Hot on the heels of Bendigo and Adelaide Bank, which completed a very attractively priced residential mortgage-backed securities transaction on Friday, Westpac has launched an RMBS issue. Series 2013-1 WST Trust is targeting A$750 million. Westpac Institutional Bank is the sole arranger and lead manager. ANZ resorted to manual processing yesterday to provide a workaround to a breakdown in the normal processing of payments across the real-time gross settlements system. One affected entity, EzeATM, in a notice to customers, advised merchants that its payment processor, FirstData, could not provide daily settlement funds due to "issues with... the queuing of payments" by ANZ. RHG Ltd issued a notice to the Australian Securities Exchange yesterday, confirming that it had received an approach regarding the sale of its loan book. The company said discussions were ongoing. There were reports yesterday that the approach was from the mortgage manager Resimac. RHG operates a closed mortgage book in runoff. At June 30 last year the mortgage book was worth A$2.8 bilion. Loan servicer AMAL Asset Management announced yesterday that it had acquired Perpetual's loan servicing business. According to a report in The Australian, AMAL will acquire contracts worth $1.3 billion. Last year Perpetual sold a mortgage processing business, PLMS, to First Mortgage Services. Over the past year Perpetual has restructured, shedding non-core business and cutting costs.