Volume 5, Issue 3

The purpose of this article is to examine the mechanics of and the structuring issues in a residential mortgage securitisation program in Australia. It focuses on practical issues, such as the structure of the RMBS program; procedural aspects of the mortgage origination process; the establishment of the SPV and the transfer of the lender's rights to it; the issuance of the mortgage-backed bonds; the credit enhancement mechanisms that are available; and related operational aspects, such as the appointment of a fund manager or other ancillary service providers. Finally, the article summarises the process of structuring a RMBS program and identifies the key issues that arise throughout the process that may be addressed through further research.

The Government of the Republic of Croatia, on the proposal of the Council for Protection of Market Competition, enacted the regulation on notification and concentration assessment criteria. Croatian Competition Act - CCA (2003) stipulates the rules and the system of measures for the protection of competition, regulates the powers, duties and the organisation of the authorities entrusted with the protection of competition, as well as the procedure for the implementation of this Act.