CmaBylaw
Executive Bylaws
5-17 Of Module Eleven: Dealing in Securities
Section: Chapter Five: Securities Subscription
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Sunday, 12 February 2017
Sukuk Prospectus shall provide the following information, at minimum, concerning the cash flows resulting from Sukuk Assets: 1. Detailed description of Sukuk structure and cash flows. 2. Anticipated method of the Issuer’s fulfilment of its obligations towards Sukukholdersthrough cash flows, including information about any credit enhancement. 3. Statement of the cases wherein cash flows are decreased, the availability of any liquidity support and any mechanism of covering risks of a profits decrease, as the case may be. 4. Investment standards relevant to investing surplus liquidity. 5. Details of how to collect payments from obligors. 6. Summary of the priority payment provisions by the Issuer to the holders of certain class of Sukuk, if any. 7. Details of the service provider’s fees and other fees due from the Issuer to be fulfilled by the cash flows. 8. Details of any other procedures of payment to Sukukholders. 9. Information about the accumulation of the financial surplus relevant to Sukukstructure, if any.
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