Securitisation, end to end. RBI 2021 framework, fully wired.
Pool to certificate to investor, with the regulatory machinery built in — not bolted on.
CortexData PTC implements the RBI Master Direction on Securitisation of Standard Assets (September 2021) as code. MRR enforcement, MHP gating, true-sale verification, tranching, waterfall mechanics, secondary trading, and quarterly RBI reporting — every step audit-ready.
- Pool eligibility + MRR + MHP enforcement per RBI 2021 framework
- Senior / Mezzanine / Subordinate / Equity tranching with cash-flow waterfall
- Investor onboarding (QIB / FPI / DII) with suitability gating
- Secondary market PTC trading with beneficial-interest transfer
- Quarterly RBI securitisation report generated automatically
- NSE/BSE listing + NSDL/CDSL depository integration
- 01Pool eligibility + MRR + MHP enforcement per RBI 2021 framework
- 02Senior / Mezzanine / Subordinate / Equity tranching with cash-flow waterfall
- 03Investor onboarding (QIB / FPI / DII) with suitability gating
- 04Secondary market PTC trading with beneficial-interest transfer
Securitisation built for Indian regulators and Indian investors.
Most securitisation platforms are global products with India FAQ pages bolted on. CortexData PTC is the opposite — built around RBI 2021 from day zero.
Pool selection + eligibility
Configurable pool-eligibility rules (seasoning, DPD bands, sector mix, ticket size). MRR (Minimum Retention Requirement) and MHP (Minimum Holding Period) checks per RBI 2021 framework.
PTC issuance
Senior / Mezzanine / Subordinate / Equity tranching. Cash-flow waterfall configuration. ISIN issuance workflow integration. Investor allotment and certificate generation.
Investor onboarding
QIB / FPI / DII categorisation, KYC + AML, accredited-investor verification, suitability gating. Investor portal for statements + redemption.
Valuation engine
Present-value and yield-to-maturity computation. Mark-to-market re-valuation cycle. Tranche-level cash-flow projection vs. actual.
Secondary market trading
PTC secondary trading register, transfer-of-beneficial-interest workflow, settlement reconciliation. Buyer KYC + suitability re-check on transfer.
Performance tracking
Pool-level + tranche-level performance: collection efficiency, prepayment, default, recovery. Investor reporting pack generated quarterly.
Regulatory reporting
RBI quarterly securitisation report, MRR continuous compliance check, true-sale verification trail. Audit-pack ready for RBI inspection.
Trustee + servicer hooks
Trustee oversight workflow, servicer-fee computation, escrow account integration, default-event notification fan-out to all parties.
Event lifecycle
Disbursement, repayment, default, prepayment, restructuring — every event flows through the certificate cash-flow waterfall and updates investor positions.
Securitisation regulatory map
| RBI directive / framework | CortexData implementation |
|---|---|
| RBI Master Direction — Securitisation of Standard Assets (Sept 24, 2021) | MRR + MHP enforcement, true-sale verification, pool eligibility, tranching constraints, due-diligence trail |
| RBI Master Direction — Transfer of Loan Exposures (Sept 2021) | Transfer workflow, beneficial-interest register, partial-transfer support, regulatory disclosure |
| SEBI (LODR) — for listed PTCs | Half-yearly disclosures, related-party transaction handling, material-event notification |
| FEMA — for FPI investors | FPI eligibility check, sectoral cap monitoring, RBI reporting on FPI holdings |
| Income-Tax Act — Section 115TCA (Securitisation Trust) | Tax pass-through computation, investor-side TDS, annual investor tax statement |
Frequently asked questions
Model your next securitisation on CortexData.
Bring us your pool. We'll run eligibility, MRR/MHP checks, tranche structuring, and a sample investor pack — so your structuring team can move from spreadsheet to platform in one engagement.