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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.
The world’s largest coral reef is
According to Planning commission, Indian region is divided into how many agro climatic zones?
The Mission Amrit Sarovar was launched on the occasion of
What is the assistance given under PKVY and MOVCDNER for 3 years for farmers to use organic inputs?
What is the premium of horticultural crops under PMFBY?
For how many crops MSP is given by the GOI?
Who has authored the book “The Hero of Tiger Hill” ?
Total foodgrain production in the country is estimated at 149.92 million tonnes which is higher by………………… than t...
Which state recently launched a ‘Graded Response Action Plan’ (GRAP) to combat pollution?
India’s first vaccine to prevent Lumpy Disease was developed by which of the following Institute?