Since the inception of securitisation in Australia, Perpetual has been providing a wide range of trustee and support services to issuers.
As a recognised leader of the Australian securitisation market, Perpetual plays a prominent role in growing the industry and managing regulatory change. We are entrusted by Australia’s leading financial institutions to administer their securitisation portfolios and ensure that the interests of investors are protected.
Scale and Strength
Breadth of expertise
Our trustee and security trustee services include all operations involved with the establishment and ongoing compliance obligations of the trust.
Tailored trust administration services as well as the building of RBA compliant models including VBA cash flow waterfall development and Weighted Average Life (WAL) calculations.
Document security and ease of administration is crucial. We safeguard more than 600,000 security packets in secure vaults in Sydney and Melbourne – and manage the movement of around 16,000 packets each month (monthly average in 2016).
Access our Client Document Custody Portal.
Our comprehensive standby servicing platform is built on a real readiness to step in. This includes a detailed Standby Servicing Plan, initial capability assessment and scenario analysis as well as ongoing site visits and assessment.
We provide RBA and investor reporting via ABSPerpetual, as well as 3rd party aggregated data services. More information can be found at http://www.absperpetual.com.
Issuing & Paying Agent
As issuing and paying agent we maintain bank accounts and facilitate principal and income payments on behalf of the lenders in accordance with the transaction documents.
Facility Agent and security trustee for syndicated or corporate debt
We act as facility agent and security trustee for syndicated debt or corporate debt in the capital markets.
- Asset Backed Securities (ABS)
- Residential Mortgage-Backed Securities (RMBS)
- Commercial Mortgage-Backed Securities (CMBS)
- Covered BondsCorporate Bonds and Kangaroo Bonds
- Structured finance products
- Internal securitisation structures
- Master Trusts
- Syndicated debt or corporate debt
We have expertise in dealing with complex structures and transactions and our solutions can be tailored to meet our client’s needs. A typical securitisation structure is illustrated below.
Case Study: Latitude Financial
Perpetual helps Latitude Financial Services launch a new Master Trust securitisation structure into the Australian market.
TRANSACTION MANAGEMENT GROUP – DEBT MARKET SERVICES
The Transaction Management Group works closely with clients and stakeholders to ensure all debt markets transactions are executed smoothly and on time. Our team has extensive experience with securitisation and structured finance products, as well a strong working relationships with key participants in the industry, from lawyers, banks and accounting firms, through to investors and ratings agencies. We regularly participate in industry forums relating to regulatory, commercial and legal issues affecting the market, and we welcome any questions you may have.
If you would like to discuss a new business proposal, please contact our Sales and Relationship Management team here.