AMENDED AND RESTATED ILLIQUID ASSETS BACK-UP FACILITY AGREEMENT Between ING GROEP N.V. and ING BANK N.V. and STAAT DER NEDERLANDEN

Exhibit 4.4

EXECUTION COPY

AMENDED AND RESTATED ILLIQUID ASSETS BACK-UP

FACILITY AGREEMENT

13 NOVEMBER 2012

Between

ING GROEP N.V.

and

ING BANK N.V.

and

XXXXX XXX XXXXXXXXXXX

CONTENTS


Clause			Page

1.	Interpretation			3
2.	Conditions Precedent			13
3.	Designated Securities Pool			13
4.	Payments by the State			15
5.	Payments by ING Bank			21
6.	Security			25
7.	Reporting and Information			25
8.	Payments			26
9.	Representations and Warranties			28
10.	Covenants			31
11.	Governance			32
12.	Default			33
13.	Conditions to Payment			36
14.	Set-Off and Suspension Rights			36
15.	Funding Benefit Compensation			37
16.	Evidence			39
17.	Indemnities			39
18.	Expenses			40
19.	Amendments and Waivers			41
20.	Changes to the Parties			41
21.	Counterparts			41
22.	Notices			41
23.	Language			42
24.	Waiver			43
25.	Governing Law			43
26.	Enforcement			43

Schedule

1.	Conditions Precedent Documents in respect of the Amendment			44
2.	Description of Securities			45
3.	Fixed Rate Minimum and Maximum Guaranteed Values			108
4.	Floating Rate Minimum and Maximum Guaranteed Values			119
5.	Terms and Conditions of the Bonds			130
6.	Overview of Final Maturity Dates and Principal Amounts of each Series of Bonds			140
	Part 1	Original IABF Fixed Rate Bonds and Further Issue IABF Fixed Rate Bonds		140
	Part 2	Original IABF Floating Rate Bonds and Further Issue IABF Floating Rate Bonds		141
7.	Conditions to Operational Changes			142
8.	Calculation of Excess Funding Benefit Amount as Set Out in Clause 15.1(b)			144

Signatories				146

THIS AMENDED AND RESTATED ILLIQUID ASSETS BACK UP FACILITY AGREEMENT, originally entered into in seven separate agreements on 31 March 2009, each as amended on 26 November 2010, and in the case of the illiquid assets back-up facility agreement with respect to ING Bank, fsb, as further amended and restated on 17 February 2012, is dated 13 November 2012 and is made

BETWEEN:

(1)	ING GROEP N.V., a company organised under the laws of the Netherlands, whose corporate seat is at Amsterdam (ING Groep);

(2)	ING BANK N.V., a company organised under the laws of the Netherlands, whose corporate seat is at Amsterdam (ING Bank); and

(3)	STAAT DER NEDERLANDEN (the State).

WHEREAS:

(A)	One of the purposes for the amendments and restatements in this Agreement is to lay down the provisions of the Facilities Agreements in one agreement.

(B)	The Parties furthermore intend to incorporate in this Agreement the separate payment obligations of the parties under the payment agreement between ING Groep and the State, dated 24 October 2009, as amended on 26 November 2010, and 16 February 2012 (the Payment Agreement).

IT IS AGREED as follows:

1.	INTERPRETATION

1.1

Definitions

In this Agreement:

2012 Deed of Disclosed Pledge means the Dutch law governed disclosed deed of pledge over the Pledged Assets dated on or prior to the Universal Completion Date granted by ING Bank in favour of the State.

Acceleration Event has the meaning given thereto in Clause 12.3 (Acceleration).

Account Control Agreements means:

(a)

the account control agreement between the Bank of New York Mellon, ING Bank and the State dated 16 February 2012; and

(b)

the account control agreement between the Bank of New York Mellon, ING Bank and the State to be dated on or around the Universal Completion Date.

Aggregate Guaranteed Value means, as of the Cut-off Date, USD 27,848,868,747, which shall be reduced by (a) the aggregate amount of all State Instalment Amounts and (b) prepayments paid by the State, and (c) the aggregate of the Principal Amount Outstanding Registered Bonds and (d) the aggregate of amounts not paid when due by ING Bank pursuant to Clause 5.1(d).

Amended and Restated Agency Agreement means the amended and restated agency agreement to be dated on or about the Universal Completion Date between the State and Citibank, N.A., London branch in respect of the Registered Bonds which amends and restates an agency agreement dated 16 February 2012 between the parties.

Amendments Effective Time has the meaning given thereto in Clause 2 (Conditions Precedent).

Asset Documentation means, with respect to any Security, the indenture, trust agreement, fiscal agency agreement or other instrument under which such Security was issued, and all guaranties, security agreements, waivers, amendments, modifications, supplements, forbearances, intercreditor agreements, subordination agreements and all other agreements, documents or instruments executed and delivered in connection therewith.

Break Costs means, with respect to a Prepayment Amount, the sum of all the Lost Funding Fee Amounts in relation to such Prepayment Amount, in each case discounted back to the relevant Prepayment Date using the relevant discount factor derived from the US Treasury interest rates prevalent in the market on the Prepayment Date, and using market-standard interest rate interpolation and discount factor calculation techniques.

Business Day means a day that is a New York Business Day and a Dutch Business Day.

Calculation Day has the meaning attributed thereto in Clause 4.3(b).

Closing Date means 31 March 2009.

Completion Date means 17 February 2012.

Corresponding US Co Securities means for each set of Securities having the same CUSIP number, a set of US Co Securities having the same CUSIP number as that set of Securities, provided that the relevant set of US Co Securities is not larger than or equal to 25% of the corresponding set of Securities.

Current Par Value of a Security means, on any date, the principal amount, par value or stated or nominal amount of such Security as of its date of issuance multiplied by the current relevant bond factor, published by Bloomberg and as calculated by the relevant custodian holding the Security, as applicable to such Security at such date.

Custody Agreement means the custody agreement between ING Bank and Bank of New York Mellon dated 16 January 2012.

Cut-off Date means 26 January 2009.

Day Count Fraction means (a) with respect to Clause 4.3(c)(i) (Funding Fee), on the basis of a 360-day year consisting of twelve (12) 30-day months, (b) with respect to the Interest Amount or payments due pursuant to Clause 8.3 (Interest on overdue amounts), on the basis of a 360-day year and the actual number of days elapsed in the period with respect to which the payment is being made, and (c) with respect to Clause 4.3(c)(ii) (Funding Fee), on the basis of a 360-day year and the actual number of days elapsed in the period with respect to which the payment is being made.

Default means:

(a)

an Event of Default; or

(b)

a Potential Event of Default.

Description of Securities means the description of certain features of the Securities attached hereto as Schedule 2 (Description of Securities).

Designated Securities Pool means all Securities collectively.

Disruption Event means:

(a)

a material disruption to the payment or communications systems or to the financial markets which are required to operate in order for payments to be made (or other transactions to be carried out) in connection with the transactions contemplated by this Agreement, which is not caused by, and is beyond the control of, ING Bank; or

(b)

the occurrence of any other event which results in a disruption (of a technical or systems-related nature) to the treasury or payments operations of any ING Party preventing it from performing its payment obligations under this Agreement and which is not caused by, and is beyond the control of, any ING Party.

Divestment means, in respect of a Security, any sale, assignment, or transfer of such Security pursuant to Clause 3.3 (Divestments).

Dutch Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in Amsterdam.

Effective Federal Funds Rate means for any date, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates set by the Federal Reserve Bank of New York on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding New York Business Day in the Wall Street Journal (Eastern Edition), or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Parties from three federal funds brokers of recognized standing selected by the Parties. For a day that is not a New York Business Day, the Effective Federal Funds Rate shall be the rate applicable to federal funds transactions on the immediately preceding day for which such rate is reported.

Encumbrance means any lien, pledge, charge, claim, encumbrance, security interest, participation interest, option, mortgage, easement, or other restriction or third party right of any kind other than Permitted Encumbrances.

Event of Default means an event or circumstance specified as such in Clause 12.1 (Events of Default).

Facility Agreement means an illiquid asset back-up facility agreement between, amongst others, ING Support Holding B.V. and the State with respect to a US Company, dated 31 March 2009, as amended on 26 November 2010, and, in the case of the illiquid assets back-up facility agreement with respect to ING Bank, fsb, as transferred by a transfer of contractual relationship from ING Support Holding to ING Bank N.V. on 17 February 2012, after which it was further amended and restated on that same date (but, for the avoidance of doubt, not as amended on or about the date of this Agreement), and the Facility Agreements means collectively all the Facility Agreements.

Fair Market Value is the value determined in accordance with Clause 12.4 (Determination and payment of the Fair Market Value).

Final ING Payment Date means the date that falls ten (10) Business Days after the earliest to occur of (a) all outstanding amounts due and payable in respect of the Securities are received from the Obligors, (b) ING Bank having no further claim against the Obligors in respect of the Securities and (c) all of the Securities shall have been divested pursuant to Clause 3.3 (Divestments).

Final Maturity Date means the final maturity date of a Registered Bond.

Financing Arrangement means an arrangement as described in Clause 4.6(f).

Financial Guarantee means the financial guarantee agreement between the State and ING Groep dated 17 February 2012.

Fixed Rate Day Count Fraction means 30/360.

Fixed Rate Securities means the Securities carrying a fixed interest rate on the Cut-off Date, as referred to in Schedule 2 (Description of Securities).

Fixed Rate Securities Guaranteed Value means, on any day, the Aggregate Guaranteed Value without taking into account any of the reductions under and including (a) up to and including (d) in such definition of Aggregate Guaranteed Value relating to the Fixed Rate Securities at the Cut-off Date minus (a) the portion of each State Instalment Amount and each Prepayment Amount paid by the State pursuant to Clause 4.1 (Payment of Aggregate Guaranteed Value) or Clause 4.2 (Prepayment and Break Costs) and allocated to the Fixed Rate Securities Guaranteed Value pursuant to Clause 4.1(c) or Clause 4.2(d), as the case may be, up to (but excluding) such date, and (b) the aggregate Principal Amount Outstanding of the IABF Fixed Rate Bonds at such date and (c) the aggregate of amounts not paid when due by ING Bank pursuant to Clause 5.1(d), in respect of IABF Fixed Rate Bonds that have matured.

Floating Rate Day Count Fraction means actual/360 (ICMA).

Floating Rate Securities means each Security carrying a floating interest rate on the Cut-off Date as referred to in Schedule 2 (Description of Securities).

Floating Rate Securities Guaranteed Value means, on any day, the Aggregate Guaranteed Value without taking into account any of the reductions under and including items (a) up to and including (d) in such definition of Aggregate Guaranteed Value relating to the Floating Rate Securities at the Cut-off Date minus (a) the portion of each State Instalment Amount and each Prepayment Amount paid by the State pursuant to Clause 4.1 (Payment of Aggregate Guaranteed Value) or Clause 4.2 (Prepayment and Break Costs) and allocated to the Floating Rate Securities Guaranteed Value pursuant to Clause 4.1(d) or Clause 4.2(d), as the case may be, up to (but excluding) such date, and (b) the aggregate Principal Amount Outstanding of the IABF Floating Rate Bonds at such date and (c) the aggregate of amounts not paid when due by ING Bank pursuant to Clause 5.1(d) in respect of IABF Floating Rate Bonds that have matured.

Funding Fee has the meaning given thereto in Clause 4.3 (Funding Fee).

Funding Fee Calculation has the meaning given thereto in Clause 4.9.

Funding Fee Calculation Agent has the meaning given thereto in Clause 4.9.

Further Issue IABF Fixed Rate Bonds has the meaning attributed thereto in Clause 4.6(c).

Further Issue IABF Floating Rate Bonds has the meaning attributed thereto in Clause 4.6(c).

Further Issue Registered Bonds means the Further Issue IABF Fixed Rate Bonds and the Further Issue IABF Floating Rate Bonds.

GAAP means generally accepted accounting principles in the jurisdiction of incorporation of ING Bank including IFRS.

Group means ING Groep and its Subsidiaries.

Guarantee Agreement means the financial guarantee agreement between the State and ING Groep, dated 17 February 2012 (originally named Financial Guarantee), as amended and restated on or about the Universal Completion Date.

Guarantee Fee has the meaning given thereto in Clause 5.2 (Guarantee Fees).

IABF Agreement means this Agreement.

IABF Fixed Rate Bonds means the Original IABF Fixed Rate Bonds and the Further Issue IABF Fixed Rate Bonds.

IABF Floating Rate Bonds means the Original IABF Floating Rate Bonds and the Further Issue IABF Floating Rate Bonds.

IFRS means international accounting standards within the meaning of the IAS Regulation 1606/2002.

IFRS Fair Market Value means the fair market value of the Securities on any date, as determined in accordance with Clause 12.4 using the IAS 39R Available for Sale Securities valuation methodology.

ING Calculation Period means, in respect of an ING Payment Date, the calendar month immediately preceding such ING Payment Date, provided that the first ING Calculation Period commences on and includes the Cut-off Date and ends on but excludes the last day of the calendar month that precedes the first ING Payment Date.

ING Party means each of ING Bank and ING Groep.

ING Payment Announcement Date means the date one Business Day prior to the State Instalment Announcement Date.

ING Payment Date means, 15 April 2009, being the first Business Day falling after the first State Instalment Announcement Date under this Agreement, and thereafter, the first Business Day falling after each subsequent State Instalment Announcement Date.

ING Support Holding means ING Support Holding B.V.

Interest Amount means, on any given date, the product of (a) the State Entitlement as at 5.00 p.m. in respect of the relevant day; (b) the Effective Federal Funds Rate for such day and (c) the Day Count Fraction.

London Banking Day means a day (other than a Saturday or Sunday) on which banks are open for general business in London.

Lost Funding Fee Amount means, in relation to a Prepayment Amount and a future State Payment Date, the product of:

(a)

the Rate Differential in relation to the Prepayment Amount for such State Payment Date;

(b)

the Outstanding Prepayment Amount for such State Payment Date; and

(c)

(i) in the case of a Prepayment Amount in relation to the Fixed Rate Securities Guaranteed Value, one twelfth (1/12); and (ii) in the case of a Prepayment Amount in relation to the Floating Rate Securities Guaranteed Value, the number of days from (and including) the State Payment Date immediately prior to such State Payment Date to (but excluding) such State Payment Date divided by 360.

Management Fee has the meaning given thereto in Clause 4.4 (Management Fee).

Material Adverse Effect means a material adverse effect on:

(a)

the ability of an ING Party to perform its obligations under any Transaction Document or to consummate the transactions contemplated thereby;

(b)

the validity or enforceability of any Transaction Document; or

(c)

any right or remedy of the State in respect of a Transaction Document.

Maximum Remaining Fixed Rate Guaranteed Value means, on any State Payment Date in respect of the Fixed Securities Guaranteed Value, the maximum amount indicated in Schedule 3 as applying to such State Payment Date (Fixed Rate Minimum and Maximum Guaranteed Values) minus the sum of (a) the amount of the then outstanding IABF Fixed Rate Bonds and (b) the aggregate unpaid amounts under Clause 5.1(d) in respect of IABF Fixed Rate Bonds that have matured.

Maximum Remaining Floating Rate Guaranteed Value means, on any State Payment Date in respect of the Floating Rate Securities Guaranteed Value, the maximum amount indicated in Schedule 4 as applying to such State Payment Date (Floating Rate Minimum and Maximum Guaranteed Values) minus the sum of (a) the amount of the then outstanding IABF Floating Rate Bonds and (b) the aggregate unpaid amounts under Clause 5.1(d) in respect of IABF Floating Rate Bonds that have matured.

Minimum Remaining Fixed Rate Guaranteed Value means, on any State Payment Date in respect of the Fixed Securities Guaranteed Value, the minimum amount indicated in Schedule 3 as applying to such State Payment Date (Fixed Rate Minimum and Maximum Guaranteed Values) minus the sum of (a) the amount of the then outstanding IABF Fixed Rate Bonds and (b) the aggregate unpaid amounts under Clause 5.1(d) in respect of IABF Fixed Rate Bonds that have matured.

Minimum Remaining Floating Rate Guaranteed Value means, on any State Payment Date in respect of the Floating Rate Securities Guaranteed Value, the minimum amount indicated in Schedule 4 as applying to such State Payment Date (Floating Rate Minimum and Maximum Guaranteed Values) minus the sum of (a) the amount of the then outstanding IABF Floating Rate Bonds and (b) the aggregate unpaid amounts under Clause 5.1(d) in respect of IABF Floating Rate Bonds that have matured.

New York Business Day means a day (other than a Saturday or Sunday) on which banks are open for general business in New York.

Obligor means, in respect of a Security, the issuer of such Security as well as any other parties referred to in Schedule 2 (Description of Securities) in respect of such Security and other parties who have any payment obligations towards the holder of such Securities under the Asset Documentation. For the avoidance of doubt the term Obligor shall not include any hedging or (re)insurance except to the extent such (re)insurance benefits all holders of any such security counterparties of an ING Party.

Operating Committee has the meaning given thereto in Clause 3.2.

Original IABF Fixed Rate Bonds means the registered Dutch State Fixed Rate Notes issued by the State on 21 February 2012 and initially evidenced by the global note certificates substantially in the form set out in Schedule 2 to the Amended and Restated Agency Agreement with such maturity dates and principal amounts as set out in Part 1 of Schedule 6.

Original IABF Floating Rate Bonds means the registered Dutch State Floating Rate Notes issued by the State on 21 February 2012 and initially evidenced by the global note certificates substantially in the form set out in Schedule 2 to the Amended and Restated Agency Agreement with such maturity dates and principal amounts as set out in Part 2 of Schedule 6.

Outstanding Prepayment Amount means, in relation to a Prepayment Amount and a future State Payment Date, an amount equal to the excess, if any, of

(a)

the lower of (i) the Relevant Guaranteed Value immediately prior to application of such Prepayment Amount and (ii) the Minimum Remaining Fixed Rate Guaranteed Value or the Minimum Remaining Floating Rate Guaranteed Value, as the case may be, shown in Schedule 3 and Schedule 4 respectively for the period ending on such State Payment Date;

over

(b)

the Relevant Guaranteed Value immediately after application of such Prepayment Amount.

Own means to hold legal title to the Security, whether by being the registered security holder of such Security or by holding a Securities Entitlement (as defined by the Uniform Commercial Code as implemented by the State of New York) in such Security.

Owner means ING Bank N.V.

Party means a party to this Agreement.

Permitted Encumbrance means any lien, pledge, charge, claim, encumbrance, security interest, participation interest, option, mortgage, easement or other restriction or third party right arising under or as contemplated by the Transaction Documents.

Permitted Transaction means any transaction to which the State has agreed in advance.

Pledged Assets means any and all rights (including any and all ancillary rights) of ING Bank in respect of the Securities.

Potential Event of Default means an event or circumstance which would be (with the expiry of a grace period, the passage of time, or the giving of notice or any combination of them) an Event of Default.

Prepayment Amount has the meaning given thereto in Clause 4.2 (Prepayment and Break Costs).

Prepayment Date has the meaning given thereto in Clause 4.2 (Prepayment and Break Costs).

Principal Amount Outstanding means, at any moment, in respect of each Registered Bond, the unpaid principal amount thereunder.

Rate Differential means, in relation to a Prepayment Amount and a State Payment Date, the excess of:

(a)

(i) in case of a Prepayment Amount in relation to a Fixed Rate Securities Guaranteed Value: 3%; or (ii) in case of a Prepayment Amount in relation to a Floating Rate Securities Guaranteed Value: the rate of one month USD-LIBOR projected for the one-month period ending on such State Payment Date, using the US Dollar LIBOR and swap market rates prevalent in the market on the relevant Prepayment Date, and using market-standard forward interest rate interpolation/calculation techniques;

over

(b)

the forward USD Treasury interest rate projected for the one-month period beginning on the immediately preceding State Payment Date, using the USD US Treasury interest rates prevalent in the market on the Prepayment Date, and using market-standard forward interest rate interpolation/calculation techniques.

For the avoidance of doubt, the day count convention in which this forward rate will be quoted will in each of (a) and (b) be the same, i.e. (a) in case of a Prepayment Amount in relation to a Fixed Rate Securities Guaranteed Value, 30/360; and (b) in case of a Prepayment Amount in relation to a Floating Rate Securities Guaranteed Value, Actual/360.

Registered Bonds means the IABF Floating Rate Bonds and/or the IABF Fixed Rate Bonds, or any of them.

