Description |
Timeline |
Business Development (BD) Representative generates / regenerates link for Rating Application and sends it to the Client for Acceptance on the same Calendar Day. |
Day T |
Submission of Mandate for BD Quality Check (QC) and Finance Clearance / Resubmission after being rejected by BDQC; timer is reset |
Day T1 |
Clearing BD QC |
Day T1+ 1 |
Case Allocation by Rating Administration and system generated mail for seeking information. |
Day T1 + 2 |
Management interaction or receipt of full information-whichever is later; timer is reset |
Day T2 |
Submission / resubmission of Case for Pre-RCM QC
|
Day T2+4 |
Submission to Rating Desk for inclusion in a RC Meeting# |
Earliest: Day T2+4 |
RC Meeting |
Earliest: Day T2+4 |
Communication of the rating assigned to issuer |
2 working days of rating committee decision |
Receipt of manually / electronically signed Letter of Acceptance (applicable for fresh cases); timer is reset |
Day T3$ |
Dissemination of rating and publishing on website |
Day T3 + 2 |
Surveillance & Monitoring: On-going process |
As per SEBI requirements |