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TMI BlogIFSCA permits Banking Units to transfer of assets through participation agreementsX X X X Extracts X X X X X X X X Extracts X X X X ..... IFSCA permits Banking Units to transfer of assets through participation agreements - News and Press Release Dated:- 30-12-2020 - News - The International Financial Services Centres Authority (IFSC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... A) today allowed Banking Units (BUs) to transfer assets to/from other financial institutions, persons resident in India and persons resident outside India through any internationally recognised standa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rd risk participation agreement. Transfer of assets through the risk participation agreement route is a common practice in many jurisdictions especially in the field of trade finance. Such risk par ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ticipation is undertaken as a bilateral contract under a standard document called a risk participation agreement between the two institutions (buying and selling entity). One of the common standard ri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sk participation agreement is the Master Risk Participation Agreement (MRPA) developed by the Bankers Association for Finance and Trade (BAFT). The above dispensation is expected to encourage risk ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... participation of foreign currency assets through BUs in IFSC instead of banks in foreign jurisdictions. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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