Multiple choice

Security receipt is issued by which of the following to a qualified institutional buyer in pursuance to a securitisation program?

  1. Central Government

  2. Securitisation companies

  3. Rated companies

  4. All of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

"Security receipt" means a receipt or other security that is issued by a securitisation company or reconstruction company to any qualified institutional buyer pursuant to a scheme, evidencing the purchase or acquisition by the holder thereof, of an undivided right, title or interest in the financial asset involved in securitisation.

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