ISSUER PROFILES
FIRSTMAC
HUMMGROUP
AUSTRALIAN ADI
NO
AUSTRALIAN ADI
NO
SECURITISATION PROGRAMME NAME
FIRSTMAC MORTGAGE FUNDING TRUST
SECURITISATION PROGRAMME NAMES
FLEXI ABS, Q CARD TRUST
U S E OF S E C UR IT IS A T I O N TYPE OF SECURITISATION ISSUED
PRIME RMBS
PROPORTION OF OUTSTANDING WHOLESALE FUNDING SOURCED VIA SECURITISATION
78.9%
NUMBER OF SECURITISATIONS ISSUED
48
TOTAL VOLUME ISSUED
A$30.4BN
TOTAL DOMESTIC VS OFFSHORE ISSUANCE
91.6% DOMESTIC 8.4% OFFSHORE
OUTSTANDING VOLUME OF SECURITISED ISSUES
A$9.7BN
PROPORTION OF LOAN PORTFOLIO IN COVID-19 PAYMENT RELIEF AT 30 NOV 2020
2.5%
F
irstmac epitomises the successful impact nonbank lenders have had on the Australian home-loan market over the past two decades. Firstmac entered the market believing it could provide a better customer experience, and this belief remains central to the company’s culture. The Firstmac home-loan funding programme was established in 2002. The programme focused on innovation to provide home loans better tailored to customer needs, combined with enhanced online access to loan information and functionality, and always offered at the best price possible. Firstmac has established itself as one of the leading prime home-loan lenders in the Australian market. Since inception it has funded more than A$40 billion in home loans. Mortgages are available through independent brokers throughout Australia, and direct to customers by way of Firstmac’s online retail brand, www.loans.com.au. Firstmac also provides motorvehicle financing and a managed investment fund offering. Firstmac predominantly funds its lending through securitisation and is a leading and very highly regarded RMBS issuer, with average annual issuance of more than A$3 billion over the past five years. Firstmac RMBS transactions display benchmark loan-portfolio performance, underpinned by highquality borrower creditworthiness and loan securities, with 92% of all loan collateral having less than 80% loan-to-value ratio. The Firstmac group is privately owned. It is headquartered in Brisbane with offices in Sydney and Melbourne. ◆ please contact:
James Austin Chief Financial Officer +61 7 3017 8883 | james.austin@firstmac.com.au Paul Eagar Director, Securitisation +61 2 8579 8403 | paul.eagar@firstmac.com.au www.firstmac.com.au 98 · Australian Securitisation Journal | Issue 19_2021
USE OF SE CURI T I SAT I ON TYPE OF SECURITISATION ISSUED
ABS
PROPORTION OF OUTSTANDING WHOLESALE FUNDING SOURCED VIA SECURITISATION
48%
NUMBER OF SECURITISATIONS ISSUED
22
TOTAL VOLUME ISSUED
A$4.5BN EQUIVALENT
TOTAL DOMESTIC VS OFFSHORE ISSUANCE
>70% DOMESTIC
OUTSTANDING VOLUME OF SECURITISED ISSUES
A$1BN EQUIVALENT
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF AT 30 NOV 2020
0.4%
H
ummgroup (formerly flexigroup) is an Australian company listed on the Australian Securities Exchange since 2006 with operations spanning more than 30 years. Hummgroup provides a range of finance products and payment solutions to consumers and businesses through a network of retail and business partners. This includes revolving credit, buy-now, pay-later and SME lending, serving a broad footprint of millennial spenders, through to young families and SMEs. With operations in Australia, New Zealand and Ireland, hummgroup plays an important role facilitating payments in a range of industries in addition to traditional retail, including home improvement, solar energy, health, information technology, electrical appliances, travel and trade equipment. In addition to its 73,000 retail and commercial partners, hummgroup has more than 2.2 million customers, leading to A$2.5 billion of annual transaction volume. In Australia, hummgroup has been a regular ABS issuer under its Flexi ABS programme. In 2016, it was the first Australian corporate to issue green ABS to fund its solarenergy-related financing. Hummgroup has since issued more than A$470 million in green ABS across six transactions. In New Zealand, hummgroup is a frequent issuer under its Q Card Trust programme, the first revolving master-trust programme to be established in Australasia. Since 2014, more than NZ$1.1 billion of ABS has been issued under the programme with a New Zealand ABS market record NZ$300 million transaction issued in August 2019. ◆ please contact:
Bianca Spata Group Treasurer +61 416 062 039 | bianca.spata@humm-group.com Dennis Koh Senior Securitisation Manager +61 421 381 810 | dennis.koh@humm-group.com www.shophumm.com/humm-group
