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 for the transaction structure / information memorandum and preparing the spreadsheets (par / premium) for the same.
• Collecting proceeds from investors and providing the same to the originator.
• Issuance of Physical PTC’s and Dematerialization of Securities.
• Invoking the credit enhancement / liquidity facility in case of shortfall as per RBI Guidelines.
• Call for periodic reports from Sellers of the receivables or the Assignors.
• Regular analysis of service reports, ensuring timely and accurate payouts.
• Monitoring the credit enhancement as stipulated by 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 securitized debt instruments holders.
• Exercise due diligence to ensure compliance by the Sellers / Assignors, with provisions of the Companies Act, the listing agreements (if applicable), trust deed or other applicable laws.
• Investor servicing for responding to any queries / clarifications sought by Investors.
• Redemption of PTCs on completion of payouts.
• Audit for various trusts on a quarterly basis and issuance of TDS certificates to the beneficiaries, as applicable.