Exhibit 20.4
SCHEDULE TO MONTHLY SERVICER'S REPORT
Monthly Period ended 3/31/2007
Distribution Date 4/16/2007
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 Series 07-A
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Principal Collections 1,090,853 403,822 687,032 336,682 336,859 13,491
Finance Charge Collections 73,172 27,088 46,085 22,584 22,596 905
Interchange 8,235 3,049 5,187 2,542 2,543 102
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Total Funds Received 1,172,261 433,958 738,303 361,808 361,998 14,498
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2 Application of Principal Collections Total Series 05-A Series 05-B Series 07-A
Investor Percentage of Principal Collections 687,032 336,682 336,859 13,491
deduct:
Utilised Retained Principal Collections
allocable to Class C 0 0 0 0
allocable to Class B 0 0 0 0
Transferred to Series Collections Ledger 0 0 0 0
Shared Principal Collections 0 0 0 0
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Cash Available for Acquisition 687,032 336,682 336,859 13,491
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3 Application of Finance Charge Collections Total Series 05-A Series 05-B Series 07-A
Investor Percentage of Finance Charge Collections 51,271 25,126 25,139 1,007
deduct:
Trustee payment amount 2 1 1 0
Loan Note Issuer Costs 25 12 12 0
Monthly Distribution Amounts 14,552 7,035 7,073 444
Servicing fee payable to RBS 1,843 903 904 36
Cash Management fee payable to RBS 2 1 1 1
Investor Default Amount 22,021 10,792 10,797 432
Notional transfer between Series (see Note) -- -- -- --
Available Spread 12,827 6,383 6,351 93
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Note: "Notional transfer between Series" refers to the fact that
amounts that would otherwise constitute Available Spread in respect
of Series 2005-A and 2005-B may be allocated, to the extent
necessary, to Series 2007-A to form part of available funds for that
Series.
4 Payments in Respect of the Securities
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Series 05-A Class A Class B Class C
USD 000s USD 000s USD 000s
Balance at 15 Mar 2007 2,175,000 175,000 150,000
Principal repayments on 16 Apr 2007 -- -- --
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Balance carried forward on 16 Apr 2007 2,175,000 175,000 150,000
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Interest due on 16 Apr 2007 10,324 856 752
Interest paid (10,324) (856) (752)
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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 Mar 2007 435,000 450,000 700,000 101,000 42,000 63,000
Principal repayments on 16 Apr 2007 -- -- -- -- -- --
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Balance carried forward on 16 Apr 2007 435,000 450,000 700,000 101,000 42,000 63,000
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Interest due on 16 Apr 2007 -- 1,578 -- -- -- --
Interest paid -- (1,578) -- -- -- --
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Interest unpaid -- -- -- -- -- --
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Series 07-A Class A2 Class A3
EUR 000s GBP 000s
Balance at 15 Mar 2007 51,200 24,000
Principal repayments on 16 Apr 2007 -- --
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Balance carried forward on 16 Apr 2007 51,200 24,000
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Interest due on 16 Apr 2007 321 181
Interest paid (321) (181)
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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 Series 07-A
Reserve Account
Required Reserve Amount -- -- -- --
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Balance at 15 Mar 2007 -- -- -- --
Transfer in/out this period -- -- -- --
Interest earned -- -- -- --
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Balance carried forward on 16 Apr 2007 -- -- -- --
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Spread Account
Required Spread Account Amount 28,953 -- -- 28,953
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Balance at 15 Mar 2007 28,953 -- -- 28,953
Transfer in/out this period -- -- -- --
Interest earned -- -- -- --
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Balance carried forward on 16 Apr 2007 28,953 -- -- 28,953
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Principal Funding Account
Balance at 15 Mar 2007 -- -- -- --
Transfer in/out this period -- -- -- --
Interest earned -- -- -- --
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Balance carried forward on 16 Apr 2007 -- -- -- --
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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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Series 07-A
Original Current
(pound)000 % (pound)000 %
Class A Investor Interest 57,905 100% 57,905 100%
Class B Investor Interest -- 0% -- 0%
Class C Investor Interest -- 0% -- 0%
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Total Investor Interest 57,905 100% 57,905 100%
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7 Assets of the Trust
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(pound)000
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Total receivables at 31-Mar-07 (pound)4,618,333
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Aggregate amount of receivables that, as at
31 Mar 2007 were delinquent by: 30-59 days 60,250
60-89 days 47,384
90-179 days 122,693
180 or more days 187,448
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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 16th day of April, 2007
The Royal Bank of Scotland plc, as Servicer
Patrick Neville
Chief Financial Officer, Cards Business
IN WITNESS WHEREOF, the undersigned has duly executed this Schedule
to the Monthly Servicer's Report as of the 16th day of April, 2007
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The Royal Bank of Scotland plc, as Servicer
Patrick Neville
Chief Financial Officer, Cards Business