Article 7. Objects of securitization Chapter 3. FEATURES OF SECURITIZATION TRANSACTIONS OF the Law on Project Financing and Securitization

Home / RLA / Article 7. Objects of securitization Chapter 3. FEATURES OF SECURITIZATION TRANSACTIONS OF the Law on Project Financing and Securitization

1. The rights of claim that are the objects of securitization must be homogeneous.

2. A special financial company uses proceeds from allocated assets exclusively to fulfill obligations under its bonds and to pay for services within the framework of a single securitization transaction, as well as, in cases provided for by this Law, to invest in financial instruments.

The Law of the Republic of Kazakhstan dated February 20, 2006 No. 126.

This Law establishes the legal basis and conditions for project financing and securitization in the Republic of Kazakhstan, defines the specifics of the assignment of claims and the legal regime of property in project financing and securitization, the legal status of a special financial company, as well as the legal basis and conditions for syndicated financing.

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Republic of Kazakhstan

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