-----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, UFEPdcnxE3mdBvuQ1D9/+wKXK5/LZFeiyl9kKpCJzCLBHaJZGDFdXOMa5/qiiD+9 6J5mSSu1r7niLo29ofp8Zg== 0000950123-05-008167.txt : 20050706 0000950123-05-008167.hdr.sgml : 20050706 20050705183101 ACCESSION NUMBER: 0000950123-05-008167 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050704 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050706 DATE AS OF CHANGE: 20050705 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MACQUARIE SECURITISATION LTD PUMA GLOBAL TRUST NO 4 CENTRAL INDEX KEY: 0001258476 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-105642-01 FILM NUMBER: 05938506 BUSINESS ADDRESS: STREET 1: LEVEL 23 20 BOND ST CITY: SYDNEY NEW SOUTH WALES AUSTRAL STATE: C3 ZIP: 00000 BUSINESS PHONE: 01161282323481 8-K 1 y10603e8vk.htm FORM 8-K MACQUARIE SECURITISATION LTD.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported) July 4, 2005

Macquarie Securitisation Limited (ABN 16 003 297 336)
(Exact Name of Registrant as Specified in its Charter)

         
New South Wales, Australia   333-105642   Not Applicable
 
(State or Other Jurisdiction   (Commission File Number)   (I.R.S. Employer Identification No.)
of Incorporation)        
         
Level 23, 20 Bond Street, Sydney NSW, 2000, Australia
   
 
(Address of Principal Executive Offices)
  (Zip Code)

(011) 612 8232 3481

 
(Registrant’s Telephone Number, Including Area Code)

Not Applicable

 
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Exhibit Index Located on Page 5

 
 

 


TABLE OF CONTENTS

Item 8.01 Other Events.
Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits.
SIGNATURES
INDEX TO EXHIBITS
EX-99.1: QUARTERLY SERVICING REPORT


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Item 8.01 Other Events.

     On August 19, 2003, pursuant to a registration statement (No. 333-105642), Perpetual Trustees Australia Limited, in its capacity as issuer trustee (the “Issuer Trustee”) of the PUMA Global Trust No. 4 (the “Trust”), publicly issued initial principal amount U.S.$1,200,000,000 of Class A Mortgage Backed Floating Rate Notes and initial principal amount A$ 57,500,000 of A$ Class B Mortgage Backed Floating Rate Notes (the “Notes”). A regular quarterly distribution is due to be made by the Issuer Trustee to the holders of the Notes on the quarterly payment date falling on July 11, 2005. In connection with this quarterly payment date, the registrant, as the manager of the Trust, prepared and delivered a quarterly servicing report to the Issuer Trustee and The Bank of New York, New York, as principal paying agent and note trustee.

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Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits.

     List below the financial statements, pro forma financial information and exhibits, if any, filed as part of this report.

  (a)   Financial Statements of Business Acquired.
 
      Not applicable
 
  (b)   Pro Forma Financial Information.
 
      Not applicable
 
  (c)   Exhibits.

     
Exhibit    
No.   Document Description
99.1
  Quarterly Servicing Report related to July 11, 2005 Quarterly Payment Date

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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 by the undersigned hereunto duly authorized.
         
  MACQUARIE SECURITISATION LIMITED
     (Registrant)
 
 
Dated: July 4, 2005  By:        /s/ Matthew O'Hare    
    Name:   Matthew O'Hare   
    Title:   Treasurer   
 

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INDEX TO EXHIBITS

     
Exhibit    
No.   Document Description
99.1
  Quarterly Servicing Report related to July 11, 2005 Quarterly Payment Date

5

EX-99.1 2 y10603exv99w1.htm EX-99.1: QUARTERLY SERVICING REPORT EX-99.1:
 

PUMA GLOBAL TRUST NO. 4 QUARTERLY SERVICING REPORT
THE QUARTERLY PERIOD FROM 11 APRIL 2005 TO 10 JULY 2005

NOTE INFORMATION

                 
    Class A Notes     A$ Class B Notes  
     
Original Principal Balance of each class of Note at the time of their issue
  US$ 1,200,000,000     A$ 57,500,000  
 
               
Principal Balance of each class of Note at the end of the immediately preceding Quarterly Payment Date
  US$ 848,967,720     A$ 57,500,000  
 
               
Amount to be applied towards payment of principal on each class of Note on this Quarterly Payment Date
  US$ 54,742,680     A$ 0  
 
               
Principal Balance of each class of Note after payments referred to above have been applied
  US$ 794,225,040     A$ 57,500,000  
 
               
Note Factor at the end of the Quarterly Payment Date
    0.66185420       1.00000000  
 
               
Amount to be applied towards payment of interest on each class of Note on this Quarterly Payment Date
  US$ 7,124,726     A$ 948,301  
 
               
LIBOR / BBSW in respect of this quarterly period
    3.13000 %     5.7650 %
 
               
Rate of interest payable on each class of Note in respect of this quarterly period
    3.32000 %     6.6150 %
 
               
SUBORDINATION LEVELS
               
 
               
Moody’s indicative required subordination level at time of issue
    2.38 %        
Standard & Poor’s indicative required subordination level at time of issue
    1.90 %        
Initial Subordination Level provided on the Closing Date
    3.02 %        
Actual Subordination Level on this Quarterly Payment Date
    4.49 %        
 
               
A$ REDRAW NOTES AND A$ SUBORDINATED NOTES
               
 
               
As at 30 June 2005 no A$ Redraw Notes or additional A$ Class B Notes have been issued
               
 
               
REDRAW FACILITY
               
 
               
