XXXXXX XXXXXXX
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11/29/2004 18:08:56 CARVE Version dev /u/xxxxxxx/deal/gmaccm_2004_c3/041129/gmacc04c3.041129.carve
MSC GMACC SERIES 2004-C3 (RED) CLASS A3
------------------------------------------------------------------------------------------------------------------------------------
Class A3 Settlement Date 12/21/2004 Coupon 4.21400 Cusip N/A
Original Balance 137,900,000.00 Dated Date 12/01/2004 Delay 9 Yield Table Date 11/29/2004
Current Balance 137,900,000.00 First Payment Date 01/10/2005 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating AAA/AAA Next Payment Date 01/10/2005 Orig Deal Size 1,251,090,921.20 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 27
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 50 (!YM) CPR 100 CPR 0 CPR 0 CPR 0 CPR 0 CPR 0 (!YM) CPR 50
DEFAULT CDR 1 CDR 1 CDR 5 CDR 5 CDR 1.8
ADVANCES YES YES YES YES YES
RECV MNTH 12 12 12 12 12
RECV DISTR 100 1 100 1 100 1 100 1 100 1
LOSSES 0.25 0.5 0.25 0.5 0.4
BALL EXT 36 MOS
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PRICE / YIELD
------------------------------------------------------------------------------------------------------------------------------------
98/00 4.6948 4.6966 4.7129 4.5505 4.7104 4.7032 4.8489 4.7749 4.7219
98/08 4.6356 4.6372 4.6514 4.5106 4.6492 4.6430 4.7692 4.7051 4.6592
98/16 4.5767 4.5780 4.5900 4.4708 4.5882 4.5829 4.6897 4.6355 4.5966
98/24 4.5179 4.5190 4.5289 4.4312 4.5274 4.5230 4.6105 4.5661 4.5343
99/00 4.4594 4.4602 4.4679 4.3917 4.4667 4.4633 4.5316 4.4969 4.4721
99/08 4.4010 4.4016 4.4071 4.3522 4.4062 4.4038 4.4529 4.4280 4.4101
99/16 4.3427 4.3431 4.3465 4.3129 4.3459 4.3445 4.3745 4.3592 4.3483
99/24 4.2847 4.2848 4.2860 4.2738 4.2858 4.2853 4.2963 4.2907 4.2867
100/00 4.2268 4.2267 4.2258 4.2347 4.2259 4.2263 4.2183 4.2224 4.2253
100/08 4.1690 4.1687 4.1657 4.1958 4.1661 4.1675 4.1406 4.1543 4.1640
100/16 4.1115 4.1109 4.1058 4.1569 4.1066 4.1088 4.0631 4.0864 4.1030
100/24 4.0541 4.0533 4.0460 4.1182 4.0472 4.0503 3.9859 4.0187 4.0421
101/00 3.9969 3.9958 3.9865 4.0796 3.9879 3.9920 3.9090 3.9512 3.9814
101/08 3.9398 3.9386 3.9271 4.0411 3.9289 3.9339 3.8322 3.8839 3.9208
101/16 3.8829 3.8815 3.8679 4.0027 3.8700 3.8759 3.7558 3.8168 3.8605
101/24 3.8262 3.8245 3.8088 3.9645 3.8113 3.8181 3.6795 3.7499 3.8003
102/00 3.7697 3.7677 3.7500 3.9263 3.7527 3.7605 3.6035 3.6833 3.7403
102/08 3.7133 3.7111 3.6913 3.8883 3.6944 3.7030 3.5277 3.6168 3.6805
102/16 3.6571 3.6546 3.6327 3.8503 3.6362 3.6457 3.4522 3.5505 3.6208
102/24 3.6010 3.5983 3.5744 3.8125 3.5781 3.5886 3.3769 3.4845 3.5614
103/00 3.5451 3.5422 3.5162 3.7748 3.5203 3.5316 3.3018 3.4186 3.5021
------------------------------------------------------------------------------------------------------------------------------------
AVERAGE LIFE 4.87 4.85 4.66 7.64 4.69 4.77 3.54 4.07 4.57
FIRST PRIN 08/10/2009 07/10/2009 05/10/2009 08/10/2009 04/10/2008 08/10/2008 11/10/2006 03/10/2007 12/10/2007
LAST PRIN 01/10/2010 01/10/2010 01/10/2010 01/10/2013 12/10/2009 01/10/2010 10/10/2009 11/10/2009 12/10/2009
PAYMENT WINDOW 6 7 9 42 21 18 36 33 25
ACCRUAL FACTOR 0.2341 0.2341 0.2341 0.2341 0.2341 0.2341 0.2341 0.2341 0.2341
MOD DURATION @ 100/16 4.32 4.30 4.15 6.40 4.17 4.24 3.21 3.66 4.07
Page 1 of 3
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This memorandum is based on information generally available to the public from sources believed to be reliable. No representation is
made that it is accurate or complete. Certain assumptions may have been made in this analysis which have resulted in any returns
detailed herein. No representation is made that any returns indicated will be achieved. Changes to the assumptions may have a
