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 2005

 

National Global MBS Manager Pty Ltd

ABN 36 102 668 226

formerly National Global MBS Manager, Inc.

(Exact name of registrant as specified in its charter)

 

Victoria, Australia

 

File No.333-53160

 

59-3689298

(State of
Incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

Level 24

500 Bourke Street

MELBOURNE VICTORIA 3000

AUSTRALIA

(Address of registered office) (zip code)

 

Registrant’s telephone number, including area code:  +61 3 8641 0296

 

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))

 

 



 

TABLE OF CONTENTS

 

Item 9.01.  Financial Statements and Exhibits

 

The following is filed herewith. The exhibit number corresponds with Item 601(b) of Regulation S-K.

 

(c) Exhibits.

 

Exhibit No.

 

Description

 

 

 

19.1

 

Investor’s Quarterly Report for National RMBS Trust 2004-1, Mortgage Backed Floating Rate, Series 2004-1, relating to the December 20, 2005 payment date issued pursuant to Section 14.1 and Section 14.7 of the Master Trust Deed among National Global MBS Manager Pty Ltd, formerly National Global MBS Manger, Inc., as Global Trust Manager and Perpetual Trustee Company Limited, as Indenture Trustee, dated as of January 3, 2001.

 



 

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 thereunto duly authorized.

 

 

 

NATIONAL GLOBAL MBS MANAGER PTY LTD

 

 

 

Signature:

/s/ Jacqualyn L Turfrey

 

Date: Ÿ31 December 2005

Name: Jacqualyn Turfrey

 

Title: Company Secretary

 



 

National RMBS Trust 2004-1

 

Quarterly Report as at

13 Dec 2005

 

This report is provided pursuant to the “Reports to Noteholders” section of the prospectus dated 21 September 2004.

 

A definition or description of certain terms used in this report together with a full description of the transaction may be found in the prospectus.

 

Further information is available to investors on Bloomberg (page reference [NRMBS]).  Information in this report and on Bloomberg have been sourced from the same data.

 

Differences in formatting, calculation and rounding methodology may cause discrepancies between the two sources.

 

Current Periods and Interest Rates

 

Determination Date

13 Dec 2005

 

 

Payment Date

20 Dec 2005

 

 

Interest Period

 

From (and including)

20 Sep 2005

To (but excluding)

20 Dec 2005

Number of days

91

 

 

Collection Period

 

From start of month

Sep 2005

To end of month

Nov 2005

 

 

 

Class A1 Notes

 

Class A2 Notes

 

Class A3 Notes

 

Class B Notes

 

 

 

 

 

 

 

 

 

 

 

USD-LIBOR-BBA

 

3.89000

% pa

not applicable

 

not applicable

 

not applicable

 

 

 

 

 

 

 

 

 

 

 

BBSW

 

not applicable

 

5.62670

% pa

not applicable

 

5.62670

% pa

 

 

 

 

 

 

 

 

 

 

EURIBOR

 

not applicable

 

not applicable

 

2.136

% pa

not applicable

 

 

 

 

 

 

 

 

 

 

 

Margin

 

0.11

% pa

0.19

% pa

0.12

% pa

0.44

% pa

 

 

 

 

 

 

 

 

 

 

Interest Rate

 

4.00000

% pa

5.81670

% pa

2.25600

% pa

6.06670

% pa

 

Noteholder Distribution Summary

 

 

 

Class A1 Notes (USD)

 

Class A2 Notes (AUD)

 

Class A3 Notes (EUR)

 

Class B Notes (AUD)

 

Subordination

 

 

 

Per Note

 

Aggregate

 

Per Note

 

Aggregate

 

Per Note

 

Aggregate

 

Per Note

 

Aggregate

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Original Face Amount

 

100,000.0000

 

1,000,000,000.00

 

500,000.00

 

500,000,000.00

 

100,000.0000

 

308,400,000.00

 

500,000.0000

 

18,000,000.00

 

0.72

%

Beginning Note Balance

 

69,298.6930

 

692,986,929.69

 

346,493.4648

 

346,493,464.84

 

69,298.7100

 

213,717,169.10

 

500,000.0000

 

18,000,000.00

 

1.04

%

Interest Distribution

 

700.6900

 

7,006,900.00

 

5,024.8169

 

5,024,816.90

 

395.1900

 

1,218,765.96

 

7,562.5986

 

272,253.55

 

 

 

Principal Distribution

 

5,775.8464

 

57,758,464.32

 

28,879.2321

 

28,879,232.16

 

5,775.8400

 

17,812,710.39

 

0.0000

 

0.00

 

 

 

Ending Note Balance

 

63,522.8466

 

635,228,465.37

 

317,614.2327

 

317,614,232.68

 

63,522.8700

 

195,904,458.71

 

500,000.0000

 

18,000,000.00

 

1.14

%

Less Carryover Principal Chargeoffs

 

0.0000

 

0.00

 

0.0000

 

0.00

 

0.0000

 

0.00

 

0.0000

 

0.00

 

 

 

Ending Stated Amount

 

63,522.8466

 

635,228,465.37

 

317,614.2327

 

317,614,232.68

 

63,522.8700

 

195,904,458.71

 

500,000.0000

 

18,000,000.00

 

1.14

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Distribution

 

6,476.5364

 

64,765,364.32

 

33,904.0490

 

33,904,049.06

 

6,171.0300

 

19,031,476.35

 

7,562.5986

 

272,253.55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current Note Factor

 

0.6352284654

 

0.6352284654

 

0.635228

 

0.635228

 

0.635229

 

0.635228

 

1.000000

 

1.000000

 

 

 

 

Principal Distribution Statement (AUD)

 

Principal Collections on Housing Loans

 

157,695,549.20

 

 

 

Amount to be drawn on the Payment Date under the Redraw Facility Agreement

 

0.00

 

 

 

Issue proceeds of any Redraw Notes to be issued on the Payment Date

 

0.00

 

 

 

Other Amounts of principal received

 

0.00

 

 

 

 

 

 

 

 

 

Total Principal Collections

 

 

 

157,695,549.20

 

 

 

 

 

 

 

Reimbursement of Redraws

 

15,325,598.39

 

 

 

Repay Redraw Principal

 

0.00

 

 

 

Principal Draw

 

0.00

 

 

 

Repay Redraw Note Principal

 

0.00

 

 

 

A$ Class A1 Principal

 

82,512,091.88

 

 

 

A$ Class A2 Principal

 

28,879,232.16

 

 

 

A$ Class A3 Principal

 

30,978,626.77

 

 

 

A$ Class B Principal

 

0.00

 

 

 

 

 

 

 

 

 

Total Principal Distribution

 

 

 

157,695,549.20

 

 

Interest Distribution Statement (AUD)

 

Interest Collections

 

30,615,712.52

 

 

 

Principal Drawing

 

0.00

 

 

 

Liquidity Drawing

 

0.00

 

 

 

 

 

 

 

 

 

Total Available Income

 

 

 

30,615,712.52

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

(includes all fees, net interest rate swap payment and other expenses of the Trust)

 

1,794,766.64

 

 

 

Reimbursement of previous Liquidity Drawings

 

0.00

 

 

 

A$ Class A1 Interest Amount

 

14,522,604.32

 

 

 

A$ Class A2 Interest Amount

 

5,024,816.90

 

 

 

A$ Class A3 Interest Amount

 

5,465,621.97

 

 

 

A$ Note Interest Amount for Redraw Notes

 

0.00

 

 

 

Interest payable under the Redraw Facility Agreement

 

0.00

 

 

 

Interest payable under the Liquidity Facility Agreement

 

0.00

 

 

 

A$ Note Interest Amount for Class B Notes

 

272,253.55

 

 

 

 

 

 

 

 

 

Excess Available Income available for Distribution

 

 

 

 

 

(includes reimbursement of Principal Charge-Offs, unreimbursed Principal Drawings and distribution to Residual Income Unit Holder)

 

 

 

3,535,649.14

 

Excess Available Income applied to repay Principal Draw

 

 

 

n/a

 

Remaining Balance of Principal Draw

 

 

 

0.00

 

 

 

 

 

 

 

Capitalised Items not Remitted as Principal and Interest Distributions

 

 

 

55,488.31

 

 

1



 

Support Facilities (AUD)

 

Liquidity Facility

 

 

 

Liquidity Facility Limit

 

18,630,000.00

 

Amount Drawn

 

0.00

 

 

 

 

 

Redraw Facility

 

 

 

Redraw Facility Limit

 

15,000,000.00

 

Amount Drawn

 

0.00

 

 

paul

 

 

 

Sep 2004

 

Oct 2004

 

Nov 2004

 

Dec 2004

 

Jan 2005

 

Feb 2005

 

Mar 2005

 

Apr 2005

 

May 2005

 

Jun 2005

 

Jul 2005

 

Aug 2005

 

Sep 2005

 

Oct 2005

 

Nov 2005

 

 

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Monthly CPR

 

30.8

 

27.5

 

29.9

 

29.9

 

32.9

 

26.2

 

25.4

 

27.5

 

28.7

 

28.9

 

29.2

 

30.6

 

28.9

 

25.1

 

26.9

 

 

Historical CPR

 

 

Delinquency Information as at Month Ending

30 Nov 2005

 

 

 

31-60 Days

 

61-90 Days

 

91-120 Days

 

> 120 days

 

Foreclosure/

 

 

 

 

 

Past Due

 

Past Due

 

Past Due

 

Past Due

 

REO

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No. of loans

 

32

 

9

 

3

 

6

 

11

 

61

 

No. of loans (%)

 

0.19

%

0.05

%

0.02

%

0.04

%

0.07

%

0.37

%

Balance outstanding ($)

 

4,489,419.63

 

1,049,056.35

 

193,791.57

 

880,667.51

 

1,004,320.95

 

7,617,256.01

 

Balance outstanding (%)

 

0.28

%

0.07

%

0.01

%

0.06

%

0.06

%

0.48

%

Instalment Amount ($)

 

59,445.35

 

24,024.96

 

6,744.04

 

53,379.44

 

47,921.64

 

191,515.43

 

 

2



 

Historical Delinquencies as a Percentage of Balance Outstanding

 

 

 

Sep 2004

 

Oct 2004

 

Nov 2004

 

Dec 2004

 

Jan 2005

 

Feb 2005

 

Mar 2005

 

Apr 2005

 

May 2005

 

Jun 2005

 

Jul 2005

 

Aug 2005

 

Sep 2005

 

Oct 2005

 

Nov 2005

 

 

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31-60 Days Past Due

 

0.25

 

0.23

 

0.25

 

0.29

 

0.49

 

0.29

 

0.30

 

0.37

 

0.39

 

0.25

 

0.33

 

0.31

 

0.27

 

0.31

 

0.28

 

61-90 Days Past Due

 

0.00

 

0.07

 

0.08

 

0.05

 

0.05

 

0.10

 

0.05

 

0.10

 

0.10

 

0.12

 

0.09

 

0.09

 

0.03

 

0.02

 

0.07

 

91-120 Days Past Due

 

0.00

 

0.00

 

0.02

 

0.05

 

0.01

 

0.03

 

0.07

 

0.02

 

0.03

 

0.01

 

0.08

 

0.02

 

0.03

 

0.02

 

0.01

 

> 120 Days Past Due

 

0.00

 

0.00

 

0.01

 

0.02

 

0.03

 

0.02

 

0.02

 

0.04

 

0.03

 

0.01

 

0.02

 

0.06

 

0.05

 

0.07

 

0.06

 

