In Australia, a securitisation program must have:
A)a specifically created SPV, which is resident in Australia and which is not required to provide data to the Australian Prudential Regulation Authority (APRA)
B)a specifically created SPV, which may or may not be resident in Australia and which is not required to provide data to the Australian Securities and Investments Commission (ASIC) under the Financial Statistics (Collection of Data) Act
C)specifically selected assets (e.g.mortgages, receivables, etc.) backing its liabilities in the form of debt securities
D)a specifically created SPV, which is resident in Australia, which is not required to provide data to the Australian Prudential Regulation Authority and have specifically selected assets (e.g.mortgages, receivables, etc.) backing its liabilities in the form of debt securities

Question

Quizplus · Accepted Answer

The question outlines the requirements for a securitisation program in Australia. The best choice is option D as it includes all the criteria listed - specifically created SPV, resident in Australia, not required to provide data to APRA, and specific assets backing its liabilities in the form of debt securities. Option A is incorrect as it does not mention the requirement for specific assets. Option B is incorrect as it references ASIC instead of APRA, and may or may not be resident in Australia. Option C is incorrect as it does not mention the requirement for a specifically created SPV.

In Australia, a Securitisation Program Must Have