Common use of Swap Collateral Ledger Clause in Contracts

Swap Collateral Ledger. In connection with Swap Collateral the Current Issuer Cash Manager shall ensure that the appropriate debits and credits are made to the Swap Collateral Ledger in accordance with Clause 5.6 (Swap Collateral). SCHEDULE 3 FORM OF ISSUER QUARTERLY REPORT GRANITE MORTGAGES 03-2 PLC PROFIT & LOSS ACCOUNT PERIOD ENDED This Quarter Prior Quarter {pound-sterling} 000's {pound-sterling} 000's Interest Receivable - Intercompany Loan Interest Receivable - Cash Deposits/Authorised Investments ---------------------- ---------------------- 0 0 Interest Payable - Notes Interest Payable ---------------------- ---------------------- 0 0 ---------------------- ---------------------- Net Operating Income 0 0 Other Income Operating Expenses ---------------------- ---------------------- Profit/loss on ordinary activities before tax 0 0 Taxation ---------------------- ---------------------- Profit/loss on ordinary activities after tax 0 0 Retained profit brought forward 0 0 ---------------------- ---------------------- Retained profit for the year 0 0 ====================== ====================== GRANITE MORTGAGES 03-2 PLC BALANCE SHEET PERIOD ENDED {pound-sterling} 000's {pound-sterling} 000's FIXED ASSET INVESTMENTS Intercompany Lending 0 CURRENT ASSETS Interest Receivable 0 Other debtors 0 Cash at Bank 0 Current Issuer Transaction Account: ---------------------- 0 ---------------------- CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals 0 Interest Payable Accrual 0 Taxation 0 ---------------------- 0 ---------------------- Net current assets 0 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR Amount due to Noteholders 0 ---------------------- Total Assets less current liabilities 0 ====================== Share Capital 0 Reserves 0 ---------------------- 0 ====================== Current Issuer Notes to Balance Sheet: Principal Deficiency Ledger Class A Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance Class B Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance Class C Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance GRANITE MORTGAGES 03-2 PLC NOTES OUTSTANDING PERIOD ENDED SERIES 1 CLASS A1 SERIES 1 CLASS A2 SERIES 1 CLASS A3 SERIES 2 CLASS A SERIES 3 CLASS A Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS B SERIES 2 CLASS B SERIES 2 CLASS M Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS C SERIES 2 CLASS C1 SERIES 2 CLASS C2 SERIES 3 CLASS C Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS A1 SERIES 1 CLASS A2 SERIES 1 CLASS A3 SERIES 2 CLASS A SERIES 3 CLASS A Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS B SERIES 2 CLASS B SERIES 2 CLASS M Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS C SERIES 2 CLASS C1 SERIES 2 CLASS C2 SERIES 3 CLASS C Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS A SERIES 2 CLASS A SERIES 3 CLASS A Note Interest Margins Step Up Dates Step Up Margins

Swap Collateral Ledger. In connection with Swap Collateral the Current Issuer Cash Manager shall ensure that the appropriate debits and credits are made to the Swap Collateral Ledger in accordance with Clause 5.6 (Swap Collateral). SCHEDULE 3 FORM OF ISSUER QUARTERLY REPORT GRANITE MORTGAGES 03-2 PLC PROFIT & LOSS ACCOUNT PERIOD ENDED This Quarter Prior Quarter {pound-sterling} 000's {pound-sterling} 000's Interest Receivable - Intercompany Loan Interest Receivable - Cash Deposits/Authorised Investments ---------------------- ----------------------- ---------------------- 0 0 Interest Payable - Notes Interest Payable ---------------------- ----------------------- ---------------------- 0 0 ---------------------- ----------------------- ---------------------- Net Operating Income 0 0 Other Income Operating Expenses ---------------------- ----------------------- ---------------------- Profit/loss on ordinary activities before tax 0 0 Taxation ---------------------- ----------------------- ---------------------- Profit/loss on ordinary activities after tax 0 0 Retained profit brought forward 0 0 ---------------------- ----------------------- ---------------------- Retained profit for the year 0 0 ======================= ====================== GRANITE MORTGAGES 03-2 PLC BALANCE SHEET PERIOD ENDED {pound-sterling} 000's {pound-sterling} 000's FIXED ASSET INVESTMENTS Intercompany Lending 0 CURRENT ASSETS Interest Receivable 0 Other debtors 0 Cash at Bank 0 Current Issuer Transaction Account: ---------------------- 0 ---------------------- CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals 0 Interest Payable Accrual 0 Taxation 0 ---------------------- 0 ---------------------- Net current assets 0 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR Amount due to Noteholders 0 ---------------------- Total Assets less current liabilities 0 ====================== Share Capital 0 Reserves 0 ---------------------- 0 ====================== Current Issuer Notes to Balance Sheet: Principal Deficiency Ledger Class A Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance Class B Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance Class C Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance GRANITE MORTGAGES 03-2 PLC NOTES OUTSTANDING PERIOD ENDED SERIES 1 CLASS A1 SERIES 1 CLASS A2 SERIES 1 CLASS A3 SERIES 2 CLASS A SERIES 3 CLASS A Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS B SERIES 2 CLASS B SERIES 2 CLASS M Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS C SERIES 2 CLASS C1 SERIES 2 CLASS C2 SERIES 3 CLASS C Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS A1 SERIES 1 CLASS A2 SERIES 1 CLASS A3 SERIES 2 CLASS A SERIES 3 CLASS A Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS B SERIES 2 CLASS B SERIES 2 CLASS M Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS C SERIES 2 CLASS C1 SERIES 2 CLASS C2 SERIES 3 CLASS C Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS A SERIES 2 CLASS A SERIES 3 CLASS A Note Interest Margins Step Up Dates Step Up Margins=

Swap Collateral Ledger. In connection with Swap Collateral the Current Issuer Cash Manager shall ensure that the appropriate debits and credits are made to the Swap Collateral Ledger in accordance with Clause 5.6 (Swap Collateral). SCHEDULE 3 FORM OF ISSUER QUARTERLY REPORT GRANITE MORTGAGES Form of Issuer Quarterly Report Granite Mortgages 03-2 PLC PROFIT 3 plc Profit & LOSS ACCOUNT PERIOD ENDED Loss Account Period Ended This Quarter Prior Quarter {pound-sterling} Quarter (GBP) 000's {pound-sterling} (GBP) 000's Interest Receivable - Intercompany Loan Interest Receivable - Cash Deposits/Authorised Investments ---------------------- ---------------------- ------------ ----------- 0 0 Interest Payable - Notes Interest Payable ---------------------- ---------------------- ------------ ----------- 0 0 ---------------------- ---------------------- ------------ ----------- Net Operating Income 0 0 Other Income Operating Expenses ---------------------- ---------------------- ------------ ----------- Profit/loss on ordinary activities before tax 0 0 Taxation ---------------------- ---------------------- ------------ ----------- Profit/loss on ordinary activities after tax 0 0 Retained profit brought forward 0 0 ---------------------- ---------------------- ------------ ----------- Retained profit for the year 0 0 ====================== ====================== GRANITE MORTGAGES Granite Mortgages 03-2 PLC BALANCE SHEET PERIOD ENDED {pound-sterling} 3 plc Balance Sheet Period Ended (GBP) 000's {pound-sterling} (GBP) 000's FIXED ASSET INVESTMENTS Fixed Asset Investments Intercompany Lending 0 CURRENT ASSETS Current Assets Interest Receivable 0 Other debtors 0 Cash at Bank 0 Current Issuer Transaction Account: ---------------------- ------------ 0 ---------------------- CREDITORS------------ Creditors: AMOUNTS FALLING DUE WITHIN ONE YEAR Amounts falling due within one year Accruals 0 Interest Payable Accrual 0 Taxation 0 ---------------------- ------------ 0 ---------------------- ------------ Net current assets 0 CREDITORSCreditors: AMOUNTS FALLING DUE AFTER ONE YEAR Amounts falling due after one year Amount due to Noteholders 0 ---------------------- ----------- Total Assets less current liabilities 0 ====================== Share Capital 0 Reserves 0 ---------------------- ----------- 0 ====================== Current Issuer Notes to Balance Sheet: Principal Deficiency Ledger Class A Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance Class B Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance Class C Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance GRANITE MORTGAGES 03-2 PLC NOTES OUTSTANDING PERIOD ENDED SERIES 1 CLASS A1 SERIES 1 CLASS A2 SERIES 1 CLASS A3 SERIES 2 CLASS A SERIES 3 CLASS A Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS B SERIES 2 CLASS B SERIES 2 CLASS M Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS C SERIES 2 CLASS C1 SERIES 2 CLASS C2 SERIES 3 CLASS C Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS A1 SERIES 1 CLASS A2 SERIES 1 CLASS A3 SERIES 2 CLASS A SERIES 3 CLASS A Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS B SERIES 2 CLASS B SERIES 2 CLASS M Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS C SERIES 2 CLASS C1 SERIES 2 CLASS C2 SERIES 3 CLASS C Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS A SERIES 2 CLASS A SERIES 3 CLASS A Note Interest Margins Step Up Dates Step Up Margins

Swap Collateral Ledger. In connection with Swap Collateral the Current Issuer Cash Manager shall ensure that the appropriate debits and credits are made to the Swap Collateral Ledger in accordance with Clause 5.6 (Swap Collateral). SCHEDULE 3 FORM OF ISSUER QUARTERLY REPORT GRANITE MORTGAGES 03-2 1 PLC PROFIT & LOSS ACCOUNT PERIOD ENDED This Quarter Prior Quarter {pound-sterling} 000sterling}000's {pound-sterling} 000sterling}000's Interest Receivable - Intercompany Loan Interest Receivable - Cash Deposits/Authorised Investments ---------------------- ---------------------- 0 0 Interest Payable - Notes Interest Payable ---------------------- ---------------------- 0 0 ---------------------- ---------------------- Net Operating Income 0 0 ____________________________________________ Other Income Operating Expenses ---------------------- ---------------------- ____________________________________________ Profit/loss on ordinary activities before tax 0 0 Taxation ---------------------- ---------------------- ____________________________________________ Profit/loss on ordinary activities after tax 0 0 Retained profit brought forward 0 0 ---------------------- ---------------------- ____________________________________________ Retained profit for the year 0 0 ====================== ======================= GRANITE MORTGAGES 03-2 1 PLC BALANCE SHEET PERIOD ENDED {pound-sterling} 000sterling}000's {pound-sterling} 000sterling}000's FIXED ASSET INVESTMENTS Intercompany Lending 0 CURRENT ASSETS Interest Receivable 0 Other debtors 0 Cash at Bank 0 Current Issuer Transaction Account: ---------------------- ____________________ 0 ---------------------- ____________________ CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals 0 Interest Payable Accrual 0 Taxation 0 ---------------------- ____________________ 0 ---------------------- ____________________ Net current assets 0 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR Amount due to Noteholders 0 ---------------------- ____________________ Total Assets less current liabilities 0 ====================== Share Capital 0 Reserves 0 ---------------------- ____________________ 0 ====================== Current Issuer Notes to Balance Sheet: Principal Deficiency Ledger Class A Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance Class B Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance Class C Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance GRANITE MORTGAGES 03-2 PLC NOTES OUTSTANDING PERIOD ENDED SERIES 1 CLASS A1 SERIES 1 CLASS A2 SERIES 1 CLASS A3 SERIES 2 CLASS A SERIES 3 CLASS A Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS B SERIES 2 CLASS B SERIES 2 CLASS M Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS C SERIES 2 CLASS C1 SERIES 2 CLASS C2 SERIES 3 CLASS C Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS A1 SERIES 1 CLASS A2 SERIES 1 CLASS A3 SERIES 2 CLASS A SERIES 3 CLASS A Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS B SERIES 2 CLASS B SERIES 2 CLASS M Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS C SERIES 2 CLASS C1 SERIES 2 CLASS C2 SERIES 3 CLASS C Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS A SERIES 2 CLASS A SERIES 3 CLASS A Note Interest Margins Step Up Dates Step Up Margins0

