Asset-Backed Securities

Pursuant to the provisions as prescribed under the Communique Nr.III-58.1 Regarding the Asset and Mortgage Backed Securities, promulgated by the Capital Markets Board of Turkey, asset finance fund shall mean the assets, which is unincorporated and established as per the fund by-laws as based on the fiduciary ownership principles on behalf of the ABS holders by making use of the funds raised against the asset-backed securities. The assets of the fund is separate from the assets of the founder, the service provider and the originator.

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What You Should Know

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