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Presale: Medallion Trust Series 2013-1 Feb 13 Product Image

Presale: Medallion Trust Series 2013-1 Feb 13

  • Published: 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

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- Medallion Trust Series 2013-1

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