The information reported relates to assets which have been sold, or otherwise originated, into commercial mortgage-backed securities (CMBS) securitisation programs.A securitisation program represents a structure (a special purpose vehicle, or SPV) where the cash flows from a pool (of assets, or interests in assets) are used to service obligations to creditors (typically holders of debt securities) who fund the SPV.

The information reported relates to the exposure arising from assets that a) have been transferred to a special purpose vehicle (SPV) for the purposes of securitisation, but which have not been derecognised from the balance sheet under Australian Accounting Standards and b) where the securitisation is not solely for the purpose of using the securities created as collateral in order to obtain funding via a repurchase agreement with the Reserve Bank of Australia. A securitisation is a financing structure where the cash flow from a pool is used to make payments on obligations to at least two tranches or classes of creditors (typically holders of debt securities), with each tranche or class entitled to receive payments from the pool before or after another class of creditors, thereby reflecting different levels of credit risk.

The information reported relates to assets which have been sold, or otherwise originated, into any securitisation program other than any of the following:- Warehouse ABCP, being warehouse structures that will predominately issue commercial paper with an original maturity of one year or less that is backed by assets or other exposures held in bankruptcy-remote, special purpose entity. Warehouses are structures that accumulate exposures until a sufficiently large pool is available for issuance of securities to the market in a securitisation.- other Warehouse, being special purpose vehicles (SPVs) other than those deemed asset-backed commercial paper (ABCP) warehouse SPVs.- asset-backed commercial paper (ABCP) securitisation programs. An ABCP program predominately issues commercial paper with an original maturity of one year or less that is backed by assets or other exposures held in bankruptcy-remote, special purpose entity.- commercial mortgage-backed securities (CMBS) securitisation programs.- residential mortgage-backed securities (RMBS) securitisation programs.- synthetic securitisation program, being a securitisation whereby only the credit risk, or part of the credit risk, of a pool is transferred to a third party, which need not necessarily be a SPV.A securitisation program represents a structure (a special purpose vehicle, or SPV) where the cash flows from a pool (of assets, or interests in assets) are used to service obligations to creditors (typically holders of debt securities) who fund the SPV.

The information reported relates to assets which have been sold, or otherwise originated, into synthetic securitisation programs.A securitisation program represents a structure (a special purpose vehicle, or SPV) where the cash flows from a pool (of assets, or interests in assets) are used to service obligations to creditors (typically holders of debt securities) who fund the SPV.A synthetic securitisation represents a securitisation whereby only the credit risk, or part of the credit risk, of a pool is transferred to a third party, which need not necessarily be a SPV.

The information reported relates to assets which have been sold, or otherwise originated, into warehouse special purpose vehicles (SPVs) other than those deemed asset-backed commercial paper (ABCP) Warehouse SPVs.A Warehouse SPV represents a structure that accumulates exposures until a sufficiently large pool is available for issuance of securities to the market in a securitisation.An asset-backed commercial paper (ABCP) program predominately issues commercial paper with an original maturity of one year or less that is backed by assets or other exposures held in bankruptcy-remote, special purpose entity.