Relevant Guaranteed Value means, in respect of Fixed Rate Securities, the Fixed Rate Securities Guaranteed Value and, in respect of Floating Rate Securities, the Floating Rate Securities Guaranteed Value.

Reset Date means (a) with regards to the first State Payment Date, the Cut-off Date, and (b) for every following State Payment Date, the date specified as such pursuant to the relevant Clause, provided that if any Reset Date described in Clause 4.3(b) would otherwise fall on a day which is not a Business Day, the relevant Reset Date for such date shall be the next following day which is a Business Day, unless such day would fall in the following calendar month, in which case the Reset Date shall be the immediately preceding day which is a Business Day.

Securities Agreement means the EUR 10,000,000,000 core tier 1 securities subscription agreement between, inter alia, ING Groep and the State and dated 11 November 2008, as the same may be amended and restated from time to time.

Security has the meaning given thereto in Clause 3.1 (Composition).

Security Documents means the 2012 Deed of Disclosed Pledge and the US Security Agreement.

Servicer means ING Investment Management Co. or such other servicer as may be appointed by ING Bank with prior consent of the State.

Servicing Agreement means the servicing agreement between ING Bank and the Servicer dated on 17 February 2012, as amended on or about the date hereof.

State Entitlement means, in respect of a Security, on any day an amount equal to the sum of:

(a)

any and all payments and distributions under such Security, including without limitation interest and coupon payments, payments in respect of the repayment of principal (in full or in part), guarantee/insurance proceeds, foreclosure proceeds and recoveries, on or prior to 5.00 p.m. on such day; plus

(b)

the proceeds received by ING Bank in respect of the Divestment of such Security net of reasonable transaction costs, on or prior to 5.00 p.m. on such day,

in each case whether received by ING Bank or a US Company, or discharged by the Obligor by way of set-off and to the extent not yet received by the State.

State Funding Fee Calculation Period has the meaning given thereto in Clause 4.3(b).

State Instalment Amount means with respect to any State Payment Date, the payment due by the State pursuant to Clause 4.1 (Payment of Aggregate Guaranteed Value).

State Instalment Announcement Date means the date one Business Day prior to the State Payment Date.

State Payment Date means 15 April 2009, being the first Business Day falling after the first State Instalment Announcement Date under this Agreement, and thereafter, the 12th calendar day of each month or, if such day is not a Business Day, the next Business Day thereafter.

Subsidiary means an entity of which a person has direct or indirect control or owns directly or indirectly more than fifty per cent. (50%) of the voting capital or similar right of ownership and control for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise.

Third Party means any person that is not a Subsidiary of ING Groep and whose financial statements are not consolidated with the financial statements of ING Groep.

Transaction Document means this Agreement, the US Security Agreement, the 2012 Deed of Disclosed Pledge, the Guarantee Agreement, the Account Control Agreements, and any other document related to the transactions contemplated by this Agreement concerning the Securities designated as such by the State and ING Bank.

Universal Completion Date means 14 November 2012, or any other date agreed between ING Groep, ING Bank and the State.

Universal Effective Time has the meaning given thereto in the 2012 universal amendment and contract transfer agreement between the State, ING Support Holding B.V., ING Bank and ING Groep, dated on or about the Universal Completion Date.

US Co Securities means the 20% of the Securities referred to in Schedule 2 of the Facility Agreements with respect to the US Companies (other than ING Bank, fsb) immediately prior to the amendment effectuated on the Universal Completion Date that are not transferred to ING Bank.

US Company means each of Security Life of Denver Insurance Company, ReliaStar Life Insurance Company, Lion Custom Investments LLC, ING USA Annuity and Life Insurance Company, ING Life Insurance and Annuity Company, ING Bank, fsb and ING Direct Bancorp.

US Security Agreement means the Pledge and Security Agreement dated as of 16 February 2012, as amended on or about the date hereof, between ING Bank and the State in respect of the Securities.

USD, US$ and $ means lawful money of the United States.

USD-LIBOR-BBA means the rate for a Reset Date which will be the rate for deposits in USD for a period of one month which appears on the Bloomberg field (FEDL01) as of 11.00 a.m. London time on the day that is two London Banking Days preceding that Reset Date. If such rate does not appear on the Bloomberg field (FEDL01), the rate for that Reset Date shall be determined from such financial reporting service or other information as shall be mutually acceptable to the State and the ING Parties.

Valuation Agent means a reputable independent international financial institution that is specialised in the field of valuing securities such as the Securities.

1.2

Dutch terms

In this Agreement, where it relates to a Dutch entity, a reference to:

(a)

a necessary action to authorise where applicable, includes without limitation:

(i)

any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and

(ii)

obtaining an unconditional positive advice (advies) from the competent works council(s);

(b)

a consent being provided under this Agreement requires the parties concerned to comply with the standard of reasonableness and fairness set out in article 6:248 of the Dutch Civil Code;


		(c)		(i)		a winding-up, administration or dissolution (and any of those terms) means a Dutch entity being declared bankrupt (failliet verklaard) or dissolved (ontbonden);

(ii)

a moratorium includes surséance van betaling and noodregeling

(iii)

any step or procedure taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990) or Section 16d of the Social Insurance Co-ordination Act of the Netherlands (Coördinatiewet Sociale Verzekeringen);

(iv)

a trustee in bankruptcy means a curator;

(v)

an administrator means a bewindvoerder and stille curator; and

(vi)

an attachment means a beslag.

1.3

Construction

(a)	In this Agreement, unless the contrary intention appears, a reference to:

(i)

an amendment includes a supplement, novation, extension (whether of maturity or otherwise), restatement, re-enactment or replacement (however fundamental and whether or not more onerous) and amended will be construed accordingly;

(ii)

assets includes present and future properties, revenues and rights of every description;

(iii)

an authorisation includes an authorisation, consent, approval, resolution, permit, licence, exemption, filing, registration or notarisation;

(iv)

indebtedness includes any obligation (whether incurred as principal or as surety and whether present or future, actual or contingent) for the payment or repayment of money;

(v)

a person includes any individual, company, corporation, unincorporated association or body (including a partnership, trust, fund, joint venture or consortium), government, state, agency, organisation or other entity whether or not having separate legal personality;

(vi)

a regulation includes any regulation, rule, official directive, request or guideline (whether or not having the force of law but, if not having the force of law, being of a type with which any person to which it applies is accustomed to comply) of any governmental, inter-governmental or supranational body, agency, department or regulatory, self-regulatory or other authority or organisation;

(vii)

a currency is a reference to the lawful currency for the time being of the relevant country;

(viii)

a Default being outstanding means that it has not been remedied or waived;

(ix)

a provision of law is a reference to that provision as extended, applied, amended or re-enacted and includes any subordinate legislation;

(x)

a Clause, a Subclause or a Schedule is a reference to a Clause or Subclause of, or a Schedule to, this Agreement;

(xi)

a Party or any other person includes its successors in title, permitted assigns and permitted transferees;

(xii)

a Transaction Document or other document or security includes (without prejudice to any prohibition on amendments) any amendment to that Transaction Document or other document or security, including any change in the purpose of, any extension for or any increase in the amount of a facility or any additional facility;

(xiii)

a Schedule includes the amended or replaced Schedule from time to time in accordance with this Agreement; and

(xiv)

a time of day is a reference to New York City time.

(b)	The headings in this Agreement do not affect its interpretation.

2.	CONDITIONS PRECEDENT

This amended and restated Agreement becomes effective (the Amendments Effective Time) upon satisfaction (or waiver) of the following conditions:

(a)

The Universal Effective Time having occurred and ING Bank having become the unencumbered and irrevocable Owner of the Securities, not subject to any retransfer obligation; and

(b)

the first ranking security right having been vested by ING Bank in favour of the State as set out in the US Security Agreement;

(c)

the 2012 Deed of Disclosed Pledge has been signed and the Debtor (as defined therein) has been notified of this 2012 Deed of Disclosed Pledge in accordance with article 3:236(2) of the Dutch Civil Code; and

(d)

satisfaction (or waiver) of the conditions precedent set out in this paragraph 2 and Schedule 1 (Conditions Precedent Documents in respect of the Amendment).

The State shall notify the ING Parties immediately upon being satisfied with the fulfilment or waiver of these conditions precedent.

3.	DESIGNATED SECURITIES POOL

3.1

Composition

(a)	The Securities are the securities that are listed or referred to in Schedule 2 (Description of Securities); provided that a security shall cease to be a “Security” if and when a Divestment has been made with respect to that Security.

(b)	As soon as reasonably possible but no later than three (3) Business Days following any Divestment, ING Bank will prepare (or cause the preparation of) a new Schedule 2 (Description of Securities) from which the relevant Divested Securities will have been removed.

3.2

Operating Committee

The State, ING Bank, and ING Groep will establish and maintain for the duration of this Agreement an operating committee (the Operating Committee) to discuss recent developments, market outlook, data and pricing in respect of the Securities. The Parties acknowledge and agree that the discussions of the Operating Committee will be for information purposes only. The State shall be responsible for making its own decisions.

ING Bank will ensure that the transfer by ING Support Holding B.V. to ING Bank on or about the Completion Date and the Universal Completion Date of its rights and obligations under the Facility Agreements, will not in any way adversely affect the functioning, composition and expertise of the Operating Committee (including but not limited to market outlook output).

After redemption of all Registered Bonds, the Operating Committee has the right to unanimously agree on an amendment of the days on which the State Instalment Announcement Date and/or the State Payment Date falls.

3.3

Divestments

(a)	The State has the right to instruct ING Bank in writing to sell, on a commercial best efforts basis, a Security at such price level as indicated by the State.

(b)

If any US federal or US State regulatory requirement (whether by way of statute or regulation or by way of an order, instruction, direction or request of any US federal or US State supervisory or other governmental authority) would prohibit, restrict, subject to consent requirements or delay or otherwise adversely affect any sale of Securities, ING Bank shall procure (bij wijze van resultaatsverbintenis) that any such prohibition, restriction, consent requirement, delay or other effect is fully complied with or removed prior to the date of such intended sale, so that each divestment as contemplated by this Clause 3.3 can be realised on the date contemplated by the State without being in any respect affected by such prohibition, restriction, consent requirement, delay or other effect. For the avoidance of doubt, any failure to so procure the removal of such prohibition, restriction, consent requirement, delay or other effect shall constitute an Event of Default regardless whether or not such failure is caused by or attributable to ING Bank or ING Groep.

(c)	ING Bank shall ensure that as long as no Divestment has been made with respect to the Securities (or any set of them), the Corresponding US Co Securities (or any set of them) will not be sold to a Third Party without the prior written consent of the State.

3.4

No ownership by the State

The State will not have any proprietary interest in the Securities as a consequence of entering into this Agreement.

3.5

Servicing/management of Securities

(a)	Each ING Party will as against the State remain responsible and liable for management/servicing of the Securities.

(b)	Where in this Agreement the Servicer is considered to undertake any obligation, it is considered to mean that each ING Party will cause the Servicer to perform such obligation.

(c)

The State acting reasonably is entitled to give instructions to each ING Party in respect of the Securities as to the exercise of rights and the performance of obligations under the Securities in case where the State in its discretion believes this is necessary to safeguard its interests under this Agreement.

(d)	Servicing of any Security may only be delegated to third parties (including any affiliates of an ING Party) with prior written consent of the State; provided that the State hereby consents to the appointment of the Servicer to service the Securities.

3.6

Restrictive covenants in respect of the Securities

(a)	The ING Parties shall not and shall ensure that the Servicer shall not without the prior written consent of the State do any of the following in respect of the Securities:

(i)

exercise or refrain from exercising any of its rights, powers and/or discretions arising under or in connection with any of the Securities where such exercise or non exercise will or may adversely affect the interests of the State in respect thereof;

(ii)

consent to any amendment of the terms and conditions of any Asset Documentation;

(iii)

grant security rights over (its interest in) Securities other than to the State;

(iv)

enter into any repurchase or securities lending transaction or facility or similar transaction or facility with any third party (belenen) in respect of any one or more of the Securities;

(v)

take any action not falling under (i) above, in respect of any one or more of the Securities which will or may adversely affect the interests of the State under this Agreement.

The State may impose any such conditions on its consent to any of the actions set out in Subclauses (i) through (v) above as it deems appropriate, in its sole and absolute discretion, including (without limitation) the requirement for an entitlement to a share of the upside received by ING Bank as a consequence of collateralising the Securities for ECB/Fed liquidity purposes.

(b)

Each ING Party shall take and shall cause the Servicer to take such action in respect of the exercise of rights and the performance of obligations, if any, with respect to any one or more of the Securities as the State may direct, acting in a commercially reasonable manner and as the State determines is necessary (in its sole and absolute discretion) to protect its interests pursuant to this Agreement.

4.	PAYMENTS BY THE STATE

4.1

Payment of Aggregate Guaranteed Value

(a)	The State will pay to ING Bank the Aggregate Guaranteed Value.

(b)	The Aggregate Guaranteed Value shall be paid on each State Payment Date in State Instalment Amounts subject to any prepayments made pursuant to Clause 4.2.

(c)

The State will inform ING Bank on each State Instalment Announcement Date of the portion of the State Instalment Amount to be applied to the Fixed Rate Securities Guaranteed Value and to the Floating Rate Securities Guaranteed Value. On the first Business Day following each State Payment Date, the State shall confirm the amounts of the Aggregate Guaranteed Value, the Fixed Rate Securities Guaranteed Value and the Floating Rate Guaranteed Value as calculated at the opening of business on that day.

(d)

The State Instalment Amount on any State Payment Date will be an amount such that the remaining unpaid balance of the Relevant Guaranteed Value is (i) not more than the Maximum Remaining Fixed Rate Guaranteed Value or Maximum Remaining Floating Rate Guaranteed Value for that State Payment Date, and (ii) not less than the Minimum Remaining Fixed Rate Guaranteed Value or Minimum Remaining Floating Rate Guaranteed Value for that State Payment Date, as the case may be.

(e)

Schedule 3 and Schedule 4 reflect the Minimum Remaining Floating Rate Guaranteed Value, Maximum Remaining Floating Rate Guaranteed Value, Minimum Remaining Fixed Rate Guaranteed Value and Maximum Remaining Fixed Rate Guaranteed Value as at the State Payment Date immediately preceding the date of this Agreement. The State is fully discharged from its payment obligations in respect of the Aggregate Guaranteed Value paid by the State up to the date of this Agreement, except that the State may be obliged to make additional payments resulting from corrections made or to be made to the payments made by the State, or to the calculations on which such payments are based.

4.2

Prepayment and Break Costs

(a)

The State may, by giving of one (1) Business Day’s notice, at its sole and absolute discretion on any Business Day (such day a Prepayment Date) make any payment to reduce the balance of the Aggregate Guaranteed Value not being a payment under Clause 4.1 (the amount of any such payment a Prepayment Amount); provided that Break Costs shall be payable by the State on such Prepayment Date in relation to that Prepayment Amount and provided further that:

(i)

the State has informed ING Bank at least one (1) Business Day prior to the Prepayment Date of the allocation between the Fixed Rate Securities Guaranteed Value and the Floating Rate Securities Guaranteed Value; and

(ii)

any payment of a Prepayment Amount must be made with the corresponding portion of the accrued Funding Fees and Management Fees on the amount prepaid from and including the immediately preceding State Payment Date until but excluding the relevant Prepayment Date. On the first Business Day following each Prepayment Date, the State shall confirm the amounts of the Aggregate Guaranteed Value, the Fixed Rate Securities Guaranteed Value and the Floating Rate Guaranteed Value as calculated at the opening of business on that day

(b)

All Prepayment Amounts and the relevant Prepayment Day will be recorded by the Parties on a prepayment ledger (the Prepayment Ledger). The Prepayment Ledger will be made to reflect the necessary adjustments to the State Instalment Amounts and any fees payable hereunder by the State after the relevant Prepayment Date (so as to avoid double-counting).

(c)

Each calculation of Break Costs (the Calculation) will be initially made by ING Bank and put forward to the State. Where the State disputes the Calculation, which dispute cannot be resolved within twenty-four (24) hours, then the parties shall forthwith jointly appoint an independent third party investment bank (the Calculation Agent) that will perform the relevant Calculation. The determination of the Calculation Agent shall be final and binding absent manifest error. The Parties shall give all reasonable cooperation to the Calculation Agent in order to permit the Calculation Agent to perform its task diligently and expediently. The reasonable fees and other costs of the Calculation Agent shall be borne by ING Bank.

(d)	For the avoidance of doubt and notwithstanding any other provision in this Agreement, no Break Costs shall be payable in case of a mutually agreed, voluntary termination of this Agreement.

4.3

Funding Fee

(a)

On each State Payment Date, the State will pay to ING Bank a Funding Fee in arrears which is due on the Closing Date, but payable (opeisbaar) in monthly instalments on each State Payment Date, provided that the State has received all payments due to it under Clauses 5 and 15.1 (which includes, for the avoidance of doubt, payments due to the State on that same State Payment Date).

(b)	Each Funding Fee is calculated in respect of a monthly period (a State Funding Fee Calculation Period) which commences on and includes the 25th calendar day of the month which falls

two months prior to the relevant State Payment Date (or if the 25th calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the Business Day immediately preceding such 25th calendar day) (the Calculation Day) to but excluding the 25th calendar day of the month immediately prior to the relevant State Payment Date (or if the 25th calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the Business Day immediately preceding such 25th calendar day).

(c)

The Funding Fee is equal to the sum of the following, whereby in each case the Effective Federal Funds Rate applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate published on the fifth Business Day prior to such State Payment Date:

(i)

in respect of the Fixed Rate Securities Guaranteed Value,

(A)

in case of the first State Payment Date the sum of:

left blank intentionally

and

(B)

for each subsequent State Payment Date the sum of:

an amount equal to three per cent. (3%) plus an additional margin of fifty basis points (0,5%) of the sum of

(x)

the Fixed Rate Securities Guaranteed Value as at the first day of the State Funding Fee Calculation Period ending immediately prior to such State Payment Date; plus

(y)

the aggregate Principal Amount Outstanding of the IABF Fixed Rate Bonds as at the first day of the State Funding Fee Calculation Period ending immediately prior to such State Payment Date;

calculated over the relevant State Funding Fee Calculation Period ending immediately prior to such State Payment Date, on the basis of the Day Count Fraction; plus

II.

interest over the amount calculated under (I) above at the Effective Federal Funds Rate (for the avoidance of doubt, applying compound interest (dagelijkse oprenting)) from and including the last day of the relevant State Funding Fee Calculation Period to but excluding such State Payment Date,

minus

III.

an amount equal to the interest due and payable on the IABF Fixed Rate Bonds on such State Payment Date;

and

(ii)

in respect of the Floating Rate Securities Guaranteed Value:

(A)

in the case of the first State Payment Date, the sum of

left blank intentionally

(B)

in the case of any subsequent State Payment Date, the sum of:

a rate equal to USD-LIBOR-BBA plus an additional margin of fifty basis points (0,5%) of

(x)

the Floating Rate Securities Guaranteed Value as at the first day of the State Funding Fee Calculation Period ending immediately prior to such State Payment Date; plus

(y)

the aggregate Principal Amount Outstanding of the IABF Floating Rate Bonds as at the first day of the State Funding Fee Calculation Period ending immediately prior to such State Payment Date;

calculated over the relevant State Funding Fee Calculation Period ending immediately prior to such State Payment Date, on the basis of the Day Count Fraction; plus

II.

minus

III.

an amount equal to the interest due and payable on the IABF Floating Rate Bonds on such State Payment Date;

where in case of each 4.3(c)(ii)(A) and (B) the applicable USD-LIBOR-BBA in respect of a State Funding Fee Calculation Period is set two Business Days prior to the first day of the relevant State Funding Fee Calculation Period.

(d)

In view of the intention expressed in Clause 4.7(d), should in respect of the Fixed Rate Securities Guaranteed Value or the Floating Rate Guaranteed Value the sum calculated under Clause 4.3(c)(i) or Clause 4.3(c)(ii) result in a negative number, the State Instalment Amount will be automatically reduced by way of set-off with an amount equal to the difference between such negative amount and zero.

4.4

Management Fee

(a)	The State shall pay a management fee (the Management Fee) with, according to calculations of ING Bank, a net present value of USD 444,000,000 at the Cut-off Date (discounted at three per cent. (3%) per annum).

