﻿{"id":396236,"date":"2023-05-31T16:58:01","date_gmt":"2023-05-31T08:58:01","guid":{"rendered":"https:\/\/beta2.law.asia\/?p=396236"},"modified":"2023-06-23T09:14:38","modified_gmt":"2023-06-23T01:14:38","slug":"stressed-assets-future","status":"publish","type":"post","link":"https:\/\/beta2.law.asia\/jp\/stressed-assets-future\/","title":{"rendered":"\u30b9\u30c8\u30ec\u30b9\u30a2\u30bb\u30c3\u30c8\u306e\u5c06\u6765\u3092\u4fdd\u8a3c\u3059\u308b"},"content":{"rendered":"<p style=\"text-align: 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justify;\">\u51fa\u6765\u9ad8\u306b\u3064\u3044\u3066\u306f\u3001\u6a19\u6e96\u8cc7\u7523\u3084\u7a3c\u50cd\u8cc7\u7523\u306e\u8a3c\u5238\u5316\u306f\u3001\u3088\u308a\u5927\u898f\u6a21\u3067\u767a\u5c55\u3057\u305f\u5e02\u5834\u306b\u3088\u3063\u3066\u63d0\u4f9b\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u5e02\u5834\u306b\u306f\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304a\u3088\u3073\u975e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u53c2\u52a0\u304c\u5897\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u91d1\u878d\u5e02\u5834\u306e\u62e1\u5927\u3092\u898b\u636e\u3048\u3001\u307e\u305f\u30d5\u30a3\u30fc\u30c9\u30d0\u30c3\u30af\u306b\u57fa\u3065\u304d\u3001\u30a4\u30f3\u30c9\u6e96\u5099\u9280\u884c\uff08RBI\uff09\u306f2022\u5e749\u6708\u306e\u958b\u767a\u30fb\u898f\u5236\u653f\u7b56\u306b\u95a2\u3059\u308b\u58f0\u660e\u306e\u4e2d\u3067\u3001\u30b9\u30c8\u30ec\u30b9\u8cc7\u7523\u306e\u8a3c\u5238\u5316\u306b\u3064\u3044\u3066\u3001\u6a19\u6e96\u8cc7\u7523\u3068\u540c\u69d8\u306e\u65b0\u3057\u3044\u67a0\u7d44\u307f\u3092\u63d0\u6848\u3057\u307e\u3057\u305f\u3002\u305d\u306e\u6e96\u5099\u3068\u3057\u3066\u3001RBI\u306f2023\u5e741\u6708\u306b\u5be9\u8b70\u6587\u66f8\u300cSecuritisation of Stressed Assets Framework\uff08SSAF\uff09\u300d\u3092\u767a\u884c\u3057\u307e\u3057\u305f\u3002<\/p>\n<figure id=\"attachment_294208\" aria-describedby=\"caption-attachment-294208\" style=\"width: 200px\" class=\"wp-caption alignright\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-294210\" src=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Sawant_Singh.jpg\" alt=\"Sawant Singh\" width=\"200\" height=\"250\" srcset=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Sawant_Singh.jpg 400w, https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Sawant_Singh-240x300.jpg 240w, https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Sawant_Singh-336x420.jpg 336w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-294208\" class=\"wp-caption-text\"><strong>Sawant Singh<\/strong> <br \/>\u30d1\u30fc\u30c8\u30ca\u30fc<br \/>Phoenix Legal<\/figcaption><\/figure>\n<p style=\"text-align: justify;\">SSAF\u3067\u306f\u3001\u975e\u6a19\u6e96\u8cc7\u7523\u306e\u8a3c\u5238\u5316\u306b\u95a2\u3059\u308b\u65b0\u305f\u306a\u898f\u5236\u306e\u67a0\u7d44\u307f\u3092\u5b9a\u3081\u3066\u3044\u307e\u305b\u3093\u3002\u56fd\u969b\u7684\u306a\u7d4c\u9a13\u306e\u4e8b\u4f8b\u3092\u793a\u3057\u3001\u30d5\u30a3\u30fc\u30c9\u30d0\u30c3\u30af\u306e\u305f\u3081\u306e\u8cea\u554f\u3092\u6295\u3052\u304b\u3051\u3066\u3044\u307e\u3059\u3002SSAF\u306f\u3001\u6a19\u6e96\u8cc7\u7523\u3068\u975e\u6a19\u6e96\u8cc7\u7523\u306e\u8a3c\u5238\u5316\u3092\u533a\u5225\u3059\u308b\u8981\u7d20\u3068\u3057\u3066\u3001\u300c\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u78ba\u5b9f\u6027\u306e\u5ea6\u5408\u3044\u304c\u3088\u308a\u4f4e\u3044\u300d\u3053\u3068\u3068\u3001\u89e3\u6c7a\u306e\u305f\u3081\u306b\u5c02\u9580\u7684\u306a\u7b2c\u4e09\u8005\u6a5f\u95a2\u304c\u95a2\u4e0e\u3057\u3066\u3044\u308b\u3053\u3068\u3001\u3068\u8a18\u3057\u3066\u3044\u307e\u3059\u3002SSAF\u306f\u3001\u30b9\u30c8\u30ec\u30b9\u8cc7\u7523\u306b\u4e0d\u826f\u8cc7\u7523\u306e\u307f\u3092\u542b\u3081\u308b\u3079\u304d\u304b\u3001\u3042\u308b\u3044\u306f\u30b9\u30c8\u30ec\u30b9\u306e\u5ea6\u5408\u3044\u304c\u7570\u306a\u308b\u6a19\u6e96\u8cc7\u7523\u3082\u542b\u3081\u308b\u3079\u304d\u304b\u306b\u3064\u3044\u3066\u691c\u8a0e\u3057\u3066\u3044\u307e\u3059\u3002\u5f8c\u8005\u306f\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3067\u30e1\u30ea\u30c3\u30c8\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u30c7\u30e1\u30ea\u30c3\u30c8\u3068\u3057\u3066\u306f\u3001\u898f\u5236\u306e\u88c1\u5b9a\u3084\u8cc7\u7523\u51e6\u7406\u306e\u8907\u96d1\u3055\u306a\u3069\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002<\/p>\n<p style=\"text-align: justify;\">SSAF\u306f\u3001\u6a19\u6e96\u8cc7\u7523\u306b\u95a2\u3059\u308b\u65e2\u5b58\u306e\u67a0\u7d44\u307f\u3067\u306f\u3001\u30ea\u30dc\u30eb\u30d3\u30f3\u30b0\u30fb\u30ed\u30fc\u30f3\u3084\u3001\u5229\u606f\u3068\u5143\u672c\u306e\u4e00\u62ec\u6255\u3044\u30ed\u30fc\u30f3\u306a\u3069\u3001\u4e00\u90e8\u306e\u8cc7\u7523\u3092\u8a3c\u5238\u5316\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u3044\u70b9\u3092\u6307\u6458\u3057\u3066\u3044\u307e\u3059\u3002SSAF\u306f\u3001\u57f7\u884c\u3001\u89e3\u6c7a\u3001\u4fa1\u683c\u8a2d\u5b9a\u306a\u3069\u306e\u8981\u56e0\u3092\u5206\u6790\u3057\u3001\u3053\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u306f\u9b45\u529b\u7684\u3067\u306f\u306a\u3044\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u65ac\u65b0\u306a\u70b9\u3060\u3068\u3044\u3048\u307e\u3059\u3002\u307e\u305f\u3001RBI\u306f\u3001\u5927\u53e3\u306e\u4f01\u696d\u5411\u3051\u30ed\u30fc\u30f3\u306b\u306f\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u4e0d\u78ba\u5b9f\u6027\u3001\u50b5\u6a29\u8005\u59d4\u54e1\u4f1a\u306b\u3088\u308b\u610f\u601d\u6c7a\u5b9a\u3078\u306e\u4f9d\u5b58\u3001\u7834\u7dbb\u51e6\u7406\u5c02\u9580\u5bb6\uff08RP\uff09\u306b\u3088\u308b\u4ee3\u8868\u6a29\u306e\u512a\u5148\u9806\u4f4d\u306e\u504f\u308a\u306a\u3069\u306e\u30c7\u30e1\u30ea\u30c3\u30c8\u304c\u3042\u308b\u3068\u8a8d\u8b58\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<figure id=\"attachment_294203\" aria-describedby=\"caption-attachment-294203\" style=\"width: 200px\" class=\"wp-caption alignright\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-294205\" src=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Aditya_Bhargava.jpg\" alt=\"Aditya Bhargava\" width=\"200\" height=\"250\" srcset=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Aditya_Bhargava.jpg 400w, https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Aditya_Bhargava-240x300.jpg 