Oceana Management is proud to announce that AMAL Asset Management have been appointed Back-Up Servicer to OAFIT’s originators, FIRST & FAT, effective 2 April 2024. AMAL are Australia’s largest third-party receivables servicer with funds under management and supervision of over $30 billion.

AMAL’s appointment enhances noteholder governance and further institutionalises OAFIT’s structure in line with rated securitisations. A copy of their OAFIT Manual and Back-Up Servicing Overview are available upon request.