Redraw Facility Limit as at 30 June 2005
  A$ 7,500,000          
 
               
Redraw Facility Principal at the commencement of this Quarterly Payment Date
  A$ 250,000          
Redraw Facility Principal at the end of this Quarterly Payment Date
  A$ 250,000          
Redraw Facility Principal repaid during the quarterly period
  A$ 0          
Aggregate Subordinate Funded Further Advance Amounts in relation to the Quarterly Payment Date
  A$ 10,000          
Interest paid on Redraw Facility Principal during the quarterly period
  A$ 3,716          
 
               
PRINCIPAL CASH BALANCE IN AUD
               
 
               
Principal Cash Balance at the commencement of this Quarterly Payment Date
  A$ 6,818,020          
Principal Cash Balance at the end of this Quarterly Payment Date
  A$ 6,396,920          
 
               
INCOME RESERVE IN AUD
               
 
               
Income Reserve at the commencement of this Quarterly Payment Date
  A$ 0          
Income Reserve at the end of this Quarterly Payment Date
  A$ 0          
 
               
COLLECTION INFORMATION IN AUD
               
 
               
Collections(1) held by the Trustee in relation to this Quarterly Payment Date
  A$ 115,503,132          
Less : Principal Cash Balance at the end of the Quarterly Payment Date
  A$ 6,396,920          
Less : Income Reserve at the end of the Quarterly Payment Date
  A$ 0          
 
             
Collections (other than Principal Cash Balance and Income Reserve) at the end of the Quarterly Payment Date
  A$ 109,106,212          
Less : Collections to be applied towards repayment of Redraw Facility Principal on the Quarterly Payment Date
  A$ 0          
Less : Collections to be applied towards payment of Expenses of the Trust in respect of this quarterly period
  A$ 24,886,705          
 
             
Collections to be applied towards repayment of US$ Notes on the Quarterly Payment Date
  A$ 84,219,508          
 
             
 
               
Principal Collections (net of redraws and further advances) in relation to this Monthly Payment Date
  A$ 84,219,508          
Less : Principal Collections applied or retained by the Trust to be applied towards the acquisition of substitute housing loans
  A$ 0          
Less : Principal Collections to be applied towards repayment of Redraw Facility Principal on the Quarterly Payment Date
  A$ 0          
 
             
Principal Collections to be applied towards repayment of US$ Notes on the Quarterly Payment Date
  A$ 84,219,508          
 
             
US$ Equivalent of Principal Collections to be applied towards repayment of US$ Notes on the Quarterly Payment Date
  US$ 54,742,680          
 
             
 
(1)   The Collections figure shown is net of amounts applied or to be applied towards the acquisition of substitute housing loans and the funding of redraws and further advances

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PUMA GLOBAL TRUST NO. 4 QUARTERLY SERVICING REPORT IN RESPECT OF
THE QUARTERLY PERIOD FROM 11 APRIL 2005 TO 10 JULY 2005 (continued)

HOUSING LOAN POOL INFORMATION IN AUD

                                 
    Number of Housing Loans     Number of Housing Loan     Maximum Current Housing Loan     Minimum Current Housing  
          Accounts     Balance     Loan Balance  
Amount as at the close of business on the seventh business day prior to this Quarterly Payment Date
    6,417       7,808     A$ 1,050,084     A$ 0  
                                 
    Weighted Average Original     Weighted Average Current     Maximum Original     Total Valuation of the  
    Loan-to-Value Ratio     Loan-to-Value Ratio     Loan-to-Value Ratio     Security Properties  
Amount as at the close of business on the seventh business day prior to this Quarterly Payment Date
    73.67 %     68.33 %     95.00 %   A$ 2,153,869,336  
                                 
    Outstanding Balance of     Outstanding Balance of Fixed     Outstanding Balance of     Average Current Housing  
    Housing Loans     Rate Housing Loans     Variable Rate Housing Loans     Loan Balance  
Amount as at the close of business on the seventh business day prior to this Quarterly Payment Date
  A$ 1,272,987,663     A$ 108,109,937     A$ 1,164,877,725     A$ 198,377  
                                 
    Maximum Remaining Term     Weighted Average Remaining     Weighted Average     Stated Income  
    To Maturity     Term to Maturity     Seasoning     Proportion  
Amount as at the close of business on the seventh business day prior to this Quarterly Payment Date
  339 months   327 months   32 months     19.51 %
                         
                    Aggregate outstanding  
                    balance of loans on which a  
                    Further Advance was made  
    Aggregate amount of Further     Average amount of Further     immediately prior to the  
    Advances made     Advances made per loan     Further Advances being made  
Further Advances (not being subordinated further advances) made during the period from 4 January 2005 to 1 April 2005
  A$ 8,663,643     A$ 53,811     A$ 38,611,789  

DELINQUENCY INFORMATION

As at the opening of business on June 1, 2005.

                                 
    Number of Housing Loans     Percentage of Pool by number     Outstanding Balance of the     Percentage of Pool by  
                Applicable Delinquent     Outstanding Balance of  
                Housing Loans     Housing Loans  
30 - 59 days
    3       0.04 %   A$ 529,550       0.04 %
60 - 89 days
    5       0.06 %   A$ 1,743,507       0.14 %
90 - 119 days
    6       0.08 %   A$ 2,022,761       0.16 %
Greater than 120 days
    10       0.13 %   A$ 2,362,766       0.19 %
     
Total Arrears
    24       0.31 %   A$ 6,658,584       0.53 %
     

MORTGAGE INSURANCE CLAIMS INFORMATION

Details provided are in respect of the period since the Closing Date to the opening of business on June 1, 2005

         
Amount of mortgage insurance claims made:
  A$ 0  
Amount of mortgage insurance claims paid:
  A$ 0  
Amount of mortgage insurance claims pending:
  A$ 0  
Amount of mortgage insurance claims denied:
  A$ 0  

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