-----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, SQ3CTSyrkhna1YkZ0A2OmpZP9JSAFHv+jzPy18lFxyhrf6u70ovcDUKrduUDZ/pH jNn0z6/6LhBhi5veZS/1MQ== 0000902561-03-000288.txt : 20030610 0000902561-03-000288.hdr.sgml : 20030610 20030610100605 ACCESSION NUMBER: 0000902561-03-000288 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030602 FILED AS OF DATE: 20030610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ME PORTFOLIO MANAGEMENT LTD CENTRAL INDEX KEY: 0001186142 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-100087 FILM NUMBER: 03738289 BUSINESS ADDRESS: STREET 1: LEVEL 23 360 COLLINS STREET CITY: MELBOURNE VIC STATE: C3 ZIP: 00000 6-K 1 form6k_clark60903.txt FORM 6-K -- 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 Quarterly Payment Date on June 2, 2003 ME PORTFOLIO MANAGEMENT LIMITED, ------------------------------------------------------- as manager of the SMHL Global Fund No. 3 (Exact name of Registrant as specified in its Charter) LEVEL 23, 360 COLLINS STREET, MELBOURNE, VIC 3000, 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 the Quarterly Payment Date falling on June 2, 2003, Perpetual Trustees Australia Limited, in its capacity as issuer trustee (the "Issuer Trustee") made a regular quarterly distribution of principal and interest to the holders of the Class A Mortgage-Backed Floating Rate Notes (the "Notes"). FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits See page 4 for Exhibit Index -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 SMHL Global Fund No. 3, by the undersigned, thereunto duly authorized. ME PORTFOLIO MANAGEMENT LIMITED, as Manager for the SMHL Global Fund No.3, ---------------------------------------------- (Registrant) Dated: June 10, 2003 By: /S/ NICHOLAS VAMVAKAS ------------------------------------------- Name: Nicholas Vamvakas Title: Director (Chief Financial Officer) -3- EXHIBIT INDEX - -------- ---------------------------------------------------------------------- EXHIBIT DESCRIPTION - -------- ---------------------------------------------------------------------- 99.1 Revised Noteholders Report for the Quarterly Payment Date on June 2, 2003 -4- EX-99 3 form6k_exh991clark060903.txt EXHIBIT 99.1 -- NOTEHOLDERS REPORT (Q: 6-2-2003) EXHIBIT 99.1 SMHL Global Fund No.3 For Distribution Date: 06/02/2003
- -------------------------------------------------------------------------------------------------------------------- BEGINNING ORIGINAL PERIOD PRINCIPAL INTEREST TOTAL CLASS BALANCE INVESTMENT AMOUNT DISTRIBUTION DISTRIBUTION DISTRIBUTION - ----- -------------------- -------------------- ------------------ ---------------- ------------------ A USD 1,400,000,000.00 USD 1,187,078,117.99 USD 122,300,149.53 USD 4,677,293.87 USD 126,977,443.40 B AUD 33,700,000.00 AUD 33,700,000.00 AUD 0.00 AUD 448,496.22 AUD 448,496.22 ENDING OUTSTANDING PERIOD PRINCIPAL INVESTED AMOUNT BALANCE -------------------- -------------------- USD 1,064,777,968.46 USD 1,064,777,968.46 AUD 33,700,000.00 AUD 33,700,000.00 - --------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- BOND CURRENT PASS CLASS FACTOR THROUGH RATES* - ----- ------------ -------------- A $0.760555692 1.55875% * Based on a LIBOR of: 1.33875% B $1.000000000 5.28000% * Based on a BBSW of: 4.73000% - -------------------------------------------------------------------------------- AMOUNTS PER $1,000 UNIT - -------------------------------------------------------------------------------- ENDING PRINCIPAL INTEREST TOTAL PERIOD CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE - ----- --------------- -------------- --------------- ----------------- A USD 87.35724966 USD 3.94017361 USD 91.29742327 USD 760.55569176 B AUD 0.0000000 AUD 13.3084932 AUD 13.3084932 AUD 1,000.0000000 - --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------- QUARTERLY