securitisation definition

securitisation means a transaction or scheme, whereby the credit risk associated with an exposure or pool of exposures is tranched, having both of the following characteristics:

securitisation means any securitisation (Shari’ah compliant or otherwise) of existing or future assets and/or revenues, provided that (a) any Security Interest given by the Issuer in connection therewith is limited solely to the assets and/or revenues which are the subject of the securitisation; (b) each Person participating in such securitisation expressly agrees to limit its recourse to the assets and/or revenues so securitised as the principal source of repayment for the money advanced or payment of any other liability; and (c) there is no other recourse to the Issuer in respect of any default by any Person under the securitisation.

securitisation means a transaction or scheme, whereby the credit risk associated with an exposure or a pool of exposures is tranched, having all of the following characteristics: (a) payments in the transaction or scheme are dependent upon the performance of the exposure or of the pool of exposures; (b) the subordination of tranches determines the distribution of losses during the ongoing life of the transaction or scheme; (c) the transaction or scheme does not create exposures which possess all of the characteristics listed in Article 147(8) of Regulation (EU) No 575/2013;

Examples of securitisation in a sentence

• That on receipt of the balance amount of the bid tendered, the Auctioneer will issue Sale Certificate under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with Rules 9(6) of the Security Interest (Enforcement) Rules, 2002.

• Words & expressions used hereinabove shall have the same meanings respectively assigned to them under Securitisation Act and the rules framed thereunder.

• Accordingly, we are aware that the sale proceeds shall be appropriated by Arcil only towards the dues of Secured Creditor (as defined under Securitisation Act) in accordance with the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 or other applicable laws and shall not be subject to any other dues, liabilities, encumbrances including but not limited to mentioned hereinabove.

• A Demand Notice dated 09.04.2021 was issued by the Financial Creditor w/s 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, calling upon the borrower RY Midas Alluminiums Pvt.

• This would include the following homogeneity factors: (i) type of obligor, (ii) ranking of security rights on collateral, (iii) type of immovable property, and (iv) jurisdiction of the residency of the obligor/property.The Option 1 would enable to achieve the necessary level of homogeneity in the securitised pool, consistent with the underlying objective to enable a straightforward assessment of the underlying pool by the investor, as specified in the lRecital 27 of the Securitisation Regulation.

More Definitions of securitisation

securitisation means securitisation as defined in point (61) of Article 4(1) of Regulation (EU) No 575/2013;

securitisation means any securitisation of existing or future assets and/or revenues, provided that (i) any Security Interest given by the Issuer, the relevant Guarantor or the relevant Principal Subsidiary, as the case may be, in connection therewith is limited solely to the assets and/or revenues which are the subject of the securitisation; (ii) each person participating in such securitisation expressly agrees to limit its recourse to the assets and/or revenues so securitised as the principal source of repayment for the money advanced or payment of any other liability; and(iii) there is no other recourse to the Issuer, the relevant Guarantor or the relevant Principal Subsidiary, as the case may be, in respect of any default by any person under the securitisation;

securitisation means a securitisation as defined in point (1) of Article 2 of Regulation (EU) 2017/2402;

securitisation means a securitisation within the meaning of Article 4(36) of Directive 2006/48/EC;

securitisation means any securitisation of existing or future assets and/or revenues, provided that:

securitisation means securitisation as defined in Article 2(1) of [Securitisation Regulation];

securitisation means a transaction or scheme whereby: