Appears in 1 contract

Sources: Cash Management Agreement

Estimation. 11.1 If the Servicer has not provided a Servicer Report in respect of a Collection Period (each such period, a Determination Period), the Cash Manager shall be required to estimate the amount of Redemption Receipts and Revenue Receipts for such Determination Period based on the three most recently received Servicer Reports in respect of the preceding Collection Periods or, where there are not at least three previous Servicer Reports, any previous Servicer Reports in accordance with Schedule 5 (Determinations and Reconciliation), for the purposes of complying with its obligations hereunder. The Cash Manager shall make such estimations on the basis of information available to it at such time and shall not be liable (in the absence of gross negligence, fraud and wilful default) for the accuracy of such estimations. 11.2 Upon receipt by the Cash Manager of the Servicer Report in relation to the Determination Period, the Cash Manager will apply the reconciliation calculations set out in Schedule 5 (Determinations and Reconciliation). COPY COPY Analyst US Bank Analyst ▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ ▇▇.▇▇▇.▇▇▇.▇▇▇▇ U.S. Bank Global Corporate Trust Address 5th Floor ▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇,▇▇▇▇ ▇▇▇ Distribution Date [●] U.S. Bank Global Corporate Trust Website ▇▇▇▇▇://▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇ General Information Content Interest Payment Date: [●] Deal ~~Counterparties~~ Summary 2 ~~Note Distribution Detail~~ Deal Performance Summary - Last 4 IPD 3 Prior Interest Payment Date: [●] ~~Note Interest Reconciliation - Accrual~~ Collateral Performance Graphs 4 ~~Note Interest Reconciliation - Deferred~~ Delinquencies Graphs 5 Next Interest Payment Date: [●] Deal Counterparties 6 Note ~~Principal Reconciliation 6 Cash Reconciliation~~ Distribution Detail 7 Distribution Count: [●] ~~Other Required Information~~ Note Interest Reconciliation - Accrual 8 ~~Mortgage Principal Analysis~~ Note Interest Reconciliation - Deferred 9 Closing Date: [●] Note Principal ~~Deficiency Ledger~~ Reconciliation 10 ~~Reserve Funds~~ Ratings Information 11 Final Maturity Date: [●] ~~Triggers~~ Cash Reconciliation 12 ~~Portfolio Performance 13-14~~ Other Required Information 13 Interest Determination Date: [●] ~~Collateral Report 15-16 Prepayment Rate (CPR) 17~~ Mortgage Principal Analysis 14 Principal Deficiency Ledger 15 Next Interest Determination Date: [●] ~~Pre-Enforcement Revenue Priority of Payments 18 Pre-Enforcement Redemption Priority of Payments 19~~ Reserve Funds 16 Swap Transaction Details 17 Index: Compounded Daily ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ 18 Portfolio Performance 19-20 Currency: GBP (£) Collateral Report 21-22 Prepayment Rate (CPR) 23 Pre-Enforcement Revenue Priority of Payments 24 Pre-Enforcement Redemption Priority of Payments 25 Post-Enforcement Priority of Payments 20 26 Swap Collateral Account Priority of Payments 27 Mortgage Portfolio Analysis 2128-~~28 Currency: GBP~~ 35 COPY Class A Notes [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Class Z Notes [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Class X Notes [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] 1-2 Months in Arrears [●] [●] [●] [●] [●] 2-3 Months in Arrears [●] [●] [●] [●] [●] 3-4 Months in Arrears [●] [●] [●] [●] [●] 4+ Months in Arrears [●] [●] [●] [●] [●] Excess Spread Amount during Period [●] [●] [●] [●] [●] Percentage of Pool (£Annualised) [●] [●] [●] [●] [●] Constant Prepayment Rate (CPR) Period [●] [●] [●] [●] [●] Since Cut off [●] [●] [●] [●] [●] Principal Payment Rate (PPR) Total Principal Payments in Period [●] [●] [●] [●] [●] Principal Cut off Balance [●] [●] [●] [●] [●] Percentage of Cut off Balance (%) [●] [●] [●] [●] [●] Payment Rate Percentage of Interest Due (%) [●] [●] [●] [●] [●] Cumulative Losses Percentage of Initial Principal Balance (%) [●] [●] [●] [●] [●] COPY Subject to the Servicer Report COPY Subject to the Servicer Report Subject to the Servicer Report Fitch ▇▇▇▇▇'▇ Role Counterparty Long- Term Short- Term Rating Trigger Long- Term Short- Term Rating Trigger comments Issuer ~~CMF~~ PMF 2024-1 PLC [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] COPY Notes ISIN / Common Code Original Principal Balance No. Of Notes Beginning Principal Balance Total Principal Distribution Ending Principal Balance Total Interest Distribution Class A Notes [●] [●] [●] [●] [●] [●] [●] Class Z Notes [●] [●] [●] [●] [●] [●] [●] Class X Notes [●] [●] [●] [●] [●] [●] [●] COPY Class A Notes [●] [●] [●] [●] [●] [●] [●] [●] Class Z Notes [●] [●] [●] [●] [●] [●] [●] [●] Class X Notes [●] [●] [●] [●] [●] [●] [●] [●] COPY Class A Notes [●] [●] [●] [●] [●] [●] Class Z Notes [●] [●] [●] [●] [●] [●] Class X Notes [●] [●] [●] [●] [●] [●] COPY COPY Total [●] [●] [●] (1) Determined as follows: Original Principal Balance of all subordinate classes/Total Original Principal Balance (2) Determined as follows: Ending Principal Balance of all subordinate classes/Total Ending Principal Balance COPY --- Original Ratings --- --- Ratings Change / Change Date1 --- Class A Notes [●] [●] [●] [●] [●] [●] [●] Class Z Notes [●] [●] [●] [●] [●] [●] [●] Class X Notes [●] [●] [●] [●] [●] [●] [●] 1 Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to U.S. Bank Trustees Limited within 30 days of the payment date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on this report, U.S. Bank Trustees Limited recommends that investors obtain current rating information directly from the rating agency. Available Collections Distributions [●] [●] (see Other Required Information page for further detail) [●] [●] [●] [●] [●] [●] Amounts Distributed by the Issuer Distributions to Noteholders [●] [●] [●] Interest and fees Distribution [●] Available Revenue ~~Funds~~ Receipts [●] Principal Distribution [●] Distributions to Noteholders [●] COPY Other Distributions Available Redemption Receipts [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Available Redemption Receipts [●] [●] [●] [●] [●] Other Distributions [●] COPY Other Required Information Amounts Distributed by Issuer [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Amounts Distributed by the Issuer [●] COPY Opening mortgage principal balance - close [●] Opening mortgage principal