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Date Submitted: 05/16/2013 07:41 PM
The Australian securitisation market Investor seminar by The Australian Securitisation Forum
Agenda
Part I
TIME 8:45am 9:00am – 9:10am AUSTRALIAN STRUCTURED FINANCE UPDATE AND AUSTRALIAN PROPERTY MARKET OUTLOOK Australian property and general economic outlook Direction of interest rates Regional differences in the property market Arrears performance and stress testing results WELCOME from the Chief Executive Officer of the Australian Securitisation Forum Registration including light breakfast TOPIC
9:10am – 9:40am
9:40am – 10:20am 10:20am – 10:50am
ABS PANEL Collateral types from the past and the future twelve months Performance experience and expectations Pricing and yield REFRESHMENT & NETWORKING BREAK
Part II
TIME 10:50am – 11:30am TOPIC RMBS ISSUER PANEL Australian Government investment with Australian Office of Financial Management participation Trends for transaction structures in the future Re-finance and call dates DRIVERS OF PRIMARY MARKET ISSUANCE PRICE AND VOLUME IN 2011/2012 AND ULTIMATELY SECONDARY MARKET LIQUIDITY? Supply of product – slowing growth of mortgage origination, deposit creation, alternative funding sources Demand for product – appetite from liquidity books, institutional fund flows, AOFM unused buying power Create deeper investor pools through product development – fixed rate soft bullet, redemption facilities Official recognition of securitised and covered bonds as a source of liquidity Research findings that explore the complexities of RMBS, in particular extension risk and the interaction of CPR and issuer call
11:30am – 12:10pm
12:10pm – 12:45pm
AUSTRALIAN & NZ COVERED BONDS What will they look like and how will they compare with European, Korean and North American covered bonds? Liquidity expectations Expected issuance size of covered bonds out of Australia Regulatory and legal framework
12:45pm
Q&A /CONCLUSION followed by lunch
Australian Economic...