Pipelines are AOFM's tool for supporting securitisation-dependent issuers
- Tuesday, 08 December 2009
A day after announcing details of its next round of financial support for the residential mortgage-backed securities (RMBS) market, the Australian Office of Financial Management (AOFM) has released more information on the "pipeline funding" strategy it expects to use to aid RMBS-dependent institutions. Under this part of the scheme, issuers and arrangers are invited to apply for a series of AOFM investments in successive RMBS deals.
