-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T49dGbig9juJLx8FRcxNAaMnZLgUyvgNqbGw7eYa7ApFRJeEwJwelxkUnAZTUXJW FWGK5MarIWmdn4iLf/b8JA== 0000902561-01-000146.txt : 20010402 0000902561-01-000146.hdr.sgml : 20010402 ACCESSION NUMBER: 0000902561-01-000146 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010223 FILED AS OF DATE: 20010330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SECURITISATION ADVISORY SEVS PTY LTD SER 2000-2G MEDALLION T CENTRAL INDEX KEY: 0001123600 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: SEC FILE NUMBER: 333-44600-01 FILM NUMBER: 1585311 BUSINESS ADDRESS: STREET 1: LEVEL 8, 48 MARTIN PLACE STREET 2: SYDNEY NEW S. WALES 2000 AUSTRALIA CITY: SYDNEY MAIL ADDRESS: STREET 1: LEVEL 8, 48 MARTIN PLACE STREET 2: SYDNEY NEW S. WALES 2000 AUSTRALIA CITY: SIDNEY 6-K 1 0001.txt REPORT OF FOREIGN ISSUER SECURITIES AND EXCHANGE COMMISSION Washington, D.C 20549 FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a - 16 or 15d - 16 of The Securities Exchange Act of 1934 For the Collection Period ending 28 February 2001. SECURITISATION ADVISORY SERVICES PTY LIMITED, as manager of the Series 2000-2G Medallion Trust ----------------------------------------------------- (Translation of registrant's name into English) Level 8, 48 Martin Place, Sydney, NSW 2000 Australia ----------------------------------------------------- (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F __X__ Form 40-F__ __ Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ____ No __X__ If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_____________________ OTHER EVENTS On September 14, 2000 Perpetual Trustee Company Limited, in its capacity as Issuer Trustee (the Issuer Trustee) of the Series 2000-2G Medallion Trust (the Trust), publicly issued US$1,060,200,000 of Class A-1 Mortgage Backed Floating Rate Notes due December 18, 2031 (the Notes) pursuant to a registration statement (No. 333- 44600 ) declared effective on August 30, 2000. Securitisation Advisory Services Pty Limited was the manager for the issuance of the Notes. Securitisation Advisory Services Pty Limited granted the underwriters a discount of US$1,590,300 in connection with the sale of the Notes. The Issuer Trustee used the net proceeds from the sale of the Notes, which amounted to US $1,058,609,700 to acquire equitable title to the housing loans and related mortgages included in the assets of the Trust from Commonwealth Bank of Australia and for general expenses relating to the Trust, including any premiums payable to any of the swap providers for the Trust. On December 18, 2000, the Distribution Date, the Trust made a regular quarterly distribution of principal and interest to the holders of the Class A-1 Notes issued by the Trust. On March 19, 2001, the Distribution Date, the Trust made a regular quarterly distribution of principal and interest to the holders of the Class A-1 Notes issued by the Trust. -2- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf, as Manager for the Series 2000-2G Medallion Trust, by the undersigned, thereunto duly authorised. Securitisation Advisory Services Pty Limited, As Manager for the Series 2000-2G Medallion Trust, -------------------------------------------------- (Registrant) Dated: 22 March, 2001 By: ----------------------------------- Name: Tim See ------------------------------ Title: Authorised Officer ----------------------------- -3- EXHIBIT INDEX Exhibit Description - ------------ -------------------------------------------------------- 99.1 The Quarterly Servicing Report for the Distribution Date on March 19, 2001. 