EX-99.B.1 4 u55839exv99wbw1.htm EXHIBIT B.1 exv99wbw1
EXHIBITS TO THE SCHEDULE
EXHIBIT B(1)
FORM OF MONTHLY PAYMENT ADVICE AND NOTIFICATION
TO THE RECEIVABLES TRUSTEE
Series 2006 — 2
Capitalised terms used in this Report have their respective meanings set forth in the Master Definitions Schedule and in the Receivables Trust Deed and Servicing Agreement Provided, however, that the “preceding Monthly Period” shall mean Monthly Period immediately preceding the calender month in which this notice is delivered. References herein to certain Clauses and paragraphs are references to the respective Clauses and paragraphs of the Receivables Trust Deed and Servicing Agreement. This certificate is delivered pursuant to Clause 5.9, Clause 5.10, Clause 5.12 and Clause 5.13 of the Receivables Trust Deed and Servicing Agreement as supplemented by the Series 2006-2 Supplement.
  (A)   HSBC Bank plc is the Servicer under the Receivables Trust Deed and Servicing Agreement.
 
  (B)   The undersigned is an Authorised Officer.
 
  (C)   The date of this notice is a date on or before a Distribution Date under the Receivables Trust Deed and Servicing Agreement.
 
      Distribution Date: 16/06/2008
     
Section   Contents
 
I
  Advice to make a withdrawal
 
II
  Accrued and unpaid amounts
 
 
Note:   All amounts are in (pound) sterling unless otherwise stated.

 


 

Turquoise Card Backed Securities plc
Series 2006 — 2, For Distribution Date: 16 June 2008
     
  ADVICE TO MAKE A WITHDRAWAL Section I
         
A. From amounts credited to the Series 2006 — 2 Finance Charge Collections Ledger
       
 
Pursuant to Clause 5.10, the Servicer hereby advises the Receivables Trustee (i) to make a withdrawal from the Trustee Collection Account on 16 June 2008, which date is a Distribution Date under the Receivables Trust Deed and Servicing Agreement, in an aggregate amount set out below in respect of the following amounts and (ii) to apply the proceeds of such withdrawal in accordance with Clause 5.10.
       
 
1. Pursuant to Clause 5.10(a):
       
(i) Trust Payment Amount
    1,320  
 
     
(ii) accrued and unpaid Trustee Payment Amount
    0  
 
     
 
2. Pursuant to Clause 5.10(b):
       
(i) Loan Note Issuer Costs Amount
    694  
 
     
(ii) Issuer Costs Amount
    0  
 
     
 
3. Pursuant to Clause 5.10(c):
       
(i) Class A Monthly Finance Amount
    1,694,170  
 
     
(ii) Class A Deficiency Amount
    0  
 
     
(iii) Class A Additional Finance Amount
    0  
 
     
 
4. Pursuant to Clause 5.10(d):
       
Monthly Expense Loan Amount
    0  
 
     
 
5. Pursuant to Clause 5.10(e):
       
(i) Class B Monthly Finance Amount
    108,470  
 
     
(ii) Class B Deficiency Amount
    0  
 
     
(iii) Class B Additional Finance Amount
    0  
 
     
 
6. Pursuant to Clause 5.10(f):
       
(i) Series Servicing Fee
    264,690  
 
     
(ii) Accrued and unpaid Series Servicing Fee
    0  
 
     
 
7. Pursuant to Clause 5.10(g):
       
Class A Investor Default Amount
    1,534,237  
 
     
 
8. Pursuant to Clause 5.10(h):
       
Class A Investor Charge-Offs
    0  
 
     
 
9. Pursuant to Clause 5.10(i):
       
Class B Investor Default Amount
    95,890  
 
     
 
10. Pursuant to Clause 5.10(j):
       
Class B Investor Charge-Offs
    0  
 
     
 
11. Pursuant to Clause 5.10(k):
       
(i) Class C Monthly Finance Amount
    133,622  
 
     
(ii) Class C Deficiency Amount
    0  
 
     
(iii) Class C Additional Finance Amount
    0  
 
     
 
12. Pursuant to Clause 5.10(l):
       
Class C Investor Default Amount
    113,325  
 
     
 
13. Pursuant to Clause 5.10(m):
       
an amount equal to the aggregate amount by which the Class C Investor Interest has been reduced below the Class C Initial Investor Interest for reasons other than the payment of principal amounts to Class C (but not in excess of the aggregate amount of such reductions which have not been previously reinstated) will be utilised to reinstate the Class C Investor Interest and credited to the Series 2006-2 Loan Note Issuer Account, identified for Class C, on such Distribution Date;
    0  
 
     
 
14. Pursuant to Clause 5.10(n):
       
An amount up to the excess, if any, of the Required Reserve Amount over the Available Reserve Account Amount
    0  
 
     
 
15. Pursuant to Clause 5.10(o):
       
An amount up to the excess, if any, of the Required Spread Amount over the Available Reserve Account Amount
    0  
 
     
 
16. Pursuant to Clause 5.10(p):
       
an amount equal to the Aggregate Investor Indemnity Amount, if any, for the prior Monthly Period (together with any amounts in respect of previous Monthly Periods which are unpaid);
    0  
 
     
 
17. Pursuant to Clause 5.10(q):
       
In no order of priority but in proportion to the respective amounts due, an amount to:
       
(a) the Loan Note Issuer Return
    438  
 
     
(b) the Issuer Profit Amount
    2,321  
 
     
 