balance - this Period [●] Total opening mortgage principal balance [●] [●] Unscheduled payments (Redemptions) [●] [●] Scheduled payments [●] [●] Principal Losses [●] [●] Principal Recoveries [●] [●] Closing mortgage principal balance [●] [●] Subject to the Servicer Report Class Z Notes Class A Notes [●] [●] [●] [●] [●] [●] [●] [●] ~~Reserve Funds~~ [●] [●] [●] [●] Credits Debits General Reserve Fund Original General Reserve Fund amount [●] General Reserve Fund Amount as at previous IPD [●] General Reserve Fund Required Amount per current IPD [●] Top ups on IPD [●] Drawings on IPD [●] Excess amounts released [●] Closing Balance [●] COPY Period Start Date (included) Period End date (excluded) Day Count Fraction COPY Fixed Rate Swap Notional Amount Period Start Date (included) Period End date (excluded) Day Count Fraction Floating Rate Swap Notional Amount COPY Event of Default Breach (Y/N) COPY As at: [●] This Period Last Period Total No. Balance Arrears % No. Balance Arrears % No. of Loans Paying => Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans Paying => 75% Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans Paying < 75% Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans That Made No Payment [●] [●] [●] [●] [●] [●] [●] [●] Total [●] [●] [●] [●] [●] [●] [●] [●] % Original Principal Balance % Outstanding Principal Balance [●] [●] [●] [●] 1 to 2 Months No. of Loans Paying => Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans Paying => 75% Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans Paying < 75% Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans That Made No Payment [●] [●] [●] [●] [●] [●] [●] [●] Total [●] [●] [●] [●] [●] [●] [●] [●] % Original Principal Balance % Outstanding Principal Balance [●] [●] [●] [●] No. of Loans Paying => Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans Paying => 75% Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans Paying < 75% Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans That Made No Payment [●] [●] [●] [●] [●] [●] [●] [●] Total [●] [●] [●] [●] [●] [●] [●] [●] % Original Principal Balance % Outstanding Principal Balance [●] [●] Subject to the Servicer Report [●] [●] As at: [●] This Period Last Period 3 to 4 Months No. Balance Arrears % No. Balance Arrears % No. of Loans Paying => Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans Paying => 75% Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans Paying < 75% Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans That Made No Payment [●] [●] [●] [●] [●] [●] [●] [●] Total [●] [●] [●] [●] [●] [●] [●] [●] % Original Principal Balance % Outstanding Principal Balance [●] [●] [●] [●] 4+ Months No. of Loans Paying => Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans Paying => 75% Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans Paying < 75% Monthly CMS [●] [●] [●] [●] [●] [●] [●] [●] No. of Loans That Made No Payment [●] [●] [●] [●] [●] [●] [●] [●] Total [●] [●] [●] [●] [●] [●] [●] [●] % Original Principal Balance % Outstanding Principal Balance [●] [●] [●] [●] Subject to the Servicer Report As at: [●] At Close This Period Last Period Original Principal Balance as at close