PROGRESS 2021-1 TRUST — Investor Relations & Filings

PROGRESS 2021-1 TRUST is a special purpose vehicle established for the purpose of a residential mortgage-backed securities (RMBS) transaction. It is part of the PROGRESS securitization program, which serves as a funding mechanism for residential mortgage loans originated by AMP Bank Limited. The trust's primary function involves the acquisition of a pool of residential mortgage assets and the issuance of debt securities to institutional investors. These securities are backed by the cash flows derived from the underlying mortgage portfolio. The trust structure allows for the partitioning of credit risk into different tranches, offering investors varying levels of credit enhancement and yield. By converting illiquid mortgage loans into tradable capital market instruments, the trust supports the originator's liquidity management and capital efficiency strategies.