from
S&P Credit Research4592 word report
published Nov 08, 2009
Price
$400.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | Expected closing date: November 2009 Final maturity date: Nov. 7, 2040 Collateral: Fully amortizing Australian dollar loans to prime-quality borrowers, maturing no later than one year before the final maturity date, secured by first-registered mortgages over Australian residential properties. Structure type: Prime residential mortgage-backed, pass-through securities. Issuer: Perpetual Ltd as trustee for SMHL Securitisation Fund 2009-3 Primary credit enhancement: Lenders' mortgage insurance covering 100% of the principal balance of all loans, plus accrued interest and reasonable costs of enforcement. About 38.1% of the policies are endorsed with at least 12 months' timely payment cover. For the class A1R and A1 notes, the subordination of the class AB and class B notes. For the class AB notes, the subordination of the
|
| Brief Excerpt: | RESEARCH Ratings Definitions Presale: SMHL Securitisation Fund 2009-3 Publication date: 08-Nov-2009 Primary Credit Analyst: Camille Diafas, Melbourne (61) 3-9631-2096; camille_diafas@standardandpoors.com This presale report is based...
|
| Report Type: | Full Report
|
| Sector: | Global Issuers, Structured Finance
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