(b)

The Management Fee is due in full on the Closing Date and will be paid to ING Bank. The Management Fee will be payable (opeisbaar) in instalments annually on the State Payment Date immediately following the 26th of January of each calendar year, except that the first instalment will be payable on the State Payment Date falling in April 2009, each time in an amount calculated in accordance with the following formula

0.25% x (the Current Par Value of the Securities as per the 26th of January immediately preceding such State Payment Date).

(c)	The instalments will be increased with a gross up amount representing the Effective Federal Funds Rate (for the avoidance of doubt, applying compound interest (dagelijkse oprenting)) over such

amount calculated over the period from and including 25th January to but excluding the relevant State Payment Date, provided that the Effective Federal Funds Rate applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State Payment Date.

(d)

For the avoidance of doubt, no Management Fee shall be due or become payable (i) in respect of any period after the date upon which the Fair Market Value becomes due and payable in accordance with the provisions of this Agreement, (ii) in respect of any period during which Guarantee Fees shall not be due and payable, and (iii) after the Final ING Payment Date.

4.5

Representation in respect of payment obligations

The State hereby represents to ING Bank as per the Closing Date that its payment obligations under this Agreement are direct, valid and enforceable obligations of the State, not subject to further action by the Dutch parliament.

4.6

IABF Bonds

(a)

Upon the satisfaction of the conditions precedent set out in 4.6(b) on or about the Completion Date, the State has issued to ING Bank or, subject to the prior written consent of the State, any other wholly owned affiliate of ING Bank, the Original IABF Fixed Rate Bonds and the Original IABF Floating Rate Bonds on 21 February 2012.

(b)	The issue of the Original IABF Fixed Rate Bonds and the Original IABF Floating Rate Bonds were subject to the conditions precedent that:

(i)

the Financial Guarantee had become effective; and

(ii)

the State having received satisfactory evidence that the transfer of legal title of the shares in the capital of ING Bank, fsb to Capital One Financial Corporation or a wholly owned subsidiary thereof had been completed.

(c)

The State shall issue on or as soon as practically possible, but in any case ultimately one Business Day, after the Universal Completion Date and after the Guarantee Agreement (for the avoidance of doubt, including the amendment on or about the Universal Completion Date) has become effective, to ING Bank or, subject to the prior written consent of the State, any other wholly owned affiliate of ING Bank, further series of bonds denominated in U.S. dollars, which will be fungible with the series of the Original IABF Fixed Rate Bonds (the Further Issue IABF Fixed Rate Bonds) and the Original IABF Floating Rate Bonds (the Further Issue IABF Floating Rate Bonds) (the Further Issue IABF Fixed Rate Bonds and the Further Issue IABF Floating Rate Bonds, the Further Issue Registered Bonds and each a Series of Further Issue Registered Bonds) with such maturity dates and principal amounts as set out in Part 1 and Part 2 of Schedule 6. The terms and conditions of the relevant Series of Further Issue Registered Bonds will be, upon issue, identical to the Registered Bonds of the same Series in all respects and are expressed to be consolidated and form a single Series of Registered Bonds, from the date of issue, except for the date on which such Series of Further Issue Registered Bonds are issued, interest commencement dates and/or issue prices, which will be separately disclosed prior to the issue of such Series of Further Issue Registered Bonds. When the Further Issue Registered Bonds are issued, any reference to the Registered Bonds in this Agreement will include a reference to the Further Issue Registered Bonds, unless the context requires otherwise.

(d)	The terms and conditions, form and denomination of each Registered Bond are or will be substantially in the form as set out in Schedule 5 to this Agreement.

(e)	The Registered Bonds will initially be evidenced by one or more Global Registered Bond Certificates, in the form set out in Schedule 2 to the Amended and Restated Agency Agreement, exchangeable for Definitive Registered Bond Certificates as set out in the terms and conditions.

(f)

ING Bank agrees with the State that it will not transfer any Registered Bond without prior written consent of the State other than under a Financing Arrangement (as defined below). The State hereby consents to transfers (in whole or in part) of the Registered Bonds to ING Bank or ING Groep or any other wholly owned affiliates of ING Bank. Furthermore, the State hereby consents to ING Bank or such ING entities entering into securities lending and/or repurchase (repo) arrangements (hereinafter Financing Arrangements) in respect of such Registered Bonds, (including any transfer thereof fur such purposes), with professional market parties or, after the prior written approval of the State, any other financing arrangements using the Registered Bonds as collateral.

(g)	The State shall not incur any liability towards any ING Party in case of a delay in the issue of the Registered Bonds (in whole or in part) for whatever reason other than gross negligence, fraud and wilful misconduct on the part of the State.

(h)

No ING Party shall undertake any action or omit to take any action in relation to any transaction involving the Registered Bonds (other than the initial issue thereof by the State to ING Bank) that will or may result in a violation by the State of any United States Federal or State securities laws or any other securities laws in any relevant jurisdiction.

4.7

Amendment of IABF Receivables

(a)

For the avoidance of doubt, pursuant to the definition of Fixed Rate Securities Guaranteed Value (and as consideration for the issue of the IABF Fixed Rate Bonds by the State to ING Bank), the Fixed Rate Securities Guaranteed Value shall be decreased by the sum of the Principal Amounts Outstanding at the issue dates of the IABF Fixed Rate Bonds as set out in such definition; and

(b)

For the avoidance of doubt, pursuant to the definition of the Floating Rate Securities Guaranteed Value (and as consideration for the issue of the IABF Floating Rate Bonds by the State to ING Bank) the Floating Rate Securities Guaranteed Value shall be decreased by the sum of the Principal Amounts Outstanding at the issue dates of the IABF Floating Rate Bonds, as set out in such definition; and

(c)	ING Bank will, at the request of the State, provide copies of any Financing Arrangements entered into by it or its affiliate in respect of the Registered Bonds, to the State or the auditor appointed by the State.

(d)

For the avoidance of doubt, and to ensure that there shall be no double-counting, the Parties agree that the amendment of the payment obligations of the State under this Agreement shall in no event result in indebtedness of the State towards any ING Party hereunder that exceeds, nor an in indebtedness of the State towards any ING Party hereunder that is lower than the indebtedness of the State towards the ING Parties hereunder if such amendment had not been made.

4.8

Redemption of Registered Bonds

(a)	Upon redemption of maturing Registered Bonds:

(i)

pursuant to the definition of Floating Rate Securities Guaranteed Value or Fixed Rate Securities Guaranteed Value, respectively the Floating Rate Securities Guaranteed Value (in case of maturing IABF Floating Rate Bonds) or the Fixed Rate Securities Guaranteed Value (in case of maturing IABF Fixed Rate Bonds), as applicable, shall increase with an amount equal to the relevant Principal Amounts Outstanding of the maturing Registered Bonds, as set out in such definitions; and

(ii)

pursuant to the definitions of Minimum Remaining Fixed Rate Guaranteed Value, Maximum Remaining Fixed Rate Guaranteed Value, Minimum Remaining Floating Rate Guaranteed Value and/or Maximum Remaining Floating Rate Guaranteed Value, as applicable, these values shall increase with an amount equal to the Principal Amounts Outstanding of the maturing Registered Bonds as set out in such definitions.

(b)

In case ING Bank does not or only pay part of the amount under Clause 5.1(d) when due, the parties agree for the avoidance of doubt, that pursuant to the definitions of Floating Rate Securities Guaranteed Value (in case of maturing IABF Floating Rate Bonds) or Fixed Rate Securities Guaranteed Value (in case of maturing IABF Fixed Rate Bonds) as well as Minimum Remaining Fixed Rate Guaranteed Value, Minimum Remaining Floating Rate Guaranteed Value, Maximum Remaining Fixed Rate Guaranteed Value and/or Maximum Remaining Floating Rate Guaranteed Value, these values, as applicable, shall upon redemption by the State of the relevant maturing Registered Bonds, be reduced with an amount equal to the unpaid amount. The State shall not owe any Break Costs as a result of such reduction.

4.9

Calculation of Funding Fee

Each calculation of the amount of the Funding Fee (the Funding Fee Calculation) will be initially made by the State and put forward to ING Bank on the relevant State Instalment Announcement Date. Where ING Bank disputes the Funding Fee Calculation, which dispute cannot be resolved within twenty-four (24) hours, then the Parties shall forthwith jointly appoint an independent third party investment bank (the Funding Fee Calculation Agent) that will perform the relevant Funding Fee Calculation. The determination of the Funding Fee Calculation Agent shall be final and binding absent manifest error. The Parties shall give all reasonable cooperation to the Funding Fee Calculation Agent in order to permit the Funding Fee Calculation Agent to perform its task diligently and expediently. The reasonable fees and other costs of the Funding Fee Calculation Agent shall be borne by ING Bank.

5.	PAYMENTS BY ING BANK

5.1

Payment of State Entitlement

(a)	On each ING Payment Date, no later than noon, ING Bank will pay to the State an amount equal to:

(i)

the aggregate State Entitlement for each day during the ING Calculation Period ending immediately prior to such ING Payment Date; and

(ii)

the aggregate of the Interest Amounts accrued each day on the amounts referred to in Subclause (i) above (for the avoidance of doubt, applying compound interest (dagelijkse oprenting)) to but excluding the ING Payment Date, provided that the Effective Federal Funds Rate (as used in the calculation of the Interest Amount for any given date) applicable to the period starting five Business Days prior to the relevant ING Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such ING Payment Date.

(b)

Notwithstanding anything in this Agreement to the contrary, any interest accrued on any Security up to but excluding the Cut-off Date, regardless of when such interest is paid by the Obligor, will not be required to be paid to the State and any principal payable on any Security through and including the Cut-off Date will not be required to be paid to the State.

(c)

If all or any portion of a payments and distributions under any Security received by ING Bank and paid to the State pursuant to this Clause 5.1 is legally required to be returned or disgorged by ING Bank (other than in circumstances where such obligation to return or disgorge is attributable to any failure to act, breach of contract or negligence on the part of any ING Party, or any affiliate of any

ING Party), then ING Bank shall promptly comply with such obligation and the State shall, subject to receipt of satisfactory evidence to that effect, promptly return such payment or distribution (or portion thereof) to ING Bank together with related interest and charges that ING Bank is required to pay in respect of the relevant Security, provided that no related interest or charges shall be payable by the State if and to the extent that payment thereof is attributable to any failure to act, breach of contract or negligence on the part of any ING Party or any affiliate of any ING Party.

(d)

On the Business Day prior to each State Payment Date, ING Bank will no later than 14.00 NY time pay into such bank account as indicated by the State, an amount equal to the Principal Amounts Outstanding of the Registered Bonds maturing on such State Payment Date. Any overnight interest actually received by the State from the bank concerned on the amount of such payment over the period from payment hereof up to the relevant State Payment Date by the State will be passed on by the State to ING Bank upon receipt.

5.2

Guarantee Fees

(a)	ING Bank will pay to the State a guarantee fee (the Guarantee Fee) with, according to calculations of ING Bank, a net present value of USD 977,000,000 at the Cut-off Date (discounted at three per cent. (3%) per annum).

(b)

The Guarantee Fee is due on the Closing Date, but payable (opeisbaar) annually in instalments until the earlier of 26 January 2048 or the Final ING Payment Date on the first State Payment Date immediately following the 26th of January, except that the first instalment will be payable on the State Payment Date falling in April 2009, each such instalment calculated in accordance with the following formula:

0.55% x (the Current Par Value of the Securities as per the 26th of January immediately preceding such State Payment Date).

(c)

The instalments will be increased with a gross up amount representing the Effective Federal Funds Rate (for the avoidance of doubt, applying compound interest (dagelijkse oprenting)) over such amount calculated over the period from and including 25th January to but excluding the relevant ING Payment Date, provided that the Effective Federal Funds Rate applicable to the period starting five Business Days prior to the relevant ING Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such ING Payment Date.

(d)

For the avoidance of doubt, the Guarantee Fees shall not be due and payable (1) in respect of the period after the date upon which the Fair Market Value has been paid by ING Bank to the State in accordance with the provisions of this Agreement, (2) in respect of any period during which Management Fees shall not be due and payable, and (3) after the Final ING Payment Date.

(e)

If the Final ING Payment Date falls after 25 January 2048, the excess if any of (i) USD 977,000,000 (being the net present value of the Guarantee Fee as determined by ING Bank) and (ii) the net present value of all instalments in respect of the Guarantee Fee actually paid under this Clause 5.2 (discounted back to the Cut-off Date at three per cent. (3%) per annum), is due and payable.

5.3

Additional Annual Payment Obligations of ING Groep

ING Groep shall pay to the State an additional guarantee fee payable annually on the first State Payment Date immediately following the 26th of January in each year until the earlier of 26 January 2048 or the latest Final ING Payment Date, equal to an amount calculated in accordance with the following formula:

0.826% x (the Current Par Value of the Securities as per the 26th of January immediately preceding such State Payment Date))

in each case increased with a gross up amount representing the Effective Federal Funds Rate (for the avoidance of doubt applying compound interest (dagelijkse oprenting)) over such amount calculated over the period from and including 25th January to but excluding the relevant State Payment Date, provided that the Effective Federal Funds Rate applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State Payment Date.

5.4

Additional Adjustment Figure

The additional 0,826% fee set out in Clause 5.3 above, which represents an additional guarantee fee, includes a 15.6 basis points adjustment (the Additional Adjustment Figure) on the Guarantee Fee relating to the period between 26 January 2009 and 26 January 2010, representing a net present value of USD 250,000,000 as per 26 January 2010.

In the event that this Agreement is prematurely terminated partially or in whole, ING Groep shall pay to the State on the third Business Day after such premature termination an amount equal to the difference between the amount of USD 250,000,000 and the sum of all amounts paid by ING Groep to the State in respect of the Additional Adjustment Figure, each of which shall have been discounted back to 26 January 2010 using the Daily Treasury Yield Curve as published by the United States Treasury Department, applicable to 26 January 2010.

5.5

Additional Monthly Payment Obligations of ING Groep

ING Groep shall pay to the State on each State Payment Date:

(i)

in respect of the Fixed Rate Securities Guaranteed Value the sum of:

(A)

an additional margin of fifty basis points (0,5%) of the sum of

the Fixed Rate Securities Guaranteed Value as at the first day of the State Funding Fee Calculation Period ending immediately prior to such State Payment Date; plus

II.

the aggregate Principal Amount Outstanding of the IABF Fixed Rate Bonds as at the first day of the State Funding Fee Calculation Period ending immediately prior to such State Payment Date;

calculated over the relevant State Funding Fee Calculation Period ending immediately prior to such State Payment Date, on the basis of the Day Count Fraction; plus

(B)

interest over the amount calculated under (ii)(A) above at the Effective Federal Funds Rate (for the avoidance of doubt, applying compound interest (dagelijkse oprenting)) from and including the last day of the relevant State Funding Fee Calculation Period to but excluding such State Payment Date, provided that the Effective Federal Funds Rate (as used in the calculation of the Interest Amount for any given date) applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State Payment Date;

and

(ii)

in respect of the Floating Rate Securities Guaranteed Value the sum of:

(A)

an additional margin of fifty basis points (0,5%) of

the Floating Rate Securities Guaranteed Value as at the first day of the State Funding Fee Calculation Period ending immediately prior to such State Payment Date; plus

II.

the aggregate Principal Amount Outstanding of the IABF Floating Rate Bonds as at the first day of the State Funding Fee Calculation Period ending immediately prior to such State Payment Date;

calculated over the relevant State Funding Fee Calculation Period ending immediately prior to such State Payment Date, on the basis of the Day Count Fraction; plus

(B)

interest over the amount calculated under (A) above at the Effective Federal Funds Rate (for the avoidance of doubt, applying compound interest (dagelijkse oprenting)) from and including the last day of the relevant State Funding Fee Calculation Period to but excluding such State Payment Date, provided that the Effective Federal Funds Rate (as used in the calculation of the Interest Amount for any given date) applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State Payment Date.

5.6

Joint liability of ING Bank

ING Bank is jointly and severally liable (hoofdelijk aansprakelijk) for the performance of the obligations of ING Groep under or in connection with Clause 5.3 to Clause 5.6 of this Agreement.

5.7

Joint liability of ING Groep

(a)	ING Groep is jointly and severally liable (hoofdelijk aansprakelijk) for the performance of the obligations of ING Bank to the State under or in connection with this Agreement.

(b)

If ING Groep makes any payment to the State pursuant to its joint and several liability hereunder, and as a result of or in connection with such payment ING Groep has a recourse claim against ING Bank (a recourse claim), the Parties hereto irrevocably agree that (i) such recourse claim will be subordinated in all respects to any claims that the State has or may in the future obtain against ING Bank under or in connection with the Transaction Documents (a senior State claim), (ii) such recourse claim will not be instituted against ING Bank unless and until any senior State claims have been discharged in full to the satisfaction of the State, and (iii) such recourse claim will not be submitted in any insolvency of ING Bank in competition with or otherwise in a manner detrimental to any senior State claim, provided however that such claim may be submitted to the insolvency trustee, subject to compliance with any instructions by the State in respect thereof, if the foregoing conditions are satisfied.

5.8

Recoveries in the form of settlement or litigation proceeds

ING Bank undertakes to pay to the State any amounts received by it, a US Company or an affiliate of ING Bank as recoveries, including but not limited to recoveries from settlements or litigations, in respect of the Securities. ING Bank also undertakes to pay to the State any amounts received by it, a US Company or an affiliate of ING Bank as recoveries, including but not limited to recoveries from settlements or litigations, in respect of or any “Security” as defined in the Facility Agreements that is not a Security, provided that the amount to be paid by the State will be limited to the amount to which the State would have been entitled under the Facility Agreements. Such payments shall be made on the date of receipt of such amounts or such other date as agreed between the Parties.

6.	SECURITY

ING Bank has agreed and is pursuant to the Security Documents obliged, to grant first ranking security to the State over ING Bank’s rights in respect of the Securities. Upon request of the State based on reasonable doubt as to the validity and enforceability of the existing security over the Pledged Assets of ING Bank and after having given ING Bank the opportunity to cure defects in respect of, or perfect or create such security over the Pledged Assets), ING Bank and/or ING Groep will provide – or cause any affiliate to provide – such alternative first ranking security over such assets as the State may request to secure their respective (net) payment obligations towards the State under the Transaction Documents.

7.	REPORTING AND INFORMATION

7.1

Reporting requirements

ING Bank will provide the State with regular reports in such format, containing such data (for the avoidance of doubt, such data includes, but is not limited to, the information and data relating to and supporting the calculation of the Current Par Value per Security as of the 26th of January of each calendar year or as often as the State may reasonably request) and with such frequency as will correspond to ING’s current own internal reporting systems, provided however that ING’s reporting systems will for the purposes of this Clause be adjusted to accommodate the State’s requirements from time to time. In addition, ING Bank will provide the State with monthly reports in such format, containing such data as the State may reasonably request showing the Security Losses as defined in the Guarantee Agreement.

7.2

Investor Reports etc

(a)

ING Bank shall furnish to the State copies of all investor reports received after the Cut-off Date from or on behalf of the Obligors in respect of the Securities, as well as copies of written notifications made by or on behalf of such Obligors in respect of the Securities, it being understood and agreed that to the extent any such report is posted on a publicly accessible website, ING Banks may provide the State with a link to that website in lieu of a copy of such report.

(b)	ING Bank shall, ultimately one Business Day prior to the relevant State Instalment Date, report to the State the amount ING Bank will pay as referred to in Clause 5.1(a) and Clause 5.1(d).

7.3

Additional Information

Forthwith upon becoming aware thereof, an ING Party will inform the State of any information which will or may reasonably be expected to have a significant negative effect on the value of any one or more of the Securities or the interests of the State under this Agreement and which information is of such a nature that it would typically be sent to higher management within the ING Party. For the purposes of this Clause 7.3, the expression “higher management” means the level of any so-called Asset and Liability Committee or replacement or similar internal body at the relevant ING Party and any senior authority tasked with evaluating and/or taking decisions on such matters.

7.4

Auditor Access

Each ING Party will be obliged to grant access to auditors of the State to such books and records and procedures and to the premises where the servicing of the Securities take place as reasonably requested within three (3) Business Days of such request. The auditors of the State have the right to audit the control environment and control activities relating to the servicing of the Securities. This includes (without limitation) the right to interview management and staff and to examine records and systems.

7.5

Management Certificate and Control Environment

ING Bank will procure that the State will be provided annually with a management certificate, signed for approval by a member of the Board of Directors of ING Groep, in respect of the portfolio management, reporting and control in such form and substance as separately agreed between the Parties.

