Process & Execution

• Liaising with Originators, Bankers, Rating Agencies, Arrangers, Legal Counsels and Investors among others.
• Vetting of legal documents.
• Opening and operating issue proceeds/collection & payout account.
• Providing inputs on the transaction structure/ information memorandum and preparing the spreadsheets (par/premium) for the same.
• Collecting proceeds from the investors and providing the same to the originator.
• Issuance of Physical PTC’s and Dematization of Securities.
• Invoking the credit enhancement/liquidity facility in case of shortfall as per RBI Guidelines
• Call for periodic reports from the sellers of the receivables or the assignors
• Regular analysis of servicer reports, ensuring timely and accurate payouts.
• Monitoring the credit enhancement as stipulated by the rating agency.
• Sending out monthly reports along with future cash flows factoring prepayments to the investor, originator & rating agency.
• Ensure on a continuous basis that the trust property is available and adequate at all times to pay the securitised debt instruments holders
• Exercise due diligence to ensure compliance by the sellers/assignors, with the provisions of the Companies Act, the listing agreements (if applicable), the trust deed or other applicable laws.
• Investor servicing for responding to any queries/clarifications sought by the investors.
• Redemption of the PTCs on completion of the payouts. Audit for various trusts on a quarterly basis and issuance of TDS certificates to the beneficiaries wherever TDS implications are involved