transferable securities was the main activity than the budding primary market where businesses issued securities for public offerings. Also a concern at the initial stage of development was the overlapped market
-recourse type of debt. Fund unit holding An individual or a group of associated persons shall not hold more than one third to the total units*. An IFF may issue a variety of unit classes (multi-tranche
-recourse type of debt. Fund unit holding An individual or a group of associated persons shall not hold more than one third to the total units*. An IFF may issue a variety of unit classes (multi-tranche
financing from the group of trustees as a part of the mobilizing fund process, such information must be disclosed at the initial stage of the filing. Guarantee of income At least one income guarantor shall be