EXHIBIT 99.1
ARMS II Global Fund I
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Reference to | ARMS II GLOBAL FUND 1
Schedule 8 of |
the Bond | BONDHOLDERS REPORT RELATED TO SEPTEMBER 10, 2003 DISTRIBUTION
Trust Deed |
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REPORTING DATES
Cut-Off Date August 29, 2003
Determination Date September 8, 2003
Payment Date September 10, 2003
Start Interest Period June 5, 2003
End Interest Period September 9, 2003
No. of Days in Interest Period 97
Start Calculation Period June 5, 2003
End Calculation Period August 29, 2003
No. of Days in Calculation Period 86
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SECURITIES ON ISSUE Amount Amount
(US$) (A$)
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Class A Bonds
Initial Face Value 1,000,000,000 1,525,553,013
Previous Principal Distribution -- --
Principal Distribution for current calculation period 63,400,000 96,720,061
Total Principal Distribution to date 63,400,000 96,720,061
Beginning Principal Amount 1,000,000,000 1,525,553,013
(a) Ending Principal Amount 936,600,000 1,428,832,952
less Unreimbursed Charge-offs -- --
Beginning Stated Amount 1,000,000,000 1,525,553,013
(a) Ending Stated Amount 936,600,000 1,428,832,952
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
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INTEREST RATE FOR ACCRUAL PERIOD Libor / Interest Interest
Bank Xxxx Xxxx Margin Rate
-------------- -------- --------
US$
Class A Bonds 1.27677 0.23000 1.50677
A$
Class A Bonds (payable to Currency Swap Provider) 4.79005 0.35100 5.14105
Class B Bonds 4.79005 0.90000 5.69005
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Page 1 of 3
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Reference to | ARMS II GLOBAL FUND 1
Schedule 8 of |
the Bond | BONDHOLDERS REPORT RELATED TO SEPTEMBER 10, 2003 DISTRIBUTION
Trust Deed |
--------------|---------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS PAYABLE ON PAYMENT DATE (US$) (A$)
------------ ------------
Interest Entitlement:
(b) Class A Bonds 4,059,900 20,842,893
(b) Class B Bonds 763,636
Principal Repayment:
(c) Class A Bonds 63,400,000 96,720,061
(c) Class B Bonds
Total:
Class A Bonds 67,459,900 117,562,954
Class B Bonds -- 763,636
Total 67,459,900 118,326,590
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POOL FACTORS Last Current
Distribution Distribution
Date Date
------------- ------------
(h) Class A Bonds 1.0000 0.9366
Class B Bonds 1.0000 1.0000
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(d) INCOME COLLECTIONS FOR CALCULATION PERIOD 24,213,056
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AVAILABLE AMORTISATION AMOUNT (A$)
-------------
(i) Scheduled Principal Collections 3,462,580
(i) Unscheduled Principal Collections 133,381,903
Gross Principal Collections 136,844,483
less
(g) Redraw Advances, Line of Credit Advances and
Permitted Further Advances 38,339,623
(e) Net Principal Collections 98,504,860
Application of Cash Reserve and Advances
Reserve as Available Amortisation Amount (1,784,799)
(l) Charge-offs and Unreimbursed Charge-offs 0
(f) Available Amortisation Amount 96,720,061
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PORTFOLIO INFORMATION
(based on Loans forming part of the Assets of the
Fund as at the last day of the Calculation Period)
(j) Aggregate Face Value of Loans 1,473,850,457
Total number of Loans 6,571
Average Loan Balance 224,296.22
Weighted Average LVR 73.89
Seasoning No of Loans % by number Balance % by balance
--------- ----------- ----------- ------- ------------
0 to 6 months 1,326 20.18% 299,315,120 20.31%
6 to 12 months 4,046 61.57% 922,287,226 62.58%
12 to 18 months 502 7.64% 113,231,933 7.68%
18 to 24 months 183 2.78% 41,051,616 2.79%
24 to 36 months 103 1.57% 23,544,004 1.60%
36 to 48 months 175 2.66% 35,588,489 2.41%
48 to 60 months 116 1.77% 19,798,868 1.34%
>60 months 120 1.83% 19,033,201 1.29%
6,571 100.00% 1,473,850,457 100.00%
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Page 2 of 3
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Reference to | ARMS II GLOBAL FUND 1
Schedule 8 of |
the Bond | BONDHOLDERS REPORT RELATED TO SEPTEMBER 10, 2003 DISTRIBUTION
Trust Deed |
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(k) AGGREGATE LOSS AMOUNT NIL
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(m) DELINQUENCY AND LOSSES
DELINQUENCY (A$) Amount % of
of Loans Pool
------------ -----
31 - 60 days 7,811,407 0.53%
61 - 90 days 4,863,707 0.33%
90+ days 2,210,776 0.15%
LOSSES AUD
Mortgage Insurance claims made Nil
Mortgage Insurance claims paid Nil
Mortgage Insurance claims pending Nil
Mortgage Insurance claims denied Nil
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