Search: securitisation
RBA Glossary definition for securitisation
securitisation – Asset securitisation is the process of converting a pool of illiquid assets, such as residential mortgages, into tradeable securities.
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Appendix C: Full Results
13 Dec 2022
RDP
2022-07
May. Jun. Jul. Aug. Sep. Oct. Self-securitisation adequacy. 0.001. (0.000). 0.001. ... May. Jun. Jul. Aug. Sep. Oct. Self-securitisation dummy. 0.304. (0.099). 0.304.
https://www.rba.gov.au/publications/rdp/2022/2022-07/appendix-c.html
Appendix B: Coefficient Figures
13 Dec 2022
RDP
2022-07
Self-securitisation adequacy, regression coefficient. Note: Whiskers show Anderson–Rubin 95 per cent confidence intervals. ... Self-securitisation binary, regression coefficient. Notes: Whiskers show 95 per cent confidence intervals. The filled
https://www.rba.gov.au/publications/rdp/2022/2022-07/appendix-b.html
The Term Funding Facility: Has It Encouraged Business Lending?
13 Dec 2022
RDP
2022-07
By pledging self-securitisations, banks could avoid the need to fund the acquisition of other collateral. ... Indeed, self-securitisations constituted over 90 per cent of collateral pledged for the TFF by value.
https://www.rba.gov.au/publications/rdp/2022/2022-07/full.html
Policy Design and Background
13 Dec 2022
RDP
2022-07
By pledging self-securitisations, banks could avoid the need to fund the acquisition of other collateral. ... Indeed, self-securitisations constituted over 90 per cent of collateral pledged for the TFF by value.
https://www.rba.gov.au/publications/rdp/2022/2022-07/policy-design-and-background.html
Appendix A: Data Description
13 Dec 2022
RDP
2022-07
To avoid endogeneity issues we use data as at May 2020, prior to some banks establishing self-securitisations to facilitate accessing the TFF.
https://www.rba.gov.au/publications/rdp/2022/2022-07/appendix-a.html
References
13 Dec 2022
RDP
2022-07
Kohler M (2021), ‘Australian Securities Markets Through the Pandemic’, Keynote Address to the Australian Securitisation Forum Virtual Conference 2021, Online, 23 November.
https://www.rba.gov.au/publications/rdp/2022/2022-07/references.html
Identification Strategies, Challenges and Assumptions
13 Dec 2022
RDP
2022-07
It is likely that, in net terms, the effect of the Structured Finance Support Fund and low cost of securitisation issuance would support non-banks' business lending relative to banks' lending. ... securitisations). As such, banks with self-securitised
https://www.rba.gov.au/publications/rdp/2022/2022-07/identification-strategies-challenges-and-assumptions.html
The International Context
13 Dec 2022
RDP
2022-07
This included the TFF which, as discussed above, allowed banks to post self-securitisation notes for funding (avoiding a drain on their liquid assets or the need to borrow to purchase
https://www.rba.gov.au/publications/rdp/2022/2022-07/the-international-context.html
Did a Lender's Take-up of the TFF Affect Their Business Lending?
13 Dec 2022
RDP
2022-07
s self-securitisations (the value of self-securitised assets as a share of the bank's total cash limit). ... Self-securitisation binary, regression coefficient. Note: Whiskers show Anderson–Rubin 95 per cent confidence intervals.
https://www.rba.gov.au/publications/rdp/2022/2022-07/did-a-lenders-take-up-of-the-tff-affect-their-business-lending.html