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Structural Features of Australian Residential Mortgage-backed Securities

Author

Listed:
  • Karl Stacey

    (Reserve Bank of Australia)

  • Ivailo Arsov

    (Reserve Bank of Australia)

  • In Song Kim

    (Reserve Bank of Australia)

Abstract

This article provides a summary of structural features typically found in Australian residential mortgage-backed securities and their evolution over the past decade. Understanding the structural features of the securities is essential to the effective risk management and valuation of the securities because these features determine how the risks of the securitised mortgages are borne by the different investors in the securities.

Suggested Citation

  • Karl Stacey & Ivailo Arsov & In Song Kim, 2015. "Structural Features of Australian Residential Mortgage-backed Securities," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 43-58, June.
    • Handle: RePEc:rba:rbabul:jun2015-06
    as

    Download full text from publisher

    File URL: https://www.rba.gov.au/publications/bulletin/2015/jun/pdf/bu-0615-6.pdf
    Download Restriction: no
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    References listed on IDEAS

    as
    1. Marc-Oliver Thurner & Alexandra Dwyer, 2013. "Partial Mortgage Prepayments and Housing Credit Growth," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 31-38, September.
    2. Adonis Antoniades & Nikola Tarashev, 2014. "Securitisations: tranching concentrates uncertainty," BIS Quarterly Review, Bank for International Settlements, December.
    Full references (including those not matched with items on IDEAS)

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