17. Can the ABS be sold to a parent or subsidiary of the Originator, in or outside Malaysia? Would the ?true sale? requirement be met?

Only the Originator faces restrictions in purchasing the ABS issued (up to a maximum of 10% of the original amount of the ABS issued). No restrictions however, are imposed on related companies of the Originator from investing in these securities.

 

Remark: A Bond is a debt investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate. Bonds are used by companies, municipalities, states and U.S. and foreign governments to finance a variety of projects and activities.

 

 

 

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