material impact on any returns detailed. Past performance is not necessarily indicative of future returns. Price and availability
are subject to change without notice. The foregoing has been prepared solely for informational purposes, and is not an offer to buy
or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading
strategy. Xxxxxx Xxxxxxx & Co. Incorporated, Xxxxxx Xxxxxxx & Co. International Limited, Xxxxxx Xxxxxxx Japan Ltd. and/or their
affiliates may have positions in, and effect transactions in securities and instruments of issuers mentioned herein and may also
provide or seek to provide significant advice or investment services, including investment banking, for the issuers of such
securities and instruments. Additional information is available upon request. To Our Readers Worldwide: In addition please note that
this publication has been issued by Xxxxxx Xxxxxxx & Co. Incorporated and approved by Xxxxxx Xxxxxxx & Co. International Limited, a
member of The Securities and Futures Authority and Xxxxxx Xxxxxxx Japan, Ltd. We recommend that investors obtain the advice of their
Xxxxxx Xxxxxxx & Co. International limited or Xxxxxx Xxxxxxx Japan, Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
XXXXXX XXXXXXX
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11/29/2004 18:08:56 CARVE Version dev /u/xxxxxxx/deal/gmaccm_2004_c3/041129/gmacc04c3.041129.carve
MSC GMACC SERIES 2004-C3 (RED) CLASS A4
------------------------------------------------------------------------------------------------------------------------------------
Class A4 Settlement Date 12/21/2004 Coupon 4.54900 Cusip N/A
Original Balance 266,000,000.00 Dated Date 12/01/2004 Delay 9 Yield Table Date 11/29/2004
Current Balance 266,000,000.00 First Payment Date 01/10/2005 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating AAA/AAA Next Payment Date 01/10/2005 Orig Deal Size 1,251,090,921.20 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 27
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 50 (!YM) CPR 100 CPR 0 CPR 0 CPR 0 CPR 0 CPR 0 (!YM) CPR 50
DEFAULT CDR 1 CDR 1 CDR 5 CDR 5 CDR 1.8
ADVANCES YES YES YES YES YES
RECV MNTH 12 12 12 12 12
RECV DISTR 100 1 100 1 100 1 100 1 100 1
LOSSES 0.25 0.5 0.25 0.5 0.4
BALL EXT 36 MOS
------------------------------------------------------------------------------------------------------------------------------------
PRICE / YIELD
------------------------------------------------------------------------------------------------------------------------------------
98/00 4.9246 4.9257 4.9351 4.8382 4.9320 4.9288 4.9635 4.9452 4.9355
98/08 4.8801 4.8811 4.8892 4.8053 4.8865 4.8837 4.9138 4.8980 4.8896
98/16 4.8358 4.8366 4.8435 4.7725 4.8412 4.8388 4.8643 4.8509 4.8438
98/24 4.7916 4.7922 4.7979 4.7397 4.7960 4.7941 4.8149 4.8039 4.7981
99/00 4.7475 4.7480 4.7524 4.7071 4.7510 4.7494 4.7657 4.7571 4.7526
99/08 4.7035 4.7039 4.7071 4.6746 4.7060 4.7049 4.7166 4.7104 4.7072
99/16 4.6597 4.6600 4.6619 4.6422 4.6612 4.6606 4.6676 4.6639 4.6620
99/24 4.6161 4.6161 4.6168 4.6099 4.6166 4.6164 4.6188 4.6175 4.6168
100/00 4.5725 4.5724 4.5719 4.5777 4.5721 4.5723 4.5702 4.5713 4.5719
100/08 4.5291 4.5289 4.5271 4.5455 4.5277 4.5283 4.5217 4.5252 4.5270
100/16 4.4858 4.4854 4.4824 4.5135 4.4834 4.4845 4.4733 4.4792 4.4823
100/24 4.4426 4.4421 4.4379 4.4816 4.4393 4.4407 4.4251 4.4334 4.4377
101/00 4.3996 4.3989 4.3935 4.4498 4.3953 4.3972 4.3771 4.3877 4.3933
101/08 4.3567 4.3559 4.3492 4.4180 4.3514 4.3537 4.3291 4.3421 4.3489
101/16 4.3139 4.3130 4.3051 4.3864 4.3077 4.3104 4.2814 4.2967 4.3047
101/24 4.2712 4.2701 4.2611 4.3548 4.2641 4.2672 4.2337 4.2514 4.2607
102/00 4.2287 4.2275 4.2172 4.3234 4.2206 4.2241 4.1862 4.2062 4.2168
102/08 4.1863 4.1849 4.1734 4.2920 4.1772 4.1812 4.1389 4.1612 4.1730
102/16 4.1440 4.1425 4.1298 4.2607 4.1340 4.1384 4.0916 4.1163 4.1293
102/24 4.1018 4.1002 4.0863 4.2295 4.0909 4.0957 4.0445 4.0715 4.0857
103/00 4.0597 4.0580 4.0429 4.1985 4.0479 4.0531 3.9976 4.0269 4.0423
------------------------------------------------------------------------------------------------------------------------------------
AVERAGE LIFE 6.82 6.79 6.57 9.82 6.65 6.72 6.01 6.37 6.57
FIRST PRIN 07/10/2011 04/10/2011 04/10/2011 01/10/2013 12/10/2009 01/10/2010 10/10/2009 11/10/2009 12/10/2009
LAST PRIN 11/10/2011 11/10/2011 11/10/2011 01/10/2016 11/10/2011 11/10/2011 11/10/2011 11/10/2011 11/10/2011
PAYMENT WINDOW 5 8 8 37 24 23 26 25 24
ACCRUAL FACTOR 0.2527 0.2527 0.2527 0.2527 0.2527 0.2527 0.2527 0.2527 0.2527
MOD DURATION @ 100/16 5.74 5.72 5.56 7.76 5.61 5.67 5.14 5.41 5.56
Page 2 of 3
------------------------------------------------------------------------------------------------------------------------------------
This memorandum is based on information generally available to the public from sources believed to be reliable. No representation is
made that it is accurate or complete. Certain assumptions may have been made in this analysis which have resulted in any returns
detailed herein. No representation is made that any returns indicated will be achieved. Changes to the assumptions may have a
material impact on any returns detailed. Past performance is not necessarily indicative of future returns. Price and availability
are subject to change without notice. The foregoing has been prepared solely for informational purposes, and is not an offer to buy
or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading
strategy. Xxxxxx Xxxxxxx & Co. Incorporated, Xxxxxx Xxxxxxx & Co. International Limited, Xxxxxx Xxxxxxx Japan Ltd. and/or their
affiliates may have positions in, and effect transactions in securities and instruments of issuers mentioned herein and may also
provide or seek to provide significant advice or investment services, including investment banking, for the issuers of such
securities and instruments. Additional information is available upon request. To Our Readers Worldwide: In addition please note that
this publication has been issued by Xxxxxx Xxxxxxx & Co. Incorporated and approved by Xxxxxx Xxxxxxx & Co. International Limited, a
member of The Securities and Futures Authority and Xxxxxx Xxxxxxx Japan, Ltd. We recommend that investors obtain the advice of their
Xxxxxx Xxxxxxx & Co. International limited or Xxxxxx Xxxxxxx Japan, Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
XXXXXX XXXXXXX
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11/29/2004 18:08:56 CARVE Version dev /u/xxxxxxx/deal/gmaccm_2004_c3/041129/gmacc04c3.041129.carve
MSC GMACC SERIES 2004-C3 (RED) CLASS A5
------------------------------------------------------------------------------------------------------------------------------------
Class A5 Settlement Date 12/21/2004 Coupon 4.87700 Cusip N/A
Original Balance 138,600,000.00 Dated Date 12/01/2004 Delay 9 Yield Table Date 11/29/2004
Current Balance 138,600,000.00 First Payment Date 01/10/2005 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating AAA/AAA Next Payment Date 01/10/2005 Orig Deal Size 1,251,090,921.20 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 27
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 50 (!YM) CPR 100 CPR 0 CPR 0 CPR 0 CPR 0 CPR 0 (!YM) CPR 50
DEFAULT CDR 1 CDR 1 CDR 5 CDR 5 CDR 1.8
ADVANCES YES YES YES YES YES
RECV MNTH 12 12 12 12 12
RECV DISTR 100 1 100 1 100 1 100 1 100 1
LOSSES 0.25 0.5 0.25 0.5 0.4
BALL EXT 36 MOS
------------------------------------------------------------------------------------------------------------------------------------
PRICE / YIELD
------------------------------------------------------------------------------------------------------------------------------------
98/00 5.1775 5.1780 5.1806 5.1345 5.1792 5.1776 5.1986 5.1777 5.1793
98/08 5.1438 5.1442 5.1465 5.1065 5.1453 5.1439 5.1621 5.1439 5.1453
98/16 5.1102 5.1105 5.1125 5.0787 5.1114 5.1103 5.1256 5.1103 5.1115
98/24 5.0767 5.0770 5.0786 5.0509 5.0777 5.0767 5.0893 5.0768 5.0777
99/00 5.0433 5.0435 5.0448 5.0233 5.0441 5.0433 5.0531 5.0434 5.0441
99/08 5.0100 5.0101 5.0110 4.9957 5.0106 5.0100 5.0170 5.0100 5.0106
99/16 4.9768 4.9769 4.9774 4.9682 4.9771 4.9768 4.9810 4.9768 4.9772
99/24 4.9437 4.9437 4.9439 4.9408 4.9438 4.9437 4.9451 4.9437 4.9438
100/00 4.9107 4.9107 4.9105 4.9135 4.9106 4.9107 4.9094 4.9107 4.9106
100/08 4.8778 4.8777 4.8772 4.8863 4.8775 4.8778 4.8737 4.8778 4.8775
100/16 4.8450 4.8449 4.8440 4.8591 4.8445 4.8450 4.8382 4.8450 4.8445
100/24 4.8124 4.8121 4.8109 4.8320 4.8116 4.8123 4.8027 4.8123 4.8115
101/00 4.7798 4.7795 4.7779 4.8051 4.7788 4.7797 4.7674 4.7797 4.7787
101/08 4.7473 4.7469 4.7450 4.7782 4.7460 4.7472 4.7321 4.7471 4.7460
101/16 4.7149 4.7145 4.7122 4.7513 4.7134 4.7148 4.6970 4.7147 4.7134
101/24 4.6826 4.6821 4.6795 4.7246 4.6809 4.6825 4.6620 4.6824 4.6808
102/00 4.6504 4.6498 4.6469 4.6980 4.6485 4.6502 4.6271 4.6502 4.6484
102/08 4.6183 4.6177 4.6144 4.6714 4.6162 4.6181 4.5923 4.6181 4.6161
102/16 4.5863 4.5856 4.5819 4.6449 4.5839 4.5861 4.5576 4.5860 4.5838
102/24 4.5544 4.5536 4.5496 4.6185 4.5518 4.5542 4.5230 4.5541 4.5517
103/00 4.5225 4.5217 4.5174 4.5922 4.5198 4.5223 4.4885 4.5222 4.5196
------------------------------------------------------------------------------------------------------------------------------------
AVERAGE LIFE 9.73 9.70 9.57 12.49 9.65 9.72 8.81 9.72 9.64
FIRST PRIN 03/10/2014 03/10/2014 03/10/2014 01/10/2016 01/10/2014 02/10/2014 11/10/2011 02/10/2014 01/10/2014
LAST PRIN 11/10/2014 10/10/2014 08/10/2014 10/10/2017 11/10/2014 11/10/2014 10/10/2014 12/10/2014 10/10/2014
PAYMENT WINDOW 9 8 6 22 11 10 36 11 10
ACCRUAL FACTOR 0.2709 0.2709 0.2709 0.2709 0.2709 0.2709 0.2709 0.2709 0.2709
MOD DURATION @ 100/16 7.58 7.56 7.48 9.15 7.53 7.57 6.99 7.57 7.52
Page 3 of 3
------------------------------------------------------------------------------------------------------------------------------------
This memorandum is based on information generally available to the public from sources believed to be reliable. No representation is
made that it is accurate or complete. Certain assumptions may have been made in this analysis which have resulted in any returns
detailed herein. No representation is made that any returns indicated will be achieved. Changes to the assumptions may have a
material impact on any returns detailed. Past performance is not necessarily indicative of future returns. Price and availability
are subject to change without notice. The foregoing has been prepared solely for informational purposes, and is not an offer to buy
or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading
strategy. Xxxxxx Xxxxxxx & Co. Incorporated, Xxxxxx Xxxxxxx & Co. International Limited, Xxxxxx Xxxxxxx Japan Ltd. and/or their
affiliates may have positions in, and effect transactions in securities and instruments of issuers mentioned herein and may also
provide or seek to provide significant advice or investment services, including investment banking, for the issuers of such
securities and instruments. Additional information is available upon request. To Our Readers Worldwide: In addition please note that
this publication has been issued by Xxxxxx Xxxxxxx & Co. Incorporated and approved by Xxxxxx Xxxxxxx & Co. International Limited, a
member of The Securities and Futures Authority and Xxxxxx Xxxxxxx Japan, Ltd. We recommend that investors obtain the advice of their
Xxxxxx Xxxxxxx & Co. International limited or Xxxxxx Xxxxxxx Japan, Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