Total Original Number of Loans [●] [●] Outstanding Principal Balance as at prior month end Total Current Number of Loans [●] [●] [●] [●] Total number of performing loans Total value of performing loans Total number of 3+ months Total value of 3+ months Percentage 3+ months on Original Balance Percentage 3+ months on Outstanding Balance Total Value of Arrears Cases Total Number of Arrears Cases % Original Principal Balance % Outstanding Principal Balance [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Subject to the Servicer Report As at: [●] This Period Last Period REPOSSESSIONS Number of Repossessions this Period [●] [●] Repossessions Cured Total Number of Properties Unsold Principal Balance Unsold Principal Balance Cured % Original Principal Balance %Outstanding Principal Balance [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] SALES OF REPOSSESSIONS This Period Current Balance Last Period Current Balance Total Number of Repossessions Sold since close Total Value of Property Sold Value of Properties Repossessed this period Cumulative Value of Properties Repossessed since close Number of Properties sold this period Value of Properties sold this period [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Cumulative Loss on Sale Cumulative Loss on Sale % of Original Principal Balance Cumulative Redemption Shortfalls incurred Period Losses Cumulative Losses [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Subject to the Servicer Report This Period Last Period Average CPR speed is the amount expressed as an annualised percentage of principal prepaid in excess of scheduled repayments. The average CPR speed is calculated by first dividing the Current Residential Mortgage Loan Principal Balance (i.e. the actual balance) by the Scheduled Residential Mortgage Loan Principal Balance assuming no prepayments have been made (i.e. only scheduled repayments have been made). The quotient is then raised to a power whereby the exponent is the quantity twelve divided by the number of months since issue. Subtract this result from one then multiply it by one hundred (100) to determine the Average CPR speed. [●] [●] The calculation is expressed as follows: 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑅𝑒𝑠𝑖𝑑𝑒𝑛𝑡𝑖𝑎𝑙 𝑀𝑜𝑟𝑡𝑔𝑎𝑔𝑒 𝐿𝑜𝑎𝑛 𝑃𝑟𝑖𝑛𝑐𝑖𝑝𝑎𝑙 𝐵𝑎𝑙𝑎𝑛𝑐𝑒 𝑆𝑐ℎ𝑒𝑑𝑢𝑙𝑒𝑑 𝑅𝑒𝑠𝑖𝑑𝑒𝑛𝑡𝑖𝑎𝑙 𝑀𝑜𝑟𝑡𝑔𝑎𝑔𝑒 𝐿𝑜𝑎𝑛 𝑃𝑟𝑖𝑛𝑐𝑖𝑝𝑎𝑙 𝐵𝑎𝑙𝑎𝑛𝑐𝑒 COPY 𝐶𝑃𝑅𝐴𝑣g = 100 × 1 − Annualised Periodical CPR speed is the amount expressed as a periodical percentage of principal prepaid in excess of scheduled repayments. The Periodical CPR speed is calculated by first dividing the Current Residential Mortgage Loan Principal Balance (i.e. the actual balance) by the Scheduled Residential Mortgage Loan Principal Balance in the period assuming no prepayments have been made (i.e. only scheduled repayments have been made). This quotient is then raised to a power whereby the exponent is the quantity twelve divided by the number of months in the period. Subtract this result from the one then multiply it by one hundred (100) to determined the Periodical CPR speed. [●] [●] The calculation is expressed as follows: 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑅𝑒𝑠𝑖𝑑𝑒𝑛𝑡𝑖𝑎𝑙 𝑀𝑜𝑟𝑡𝑔𝑎𝑔𝑒 𝐿𝑜𝑎𝑛 𝑃𝑟𝑖𝑛𝑐𝑖𝑝𝑎𝑙 