99.2 Required Collateral Information -4- EXHIBIT 99.1 SERIES 2000-2G MEDALLION TRUST QUARTERLY SERVICERS CERTIFICATE Quarterly Summary Distribution Details - -------------------------------------------------------------------------------- REPORTING DATES Closing Date 14-Sep-00 Determination Date 01-Mar-01 Notice Date 16-Mar-01 Distribution Date 19-Mar-01 Start Accrual Period 18-Dec-00 End Accrual Period 19-Mar-01 No. Of Days in Accrual Period 91 Start Collection Period 01-Dec-00 End Collection Period 28-Feb-01 No. Of Days in Collection Period 90 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SECURITIES ON ISSUE No. of Initial Invested Initial Invested Certificates Amount (US$) Amount (A$) ------------ ---------------- ---------------- Class A-1 Notes 10,602 1,060,200,000.00 1,884,800,000 Class A-2 Notes 4,000 n/a 400,000,000 Class B Notes 270 n/a 27,000,000 Redraw Bond - series 1 0 n/a - Redraw Bond - series 2 0 n/a - US$/A$ exchange rate at issue 0.5625 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- INTEREST RATE FOR ACCRUAL PERIOD Bank Interest Interest Bill Rate Margin Rate --------- -------- -------- Class A-1 Notes (payable to Currency Swap provider) 6.1633% 0.3724% 6.5357% Class A-2 Notes 6.1633% 0.3700% 6.5333% Class B Notes 6.1633% 0.5700% 6.7333% Redraw Bond - series 1 0.0000% 0.0000% 0.0000% Redraw Bond - series 2 0.0000% 0.0000% 0.0000% BBSW Interest & Unpaid Interest Rate for Accrual 6.1633% Period Facilities BBSW 6.1633% - -------------------------------------------------------------------------------- Page 1 - -------------------------------------------------------------------------------- DISTRIBUTIONS PAYABLE ON DISTRIBUTION DATE Per Cert. Aggregate --------- --------- Total Interest Amount: Class A-1 Notes 2,744.68 29,099,044.35 Class A-2 Notes 1,543.31 6,173,240.00 Class B Notes 1,668.18 450,408.60 Redraw Bond - series 1 - - Redraw Bond - series 2 - - Principal: Class A-1 Notes 9,055.23 96,003,607.36 Class A-2 Notes 5,093.57 20,374,280.00 Class B Notes 381.99 103,137.30 Redraw Bond - series 1 - - Redraw Bond - series 2 - - Total: Class A-1 Notes 11,799.91 125,102,651.71 Class A-2 Notes 6,636.88 26,547,520.00 Class B Notes 2,050.17 553,545.90 Redraw Bond - series 1 - - Redraw Bond - series 2 - - Total 20,486.96 152,203,717.61 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- POOL FACTORS Last Current Distribution Distribution Date Date ------------ ------------ Class A-1 Notes 0.94748750 0.89655180 Class A-2 Notes 0.94748750 0.89655180 Class B Notes 0.99372570 0.98990580 Redraw Bond - series 1 - - Redraw Bond - series 2 - - - -------------------------------------------------------------------------------- Page 2
