<TABLE>
XXXXXX XXXXXXX
------------------------------------------------------------------------------------------------------------------------------------
07/14/2005 13:39:33 CARVE Version 47.0 /u/dsouzad/deal/top19/050714/top19.050714.carve
MSC MSC SERIES 2005-TOP19 FITCH/S&P CLASS A2
------------------------------------------------------------------------------------------------------------------------------------
Class A2 Settlement Date 07/28/2005 Coupon 4.71100 Cusip N/A
Original Balance 84,600,000.00 Dated Date 07/01/2005 Delay 11 Yield Table Date 07/14/2005
Current Balance 84,600,000.00 First Payment Date 08/12/2005 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating AAA/Aaa Next Payment Date 08/12/2005 Orig Deal Size 1,228,438,747.44 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 34
Factor 1.00000000 Interest Monthly Deal Age 0
Freq
</TABLE>
<TABLE>
PREPAY CPR 0 CPR 0 CPR 0 CPR 0 CPR 0
BALL EXT 10% 12 MOS 20% 12 MOS 50% 12 MOS 12 MOS
------------------------------------------------------------------------------------------------------------------------------------
PRICE / YIELD
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
100.5478 4.5938 4.5971 4.6002 4.6089 4.6187
------------------------------------------------------------------------------------------------------------------------------------
AVERAGE LIFE 4.81 4.92 5.03 5.37 5.80
MOD DURATION @ 100.5478 4.21 4.29 4.38 4.63 4.96
FIRST PRIN 04/12/2010 04/12/2010 04/12/2010 04/12/2010 03/12/2011
LAST PRIN 07/12/2010 10/12/2011 10/12/2011 10/12/2011 10/12/2011
PAYMENT WINDOW 4 19 19 19 8
USD SWAP SPREAD @ 100.5478 22 22 22 21 20
</TABLE>
Page 1 of 4
--------------------------------------------------------------------------------
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.
<TABLE>
XXXXXX XXXXXXX
------------------------------------------------------------------------------------------------------------------------------------
07/14/2005 13:39:33 CARVE Version 47.0 /u/dsouzad/deal/top19/050714/top19.050714.carve
MSC MSC SERIES 2005-TOP19 FITCH/S&P CLASS A3
------------------------------------------------------------------------------------------------------------------------------------
Class A3 Settlement Date 07/28/2005 Coupon 4.80500 Cusip N/A
Original Balance 44,700,000.00 Dated Date 07/01/2005 Delay 11 Yield Table Date 07/14/2005
Current Balance 44,700,000.00 First Payment Date 08/12/2005 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating AAA/Aaa Next Payment Date 08/12/2005 Orig Deal Size 1,228,438,747.44 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 34
Factor 1.00000000 Interest Monthly Deal Age 0
Freq
</TABLE>
<TABLE>
PREPAY CPR 0 CPR 0 CPR 0 CPR 0 CPR 0
BALL EXT 10% 12 MOS 20% 12 MOS 50% 12 MOS 12 MOS
------------------------------------------------------------------------------------------------------------------------------------
PRICE / YIELD
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
100.5488 4.7247 4.7263 4.7279 4.7324 4.7393
------------------------------------------------------------------------------------------------------------------------------------
AVERAGE LIFE 6.39 6.49 6.59 6.88 7.38
MOD DURATION @ 100.5488 5.38 5.45 5.52 5.73 6.07
FIRST PRIN 10/12/2011 10/12/2011 10/12/2011 10/12/2011 10/12/2011
LAST PRIN 02/12/2012 10/12/2014 10/12/2014 10/12/2014 12/12/2014
PAYMENT WINDOW 5 37 37 37 39
USD SWAP SPREAD @ 100.5488 28 28 28 27 26
</TABLE>
Page 2 of 4
--------------------------------------------------------------------------------
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.