18. Pursuant to Clause 5.10(r):
       
Additional amounts calculated as payable in accordance with the Expenses Loan Agreement
    0  
 
     
 
19. Pursuant to Clause 5.10(s):
       
Excess Spread
    2,293,245  
 
     

 


 

Turquoise Card Backed Securities plc
Series 2006 — 2, For Distribution Date: 16 June 2008
     
  ADVICE TO MAKE A WITHDRAWAL Section I (Continued)
         
B. From amounts credited to the Series 2006 — 2 Principal Collections Ledger
       
 
Pursuant to Clause 5.11 the Servicer hereby advises the Receivables Trustee (i) to make a withdrawal from amounts of Undivided Bare Trust Property credited to the Series 2006 — 2 Principal Collections Ledger in the Trustee Collection Account on 16 June 2008, which is a Distribution Date under the Receivables Trust Deed and Servicing Agreement, in an aggregate amount set out below in respect of the following amounts and (ii) to apply the proceeds of such withdrawal in accordance with Clause 5.11.
       
 
1. Pursuant to Clause 5.11(a)(i):
       
Amount to be treated as Shared Principal Collections
    0  
 
     
 
2. Pursuant to Clause 5.11(a)(ii):
       
Amount remaining from preceding Monthly Period to be applied as Cash Available for Investment
    98,574,889  
 
     
 
3. Pursuant to Clause 5.11(b)(i):
       
Class A Monthly Principal Amount
    0  
 
     
 
4. Pursuant to Clause 5.11(b)(ii):
       
Class B Monthly Principal Amount
    0  
 
     
 
5. Pursuant to Clause 5.11(b)(iii):
       
Class C Monthly Principal Amount
    0  
 
     
 
       
C. From amounts credited to the Spread Account pursuant to Clause 5.18(d)(ii)
       
 
The Servicer hereby advises the Receivables Trustee to make a withdrawal from amounts credited to the Spread Account on 16 June 2008 which date is a Distribution Date under the Receivables Trust Deed and Servicing Agreement, in an aggregate amount set out in paragraph 3 below and shall deposit such amount in the Trustee Collection Accounts to the credit of the Series 2006 — 2 Finance Charge Collections Ledger:
       
 
1. The amount up to the Available Spread Account Amount at such time for the purposes set out in Clause 5.10(k) to the extent necessary after applying Available Funds
    0  
 
     
 
2. On the Class C Release Date, an amount up to the Available Spread Account Amount equal to the excess, if any, of the Class C Debt Amount over the Class C Investor Interest
    0  
 
     
 
3. The aggregate of 1 and 2 (the “Total Withdrawal Amount”)
    0  
 
     
 
       
D. From amounts credited to the Series 2006 — 2 Principal Funding Ledger
       
 
The Servicer hereby advises the Receivables Trustee
       
(i) to make a withdrawal from amounts credited to the Series 2006 — 2 Principal Funding Ledger of the Principal Funding Account on 16 June 2008 which date is a Distribution Date under the Receivables Trust Deed and Servicing Agreement, in the amount set out below and
       
(ii) to apply the proceeds of such withdrawal in accordance with Clause 5.11(c), Clause 5.11(d) and Clause 5.11(e) by depositing such amount into the Series 2006 — 2 Loan Note Issuer Account.
       
 
1. Pursuant to Clause 5.11(c):
       
Amount to be credited to the Series 2006 — 2 Loan Note Issuer Account identified for Class A
    0  
 
     
 
2. Pursuant to Clause 5.11(d):
       
Amount to be credited to the Series 2006 — 2 Loan Note Issuer Account identified for Class B
    0  
 
     
 
3. Pursuant to Clause 5.11(e):
       
Amount to be credited to the Series 2006 — 2 Loan Note Issuer Account identified for Class C
    0  
 
     
 
       
E. Intentionally Reserved
    0  
 
     

 


 

Turquoise Card Backed Securities plc
Series 2006 — 2, For Distribution Date: 16 June 2008
     
  ACCRUED AND UNPAID AMOUNTS Section II
After giving effect to the withdrawals and transfers to be made in accordance with this notice, the following amounts will be accrued and unpaid with respect to all Monthly Periods preceding the current calendar month
         
A. Clause 5.10
       
The aggregate amount of all accrued Trustee Payment Amounts
       
(i) The aggregate amount of all accrued and unpaid Loan Note Issuer Costs Amounts
    0  
 
     
(ii) The aggregate amount of all accrued and unpaid Issuer Costs Amounts
    0  
 
     
(iii) The aggregate amount of all Deficiency Amounts
    0  
 
     
(iv) The aggregate amount of all accrued and unpaid Monthly Expense Loan Amount
    0  
 
     
(v) The aggregate amount of all accrued and unpaid Investor Servicing Fee Amount
    0  
 
     
(vi) The aggregate amount of all unreinstated Investor Charge-Offs
    0  
 
     
(vii) The aggregate amount of all accrued and unpaid Aggregate Investor Indemnity Amounts allocable to Series 2006 — 2
    0  
 
     
IN WITNESS WHEREOF, the undersigned has duly executed this certificate this 13th day of June, 2008.
         
HSBC Bank plc    
 
       
By:
/s/ Andrew J Huke
   
 
       
Name:
  Andrew J Huke    
Title:
  Senior Manager, Asset and Liability Management