new-asset-classes-emerge-in-aussie-securitisation-market

New asset classes emerge in Aussie securitisation market

Suresh Pillai, general manager of finance for issuer Liberty Financial, speaks about the emergence of new asset classes in Australia's securitisation market.

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November 09, 2006

According to SP, 2006 will be the biggest year for all asset classes in Australia's securitisation market. What have been the driving forces behind this performance

I think 2006 has seen a greater diversity in issuance. While prime RMBS transactions still account for the overwhelming majority of activity, this has been a big year for newer asset classes such as non-conforming residential mortgages and auto loans, as well as for more esoteric asset classes. This has been a significant factor in driving the performance of the overall market.

For example, so far this year, Liberty has completed three separate transactions totaling A$3 billion which is by far our largest issuance year to date and...

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