EXHIBIT 99.1
EXHIBIT 99.1
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Bond Trust ARMS II GLOBAL FUND 2
Deed
Schedule 8
Reference BONDHOLDERS REPORT RELATED TO THE JULY 12, 2004 DISTRIBUTION
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REPORTING DATES
Cut-Off Date June 30, 2004
Determination Date July 8, 2004
Payment Date July 12, 2004
Start Interest Period April 13, 2004
End Interest Period July 11, 2004
No of Days in Interest Period 90
Start Calculation Period April 1, 2004
End Calculation Period June 30, 2004
No of Days in Calculation Period 91
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SECURITIES ON ISSUE Amount Amount
(US$) (A$)
CLASS A BONDS
Initial Face Value 1,000,000,000 1,428,571,429
Previous Principal Distribution 79,200,000 113,142,857
Principal Distribution for current calculation period 55,900,000 79,857,143
Total Principal Distribution to date 135,100,000 193,000,000
Beginning Principal Amount 920,800,000 1,315,428,571
(a) Ending Principal Amount 864,900,000 1,235,571,429
less Unreimbursed Charge-offs -- --
Beginning Stated Amount 920,800,000 1,315,428,571
(a) Ending Stated Amount 864,900,000 1,235,571,429
CLASS B BONDS
Initial Face Value 33,500,000 47,857,143
Previous Principal Distribution -
Principal Distribution for current calculation period -
Total Principal Distribution to date -
Beginning Principal Amount 33,500,000 47,857,143
(a) Ending Principal Amount 33,500,000 47,857,143
less Unreimbursed Charge-offs -
Beginning Stated Amount 33,500,000 47,857,143
(a) Ending Stated Amount 33,500,000 47,857,143
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INTEREST RATE FOR ACCRUAL PERIOD Libor / Interest Interest
Bank Bill Rate Margin Rate
USD
Class A Bonds 1.14000 0.25000 1.39000
Class B Bonds 1.14000 0.75000 1.89000
AUD
Class A Bonds (payable to Currency Swap Provider) 5.54000 0.42290 5.96290
Class B Bonds 5.54000 0.97310 6.51310
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DISTRIBUTIONS PAYABLE ON PAYMENT DATE $US $A
Interest Entitlement:
(b) Class A Bonds 3,199,800 19,340,800
(b) Class B Bonds 158,288 768,571
Principal Repayment:
(c) Class A Bonds 55,900,000 79,857,143
(c) Class B Bonds
Total:
Class A Bonds 59,099,800 99,197,943
Class B Bonds 158,288 768,571
Total 59,258,088 99,966,514
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Bond Trust ARMS II GLOBAL FUND 2
Deed
Schedule 8
Reference BONDHOLDERS REPORT RELATED TO JULY 12, 2004 DISTRIBUTION
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POOL FACTORS Last Current
Distribution Distribution
Date Date
(h) Class A Bonds 0.9208 0.8649
Class B Bonds 1.0000 1.0000
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(d) INCOME COLLECTIONS FOR CALCULATION PERIOD 24,862,963
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AVAILABLE AMORTISATION AMOUNT $AUD
(i) Scheduled Principal Collections 2,258,299
(i) Unscheduled Principal Collections 116,565,262
Gross Principal Collections 118,823,561
less
(g) Redraw Advances, Line of Credit Advances and
Permitted Further Advances 38,856,438
(e) Net Principal Collections 79,967,123
Application of Cash Reserve and Advances
Reserve as Available Amortisation Amount (109,980)
(l) Charge-offs and Unreimbursed Charge-offs 0
(f) Available Amortisation Amount 79,857,143
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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 1,279,154,460
Total number of Loans 5,002
Average Loan Balance 255,728.60
Weighted Average LVR 72.19
Seasoning No of Loans % by number Balance % by balance
0 to 6 months -- 0.00% -- 0.00%
6 to 12 months 3,132 62.61% 800,994,514 62.62%
12 to 18 months 1,480 29.59% 379,073,094 29.63%
18 to 24 months 242 4.84% 64,119,239 5.01%
24 to 36 months 118 2.36% 29,345,086 2.29%
36 to 48 months 10 0.20% 3,119,018 0.24%
48 to 60 months -- 0.00% -- 0.00%
>60 months 20 0.40% 2,503,509 0.20%
5,002 100.0% 1,279,154,460 100.00%
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(k) AGGREGATE LOSS AMOUNT NIL
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(m) DELINQUENCY AND LOSSES
DELINQUENCY AUD AMOUNT % OF
OF LOANS POOL
31 - 60 days 9,721,574 0.76%
61 - 90 days 3,325,802 0.26%
90+ days 6,907,434 0.54%
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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