The buy side and the sell side at the Securities Industry and Financial Market Association are in agreement and sticking to their guns on some issues that could shape how shelf eligibility for securitizations will take shape, including the issuer's certification, the role of a credit risk manager in transactions and arbitration.

SIFMA said that while it issued two separate sets of comments from the two sides of the market in response to the reproposal of shelf-eligibility conditions, both letters do stress some particular issues.

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