𝐵𝑎𝑙𝑎𝑛𝑐𝑒 𝑆𝑐ℎ𝑒𝑑𝑢𝑙𝑒𝑑 𝑅𝑒𝑠𝑖𝑑𝑒𝑛𝑡𝑖𝑎𝑙 𝑀𝑜𝑟𝑡𝑔𝑎𝑔𝑒 𝐿𝑜𝑎𝑛 𝑃𝑟𝑖𝑛𝑐𝑖𝑝𝑎𝑙 𝐵𝑎𝑙𝑎𝑛𝑐𝑒 Periodical CPR = 100 × 1 − 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑅𝑒𝑠𝑖𝑑𝑒𝑛𝑡𝑖𝑎𝑙 𝑀𝑜𝑟𝑡𝑔𝑎𝑔𝑒 𝐿𝑜𝑎𝑛 𝑃𝑟𝑖𝑛𝑐𝑖𝑝𝑎𝑙 𝐵𝑎𝑙𝑎𝑛𝑐𝑒 𝑆𝑐ℎ𝑒𝑑𝑢𝑙𝑒𝑑 𝑅𝑒𝑠𝑖𝑑𝑒𝑛𝑡𝑖𝑎𝑙 𝑀𝑜𝑟𝑡𝑔𝑎𝑔𝑒 𝐿𝑜𝑎𝑛 𝑃𝑟𝑖𝑛𝑐𝑖𝑝𝑎𝑙 𝐵𝑎𝑙𝑎𝑛𝑐𝑒 Annualised Periodical CPR speed is the amount expressed as a periodical percentage of principal prepaid in excess of scheduled repayments. The Periodical CPR speed is calculated by first dividing the Current Residential Mortgage Loan Principal Balance (i.e. the actual balance) by the Scheduled Residential Mortgage Loan Principal Balance in the period assuming no prepayments have been made (i.e. only scheduled repayments have been made). This quotient is then raised to a power whereby the exponent is the quantity twelve divided by the number of months in the period. Subtract this result from the one then multiply it by one hundred (100) to determined the Periodical CPR speed. [●] [●] The calculation is expressed as follows: Periodical CPR = 100 × 1 − Subject to the Servicer Report COPY Available Revenue ~~Funds~~ Receipts [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Total [●] [●] COPY Available Redemption Receipts [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Total [●] [●] COPY Post-Enforcement ~~Borrower Amounts~~ Priority of Payments [●] This Period [●] Last IPD [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Total [●] [●] Swap Collateral Account Priority of Payments [●] This Period [●] Last IPD [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Total [●] [●] 0 <=x< 75,000 [●] [●] [●] [●] 75,000 <=x< 100,000 [●] [●] [●] [●] 100,000 <=x< 125,000 [●] [●] [●] [●] 125,000 <=x< 150,000 [●] [●] [●] [●] 150,000 <=x< 175,000 [●] [●] [●] [●] 175,000 <=x< 200,000 [●] [●] [●] [●] 200,000 <=x< 225,000 [●] [●] [●] [●] 225,000 <=x< 250,000 [●] [●] [●] [●] 250,000 <=x< 275,000 [●] [●] [●] [●] 275,000 <=x< 300,000 [●] [●] [●] [●] 300,000 <=x< 325,000 [●] [●] [●] [●] 325,000 <=x< 350,000 [●] [●] [●] [●] 350,000 <=x< 375,000 [●] [●] [●] [●] 375,000 <=x [●] [●] [●] [●] 0 <=x< 75,000 [●] [●] [●] [●] 75,000 <=x< 100,000 [●] [●] [●] [●] 100,000 <=x< 125,000 [●] [●] [●] [●] 125,000 <=x< 150,000 [●] [●] [●] [●] 150,000 <=x< 175,000 [●] [●] [●] [●] 175,000 <=x< 200,000 [●] [●] [●] [●] 200,000 <=x< 225,000 [●] [●] [●] [●] 225,000 <=x< 250,000 [●] [●] [●] [●] 250,000 <=x< 275,000 [●] [●] [●] [●] 275,000 <=x< 300,000 [●] [●] [●] [●] 300,000 <=x< 325,000 [●] [●] [●] [●] 325,000 <=x< 350,000 [●] [●] [●] [●] 350,000 <=x< 375,000 [●] [●] [●] [●] 375,000 <=x [●] [●] [●] [●] Subject to the Total [●] [●] [●] [●] Servicer Report 0 <=x< 70% [●] [●] [●] [●] 70% <=x< 75% [●] [●] [●] [●] 75% <=x< 80% [●] [●] [●] [●] 80% <=x< 85% [●] [●] [●] [●] 85% <=x< 90% [●] [●] [●] [●] 90% <=x< 95% 95% <=x< 100% [●] [●] [●] [●] ~~95% <=x< 100%~~ [●] [●] [●] [●] 100% <=x< 105% [●] [●] [●] [●] 105% <=x [●] [●] [●] [●] 0 <=x< 70% [●] [●] [●] [●] 70% <=x< 75% [●] [●] [●] [●] 75% <=x< 80% [●] [●] [●] [●] 80% <=x< 85% [●] [●] [●] [●] 85% <=x< 90% [●] [●] [●] [●] 90% <=x< 95% [●] [●] [●] [●] 95% <=x< 100% [●] [●] [●] [●] 100% <=x< 105% ~~[●] [●] [●] [●]~~ 105% <=x [●] [●] [●] [●] ~~<=2019~~ [●] [●] [●] [●] ~~2020~~ [●] [●] [●] [●] ~~2021~~ [●] [●] [●] [●] ~~>=2022~~ [●] [●] [●] [●] ~~Total~~ [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Subject to the ~~Servicer Report 0 <=x< 15~~ Total [●] [●] [●] [●] 15 <=x< 17 [●] [●] [●] [●] 17 <=x< 19 [●] [●] [●] [●] 19 <=x< 21 [●] [●] [●] [●] 21 <=x< 23 [●] [●] [●] [●] 23 <=x< 25 [●] [●] [●] [●] 25 <=x< 27 [●] [●] [●] [●] 27 <=x< 29 [●] [●] [●] [●] 29 <=x [●] [●] [●] [●] Servicer Report COPY 0 <=x< 5 [●] [●] [●] [●] 5 <=x< 8 [●] [●] [●] [●] 8 <=x< 11 [●] [●] [●] [●] 11 <=x< 14 [●] [●] [●] [●] 14 <=x< 17 [●] [●] [●] [●] 17 <=x< 20 [●] [●] [●] [●] 20 <=x< 23 [●] [●] [●] [●] 23 <=x< 26 [●] [●] [●] [●] 26 <=x [●] [●] [●] [●] Repayment [●] [●] [●] [●] Interest Only [●] [●] [●] [●] Part & Part [●] [●] [●] [●] Subject to the Servicer Report 0.00% <=x< 2.50% [●] [●] [●] [●]

Appears in 1 contract

Sources: Cash Management Agreement

Estimation. ~~11.1 If~~ 12.1 In the event that the Servicer has not provided a Servicer Report in respect of a Collection Period (each such period, a Determination Period), the Cash Manager shall be required to estimate the amount of Redemption Receipts and Revenue Receipts for such Determination Period based on the ~~three~~ most recently received Servicer ~~Reports~~ Report in respect of the preceding Collection ~~Periods or, where there are not at least three previous Servicer Reports, any previous Servicer Reports~~ Period in accordance with Schedule 5 (Determinations and Reconciliation), for the purposes of complying with its obligations hereunder. The Cash Manager shall make such estimations on the basis of information available to it at such time and shall not be liable (in the absence of gross negligence, fraud and wilful default) for the accuracy of such estimations. ~~11.2~~ 12.2 Upon receipt by the Cash Manager of the Servicer Report in relation to the Determination Period, the Cash Manager will apply the reconciliation calculations set out in Schedule 5 (Determinations and Reconciliation). Analyst US Bank Analyst ▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ ▇▇.▇▇▇.▇▇▇.▇▇▇▇ U.S. Bank Global Corporate Trust Services Address 5th Floor ▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇,▇▇▇▇ ▇▇▇ Distribution Date [●] U.S. Bank Global Corporate Trust Services Website ▇▇▇▇▇://▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇ General Information Content ~~Interest~~ Payment Date: [●] Deal Summary 2 Collateral Performance Graphs 3 Prior Payment: [●] Delinquencies Graphs 4 Deal Counterparties 2 5 Next Payment: [●] Note Distribution Detail ~~3 Prior~~ / Factors 6 Note Interest ~~Payment Date~~Reconciliation - Accrual 7 Distribution Count: [●] Note Interest Reconciliation - ~~Accrual 4~~ Deferred 8 Note ~~Interest~~ Principal Reconciliation ~~- Deferred 5 Next Interest Payment~~ 9 Closing Date: [●] ~~Note Principal Reconciliation 6~~ Rating Information 10 Cash Reconciliation ~~7 Distribution Count~~11 Legal Maturity Date: [●] Other Required Information 8 12 Mortgage Principal Analysis ~~9 Closing~~ 13 Interest Determination Date: [●] Principal Deficiency Ledger 10 14 Reserve ~~Funds 11 Final Maturity Date: [●] Triggers 12 Portfolio Performance 13~~Fund Ledgers and