Conditions governing securitisation

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t: (a) No obligor shall have more than twenty five percent in asset pool at the time of issuance. (b) Asset comprising the securitisation pool shall be homogeneous. (c) Securitised debt instruments shall be fully paid up upfront. (d) Originators shall have a track record of operations of three financial years which resulted in the creation of the type of debt or receivable such originator ....