Welcome to Indian Securitisation Foundation
Indian Securitisation Foundation (ISF) is a not-for-profit organisation incorporated under section 25 of the Companies Act, 1956, a representative body of the securitisation industry in India. ISF is formed with the objective of developing, promoting and protecting the securitisation, structured finance markets in India in particular, and market for fixed income securities in general.
Securitisation in India is not just a fixed income investing instrument, but essential for the idea of financial inclusion, in form of priority sector lending. Banks meet their priority sector targets partly through portfolio acquisitions and securitisation, thereby putting securitisation at par with the banking book. Infrastructure sector also depends substantially on securitisation for equity extraction. In essence, the significance of securitisation to India’s financial sector cannot be under-estimated.
Over time, credit default swaps are also expected to be prevalent as ways of synthetically replicating credit risk. It is a clear policy choice to have a strong market for fixed income securities in India: structured finance securities are an essential part of that market, to provide variety, choice and alignment to investor needs. In this background, ISF was conceptualised to provide direction, leadership, advocacy and support to the securitisation and structured finance industry.