Friday, April 15, 2011


In a move expected to improve liquidity and deepen the securitized debt market, the Securities and Exchange Board of India (SEBI) introduced a 'Listing Agreement for Securitized Debt Instruments'. This is expected to make these instruments more transparent and improve their secondary market liquidity. The decision was taken to enhance information available in the public domain on performance of asset pools on which securitized debt instruments are issued. It will help bring transparency in listing of securitized debt instruments, as issuers would now need to disclose information of three levels - the pool level, tranche level and select loan information.


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