-----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, ENJrKCwp6y3JKYE2nqIonoWzzRv2SmNInJt3FR9Y7hJOlPFR8/CS9xjLAavrli/4 xbOYEMd2Nl7pSI/YFRnV9A== 0000902561-04-000432.txt : 20040927 0000902561-04-000432.hdr.sgml : 20040927 20040927165430 ACCESSION NUMBER: 0000902561-04-000432 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040927 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARMS II GLOBAL FUND 1 CENTRAL INDEX KEY: 0001295215 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-104969-01 FILM NUMBER: 041047646 BUSINESS ADDRESS: STREET 1: LEVEL 6 12 CASTLEREAGH STREET STREET 2: SYDNEY NEW SOUTH WALES CITY: AUSTRALIA STATE: C3 ZIP: 00000 MAIL ADDRESS: STREET 1: LEVEL 6 12 CASTLEREAGH STREET STREET 2: SYDNEY NEW SOUTH WALES CITY: AUSTRALIA STATE: C3 ZIP: 00000 8-K 1 form8k_sf092704.txt FORM 8-K 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) September 27, 2004 AUSTRALIAN SECURITISATION MANAGEMENT PTY LIMITED (as trust manager of the ARMS II Global Fund I) AUSTRALIAN SECURITISATION MANAGEMENT PTY LIMITED ------------------------------------------------------ (Exact Name of Registrant as Specified in its Charter) Commonwealth of Australia ---------------------------------------------- (State or Other Jurisdiction of Incorporation) 333-104969 Not Applicable - ------------------------ ------------------------------------ (Commission File Number) (I.R.S. Employer Identification No.) Level 6, 12 Castlereagh Street,Sydney, New South Wales,Australia Not Applicable - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) 612-9225-0800 ---------------------------------------------------- (Registrant's Telephone Number, Including Area Code) Not Applicable ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 8.01. OTHER EVENTS. On June 5, 2003, Australian Securitisation Management Pty Limited, in its capacity as Trust Manager (the "Trust Manager") of the ARMS II Global Fund I (the "Fund"), publicly issued US$1,000,000,000 of Class A Mortgage Backed Floating Rate Bonds due September 10, 2034 (the "Bonds") pursuant to a registration statement (No. 333-104969) declared effective on May 23, 2003. Australian Securitisation Management Pty Limited was the manager for the issuance of the Bonds. Capitalized terms used in this Form 8-K and not defined have the same meanings given to them in the prospectus related to the Bonds. On September 10, 2003, the Payment Date, the Fund made a regular quarterly distribution of principal and interest to the holders of the Bonds issued by the Fund. On December 10, 2003, the Payment Date, the Fund made a regular quarterly distribution of principal and interest to the holders of the Bonds issued by the Fund. On March 10, 2004, the Payment Date, the Fund made a regular quarterly distribution of principal and interest to the holders of the Bonds issued by the Fund. On June 10, 2004, the Payment Date, the Fund made a regular quarterly distribution of principal and interest to the holders of the Bonds issued by the Fund. On September 10, 2004, the Payment Date, the Fund made a regular quarterly distribution of principal and interest to the holders of the Bonds issued by the Fund. ITEM 9.01. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial Statements Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Exhibits. ITEM 601(A) OF REGULATION S-K EXHIBIT NO. EXHIBIT NO. DESCRIPTION - ------------ -------------- ----------- 1 99 Bondholders Report Related to the September 10, 2004 Distribution 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 Trust Manager for the ARMS II Global Fund I, by the undersigned, thereunto duly authorized. Australian Securitisation Management Pty Limited, (in its capacity as trust manager for the ARMS II Global Fund I) (Registrant) Dated: September 22, 2004 By: /S/ LINDA LAZNIK ------------------------------------------- Name: Linda Laznik Title: Treasurer, AMS Ltd. INDEX OF EXHIBITS ITEM 601(A) OF EXHIBIT REGULATION S-K NUMBER EXHIBIT NO. DESCRIPTION PAGE - ------- -------------- ----------- ---- Exhibit 1 99 Bondholders Report 1 Related to the September 10, 2004 Distribution EX-99 2 form8k_1ex99sf092704.txt EXHIBIT 99 - 9/10/04 BONDHOLDERS REPORT Exhibit 1 ARMS II GLOBAL FUND I BONDHOLDERS REPORT RELATED TO SEPTEMBER 10, 2004 DISTRIBUTION
