Finalisation of the Cash Flow Waterfall Template for Repo-Eligible Residential Mortgage Backed Securities (RMBS)

Media Release Number 2013-14: The Reserve Bank of Australia is today publishing the finalised Cash Flow Waterfall Reporting Template for Repo-Eligible RMBS. The template is one of four new reporting templates that will need to be completed for RMBS to be considered for eligibility for repurchase agreement (repo) with the Reserve Bank from 31 December 2014.

RBA/ESA Economics Competition 2013

Media Release Number 2013-09: The Reserve Bank of Australia today launches its 2013 RBA/ESA Economics Competition in conjunction with the Economic Society of Australia (ESA) and the UNSW Economics Society. The competition is for Australian university students and each year challenges them to examine important and topical economic issues affecting Australia.

Finalisation of New Eligibility Criteria for Residential Mortgage Backed Securities

Media Release Number 2013-08: In October 2012, the Reserve Bank announced that it would be introducing new criteria for eligibility of residential mortgage backed securities (RMBS) in its operations. This reflects the Bank’s desire to receive more comprehensive and standardised information on the RMBS that are eligible under repurchase agreements (repo), and to promote broader transparency in the securitisation market. At that time, the Bank released, for comment, the reporting templates that issuers of RMBS will need to complete and make publicly available for their securities to be eligible for repo with the Bank (for details see Media Release 2012-31). The consultation period closed on 28 December 2012.