7.6

Assurance report from external auditor

ING Bank shall procure that an external auditor will annually and at the expense of ING Bank, prepare and deliver to the State an assurance report in respect of the information on the Securities and the portfolio provided to the State by ING Bank. Such assurance report shall be prepared on the basis of the format as has been agreed between the State and ING Bank for the calendar year 2009 including the materiality criteria as determined by the State, but subject to such amendments as to form, content and materiality criteria as the State may reasonably request from time to time. ING Bank shall procure that an external auditor delivers such assurance report in respect of the relevant calendar year to the State by no later than 22 February in the following year and the first such assurance report, in respect of the calendar year 2009, shall be delivered to the State by no later than 2 March 2010.

7.7

No administrative and operational changes following contract transfers by ING Support Holding

(a)

ING Bank will ensure that the contract transfers by ING Support Holding to ING Bank will have no adverse impact for the State in terms of operational processes without consent of the State. Any instructions or information required to be given by the State under this Agreement may be given to ING Bank.

(b)

The ING Parties have proposed to the State to agree to certain changes in relation to the administration and servicing of the Securities. These changes are set out in Schedule 7. The State has agreed to such changes being carried through, subject to certain conditions as set out in that Schedule 7. ING Bank covenants and agrees that such changes shall be carried out in accordance with such proposals (to the extent accepted by the State) and that such changes shall be implemented in accordance with such conditions, and ING Bank agrees to indemnify the State for any damages that the State may incur as a consequence of the implementation of such changes and any non compliance with such conditions. ING Bank agrees that external accountants Ernst & Young shall verify that controls and procedures that shall be in place upon such change in administrative and operational changes are at adequate levels reasonably acceptable to the State. Agreements to be entered into with third parties to effect such changes shall be consistent with the terms of this Agreement, including without limitation the relevant terms of Schedule 7, and with the terms of the Security Documents.

8.	PAYMENTS

8.1

Place

(a)	All payments made under this Agreement (for the avoidance of doubt, excluding those under the Registered Bonds) by the State, ING Bank or ING Group will be made directly from the relevant payor to the relevant payee.

Payments made by or on behalf of the State into the relevant account notified in writing by ING Bank and ING Groep, respectively, will be valid (bevrijdend) and the State will be fully discharged (gekweten) from the relevant payment obligation upon payment to ING Bank or ING Groep, as the case may be, into such account. Payments by or on behalf of an ING Party to the State will be valid (bevrijdend) and constitute full discharge (kwijting) from the relevant payment obligation only upon

actual receipt by the State into such account held in the name of the State as designated by the State (which account will at Closing be a US Dollar account with Citi in New York, NY, USA, account number: 00000000, account name: Dutch State Treasury Agency Mortgages). If the State so directs by not less than three (3) Business Days prior written notice to ING Bank, payments made by ING Groep or ING Bank or any other person other than the State owing to the State shall not be made into the account mentioned in above but shall be made directly into such account held in the name of the State as designated by the State.

(b)	Bank accounts may be changed by any Party in writing and with not less than five (5) Business Days’ prior notice.

8.2

Taxes

(a)

With respect to the payment of any funds or other property under this Agreement, (i) the Party required to deliver such payment may withhold therefrom any tax required by law to be withheld, and such withheld amount shall be treated as having been delivered by such Party in accordance with any requirements imposed under this Agreement, and (ii) the Party withholding such tax from such payment will deliver the withheld amount to the appropriate taxing authority in a timely and proper fashion.

(b)	The Party required to deliver such payment shall use its reasonable endeavours to avoid the imposition of a withholding tax on such payment or to reduce as much as possible the imposition of a withholding tax on such payment if and to the extent permitted by applicable law.

(c)

If a withholding of tax is made in respect of any payment and the Party receiving the payment takes the view that it is entitled to a full or partial refund of such tax withheld, then the Party making the payment shall be required to provide its full assistance to the other Party with respect to its claim for a refund of the tax withheld.

(d)	The Parties agree that all fees payable under this Agreement are exclusive of and exempt from VAT.

8.3

Interest on overdue amounts

(a)	If an ING Party fails to pay any amount payable by it under this Agreement, it must immediately on demand by the State pay interest on the overdue amount from its due date up to, but not including, the date of actual payment, both before, on and after judgment.

(b)

The interest margin on an overdue amount is payable in respect of each day on which an amount due and payable by ING Bank hereunder remains outstanding, and will be equal to one per cent. (1%) per annum above the Effective Federal Funds Rate on each day on which such amount remains outstanding. For this purpose:

(i)

each day on which such amount remains outstanding shall be a Reset Date; and

(ii)

interest (if unpaid) on an overdue amount will be compounded daily up to, but not including, the date of actual payment with that overdue amount and will remain immediately due and payable.

8.4

Funds

Payments under this Agreement must be made for value on the due date at such times and in such funds as is customary at the time for the settlement of transactions in that currency in the place for payment.

8.5

Currency

(a)	Amounts payable in respect of taxes, fees, costs and expenses are payable in the currency in which they are incurred.

(b)	Each other amount payable under the Transaction Documents is payable in USD.

8.6

Business Days

Unless this Agreement provides otherwise, if a payment under the Transaction Documents is due on a day which is not a Business Day, the due date for that payment will instead be the next Business Day in the same calendar month (if there is one) or the preceding Business Day (if there is not).

8.7

Timing of payments

If this Agreement does not provide for when a particular payment is due, that payment will be due within three (3) Business Days of demand by the payee.

9.	REPRESENTATIONS AND WARRANTIES

9.1

Representations and warranties

The representations and warranties set out in this Clause 9.1 are made by each ING Party to the State and, where the representation and/or warranty is expressed to apply to any other member of the Group, ING Bank must ensure that such member of the Group ensures that such representation and/or warranty is true accurate in all respect on each day on which such representation and warranty is deemed to be repeated by ING Bank.

Unless a representation and warranty is expressed to be given at a specific date, each representation and warranty is deemed to be repeated by the ING Parties on each day from and including the Closing Date to and including the day on which all payment obligations arising from this Agreement are paid in full.

9.2

Representations – General

(a)

Status

(i)

Each of the ING Parties is duly incorporated and validly existing under the laws of the Netherlands.

(ii)

Each ING Party has the power to carry on its business as it is being conducted.

(iii)

ING Bank has the power to own its assets and carry on its business as it is being conducted.

(b)

Power and authority

Each ING Party has the power to enter into and perform, and has taken all necessary action to authorise the entry into, execution and performance of, the Transaction Documents to which it is or will be a party and the transactions contemplated by those Transaction Documents.

(c)

Authorisations

All authorisations required by each ING Party in connection with the entry into, performance, validity and enforceability of, and the transactions contemplated by, the Transaction Documents have been obtained or effected (as appropriate) and are in full force and effect.

(d)

Due execution, legal validity

Each Transaction Document has been, or will be, duly executed, and to the extent applicable, delivered by each ING Party which is a party thereto, and constitutes a valid and binding agreement of such ING Party, enforceable against such ING Party in accordance with its terms, subject to bankruptcy, insolvency, rehabilitation, liquidation, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

(e)

Non-conflict

The execution, delivery and performance of the Transaction Documents to which it is a party does not, and the consummation of the transactions contemplated thereby will not, constitute or result in (i) a breach or violation of, or a default under, the governing documents of such ING Party or (ii) with or without notice, lapse of time or both, a breach or violation of, a termination (or right of termination) or default under, the creation or acceleration of any obligations under or the creation of an Encumbrance on any of the assets of such ING Party or another material member of the Group pursuant to any agreement, lease, license, contract, Bond, mortgage, indenture, arrangement or other obligation binding upon such ING Party or other member of the Group, except, in the case of Subclause (ii) above, for any such breach, violation, termination, default, creation or acceleration that would not have a Material Adverse Effect.

(f)

No Violation

The execution and, to the extent applicable, delivery of the Transaction Documents to which it is a party and the performance of the transactions contemplated thereby by each ING Party will not violate or result in a breach of or constitute a default under any law, statute, ordinance, rule, regulation, code, order, judgment, injunction or decree to which such party is subject, except for violations, breaches or defaults that, individually or in the aggregate that would not have a Material Adverse Effect.

(g)

No Default

No Event of Default under this Agreement has occurred and is continuing and, to the best of each ING Party’s knowledge, no status or condition exists which, with the giving of notice or the passage of time or both, would constitute an Event of Default under this Agreement.

(h)

Litigation

No litigation, arbitration or administrative proceedings against any member of the Group has been started or, to the best of its knowledge, threatened, which have or, if adversely determined, are reasonably likely to have a Material Adverse Effect.

(i)

No Filing or Stamp Duty

In order to ensure the legality, validity, enforceability or admissibility into evidence of the Transaction Documents (excluding the US Security Agreement and the 2012 Deed of Disclosed Pledge), such Transaction Documents (excluding the US Security Agreement and the 2012 Deed of Disclosed Pledge) do not need to be filed or recorded with any court or other authority in the Netherlands or the United States, nor does any stamp or similar tax need to be paid in the Netherlands or the United States on or in respect of the Transaction Documents.

(j)

Ranking of obligations

Each ING Party’s payment obligations under the Transaction Documents shall at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies or financial institutions generally.

(k)

Ranking of security

The security created pursuant to the US Security Agreement and/or the 2012 Deed of Disclosed Pledge creates a first ranking or first and sequentially lower ranking security right over the assets described therein in favour of the State.

(l)

Information Accurate

(i)

All information (other than the Description of Securities which is covered by Clause 9.3(e)) supplied by or on behalf of an ING Party to the State in connection with the Transaction Documents is true and accurate in all material respects as at its date or (if appropriate) as at the date (if any) at which it is stated to be given; and

(ii)

it has not omitted to supply any information which, if disclosed, might make the information supplied untrue or misleading in any material respect.

(m)

Securities

The Securities listed in Schedule 2 to this Agreement comprise 80% of the Securities referred to in Schedule 2 of the Facility Agreements with respect to the US Companies (other than ING Bank, fsb) and 100% of the Securities referred to in Schedule 2 of the Facility Agreement with respect to ING Bank, fsb, in each case immediately prior to the amendment effectuated on the Universal Completion Date and the Securities are and will remain to be recorded and administered in the Account as defined in the relevant Account Control Agreement subject to any divestment in accordance with this Agreement.

9.3

Representations and Warranties Securities

(a)

Ownership of the Securities

ING Bank Owns the Securities and has good and valid title to the Securities and each Security is capable of being sold and assigned without restrictions (other than pursuant to generally applicable laws on securities trading).

(b)

Absence of encumbrances

Other than a Permitted Encumbrance, the Securities are free and clear of any Encumbrances and attachments and no rights have been granted in favour of any third party with regard to the acquisition or Encumbrances in respect of the Securities.

(c)

Legal and valid obligations of Obligors

(i)

In the case of Securities that are debt securities, such Securities are legal, valid and binding obligations of the Obligors enforceable against the Obligors in accordance with their terms, and

(ii)

in the case of Securities that are not debt securities, such Securities have been validly issued and are entitled to the benefits of the trust agreement or other constituent documents under which such Securities have been issued,

subject in each case to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

(d)

No breach of obligations by Obligors

As of the Cut-off Date, (i) no Obligor has breached any obligation binding on it in accordance with the terms and conditions of any of the Securities and (ii) no event of default has occurred with respect to any of the Securities (as defined in the relevant terms and conditions of the Securities) except such defaults or breaches that are the result of circumstances or events that constitute a credit risk within the meaning of IFRS 7, appendix A. For the avoidance of doubt, this representation shall be given as of 31 March 2009 and shall not be deemed to be repeated at any other date.

(e)

Correctness of Description of Securities

The information set forth on the Description of Securities is true and correct in all material respects as of the Cut-off Date or such other date as may be indicated in such description and none of the Securities are defective so as to result in payments under the Securities not being made when due and payable as a result of circumstances or events that would not constitute a credit risk within the meaning of IFRS 7, Appendix A.

10.

COVENANTS

10.1

General

Each of ING Groep and ING Bank agrees to be bound by the covenants set out in this Clause relating to it and, where the covenant is expressed to apply to any other member of the Group, ING Groep and ING Bank must ensure that such entity performs that covenant.

10.2

Prudent investor

ING Bank will, other than when acting on instructions from the State pursuant to this Agreement or otherwise complying with obligations under this Agreement, exercise its respective rights and discretions under the Securities in the same manner as a prudent and diligent investor in the Securities acting for its own risk and account would do assuming no participation or guarantee or similar arrangement existed. Each ING Party shall ensure that ING Bank shall not take any action in relation to the Securities that is inconsistent with the provisions of this Clause 10.2.

10.3

Pari passu ranking

Each of ING Groep and ING Bank must ensure that its payment obligations under the Transaction Documents at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies or financial institutions generally.

10.4

Supporting Dutch lending business

ING Groep undertakes to support the growth of the Dutch lending to corporates and consumers (including mortgages) for an amount of EUR 25 billion, on market conforming terms.

10.5

Dutch Guarantee Scheme

ING Groep will (or will cause ING Bank to) pro-actively use EUR 10 billion of the Dutch Guarantee Scheme over 2009.

10.6

Maintaining PIN payment system

ING Groep covenants that the Group will maintain the Dutch payment system PIN on its payment debit cards as long as other market participants, representing a substantial market share in the Netherlands, are still making use of this payment system.

10.7

Notification of Default and breach of representations, warranties and covenants

Each ING Party must notify the State (with a copy to the other Parties) of (a) any Default and/or (b) any breach of any representation, warranty or covenant provided under this Agreement (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless such ING Party is aware that the State has already been informed).

10.8

State Aid Requirements

If and to the extent the State is subjected to requirements (collectively: State Aid Requirements) by the European Commission (or any agency thereof) or as otherwise legally required or by virtue of the application of any applicable statute implementing Article 87 of the 1957 Treaty of Rome to amend this Agreement or to take other action with respect to the transactions contemplated by this Agreement, the parties shall convene and negotiate in good faith whether and if so how the terms of this agreement can to the satisfaction of the Parties be amended to accommodate the State Aid Requirements, provided always that:

(a)

the State shall under no circumstances be required to accept amendments which in the opinion of the State result or may result in an increased economic or legal exposure of the State under the transactions concerned; and

(b)

compliance with State Aid Requirements shall be fully for the risk and account of the ING Parties and consequently the State shall not be responsible or liable for any costs, damages, claims or losses that any of the ING Parties may incur in connection with State Aid Requirements or amendments made or actions taken as a consequence thereof.

The State undertakes not to accept or propose State Aid Requirements without prior consultation with ING Groep. ING Groep is entitled, if so permitted by the EU Commission, to participate in discussions between the State (or State Agency) and the EU Commission concerning or relating to State Aid Requirements. To the extent ING Groep is not participating in such discussions, the State will keep ING Groep fully informed thereof.

11.

GOVERNANCE

11.1

Each of the ING Parties agrees that:

(a)

the governance and remuneration clauses as set out in schedule 3 to the Securities Agreement will apply equally for the duration of this Agreement, irrespective of the duration of the Securities Agreement (and such schedule is deemed to be repeated and incorporated by reference herein);

(b)

the executive board of ING Groep shall forego all bonuses and entitlements to bonuses (including to monetary payments, options shares and other equivalent remuneration) payable in and/or calculated with reference to performance in 2009 and for all subsequent years until such time as the supervisory board of ING Groep has adopted and approved a remuneration policy in accordance with the provisions of the Securities Agreement (the New Remuneration Policy);

(c)

ING Groep will continue pro-actively to cooperate to deliver positive communication on the foregoing of bonuses (both intra-Group and externally);

(d)

any New Remuneration Policy will include objectives relating to corporate and social responsibility; and

(e)

the appointment of any new chief executive officer of the executive board of ING Groep shall not be made without the prior written approval of the State nominee (acting in its sole and absolute discretion).

11.2

Without limitation of Clause 11.1 and for the avoidance of doubt, ING Groep confirms it will cooperate with the implementation of and comply with the arrangements laid down or arising from the agreement reached between the Dutch financial sector and the Minister of Finance dated 30 March 2009 as laid down in the document “verklaring van de financiële sector en de minister van Financiën”.

12.

DEFAULT

12.1

Events of Default

(a)	The occurrence of any of the events or circumstances set out in this Clause 12.1 and notification thereof to ING Bank whilst the same is outstanding (other than 12.1(b), which does not need to still be outstanding when the notification is given) to each ING Party constitutes an Event of Default.

(b)	Non-payment

ING Bank (or another party on its behalf) or ING Groep does not pay on the due date any amount payable by it under (i) this Agreement in the manner required under this Agreement or (ii) under the Guarantee Agreement, unless the non-payment:

(i)

is caused by technical or administrative error and is remedied within three (3) Business Days of the due date; or

(ii)

is caused by a Disruption Event and is remedied within three (3) Business Days after the Disruption Event has ended.

(c)	Breach of other obligations

An ING Party does not comply with any term of the Transaction Documents (other than any term referred to in Clause 12.1(b) (Non-payment)) unless the non-compliance:

(i)

is capable of remedy; and

(ii)

is remedied within ten (10) Business Days of the earlier of the State giving notice of the failure to comply to the relevant ING Party and such ING Party becoming aware of the non-compliance.

(d)	Misrepresentation

A representation or warranty under Clause 9 (Representations and Warranties) made or deemed to be repeated by an ING Party in any Transaction Document or in any document delivered by or on behalf of an ING Party under any Transaction Document is incorrect or misleading in any material respect when made or deemed to be repeated. Provided that in the event of a representation or warranty under Subclause 9.3 being incorrect or misleading this event will constitute an Event of Default only where the State determines, in its sole and absolute discretion, that this event relates to

a material number of Securities (and, for the avoidance of doubt, if this event does not relate to a material number of Securities as so determined by the State, the State may exercise its indemnity rights under Clause 17.1(c)).

(e)	Insolvency

Any of the following occurs in respect of an ING Party:

(i)

it is, or is deemed for the purposes of any applicable law to be, unable to pay its debts as they fall due or insolvent;

(ii)

it admits its inability to pay its debts as they fall due; or

(iii)

it suspends making payments on any of its debts or announces an intention to do so by reason of anticipated financial difficulties, except where such suspension is permitted by the instrument under which such debt is issued.

(f)	Insolvency proceedings

(i)

Except as provided below, any of the following occurs in respect of an ING Party:

(A)

any step is taken by its management board with a view to the suspension of payments, a moratorium or a composition, compromise, assignment or similar arrangement with any of its creditors;

(B)

a meeting of its shareholders, directors or other officers is convened for the purpose of considering any resolution for, to petition for or to file documents with a court or any registrar for, its winding-up, administration or dissolution or any such resolution is passed (provided that if a meeting of shareholders is convened by shareholders who represent no more than 0.1% of the outstanding voting shares of the entity concerned and whose motives are manifestly frivolous this will not constitute an Event of Default);

(C)

any person presents a petition, or files documents with a court or any registrar, for its winding-up, administration or dissolution;

(D)

any security interest is enforced (uitwinnen) over any of its material assets;

(E)

an order for its winding-up, administration, dissolution or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) is made;

(F)

any liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or similar officer is appointed in respect of it or any of its assets;

(G)

its shareholders, directors or other officers request the appointment of, or give notice of their intention to appoint, a liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or similar officer (provided that if such request is made by shareholders who represent no more than 0.1% of the outstanding voting shares of the entity concerned and whose motives are manifestly frivolous this will not constitute an Event of Default); or

(H)

any other analogous step or procedure is taken in any jurisdiction.

(ii)

Paragraph (i) above does not apply to:

(A)

any step or procedure which is part of a Permitted Transaction; or

(B)

any petition for bankruptcy, insolvency, or winding-up, administration or dissolution or other occurrence as described in paragraph (i)(B) above that (I) is being contested in good faith and with due diligence or (II) is discharged or struck out within thirty days.

(g)	Effectiveness of Transaction Documents

(i)

It is or becomes unlawful for an ING Party to perform any of its obligations under the Transaction Documents to which it is a party.

(ii)

Any Transaction Document (other than the 2012 Deed of Disclosed Pledge) is not effective in accordance with its terms or is alleged by an ING Party to be ineffective in accordance with its terms for any reason.

(iii)

An ING Party disaffirms, disclaims, repudiates, rejects or rescinds a Transaction Document or evidences an intention to disaffirm, disclaim, repudiate, reject or rescind repudiate a Transaction Document.

