Exhibit 20.3
SCHEDULE TO MONTHLY SERVICER'S REPORT
Monthly Period ended 8/31/2006
Distribution Date 9/15/2006
All amounts in Thousands of Pounds Sterling except where otherwise stated
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Total Allocated to Allocated to Investor Interest
1 Sources of funds Transferor Total Series 05-A Series 05-B
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Principal Collections 1,068,734 436,606 632,128 315,981 316,147
Finance Charge Collections 82,158 33,564 48,594 24,291 24,303
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Total Funds Received 1,150,892 470,170 680,722 340,272 340,450
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2 Application of Principal Collections Total Series 05-A Series 05-B
Investor Percentage of Principal Collections 632,128 315,981 316,147
deduct:
Utilised Retained Principal Collections
allocable to Class C 0 0 0
allocable to Class B 0 0 0
Transferred to Series Collections Ledger 0 0 0
Shared Principal Collections 0 0 0
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Cash Available for Acquisition 632,128 315,981 316,147
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3 Application of Finance Charge Collections Total Series 05-A Series 05-B
Investor Percentage of Finance Charge Collections 48,594 24,291 24,303
deduct:
Trustee payment amount -- -- --
Loan Note Issuer Costs 25 12 12
Monthly Distribution Amounts 12,395 6,179 6,216
Servicing fee payable to RBS 1,807 903 904
Cash Management fee payable to RBS 1 0.50 0.50
Investor Default Amount 19,804 9,899 9,905
Expenses loan principal and interest -- -- --
Available Spread 14,563 7,297 7,267
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4 Payments in respect of the Securities
Series 05-A -------------------------------------
Class A Class B Class C
USD 000s USD 000s USD 000s
Balance at 15 August 2006 2,175,000 175,000 150,000
Principal repayments on 15 September 2006 -- -- --
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Balance carried forward on 15 September 2006 2,175,000 175,000 150,000
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Interest due on 15 September 2006 10,020 830 730
Interest paid (10,020) (830) (730)
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Interest unpaid -- -- --
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Series 05-B Class A-1 Class A-2 Class A-3 Class B-3 Class C-1 Class C-3
USD 000s EUR 000s GBP 000s GBP 000s USD 000s GBP 000s
Balance at 15 August 2006 435,000 450,000 700,000 101,000 42,000 63,000
Principal repayments on 15 September 2006 -- -- -- -- -- --
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Balance carried forward on 15 September 2006 435,000 450,000 700,000 101,000 42,000 63,000
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Interest due on 15 September 2006 5,980 1,238 8,511 1,271 615 825
Interest paid (5,980) (1,238) (8,511) (1,271) (615) (825)
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Interest unpaid -- -- -- -- -- --
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5 Transaction Accounts and Ledgers
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Total Series 05-A Series 05-B
Reserve Account
Required Reserve Amount -- -- --
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Balance at 15 August 2006 -- -- --
Transfer in/out this period -- -- --
Interest earned -- -- --
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Balance carried forward on 15 September 2006 -- -- --
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Spread Account
Required Spread Account Amount -- -- --
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Balance at 15 August 2006 -- -- --
Transfer in/out this period -- -- --
Interest earned -- -- --
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Balance carried forward on 15 September 2006 -- -- --
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Principal Funding Account
Balance at 15 August 2006 -- -- --
Transfer in/out this period -- -- --
Interest earned -- -- --
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Balance carried forward on 15 September 2006 -- -- --
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6 Subordination Percentages Series 05-A Series 05-B
Original Current Original Current
(pound)000 % (pound)000 % (pound)000 % (pound)000 %
Class A Investor Interest 1,257,225 87% 1,257,225 87% 1,257,568 87% 1,257,568 87%
Class B Investor Interest 101,156 7% 101,156 7% 101,000 7% 101,000 7%
Class C Investor Interest 86,705 6% 86,705 6% 87,277 6% 87,277 6%
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Total Investor Interest 1,445,087 100% 1,445,087 100% 1,445,845 100% 1,445,845 100%
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7 Assets of the Trust
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(pound)000
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Total receivables at 31-Jul-06 (pound)4,812,820
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Aggregate amount of receivables that, as at
31 July 2006 were delinquent by: 30-59 days 63,873
60-89 days 49,435
90-179 days 125,647
180 or more days 178,575
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8 Material Changes
New Issuance during period NONE
Material modifications to pool asset terms NONE
Material modifications to origination policies NONE
Material breaches of pool asset representations,
warranties or covenants NONE
9 Trigger Information
Series Pay Out Events NONE
Trust Pay Out Events NONE
10 Other Material Information that would be reportable on form 10-Q
Legal Proceedings NONE
Changes in Securities NONE
Submission of Matters to a Vote of Security Holders NONE
Other Information NONE
IN WITNESS WHEREOF, the undersigned has duly executed this Schedule to the
Monthly Servicer's Report as of the 15th day of September, 2006
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The Royal Bank of Scotland plc, as Servicer
Colin Baillie
Chief Financial Officer, Cards Business