Explain the following: (e) Securitised Debt Instrument.

Securitised Debt Instrument: It means any certificate or instrument, by whatever name called, issued to an investor by any issuer who is a special purpose distinct entity possessing any debt or receivable, including mortgage debt assigned to such entity, and acknowledging the beneficial interest of the investor in such debt or receivable, including mortgage debt, as the case may be. Securitised debt instruments are regulated by: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. SEBI (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008, for listing on stock exchanges. The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003.