QUARTERLY CASHFLOW WORKING SHEET - -------------------------------- Per Certificate Aggregate $ $ --------------- -------------- Finance Charge Collections 40,592,988.97 Finance Charge Collections - Repurchases 2,536.45 Finance Charge Damages - Income due to Seller - Other Income 1,786,659.20 PRELIMINARY INCOME AMOUNT 42,382,184.62 Taxes 86,689.69 Trustee Fee 41,052.63 Security Trustee Fee - Manager Fee 163,923.41 Servicing Fee 1,366,028.44 Liquidity Commitment Fee 10,575.52 Redraw Commitment Fee 9,349.32 Support Facility Payments 2,685,585.80 Support Facility Receipts - Expenses 46,948.73 Previous Unpaid Facility Int Chg - Liquidity - Liquidity Interest Charge + Previous Unpaid 247,198.25 Previous Unpaid Facility Int Chg - Redraw Facility - Redraw Interest Charge + Previous Unpaid - Repayment of Liquidity Facility 15,581,686.35 TOTAL INTEREST AMOUNT - CLASS A-1 NOTES 29,099,044.35 - Class A-2 Notes 6,173,240.00 - Class B Notes 450,408.60 - Redraw Bonds - series 1 - - Redraw Bonds - series 2 - REQUIRED INCOME AMOUNT 55,961,731.09 Income Shortfall 13,579,546.47 Liquidity Facility Draw 13,579,546.47 Principal Chargeoff Unreimbursement - Principal Chargeoff - Total Principal Chargeoff Reimbursement Due - PAYMENT ALLOCATION CASCADE PRELIMINARY INCOME AMOUNT 42,382,184.62 Liquidity Facility Draw 13,579,546.47 AVAILABLE INCOME AMOUNT 55,961,731.09
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Monthly Due Available Paid Allocation ------------- ------------- ------------- ------------- Taxes 86,689.69 55,961,731.09 86,689.69 86,689.69 Trustee Fee 41,052.63 55,875,041.40 41,052.63 41,052.63 Security Trustee Fee - 55,833,988.77 - - Manager Fee 163,923.41 55,833,988.77 163,923.41 163,923.41 Servicing Fee 1,366,028.44 55,670,065.36 1,366,028.44 1,366,028.44 Liquidity Commitment Fee 10,575.52 54,304,036.92 10,575.52 10,575.52 Redraw Commitment Fee 9,349.32 54,293,461.40 9,349.32 9,349.32 Support Facility Payments 2,685,585.80 54,284,112.08 2,685,585.80 2,685,585.80 Support Facility Receipts - 51,598,526.28 - - Expenses 46,948.73 51,598,526.28 46,948.73 46,948.73 Liquidity Interest Charge 247,198.25 51,551,577.55 247,198.25 247,198.25 Repayment of Liquidity Facility 15,581,686.35 51,304,379.30 15,581,686.35 15,581,686.35 Interest Amount Payable - Redraw Facility - 35,722,692.95 - - - Class A-1 Notes 29,099,044.35 35,722,692.95 29,099,044.35 29,099,044.35 - Class A-2 Notes 6,173,240.00 6,623,648.60 6,173,240.00 6,173,240.00 - Redraw Bonds - series 1 - 450,408.60 - - - Redraw Bonds - series 2 - 450,408.60 - - - Class B Notes 450,408.60 450,408.60 450,408.60 450,408.60 Total Principal Chargeoff Reimbursement - 0.00 - - EXCESS DISTRIBUTION 0.00 0.00 Unpaid Facility Int Chg - Liquidity - - Redraw - Unpaid Security Interest Amount - Class A-1 Notes - - Class A-2 Notes - - Class B Notes - - Redraw Bonds - series 1 - - Redraw Bonds - series 2 - FACILITIES OUTSTANDING Liquidity Commitment Facility Limit 58,000,000.00 Beginning Liquidity Commitment Facility 42,418,313.65 Previous Liquidity Facility Draw 15,581,686.35 Repayment of Liquidity Facility 15,581,686.35 Liquidity Facility Draw 13,579,546.47 Ending Liquidity Commitment Facility 44,420,453.53 Redraw Commitment Facility Limit 50,000,000.00 Beginning Redraw Commitment Facility 50,000,000.00 Previous Redraw Facility Draw - Previous Redraw Facility Draw - Chargeoffs - Repayment of Redraw Facility - Repayment of Unreimbursed Chargeoffs - Redraw Facility Draw - Unreimbursed Chargeoffs - Redraw Facility Available to Draw 50,000,000.00 Redraw Facility Draw - Ending Redraw Commitment Facility 50,000,000.00