12.2

Collecting (innen) of Pledged Assets

The State will in its capacity as security holder, have the right in its discretion to notify Bank of New York Mellon and collect (innen) and recover (verhalen) amounts under the Securities from Bank of New York Mellon in accordance with the provisions of the US Security Agreement and the 2012 Deed of Disclosed Pledge.

12.3

Acceleration

If following the occurrence of an Event of Default and notification thereof to Bank of New York Mellon, (a) the State, for whatever reason other than as a consequence of (i) a cooling-off period (afkoelingsperiode) in respect of an ING Party, or (ii) Bank of New York Mellon’s or an ING Party’s non-payment of amounts as a result of any automatic stay or injunction or action prohibiting such payments as a result of its insolvency, bankruptcy, receivership, rehabilitation, liquidation or conservatorship, (provided that such stay, injunction or action is being contested in good faith) does not receive a State Entitlement timely and/or in full when due under this Agreement or (b) the State is requested by the liquidator of ING Bank to sell the Pledged Assets (an Acceleration Event), the State will have the right, by notice to ING Bank (with a copy to ING Groep), to demand payment of the Fair Market Value from ING Bank in accordance with Clause 12.4. For the avoidance of doubt an Acceleration Event is not triggered if ING Bank does not timely pay any Guarantee Fee (including interest thereon payable pursuant to Clause 8.3).

12.4

Determination and payment of the Fair Market Value

(a)

Upon the occurrence of an Acceleration Event (other than caused by a failure by ING Bank to timely pay any Guarantee Fee (including interest thereon payable pursuant to Clause 8.3) and the State exercising its right pursuant to Clause 12.3 above, the State will cause the Fair Market Value of the Securities to be determined in accordance with the following procedure:

(i)

within ten (10) Dutch Business Days (or as soon as reasonably practicable thereafter) the State, (A) at the costs of ING Bank, will appoint three Valuation Agents and shall instruct the same to determine the IFRS Fair Market Value of the Securities within twenty (20)

Dutch Business Days of such appointment or as soon as is reasonably practicable thereafter, and (B) shall designate two of the Valuation Agents as primary Valuation Agents;

(ii)

if (A) the difference between the valuations by the primary Valuation Agents of the Fair Market Value of the Securities is ten per cent. (10%) or less, (calculated as (the difference between the valuation of the primary Valuation Agents)/(average of such valuations)) the Fair Market Value of the Securities shall be the average of such two valuations, and the third expert valuation will be disregarded; if (B) such difference is greater than ten per cent. (10%) then the Fair Market Value of the Securities should be the average between the third expert valuation and the valuation of the Valuation Agent from the other two that is the closest to the third expert valuation (if the differential is identical, the Fair Market Value of the Securities will be the average of the three).

(b)	The State will forthwith inform the ING Parties in writing of the Fair Market Value.

(c)	The Fair Market Value will be due and payable five (5) Dutch Business Days from the date of the receipt of notification referred to in Clause 12.4(b). For the avoidance of doubt, the State has the right but not the obligation to pay a Prepayment Amount on such date without prior notification.

Until the Fair Market Value has become due and payable, ING Bank remains obliged to pay the State Entitlements in accordance with Clause 5 (Payments by ING Bank) and the Fair Market Value will be reduced with amounts received by the State as State Entitlements after the date as of which the Fair Market Value was determined.

(d)

The right of the State to receive payments from ING Bank, including the Fair Market Value shall not affect the payment obligations of the State pursuant to this Agreement and shall be without prejudice to any other action and remedies afforded to the State under Dutch statutory law and this Agreement as a result of any non-payment by ING Bank when due including the statutory right to suspend payments (opschortingsrecht) or its statutory right of set off (verrekening) in respect of its own payment obligations under this Agreement.

13.

CONDITIONS TO PAYMENT

13.1

The State’s obligation to pay any amounts due and payable under this Agreement (up to an aggregate amount equal to the Fair Market Value) at a time when the Fair Market Value has become due and payable shall be subject to the condition that payment has been made by or on behalf of ING Bank to the State of the Fair Market Value.

13.2

The State’s obligation to pay the Management Fee when due and payable under this Agreement (up to an amount equal to any due and payable but unpaid Guarantee Fees) shall be subject to the condition that payment has been made by or on behalf of ING Bank of the Guarantee Fee.

14.

SET-OFF AND SUSPENSION RIGHTS

14.1

The State agrees not to use its Dutch statutory set-off rights in respect of any claim on any ING Party which the State may have which does not derive from or in connection with this Agreement The State agrees not to use its Dutch statutory set-off rights in respect of any claim on any ING Party which the State may have which derives from or in connection with this Agreement, unless:

(a)

the Fair Market Value has become due and payable; or

(b)

the State does not receive any instalment of the Guarantee Fee when due and payable in which case the State shall exercise its right of set-off to the extent such Guarantee Fee instalment has not been received.

14.2

The State is only entitled to use its suspension rights against an ING Party if the State does not receive a State Entitlement timely and/or in full when due and payable to it under this Agreement as a consequence of (a) a cooling-off period (afkoelingsperiode) in respect of ING Bank, or ING Groep, as the case may be.

15.

FUNDING BENEFIT COMPENSATION

15.1

Undertaking to pay

(a)	In connection with the issue of the Registered Bonds, ING Groep shall pay to the State an amount equal to:

(i)

on the State Payment Date immediately after the State Funding Fee Calculation Period in which the date falls on which the Registered Bonds as referred to in Clause 4.6(a) have been issued to ING Bank or any of its wholly owned affiliates (the Payment Amendment Agreement Effective Date), the sum calculated in accordance with clause 2.3(a) of the (no longer applying) Payment Agreement;

(ii)

on any subsequent State Payment Date until but excluding the State Payment Date referred to in paragraph (iii) hereafter, the sum calculated in accordance with clause 2.3(b) of the (no longer applying) Payment Agreement;

(iii)

on the State Payment Date immediately after the State Funding Fee Calculation Period in which the date falls on which the Further Issue Registered Bonds have been issued to ING Bank or any of its wholly owned affiliates (the Amended Funding Benefit Effective Date) the sum of:


(A)	I.	25 basis points (0.25%) of the Floating Rate Securities Guaranteed Value (as defined in the (no longer applying) Payment Agreement) (for the determination of which it is assumed no Registered Notes have been issued), on the Calculation Day in respect of such State Payment Date, calculated over the period from and including the Calculation Day to but excluding the Amended Funding Benefit Effective Date, calculated on the basis of the Day Count Fraction; and

	lI.	25 basis points (0.25%) of the Floating Rate Securities Guaranteed Value (for the determination of which it is assumed no Registered Notes have been issued), on the Calculation Day in respect of such State Payment Date, calculated over the period from and including the Amended Funding Benefit Effective Date to but excluding the 25th calendar day of the month immediately prior to the relevant State Payment Date (or if the 25th calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day), calculated on the basis of the Day Count Fraction; and

(B)	I.	25 basis points (0.25%) of the Fixed Rate Securities Guaranteed Value (as defined in the (no longer applying) Payment Agreement) (for the determination of which it is assumed no Registered Notes have been issued), on the Calculation Day in respect of such State Payment Date, calculated over the period from and including the Calculation Day to but excluding the Amended Funding Benefit Effective Date, calculated on the basis of the Day Count Fraction; and


						II.		25 basis points (0.25%) of the Fixed Rate Securities Guaranteed Value (for the determination of which it is assumed no Registered Notes have been issued), on the Calculation Day in respect of such State Payment Date, calculated over the period from and including the Amended Funding Benefit Effective Date to but excluding the 25th calendar day of the month immediately prior to the relevant State Payment Date (or if the 25th calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day), calculated on the basis of the Day Count Fraction;

(iv)

and on any subsequent State Payment Date, the sum of:

(A)

25 basis points (0.25%) of the Floating Rate Securities Guaranteed Value (for the determination of which it is assumed no Registered Notes have been issued), on the Calculation Day, calculated over the State Funding Fee Calculation Period, calculated on the basis of the Day Count Fraction; and

(B)

25 basis points (0.25%) of the Fixed Rate Securities Guaranteed Value (for the determination of which it is assumed no Registered Notes have been issued), on the Calculation Day, calculated over the State Funding Fee Calculation Period, calculated on the basis of the Day Count Fraction;

in each of the four cases referred to in Clause 15.1(a)(i) through (iv) (inclusive) above, increased with a gross up amount representing the Effective Federal Funds Rate (for the avoidance of doubt applying compound interest (dagelijkse oprenting)) over the relevant amount calculated over the period from and including the 25th calendar day of the month immediately prior to the relevant State Payment Date (or if the 25th calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day) to but excluding the relevant State Payment Date, provided that the Effective Federal Funds Rate applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State Payment Date;

(b)

In connection with the issue of the Registered Bonds, ING Bank shall on the State Payment Date falling in February of each year starting in 2013 pay to the State the Excess Funding Benefit Amount (as defined below) in respect of the period from and including the 25th calendar day of January in the preceding year (or if the 25th calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day) to but excluding the 25th calendar day of January immediately prior to the relevant State Payment Date (or if the 25th calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day), increased with a gross up amount representing the Effective Federal Funds Rate (for the avoidance of doubt applying compound interest (dagelijkse oprenting)) over such amount calculated over the period from and including the 25th calendar day of January immediately prior to the relevant State Payment Date (or if the 25th calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day) to (but excluding) the relevant State Payment Date provided that the Effective Federal Funds Rate applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State Payment Date;

except that the first Excess Funding Benefit Amount payable on the State Payment Date falling in February 2013 shall be calculated over the period starting and including the Payment Amendment

Agreement Effective Date up to but excluding the 25 January 2013 (or if the 25 January 2013 day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day), increased with a gross up amount representing the Effective Federal Funds Rate (for the avoidance of doubt applying compound interest (dagelijkse oprenting)) over such amount calculated over the period from and including the 25 January 2013 (or if the 25 January is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day) to (but excluding) the State Payment Date falling in February 2013 provided that the Effective Federal Funds Rate applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State Payment Date.

Excess Funding Benefit Amount means the amount calculated on the basis of the procedure attached hereto as Schedule 8 (as amended from time to time).

(c)	ING Groep shall procure that each yearly assurance report of an external auditor referred to in Clause 7.6 will confirm the correctness of the calculation of the Excess Funding Benefit Amount paid on the State Payment Date falling in that year.

15.2

Calculation and payment

(a)

ING Groep shall calculate all amounts contemplated in Clause 15.1 above to be paid on each State Payment Date (the Additional Amounts Calculation) and notify the State of such amount at least five Business Days prior to the relevant State Payment Date. Where the State disputes the Additional Amounts Calculation, which dispute cannot be resolved within twenty-four (24) hours, then the parties shall forthwith jointly appoint an independent third party investment bank (the Additional Amounts Calculation Agent) to perform the relevant Additional Amounts Calculation. The determination of the Additional Amounts Calculation Agent shall be final and binding absent manifest error. The Parties shall give all reasonable cooperation to the Additional Amounts Calculation Agent in order to permit the Additional Amounts Calculation Agent to perform its task diligently and expediently. The reasonable fees and other costs of the Additional Amounts Calculation Agent shall be borne by ING Groep.

(b)

ING Groep shall pay all amounts due under Clause 15.1 as early as possible, but in any event no later than noon (New York City time), on the relevant State Payment Date, to such bank account as may be specified by the State from time to time for that purpose.

16.

EVIDENCE

16.1

Accounts

Accounts maintained by the State in connection with this Agreement are prima facie evidence of the matters to which they relate for the purpose of any litigation or arbitration proceedings.

16.2

Certificates and determinations

Any certification or determination by the State of a rate or amount under this Agreement will be, in the absence of manifest error, conclusive evidence of the matters to which it relates.

17.

INDEMNITIES

17.1

Each ING Party must fully indemnify the State and its officers, employees and agents against any claim, loss, liability, damage or cost which the State or any of its officers, employees and/or agents incurs as a consequence of:

(a)

the entering into by the State of any Transaction Document, and the exercise and performance by the State of its rights and obligations thereunder unless pursuant to the express provisions of any Transaction Document such amounts are stipulated to be borne by the State;

(b)

the occurrence of any Event of Default;

(c)

any breach of the representations and warranties under Clause 9.3 (Representations and Warranties Securities);

(d)

any failure by ING Bank to pay any amount due under this Agreement on its due date;

(e)

any violation by any ING Party of any laws or regulations applicable to it (other than the laws and regulations of the Netherlands) in the course of the implementation of this Agreement;

(f)

investigating any event which the State reasonably believes to be a Default;

(g)

acting or relying on any notice from any ING Party which the State reasonably believes to be genuine, correct and appropriately authorised; or

(h)

any State Aid Requirement;

provided that the State agrees that there shall be no indemnity for losses under this Clause 17 or under Clause 18 (Expenses) where another remedy against ING Bank is expressly provided under this Agreement.

17.2

ING Bank’s liability in each case includes any loss or expense on account of funds borrowed, contracted for or utilised by the State to fund any amount payable under this Agreement (for the avoidance of doubt other than amounts payable by the State pursuant to Clause 4 (Payments by the State)).

18.

EXPENSES

18.1

Initial costs

Within thirty (30) calendar days from the date of a demand to that effect (accompanied by documentation thereof) ING Bank must pay to the State the amount of all costs and expenses (including external advisors) incurred by it in connection with the negotiation, preparation, printing and execution of the Transaction Documents on or prior to the Closing Date.

18.2

Subsequent costs

(a)

the negotiation, preparation, printing and execution of any Transaction Document entered into after the Closing Date;

(b)

any amendment, waiver or consent requested by or on behalf of an ING Party or specifically allowed by a Transaction Document;

(c)

the costs of external advisors incurred by the State in connection with this Agreement;

(d)

the fees, costs and expenses incurred in connection with the Bonds (both the issue and ongoing fees, costs and expenses but for the avoidance of doubt other than the payment obligations under the Bonds themselves)

Each Party will notify the other Parties prior to retaining external advisors with respect to the transactions contemplated by the Transaction Documents and such advisors must be bound by appropriate confidentiality agreements.

18.3

Enforcement costs

Within thirty (30) calendar days from the date of a demand to that effect ING Bank must pay to the State the amount of all costs and expenses (including legal fees) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Transaction Document.

19.

AMENDMENTS AND WAIVERS

Any term of this Agreement may be amended or waived in writing with the agreement of all Parties hereto. ING Bank shall not effectuate or consent to any amendment of a Transaction Document without prior consent of the State, such consent not to be unreasonably withheld.

ING Bank shall in good faith consult with the State before agreeing to or proposing any material changes to the Servicing Agreement or Custody Agreement and shall take into account any objections of the State before agreeing to any such change.

20.

CHANGES TO THE PARTIES

20.1

Assignments, transfers and pledges by ING Bank

The rights against the State under this Agreement may not be assigned or transferred without the prior written consent of the State, provided that, for the avoidance of doubt, ING Bank or ING Groep or any other wholly owned affiliates of ING Bank may transfer the Registered Bonds in accordance with Clause 4.6(f) hereof.

20.2

Assignments and transfers by the State

The State may at any time assign or transfer any of its rights (in whole or in part), but not its obligations, under this Agreement to any other party with the consent of the ING Parties, such consent not to be unreasonably withheld.

21.

COUNTERPARTS

This Agreement may be executed in any number of counterparts. This has the same effect as if the signatures on the counterparts were on a single copy of this Agreement.

22.

NOTICES

22.1

In writing

Any communication in connection with this Agreement must be in writing and, unless otherwise stated, may be given in person, by post, by fax or by email or other electronic communication.

22.2

Contact details

(a)	The contact details of the ING Parties for this purpose are:

Xxxxxxxxxxxxxxx 000


Xxx. IH 04.356 1081 KL Amsterdam The Netherlands

Attention:		Jan-Xxxxxx Xxxx, General Counsel
Email:		xxx-xxxxxx.xxxx@xxx.xxx
Fax:		x00 (0)-00-000-0000

(b)	The contact details of the State for this purpose are:

Staat der Nederlanden

Ministerie van Financiën

X.X Xxx 00000

0000 XX Xxx Xxxxx

Xxx Xxxxxxxxxxx


Attention:		Head of the Participations Department of the Ministry of Finance
Telephone:		x00 00 000 0000
Fax:		x00 00 000 0000

and


Attention:		Head Public Debt Administration
Telephone:		x00 00 000 0000
Fax:		x00 00 000 0000

(c)	Each Party may change their contact details by giving five (5) Business Days’ notice to the other Parties.

22.3

Effectiveness

(a)	Except as provided below, any communication in connection with this Agreement will be deemed to be given as follows:

(i)

if delivered in person, at the time of delivery;

(ii)

if posted, five (5) Business Days after being deposited in the post, postage prepaid, in a correctly addressed envelope;

(iii)

if by fax, when received in legible form; and

(iv)

if by email or any other electronic communication, when received in legible form.

(b)	A communication given under paragraph (a) above but received on a non-working day or after business hours in the place of receipt will only be deemed to be given on the next working day in that place.

23.

LANGUAGE

23.1

Any notice given in connection with this Agreement must be in English.

23.2

Any other document provided in connection with this Agreement must be:

(a)

in English; or

(b)

(unless the State otherwise agrees) accompanied by a certified English translation. In this case, the English translation prevails unless the document is a statutory or other official document.

24.

WAIVER

(a)	Each Party (other than the State) irrevocably waives any right it may have at any time to suspend (opschorten) any obligation under this Agreement under sections 6:52, 6:262 and 6:263 of the Dutch Civil Code or any other applicable law; or

(b)	Each Party irrevocably waives any right it may have at any time to rescind this Agreement, in whole or in part, under section 6:265 of the Dutch Civil Code or any other applicable law.

25.

GOVERNING LAW

This Agreement and any non-contractual obligations arising out of or in connection with it are governed by Dutch law.

26.

ENFORCEMENT

26.1

Jurisdiction

(a)

The courts of Amsterdam, the Netherlands have exclusive jurisdiction to settle any dispute including a dispute relating to any non-contractual obligation arising out of or in connection with this Agreement. The ING Parties agree not to initiate any legal proceedings outside the Netherlands against the State arising out of or in connection with the Transaction Documents. The ING Parties agree that they shall not involve the State in any legal proceedings outside the Netherlands arising out of or in connection with the Transaction Documents, provided that (i) if legal proceedings are initiated outside of the Netherlands by the State itself against any ING Party such ING Party shall be entitled to act in respect of such proceedings, and (ii) if any ING Party and the State are involved in legal proceedings outside of the Netherlands initiated by a third party, such ING Party shall be entitled to act in respect of such legal proceedings, but in each case without the right to expand such proceedings beyond the actual subject matter thereof, it being understood that the exclusive jurisdiction of the courts of Amsterdam the Netherlands shall be preserved to the maximum extent possible.

(b)

The courts of Amsterdam, the Netherlands are the most appropriate and convenient courts to settle any such dispute in connection with this Agreement. ING Bank agrees not to argue to the contrary and waives objection to those courts on the grounds of inconvenient forum or otherwise in relation to proceedings in connection with this Agreement. If proceedings are initiated by any Party in conformity with this Clause 26.1, including Clause 26.1(c), the State hereby waives any immunity from jurisdiction it may enjoy. In addition, if the State takes proceedings before a court outside the Netherlands, the ING Parties shall preserve the right to bring proceedings over the same subject matter or body of facts, before the courts of Amsterdam.

(c)	This Clause is for the benefit of the State only. To the extent allowed by law, the State may take:

(i)

proceedings in any other court; and

(ii)

concurrent proceedings in any number of jurisdictions.

(d)	References in this Clause to a dispute in connection with this Agreement includes any dispute as to the existence, validity or termination of this Agreement.

THIS AGREEMENT has been entered into on the date stated at the beginning of this Agreement.

SCHEDULE 1

CONDITIONS PRECEDENT DOCUMENTS IN RESPECT OF THE AMENDMENT

Legal opinions from (i) inhouse counsel of ING US entities other than Lion Custom Investments LLC and ING Direct Bancorp, (ii) outside Delaware counsel of Lion Custom Investments LLC and ING Direct Bancorp, (iii) Xxxxxxxx & Xxxxxxxx, and (iv) NautaDutilh in form and substance satisfactory to the State.

2.	Each Transaction Document has been duly executed and, to the extent applicable, delivered by each Party thereto.

3.	Each contract transfer (contractsovername) purported pursuant to the Universal Amendment and Contract Transfer Agreement having become effective.

4.	Evidence satisfactory to the State that the Securities are standing to the credit of the accounts purported to be secured pursuant to the US Security Agreement.

