AIMS Securitisation is the Trust Management arm within the AIMS group of companies and is responsible for all mortgage related funding activities for the AIMS Group. AIMS Securitisation has extensive experience in arranging mortgage securitisation activities for the AIMS Group and in setting up its own securitisation funding capability.
AIMS Securitisation arranged and structured its first Warehouse Trust facility through a Master Trust structure in 2002. In 2004, AIMS Securitisation arranged and structured a second warehouse facility and had total committed warehouse funding facilities of $1.3 billion.
In 2004, AIMS Securitisation was the Arranger and Issuer for a $580 million domestic RMBS transaction. In 2005, AIMS Securitisation successfully completed $400 million RMBS bond deal and in 2007 AIMS complete $350 million RMBS bond deal. AIMS Securitisation takes a lead role in arranging each AIMS bond issue including appointing of Lead Managers and actively participating in Investor Road shows. In the 7 years to 2007, AIMS has raised directly and indirectly about AUD 3 Billion in funds from the capital markets, with most of the RMBS rated AAA by both Standard & Poors and Fitch Ratings.
AIMS Securitisation's in-depth experience in the bond issuance process includes developing cash-flow models to project the performance of mortgage loan assets under varying prepayment assumptions which is critical in the overall transaction structuring process.
As Trust Manager, AIMS Securitisation is also responsible for implementing and managing the Information Systems vital to the management of loan portfolios and provision of accurate arrears management as well as investor collateral reporting.
AIMS Securitisation Pty Limited holds an Australian Financial Services Licence (AFS Licence Number: 287846) granted by the Australian Securities and Investments Commission (ASIC). As an AFS License holder, AIMS Securitisation is authorised to offer and provide to its clients certain financial products and services in accordance with strict compliance standards introduced by ASIC.
AIMS Securitisation manages a number of warehouse facilities and public bond trusts daily. In the normal course of a month the Trusts typically demand the processing of up to 10 bond or CP Coupon Payment cash flow reports as well as providing monthly collateral reporting to Investors, Trustees and Rating Agencies. AIMS Securitisation is also finalising a Net Interest Margin Trust which will allow AIMS to access funds against the future cash flow of its portfolio.
The following is a part of AIMS structured finance ratings on residential mortgage-backed securities rated by Standard & Poor's.
|AUD162.5 mil class A1 fltg 1 mth BBSW +0.22% nts due nts Jul 2033||AAA|
|AUD403.5 mil class A2 fltg 1 mth BBSW +0.36% nts due nts Jul 2033||AAA|
|AUD14 mil class B fltg 1 mth BBSW +0.65% nts due nts Jul 2033||AA|
|AUD200 mil class A1 fltg 1 mth BBSW +0.22% nts due nts Jul 2035||AAA|
|AUD268 mil class A2 fltg 1 mth BBSW +0.31% nts due nts Jul 2035||AAA|
|AUD100 mil class A3 fltg 1 mth BBSW +0.37% nts due nts Jul 2035||AAA|
|AUD18 mil class B fltg 1 mth BBSW +margin nts due nts Jul 2035||AA|
|AUD387.2 mil class A1 fltg 1 mth BBSW +0.22% nts due nts Jul 2036||AAA|
|AUD12.8 mil class B fltg 1 mth BBSW +margin nts due nts Jul 2036||AA|
|AUD329.7 mil class A1 fltg 1 mth BBSW +0.17% nts due nts Jul 2036||AAA|
|AUD16.3 mil class B fltg 1 mth BBSW +margin nts due nts Jul 2036||AA|
|AUD Unlimited fltg due Sep 2034||AA|