Foreclosure/REO

 

0.00

 

0.00

 

0.00

 

0.01

 

0.02

 

0.03

 

0.04

 

0.07

 

0.09

 

0.11

 

0.10

 

0.09

 

0.10

 

0.11

 

0.06

 

Total

 

0.25

 

0.30

 

0.36

 

0.42

 

0.60

 

0.47

 

0.48

 

0.60

 

0.64

 

0.50

 

0.62

 

0.57

 

0.48

 

0.53

 

0.48

 

 

Historical Delinquency Information

 

 

Loss Data

 

 

 

 

Dec 2004

 

Mar 2005

 

Jun 2005

 

Sep 2005

 

Dec 2005

 

Quarter Ended

 

(AUD)

 

(No Loans)

 

(AUD)

 

(No Loans)

 

(AUD)

 

(No Loans)

 

(AUD)

 

(No Loans)

 

(AUD)

 

(No Loans)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses on Sale of Property

 

0.00

 

0

 

0.00

 

0

 

0.00

 

0

 

0.00

 

0

 

0.00

 

0

 

Losses after Mortgage Insurance

 

0.00

 

0

 

0.00

 

0

 

0.00

 

0

 

0.00

 

0

 

0.00

 

0

 

Cumulative Losses after Mortgage Insurance

 

0.00

 

0

 

0.00

 

0

 

0.00

 

0

 

0.00

 

0

 

0.00

 

0

 

Cumulative Losses After Mortgage Insurance (%)

 

0.00

%

0.00

%

0.00

%

0.00

%

0.00

%

0.00

%

0.00

%

0.00

%

0.00

%

0.00

%

 

Summary and Weighted Average Calculations

 

 

 

At Issue

 

Nov 2004

 

Feb 2005

 

May 2005

 

Aug 2005

 

Nov 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Collateral Balance (AUD)

 

2,418,339,663.17

 

2,271,561,971.43

 

2,076,274,609.15

 

1,898,899,185.77

 

1,728,028,045.15

 

1,585,713,582.65

 

Total Number of Loans

 

23,176

 

22,112

 

20,575

 

19,139

 

17,783

 

16,604

 

Current Average Loan Balance (AUD)

 

104,346.72

 

102,729.83

 

100,912.50

 

99,216.22

 

97,173.03

 

95,501.90

 

Maximum Loan Balance (AUD)

 

868,291.34

 

863,638.81

 

853,231.99

 

858,432.81

 

867,804.02

 

880,604.76

 

Current Weighted Average LVR

 

45.99

%

44.92

%

43.80

%

42.74

%

41.77

%

40.79

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Loan Rate

 

6.78

%

6.78

%

6.78

%

6.97

%

6.96

%

6.95

%

Weighted Average Term to Maturity (WAM) (months)

 

240

 

238

 

235

 

232

 

229

 

226

 

Weighted Average Seasoning (WAS) (months)

 

50

 

52

 

55

 

58

 

61

 

64

 

 

 

 

 

Loan Size Distribution as at Month Ending

30 Nov 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Balance of

 

Number of

 

Balance of

 

Loan Size Distribution

 

Loans

 

Loans (AUD)

 

Loans (%)

 

Loans (%)

 

 

 

 

 

 

 

 

 

 

 

Loan Size < $50,000

 

4,565

 

138,717,381.28

 

27.49

%

8.75

%

$50,000 <Loan Size < $100,000

 

5,933

 

437,956,926.04

 

35.73

%

27.62

%

$100,000 <Loan Size < $150,000

 

3,411

 

416,888,007.33

 

20.54

%

26.29

%

$150,000 <Loan Size < $200,000

 

1,399

 

240,219,458.07

 

8.43

%

15.15

%

$200,000 <Loan Size < $250,000

 

667

 

147,815,194.21

 

4.02

%

9.32

%

$250,000 <Loan Size < $300,000

 

314

 

85,263,176.87

 