PRINCIPAL SCHEDULED DISTRIBUTION PRINCIPAL PREPAYMENTS LIQUIDATIONS INSURANCE PROCEEDS TOTAL - ------------ --------- ----------- ------------ ------------------ ----- Class A USD 7,576,977.74 USD114,723,171.79 USD 0.00 USD 0.00 USD 122,300,149.53 Per $1000 unit USD 5.41212696 USD81.94512270 USD 0.00000000 USD 0.00000000 USD 87.35724966 Class B AUD 0.0000000 AUD 0.0000000 AUD 0.0000000 AUD 0.0000000 AU0.0000000 Per $1000 unit AUD 0.0000000 AUD 0.0000000 AUD 0.0000000 AUD 0.0000000 AUD 0.0000000 - ---------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------- COLLATERAL DISTRIBUTIONS CURRENT PERIOD SINCE INCEPTION CURRENT PERIOD SINCE INCEPTION ------------------- -------------------- -------------------- -------------------- Beginning Collateral Balance AUD 2,199,900,945.23 AUD 2,588,444,542.68 USD 1,205,545,717.98 USD 1,418,467,609.39 - -Scheduled Principal Payments 13,826,601.72 31,038,370.75 7,576,977.74 17,009,027.17 - -Unscheduled Principal Payments 222,755,441.21 616,203,934.13 122,069,981.79 337,679,755.91 +Principal Redraws 13,406,587.59 35,523,252.09 7,346,810.00 19,466,742.15 - -Insurance Proceeds 0.00 0..00 0.00 0.00 - -Liquidation Proceeds 0.00 0.00 0.00 0.00 - -Realized Losses from Liquidations 0.00 0.00 0.00 0.00 ---- ---- ---- ---- Ending Collateral Balance AUD 1,976,725,489.89 AUD 1,976,725,489.89 USD 1,083,245,568.46 USD 1,083,245,568.46 ================ ================ ================ ================ - -----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------- OUTSTANDING MORTGAGE INFORMATION PERIOD SINCE INCEPTION PERIOD SINCE INCEPTION -------------------- -------------------- -------------------- -------------------- Outstanding Principal Balance - Fixed rate housing loans AUD 271,141,246.15 AUD 316,985,272.56 USD 148,585,402.89 USD 173,707,929.36 Outstanding Principal Balance - Variable rate housing loans AUD 1,705,584,243.74 AUD 2,271,459,270.12 USD 934,660,165.57 USD 1,244,759,680.03 ---------------- ---------------- -------------- ---------------- Total Outstanding Principal Balance AUD 1,976,725,489.89 AUD 2,588,444,542.68 USD 1,083,245,568.46 USD 1,418,467,609.39 ================ ================ ================ ================ - ----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------- QUARTERLY INTEREST COLLECTIONS WATERFALL AUD USD --- --- Interest Collections - -------------------- Gross Interest Income Received from Mortgages AUD 32,312,303.03 USD 17,707,142.06 Payments from/(to) Fixed/Floating Swap Provider (479,740.85) (262,897.98) Payments from/(to) Currency Swap Provider (18,942,297.49) (10,380,379.02) Interest Income received from Cash holdings 567,477.31 310,977.57 Principal Draws 0.00 0.00 Liquidity Facility Draws 0.00 0.00 ---- ---- Net proceeds available for Interest Waterfall AUD 13,457,742.00 USD 7,374,842.62 ============= ============ Distribution of Interest Collections - ------------------------------------ Trustee's fee and Expenses AUD 1,905,146.44 USD 1,044,020.25 Interest Carryforward paid to A 0.00 0.00 Current Interest due to A 27,477,505.28 15,057,672.89 Payments from swap provider due to A (18,942,297.49) (10,380,379.02) Interest Carryforward paid to Class B 0.00 0.00 Current Interest due to Class B 448,496.22 245,775.93 Other 12,863.46 7,049.18 Deposit into Cash Collateral Account 0.00 0.00 Reimbursement of Principal Draws 0.00 0.00 ---- ---- Total Distribution of Interest Collections AUD 10,901,713.91 USD 5,974,139.22 ============= ============ Outstanding Deferred Management Fees AUD 2,556,028.09 USD 1,400,703.40 ============ ============ - ---------------------------------------------------------------------------------------------------
