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Trust & Retention Account (TRA) AGENT
A typical process of asset securitization involves sale of specific receivables to a Special Purpose Vehicle ("SPV"). While globally different forms of entities are used as SPVs, in India trusts make up the most popular form of SPV structure.
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Manage future cash flow of the project independent of borrowers’ intervention
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Protect the project lenders against the default risk by insulating the cash flow of the project
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Monitor utilization of project funds by borrower from TRA account as per the terms
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