1.89

%

5.38

%

$300,000 <Loan Size < $350,000

 

158

 

50,900,910.37

 

0.95

%

3.21

%

$350,000 <Loan Size < $400,000

 

70

 

26,033,314.22

 

0.42

%

1.64

%

$400,000 <Loan Size < $450,000

 

47

 

19,890,847.43

 

0.28

%

1.25

%

$450,000 <Loan Size < $500,000

 

13

 

6,203,680.99

 

0.08

%

0.39

%

$500,000 <Loan Size < $750,000

 

26

 

14,944,081.08

 

0.16

%

0.94

%

$750,000 <Loan Size < $1,000,000

 

1

 

880,604.76

 

0.01

%

0.06

%

 

 

 

 

 

 

 

 

 

 

Total

 

16,604

 

1,585,713,582.65

 

100.00

%

100.00

%

 

3



 

LVR Distribution as at Month Ending

30 Nov 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Balance of

 

Number of

 

Balance of

 

LVR Distribution

 

Loans

 

Loans (AUD)

 

Loans (%)

 

Loans (%)

 

 

 

 

 

 

 

 

 

 

 

LVR < 50%

 

12,493

 

1,051,407,217.80

 

75.24

%

66.30

%

50% < LVR < 55%

 

783

 

96,008,706.24

 

4.72

%

6.05

%

55% < LVR < 60%

 

703

 

89,614,143.90

 

4.23

%

5.65

%

60% < LVR < 65%

 

673

 

86,942,897.07

 

4.05

%

5.48

%

65% < LVR < 70%

 

659

 

86,208,571.56

 

3.97

%

5.44

%

70% < LVR < 75%

 

586

 

80,413,149.81

 

3.53

%

5.07

%

75% < LVR < 80%

 

312

 

41,861,802.72

 

1.88

%

2.64

%

80% < LVR < 85%

 

258

 

33,448,627.90

 

1.55

%

2.11

%

85% < LVR < 90%

 

118

 

16,693,351.36

 

0.71

%

1.05

%

90% < LVR < 95%

 

8

 

1,018,007.40

 

0.05

%

0.06

%

95% < LVR < 100%

 

2

 

239,191.67

 

0.01

%

0.02

%

LVR > 100%

 

9

 

1,857,915.22

 

0.05

%

0.12

%

 

 

 

 

 

 

 

 

 

 

Total

 

16,604

 

1,585,713,582.65

 

100.00

%

100.00

%

 

 

 

 

 

 

 

 

 

 

Mortgage Insurance as at Month Ending

30 Nov 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Balance of

 

Number of

 

Balance of

 

Mortgage Insurer

 

Loans

 

Loans (AUD)

 

Loans (%)

 

Loans (%)

 

 

 

 

 

 

 

 

 

 

 

Genworth Financial

 

1,595

 

171,467,092.02

 

9.61

%

10.81

%

Royal & Sun Alliance

 

 

 

0.00

%

0.00

%

CGU Lenders Mortgage Insurance

 

 

 

0.00

%

0.00

%

PMI

 

57

 

4,147,916.67

 

0.34

%

0.26

%

Pool Insurance

 

14,952

 

1,410,098,573.96

 

90.05

%

88.93

%

Other

 

 

 

0.00

%

0.00

%

 

 

 

 

 

 

 

 

 

 

Total

 

16,604

 

1,585,713,582.65

 

100.00

%

100.00

%

 

 

 

 

 

 

 

 

 

 

Geographic Distribution as at Month Ending

30 Nov 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Balance of

 

Number of

 

Balance of

 

Geographic Distribution

 

Loans

 

Loans (AUD)

 

Loans (%)

 

Loans (%)

 

 

 

 

 

 

 

 

 

 

 

ACT Inner City

 

295

 

28,150,672.12

 

1.78

%

1.78

%

ACT Metro

 

120

 

11,016,127.92

 

0.72

%

0.69

%

ACT Non Metro

 

 

