RBA Announces Further Changes to Publicly Available Data

Perpetual Corporate Trust

On 25 June 2015, the RBA advised on further changes to the data availability requirements of RMBS Issuance. The RBA notice advised on material changes to way the data is to be publicly reported for both internal securitisations and marketed securities. These changes include:

  1. For internal securitisations, issuers will be required make available to permitted users a pool level summary of the loan level information. Issuers will not have to make available loan level information.
  2. For marketed securities, issuers will be able to redact a number of loan level fields in the information they provide to permitted users, other than academics, for the first three monthly submissions after 30 June 2015.

The new implementation notice highlighted the ongoing the issues still be resolved with regard to the publication of securitisation data. The Australian Securitisation Forum (ASF) RMBS Issuer Working Group is working through outstanding matters with the RBA, including the finalisation of the status of certain loan level data fields for which a temporary reporting exemption was granted up to September 2015.

See the full RBA announcement here.

The ASF also engaged Ashurst to develop an ASF Deed of Confidentiality as an industry standard template. This Deed is intended to govern the provision of loan level RMBS information to Permitted Users. This is available for ASF members to use. For a copy of the deed, contact the ASF Office via asf@securitisation.com.au or call 02 8243 3900.

For investors and other market participants who wish to access the RBA data on ABSPerpetual, please contact the relevant issuers directly to request permission.