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INTEREST AND PRINCIPAL DISTRIBUTION WORKSHEET Per Certificate Aggregate $ $ --------------- --------------- INTEREST AMOUNT CLASS A-1 NOTES Unpaid Security Interest Amount (after last Distribution Date) - Interest on Unpaid Security Interest Amount - - Security Interest Amount 2,744.68 29,099,044.35 Total Interest Amount 29,099,044.35 Unpaid Security Interest Amount (after last Distribution Date) - Interest on Unpaid Security Interest Amount - Security Interest Amount 29,099,044.35 Interest Amount Payable 2,744.68 29,099,044.35 Unpaid Security Interest Amount - CLASS A-2 NOTES Unpaid Security Interest Amount (after last Distribution Date) - Interest on Unpaid Security Interest Amount - - Security Interest Amount 1,543.31 6,173,240.00 Total Interest Amount 6,173,240.00 Unpaid Security Interest Amount (after last Distribution Date) - Interest on Unpaid Security Interest Amount - Security Interest Amount 6,173,240.00 Interest Amount Payable 1,543.31 6,173,240.00 Unpaid Security Interest Amount - CLASS B NOTES Unpaid Security Interest Amount (after last Distribution Date) - Interest on Unpaid Security Interest Amount - - Security Interest Amount 1,668.18 450,408.60 Total Interest Amount 450,408.60 Unpaid Security Interest Amount (after last Distribution Date) - Interest on Unpaid Security Interest Amount - Security Interest Amount 450,408.60 Interest Amount Payable 1,668.18 450,408.60 Unpaid Security Interest Amount - REDRAW BONDS - SERIES 1 Unpaid Security Interest Amount (after last Distribution Date) - Interest on Unpaid Security Interest Amount - - Security Interest Amount - - Total Interest Amount - Unpaid Security Interest Amount (after last Distribution Date) - Interest on Unpaid Security Interest Amount - Security Interest Amount - Interest Amount Payable - - Unpaid Security Interest Amount - REDRAW BONDS - SERIES 2 Unpaid Security Interest Amount (after last Distribution Date) - Interest on Unpaid Security Interest Amount - - Security Interest Amount - - Total Interest Amount - Unpaid Security Interest Amount (after last Distribution Date) - Interest on Unpaid Security Interest Amount - Security Interest Amount - Interest Amount Payable - - Unpaid Security Interest Amount - Page 5 Per Certificate Aggregate $ $ --------------- ---------------- PRINCIPAL AMOUNT Principal Collections 130,464,362.88 Principal Collections - Repurchases 96,515.85 less Repayment Of Redraw Facility - less Total Customer Redraw (14,079,855.19) plus Redraw Facility Draw - plus Redraw Bonds Issue this month - Aggregate Principal Damages from Seller & Servicer - Principal Chargeoff Reimbursement - Class B Notes - - Class A-1 Notes - - Class A-2 Notes - - Redraw Bonds - Series 1 - - Redraw Bonds - Series 2 - - Redraw Facility - Principal rounding b/f 2.00 Scheduled Principal Amount 8,409,674.01 Scheduled Principal Amount less redraws 8,409,674.01 Unscheduled Principal Amount - Partial Prepayment 85,169,364.25 Unscheduled Principal Amount - Full Prepayment 36,981,840.47 Unscheduled Principal Amount - less redraws + C/O Reim 108,071,349.53 Total Available Principal Amount for Redraw Bonds 116,481,025.54 Principal Distribution - Redraw Bonds - Series 1 - - Principal Distribution - Redraw Bonds - Series 2 - - Principal rounding b/f 2.00 Total Unscheduled Principal Amount 108,071,349.53 Total Scheduled Principal Amount 8,409,674.01 Total Available Principal Amount for Notes 116,481,025.54 PRINCIPAL ALLOCATION Class A Percentage