Regulatory Alerts2023-12-14 | NDMC-29Technical Standards for Determining the Minimum Requirements and Characteristics of Assets Eligible for Securitization
The Central Reserve Bank of El Salvador issued Technical Standards CNBCR-11/2023 to establish the minimum requirements and characteristics for assets eligible for securitization. The regulations define eligible assets, such as those generating predictable cash flows and future financial rights, and mandate that they be homogeneous, free of encumbrances, and supported by uniform documentation and payment history. These standards, which repeal previous regulations, apply to securitization companies and take effect on January 2, 2024.
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