Set-~~14 Interest Determination Date: [●] Collateral Report 15-16 Prepayment Rate (CPR) 17~~ off Amounts 15 Next Interest Determination Date: [●] ~~Pre~~Reserve Fund and Principal Allocation 16 Swap Transaction Details 17 Index: [●] Triggers 18 Portfolio Performance 19-~~Enforcement Revenue~~ 20 Currency: [●] Collateral Report 21-22 Prepayment Rate (CPR) 23 Priority of Payments ~~18 Pre-Enforcement Redemption~~ (Interest) 24 Priority of Payments ~~19 Index: Compounded Daily ▇▇▇▇▇ Post-Enforcement Priority of Payments 20~~ (Principal) 25 Mortgage Portfolio Analysis 2126-~~28 Currency: GBP (£) Issuer CMF 2024-1 PLC~~ 33 Class A1 [●] [● ] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Class A2 [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Class A Notes [●] [●] [●] [●] [●] [●] [●] Class Z Notes [●] [●] [●] [●] [●] [●] [●] Class X Notes [●] [●] [●] [●] [●] [●] [●] Class A Notes [●] [●] [●] [●] [●] [●] [●] [●] Class Z Notes [●] [●] [●] [●] [●] [●] [●] [●] Class X Notes [●] [●] [●] [●] [●] [●] [●] [●] Class A Notes [●] [●] [●] [●] [●] [●] Class Z Notes [●] [●] [●] [●] [●] [●] Class X Notes [●] [●] [●] [●] [●] [●] Total [●] [●] [●] (1) Determined as follows: Original Principal Balance of all subordinate classes/Total Original Principal Balance (2) Determined as follows: Ending Principal Balance of all subordinate classes/Total Ending Principal Balance Available Collections Distributions [●] [●] (see Other Required Information page for further detail) [●] [●] [●] [●] [●] [●] Amounts Distributed by the Issuer Distributions to Noteholders [●] [●] [●] Interest and fees Distribution [●] Available Revenue Funds [●] Principal Distribution [●] Distributions to Noteholders [●] Other Distributions Available Redemption Receipts B [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Class C [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] ~~[●] [●] [●] [●] Available Redemption Receipts [●] [●] [●] [●] [●] Other Distributions [●] Other Required Information Amounts Distributed by Issuer~~ Class D [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Class E [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] 30 < Days <= 60 [●] [●] [●] [●] [●] 60 < Days <= 90 [●] [●] [●] [●] [●] [●] [●] Amounts Distributed by the Issuer [●] Opening mortgage principal balance - close [●] Opening mortgage principal balance - this Period [●] Total opening mortgage principal balance [●] [●] Unscheduled payments (Redemptions) [●] [●] Scheduled payments [●] [●] Principal Losses [●] [●] Principal Recoveries [●] [●] Closing mortgage principal balance [●] [●] Subject to the Servicer Report Class Z Notes Class A Notes 90 < Days <= 120 [●] [●] [●] [●] [●] [●] [●] [●] Reserve Funds Credits Debits General Reserve Fund Original General Reserve Fund amount [●] General Reserve Fund Amount as at previous IPD [●] General Reserve Fund Required Amount per current IPD [●] Top ups on IPD [●] Drawings on IPD [●] Excess amounts released [●] Closing Balance [●] Event of Default Breach (Y/N) Subject to the Servicer Report Subject to the Servicer Report Subject to the Servicer Report Subject to the Servicer Report Available Revenue Funds Days > 120 [●] [●] [●] [●] [●] Excess