Assets
The activity of MTF Securities Limited (MTFS) is restricted by its constitution to purchasing loans originated by Motor Trade Finances Limited (MTF) shareholders to finance approved motor vehicle assets and the management of those loans under a securitisation programme established in 1995.
On 2 November 2010 MTF established a bank warehouse trust securitisation programme, a replacement funding vehicle for the MTFS programme. The MTFS programme was consequently amended so MTFS can not purchase receivables from MTF from this date. MTFS will continue to manage the receivables that remain in its name, funded by a Revolving Liquidity Facility supported by Commonwealth Bank of Australia and Westpac, until the maturity of that facility.