The investment by the Australian Office of Financial Management in last week's Progress Trust securitisation of mortgages was an investment worked out between AOFM and AMP Bank last year, and under existing guidelines for investment by the AOFM in mortgage bonds.AMP Bank did not learn of its selection by AOFM for further funding in 2010 before the middle of last week, and the arrangements for that funding had no bearing on the investment in the Progress Trust, contrary to the report in the article 'Five morgage funders secure AOFM investment' on 29 February 2010.