• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Presale: Medallion Trust Series 2013-1 Feb 13 Product Image

Presale: Medallion Trust Series 2013-1 Feb 13

  • ID: 2417480
  • February 2013
  • Standard & Poors

Abstract
Expected closing date: March 11, 2013 Final maturity date: Aug. 22, 2045 Class A3 refinance date: Feb. 22, 2018 Issuer trustee: Perpetual Trustee Co. Ltd. as trustee for the Medallion Trust Series 2013-1 Structure type: Prime residential mortgage-backed securities Collateral: Fully amortizing and interest-only reverting to amortizing Australian dollar loans to prime-quality borrowers, maturing no later than 18 months before the final maturity date, secured by first-registered mortgages over Australian residential properties, or second-registered mortgages where the first-registered mortgages are also being acquired by the trust. Primary credit enhancement: Lenders' mortgage insurance on 22.7% of the portfolio covering the principal value of the loans, plus accrued interest and reasonable costs of enforcement. For the class A notes, the subordination of...

Companies mentioned in this report are:
- Medallion Trust Series 2013-1

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

Note: Product cover images may vary from those shown

RELATED PRODUCTS