Nafmii launches trial for NPL securitization disclosure regime

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By Rev Hui
20 Apr 2016

China’s National Association of Financial Market Institutional Investors (Nafmii) has published a trial disclosure framework for non-performing loan securitization, paving the way for the first batch of deals to come later this year.

Most of the rules announced this week are quite standard as the consultation is built on the existing framework for conventional ABS.

But Nafmii has included several requirements specific to NPL securitization, such as additional information disclosure over NPLs and more stringent disclosures of an originator’s historical ...

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