PT SMF Persero can act as the issuer of Asset-Backed Securities, especially those that guaranteed by mortgages - Residential Mortgage-Backed Securities
In accordance with its goal of establishment, in 2009 SMF has managed to do the securitization process of BTN mortgages. At first, the approach is done according to Presidential Decree No. 19 in 2005, which is securitization using SPV (Special Purpose Vehicle). However, because the Implementation Guidelines that available at Bapepam as capital market authority for securitization transactions that currently being implemented are using Collective Investment Contract (KIK) mechanisms, then finally being implemented through KIK that's formed by Investment Manager and Custodian in accordance with existing regulations. After Financial Service Authority Regulation (POJK) No.23/POJK.04/2014 was issued by Financial Service Authority on November 19th, 2014, The Company was assigned as Issuer of ABS - Participation Certificate, beside as Arranger, Credit Enhancer and Investor. ABS - Participation Certificate is a structure of ABS that's specifically intended for mortgage securitization (Based on POJK No.23/POJK.04/2014).
Nama EBA | Tanggal Penerbitan | Penerbit | Tranches | Nominal (Rp Miliar) | Peringkat | Kupon | Tenor (Tahun) |
EBA DSMF01 | 11 Februari 2009 | KIK EBA Danareksa-BRI | Kelas A Kelas B |
100 11 |
AAA.id (Moody) Unrated |
13% | 5 |
EBA DSMF02 | 10 November 2009 | KIK EBA Danareksa-BRI | Kelas A Kelas B |
360 31 |
IdAAA (Pefindo) Unrated |
11% | 5 |
EBA D BTN01 | 27 Desember 2010 | KIK EBA Danareksa-Bank Mandiri | Kelas A Kelas B |
688,5 61,5 |
IdAAA (Pefindo) Unrated |
9,25% | 5 |
EBA D BTN02 | 17 November 2011 | KIK EBA Danareksa-Bank Mandiri | Kelas A Kelas B |
645 58 |
IdAAA (Pefindo) Unrated |
8,75% | 5 |
EBA D BTN03 | 13 Desember 2012 | KIK EBA Danareksa-Bank Mandiri | Kelas A Kelas B |
925 75 |
IdAAA (Pefindo) Unrated |
7,75 | 5 |
EBA D BTN04 | 20 Desember 2013 | KIK EBA Danareksa-Bank Mandiri | Kelas A1 Kelas A2 Kelas B |
403 525 72 |
IdAAA (Pefindo) IdAAA (Pefindo) Unrated |
8,90% 9,50% |
3 5 |
EBA D BTN05 | 3 Desember 2014 | KIK EBA Danareksa-Bank Mandiri | Kelas A1 Kelas A2 Kelas B |
723,5 647,5 129 |
IdAAA (Pefindo) IdAAA (Pefindo) Unrated |
10,00% 10,25% |
2 5 |
EBA-SP SMF BTN01 | 27 November 2015 | SMF | Kelas A Kelas B |
181,6 18,4 |
IdAAA (Pefindo) Unrated |
8,60% | 4 |
EBA-SP SMF BMRI01 | 25 Agustus 2015 | Kelas A1 Kelas A2 Kelas B |
103,5 353 43,5 |
IdAAA (Pefindo) IdAAA (Pefindo) Unrated |
8,60% 9,10% |
3 5 |
|
EBA-SP SMF BTN02 | 31 Oktober 2016 | SMF | Kelas A1 Kelas A2 Kelas B |
400 513 87 |
IdAAA (Pefindo) IdAAA (Pefindo) Unrated |
8,15% 8,75% |
2 5 |
EBA-SP SMF BTN03 | 28 April 2017 | SMF | Kelas A1 Kelas A2 Kelas B |
200 713 87 |
IdAAA (Pefindo) IdAAA (Pefindo) Unrated |
8,00% 8,40% |
2 4 |
EBA-SP SMF BTN04 | 28 Februari 2018 | SMF | Kelas A1 Kelas A2 Kelas B |
700 1.124 176 |
IdAAA (Pefindo) IdAAA (Pefindo) Unrated |
7,00% 7,50% |
2 5 |
EBA-SP SMF BTN05 | 27 November 2019 | SMF | Kelas A1 Kelas A2 Kelas M Kelas B |
574 1.142 24 260 |
IdAAA (Pefindo) IdAAA (Pefindo) IdAAA (Pefindo) Unrated |
8,50% 8,75% 10,40% |
2 5 8,4 |
EBA-SP SMF BTN06 | 30 Desember 2020 | SMF | Kelas A Kelas B |
576,7 54,3 |
IdAAA (Pefindo) Unrated |
6,50% | 3 |
EBA-SP SMF BTN07 | 23 Desember 2022 | SMF | Kelas A Kelas B |
452,5 47,5 |
IdAAA (Pefindo) Unrated |
7,70% | 3 |
EBAS-SP SMF-BRIS01 | 8 Juni 2023 | SMF | Kelas A Kelas B |
297,7 27,3 |
IdAAA
(Pefindo)
Unrated |
7,00% | 4 |
Some benefits that need to be considered in Asset Backed Securities (ABS) as a securitization product: