What can we help you find?
Your search had no results
Please try the following to find what you’re looking for:
- Check your spelling
- Try different words or word combinations (E.g. "fund form")
35+ years of securitisation leadership
Trusted structures and execution for issuers and investors.
Confidence in every deal
Whether you issue RMBS, ABS or CMBS - or run internal securitisation or debt-financing programs - you need more than a service provider. You need a partner who can open access to capital markets with confidence, speed and control.
For more than 35 years, Perpetual Corporate Trust has been that partner. We help Australia’s banks, non-banks, mutuals and fintechs who originate funding across deposits, wholesale markets and securitisation - backed by end-to-end execution, strong governance and deep market insight.
With one of the country’s largest specialist trustee teams, years of experience and governance frameworks strengthened by automation and digital tooling, we help issuers lift performance, meet regulatory expectations and deliver the certainty investors rely on - across every structure and every cycle.
What we do
Our trustee and security trustee services team provides the experience, governance capability and operational strength required to set up, manage and oversee complex structured finance vehicles. We support issuers with establishing trusts, administering ongoing obligations, and ensuring that all payments, reporting and asset movements are handled with precision.
We also support offshore issuance through bond safekeeping and risk-retention solutions, backed by strong controls, consistent processes and deep knowledge of securitisation and structured finance markets.
Trusted at the centre of Australia’s securitisation market
Since January 2025, our Debt Market Services team has supported 97 securitisation transactions, totaling $59 billion in issuance. Every deal reflects the trust clients place in us to deliver secure trustee, security-trustee, custodial, trust-management and reporting services that keep Australia’s securitisation market operating with confidence and transparency.
Trustee
- Establish and administer trusts, ensuring all requirements are met under the transaction documents
- Issue notes and hold legal ownership of underlying assets
- Disburse trust monies to noteholders and counterparties with straight-through processing
- Maintain the register of noteholders
- Act as legal bank account owner and monitor all payments
- Acquire or dispose of authorised investments
- Appoint auditors and key counterparties
- Draw on support facilities as required
- Review and sign annual tax returns
- Execute swap confirmations and manage related documentation
- Supported by modern digital tooling (including Perpetual Intelligence) to strengthen accuracy, controls and auditability
- Holds a charge over the trust’s assets on behalf of beneficiaries and investors
- Release of assets as required / permitted under the transaction documents
- Manage the distribution of proceeds from the disposal of assets
- Experience in managing distressed deals
Document accuracy and security are critical to protecting the interests of trusts and their stakeholders. We are one of the largest document custody providers to Australia’s major financial institutions.
Our state-of-the-art records management system enables flexible, secure and efficient handling of documentation - from receipt and verification through to long-term storage.
Robust document custody at scale
We safeguard more than 1.4 million loan security packets either electronically or in secure vaults in Sydney and Melbourne.
We verify loan security documentation accuracy and completeness for approximately 26,000 loans per month and release of approximately 12,000 loan security each month monthly average in 2025).
Access our Client Document Custody Portal.
How we safeguard and manage your security documents
- Physical and electronic custody of securities documents (Sydney & Melbourne)
- State of the art system for tracking and managing security packets – Content Manager
- Validation and custodian of assets to ensure enforceability – (check and balance)
- Follow up panel solicitors for packet return and/or for corrected documentation
- Barcode each packet and track movement within the perpetual office and externally
- Bond safekeeping to meet risk-retention requirements for regulatory requirement
When markets shift, certainty matters. As Australia’s largest trustee and warm standby servicer, Perpetual Corporate Trust provides the operational continuity, governance discipline and fiduciary oversight needed to protect investors and keep funding structures stable.
Our warm standby model ensures we can step in to maintain collections, stabilise operations and safeguarde trust cashflows. We invest deeply in understanding each client’s servicing environment so we can act quickly, accurately and in the best interests of funders and investors.
Standby servicing in action
Standby servicing: protecting trusts when it matters most
When markets shift, trust is tested. As Australia’s largest trustee and warm standby servicer, Perpetual Corporate Trust provides the operational continuity, governance discipline and fiduciary oversight that earn and uphold investor trust, keeping funding structures stable when it matters most.
In this video, Michael McCubbin, Head of Debt Market Solutions, outlines how PCT's warm standby servicing model keeps portfolios running, cashflows secure and investor confidence intact - backed by Australia’s largest trustee and a team experienced in stepping in when it counts.
From disruption to stability
When the unthinkable happens, standby servicing becomes the difference between disruption and stability. In this short video, Perpetual Corporate Trust’s standby servicing specialists share how they step in during a liquidation event, protect investor interests, and keep cashflows moving.
Managing multiple failure scenarios
After strong client and investor engagement with our recent overview of standby servicing, this session dives deeper into what really happens when multiple failures occur. Featuring Perpetual’s Michael McCubbin, Head of Debt Market Solutions, and Verofi’s Mike Dilworth, we explore how a warm standby servicer steps in, restores stability and safeguards the trust structure — even in the most complex scenarios.
Standby all your questions answered
Proven standby servicing at scale
How warm standby servicing restores stability
We partner with clients annually, or biannually, to document a comprehensive Standby Servicing Plan that captures every critical detail of their operations. This includes:
- Current policies, procedures and system workflows
- Product and portfolio information
- Servicing manuals, authority levels and organisational structures
- Data, reporting and cash management processes
Our comprehensive plans capture the true operational DNA of the client - ensuring we can step in effectively when required.
- Largest provider in Australia, with more than 60 warm standby servicing plans
- Coverage across RMBS, ABS, auto, equipment and personal loans
- Standby servicing team with real step in experience and expertise
- Ability to stabilise operations, manage stakeholders and transition to a long-term servicer when needed
- Strong alignment between trustee, trust manager and standby servicer, improving access to data and real-time oversight
- Ultimately, issuers, funders and investors trust Perpetual because we deliver continuity when it matters most protecting cashflows, maintaining confidence and preserving asset quality through disruption.
Our trust management and accounting teams manage over $50 billion across 200+ trusts, delivering the governance, reporting and control frameworks that underpin Australia’s securitisation market. We work across RMBS, ABS, trade receivables, credit cards, personal loans and emerging asset classes, supporting issuers of all sizes- from major institutions to fast-growing non-banks.
Where expert teams and intelligent systems work as one
Behind every trust, a team you can rely on
We act as the first line of defense for each trust - ensuring accurate calculations, correct allocation of funds, and transparent reporting to trustees, rating agencies and investors. Outsourcing trust management to Perpetual Corporate Trust gives clients confidence, continuity and the freedom to focus on growing their portfolios.
Watch how our Trust Management specialists help keep your business running smoothly.
Future-ready capabilities
Our teams helped shape the design of the Perpetual Intelligence trust management solution - technology that now enhances our own operations and also available to clients. By increasing automation, strengthening controls and reducing operational risk, we can deliver higher-quality reporting, deeper insights and greater scalability as our clients and the market continue to grow.
Trust Management - digitising funding, trust management and reporting
- Independent cash flow models and waterfall calculations
- Monthly determinations, payments, notices and directions
- Detailed stratification and performance reporting
- RBA-compliant model development, including VBA waterfalls and WAL calculations
- Financial and tax reporting for trusts
- Statutory financial statements and special-purpose annual reports
- Monthly and quarterly reporting
- Maintaining accounts in line with Australian Accounting Standards
- Tax agent representation and management of audit processes
Perpetual Corporate Trust has been the leading repository of Australian securitisation data since the 1990s. With around 85% of the securitisation market using our Reserve Bank of Australia repo-eligibility reporting service, our data repository contains a broad and standardised dataset across major banks, regional banks and non-banks. The RBA validated data, particularly the RMBS borrower loan-level data, is distributed to rating agencies, regulators, investors and market data platforms. This data is also published to the Perpetual Intelligence SaaS platform where users can access a decade of loan and note data via intuitive analytics, visual dashboards and drill-down capability.
Trusted reporting that brings transparency to the market
Our data reporting service provides the market with trusted, transparent reporting - including $457 billion in loans reported to the RBA at December 2025.
Through the Perpetual Intelligence platform, users can access intuitive analytics, visual dashboards and drill-down capability across the most up-to-date Australian securitisation data.
Our reporting, compliance and data distribution services - spanning RBA repo-eligibility, ABSPerpetual issuer and investor reporting, and third-party aggregated data - promote transparency, comparability and confidence across the securitisation ecosystem.
Enterprise-grade data services, built for regulated markets
- RBA repo-eligibility compliance reporting
- Issuer, investor and intermediary reporting delivered via Perpetual Intelligence
- Data management and validation for RMBS and ABS reporting, including 400+ RBA and 600+ Perpetual validation rules
- Secure data governance, including privacy compliance, SFTP transfer and independent audits
- Automated data publication and distribution to investors and market platforms
- RBA liaison and client advocacy, including regulatory feedback and industry engagement
Provides transparent, timely visibility of public transactions where we act as Trustee, delivered through Perpetual Intelligence.
- Coverage of approximately 420 public transactions
- Multiple daily updates with near real-time data on note balances, coupon payments and bond factors
- Centralised access to issuer-produced investor reports
- Secure file transfer of note-related data to investors and third parties, including Bloomberg, rating agencies and intermediaries
- Leverages our established repo-eligibility capability to support European
- Securities and Markets Authority (ESMA) reporting requirements.
- Builds on RBA-reported data with a small set of ESMA-specific inputs
- Automated integration of datasets following RBA submission
- Generation of complete ESMA investor reporting files
- Secure delivery via multiple channels, including Perpetual Intelligence Deal Room
- Dedicated team providing responsive support to issuers and investors, and acting as a liaison with the RBA as required
- Deep expertise across RBA datasets and ESMA data templates
- Proactive client communication on deadlines, regulatory changes and associated impacts
- 24/7 system availability
- Secure data ingestion with encryption in transit and at rest
- Automated data validation and distribution
- Segregated upload and approval controls
- Robust access controls for both external users and internal Perpetual and IT teams
- Production-like UAT environment to support testing requirements
- Multiple secure data distribution methods, reducing reliance on email
- Annual BCP and DR testing completed
- Annual penetration testing on system design and security completed by rotating panel of external specialists
- Annual ASAE 3150 controls audit conducted by external party
- Vendor management frameworks
- Access and reporting support for Committed Liquidity Facility (CLF)
Most clients know the service as “RBA Reporting” - but your data can do far more.
Stop double-handling and leverage the same dataset to produce:
- Customised, redacted reports for specific investors
- ESMA-compliant reports for European authorities
- Intermediary-ready data for Bloomberg, LSEG, ICE and others
All data is processed and delivered via Perpetual Intelligence, a modern, secure, cloud-based SaaS platform.
Client case studies
Columbus Capital – Fast Paced Growth
Columbus Capital, one of Australia’s biggest non-bank lenders, doubled their book size in two years. Their growth was based on innovation, exceptional customer service and impeccable execution.
LaTrobe Financial: Partners on a path to growth
Meeting the needs of both sophisticated investors and individual borrowers needs the ability to live up to the highest of standards – and to partner with companies who do the same.
Columbus Capital grows with Perpetual | Perpetual Corporate Trust
Latrobe Financial: A Case Study | Perpetual Corporate Trust
From pioneering securitisation to powering Australia’s digital future
From the early days of Australian securitisation to today’s sophisticated market, Perpetual Corporate Trust has driven progress through sustained investment in people, technology, process innovation and cyber security. More than 25 years of industry-specific digital delivery led to the creation of Perpetual Digital and the evolution of Perpetual Intelligence - already supporting the securitisation market through established SaaS products and specialist services.
As the platform continues to evolve, Perpetual Intelligence is designed to extend beyond securitisation, revealing new capabilities over time. It is intended to enable clients to activate relevant modules as they become available and - where appropriate - to connect with trusted third-party solutions through a governed, auditable experience.
Why work with us?
Scale and strength
Flexible and commercial approach
Expertise and service excellence
The full spectrum
Scale and strength
- The Perpetual Group is a trusted brand and partner, with 140 years’ proven track-record of protecting the interests of our clients and their investors
- Perpetual Limited is ASX listed with market capitalisation ~$2.5 bn*, a strong balance sheet with cash assets of $221.3m** and extensive domestic and global expertise
- PCT is a market leader across debt and managed funds markets, and one of the leading businesses in fixed income, treasury and advisory in Australia with a dedicated operations in Singapore
- PCT is financial services industry leader in client advocacy
Flexible and commercial approach
- Local, on-the-ground decision-making allowing for fast turnaround times and efficient settlement execution.
- Committed to acting in the best interest of investors.
- Taking a practical approach to help clients achieve their commercial objectives.
- Australian company working to support clients’ cost-effective growth in Australia and overseas
Expertise and service excellence
- Highly experienced specialist teams across divisions ensuring consistent service excellence
- Well-resourced with 100 professionals in DMS. Supported by dedicated to PCT services for IT, legal, compliance and finance – with teams of over 400 people (as at June 2025)
- Continued focus on operational efficiency, excellence and scale allowing for rapid growth for clients
The full spectrum
We help clients issue a wide range of debt products, supported by a comprehensive suite of core services spanning fiduciary trustee and security trustee roles, standby servicing, trust management, accounting, data and investor reporting, document custody and bond safekeeping. Together, these services provide the governance, independent checks and balances and operational resilience required to protect investor interests, meet regulatory obligations and ensure trust structures remain robust across all market conditions.
10 years of industry trust. Voted by Australia and New Zealand's securitisation industry
Australian Trustee of the Year
Perpetual Corporate Trust
Meet the team
Head of Institutional Sales and Relationship Management - Debt Market Services
Rod Ellwood
Rod Ellwood
General Manager, Debt Market Services
Phone
0411 689 944
Email
Contact me
Bio
Rod Ellwood is the General Manager of Debt Market Services at Perpetual Corporate Trust - Australia’s market leading fiduciary and financial services business for the domestic securitisation industry. With over 24 years’ experience, he has worked in a number of interesting treasury and finance roles as a securitisation issuer, in group treasury at a major bank and as the founding CEO of a boutique funding business.
Rod is a qualified Chartered Accountant with a number of post graduate courses in securitisation and corporate leadership. He recently completed an intensive leadership program with Stanford Graduate School of Business (USA) on Corporate Leadership and Innovation. He is a member of the SA Institute of Chartered Accountants, a member of the Institute of Company Directors and sits on the Regulatory and Prudential Subcommittee for the Australian Securitisation Forum.
Rod started his career in securitisation when he arrived in Australia in 1994 and joined the founders of Rams Home Loans as GM Finance and Treasurer. In 1998 he founded Longreach Global Capital which was Australia's first independent asset backed CP conduit owned by JP Morgan, Hastings and Allco, where he served as CEO for 9 years before returning to the mortgage industry as Treasurer of Bluestone prior to joining ANZ in 2008.
He had the fortune of working for ANZ Group Treasury during the GFC on both unsecured and secured funding. During his 5 years with ANZ, he was actively involved with the establishment of the Government Guaranteed Bond program and with the ASF working group with Federal Treasury and APRA on the establishment of the Australian Covered Bond framework. With over $45bn of RMBS issuance under the belt, he was a key person on the ANZ team that developed and issued the first Covered Bond in Australia in September 2011.
Rod embraces his leadership roles with high levels of energy and enthusiasm, bringing a wealth of industry knowledge, broad business acumen and a steady engaging management style to the team.
Lynsey Thorrington
Lynsey Thorrington
Head of Institutional Sales and Relationship Management - Debt Market Services
Phone
+61 2 9229 9536
Email
Contact me
Bio
Lynsey leads the Sales and relationship management team responsible for debt capital markets.
