EX-99.1 2 form8ka-exh99_4pvd081304.txt BONDHOLDERS REPORT DD JULY 12, 2004 EXHIBIT 99.1
----------------------------------------------------------------------------------------------------------------------------------- Bond Trust ARMS II GLOBAL FUND 3 Deed Schedule 8 Reference BONDHOLDERS REPORT RELATED TO THE JULY 12, 2004 DISTRIBUTION ----------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- REPORTING DATES Cut-Off Date June 30, 2004 Determination Date July 8, 2004 Payment Date July 12, 2004 Start Interest Period April 13, 2004 End Interest Period July 11, 2004 No of Days in Interest Period 90 Start Calculation Period April 1, 2004 End Calculation Period June 30, 2004 No of Days in Calculation Period 91 -------------------------------------------------------------------------------------------------------------------- SECURITIES ON ISSUE Amount Amount Amount (US$) (EURO) (A$) CLASS A BONDS Initial Face Value 725,000,000 425,000,000 1,650,668,680 Previous Principal Distribution 11,455,000 6,715,000 26,080,565 Principal Distribution for current calculation period 34,002,500 19,932,500 77,416,361 Total Principal Distribution to date 45,457,500 26,647,500 103,496,926 Beginning Principal Amount 713,545,000 418,285,000 1,624,588,115 (a) Ending Principal Amount 679,542,500 398,352,500 1,547,171,754 less Unreimbursed Charge-offs - - - Beginning Stated Amount 713,545,000 418,285,000 1,624,588,115 (a) Ending Stated Amount 679,542,500 398,352,500 1,547,171,754 CLASS B BONDS Initial Face Value 25,000,000 16,900,000 60,599,655 Previous Principal Distribution - Principal Distribution for current calculation period - Total Principal Distribution to date - Beginning Principal Amount 25,000,000 16,900,000 60,599,655 (a) Ending Principal Amount 25,000,000 16,900,000 60,599,655 less Unreimbursed Charge-offs - Beginning Stated Amount 25,000,000 16,900,000 60,599,655 (a) Ending Stated Amount 25,000,000 16,900,000 60,599,655 -------------------------------------------------------------------------------------------------------------------- INTEREST RATE FOR ACCRUAL PERIOD Libor/Euribor/ Interest Interest Bank Bill Rate Margin Rate USD Class A1a Bonds 1.14000 0.21000 1.35000 Class B1a Bonds 1.14000 0.65000 1.79000 EURO Class A1b Bonds 2.03800 0.21000 2.24800 Class B1b Bonds 2.03800 0.65000 2.68800 AUD Class A1a Bonds (payable to Currency Swap Provider) 5.54000 0.38190 5.92190 Class B1a Bonds 5.54000 0.88790 6.42790 Class A1b Bonds (payable to Currency Swap Provider) 5.54000 0.36870 5.90870 Class B1b Bonds 5.54000 0.87170 6.41170 -------------------------------------------------------------------------------------------------------------------- DISTRIBUTIONS PAYABLE ON PAYMENT DATE $US EURO $A Interest Entitlement: (b) Class A1a Bonds 2,408,233 13,709,401 (b) Class B1a Bonds 111,875 521,369 Class A1b Bonds 2,350,760 9,990,427 Class B1b Bonds 113,568 438,006 Principal Repayment: (c) Class A1a Bonds 34,002,500 44,740,132 (c) Class B1a Bonds - - Class A1b Bonds 19,932,500 32,676,230 Class B1b Bonds - - Total: Class A Bonds 36,410,733 22,283,260 101,116,189 Class B Bonds 111,875 113,568 959,375 Total 36,522,608 22,396,828 102,075,564 --------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------- Bond Trust ARMS II GLOBAL FUND 3 Deed Schedule 8 Reference BONDHOLDERS REPORT RELATED TO THE JULY 12, 2004 DISTRIBUTION ----------------------------------------------------------------------------------------------------------------------------------- POOL FACTORS Last Current Distribution Distribution Date Date (h) Class A Bonds 0.9842 0.9373 Class B Bonds 1.0000 1.0000 -------------------------------------------------------------------------------------------------------------------- (d) INCOME COLLECTIONS FOR CALCULATION PERIOD 29,106,116 -------------------------------------------------------------------------------------------------------------------- AVAILABLE AMORTISATION AMOUNT $AUD (i) Scheduled Principal Collections 3,197,944 (i) Unscheduled Principal Collections 119,540,576 Gross Principal Collections 122,738,520 less (g) Redraw Advances, Line of Credit Advances and Permitted Further Advances 43,140,493 (e) Net Principal Collections 79,598,027 Application of Cash Reserve and Advances Reserve as Available Amortisation Amount (2,181,666) (l) Charge-offs and Unreimbursed Charge-offs 0 (f) Available Amortisation Amount 77,416,361 -------------------------------------------------------------------------------------------------------------------- PORTFOLIO INFORMATION (based on Loans forming part of the Assets of the Fund as at the last day of the Calculation Period) (j) Aggregate Face Value of Loans 1,599,774,824 Total number of Loans 6,463 Average Loan Balance 247,528.21 Weighted Average LVR 73.63 Seasoning NO OF LOANS % BY NUMBER BALANCE % BY BALANCE 0 to 6 months 241 3.73% 54,384,874 3.40% 6 to 12 months 4,645 71.87% 1,179,059,397 73.70% 12 to 18 months 674 10.43% 172,530,785 10.78% 18 to 24 months 537 8.31% 132,287,134 8.27% 24 to 36 months 205 3.17% 45,560,011 2.85% 36 to 48 months 18 0.28% 2,999,700 0.19% 48 to 60 months 15 0.23% 2,264,312 0.14% >60 months 128 1.98% 10,688,611 0.67% 6,463 100.0% 1,599,774,824 100.00% -------------------------------------------------------------------------------------------------------------------- (k) AGGREGATE LOSS AMOUNT NIL -------------------------------------------------------------------------------------------------------------------- (m) DELINQUENCY AND LOSSES DELINQUENCY AUD AMOUNT % OF OF LOANS POOL 31 - 60 days 13,203,061 0.83% 61 - 90 days 3,338,137 0.21% 90+ days 3,195,065 0.20% LOSSES AUD Mortgage Insurance claims made Nil Mortgage Insurance claims paid Nil Mortgage Insurance claims pending Nil Mortgage Insurance claims denied Nil -----------------------------------------------------------------------------------------------------------------------------------