Securitisation
STCL provides trusteeship services for all the three segments in securitization space – acting as Trustees for Pass Through Certificates (PTCs) and Securitized Debt Instruments (SDIs) as also as Assignee Representative in respect of Direct Assignment (DA) transactions.
Services being provided for PTC/SDI transactions broadly include:
- Facilitating procurement of E-stamps on Pan-India basis.
- Obtaining PAN/TAN number/LEI registration.
- Vetting of Transaction Documents – Mapping with the Term Sheet.
- Verifying that the transaction structure complies with RBI/SEBI guidelines.
- Ensuring Creation of Cash Collateral with Lien marking.
- Ensuring Remittance of Funds by Investors Including Originator.
- Obtaining Opinion of Legal Counsel.
- Obtaining Final Rating Rationale.
- Completing the process of demating of PTCs.
- Listing of PTCs.
Post Issue
- Evaluating The Servicer Report and Preparing The Monthly Pay-out Reports.
- Withdrawal From CC Account/CC Top Up.
- Pay-out After TDS Deduction.
- Filing TDS Returns/ Form 16 A/ Annual Tax Returns.
- Responding To Investor Queries.
- Release of Cash Collateral on conclusion of deal.
- Deactivation of ISIN.
Services provided for DA transactions broadly include:
- Facilitating procurement of E-stamps on Pan-India basis.
- Vetting of Transaction Documents – Mapping with the Term Sheet.
- Verifying that the transaction structure complies with RBI guidelines.
- Obtaining Opinion from transaction Legal Counsel.
Post Issue
- Evaluating The Servicer Report and Preparing the Monthly Pay-out Reports.
- Responding To Investor Queries.