Criterion A5: Asset Selection and Transfer (Conduit Level)
Effective from Dec 28 2022 - Dec 31 2022
To view other versions open the versions tab on the right
| 18.117 | The sponsor should: | |
| (1) | Provide representations and warranties to investors about the checks, in nature and frequency, it has conducted regarding enforceability of underlying assets. | |
| (2) | Disclose to investors the receipt of appropriate representations and warranties from sellers that the credit claims or receivables being transferred to the transactions in the conduit are not subject to any condition or encumbrance that can be foreseen to adversely affect enforce ability in respect of collections due. | |