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In new directions effective immediately, exposures to state and central governments, security deposits of borrowers held as collateral and national credit guarantee schemes among others have been exempted from concentration limits allowing NBFCs to reduce their concentration risk.
A report by the federal environmental agency’s internal watchdog found that EPA is failing to enforce its own pollution limits for the known carcinogen at many refineries — including some in Texas.
It is important to note that the order of application of concentration limits and advance rates can significantly impact the overall borrowing base under the facility.