5.	Evidence satisfactory to the State that the Securities purported to be secured pursuant to the US Security Agreement are subject to the pledge under the US Security Agreement.

Evidence satisfactory to the State that all payments for or in relation to the IABF Receivables (as defined in the 2012 Deeds of Assignment of IABF Receivables dated on or about the date of this Agreement between ING Support Holding B.V., ING Bank N.V., the State, Stichting Derdengelden ING Support Holding and various parties as assignor) have been made to the US Companies.

7.	Evidence satisfactory to the State that The Bank of New York Mellon has been notified of the 2012 Deed of Disclosed Pledge.

8.	Evidence satisfactory to the State that proper filing of a financing statement for the 2012 Deed of Disclosed Pledge has been made in the office of the Recorder of Deeds of the District of Columbia.

SCHEDULE 2

DESCRIPTION OF SECURITIES

The list of Securities shall contain the following information per Security:

(a)

CUSIP

(b)

Deal Name

(c)	Tranche Name

(d)	Original Balance - Total

(e)	Original Balance - ING

(f)	Original Balance - Dutch State

(g)	Current Balance - Dutch State (indicative as of 5 Oct 2012)

(h)	Bond Factor at cut-off date

(i)	Cut-off value - Dutch State

(j)	90% of Cut-off value - Dutch State


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

000000XX0	ABN03013	A6		207,487,020		124,387,020		99,509,616		—		22.56	%		22,451,500		20,206,349.61

000000XX0	ARMT0401	8A1		52,705,000		52,705,000		42,164,000		513,250		1.80	%		760,207		684,186.54

000000XX0	ARMT0402	7A3		205,000,000		20,000,000		16,000,000		529,002		6.82	%		1,090,987		981,888.48

000000XX0	ARMT0403	2A1		167,310,000		98,000,000		78,400,000		3,588,816		6.68	%		5,236,435		4,712,791.31

000000XX0	ARMT0405	1A1		78,200,000		28,200,000		22,560,000		466,130		8.10	%		1,827,919		1,645,127.28

000000XX0	ARMT0507	2A1		115,500,000		115,500,000		92,400,000		13,727,983		39.46	%		36,465,598		32,819,038.28

000000XX0	ARMT0508	2A2_1		61,625,000		61,625,000		49,300,000		20,201,753		60.01	%		29,583,277		26,624,949.14

000000XX0	ARMT0508	3A1		75,000,000		75,000,000		60,000,000		24,278,856		61.73	%		37,039,353		33,335,418.02

000000XX0	ARMT0508	3A2_1		148,300,000		48,300,000		38,640,000		16,010,809		61.73	%		23,853,344		21,468,009.21

000000XX0	ARMT0509	3A1		35,530,000		35,530,000		28,424,000		4,050,688		73.80	%		20,977,855		18,880,069.34

000000XX0	ARMT0510	2A1		217,550,000		217,550,000		174,040,000		68,838,976		67.39	%		117,282,141		105,553,927.20

000000XX0	ARMT0511	3A1		90,220,000		90,220,000		72,176,000		29,866,082		67.74	%		48,889,072		44,000,165.05

00000XXX0	ARMT0702	1A1		154,772,000		154,772,000		123,817,600		57,206,832		86.57	%		107,186,764		96,468,087.99

00000XXX0	ALLB07O1	A2		63,706,000		63,706,000		50,964,800		13,877,078		93.73	%		47,767,105		42,990,394.18

00000XXX0	XXX00X00	0X0		82,048,000		57,048,000		45,638,400		22,856,646		78.87	%		35,993,321		32,393,988.51

00000XXX0	XXX00X00	0X0		27,350,000		10,000,000		8,000,000		—		78.87	%		6,309,304		5,678,373.60


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	CWA06O14	2A1		209,625,000		15,000,000		12,000,000		5,255,210		60.01	%		7,201,368		6,481,231.20

00000XXX0	XXX00X00	0X0		192,683,000		140,000,000		112,000,000		77,057,724		86.44	%		96,815,673		87,134,106.02

00000XXX0	XXX00X00	0X0		48,171,000		10,000,000		8,000,000		1,160,666		86.44	%		6,915,405		6,223,864.32

00000XXX0	CWA0624C	A11		147,063,000		52,063,000		41,650,400		11,762,062		60.27	%		25,100,761		22,590,684.98

00000XXX0	CWA0636T	1A4		108,000,000		47,000,000		37,600,000		17,686,103		78.43	%		29,490,457		26,541,411.13

00000XXX0	CWA0636T	2A1		210,817,000		63,817,000		51,053,600		20,786,678		69.75	%		35,610,407		32,049,365.98

00000XXX0	CWA0618C	A6		137,430,200		50,000,000		40,000,000		21,068,473		84.41	%		33,762,165		30,385,948.32

00000XXX0	CWA0629T	2A16		10,591,927		10,591,927		8,473,542		5,610,517		95.17	%		8,064,344		7,257,909.60

00000XXX0	CWA0619C	A20		9,935,557		9,935,557		7,948,446		4,943,185		76.73	%		6,098,831		5,488,948.08

00000XXX0	CWA0623C	1A6		55,000,000		20,000,000		16,000,000		5,820,521		67.41	%		10,786,086		9,707,477.76

00000XXX0	CWA0623C	2A6		19,068,000		19,068,000		15,254,400		7,813,779		79.93	%		12,192,278		10,973,049.84

00000XXX0	CWA0626C	A15		5,000,000		5,000,000		4,000,000		2,142,459		84.45	%		3,378,136		3,040,322.40

00000XXX0	CWA0627C	A7		151,436,000		107,076,000		85,660,800		27,989,364		62.59	%		53,617,166		48,255,449.63

00000XXX0	CWA07HY3	3A1		147,344,000		55,914,000		44,731,200		24,535,022		89.41	%		39,995,302		35,995,771.76

00000XXX0	XXX00XX0	0X0		63,697,000		63,697,000		50,957,600		30,723,947		87.32	%		44,497,953		40,048,158.03

00000XXX0	XXX00XX0	0X0		118,928,000		67,928,000		54,342,400		30,307,007		83.89	%		45,589,289		41,030,360.49

00000XXX0	CWA0640T	1A5		81,400,000		31,400,000		25,120,000		10,297,892		75.57	%		18,982,884		17,084,595.46


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	CWA0641C	2A12		141,130,000		140,380,000		112,304,000		51,941,204		75.15	%		84,397,941		75,958,146.69

00000XXX0	CWA06H13	2A1		67,959,000		37,959,000		30,367,200		8,261,623		77.78	%		23,618,294		21,256,464.21

00000XXX0	CWA06H13	3A1		135,945,000		27,430,000		21,944,000		5,785,685		74.23	%		16,288,194		14,659,374.53

00000XXX0	CWA06H13	4A1		316,754,000		80,000,000		64,000,000		30,310,199		77.20	%		49,405,143		44,464,628.79

00000XXX0	CWA07OA4	A2		163,244,000		163,244,000		130,595,200		73,646,540		79.91	%		104,354,469		93,919,022.14

00000XXX0	XXX00XX0	X0X		57,721,000		57,721,000		46,176,800		32,198,316		91.39	%		42,202,725		37,982,452.86

00000XXX0	XXX00XX0	0X0		207,766,000		85,000,000		68,000,000		36,444,643		76.57	%		52,069,732		46,862,759.17

00000XXX0	XXX00XX0	0X0		104,209,000		104,209,000		83,367,200		49,810,542		80.19	%		66,853,244		60,167,919.93

00000XXX0	CWA07H8C	A1		347,546,000		100,000,000		80,000,000		46,859,447		87.07	%		69,658,490		62,692,641.36

00000XXX0	CWA07022	2A1		50,000,000		50,000,000		40,000,000		25,269,353		88.30	%		35,318,570		31,786,712.64

00000XXX0	CWA0723C	A3		286,450,000		30,000,000		24,000,000		13,071,954		82.93	%		19,903,055		17,912,749.69

00000XXX0	CWA0723C	A7		230,894,400		70,894,400		56,715,520		30,658,901		82.93	%		47,033,838		42,330,453.85

00000XXX0	CWA0723C	A8		57,723,600		17,723,600		14,178,880		7,664,725		82.93	%		11,758,459		10,582,613.28

00000XXX0	CWA0721C	2A1		148,680,800		30,000,000		24,000,000		14,951,018		94.15	%		22,596,493		20,336,843.51

00000XXX0	CWA07024	A1		125,000,000		25,000,000		20,000,000		10,002,367		84.85	%		16,969,242		15,272,317.44

00000XXX0	CWA07024	A2		8,928,571		8,928,572		7,142,858		3,572,274		84.85	%		6,060,444		5,454,399.59

00000XXX0	CWA07024	A4		40,000,000		25,000,000		20,000,000		10,002,367		84.85	%		16,969,242		15,272,317.44

00000XXX0	CWA07HY6	A1		597,713,000		100,000,000		80,000,000		40,403,259		86.17	%		68,935,411		62,041,870.15


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	CWA0718C	1A6		40,000,000		40,000,000		32,000,000		19,184,329		90.89	%		29,085,601		26,177,040.72

00000XXX0	XXX00XX0	X0X		200,000,000		50,000,000		40,000,000		25,271,173		87.58	%		35,031,061		31,527,954.54

00000XXX0	XXX00XX0	X0X		165,110,000		145,110,000		116,088,000		73,341,999		87.58	%		101,667,144		91,500,429.67

00000XXX0	AHM04004	IA1		204,824,500		25,000,000		20,000,000		3,008,978		21.71	%		4,342,858		3,908,572.56

00000XXX0	AHM05002	IA2		228,175,000		25,000,000		20,000,000		4,360,153		33.16	%		6,631,103		5,967,992.88

00000XXX0	AHM05004	IA3		76,914,000		18,914,000		15,131,200		2,405,433		45.36	%		6,863,647		6,177,282.48

00000XXX0	AHM06001	I1A1		600,000,000		110,000,000		88,000,000		30,670,086		53.61	%		47,179,838		42,461,854.38

00000XXX0	AHA06003	IA3		89,251,000		25,251,000		20,200,800		—		80.85	%		16,332,179		14,698,960.75

00000XXX0	AHA06002	1A2		123,694,000		30,000,000		24,000,000		7,259,753		72.55	%		17,412,560		15,671,303.99

000000XX0	AHT_1	5		61,004,000		5,500,000		4,400,000		31,116		1.65	%		72,531		65,278.08

000000XX0	AHM07001	A2		438,772,000		184,772,000		147,817,600		56,509,570		89.64	%		132,508,368		119,257,530.91

000000XX0	BAF0600A	5A1		56,349,000		31,349,000		25,079,200		13,346,527		84.84	%		21,277,552		19,149,796.59

000000XX0	BAF0600A	6A1		129,873,000		129,873,000		103,898,400		56,082,820		82.97	%		86,200,538		77,580,483.85

000000XX0	BAF0600C	4A1		105,948,000		105,948,000		84,758,400		9,426,366		59.10	%		50,093,525		45,084,172.59

000000XX0	BAF0600D	5A2		249,587,000		50,000,000		40,000,000		9,132,781		67.99	%		27,195,801		24,476,220.65

00000XXX0	BAF0400B	7A1		145,872,000		25,072,000		20,057,600		2,768,911		25.93	%		5,200,822		4,680,740.16

00000XXX0	BAF0500B	3A2		107,349,000		24,150,000		19,320,000		2,336,689		22.06	%		4,261,339		3,835,205.28


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XX00	BAF05008	2A3		73,259,000		58,259,000		46,607,200		3,954,359		70.33	%		32,780,534		29,502,480.53

00000XXX0	BAF0500F	4A1		318,581,000		30,278,000		24,222,400		9,852,148		61.97	%		15,010,004		13,509,003.62

000000XX0	BAA06006	CB1		57,621,000		28,930,000		23,144,000		4,490,356		44.66	%		10,335,923		9,302,330.89

00000X0X0	BAA06003	4CB1		47,945,000		30,845,000		24,676,000		13,047,517		76.94	%		18,985,481		17,086,932.71

00000XX00	BAA05005	1CB2		10,431,767		10,431,767		8,345,414		3,667,250		74.49	%		6,216,797		5,595,117.12

00000XXX0	BAA03002	CB2		212,518,647		49,518,647		39,614,918		1,347,017		16.55	%		6,555,652		5,900,086.82

00000XXX0	BAA03002	CB5		101,639,353		101,639,353		81,311,482		2,764,816		16.55	%		13,455,785		12,110,206.32

00000XXX0	BAA03002	NC1		50,000,000		48,400,000		38,720,000		28,359		11.48	%		4,443,283		3,998,954.88

00000XXX0	BAA03003	A2		21,012,416		21,012,416		16,809,933		1,943,635		24.50	%		4,118,462		3,706,615.43

00000XX00	BAA05006	5A2		146,259,000		60,000,000		48,000,000		8,595,527		53.66	%		25,758,175		23,182,357.90

00000XXX0	BAA03009	1CB2		134,687,000		32,187,000		25,749,600		3,010,458		30.91	%		7,959,319		7,163,387.32

00000XX00	BAA05007	2CB1		103,936,000		21,436,000		17,148,800		8,350,090		66.79	%		11,453,862		10,308,475.43

00000XXX0	BAA03010	2A2		65,013,882		15,000,000		12,000,000		1,823,767		33.67	%		4,040,111		3,636,100.08

00000XXX0	BAA03010	2A3		27,089,118		27,089,118		21,671,294		3,293,617		33.67	%		7,296,203		6,566,582.88

00000XX00	BAA05008	1CB2		60,063,500		60,063,500		48,050,800		23,975,294		74.91	%		35,995,345		32,395,810.30

00000XX00	BAA05008	1CB6		2,503,000		2,503,000		2,002,400		951,934		74.91	%		1,500,018		1,350,015.84

00000XX00	BAA05008	2CB1		56,387,000		20,000,000		16,000,000		7,968,463		71.09	%		11,375,051		10,237,546.08

00000XXX0	BAA04002	1A1		117,132,000		25,000,000		20,000,000		6,961,712		49.38	%		9,876,610		8,888,949.36


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XX00	BAA05009	2CB1		49,738,000		36,738,000		29,390,400		13,830,082		65.80	%		19,338,954		17,405,058.23

00000XX00	BAA05010	4A1		53,944,000		28,944,000		23,155,200		7,703,946		63.85	%		14,783,653		13,305,287.86

00000XXX0	BAA04009	2CB1		10,000,000		10,000,000		8,000,000		6,508,937		100.00	%		8,000,000		7,200,000.00

00000XX00	BAA05011	4A1		57,538,000		57,538,000		46,030,400		13,441,028		64.93	%		29,887,554		26,898,798.97

00000XXX0	BAA04011	2CB1		81,736,000		81,136,000		64,908,800		18,916,986		49.13	%		31,888,959		28,700,063.27

00000XX00	BAA05012	4A1		57,331,000		27,331,000		21,864,800		9,230,849		66.64	%		14,571,266		13,114,139.15

00000XXX0	BAA05004	CB1		50,000,000		50,000,000		40,000,000		13,939,784		57.60	%		23,038,672		20,734,804.80

00000XXX0	BAA05004	CB2		88,861,000		8,599,000		6,879,200		1,334,269		47.54	%		3,270,274		2,943,246.96

00000XXX0	BAA05004	CB6		87,760,000		40,260,000		32,208,000		11,223,783		57.60	%		18,550,393		16,695,353.53

00000X0X0	BMS0400C	2A2		157,673,000		80,173,000		64,138,400		10,969,417		40.41	%		25,921,139		23,329,025.51

00000XXX0	BMS0300E	2A2		380,000,000		75,950,000		60,760,000		3,496,847		11.95	%		7,262,163		6,535,947.06

00000XXX0	BAA03004	1A3		37,268,166		37,268,166		29,814,533		3,685,963		27.61	%		8,230,551		7,407,496.09

00000XXX0	BMS0300F	2A3		290,184,000		100,000,000		80,000,000		6,159,947		14.51	%		11,605,450		10,444,905.22

00000XXX0	BMS0300G	2A1		399,396,000		180,896,000		144,716,800		10,462,410		16.93	%		24,493,649		22,044,283.78

00000XX00	BMS0400A	2A2		408,410,000		33,000,000		26,400,000		2,861,681		25.59	%		6,755,928		6,080,334.88

000000XX0	BAA07001	2A1		63,977,000		38,977,000		31,181,600		20,944,651		83.68	%		26,091,645		23,482,480.32

000000XX0	BAA07001	4A1		40,000,000		40,000,000		32,000,000		17,852,176		78.35	%		25,071,102		22,563,991.44


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000X0X0	BMS0500E	2A4		67,109,000		54,109,000		43,287,200		—		82.70	%		35,800,219		32,220,197.11

00000XX00	BMS04011	1A3		147,466,000		72,466,000		57,972,800		104,888		51.78	%		30,015,641		27,014,077.29

00000XXX0	BMS0400G	2A7		300,000,000		70,075,000		56,060,000		11,613,524		39.88	%		22,357,820		20,122,038.09

00000XXX0	BMS04007	5A8		75,000,000		47,500,000		38,000,000		—		45.80	%		17,403,227		15,662,903.96

00000XXX0	BMS0500F	2A1		225,000,000		125,000,000		100,000,000		35,045,977		66.89	%		66,886,193		60,197,573.97

00000XXX0	BMS0500G	2A3		150,548,000		150,548,000		120,438,400		5,895,858		53.06	%		63,903,554		57,513,198.25

00000XXX0	BMS0500I	2A3		130,026,000		82,026,000		65,620,800		1,274,172		53.55	%		35,138,428		31,624,585.03

00000XXX0	BAA06004	4CB1		74,584,000		17,341,000		13,872,800		7,362,017		74.12	%		10,282,719		9,254,447.28

00000XXX0	BAF06004	A3		63,376,000		43,431,000		34,744,800		647,650		53.67	%		18,648,008		16,783,207.21

00000XXX0	BAF0600G	2A1		600,000,000		10,000,000		8,000,000		3,098,973		72.84	%		5,826,814		5,244,132.96

00000XXX0	BAF0600G	2A2		404,295,000		20,000,000		16,000,000		—		44.90	%		7,183,434		6,465,090.96

00000XXX0	BAF0600H	4A1		96,040,000		96,040,000		76,832,000		20,550,849		58.07	%		44,612,760		40,151,483.89

00000XXX0	BMS0600B	4A1		197,448,000		92,448,000		73,958,400		12,776,297		60.38	%		44,657,830		40,192,047.33

00000XXX0	BAF0600J	5A1		94,539,000		94,539,000		75,631,200		16,224,097		60.01	%		45,388,032		40,849,228.95

00000XXX0	BAF0600I	1A1		411,507,000		26,435,000		21,148,000		7,754,654		73.37	%		15,515,596		13,964,036.30

00000XXX0	BAF0600I	6A1		479,555,000		25,555,000		20,444,000		7,117,197		60.13	%		12,292,582		11,063,324.17

000000XX0	BAF0700C	1A2		270,000,000		150,000,000		120,000,000		51,733,939		85.24	%		102,290,044		92,061,039.24

000000XX0	BAF0700C	1A3		491,861,000		103,451,000		82,760,800		22,096,328		80.78	%		66,851,581		60,166,422.99


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

000000XX0	BAF0700C	4A2		136,165,000		50,000,000		40,000,000		8,410,695		80.02	%		32,009,971		28,808,973.54

000000XX0	BAF07005	7A1		37,718,200		23,417,342		18,733,874		14,518,691		87.56	%		16,403,113		14,762,801.30

000000XX0	BAF07005	7A2		5,802,800		3,602,668		2,882,134		940,544		87.56	%		2,523,556		2,271,200.40

00000XXX0	BAF0700A	2A2		58,512,000		20,000,000		16,000,000		6,403,054		76.65	%		12,263,640		11,037,275.61

00000XXX0	BAF07R01	A2		80,559,378		80,559,378		64,447,502		37,202,549		91.13	%		58,728,658		52,855,792.28

00000XXX0	BAF07004	TA1B		50,000,000		15,000,000		12,000,000		2,241,665		65.50	%		7,860,560		7,074,504.00

00000XXX0	BAF07004	2A13		90,000,000		90,000,000		72,000,000		29,188,756		85.21	%		61,347,753		55,212,977.64

00000XXX0	BAA06008	1A3		3,220,000		3,220,000		2,576,000		—		75.44	%		1,943,462		1,749,116.16

00000XXX0	BAA06008	2A2		7,649,000		7,649,000		6,119,200		3,344,164		71.34	%		4,365,658		3,929,091.84

00000XXX0	BAF04002	1CB1		113,071,000		71,851,000		57,480,800		15,058,209		52.38	%		30,108,461		27,097,614.72

00000XXX0	BSH07AC4	A1		298,563,000		49,563,000		39,650,400		21,871,740		84.45	%		33,485,957		30,137,361.11

00000XXX0	BSH07AC4	A2		63,237,000		63,237,000		50,589,600		30,256,097		84.45	%		42,724,442		38,451,997.45

00000XXX0	BSP04002	A		27,000,000		5,000,000		4,000,000		187,650		15.56	%		622,568		560,311.20

00000XXX0	BSP04010	A		38,000,000		31,000,000		24,800,000		7,266,749		30.21	%		7,492,114		6,742,902.24

00000XX00	BSAT0309	IIA3		57,127,700		57,127,700		45,702,160		4,443,813		17.77	%		8,120,911		7,308,820.07

00000XX00	BSAT0403	IIA		615,389,500		200,000,000		160,000,000		33,366,898		38.38	%		61,408,686		55,267,817.18

00000XX00	BSAT0405	IIA		418,927,000		33,191,000		26,552,800		4,445,626		44.74	%		11,879,316		10,691,384.74


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	BSAT0301	IA1		239,692,900		239,692,900		191,754,320		5,412,477		4.81	%		9,219,140		8,297,225.86

