George Bank now has an established securitisation programme with the capability of issuing into the Australian and global markets.
Crusade is also a significant issuer of asset backed commercial paper into the domestic market.
Assets supporting the issuance of CP are mostly rated AAA and include both Primary Market issues and Customer transactions. Apart from allowing St. George to diversify its funding sources, securitisation is also used as a capital management tool. The Crusade programme is managed within the Capital Markets division of Institutional and Business Banking. Bond Information Reuters and Bloomberg pages are updated quarterly to provide pool and bond information.