Swap Collateral Ledger. In connection with Swap Collateral the Current Issuer Cash Manager shall ensure that the appropriate debits and credits are made to the Swap Collateral Ledger in accordance with Clause 5.6 (Swap Collateral). SCHEDULE 3 FORM OF ISSUER QUARTERLY REPORT GRANITE MORTGAGES Form of Issuer Quarterly Report Granite Mortgages 03-2 PLC PROFIT 3 plc Profit & LOSS ACCOUNT PERIOD ENDED Loss Account Period Ended This Quarter Prior Quarter {pound-sterling} (GBP) 000's {pound-sterling} (GBP) 000's Interest Receivable - Intercompany Loan Interest Receivable - Cash Deposits/Authorised Investments ---------------------- ---------------------- 0 0 Interest Payable - Notes Interest Payable ---------------------- ---------------------- 0 0 ---------------------- ---------------------- Net Operating Income 0 0 Other Income Operating Expenses ---------------------- ---------------------- _______________________________ Profit/loss on ordinary activities before tax 0 0 Taxation ---------------------- ---------------------- _______________________________ Profit/loss on ordinary activities after tax 0 0 Retained profit brought forward 0 0 ---------------------- ---------------------- _______________________________ Retained profit for the year 0 0 ====================== ====================== GRANITE MORTGAGES Granite Mortgages 03-2 PLC BALANCE SHEET PERIOD ENDED {pound-sterling} 3 plc Balance Sheet Period Ended (GBP) 000's {pound-sterling} (GBP) 000's FIXED ASSET INVESTMENTS Fixed Asset Investments Intercompany Lending 0 CURRENT ASSETS Current Assets Interest Receivable 0 Other debtors 0 Cash at Bank 0 Current Issuer Transaction Account: ---------------------- ___________ 0 ---------------------- CREDITORS___________ Creditors: AMOUNTS FALLING DUE WITHIN ONE YEAR Amounts falling due within one year Accruals 0 Interest Payable Accrual 0 Taxation 0 ---------------------- ___________ 0 ---------------------- =========== Net current assets 0 CREDITORSCreditors: AMOUNTS FALLING DUE AFTER ONE YEAR Amounts falling due after one year Amount due to Noteholders 0 ---------------------- ___________ Total Assets less current liabilities 0 ============ Share Capital 0 Reserves 0 ___________ 0 =========== Share Capital 0 Reserves 0 ---------------------- 0 ====================== Granite Mortgages 03-3 plc Balance Sheet Period ended Current Issuer Notes to Balance Sheet: Principal Deficiency Ledger Class A Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance Class B Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance Class C Principal Deficiency Sub Ledger Opening PDL Balance Losses this Quarter Amount of PDL top-up Closing PDL Balance GRANITE MORTGAGES Granite Mortgages 03-2 PLC NOTES OUTSTANDING PERIOD ENDED SERIES 1 CLASS A1 SERIES 1 CLASS A2 SERIES 1 CLASS A3 SERIES 2 CLASS A SERIES 3 CLASS A Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS B SERIES 2 CLASS B SERIES 2 CLASS M Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS C SERIES 2 CLASS C1 SERIES 2 CLASS C2 SERIES 3 CLASS C Moody's Current Rating Fitch Ratings Current Rating S&P Current Xxxxxx SERIES 1 CLASS A1 SERIES 1 CLASS A2 SERIES 1 CLASS A3 SERIES 2 CLASS A SERIES 3 CLASS A Initial Note Balance Previous Quarters Note Principal Note Redemptions plc Notes Outstanding Note Principal SERIES 1 CLASS B SERIES 2 CLASS B SERIES 2 CLASS M Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS C SERIES 2 CLASS C1 SERIES 2 CLASS C2 SERIES 3 CLASS C Initial Note Balance Previous Quarters Note Principal Note Redemptions Outstanding Note Principal SERIES 1 CLASS A SERIES 2 CLASS A SERIES 3 CLASS A Note Interest Margins Step Up Dates Step Up MarginsPeriod Ended