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Minimum Retention Requirement (MRR) The MRR is primarily designed to ensure that the originators have a continuing stake in the performance of securitised assets so as to ensure that they carry out proper due diligence of loans to be securitised. The originators should adhere to the MRR as detailed below while securitising loans leading to issuance of securitisation notes other than residential mortgage backed securities: a. For underlying loans with original maturity of 24 months or less, the MRR shall be 5% of the book value of the loans being securitised. b. For underlying loans with original maturity of more than 24 months as well as loans with bullet repayments, as mentioned in proviso to Clause 6, the MRR shall be 10% of the book value of the loans being securitised.
What is the primary focus of the partnership between NPCI International Payments Ltd. (NIPL) and the Bank of Namibia?
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Under the RBI’s guidelines, what is the maximum exposure to an individual borrower for UCBs with Tier 1 capital?
Which of the following best describes Transactional leadership theory?
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What constitutes an unclaimed deposit according to the revised RBI guidelines?
Which of the following statements about the primary market is/are correct?
1)The primary market is where new securities are issued and sold for t...
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