• Advising the issuer company on the mode of creation of security
• Advising on the draft security creation documents and vetting the same
• Holding the charge for and on behalf of the investors and hold the security documents in safe custody
• Monitoring the security cover and financial covenants by seeking periodic information from the issuer company.
• Convening the Debenture or Bond holder meetings when so requested by majority Debentureholders
• Addressing investor grievances
• Security enforcing at the behest of the Debentureholders

• Drafting or vetting of common documentation to secure borrowings
• Conceptualising, customising and structuring of the security documents to minimise documentation (including advising on the stamp duty implications on the borrower), but at the same time ensuring compliance with all the terms and conditions of the facility documents. Thus, ensuring effective execution of transactions.
• Liasoning with the lead lender and the legal counsel on drafting the security documents.
• Disseminating the information between the lenders and the borrower.
• Monitoring the loan on a quarterly basis by calling of compliance information from the borrower.
• Prompt provision of information to the lenders on any matter pertaining to the covenants or terms or conditions of the loan and security.
• Assisting the borrower and the lenders in overall coordination and ensure smooth completion of the transaction with adherence to the given time frame.
• Providing a common forum for the lenders by convening meetings as and when required by the lenders.
• Taking such appropriate action including enforcement of security as may be requested by the lenders on the occurrence of an event of default.
• Holding in custody the security documents, insurance policies duly endorsed in favour of the trustee, guarantee deeds etc.,

As a facility agent, we act as a communication channel between the borrower and the lenders and our role inter alia includes:

• Confirmation of compliance pre-disbursement conditions to the lenders on receipt of the same from the borrower
• Disseminate information between the borrower and the lenders
• Convening meetings of the lenders on a request from the borrower and vice versa
• Calling for quarterly information from the borrowers
• Monitoring compliance with the terms of issue

As an escrow agent, We inter alia:

• Draft and vet the escrow agreement and define the flow as required under the transaction structure
• Ensure the account opening with the escrow band
• Monitor the flow of the proceeds in accordance with the agreement
• Monitor the maintenance of the Debt Service Account and the Debt Service Reserve Account to ensure continuity of debt service
• Call for monthly account statement from the escrow bank

• Settling of Trust and holding the receivables along with the underlying assets in Trust for and on behalf of the beneficiaries (investors).
• Vetting of all the legal documents prepared by the legal counsel to ensure the "True Sale" nature of the transactions including adherence to the securitisation guidelines and ensuring smooth execution of the same.
• Appointment of the Rating Agency or Registrar and Transfer Agent etc.,
• Coordinating with NSDL for Credit Corporate Action and creation of the ISIN number and signing of the necessary documents.
• Ensuring funding of the requisite accounts in time in accordance with the provisions of the Information Memorandum.
• Ensuring that the Payout Cheques along with the Monthly Reports are sent across to the Investors or Custodians or Rating Agency on or before the due date.
• Addressing Investor queries on specific issues

The duties include:

• Monitoring that proceeds of the Initial Public Offering / Follow - on Offering of shares, are utilised for the objects for which the funds were raised.
• Submission of a half yearly report to the designated stock exchange.
• Executing a tripartite escrow agreement to monitor the flow of the proceeds in accordance with the objects of the issue.