PROGRESS 2023-2 TRUST — Investor Relations & Filings

PROGRESS 2023-2 TRUST is a special purpose vehicle established for the purpose of a residential mortgage-backed securities (RMBS) transaction. The trust is part of a securitization program typically associated with Westpac Banking Corporation. Its core activity involves the acquisition of a pool of residential mortgage loans and the subsequent issuance of debt securities to institutional investors. These securities are collateralized by the underlying mortgage assets, with cash flows from the mortgage repayments used to fund interest and principal payments to noteholders. The trust provides a structured investment vehicle that allows for the management of credit risk and liquidity through various tranches of notes, catering to different investor risk appetites within the fixed-income market.