Lynsey has extensive experience in banking and financial services, with deep sector knowledge in debt capital markets. She joined Perpetual Corporate Trust (Perpetual) in 2007 as part of the debt markets, transaction management team, and has worked within debt markets in Australia for over 20 years. Prior to joining Perpetual, Lynsey worked at BNY Mellon - Corporate Trust Division and J.P. Morgan Corporate Trust in Australia.
Lynsey holds a Bachelor of Law degree from the University of Wales, Swansea (LLB Hons) and has a number of postgraduate qualifications in securitisation. She is also a founding member of the Australian Securitisation Forum’s Future Leaders and Young Professionals Committee, a member of the Australian Securitisation Forum’s Women in Securitisation Committee and an active participant of Perpetual’s Diversity Counsel.
Mark Dickenson
Nathan Gale
Craig Cullen
Maria Valenti
Gareth Munnick
You might also be interested in...
Looking for more information?
Plan your next securitisation or funding program with confidence. Get in touch with our specialist trustee team.
Get in touch
News and insights
View all
This webpage has been prepared by Perpetual Corporate Trust. Perpetual Corporate Trust services are provided by Perpetual Corporate Trust Limited ABN 99 000 341 533 AFSL 392673 and Perpetual Trustee Company Limited ABN 42 000 001 007, AFSL 236643. Data and analytics services are provided by Perpetual Digital Pty Ltd ABN 62 626 891 978, Perpetual Roundtables Pty Ltd ABN 33 158 636 821 Perpetual CT Capital Pty Ltd ABN 33 134 784 740, AFSL Number 476686. Perpetual CT Capital is part of the Perpetual Group (Perpetual Limited ABN 86 000 431 827, including its subsidiaries).
This webpage contains general information only and any views expressed in this presentation are opinions only and do not constitute a recommendation to act. The information does not constitute investment, legal, taxation, financial product or other advice and the video does not take into account your investment objectives, financial situation or particular needs. The information may be based on information received/collated from third parties outside the Perpetual Group, or external sources which have not been independently verified. You are responsible for forming your own opinions and conclusions on such matters and should make your own independent assessment of the information and seek independent professional advice in relation to the information and any action taken on the basis of the information. To the extent permitted by law, no liability is accepted by Perpetual or its related bodies corporate or any of their officers, employees, agents or associates, nor any other person, for any of the information in this webpage or for any action taken by you on the basis of the information.
Choose your region
Choose your location
Australia and New Zealand
The information on this website is intended for Australian residents or citizens who are currently located in Australia, or where expressly indicated, New Zealand residents or citizens who are currently located in New Zealand only, and should not be relied on by residents or citizens of any other jurisdiction. By clicking the “Proceed” button below, you are agreeing to the Terms & Conditions of use.
Singapore
Please read this information carefully as it governs your use of this website. The contents of this website and the products and services mentioned are intended for persons residing in Singapore, and the information on this website if only for such persons. This website is not directed to any person in any jurisdiction where its publication or availability is prohibited. By clicking the “Proceed” button below, you are agreeing to these terms.
United Kingdom
This information and the terms of use are subject to change at any time without notice. The contents of this website are intended for residents and citizens of the United Kingdom, and the European Union, and should not be relied on by residents or citizens of other jurisdictions. All investment products and services referenced in this website are managed and offered by either JOHCM or its affiliates within the Perpetual Limited group of companies ("Perpetual Affiliates"). By clicking the “Proceed” button below, you are agreeing to the Terms & Conditions of use.
Europe
This information and the terms of use are subject to change at any time without notice. The contents of this website are intended for residents and citizens of the United Kingdom, and the European Union, and should not be relied on by residents or citizens of other jurisdictions. All investment products and services referenced in this website are managed and offered by either JOHCM or its affiliates within the Perpetual Limited group of companies ("Perpetual Affiliates"). By clicking the “Proceed” button below, you are agreeing to the Terms & Conditions of use.