In Australia, a Securitisation Program Must Have

question 49

Multiple Choice

In Australia, a securitisation program must have:

• A)a specifically created SPV, which is resident in Australia and which is not required to provide data to the Australian Prudential Regulation Authority (APRA)
• B)a specifically created SPV, which may or may not be resident in Australia and which is not required to provide data to the Australian Securities and Investments Commission (ASIC) under the Financial Statistics (Collection of Data) Act
• C)specifically selected assets (e.g.mortgages, receivables, etc.) backing its liabilities in the form of debt securities
• D)a specifically created SPV, which is resident in Australia, which is not required to provide data to the Australian Prudential Regulation Authority and have specifically selected assets (e.g.mortgages, receivables, etc.) backing its liabilities in the form of debt securities

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Definitions:

Wire Fence

A wire fence is a boundary or barrier made from interconnected strands of wire, often used for security or to contain livestock.

Supervision

The act of overseeing or directing work, people, or activities to ensure that certain standards or goals are met.

Unlocked

Not secured or fastened; often refers to items, devices, or systems that can be accessed without a key or code.

Strict Liability

A legal doctrine where a party is held responsible for damages or loss, regardless of fault or intent.