---------------------------------------------------------------------------------------------------------------- Bond Trust Deed ARMS II GLOBAL FUND 1 Schedule 8 BONDHOLDERS REPORT RELATED TO SEPTEMBER 10, 2004 DISTRIBUTION Reference ---------------------------------------------------------------------------------------------------------------- REPORTING DATES Cut-Off Date August 31, 2004 Determination Date September 8, 2004 Payment Date September 10, 2004 Start Interest Period June 10, 2004 End Interest Period September 9, 2004 No of Days in Interest Period 92 Start Calculation Period June 1, 2004 End Calculation Period August 31, 2004 No of Days in Calculation Period 92 ---------------------------------------------------------------------------------------------------------------- SECURITIES ON ISSUE Amount Amount (US$) (A$) Class A Bonds Initial Face Value 1,000,000,000 1,525,553,013 Previous Principal Distribution 222,600,000 339,588,101 Principal Distribution for current calculation period 51,000,000 77,803,204 Total Principal Distribution to date 273,600,000 417,391,304 - Beginning Principal Amount 777,400,000 1,185,964,912 (a) Ending Principal Amount 726,400,000 1,108,161,709 less Unreimbursed Charge-offs - - Beginning Stated Amount 777,400,000 1,185,964,912 (a) Ending Stated Amount 726,400,000 1,108,161,709 Class B Bonds Initial Face Value 50,500,000 Previous Principal Distribution - Principal Distribution for current calculation period - Total Principal Distribution to date - Beginning Principal Amount 50,500,000 (a) Ending Principal Amount 50,500,000 less Unreimbursed Charge-offs - Beginning Stated Amount 50,500,000 (a) Ending Stated Amount 50,500,000 ----------------------------------------------------------------------------------------------------------------
INTEREST RATE FOR ACCRUAL PERIOD Libor / Interest Interest Bank Bill Rate Margin Rate USD Class A Bonds 1.41000 0.23000 1.64000 AUD Class A Bonds (payable to Currency Swap Provider) 5.5100 0.3510 5.8610 Class B Bonds 5.5100 0.9000 6.4100 ----------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS PAYABLE ON PAYMENT DATE $US $A Interest Entitlement: (b) Class A Bonds 3,258,200 17,520,178 (b) Class B Bonds 815,914 Principal Repayment: (c) Class A Bonds 51,000,000 77,803,204 (c) Class B Bonds Total: Class A Bonds 54,258,200 95,323,382 Class B Bonds - 815,914 Total 54,258,200 96,139,296 ---------------------------------------------------------------------------------------------------------------- POOL FACTORS Last Current Distribution Distribution Date Date (h) Class A Bonds 0.7774 0.7264 Class B Bonds 1.0000 1.0000 ---------------------------------------------------------------------------------------------------------------- (d) INCOME COLLECTIONS FOR CALCULATION PERIOD 22,332,433 ---------------------------------------------------------------------------------------------------------------- AVAILABLE AMORTISATION AMOUNT $AUD (i) Scheduled Principal Collections 2,550,514 (i) Unscheduled Principal Collections 108,083,127 Gross Principal Collections 110,633,640 less (g) Redraw Advances, Line of Credit Advances and Permitted Further Advances 32,780,789 (e) Net Principal Collections 77,852,852 Application of Cash Reserve and Advances Reserve as Available Amortisation Amount (49,648) (l) Charge-offs and Unreimbursed Charge-offs - (f) Available Amortisation Amount 77,803,204 ---------------------------------------------------------------------------------------------------------------- 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 1,154,162,569 Total number of Loans 5,117 Average Loan Balance 225,554.54 Weighted Average LVR 72.08
Seasoning No of Loans % by number Balance % by balance 0 to 6 months - 0.00% - 0.00% 6 to 12 months - 0.00% - 0.00% 12 to 18 months 1,065 20.81% 242,108,372 20.98% 18 to 24 months 3,170 61.95% 728,811,737 63.15% 24 to 36 months 485 9.48% 110,912,400 9.61% 36 to 48 months 82 1.60% 18,574,440 1.61% 48 to 60 months 140 2.74% 27,456,240 2.38% >60 months 175 3.42% 26,299,381 2.28% 5,117 100.00% 1,154,162,569 100.00% ----------------------------------------------------------------------------------------------------------------
(k) AGGREGATE LOSS AMOUNT NIL ---------------------------------------------------------------------------------------------------------------- (m) DELINQUENCY AND LOSSES Delinquency AUD Amount % of of Loans Pool 31 - 60 days 7,963,722 0.69% 61 - 90 days 2,885,406 0.25% 90+ days 6,232,478 0.54% Losses AUD Mortgage Insurance claims made 46,006 Mortgage Insurance claims paid NIL Mortgage Insurance claims pending 46,006 Mortgage Insurance claims denied Nil ----------------------------------------------------------------------------------------------------------------
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