240w, https:\/\/beta2.law.asia\/wp-content\/uploads\/2022\/03\/Phoenix_Legal_Aditya_Bhargava-336x420.jpg 336w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-294203\" class=\"wp-caption-text\"><strong>Aditya Bhargava<\/strong> <br \/>\u30d1\u30fc\u30c8\u30ca\u30fc<br \/>Phoenix Legal<\/figcaption><\/figure>\n<p style=\"text-align: justify;\">2008\u5e74\u306e\u4e16\u754c\u91d1\u878d\u5371\u6a5f\u4ee5\u964d\u3001\u6700\u4f4e\u4fdd\u6709\u8981\u4ef6\uff08MRR\uff09\u3001\u5931\u793c\u3067\u306f\u3042\u308a\u307e\u3059\u304c\u3001\u901a\u79f0\u300c\u30b9\u30ad\u30f3\u30fb\u30a4\u30f3\u30fb\u30b6\u30fb\u30b2\u30fc\u30e0\uff08\u81ea\u5df1\u8cc7\u91d1\u6295\u8cc7\uff09\u300d\u306f\u3001\u8a3c\u5238\u5316\u69cb\u9020\u306e\u4e2d\u3067\u904d\u5728\u3059\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002MRR\u3068\u306f\u3001\u30aa\u30ea\u30b8\u30cd\u30fc\u30bf\u30fc\u304c\u6295\u8cc7\u5bb6\u3068\u306e\u7d4c\u6e08\u7684\u306a\u6574\u5408\u6027\u3092\u78ba\u4fdd\u3059\u308b\u305f\u3081\u306b\u4fdd\u6709\u3059\u308b\u7d4c\u6e08\u7684\u5229\u76ca\u3067\u3059\u3002SSAF\u306f\u3001\u539f\u8cc7\u7523\u304c\u3059\u3067\u306b\u30c7\u30d5\u30a9\u30eb\u30c8\u72b6\u614b\u306b\u3042\u308b\u305f\u3081\u3001\u30aa\u30ea\u30b8\u30cd\u30fc\u30bf\u30fc\u306f\u4e0d\u826f\u8cc7\u7523\u3068\u306e\u95a2\u9023\u4ed8\u3051\u3092\u671b\u307e\u305a\u3001\u6295\u8cc7\u5bb6\u3068\u306e\u7d4c\u6e08\u7684\u306a\u6574\u5408\u6027\u3082\u9650\u5b9a\u7684\u3067\u3042\u308b\u3068\u6307\u6458\u3057\u3066\u3044\u307e\u3059\u3002SSAF\u306f\u3001MRR\u3092\u8ca0\u3046\u306e\u306f\u30aa\u30ea\u30b8\u30cd\u30fc\u30bf\u30fc\u3067\u3042\u308b\u3079\u304d\u304b\u3001\u3042\u308b\u3044\u306fRP\u3067\u3042\u308b\u3079\u304d\u304b\u3001\u307e\u305f\u306f\u30aa\u30ea\u30b8\u30cd\u30fc\u30bf\u30fc\u3068RP\u306e\u9593\u3067MRR\u3092\u5206\u914d\u3059\u3079\u304d\u304b\u3001\u3042\u308b\u3044\u306f\u3053\u308c\u3089\u306e\u4e8b\u9805\u3092\u5e02\u5834\u306b\u59d4\u306d\u308b\u3079\u304d\u304b\u3092\u5c0b\u306d\u3066\u3044\u307e\u3059\u3002\u7834\u7dbb\u51e6\u7406\u306b\u304a\u3044\u3066\u3001\u30aa\u30ea\u30b8\u30cd\u30fc\u30bf\u30fc\u306e\u652f\u63f4\u304c\u5fc5\u8981\u3068\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u305f\u3081\u3001\u30aa\u30ea\u30b8\u30cd\u30fc\u30bf\u30fc\u304c\u8a3c\u5238\u5316\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30fc\u306e\u767a\u884c\u3059\u308b\u52a3\u5f8c\u9ad8\u5229\u56de\u308a\u8a3c\u5238\u306b\u6295\u8cc7\u3057\u3001\u30b7\u30cb\u30a2\u8a3c\u5238\u3092\u4fdd\u6709\u3059\u308b\u6295\u8cc7\u5bb6\u304c\u4ed6\u306e\u8a3c\u5238\u306b\u512a\u5148\u3057\u3066\u6255\u3044\u51fa\u3057\u3092\u884c\u3046\u3001\u3068\u3044\u3046\u89e3\u6c7a\u7b56\u3082\u3042\u308a\u307e\u3059\u3002RP\u306f\u3001\u4e2d\u7a0b\u5ea6\u306e\u5229\u56de\u308a\u3092\u652f\u6255\u3046\u30e1\u30b6\u30cb\u30f3\u8a3c\u5238\u3092\u4fdd\u6709\u3057\u307e\u3059\u304c\u3001\u30b7\u30cb\u30a2\u6295\u8cc7\u5bb6\u304c\u652f\u6255\u3044\u3092\u6e08\u307e\u305b\u305f\u5f8c\u306b\u511f\u9084\u3055\u308c\u307e\u3059\u3002<\/p>\n<p 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style=\"text-align: justify;\">SSAF\u306f\u512a\u308c\u305f\u69cb\u60f3\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u30b9\u30c8\u30ec\u30b9\u8cc7\u7523\u306b\u95a2\u3059\u308b\u65b0\u305f\u306a\u67a0\u7d44\u307f\u306f\u3001\u65e2\u5b58\u306e\u898f\u5236\u3084\u57f7\u884c\u306e\u4ed5\u7d44\u307f\u306b\u304a\u3051\u308b\u3001\u30b9\u30c8\u30ec\u30b9\u8cc7\u7523\u306e\u89e3\u6c7a\u3092\u6210\u529f\u3055\u305b\u308b\u305f\u3081\u306e\u30cf\u30fc\u30c9\u30eb\u304c\u53d6\u308a\u9664\u304b\u308c\u305f\u5f8c\u306b\u306e\u307f\u3001\u691c\u8a0e\u3055\u308c\u308b\u3079\u304d\u3067\u3059\u3002\u898f\u5236\u3092\u5bc4\u305b\u96c6\u3081\u305f\u5f93\u6765\u306e\u4ed5\u7d44\u307f\u306b\u3001\u30b9\u30c8\u30ec\u30b9\u8cc7\u7523\u306b\u95a2\u3059\u308b\u65b0\u305f\u306a\u67a0\u7d44\u307f\u304c\u52a0\u308f\u308b\u3053\u3068\u3067\u3001\u3055\u3089\u306b\u8907\u96d1\u306b\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u3063\u3066\u3001\u91d1\u878d\u5e02\u5834\u304c\u62e1\u5927\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u52b9\u679c\u7684\u306a\u57f7\u884c\u306e\u4ed5\u7d44\u307f\u304c\u306a\u3051\u308c\u3070\u6210\u529f\u306f\u671b\u3081\u306a\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<p style=\"text-align: justify;\"><strong><span class=\"vantage-grey\"><em>Sawant Singh\u53ca\u3073Aditya Bhargava\u306f\u3001Phoenix Legal\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u3067\u3059\u3002<\/em><\/span><\/strong><\/p>\n<section class=\"format-info\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2016\/07\/Phoenix-logo-300x109.jpg\" alt=\"Phoenix Legal\" width=\"300\" height=\"109\" \/><\/p>\n<p style=\"text-align: justify;\"><strong>Phoenix Legal<\/strong><\/p>\n<p style=\"text-align: justify;\">Second Floor<br \/>\n254 Okhla Industrial<br \/>\nEstate Phase III<br \/>\nNew Delhi &#8211; 110 020 India<\/p>\n<p style=\"text-align: justify;\">Vaswani Mansion, 3\/F<\/p>\n<p style=\"text-align: justify;\">120 Dinshaw Vachha Road, Churchgate<\/p>\n<p style=\"text-align: justify;\">Mumbai \u2013 400 020, India<\/p>\n<p style=\"text-align: justify;\">\u96fb\u8a71\uff1a +91 11 4983 0000<\/p>\n<p style=\"text-align: justify;\">+91 22 4340 8500<\/p>\n<p style=\"text-align: justify;\">E\u30e1\u30fc\u30eb\uff1a delhi@phoenixlegal.in<br \/>\nmumbai@phoenixlegal.in<br \/>\nWeb\u30b5\u30a4\u30c8<br \/>\n<a href=\"http:\/\/www.phoenixlegal.in\/\">www.phoenixlegal.in<\/a><\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>\u8a3c\u5238\u5316\u3068\u306f\u3001\u5546\u7528\u8ca0\u50b5\u3092\u96c6\u7d04\u3057\u3001\u8cc7\u672c\u5e02\u5834\u5546\u54c1\u3068\u3057\u3066\u518d\u30d1\u30c3\u30b1\u30fc\u30b8\u5316\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u30a4\u30f3\u30c9\u3067\u306f\u3001\u9280\u884c\u3084\u91d1\u878d\u6a5f\u95a2\u304c\u95a2\u4e0e\u3059\u308b\u6a19\u6e96\u8cc7\u7523\u3084\u7a3c\u50cd\u8cc7\u7523\u306e\u8a3c\u5238\u5316\u3068\u3001\u8cc7\u7523\u518d\u751f\u4f1a\u793e\u304c\u95a2\u4e0e\u3059\u308b\u4e0d\u826f\u8cc7\u7523\u306e\u8a3c\u5238\u5316\u306b\u3064\u3044\u3066\u3001\u305d\u308c\u305e\u308c\u5225\u306e\u898f\u5236\u67a0\u7d44\u307f\u304c\u8a2d\u3051\u3089\u308c\u3066\u3044\u307e\u3059\u3002 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