00000XXX0	BSAT0306	IA2		298,960,900		127,280,000		101,824,000		7,393,045		15.25	%		15,523,476		13,971,128.21

00000XXX0	BSHE0103	M1		10,461,000		10,461,000		8,368,800		5,096,633		60.90	%		5,096,632		4,586,968.80

00000XXX0	BSHE03A5	A5		150,000,000		37,976,826		30,381,461		4,639,648		27.34	%		8,306,894		7,476,204.95

00000XXX0	BSAA0403	A1		629,828,400		40,000,000		32,000,000		2,658,167		13.13	%		4,202,648		3,782,383.20

00000XXX0	BSAA0404	A1		474,040,000		20,000,000		16,000,000		1,823,700		17.82	%		2,851,296		2,566,166.40

00000XXX0	BSAA0406	IA		380,660,000		10,000,000		8,000,000		1,207,151		23.12	%		1,849,958		1,664,962.56

00000XXX0	BSAA0411	IA2		81,471,000		41,471,000		33,176,800		2,759,887		14.48	%		4,805,624		4,325,061.70

00000XXX0	BSAA0412	IA4		48,897,000		48,897,000		39,117,600		6,755,293		25.70	%		10,053,592		9,048,233.15

00000XXX0	BSAA0502	IIA4		229,097,500		50,000,000		40,000,000		10,496,097		37.02	%		14,806,027		13,325,424.12

00000XXX0	BSAA0507	II5A1		104,637,000		42,637,000		34,109,600		12,067,542		59.27	%		20,218,074		18,196,266.65

00000XXX0	BSAA0507	II6A1		269,657,000		175,357,000		140,285,600		56,249,885		63.81	%		89,513,166		80,561,849.04

00000XXX0	BSAA0509	II6A1		370,307,200		75,650,000		60,520,000		27,821,602		66.08	%		39,993,655		35,994,289.75

000000XX0	BSAA0604	II3A2		173,855,000		168,855,000		135,084,000		7,319,585		62.97	%		85,061,957		76,555,761.54

000000XX0	BSAA0604	III3A1		252,115,000		126,320,000		101,056,000		—		23.39	%		23,637,665		21,273,898.11

0000000X0	BSHE05A9	A4		53,959,533		53,959,533		43,167,626		17,995,008		59.30	%		25,598,381		23,038,542.71

000000XX0	BSHE04A2	1A3		44,638,909		44,638,909		35,711,127		4,522,211		21.23	%		7,581,838		6,823,653.83

000000X00	BSHE05A5	IIA2		24,733,039		24,733,039		19,786,431		7,460,371		58.52	%		11,579,759		10,421,783.28


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

000000XX0	BSHE04A5	A2		31,481,090		15,481,090		12,384,872		2,762,833		36.82	%		4,560,053		4,104,047.52

000000X00	BSHE05A7	A1		55,000,000		55,000,000		44,000,000		18,262,918		63.29	%		27,848,148		25,063,333.22

000000X00	BSHE05A7	A2		25,000,000		25,000,000		20,000,000		8,301,326		63.29	%		12,658,248		11,392,423.20

000000XX0	BSHE05A3	IIA1		152,260,000		50,000,000		40,000,000		11,164,726		51.27	%		20,506,213		18,455,591.52

000000X00	BSHE05A8	A1		141,176,000		55,000,000		44,000,000		16,064,154		50.25	%		22,111,169		19,900,051.93

00000XXX0	BSAT0507	IIA1		243,580,000		243,580,000		194,864,000		69,519,823		66.21	%		129,023,780		116,121,401.99

00000XXX0	BSAT0508	A1		265,123,000		130,123,000		104,098,400		—		40.18	%		41,825,378		37,642,840.21

00000XXX0	BSHE06A1	IA1		275,026,000		30,000,000		24,000,000		10,447,984		59.67	%		14,320,980		12,888,882.00

00000XXX0	BSHE06A2	IA2		53,960,900		53,960,900		43,168,720		18,457,733		60.39	%		26,070,082		23,463,073.45

00000XXX0	BSHE06A2	II2A2		11,164,533		11,164,533		8,931,626		3,240,037		54.64	%		4,879,928		4,391,935.38

00000XXX0	BSHE06S2	A1		95,000,000		4,500,000		3,600,000		1,046,063		58.27	%		2,097,573		1,887,815.52

00000XXX0	BSHE06A4	A2		63,086,000		63,086,000		50,468,800		20,205,703		63.61	%		32,101,010		28,890,909.37

00000XXX0	BSA20701	IA1		600,776,000		54,000,000		43,200,000		26,582,696		85.40	%		36,890,736		33,201,662.20

00000XXX0	BSA20701	IIA1		217,780,000		217,780,000		174,224,000		98,425,575		78.91	%		137,484,968		123,736,471.38

000000XX0	BSM96006	B4		4,824,000		1,472,924		1,178,339		107,275		18.73	%		220,735		198,661.44

000000XX0	BSM97004	B4		2,064,600		2,064,600		1,651,680		97,564		13.49	%		222,801		200,520.72

000000XX0	BSM97004	B5		1,335,900		1,335,900		1,068,720		64,335		13.62	%		145,507		130,956.34


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

000000XX0	BSM97004	B6		1,457,796		1,457,796		1,166,237		27,771		6.17	%		71,948		64,753.20

00000XXX0	BSF07AR5	IIA1		383,210,000		50,000,000		40,000,000		23,257,090		88.95	%		35,579,208		32,021,287.56

00000XXX0	XXX00XX0	IIA2		191,605,000		84,105,000		67,284,000		39,120,752		88.95	%		59,847,786		53,863,007.80

00000XXX0	BSAT0704	II1A1		185,316,000		103,993,266		83,194,613		44,317,979		89.18	%		74,194,227		66,774,804.44

00000XXX0	XXX00XX0	XX0		75,868,000		9,000,000		7,200,000		—		86.33	%		6,215,911		5,594,320.08

00000XXX0	BSF06AR5	IIA1		550,417,000		180,000,000		144,000,000		79,174,806		81.78	%		117,761,142		105,985,027.76

00000XXX0	BSF06AR5	IIA2		275,208,000		40,000,000		32,000,000		16,485,111		81.78	%		26,169,143		23,552,228.39

00000XXX0	BSF07AR2	A2		215,458,000		16,150,000		12,920,000		6,866,402		83.81	%		10,828,462		9,745,616.15

00000XXX0	XXX00XX0	XX0X0		181,097,000		90,097,000		72,077,600		40,906,393		86.70	%		62,492,206		56,242,985.05

00000XXX0	XXX00XX0	XX0		137,807,000		129,807,000		103,845,600		48,507,241		66.25	%		68,801,575		61,921,417.81

00000XXX0	XXX00XX0	XXX0X		118,614,000		118,614,000		94,891,200		56,418,658		88.26	%		83,750,610		75,375,548.80

00000XXX0	BVM04002	A4		91,857,000		91,857,000		73,485,600		10,726,630		28.19	%		20,714,791		18,643,312.07

00000XXX0	CWF06013	1A22		50,000,000		50,000,000		40,000,000		2,913,959		50.34	%		20,135,343		18,121,808.81

00000XXX0	CWF07004	1A13		153,624,270		153,624,270		122,899,416		40,285,154		80.63	%		99,097,970		89,188,172.85

00000XXX0	CWF07004	1A50		75,000,000		75,000,000		60,000,000		22,062,818		82.10	%		49,260,124		44,334,111.62

00000XXX0	CWF07005	A30		119,377,000		100,000,000		80,000,000		21,835,825		88.61	%		70,887,557		63,798,801.19

00000XXX0	CWF07008	1A11		57,000,000		57,000,000		45,600,000		17,985,053		83.11	%		37,899,479		34,109,531.49

00000XXX0	CWF07010	A3		54,347,000		30,000,000		24,000,000		1,247,115		96.79	%		23,229,252		20,906,326.45


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Xxxxx Xxxxx

00000XXX0	XXX00X00	XX00		248,547,000		108,547,000		86,837,600		35,234,186		72.51	%		62,966,887		56,670,198.68

00000XXX0	XXX00X00	XX00		20,000,000		20,000,000		16,000,000		6,299,855		74.59	%		11,934,767		10,741,290.48

00000XXX0	CMA07A07	IIA2		40,000,000		40,000,000		32,000,000		18,728,365		90.74	%		29,036,082		26,132,474.16

00000XXX0	CSM06004	1A11		44,100,000		20,000,000		16,000,000		6,735,820		70.85	%		11,335,476		10,201,928.40

000000XX0	CWF05HY9	3A1A		210,000,000		200,000,000		160,000,000		62,827,349		64.55	%		103,279,241		92,951,316.58

00000X0X0	CWA056CB	1A3		200,000,000		75,000,000		60,000,000		15,819,644		50.37	%		30,224,579		27,202,120.81

00000X0X0	CWA056CB	1A4		506,500,000		132,500,000		106,000,000		27,948,038		50.37	%		53,396,756		48,057,080.10

00000XX00	CWA04033	3A1		160,608,000		136,488,000		109,190,400		16,192,735		26.29	%		28,702,062		25,831,855.66

00000XXX0	CWA041T1	A3		29,901,900		29,901,900		23,921,520		—		10.51	%		2,514,318		2,262,886.55

00000XXX0	CWA044CB	3A1		52,046,000		37,046,000		29,636,800		2,776,278		19.23	%		5,698,762		5,128,885.48

00000XX00	CWA0430C	1A1		90,744,055		15,744,055		12,595,244		132,642		21.13	%		2,661,006		2,394,905.20

00000XXX0	CWA049T1	A1		121,077,273		121,077,273		96,861,818		5,090,039		40.78	%		39,497,442		35,547,697.45

00000XXX0	CWA049T1	A2		12,107,727		12,107,727		9,686,182		509,004		40.78	%		3,949,744		3,554,769.60

00000XXX0	CWA04J05	2A1		310,943,000		20,943,000		16,754,400		1,060,020		12.33	%		2,066,159		1,859,543.27

00000XXX0	CWA0416C	4A1		116,100,000		116,100,000		92,880,000		2,890,089		17.70	%		16,443,745		14,799,370.93

00000XXX0	CWA0414T	A13		36,888,800		36,388,800		29,111,040		5,542,407		40.22	%		11,708,891		10,538,002.07

00000XXX0	CWA04015	2A1		172,300,000		50,000,000		40,000,000		6,373,230		28.65	%		11,461,689		10,315,520.28


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	CWA0418C	2A5		201,366,500		87,366,500		69,893,200		2,584,377		14.13	%		9,876,240		8,888,616.28

00000XX00	CWA0436C	2A1		234,000,000		149,000,000		119,200,000		20,164,484		37.90	%		45,179,090		40,661,180.74

00000XX00	CWA05J01	2A1		76,616,000		48,886,000		39,108,800		7,918,763		51.67	%		20,208,573		18,187,715.54

00000XXX0	CWA0426T	A1		328,345,000		30,000,000		24,000,000		4,829,818		33.52	%		8,044,177		7,239,759.11

00000XXX0	CWA0427C	A1		252,491,000		25,000,000		20,000,000		5,039,144		38.38	%		7,676,345		6,908,710.32

00000XX00	CWA053CB	1A5		116,305,555		91,305,555		73,044,444		18,211,213		48.35	%		35,317,341		31,785,606.87

00000XXX0	CWA0428C	2A7		95,000,000		95,000,000		76,000,000		7,815,837		31.58	%		23,997,736		21,597,962.04

00000XXX0	CWA0429C	A8		72,676,922		72,676,922		58,141,538		2,141,172		23.15	%		13,462,177		12,115,959.17

00000XXX0	CWA0429C	A10		220,000,000		100,000,000		80,000,000		10,591,795		34.73	%		27,784,150		25,005,734.64

00000XXX0	CWA0513C	A1		413,200,000		10,000,000		8,000,000		2,234,495		53.47	%		4,277,431		3,849,688.08

00000XXX0	CWR0512R	A2		223,811,596		98,811,596		79,049,277		11,667,060		31.05	%		24,548,330		22,093,497.07

00000XXX0	CWA05014	2A2		66,932,000		19,877,500		15,902,000		2,852,715		26.26	%		4,175,644		3,758,079.60

00000XXX0	CWA05014	4A1		137,012,000		28,987,000		23,189,600		4,233,472		25.96	%		6,021,072		5,418,965.09

00000XXX0	CWA0519C	A1		231,462,073		9,401,750		7,521,400		2,068,613		53.63	%		4,033,430		3,630,086.64

00000XXX0	CWA0519C	A2		105,210,032		105,210,032		84,168,026		23,148,761		53.63	%		45,135,985		40,622,386.32

00000XX00	CWA05027	1A1		70,000,000		70,000,000		56,000,000		11,876,549		30.77	%		17,229,556		15,506,600.41

00000XXX0	CWA0523C	A3		40,000,000		40,000,000		32,000,000		8,347,391		52.54	%		16,812,443		15,131,198.88

00000XXX0	CWA0523C	A13		72,261,000		72,261,000		57,808,800		14,832,247		52.26	%		30,213,162		27,191,845.99


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XX00	CWA05027	1A8		68,167,000		68,167,000		54,533,600		12,094,848		30.77	%		16,778,389		15,100,549.98

00000XXX0	CWA05016	A2		18,750,000		18,750,000		15,000,000		3,194,520		29.15	%		4,372,601		3,935,340.45

00000XXX0	CWA05016	A6		75,366,000		75,366,000		60,292,800		12,840,438		29.15	%		17,575,755		15,818,179.65

00000XXX0	CWA05024	1A1		250,652,000		144,000,000		115,200,000		24,361,323		29.48	%		33,959,469		30,563,521.76

00000XXX0	CWA05024	1A2		50,273,000		50,273,000		40,218,400		8,315,485		29.48	%		11,855,864		10,670,277.29

00000XXX0	CWA05024	2A1A		110,000,000		75,000,000		60,000,000		13,709,620		30.76	%		18,454,325		16,608,892.21

00000XXX0	CWA05024	2A2		38,188,000		23,188,000		18,550,400		3,631,817		30.76	%		5,705,585		5,135,026.57

00000XXX0	CWA05024	4A2		139,398,000		53,614,615		42,891,692		8,931,500		29.19	%		12,518,284		11,266,455.52

00000XXX0	CWA05024	4A3		83,640,000		54,002,666		43,202,133		8,330,955		29.19	%		12,608,889		11,347,999.69

00000XXX0	CWA05024	IIM		38,954,000		8,954,000		7,163,200		—		89.46	%		6,408,419		5,767,577.06

00000XXX0	CWA0525T	A2		84,737,000		84,737,000		67,789,600		17,681,838		53.89	%		36,528,782		32,875,903.91

00000XXX0	CWA0525T	A4		60,526,429		30,526,429		24,421,143		6,369,866		53.89	%		13,159,461		11,843,515.19

00000XXX0	CWA05017	1A3		122,280,000		112,280,000		89,824,000		17,512,551		27.92	%		25,082,142		22,573,927.46

00000XX00	CWA05041	2A2		107,814,000		10,000,000		8,000,000		2,018,139		35.13	%		2,810,125		2,529,112.32

00000XXX0	CWA0526C	A1		130,000,000		35,000,000		28,000,000		7,255,179		51.04	%		14,291,928		12,862,735.20

00000XXX0	CWA0526C	A7		187,123,493		75,000,000		60,000,000		15,546,812		51.04	%		30,625,561		27,563,005.03

00000XXX0	CWA05024	2A1C		7,820,000		7,820,000		6,256,000		1,429,456		30.76	%		1,924,171		1,731,753.83


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	CWA05031	1A3		70,732,000		70,732,000		56,585,600		17,084,650		38.15	%		21,590,055		19,431,049.55

00000XX00	CWA05038	A4		297,403,000		50,000,000		40,000,000		9,599,247		33.55	%		13,421,697		12,079,527.01

00000XXX0	CWA05036	3A1		215,015,000		163,015,000		130,412,000		37,241,232		42.29	%		55,153,120		49,637,807.91

000000XX0	XXX00XX0	X0X		118,747,000		118,747,000		94,997,600		54,808,758		79.03	%		75,078,148		67,570,333.40

00000XXX0	CWA05051	2A1		269,597,000		15,000,000		12,000,000		3,259,256		38.64	%		4,636,275		4,172,647.37

00000XXX0	CWA05056	3A1		259,608,000		9,500,000		7,600,000		1,247,604		23.28	%		1,769,179		1,592,261.28

00000XXX0	CWA05056	3A2		108,170,000		66,170,000		52,936,000		8,504,756		23.28	%		12,322,798		11,090,518.22

00000XXX0	CWA0553T	2A6		113,698,000		96,698,000		77,358,400		29,485,716		59.61	%		46,109,871		41,498,884.05

00000XXX0	CWA0555C	2A4		40,787,791		40,787,791		32,630,233		15,824,139		70.37	%		22,960,818		20,664,736.57

00000XXX0	CWA05058	A2		100,000,000		40,000,000		32,000,000		15,577,413		63.34	%		20,268,381		18,241,542.48

00000XXX0	CWA05063	5A1		177,693,000		79,400,000		63,520,000		24,025,207		65.86	%		41,835,775		37,652,197.28

00000XXX0	CWA05081	A2		161,209,000		80,000,000		64,000,000		32,160,938		69.19	%		44,282,578		39,854,320.59

00000XXX0	CWA0577T	1A3		78,000,000		78,000,000		62,400,000		29,183,917		68.29	%		42,614,495		38,353,045.70

00000XXX0	CWA0577T	1A4		26,000,000		26,000,000		20,800,000		9,727,972		68.29	%		14,204,831		12,784,348.08

00000XXX0	CWA0577T	2A2		258,130,400		158,130,400		126,504,320		49,574,095		65.56	%		82,933,793		74,640,414.10

00000XXX0	CWA05076	3A2		38,648,000		38,648,000		30,918,400		5,637,832		26.81	%		8,288,711		7,459,840.23

00000XXX0	CWA06J01	1A3		193,835,000		50,000,000		40,000,000		17,349,236		73.72	%		29,487,075		26,538,367.18

00000XXX0	CWA06J01	2A1		62,259,000		25,000,000		20,000,000		4,991,942		38.72	%		7,743,017		6,968,715.12


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	CWA065T2	A5		52,980,000		42,980,000		34,384,000		11,802,295		56.00	%		19,254,509		17,329,058.39

