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The asset-backed commercial paper (ABCP) issued by AussieMac Pty Ltd is rated A-1+ (short-term) by Standard & Poor’s.
Key factors behind the Standard & Poor’s rating are:
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The credit quality of the collateral backing AussieMac ABCP;
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the provision of a liquidity facility, which covers the timely redemption of AussieMac ABCP, any temporary liquidity shortfalls arising from delinquent mortgages or delays in claim payments from mortgage insurers on defaulted mortgages, and any costs associated with title perfection;
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the provision of a cash-advance facility, which covers both potential title perfection costs and any temporary liquidity shortfalls arising from delinquent mortgages or delays in claim payments from mortgage insurers on defaulted mortgages, to the extent they are not covered by the liquidity facility; and
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adequate interest rate risk protection through match funding and threshold rate mechanisms.
As Program Administrator of the AussieMac Program, AssetBacked Finance issues A-1+ rated AussieMac ABCP direct to a select panel of institutional investors.
For more information on how to become an investor in A-1+ rated AussieMac ABCP or to find out more about the historical performance of both AussieMac ABCP and the collateral backing the ABCP, contact Michael Flanagan on (07) 3233 1002 or contact us by e-mail.
To download the Standard and Poor’s rating report please click here. | 