via Stepdown 100% 50% Class A Available Principal Payment Class A-1 Principal Payment 9055.23 96,003,607.36 Class A-2 Principal Payment 5093.57 20,374,280.00 Class B Principal Payment 381.99 103,137.30 Principal rounding c/f 0.88 Outstanding Principal - beginning period 2,191,650,031.90 less Principal Repayment (130,560,878.73) plus Total Customer Redraw 14,079,855.19 less Principal Losses - Outstanding Principal - Closing period 2,075,169,008.36 PRINCIPAL LOSSES Principal Losses - Principal Draw Amount - Pool Mortgage Insurance Policy - Principal Draw Amount - Individual Mortgage Insurance Policy - Net Principal Losses - Principal Chargeoff - Class B Notes - - Class A-1 Notes - - Class A-2 Notes - - Redraw Bonds Series 1 - - Redraw Bonds Series 2 - - Redraw Facility - CLASS A-1 NOTES Beginning Unreimbursed Principal Chargeoffs - Principal Chargeoff - Principal Chargeoff Reimbursement - Ending Unreimbursed Principal Chargeoffs - CLASS A-2 NOTES Beginning Unreimbursed Principal Chargeoffs - Principal Chargeoff - Principal Chargeoff Reimbursement - Ending Unreimbursed Principal Chargeoffs - Page 6 Per Certificate Aggregate $ $ --------------- ---------------- CLASS B NOTES Beginning Unreimbursed Principal Chargeoffs - Principal Chargeoff - Principal Chargeoff Reimbursement - Ending Unreimbursed Principal Chargeoffs - REDRAW BONDS - SERIES 1 Beginning Unreimbursed Principal Chargeoffs - Principal Chargeoff - Principal Chargeoff Reimbursement - Ending Unreimbursed Principal Chargeoffs - redraw bonds - series 2 Beginning Unreimbursed Principal Chargeoffs - Principal Chargeoff - Principal Chargeoff Reimbursement - Ending Unreimbursed Principal Chargeoffs - REDRAW FACILITY Beginning Unreimbursed Principal Chargeoffs - Principal Chargeoff - Principal Chargeoff Reimbursement - Ending Unreimbursed Principal Chargeoffs -
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INVESTORS BALANCE OUTSTANDING WORKSHEET - --------------------------------------- Aggregate Aggregate US$ A$ ---------------- ----------------- CLASS A-1 NOTES Initial Invested Amount 1,060,200,000.00 1,884,800,000.00 previous Principal Distribution 55,673,752.50 98,975,560.00 Principal Distribution for current period 54,002,029.14 96,003,607.36 Total Principal Distribution to date 109,675,781.64 194,979,167.36 Beginning Invested Amount 1,004,526,247.50 1,785,824,440.00 Ending Invested Amount 950,524,218.36 1,689,820,832.64 Unreimbursed Principal Chargeoffs - - Beginning Stated Amount 1,004,526,247.50 1,785,824,440.00 Ending Stated Amount 950,524,218.36 1,689,820,832.64 CLASS A-2 NOTES Initial Invested Amount 400,000,000.00 previous Principal Distribution 21,005,000.00 Principal Distribution for current period 20,374,280.00 Total Principal Distribution to date 41,379,280.00 Beginning Invested Amount 378,995,000.00 Ending Invested Amount 358,620,720.00 Unreimbursed Principal Chargeoffs - Beginning Stated Amount 378,995,000.00 Ending Stated Amount 358,620,720.00 CLASS B NOTES Initial Invested Amount 27,000,000.00 previous Principal Distribution 169,406.10 Principal Distribution for current period 103,137.30 Total Principal Distribution to date 272,543.40 Beginning Invested Amount 26,830,593.90 Ending Invested Amount 26,727,456.60 Unreimbursed Principal Chargeoffs - Beginning Stated Amount 26,830,593.90 Ending Stated Amount 26,727,456.60 