**EXHIBIT
      33.2**




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                ME
                    Portfolio Management Limited
                  ABN
                    79 005 964 134
                  Level
                    16, 360 Collins Street
                  Melbourne
                    Vic 3000
                  Telephone
                    03 9605 6000
                  Facsimile
                    03 9605 6200
                  www.membersequitybank.com.au
                  GPO
                    Box 1345
                  Melbourne
                    Vic 3001
  **REPORT
          ON ASSESSMENT OF COMPLIANCE WITH REGULATION AB SERVICING
          CRITERIA**




ME
      Portfolio Management Limited (the " **Asserting
      Party** ")
      is
      responsible for assessing compliance as of June 30, 2007 and for the period
      from
      October 11, 2006 (the date of issuance of the SMHL Global Fund No. 9 transaction
      subject to the requirements of Regulation AB) to June 30, 2007 (the
      " **Reporting
      Period** ")
      with
      the servicing criteria set forth in Section 229.1122(d) of the Code of Federal
      Regulations (the " **CFR** "),
      except for criteria 229.1122(d)(1)(iv), 229.1122(d)(2)(i), 229.1122(d)(2)(vi),
      229.1122(d)(4)(iv)-(v), 229.1122(d)(4)(vii)-(viii) and 229.1122(d)(4)(x)-(xiii)
      in the CFR, which have not been determined pursuant to the transaction documents
      to be, and the Asserting Party has concluded are not, servicing criteria that
      the Asserting Party performs, or in which the Asserting Party participates,
      in
      relation to the asset-backed securities transactions covered by this report
      (the
      " **Applicable
      Servicing Criteria** ").
      The
      transactions covered by this report include asset-backed securities transactions
      for which the Asserting Party served as servicer that are backed by the same
      asset type backing the class of asset-backed securities of SMHL Global Fund
      No.
      9 (including the SMHL Global Fund No. 9 and the SMHL Global Fund 2007-1
      asset-backed securities transactions), that were completed on or after January
      1, 2006 and that were registered with the U.S. Securities and Exchange
      Commission pursuant to the U.S. Securities Act of 1933 (the " **Platform** ").





The
      Asserting Party has assessed its compliance with the Applicable Servicing
      Criteria as of June 30, 2007 and for the Reporting Period and has concluded
      that
      the Asserting Party has complied, in all material respects, with the Applicable
      Servicing Criteria with respect to the Platform taken as a whole.





Deloitte
      Touche Tohmatsu, an independent registered public accounting firm, has issued
      an
      attestation report on the assessment of compliance with the Applicable Servicing
      Criteria as of June 30, 2007 and for the Reporting Period as set forth in this
      assessment.




ME
              PORTFOLIO
              MANAGEMENT LIMITEDDate:
                September 28, 2007By:
            /s/ Paul
              GarveyName:
                Paul Garvey
              Title:
                Manager - Financial Markets