Advertisement
Via Banking Day:
The Australian Office of Financial Management has engaged legal and consulting services to assist in the development of the “forbearance special purpose vehicle” that is being designed to compensate for deferred cashflows in securitisation structures.
The AOFM is working with the Australian Securitisation Forum to come up with a structure that would give the Structured Finance Support Fund the option of investing in outstanding RMBS, ABS and warehouse facilities sponsored by non-ADIs to compensate for cashflows deferred as a result of repayment holidays.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Advertisement