Credit enhancement and liquidity facilities

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..... to making full disclosures of the arrangements in the offer document or the particulars submitted to the recognised stock exchange. (2) A special purpose distinct entity may avail the services of a liquidity provider, subject to making full disclosures of the arrangements in the offer document or the particulars submitted to the recognised stock exchange. 1[(3) The special purpose distinct entit .....

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..... (a) settlement of all claims related to the securitized debt instruments notes issued by the special purpose distinct entity; or (b) termination of the facility provider's obligations. (vii) There shall be no recourse to the facility provider beyond its fixed contractual obligations. (viii) A legal opinion is obtained confirming that the agreement protects the facility provider from liabilit .....

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..... ring losses in the underlying assets prior to a drawdown. (xiii) The facility shall not be available for: (a) meeting recurring securitisation expenses; (b) funding additional asset acquisition by the special purpose distinct entity; (c) covering final scheduled repayments to investors; or (d) addressing warranty breaches. (xiv) The facility shall be provided to the special purpose dis .....

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