Asset backed and mortgage backed securitisation

 

Macquarie is a recognised leader in the securitised capital markets, using securitisation techniques to provide term financing for pools of financial assets for its clients.

We have been involved in the market since its inception in the early 1990s, and our securitisation business has been consistently recognised, having been awarded the title of  INSTO ABS House of the Year for the last 11 years.

The consistency of our results reflects a long-term commitment to working with our clients in all market conditions, across a range of high quality debt market products.

Our clients benefit from our innovative approach and strong track record of introducing new asset classes to institutional investors in the capital markets. We achieve results by developing expertise in a wide range of securitisation structures, and by supporting this with interest rate risk management skills, primary placement and secondary market trading support, and a strong commitment to research.

We seek to innovate and extend the reach of our financing techniques. The capital markets, through securitisation, can be a cost effective and longer-term source of finance for many asset classes or assets previously financed by more traditional wholesale means.

Securitisation products and services

Debt structuring, arrangement and placement We assist clients, with the benefit of our experience, in ensuring operational and financial readiness for securitisation, management of the ratings process, through to launch and placement of the debt securities to investors.
Securitised term notes
Tradeable debt securities
Long-term financing 		Term debt securities issued from a securitisation program can finance a broad range of long term or short term assets. They may carry a fixed, floating or CPI indexed rate of interest. Terms can be from one to 25 years, either through amortisation, bullet repayment or pass through securities.
Asset Backed Commercial Paper (ABCP)
Short-term financing 		We can arrange short term funding via securities (<365 days) often as a precursor to, or separately to, a securitised arrangement.
Credit Linked Notes (CLNS)
Synthetic Risk Transfer
Non-funded securitisation
Long-term structure 		Debt instruments created using credit derivatives are often similar to securitised term notes. CLNs, utilising an off-balance sheet transfer of exposures, in some circumstances provide a more appropriate way to obtain recourse to the securitised assets than traditional securitisation methods.
Origination trusts
Warehouse trusts
Short-term financing 		We can arrange off-balance sheet, non-recourse funding for newly created assets until the portfolio grows to a size suited to a longer-term securitisation.
Interest rate risk management We help our clients manage their interest rate risk through swaps, options and GICs to reduce risks in funding arrangements.
Capital management We work with corporations, financial institutions, leasing businesses and governments in improving the management of their capital structures.

 

Contact us

 

Alan Cameron
Head of Origination and Structuring
Fixed Income and Currencies