Investors
Business overview
Motor Trade Finances Limited (MTF) was formed in 1971 to enable selected motor vehicle dealers to finance sales of motor vehicles to the public. From a base of twelve Dunedin dealers, MTF has grown to become one of the largest financiers of motor vehicles in New Zealand, with representation from Kaitaia to Invercargill. In recent years, MTF has started lending selectively to small to medium business on business equipment.
Through its shareholder network, MTF offers a range of finance products:
MTF provides a range of risk protection products for events affecting repayment, such as illness, redundancy, death, insurance shortfall and vehicle breakdown:
MTF is an investor-owned company, incorporated under the Companies Act 1993, with its shares held by its participating shareholders.
With its head office in Dunedin, MTF has a staff of around fifty, supporting the network of shareholders.
Funding
The principal source of funding is a securitisation programme set up in 1995. The programme enables MTF, via a special purpose company, MTF Securities Limited (MTFS), to fund up to $600 million on the euro commercial paper (ECP) market. Registered banks provide MTFS with standby liquidity facilities which guarantee funding should it not be possible to access ECP.
The ECP issued through the programme is rated A1+/P-1 (extremely strong/superior) by Standard & Poor’s/Moody’s.
Bank funding is provided by a range of New Zealand and Australian registered banks.
Investor information
Further information
- Angus Bradshaw, Managing Director
- 03 467 7988, abradshaw@mtf.co.nz
- Glen Todd, Chief Financial Officer
- 03 474 6370, gtodd@mtf.co.nz