 

0.00

%

0.00

%

NSW Sydney Inner City

 

46

 

8,203,675.14

 

0.28

%

0.52

%

NSW Sydney Metro

 

3,108

 

416,333,604.76

 

18.72

%

26.26

%

NSW Non-Metro

 

1,744

 

147,922,232.13

 

10.50

%

9.33

%

QLD Brisbane Inner City

 

42

 

4,443,208.54

 

0.25

%

0.28

%

QLD Brisbane Metro

 

1,366

 

119,873,953.64

 

8.23

%

7.56

%

QLD Non-Metro

 

1,429

 

108,819,813.61

 

8.61

%

6.86

%

VIC Melbourne Inner City

 

103

 

13,088,128.09

 

0.62

%

0.83

%

VIC Melbourne Metro

 

3,963

 

379,250,925.66

 

23.87

%

23.92

%

VIC Non-Metro

 

1,136

 

76,062,871.15

 

6.84

%

4.80

%

WA Perth Inner City

 

55

 

5,057,607.14

 

0.33

%

0.32

%

WA Perth Metro

 

1,549

 

141,465,909.08

 

9.33

%

8.92

%

WA Non-Metro

 

400

 

30,952,538.77

 

2.41

%

1.95

%

SA Adelaide Inner City

 

14

 

1,468,790.57

 

0.08

%

0.09

%

SA Adelaide Metro

 

910

 

72,208,210.60

 

5.48

%

4.55

%

SA Non-Metro

 

209

 

13,518,629.39

 

1.26

%

0.85

%

NT Darwin Inner City

 

8

 

483,746.60

 

0.05

%

0.03

%

NT Darwin Metro

 

 

 

0.00

%

0.00

%

NT Non-Metro

 

3

 

287,043.19

 

0.02

%

0.02

%

TAS Hobart Inner City

 

7

 

387,571.25

 

0.04

%

0.02

%

TAS Hobart Metro

 

55

 

3,747,621.67

 

0.33

%

0.24

%

TAS Non-Metro

 

42

 

2,970,701.63

 

0.25

%

0.19

%

Undefined Post Code

 

 

 

0.00

%

0.00

%

 

 

 

 

 

 

 

 

 

 

Total

 

16,604

 

1,585,713,582.65

 

100.00

%

100.00

%

 

 

 

 

 

 

 

 

 

 

Seasoning Analysis – Total Portfolio as at Month Ending

30 Nov 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Balance of

 

Number of

 

Balance of

 

Seasoning Analysis

 

Loans

 

Loans (AUD)

 

Loans (%)

 

Loans (%)

 

 

 

 

 

 

 

 

 

 

 

Seasoning < 3 months

 

 

 

0.00

%

0.00

%

3 months < Seasoning < 6 months

 

 

 

0.00

%

0.00

%

6 months < Seasoning < 12 months

 

 

 

0.00

%

0.00

%

12 months < Seasoning < 18 months

 

 

 

0.00

%

0.00

%

18 months < Seasoning < 24 months

 

 

 

0.00

%

0.00

%

24 months < Seasoning < 36 months

 

342

 

48,914,620.12

 

2.06

%

3.08

%

36 months < Seasoning < 48 months

 

1,090

 

125,361,019.39

 

6.56

%

7.91

%

48 months < Seasoning < 60 months

 

5,506

 

581,598,416.31

 

33.16

%

36.68

%

Seasoning > 60 months

 

9,666

 

829,839,526.83

 

58.21

%

52.33

%

 

 

 

 

 

 

 

 

 

 

Total

 

16,604

 

1,585,713,582.65

 

100.00

%

100.00

%

 

4



 

Remaining Loan Term as at Month Ending

30 Nov 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Balance of

 

Number of

 

Balance of

 

Remaining Loan Term

 

Loans

 

Loans (AUD)

 

Loans (%)

 

Loans (%)

 

 

 

 

 

 

 

 

 

 

 

