The Australian Office of Financial Management (AOFM) completed the ninth auction under its programme to divest its remaining holdings of residential mortgage-backed securities (RMBS) on 14 December. A total cash value of A$439.24 million (US$336.87 million) of RMBS was sold across five lines originally issued by Suncorp Group, Bank of Queensland and Firstmac, representing 100 per cent of the securities on offer.