EXHIBIT 99.1
EXHIBIT 99.1
ARMS II Global Fund I
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Reference to | ARMS II GLOBAL FUND 1
Schedule 8 of |
the Bond | BONDHOLDERS REPORT RELATED TO DECEMBER 10, 2003 DISTRIBUTION
Trust Deed |
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REPORTING DATES
Cut-Off Date November 28, 2003
Determination Date December 8, 2003
Payment Date December 10, 2003
Start Interest Period September 10, 2003
End Interest Period December 9, 2003
No. of Days in Interest Period 91
Start Calculation Period August 30, 2003
End Calculation Period November 28, 2003
No. of Days in Calculation Period 91
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SECURITIES ON ISSUE Amount Amount
(US$) (A$)
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Class A Bonds
Initial Face Value 1,000,000,000 1,525,553,013
Previous Principal Distribution 63,400,000 96,720,061
Principal Distribution for current calculation period 62,400,000 95,194,508
Total Principal Distribution to date 125,800,000 191,914,569
Beginning Principal Amount 936,600,000 1,428,832,952
(a) Ending Principal Amount 874,200,000 1,333,638,444
less Unreimbursed Charge-offs - -
Beginning Stated Amount 936,600,000 1,428,832,952
(a) Ending Stated Amount 874,200,000 1,333,638,444
Class B Bonds
Initial Face Value 50,500,000
Previous Principal Distribution --
Principal Distribution for current calculation period --
Total Principal Distribution to date --
Beginning Principal Amount 50,500,000
(a) Ending Principal Amount 50,500,000
less Unreimbursed Charge-offs --
Beginning Stated Amount 50,500,000
(a) Ending Stated Amount 50,500,000
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INTEREST RATE FOR ACCRUAL PERIOD Libor / Interest Interest
Bank Bill Rate Margin Rate
-------------- -------- --------
US$
Class A Bonds 1.14000 0.23000 1.37000
A$
Class A Bonds (payable to Currency Swap Provider) 4.87670 0.35100 5.22770
Class B Bonds 4.87670 0.90000 5.77670
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Page 1 of 3
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Reference to | ARMS II GLOBAL FUND 1
Schedule 8 of |
the Bond | BONDHOLDERS REPORT RELATED TO SEPTEMBER 10, 2003 DISTRIBUTION
Trust Deed |
--------------|---------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS PAYABLE ON PAYMENT DATE (US$) (A$)
------------ ------------
Interest Entitlement:
(b) Class A Bonds 3,243,500 18,622,614
(b) Class B Bonds 727,310
Principal Repayment:
(c) Class A Bonds 62,400,000 95,194,508
(c) Class B Bonds
Total:
Class A Bonds 65,643,500 113,817,122
Class B Bonds -- 727,310
Total 65,643,500 114,544,432
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POOL FACTORS Last Current
Distribution Distribution
Date Date
------------- ------------
(h) Class A Bonds 0.9366 0.8742
Class B Bonds 1.0000 1.0000
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(d) INCOME COLLECTIONS FOR CALCULATION PERIOD 24,735,748
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AVAILABLE AMORTISATION AMOUNT (A$)
------------
(i) Scheduled Principal Collections 3,416,835
(i) Unscheduled Principal Collections 135,634,080
Gross Principal Collections 139,050,915
less
(g) Redraw Advances, Line of Credit Advances and
Permitted Further Advances 44,808,673
(e) Net Principal Collections 94,242,242
Application of Cash Reserve and Advances
Reserve as Available Amortisation Amount 952,266
(l) Charge-offs and Unreimbursed Charge-offs
(f) Available Amortisation Amount 95,194,508
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PORTFOLIO INFORMATION
(based on Loans forming part of the Assets of the
Fund as at the last day of the Calculation Period)
(j) Aggregate Face Value of Loans 1,379,664,228
Total number of Loans 6,137
Average Loan Balance 224,810.86
Weighted Average LVR 73.17
Seasoning No of Loans % Total Balance % by Balance
--------- ----------- ------- ------- ------------
0 to 6 months -- 0.00% -- 0.00%
6 to 12 months 3,465 56.46% 794,992,795 57.62%
12 to 18 months 1,801 29.35% 406,666,725 29.48%
18 to 24 months 341 5.56% 75,433,070 5.47%
24 to 36 months 126 2.05% 30,399,371 2.20%
36 to 48 months 176 2.87% 35,250,311 2.55%
48 to 60 months 111 1.81% 19,536,626 1.42%
>60 months 117 1.91% 17,385,332 1.26%
6,137 100.00% 1,379,664,228 100.00%
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Page 2 of 3
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Reference to | ARMS II GLOBAL FUND 1
Schedule 8 of |
the Bond | BONDHOLDERS REPORT RELATED TO SEPTEMBER 10, 2003 DISTRIBUTION
Trust Deed |
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(k) AGGREGATE LOSS AMOUNT NIL
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(m) DELINQUENCY AND LOSSES
DELINQUENCY (A$) Amount % of
of Loans Pool
------------ -----
31 - 60 days 10,209,515 0.74%
61 - 90 days 3,035,261 0.22%
90+ days 4,138,993 0.30%
LOSSES AUD
Mortgage Insurance claims made Nil
Mortgage Insurance claims paid Nil
Mortgage Insurance claims pending Nil
Mortgage Insurance claims denied Nil
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