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- ---------------------------------------------------------------------------------------------------------------------------------- QUARTERLY PRINCIPAL COLLECTIONS WATERFALL PERIOD SINCE INCEPTION PERIOD SINCE INCEPTION ------------------ ------------------ ------------------ ------------------ Principal Collections - --------------------- Principal Collections from outstanding mortgage loans AUD 236,582,042.93 AUD 647,242,304.88 USD 129,646,959.53 USD 354,688,783.07 Principal Redraws from outstanding mortgage loans (13,406,587.59) (35,523,252.09) (7,346,810.00) (19,466,742.15) Recoveries from previously charged off mortgage loans 0.00 0.00 0.00 0.00 Other 0.00 0.00 0.00 0.00 Less: Principal Draws for Interest Waterfall 0.00 0.00 0.00 0.00 Plus: Reimbursement of Principal Draws from Interest Waterfall 0.00 0.00 0.00 0.00 ---- ---- ---- ---- Net proceeds available for Principal Waterfall AUD 223,175,455.34 AUD 611,719,052.79 USD 122,300,149.53 USD 335,222,040.93 ============== ============== ============== ============== - ----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------- OUTSTANDING SHORTFALLS AND CHARGEOFFS PERIOD PERIOD -------- -------- Principal Draws for Interest Waterfall AUD 0.00 USD 0.00 Class A Interest Shortfall 0.00 0.00 Accrued Interest on Class A Interest Shortfall 0.00 0.00 Class B Interest Shortfall 0.00 0.00 Accrued Interest on Class B Interest Shortfall 0.00 0.00 Class A Charge Offs 0.00 0.00 Class A Carry Over Charge Offs 0.00 0.00 Class B Charge Offs 0.00 0.00 Class B Carry Over Charge Offs 0.00 0.00 Redraw Charge Offs 0.00 0.00 Redraw Carry Over Charge Offs 0.00 0.00 - -------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------ REALIZED LOSS INFORMATION PERIOD SINCE INCEPTION PERIOD SINCE INCEPTION -------- --------------- ------- --------------- Realized Loss on Class A Bonds before Mortgage insurance AUD 0.00 AUD 0.00 USD 0.00 USD 0.00 Realized Loss on Class B Bonds before Mortgage insurance AUD 0.00 AUD 0.00 USD 0.00 USD 0.00 Realized Loss on Redraw Funding Facility before Mortgage insurance AUD 0.00 AUD 0.00 USD 0.00 USD 0.00 Realized Loss on Class A Bonds after Mortgage insurance AUD 0.00 AUD 0.00 USD 0.00 USD 0.00 Realized Loss on Class B Bonds after Mortgage insurance AUD 0.00 AUD 0.00 USD 0.00 USD 0.00 Realized Loss on Redraw Funding Facility before Mortgage insurance AUD 0.00 AUD 0.00 USD 0.00 USD 0.00 - ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------- CASH COLLATERAL ACCOUNT AUD USD ----------------- ---------------- Beginning Cash Collateral Account Balance AUD 17,034,605.00 USD 9,334,963.54 +Interest Earned on Cash Collateral Account 270,303.39 148,126.26 +Deposit from Interest Collections Waterfall 0.00 0.00 - -Current Period's Cash Collateral Account Draws 0.00 0.00 - -Current Period's Release to cash collateral provider 270,303.39 148,126.26 ------------- ------------ Ending Cash Collateral Account Balance AUD 17,034,605.00 USD 9,334,963.54 ============= ============ Required Cash Collateral Account Balance AUD 15,295,591.90 USD 8,381,984.36 ============= ============ - -------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------ DELINQUENCY INFORMATION # OF LOANS PERCENTAGE OF POOL LOAN BALANCE % OF POOL ---------- ------------------ ------------ --------- 31-60 Days 24 0.13% 3,480,421.70 0.18% 61-90 Days 6 0.03% 799,122.72 0.04% 90+ Days (excluding Loans in Foreclosures) 5 0.03% 1,074,893.12 0.05% Loans in Foreclosure 0 0.00% -- 0.00% -- ---- ------------ ---- Total 35 0.19% 5,354,437.54 0.27% == ==== ============ ==== - ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------- PREPAYMENT INFORMATION THREE MONTH CPR LIFE --------------- ------ 32.74% 35.37% - -------------------------------------------------------------------------------- Page 2 of 2 -----END PRIVACY-ENHANCED MESSAGE-----