The AOFM, or Australian Office of Financial Management, is a government agency that is responsible for managing the Australian Government's
debt and financial
assets. The AOFM also plays a role in the
securitisation market in Australia.
The AOFM can securitise its own assets, such as government bonds, and it can also invest in securitisations issued by other entities. The AOFM's involvement in the securitisation market helps to provide liquidity and depth to the market, and it also helps to reduce the cost of borrowing for Australian businesses and households.
The AOFM has a number of securitisation programs, including the following:
The Australian Business Securitisation Fund (ABSF): The ABSF is a $2 billion fund that was established by the Australian Government in 2018 to support the securitisation of loans to small and medium-sized enterprises (SMEs). The ABSF has invested in a number of securitisation transactions, and it has helped to provide much-needed funding to SMEs.
The Structured Finance Support Fund (SFSF): The SFSF is a $15 billion fund that was established by the Australian Government in 2020 to support the securitisation of loans to businesses impacted by the COVID-19 pandemic. The SFSF has invested in a number of securitisation transactions, and it has helped to keep businesses afloat during the pandemic.
The AOFM's involvement in the securitisation market has helped to make Australia a more attractive place for businesses to raise capital. The AOFM's securitisation programs have also helped to support the Australian economy during difficult times.