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Ensures that debenture issuer follows conditions specified in the agreement of rights entitled to the debenture holder. Takes care of assets provided by the debenture issuer as security and calls for compensation on behalf of all debenture holders in case the issuer violates the agreement.
Benefits
Represents the debenture holder to ensure that the issuer complies with rights obligations
Reports how the security of debentures is being taken care of (in case of debentures with insurance policy)