• Pelma RajapakseEmail author
  • Shanuka Senarath


This chapter is devoted to introducing the concept of residential mortgage-backed securities (RMBSs). The discussion begins by introducing the nature of asset securitisation and explaining the contemporary market for RMBS in Australia. This chapter engages in a quick glance at the financial benefits of asset securitisation, especially RMBS, while explaining the basic structures of RMBS programmes. The rest of the chapter explains the mechanism behind an RMBS programme by utilising a real-life RMBS programme, incorporating diagrams as required. The chapter also explains the objectives, scope, structure, and the contribution of this book.


Residential mortgage-backed securities (RMBSs) Asset securitisation Benefits of asset securitisation Structure and mechanism of RMBSs Assignment programme Conduit programme 


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Griffith UniversityBrisbaneAustralia
  2. 2.University of ColomboColomboSri Lanka

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