IBANK 10.2.25 Effect of ratings of issuer and issue
If the issuer of sukuk is rated (but the issue is not), any eligible collateral may be used for credit risk mitigation. If the issue is rated, collateral included as part of the sukuk structure must not be used for credit risk mitigation.
Inserted by QFCRA RM/2017-1 (as from 1st April 2017). |