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CMA
Activities
There is a need for introducing market best
practices that are uniform, easy to understand and
adopt by the players in the Credit Market. For the
benefit of the players, CMA will bring out certain
benchmarks on practices, processes and procedures.
CMA will follow a consultative approach by involving
experts from the cross section of Banks, Mutual
Funds , Insurance companies, Financial Institutions,
Regulators, Academia and other participants in the
Credit Market. The following are some of the topics
that CMA is likely to consider in the near term:
- Standardization of loan documents
- Collateral Valuation
- Dematerialization of Loan Assets
- Common understanding of Credit rating / Grading
- Common Identification numbers for Loans (such as ISIN’s)
- Price discovery mechanism in the Credit Market
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