Estimating Loss Distribution for a Securitisation Transaction
In the latest edition of The Securitisation & Structured Finance Handbook 2018 (published by Capital Markets Intelligence) Vishal Saxena and Dilip Mohan from IFMR Capital have authored a chapter as part of the publication. The chapter discusses an approach to estimate the loss distribution for a loan portfolio. This loss distribution can be used to […]
MBS with an impact: Mortgage backed securitisation for affordable housing finance
In the latest edition of The Euromoney Securitisation & Structured Finance Handbook 2014/15 (published by the Euromoney Handbooks, London) Sreya Ray & Vaibhav Anand of IFMR Capital have authored a chapter on the topic of Mortgage backed securitisation for affordable housing finance.
What impacts the performance of a securitised Commercial Vehicle pool?
As a follow-up to our earlier post where we had talked about our first securitisation in the Commercial Vehicle (CV) Finance space, in this post we briefly provide an overview of the industry and discuss the key risk factors affecting the CV industry along with factors that impact the performance of a portfolio of CV loans.
Unanticipated consequences of Finance Bill provisions on securitisation
Over 2006-12, RBI and SEBI have created a strong and conducive regulatory environment for securitisation, listing of securitised debt instruments, and standards of transparency and reporting. Securitisation volumes have picked up and we recently witnessed the first listed transaction. In October 2011, the income tax authorities issued a claim on certain securitisation special purpose vehicles […]
Multi originator securitisation (MOSEC) in microfinance
Structured finance approach has provided microfinance institutions (MFIs) the access to diverse funding sources. During last fiscal year 2011-12, MFIs raised more than INR 20 billion through securitisation transactions.
Our view on the new securitisation guidelines
The Reserve Bank of India (RBI) just released its new securitisation guidelines for standard assets via a notification.
Listing of Securitised Debt Instruments
In a move aimed at developing the secondary market for securitised debt instruments, SEBI has released a Listing Agreement for such instruments and directed the exchanges to do the needful to enable listing of securitised debt instruments.
First Private Wealth Investment in Microfinance Securitisation
IFMR Capital closed its eighth microloan securitisation transaction this week, an INR 370 mn multi-originator securitisation with Delhi-based MFI Satin Creditcare, Rajasthan-based Sahayata Microfinance and Tamil Nadu MFI, Asirvad.
Microloan securitisation ratings upgrades: High performance of securitised pools reaffirmed
Recently, CRISIL has revised the rating of the senior and subordinated securities issued by Pioneer III – a pool securitised by Grameen Financial Services – to AAA(so) and A(so) respectively.
