On 9 September, the AOFM announced that it plans to use the ABSF to support the development of the market for public term securitisation transactions backed by SME lending by reducing execution risk.
The AOFM will consider proposals to partially underwrite senior tranches of potential public transactions. It will also consider underwriting mezzanine tranches with an investment grade credit rating.
The AOFM also announced that it may, at its discretion, waive some of the proposal submission requirements for term public transactions where the AOFM is familiar with the proponent from past proposals. For public term transactions, it will waive the prescription on making submissions within six months of a previous submission.
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