General Announcement::Risk retention

Issuer & Securities

Issuer/ Manager
PERPETUAL TRUSTEE CO LTD(AS TTEE OF THE RESIMAC TRIOMPHE TR IN RESPECT OF RESIMAC PREMIER S2019-1)
Securities
RESIMAC A$240M F500810 B - AU3FN0047163 - 56JB
RESIMAC A$299.4MF500810 C - AU3FN0047171 - TVKB
RESIMAC A$30.6M F500810 D - AU3FN0047189 - XF2B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Oct-2019 06:45:59
Status
New
Announcement Sub Title
Risk retention
Announcement Reference
SG191025OTHRLCU6
Submitted By (Co./ Ind. Name)
Resimac Limited
Designation
Director - Treasury and Securitisation
Effective Date and Time of the event
13/08/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
Update to Announcement Reference SG190813OTHRDEVM: RESIMAC Limited (RESIMAC) hereby confirms that RESIMAC is retaining an interest in randomly selected exposures (Representative Pool), equivalent to not less than 5% of the nominal value of the securitised exposures in respect of the RESIMAC Triomphe Trust Premier Series 2019-1 (Securitisation), where such Representative Pool would otherwise have been securitised in the Securitisation, provided that the Representative Pool has been randomly selected from an asset pool consisting of no less than 100 potentially securitised exposures at origination. In addition to this, RESIMAC hereby confirms that, when carrying out the selection of Representative Pool, RESIMAC takes appropriate quantitative and qualitative factors into account in order to ensure that the Representative Pool and the securitised exposures are sufficiently diverse to avoid any excessive concentration of the retained interest. RESIMAC takes into consideration, where appropriate, factors such as vintage, product, geography, origination date, maturity date, loan to value ratio, property type, industry sector, and outstanding loan balance when selecting the Representative Pool.