|SECURITISATION PROGRAMME NAMES||CONQUEST TRUST
USE OF SECURITISATION
|TYPES OF SECURITISATION ISSUED||RMBS AND ABCP|
|WHOLESALE FUNDING VOLUME FY11||A$583.7M|
|PROPORTION OF OUTSTANDING WHOLESALE
FUNDING SOURCED VIA SECURITISATION
|NUMBER OF SECURITISATIONS ISSUED||3|
|TOTAL VOLUME ISSUED||A$690.12M*|
|TOTAL DOMESTIC VS OFFSHORE ISSUANCE LEVELS||100% DOMESTIC|
|OUTSTANDING VOLUME OF SECURITISED ISSUES||A$393.89M|
*Figure includes the joint securitisation undertaken by MyState Financial and Queenslanders Credit Union in 2007
About MyState Financial
My State Financial (MyState) is a wholly-owned subsidiary of MyState Limited, which is a non-operating holding company approved by the Australian Prudential Regulation Authority and listed on the Australian Securities Exchange. MyState is the culmination of numerous credit unions coming together since 1959.
MyState Limited also wholly owns another subsidiary, Tasmanian Perpetual Trustees – a trustees company, product issuer of managed investment funds and provider of mortgage finance for personal, business and commercial purposes. It also owns The Rock Building Society, an authorised deposit-taking institution (ADI) based in central Queensland.
MyState is an ADI operating predominantly in Tasmania and provides services to 120,000 customers. It has branches in 12 locations and employs approximately 300 staff.
MyState offers personal and mortgage lending, overdrafts, credit cards, term deposits and transactional accounts, insurance, and risk insurance. More recently, MyState expanded its operations to include business banking, agribusiness and a complete set of wealth management offerings – including MyState’s own online portfolio management service.
Securitisation and funding strategy
MyState looks to use securitisation to fund approximately 20-25% of its funding portfolio through RMBS and asset-backed commercial paper issuance.
|LMI CLAIMS INFORMATION|
|CLAIMS MADE TO DATE||A$179K|
|CLAIMS PAID TO DATE||A$179K|
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Latest Issue 2013 December Supplement: Commonwealth Bank Conference
In October 2013, Commonwealth Bank hosted its sixth annual Australasian Fixed Income Conference. KangaNews is proud to present its coverage of this benchmark event.