Term < 5 years

 

226

 

8,402,477.92

 

1.36

%

0.53

%

5 years < Term < 10 years

 

780

 

42,833,205.50

 

4.70

%

2.70

%

10 years < Term < 15 years

 

1,322

 

93,732,329.41

 

7.96

%

5.91

%

15 years < Term < 20 years

 

9,128

 

847,393,963.29

 

54.97

%

53.44

%

20 years < Term < 25 years

 

4,850

 

549,692,242.67

 

29.21

%

34.67

%

25 years < Term < 30 years

 

298

 

43,659,363.86

 

1.79

%

2.75

%

30 years < Term < 35 years

 

 

 

0.00

%

0.00

%

Term > 35 years

 

 

 

0.00

%

0.00

%

 

 

 

 

 

 

 

 

 

 

Total

 

16,604

 

1,585,713,582.65

 

100.00

%

100.00

%

 

 

 

 

 

 

 

 

 

 

Loan Purpose as at Month Ending

30 Nov 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Balance of

 

Number of

 

Balance of

 

Loan Purpose

 

Loans

 

Loans (AUD)

 

Loans (%)

 

Loans (%)

 

 

 

 

 

 

 

 

 

 

 

Purchase

 

5,448

 

535,820,312.79

 

32.81

%

33.79

%

Refinance

 

5,081

 

444,965,367.05

 

30.60

%

28.06

%

Refinance - Cash Out

 

1,216

 

90,503,048.56

 

7.32

%

5.71

%

Investor

 

3,870

 

425,103,173.37

 

23.31

%

26.81

%

Other

 

989

 

89,321,680.88

 

5.96

%

5.63

%

 

 

 

 

 

 

 

 

 

 

Total

 

16,604

 

1,585,713,582.65

 

100.00

%

100.00

%

 

 

 

 

 

 

 

 

 

 

Loan Type by Interest Rate as at Month Ending

30 Nov 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Balance of

 

Number of

 

Balance of

 

Loan Type

 

Loans

 

Loans (AUD)

 

Loans (%)

 

Loans (%)

 

 

 

 

 

 

 

 

 

 

 

Variable Rate

 

13,597

 

1,271,983,047.69

 

81.89

%

80.22

%

Fixed Rate

 

3,007

 

313,730,534.96

 

18.11

%

19.78

%

 

 

 

 

 

 

 

 

 

 

Total

 

16,604

 

1,585,713,582.65

 

100.00

%

100.00

%

 

 

 

 

 

 

 

 

 

 

Fixed Rate Term Remaining as at Month Ending

30 Nov 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Balance of

 

Number of

 

Balance of

 

Remaining Fixed Rate Term

 

Loans

 

Loans (AUD)

 

Loans (%)

 

Loans (%)

 

 

 

 

 

 

 

 

 

 

 

Term < 1 year

 

1,408

 

147,251,543.85

 

46.82

%

46.94

%

1 years < Term < 2 years

 

624

 

67,018,371.92

 

20.75

%

21.36

%

2 years < Term < 3 years

 

478

 

49,792,931.30

 

15.90

%

15.87

%

3 years < Term < 4 years

 

282

 

28,410,712.28

 

9.38

%

9.06

%

4 years < Term < 5 years

 

176

 

17,641,141.28

 

5.85

%

5.62

%

Term > 5 years

 

39

 

3,615,834.33

 

1.30

%

1.15

%

 

 

 

 

 

 

 

 

 

 

Total

 

3,007

 

313,730,534.96

 

100.00

%

100.00

%

 

Contact Details

 

Trust Manager

 

National Global MBS Manager Pty Ltd

 

 

 

Contacts

 

Michael White

 

 

Manager Group Funding (Securitisation)

 

 

National Australia Bank (Melbourne, Australia)

 

 

Phone: (+613) 8641 2157

 

 

Facsimile: (+613) 8641 0906

 

 

Email: michael_a_white@national.com.au

 

5