•  Disclosure by the originator, as notes to accounts, presenting a comparative position for two years: o  total number and book value of loan assets securitised;  o  sale consideration received for the securitised assets and gain/loss on sale on account of securitisation;  o  form and quantum (outstanding value) of services provided by way of credit enhancement, liquidity support, post-securitisation asset servicing, etc.
In the context of recent global events, the above guidelines will go a long way in laying the foundation of a healthy structured credit market. In respect of distressed assets, the legal framework was provided by the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002", more commonly called SARFAESI Act.