Allied Irish Bank (AIB) has signed HML to offer the U.K.’s first 48 hour "hot’"standby servicing arrangement for the issuer's £437.6 million ($683 million) securitization of U.K. mortgage assets.

The 48-hour back-up agreement was created to give investors further assurance over the servicing of the assets, allowing AIB to issue the  first successful unguaranteed securitization from an Irish institution since 2009, according to a statement released by the servicer.  

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