Westpac upsized, to A$2.15 billion from $750 million, an auto receivable asset-backed securities issue, the Crusade ABS Series 2017-1 Trust. It is the eighth auto ABS issuance under the Crusade banner and "the largest ever Australian domestic ABS transaction" according to the bank. Westpac pricing the $741 million of notes in the class A1 tranche at 100 basis points over 30 day bank bills. Greater Bank Limited priced A$30 million of new senior unsecured floating rate certificates of deposit, due February 2020, at 145 basis points over the 30 day swap rate. Any "innovation" meme underpinning modern Australian capitalism may be on thin ice, with the value of funds committed to Venture Capital and Later Stage Private Equity vehicles on the wane. Commitments decreased over 2015/16, the Australian Bureau of Statistics said on Friday. As at June 2016, investors had A$19.55 billion committed, a decrease of two per cent on the year before, the ABS said Australia Ratings upgraded from 'Strong' to 'Very Strong' its independent rating of La Trobe Financial Asset Management Limited in its role as the responsible entity for the La Trobe Australian Credit Fund, an entity with A$1.4 billion under management.