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Pan Asian's management share their professional viewpoints on a variety of topics related to Hong Kong's mortgage market and the financial services industry, read more to browse on their publications
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SMART1 November 2008 Securities Report released
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On 9 December 2004, Pan Asian launched the SuperFirst Mortgage Asset Receivables Transactions 1 Limited ("SMART 1"),
a residential mortgage-backed securities ("RMBS") transaction backed by a HK$1.25 Billion portfolio of Hong Kong residential mortgages.
In the first deal of its kind, Pan Asian securitized a portfolio of mortgages with loan-to-values (LTV) greater than 100%.
Standard Bank Asia Limited was the Arranger and Book Runner for the transaction.
The transaction offered two classes of Notes,
a Class A tranche of HK$221 Million and a Class B tranche of HK$36 Million.
The Class A tranche was assigned ratings of Aa2 and AA- by Moody's and S&P
respectively while the Class B tranche was assigned a rating of BBB from S&P.
Additional Resources
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Press Releases
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Monthly Investor Reports
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