Page 445 - 2019 6th AFIS & ASMMA

▧ Securitization

SMC purchases quality housing loans from financial institutions and
property entrepreneurs from the primary market and securitize such loans
by issuing Mortgaged-Backed Securities (MBS) or other instruments and sell
to local and overseas investments.
- Volume of MBS issued : 23.283 Billion Baht (2004-2016)
Thailand - Outstanding balance of MBS : 12.525 Billion Baht (As of 2018)

▧ Support of long-term, fixed-rate housing loans
To facilitate the public to have their own houses at lower risk of fluctuating
interest rates.
- 10-Year Fixed-Rate Mortgage Products
| COMPANY |
Secondary Mortgage Corporation

| President |
Wasukarn Visansawatdi

» Vision
To serve as a mechanism for long-term fund mobilization for the expansion
of housing finance.

» Main Business Session I
▧ Housing loan purchase as portfolio investment
SMC purchases quality housing loans from financial institutions and
property entrepreneurs from the primary market. Such purchase facilitates
liquidity and reduces risks in the primary market. Such purchase is an
investment in a form of SMC’s assets.
- Total purchasing amount from to 2011 - 2018 : 26.712 Billion Baht
- Outstanding balance of loan portfolio : 16.725 Billion Baht (As of 2018)

446 2019 6th AFIS & ASMMA Annual Meeting 447