Spread Amount during Period [●] [●] [●] [●] [●] Percentage of Pool (Annualised) [●] [●] [●] [●] [●] Constant Prepayment Rate (CPR) Period [●] [●] [●] [●] [●] ~~[●] [●] [●] [●] [●] [●] [●] [●] [●] [●]~~ Since Closing [●] [●] [●] [●] [●] Total ~~[●] [●] Available Redemption Receipts~~ Principal Payments in Period [●] [●] [●] [●] [●] Principal Closing Balance [●] [●] [●] [●] [●] Percentage of Closing Balance (%) [●] [●] [●] [●] [●] Percentage of Interest Due (%) [●] [●] [●] [●] [●] Percentage of Original Balance (%) [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Total [●] [●] Post-Enforcement Borrower Amounts [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] Total [●] [●] 0 <=x< 75,000 [●] [●] [●] [●] 75,000 <=x< 100,000 [●] [●] [●] [●] 100,000 <=x< 125,000 [●] [●] [●] [●] 125,000 <=x< 150,000 [●] [●] [●] [●] 150,000 <=x< 175,000 [●] [●] [●] [●] 175,000 <=x< 200,000 [●] [●] [●] [●] 200,000 <=x< 225,000 [●] [●] [●] [●] 225,000 <=x< 250,000 [●] [●] [●] [●] 250,000 <=x< 275,000 [●] [●] [●] [●] 275,000 <=x< 300,000 [●] [●] [●] [●] 300,000 <=x< 325,000 [●] [●] [●] [●] 325,000 <=x< 350,000 [●] [●] [●] [●] 350,000 <=x< 375,000 [●] [●] [●] [●] 375,000 <=x [●] [●] [●] [●] 0 <=x< 75,000 [●] [●] [●] [●] 75,000 <=x< 100,000 [●] [●] [●] [●] 100,000 <=x< 125,000 [●] [●] [●] [●] 125,000 <=x< 150,000 [●] [●] [●] [●] 150,000 <=x< 175,000 [●] [●] [●] [●] 175,000 <=x< 200,000 [●] [●] [●] [●] 200,000 <=x< 225,000 [●] [●] [●] [●] 225,000 <=x< 250,000 [●] [●] [●] [●] 250,000 <=x< 275,000 [●] [●] [●] [●] 275,000 <=x< 300,000 [●] [●] [●] [●] 300,000 <=x< 325,000 [●] [●] [●] [●] 325,000 <=x< 350,000 [●] [●] [●] [●] 350,000 <=x< 375,000 [●] [●] [●] [●] 375,000 <=x [●] [●] [●] [●] Subject to the Total [●] [●] [●] [●] Servicer Report 0 <=x< 70% [●] [●] [●] [●] 70% <=x< 75% [●] [●] [●] [●] 75% <=x< 80% [●] [●] [●] [●] 80% <=x< 85% [●] [●] [●] [●] 85% <=x< 90% [●] [●] [●] [●] 90% <=x< 95% [●] [●] [●] [●] 95% <=x< 100% [●] [●] [●] [●] 100% <=x< 105% [●] [●] [●] [●] 105% <=x [●] [●] [●] [●] 0 <=x< 70% [●] [●] [●] [●] 70% <=x< 75% [●] [●] [●] [●] 75% <=x< 80% [●] [●] [●] [●] 80% <=x< 85% [●] [●] [●] [●] 85% <=x< 90% [●] [●] [●] [●] 90% <=x< 95% [●] [●] [●] [●] 95% <=x< 100% [●] [●] [●] [●] 100% <=x< 105% [●] [●] [●] [●] 105% <=x [●] [●] [●] [●] <=2019 [●] [●] [●] [●] 2020 [●] [●] [●] [●] 2021 [●] [●] [●] [●] >=2022 [●] [●] [●] [●] Total [●] [●] [●] [●] Subject to the Servicer Report 0 <=x< 15 [●] [●] [●] [●] 15 <=x< 17 [●] [●] [●] [●] 17 <=x< 19 [●] [●] [●] [●] 19 <=x< 21 [●] [●] [●] [●] 21 <=x< 23 [●] [●] [●] [●] 23 <=x< 25 [●] [●] [●] [●] 25 <=x< 27 [●] [●] [●] [●] 27 <=x< 29 [●] [●] [●] [●] 29 <=x [●] [●] [●] [●] 0 <=x< 5 [●] [●] [●] [●] 5 <=x< 8 [●] [●] [●] [●] 8 <=x< 11 [●] [●] [●] [●] 11 <=x< 14 [●] [●] [●] [●] 14 <=x< 17 [●] [●] [●] [●] 17 <=x< 20 [●] [●] [●] [●] 20 <=x< 23 [●] [●] [●] [●] 23 <=x< 26 [●] [●] [●] [●] 26 <=x [●] [●] [●] [●] Repayment [●] [●] [●] [●] Interest Only [●] [●] [●] [●] Part & Part [●] [●] [●] [●] Subject to the Servicer Report 0.00% <=x< 2.50% [●] [●] [●] [●]

Appears in 1 contract

Sources: Cash Management Agreement

Appears in 1 contract

Sources: Cash Management Agreement

Common use of Estimation Clause in Contracts