<TABLE>
XXXXXX XXXXXXX
------------------------------------------------------------------------------------------------------------------------------------
07/14/2005 13:39:33 CARVE Version 47.0 /u/dsouzad/deal/top19/050714/top19.050714.carve
MSC MSC SERIES 2005-TOP19 FITCH/S&P CLASS AAB
------------------------------------------------------------------------------------------------------------------------------------
Class AAB Settlement Date 07/28/2005 Coupon 4.81600 Cusip N/A
Original Balance 84,100,000.00 Dated Date 07/01/2005 Delay 11 Yield Table Date 07/14/2005
Current Balance 84,100,000.00 First Payment Date 08/12/2005 Lead Manager Xxxxxx Xxxxxxx & Co. Xxxxx Xxxxxxxxx SemiAnnual
Credit Rating AAA/Aaa Next Payment Date 08/12/2005 Orig Deal Size 1,228,438,747.44 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 34
Factor 1.00000000 Interest Monthly Deal Age 0
Freq
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
PREPAY CPR 0 CPR 0 CPR 0 CPR 0 CPR 0
BALL EXT 10% 12 MOS 20% 12 MOS 50% 12 MOS 12 MOS
------------------------------------------------------------------------------------------------------------------------------------
PRICE / YIELD
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
100.5468 4.7488 4.7488 4.7488 4.7489 4.7490
AVERAGE LIFE 7.26 7.26 7.26 7.27 7.28
MOD DURATION @ 100.5468 5.97 5.97 5.97 5.97 5.98
FIRST PRIN 07/12/2010 07/12/2010 07/12/2010 07/12/2010 07/12/2010
LAST PRIN 10/12/2014 10/12/2014 10/12/2014 10/12/2014 12/12/2014
PAYMENT WINDOW 52 52 52 52 54
USD SWAP SPREAD @ 100.5468 27 27 27 27 27
</TABLE>
Page 3 of 4
--------------------------------------------------------------------------------
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.
<TABLE>
XXXXXX XXXXXXX
------------------------------------------------------------------------------------------------------------------------------------
07/14/2005 13:39:33 CARVE Version 47.0 /u/dsouzad/deal/top19/050714/top19.050714.carve
MSC MSC SERIES 2005-TOP19 FITCH/S&P CLASS A4A
------------------------------------------------------------------------------------------------------------------------------------
Class A4A Settlement Date 07/28/2005 Coupon 4.87500 Cusip N/A
Original Balance 642,754,000.00 Dated Date 07/01/2005 Delay 11 Yield Table Date 07/14/2005
Current Balance 642,754,000.00 First Payment Date 08/12/2005 Lead Manager Xxxxxx Xxxxxxx & Co. Xxxxx Xxxxxxxxx SemiAnnual
Credit Rating AAA/Aaa Next Payment Date 08/12/2005 Orig Deal Size 1,228,438,747.44 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 34
Factor 1.00000000 Interest Freq Monthly Deal Age 0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
PREPAY CPR 0 CPR 0 CPR 0 CPR 0 CPR 0
BALL EXT 10% 12 MOS 20% 12 MOS 50% 12 MOS 12 MOS
------------------------------------------------------------------------------------------------------------------------------------
PRICE / YIELD
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
100.5485 4.8335 4.8336 4.8337 4.8359 4.8399
------------------------------------------------------------------------------------------------------------------------------------
AVERAGE LIFE 9.78 9.80 9.81 10.12 10.74
MOD DURATION @ 100.5485 7.60 7.62 7.63 7.81 8.18
FIRST PRIN 10/12/2014 10/12/2014 10/12/2014 10/12/2014 12/12/2014
LAST PRIN 07/12/2015 07/12/2015 07/12/2015 06/12/2016 07/12/2016
PAYMENT WINDOW 10 10 10 21 20
USD SWAP SPREAD @ 100.5485 26 26 26 25 23
</TABLE>
Page 4 of 4
--------------------------------------------------------------------------------
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.
