CUA is seeking A$500 million of funding through an issue of residential mortgage-backed securities. Series 2013-1 Harvey Trust, which is CUA's ninth public mortgage securitisation, is backed by a portfolio of prime residential mortgages. More than half the loans have been originated in Queensland. Credit card issuers did not cut their interest rates in May. According to Reserve Bank indicator lending rates, the average credit card interest rate has fallen just five basis points since December - from 19.6 per cent to 19.55 per cent. The cash rate has fallen 50 basis points over the same period.