SocGen winds up warehouse finance 31 January 2008 5:23PM John Kavanagh Members Equity Bank, AMP Banking, Resimac and a number of other lenders will be forced to find new sources of warehouse funding as a result of SG Australia's decision to get out of the Australian securitisation market.SG's decision not only means that it will stop arranging issues of asset-backed securities but it also means that the warehouse facilities it has provided to local lenders will expire. Last Friday Allco Max Securities and Mortgage Trust, a credit arbitrage fund, announced that its $300 million renewable one-year note warehouse facility arranged by SG Australia would not be extended beyond June 30.The Sheet contacted SG Australia to ask whether it was taking the same approach with all its warehouse facilities but the bank did not respond.The talk in the market is that all SG clients will soon be looking for new warehouse funding providers. In the current climate that may be difficult.Heritage and Resimac are thought to be SG's biggest clients. Others include Members Equity, AMP, The Rock, Wide Bay and C&H Capital.