REDRAW BONDS - SERIES 1 Previous Initial Invested Amount - Initial Invested Amount - Principal Distribution (after last Distribution Date) - Principal Distribution for current period - Total Principal Distribution to date - Beginning Invested Amount - Ending Invested Amount - Unreimbursed Principal Chargeoffs - Beginning Stated Amount - Ending Stated Amount - REDRAW BONDS - SERIES 2 Previous Initial Invested Amount - Initial Invested Amount - Principal Distribution (after last Distribution Date) - Principal Distribution for current period - Total Principal Distribution to date - Beginning Invested Amount - Ending Invested Amount - Unreimbursed Principal Chargeoffs - Beginning Stated Amount - Ending Stated Amount - Page 8 Aggregate Aggregate US$ A$ ---------------- ----------------- AVERAGE MONTHLY PERCENTAGE Current Balance of Arrears greater than 60 Days 2,419,199.73 Current Outstanding Loan Balance 2,075,169,008.36 Average Monthly Percentage 0.00 Monthly Percentage - Current Period 0.00 Monthly Percentage Month 2 0 Monthly Percentage Month 3 - Monthly Percentage Month 4 - Monthly Percentage Month 5 - Monthly Percentage Month 6 - Monthly Percentage Month 7 - Monthly Percentage Month 8 - Monthly Percentage Month 9 - Monthly Percentage Month 10 - Monthly Percentage Month 11 - Monthly Percentage Month 12 - STEPDOWN CONDITIONS Years since initial Determination Date 0.75 Required Subordinated Percentage - Available Subordinated Percentage 0.01 Aggregate Unreimbursed Principal Chargeoffs - Required Class B Stated Amount Outstanding 5,712,000.00 Year < 5, 2% Avg Mo. Perc, Unreim C/O Maximum 8,100,000.00 Year < 5, 4% Avg Mo. Perc, Unreim C/O Maximum 2,700,000.00 5 <= Year < 6, Unreim C/O Maximum 8,100,000.00 6 <= Year < 7, Unreim C/O Maximum 9,450,000.00 7 <= Year < 8, Unreim C/O Maximum 10,800,000.00 8 <= Year < 9, Unreim C/O Maximum 12,150,000.00 9 <= Year, Unreim C/O Maximum 13,500,000.00 Stepdown Condition less than 5 years TRUE Stepdown Condtion greater than & equal to 5 years FALSE Year >= 5, 2% Avg Mo. Perc, Unreim C/O Maximum TRUE Year - Stepdown Condition Test 5 TRUE 6 TRUE 7 TRUE 8 TRUE 9 TRUE Year - Stepdown Class A Criteria FALSE TRUE Class A Percentage 0 1 0.5 0.50 1 1 0.5 0.50 2 1 0.5 0.50 3 1 0 - 4 1 0 - 5 1 0.7 1.00 6 1 0.6 1.00 7 1 0.4 1.00 8 1 0.2 1.00 9 1 0 1.00 10 0 0 - STEPUP CONDITIONS Step-up Date December 18, 2007 Stepup margin - Class A-1 Notes 0.57240% - Class A-2 Notes 0.7000%
Page 9 EXHIBIT 99.2 Form 6-K Required Collateral information Series 2000-2G Medallion Trust Series 2000-2G Medallion Trust Data as at opening of business on the preceding determination date of March 1, 2001 OUTSTANDING MORTGAGE BALANCE (AUD) - ---------------------------------- Amount WAC ------------- ------- - Variable Rate Housing Loans $1,546,213,580 7.26% - Fixed 1 Year $82,261,332 6.84% - Fixed 2 Year $246,129,499 7.09% - Fixed 3 Year $105,297,490 7.09% - Fixed 4 Year $91,136,273 7.59% - Fixed 5 Year $7,858,032 7.68% Total Pool $2,078,896,206 7.23% DELINQUENCY INFORMATION - ----------------------- No. of Loans %of Pool AUD amount of Loans % of Pool ------------ -------- ------------------- --------- 31-60 days 22 0.11% $2,870,749.78 0.14% 61-90 days 11 0.06% $1,162,770.74 0.06% 90+ days 10 0.05% $1,256,428.99 0.06% Mortgagee In Possession 0 0.00% $0.00 0.00% -----END PRIVACY-ENHANCED MESSAGE-----