EXHIBIT 99.1
Bond Trust |
Deed |
|
Schedule 8 |
Reference | ARMS II GLOBAL FUND 2 AMENDED BONDHOLDERS REPORT JANUARY 2004
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REPORTING DATES
Cut-Off Date December 31, 2003
Determination Date January 8, 2004
Payment Date January 12, 2004
Start Interest Period October 30, 2003
End Interest Period January 11, 2004
No of Days in Interest Period 74
Start Calculation Period October 30, 2003
End Calculation Period December 31, 2003
No of Days in Calculation Period 63
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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 -- --
Principal Distribution for current calculation period 28,800,000 41,142,857
Total Principal Distribution to date 28,800,000 41,142,857
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Beginning Principal Amount 1,000,000,000 1,428,571,429
(a) Ending Principal Amount 971,200,000 1,387,428,571
less Unreimbursed Charge-offs -- --
Beginning Stated Amount 1,000,000,000 1,428,571,429
(a) Ending Stated Amount 971,200,000 1,387,428,571
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 -- --
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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 1.14651 0.25000 1.39651
Class B Bonds 1.14651 0.75000 1.89651
AUD
Class A Bonds (payable to Currency Swap Provider) 4.9706 0.4229 5.3935
Class B Bonds 4.9706 0.9731 5.9437
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DISTRIBUTIONS PAYABLE ON PAYMENT DATE $US $A
Interest Entitlement:
(b) Class A Bonds 2,870,600 15,621,096
(b) Class B Bonds 130,596 576,690
Principal Repayment:
(c) Class A Bonds 28,800,000 41,142,857
(c) Class B Bonds -- --
Total:
Class A Bonds 31,670,600 56,763,953
Class B Bonds 130,596 576,690
Total 31,801,196 57,340,643
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POOL FACTORS Last Current
Distribution Distribution
Date Date
(h) Class A Bonds 1.0000 0.9712
Class B Bonds 1.0000 1.0000
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(d) INCOME COLLECTIONS FOR CALCULATION PERIOD 17,168,777
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AVAILABLE AMORTISATION AMOUNT $AUD
(i) Scheduled Principal Collections 1,708,290
(i) Unscheduled Principal Collections 70,095,747
Gross Principal Collections 71,804,036
less
(g) Redraw Advances, Line of Credit Advances and
Permitted Further Advances 29,887,789
(e) Net Principal Collections 41,916,247
Application of Cash Reserve and Advances
Reserve as Available Amortisation Amount (773,390)
(l) Charge-offs and Unreimbursed Charge-offs 0
(f) Available Amortisation Amount 41,142,857
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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 1,430,932,701
Total number of Loans 5,647
Average Loan Balance 253,396.97
Weighted Average LVR 72.72
Seasoning No of Loans % by number Balance % by balance
0 to 6 months 3,449 61.08% 874,502,045 61.11%
6 to 12 months 1,707 30.23% 432,567,911 30.23%
12 to 18 months 311 5.51% 81,849,580 5.72%
18 to 24 months 96 1.70% 23,586,679 1.65%
24 to 36 months 54 0.96% 14,207,183 0.99%
36 to 48 months 4 0.07% 914,886 0.06%
48 to 60 months 2 0.04% 484,848 0.03%
>60 months 24 0.43% 2,819,569 0.20%
5,647 100.0% 1,430,932,701 100.00%
(k) AGGREGATE LOSS AMOUNT NIL
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(m) DELINQUENCY AND LOSSES
Delinquency AUD Amount % of
of Loans Pool
31 - 60 days 9,444,156 0.66%
61 - 90 days 3,434,238 0.24%
90+ days 2,003,306 0.14%
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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