00000XXX0	CWA06H10	2A1		83,556,000		30,000,000		24,000,000		12,963,006		74.39	%		17,854,128		16,068,715.20

00000XXX0	CWA069T1	A1		246,852,572		107,852,572		86,282,058		31,948,396		61.53	%		53,091,023		47,781,920.75

00000XXX0	CWA0611C	3A1		191,593,000		27,700,000		22,160,000		7,135,867		54.16	%		12,001,346		10,801,211.77

00000XXX0	CWA0612C	A1		78,500,000		52,000,000		41,600,000		14,324,748		57.11	%		23,758,315		21,382,483.15

00000XXX0	CWA0612C	A5		100,000,000		100,000,000		80,000,000		27,760,838		57.38	%		45,907,721		41,316,949.22

00000XXX0	CWA0612C	A10		160,000,000		10,000,000		8,000,000		3,474,195		66.33	%		5,306,592		4,775,932.80

00000XXX0	CWA0612C	A11		40,000,000		40,000,000		32,000,000		13,896,781		66.33	%		21,226,367		19,103,730.48

00000XXX0	CWA067CB	1A10		50,000,000		50,000,000		40,000,000		14,520,401		57.70	%		23,081,209		20,773,088.06

00000XXX0	CWA0613T	A15		45,000,000		45,000,000		36,000,000		18,103,110		77.17	%		27,781,397		25,003,257.45

000000X00	XXX00XX0	0X0		192,739,000		30,000,000		24,000,000		10,421,776		56.72	%		13,612,720		12,251,447.70

000000XX0	CWF05019	1A1		180,562,000		50,000,000		40,000,000		7,991,429		63.84	%		25,537,774		22,983,996.78

000000XX0	CWF05HY6	3A1		69,060,000		69,060,000		55,248,000		27,392,798		69.01	%		38,126,629		34,313,966.05

000000XX0	CWF05HY6	4A1A		140,000,000		140,000,000		112,000,000		45,708,924		69.94	%		78,331,471		70,498,324.01

000000X00	CWF06OA4	A1		421,730,000		40,000,000		32,000,000		11,619,211		53.75	%		17,199,467		15,479,519.88

000000X00	CWF06OA4	A2		175,721,000		57,180,000		45,744,000		16,609,662		53.75	%		24,586,637		22,127,973.66

000000XX0	XXX00XX0	0X0		100,528,000		100,528,000		80,422,400		30,505,545		56.31	%		45,282,105		40,753,894.82


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

000000X00	CWF06006	A1		150,075,000		69,575,000		55,660,000		11,451,419		65.55	%		36,484,215		32,835,793.35

000000XX0	CWF05024	A32		50,000,572		50,000,572		40,000,458		—		57.19	%		22,876,159		20,588,543.26

000000X00	CWF06OA5	1A2		191,584,000		106,584,000		85,267,200		24,266,559		40.94	%		34,910,687		31,419,618.75

000000X00	CWF06OA5	3A2		62,001,000		40,001,000		32,000,800		11,039,516		55.33	%		17,706,697		15,936,027.29

000000XX0	CWF05027	1A2		100,000,000		100,000,000		80,000,000		4,910,841		64.84	%		51,870,710		46,683,639.07

000000XX0	CWF05028	A4		50,000,000		50,000,000		40,000,000		9,869,959		72.08	%		28,832,393		25,949,153.84

000000XX0	CWF05027	1A5		58,724,000		58,724,000		46,979,200		3,363,412		65.22	%		30,640,208		27,576,187.29

000000XX0	CWF05030	A1		33,000,000		33,000,000		26,400,000		10,146,724		93.96	%		24,806,284		22,325,655.30

000000XX0	CWF05031	4A1		135,252,000		135,252,000		108,201,600		20,261,150		64.02	%		69,275,626		62,348,063.22

000000XX0	CWF05H10	4A1		188,709,000		188,709,000		150,967,200		56,732,084		61.31	%		92,556,899		83,301,209.22

000000XX0	CWF05H10	4A2		20,967,000		5,967,000		4,773,600		—		61.31	%		2,926,660		2,633,993.69

000000XX0	CWF06003	1A2		154,857,000		39,857,000		31,885,600		7,769,432		39.57	%		12,618,216		11,356,394.40

000000XX0	CWF06003	1A3		51,619,000		21,619,000		17,295,200		4,214,249		39.57	%		6,844,299		6,159,869.28

000000X00	CWF06010	1A1		85,911,000		33,911,000		27,128,800		5,457,350		72.19	%		19,583,707		17,625,336.52

00000X0X0	XXX00XX0	0X0		229,366,000		24,097,000		19,277,600		115,441		0.70	%		134,476		121,028.04

00000X0X0	CWF01HY1	M		8,537,000		4,268,500		3,414,800		90,301		3.54	%		120,986		108,887.52

00000X0X0	XXX00XX0	0X0		383,147,000		19,600,000		15,680,000		277,604		3.73	%		584,428		525,985.06

00000X0X0	XXX00XX0	0X0		125,871,000		93,871,000		75,096,800		1,363,922		19.28	%		14,477,279		13,029,551.11


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000X0X0	CWF03011	A3		15,000,000		13,000,000		10,400,000		—		13.00	%		1,352,408		1,217,167.35

00000X0X0	CWF03009	A3		66,257,443		66,257,443		53,005,954		—		2.97	%		1,573,790		1,416,411.37

00000XXX0	CWF02029	A2		83,325,777		25,000,000		20,000,000		—		3.20	%		639,198		575,278.56

00000XX00	CWF03004	1A5		112,437,000		55,937,000		44,749,600		—		14.60	%		6,535,588		5,882,029.05

00000XXX0	CWF02037	A6		44,100,461		41,600,461		33,280,369		609,033		11.87	%		3,949,997		3,554,997.11

00000XXX0	CWF02037	A19		38,009,112		38,009,112		30,407,290		320,408		9.45	%		2,874,457		2,587,011.11

00000XX00	CWF03005	A11		31,100,000		4,090,000		3,272,000		20,972		8.11	%		265,454		238,908.96

00000XXX0	CWF02038	A2		125,536,000		90,000,000		72,000,000		—		10.75	%		7,738,228		6,964,404.88

00000X0X0	CWF03055	A3		28,897,109		28,897,109		23,117,687		299,392		17.73	%		4,097,946		3,688,151.05

00000X0X0	CWF03055	A6		28,196,583		18,196,583		14,557,266		1,045,568		22.63	%		3,294,855		2,965,369.86

00000XX00	CWF03036	A2		46,380,428		46,380,428		37,104,342		3,168,100		27.18	%		10,085,846		9,077,261.05

00000XXX0	CWF03021	A1		738,500,000		400,000,000		320,000,000		15,440,309		9.18	%		29,387,343		26,448,608.74

00000XXX0	CWF03J04	1A1		146,350,000		13,000,000		10,400,000		55,203		35.92	%		3,736,168		3,362,550.85

00000XXX0	CWF03027	A1		491,000,000		150,000,000		120,000,000		8,140,629		11.95	%		14,337,607		12,903,846.70

00000XXX0	CWF03J05	1A1		172,430,000		48,930,000		39,144,000		—		14.85	%		5,814,602		5,233,142.18

00000XXX0	CWF03025	A2		125,937,500		125,937,500		100,750,000		7,666,743		24.69	%		24,874,001		22,386,600.68

00000XXX0	XXX00XX0	0X0		146,982,000		25,982,000		20,785,600		984,610		9.02	%		1,874,017		1,686,615.54


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	CWF03HY3	7A1		182,240,000		126,240,000		100,992,000		9,051,897		26.30	%		26,563,692		23,907,322.59

00000XX00	CWF03048	1A1		98,531,000		47,781,000		38,224,800		5,954,998		45.27	%		17,303,773		15,573,395.51

00000XXX0	CWF03033	A2		107,951,382		30,000,000		24,000,000		460,627		6.46	%		1,550,066		1,395,059.76

00000XXX0	CWF03046	1A1		250,301,000		200,000,000		160,000,000		14,686,367		20.08	%		32,133,298		28,919,968.42

00000XXX0	CWF03046	2A1		200,196,000		200,196,000		160,156,800		19,772,144		19.85	%		31,789,408		28,610,466.98

00000XX00	CWF03J11	1A2		51,170,000		51,170,000		40,936,000		4,787,560		30.67	%		12,556,664		11,300,997.65

00000XXX0	CWF03037	2A1		377,252,914		151,251,329		121,001,063		10,196,305		17.48	%		21,156,234		19,040,610.41

00000X0X0	CWF04020	3A1		225,736,000		135,736,000		108,588,800		8,052,191		12.21	%		13,263,887		11,937,498.53

00000XXX0	CWF03J14	1A1		107,468,000		82,468,000		65,974,400		5,450,750		27.87	%		18,384,258		16,545,832.26

00000XXX0	CWF03060	3A1		96,243,000		49,243,000		39,394,400		2,852,465		23.31	%		9,183,568		8,265,211.17

00000XXX0	CWR0361R	A3		43,705,666		20,205,666		16,164,533		929,233		20.00	%		3,233,271		2,909,943.45

00000XX00	CWF04012	14A1		41,510,000		41,510,000		33,208,000		1,530,888		7.07	%		2,348,918		2,114,026.14

00000XXX0	CWF04003	A22		93,000,000		32,200,000		25,760,000		—		17.49	%		4,504,877		4,054,389.33

00000XXX0	CWF04004	A22		41,742,967		41,742,967		33,394,374		—		20.62	%		6,887,046		6,198,341.67

00000XXX0	CWF04004	A23		40,000,000		40,000,000		32,000,000		—		20.62	%		6,599,479		5,939,531.48

00000XXX0	CWF04HY2	5A		34,925,000		34,925,000		27,940,000		7,503,646		49.98	%		13,963,466		12,567,119.33

00000XX00	CWF04016	1A2		280,000,000		100,000,000		80,000,000		6,410,706		12.06	%		9,645,334		8,680,800.89

00000XXX0	CWF04007	5A1		52,135,000		28,435,000		22,748,000		1,354,435		9.46	%		2,152,567		1,937,310.47


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	CWF04HY3	1A		123,612,000		5,000,000		4,000,000		232,819		9.95	%		398,190		358,370.71

00000XX00	XXX00XX0	0X0		100,000,000		99,000,000		79,200,000		24,978,700		57.32	%		45,397,980		40,858,181.92

00000XXX0	CWF04023	A		374,455,000		150,000,000		120,000,000		14,254,511		16.19	%		19,422,800		17,480,519.82

00000XX00	CWF05013	A1		139,000,000		102,100,000		81,680,000		—		48.68	%		39,761,157		35,785,041.45

00000XX00	CWF05013	A4		100,000,000		75,000,000		60,000,000		7,863,946		61.16	%		36,698,236		33,028,412.20

00000XXX0	CWF04024	A5		24,039,608		24,039,608		19,231,686		9,335		35.70	%		6,865,895		6,179,305.53

00000XXX0	CWF04024	A8		16,920,686		16,920,686		13,536,549		—		26.92	%		3,643,916		3,279,524.36

00000XX00	XXX00XX0	0X0		49,941,000		49,941,000		39,952,800		12,600,619		57.32	%		22,901,217		20,611,095.59

00000XXX0	CWF04029	2A1		291,782,000		19,926,000		15,940,800		2,130,064		19.16	%		3,053,598		2,748,238.56

00000XXX0	CWF04029	3A1		270,114,000		9,000,000		7,200,000		1,403,983		27.09	%		1,950,644		1,755,579.60

00000XXX0	XXX00XX0	0X0		84,220,000		59,220,000		47,376,000		8,182,253		25.39	%		12,030,310		10,827,278.66

00000XX00	XXX00XX0	0X0		51,983,000		51,983,000		41,586,400		4,127,658		52.49	%		21,829,670		19,646,703.25

00000XXX0	CWF05004	5A1		148,821,000		73,821,000		59,056,800		13,588,046		31.88	%		18,827,076		16,944,368.60

00000XXX0	CWF05007	2A1		382,964,000		16,316,000		13,052,800		1,258,974		14.32	%		1,869,366		1,682,429.04

00000XXX0	CWF05002	2A2		160,830,000		150,830,000		120,664,000		19,222,563		22.73	%		27,422,033		24,679,829.54

00000XX00	CWF05015	A3		60,000,000		30,830,000		24,664,000		2,361,756		54.79	%		13,513,946		12,162,551.32

00000XXX0	XXX00XX0	0X0		37,131,000		13,131,000		10,504,800		2,466,418		32.04	%		3,366,124		3,029,511.44


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	CWF05005	A6		260,800,000		75,000,000		60,000,000		1,192,756		47.85	%		28,707,703		25,836,932.72

00000XXX0	CWF05001	2A3		150,000,000		150,000,000		120,000,000		18,964,953		24.19	%		29,023,118		26,120,806.13

00000XXX0	CWF05006	1A1		51,666,666		51,666,666		41,333,333		6,513,513		57.35	%		23,706,629		21,335,965.72

00000XXX0	CWF05003	1A1		275,000,000		275,000,000		220,000,000		43,955,074		26.85	%		59,076,137		53,168,523.21

00000XXX0	CWF05011	4A1		246,078,000		49,315,000		39,452,000		7,049,721		24.44	%		9,643,721		8,679,348.73

00000XXX0	CWF05011	4A2		105,461,000		17,785,000		14,228,000		2,494,840		24.45	%		3,478,182		3,130,364.21

00000XXX0	CWF05011	6A1		191,542,000		9,452,000		7,561,600		942,917		17.08	%		1,291,150		1,162,035.36

00000XX00	CWF05J02	3A11		52,125,000		52,125,000		41,700,000		2,978,026		61.40	%		25,603,234		23,042,910.91

00000XXX0	CWF05HY2	2A		305,287,000		174,037,000		139,229,600		42,201,329		48.66	%		67,753,045		60,977,740.29

00000XXX0	CWF05012	2A4		327,000,000		70,165,000		56,132,000		9,568,922		62.62	%		35,151,059		31,635,952.85

00000XX00	XXX00XX0	0X0		210,748,000		210,748,000		168,598,400		70,689,924		67.26	%		113,406,693		102,066,023.30

00000XXX0	CWF05009	1A2		200,000,000		200,000,000		160,000,000		29,549,413		26.82	%		42,918,370		38,626,532.93

00000XXX0	CWF06R01	AF2		115,824,000		49,824,000		39,859,200		9,083,319		57.44	%		22,894,620		20,605,158.13

00000XXX0	CND04002	A2		47,575,358		47,575,358		38,060,286		—		32.89	%		12,517,447		11,265,702.25

00000X0X0	CMF03S05	A3		14,000,000		14,000,000		11,200,000		—		30.47	%		3,412,288		3,071,058.94

00000XXX0	CMF03S14	IIA2		57,783,000		37,783,000		30,226,400		—		50.62	%		15,299,140		13,769,226.16

00000XXX0	CMF05S01	1A6		39,000,000		19,000,000		15,200,000		—		53.45	%		8,124,137		7,311,722.97

00000XXX0	CMF05S02	A21		100,000,000		100,000,000		80,000,000		—		60.76	%		48,606,221		43,745,598.86


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	CMF05A01	2A2		463,945,800		127,000,000		101,600,000		3,322,154		47.84	%		48,609,297		43,748,366.88

00000XXX0	CMF05A02	2A1		167,245,500		167,245,500		133,796,400		29,741,865		71.38	%		95,505,753		85,955,177.91

00000XXX0	CMF06S04	A14		71,200,000		26,200,000		20,960,000		3,039,050		65.73	%		13,776,877		12,399,189.38

000000XX0	CMF07A01	13A1		180,075,000		83,075,000		66,460,000		12,969,814		74.66	%		49,615,826		44,654,243.08

00000XXX0	CMF06S02	2A8		101,372,000		101,372,000		81,097,600		—		2.22	%		1,799,202		1,619,281.43

00000XXX0	XXX00X00	0X0		324,171,000		75,000,000		60,000,000		1,146,387		44.34	%		26,603,620		23,943,257.64

00000XXX0	CMF07S03	1A13		175,000,000		175,000,000		140,000,000		37,056,875		81.74	%		114,440,686		102,996,617.35

00000XXX0	CMF07S03	1A18		178,572,000		123,000,000		98,400,000		40,681,013		87.61	%		86,203,459		77,583,113.49

00000XXX0	CFX06002	A2B		103,408,200		28,300,000		22,640,000		11,088,988		100.00	%		22,640,000		20,376,000.00

00000XXX0	CFX05001	1A2		33,080,000		33,080,000		26,464,000		6,049,723		48.79	%		12,913,008		11,621,707.20

000000XX0	CTB8600J	A		119,385,654		15,626,394		12,501,116		—		0.16	%		19,924		17,931.60

000000XX0	CTB8600P	A		123,841,901		17,777,424		14,221,940		—		0.47	%		66,349		59,713.92

000000XX0	CTB8700A	A1		104,022,815		5,001,097		4,000,877		—		0.50	%		19,878		17,889.84

000000XX0	CTB8700B	A1		123,081,951		20,001,129		16,000,904		—		0.59	%		94,802		85,322.15

0000000X0	CMS06001	IA7		317,941,811		150,000,000		120,000,000		13,375,700		78.46	%		94,148,197		84,733,377.48

000000X00	CMS04005	IVA1		87,569,015		39,444,015		31,555,212		—		52.65	%		16,612,637		14,951,373.64

000000X00	CMS04009	1A10		102,565,926		76,565,926		61,252,741		—		48.83	%		29,909,473		26,918,525.57


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
000000X00	CMS05005	IA9		98,839,000		92,839,000		74,271,200		—		63.73	%		47,331,588		42,598,429.59

000000XX0	CMS04005	IA30		19,717,646		19,717,646		15,774,117		—		55.47	%		8,749,256		7,874,329.98

00000XX00	CML05007	1A4		74,921,000		74,921,000		59,936,800		21,152,027		58.34	%		34,969,804		31,472,823.47

00000XXX0	CML03UP3	A2		181,487,000		30,000,000		24,000,000		2,029,230		15.75	%		3,779,455		3,401,509.68

00000XXX0	CML03001	IIA1		150,750,000		55,750,000		44,600,000		—		43.59	%		19,442,970		17,498,672.90

00000XX00	CML05008	IA3A		95,299,000		95,299,000		76,239,200		37,039,562		71.79	%		54,732,718		49,259,446.08

00000XXX0	CML04001	1A3		6,243,125		6,243,125		4,994,500		301,401		16.16	%		807,193		726,473.52

00000XX00	CML05009	II12A2		94,800,000		20,000,000		16,000,000		6,871,005		63.81	%		10,210,281		9,189,252.72

00000XX00	CML05012	IIA2		4,377,125		4,377,125		3,501,700		2,378,695		71.24	%		2,494,534		2,245,080.96

00000XXX0	CML06AR5	1A5A		258,217,000		50,000,000		40,000,000		17,645,229		75.62	%		30,246,051		27,221,445.72

00000XXX0	CMS07003	IA5		100,000,000		100,000,000		80,000,000		5,080,162		82.88	%		66,307,736		59,676,962.26

00000XXX0	CML07006	2A4		78,757,000		39,378,500		31,502,800		15,214,662		85.41	%		26,906,763		24,216,086.88

00000XXX0	XXX00X00	XX00		50,655,000		4,000,000		3,200,000		1,381,499		81.42	%		2,605,511		2,344,960.08

00000XX00	CSF02009	IA1		244,598,300		30,000,000		24,000,000		653,815		3.70	%		887,532		798,778.80

00000X0X0	CSF04AR1	IIA1		138,555,000		69,765,000		55,812,000		4,043,493		14.94	%		8,335,702		7,502,131.72

00000XXX0	CSF03021	IIIA1		137,888,000		50,000,000		40,000,000		—		5.40	%		2,158,869		1,942,982.53

00000XX00	CSF03A28	IIA1		301,756,000		114,756,000		91,804,800		7,484,355		17.53	%		16,092,149		14,482,934.15

00000XXX0	CSF04003	IIIA1		83,004,700		37,004,700		29,603,760		—		16.12	%		4,771,109		4,293,997.87


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	CSF04AR5	2A1		100,000,000		100,000,000		80,000,000		15,447,707		40.21	%		32,170,488		28,953,439.06

00000XXX0	CSF04AR6	2A1		191,240,000		116,240,000		92,992,000		16,323,412		38.19	%		35,513,224		31,961,901.19

00000XXX0	CSF04AR7	2A1		287,200,000		48,875,000		39,100,000		5,387,263		29.14	%		11,393,453		10,254,107.74

00000XXX0	CSF04005	IA8		56,768,629		29,210,000		23,368,000		—		11.90	%		2,781,025		2,502,922.06

0000000X0	CSF05008	IVA1		46,286,826		46,286,826		37,029,461		19,928,234		66.71	%		24,703,379		22,233,041.28

0000000X0	CSF05008	VA1		30,000,000		18,181,818		14,545,454		6,889,770		65.56	%		9,535,663		8,582,096.81

0000000X0	CSF05008	VIIIA1		76,152,853		49,452,853		39,562,282		12,232,458		43.16	%		17,075,353		15,367,817.52

0000000X0	CSF05009	IVA1		29,000,000		29,000,000		23,200,000		11,406,676		73.17	%		16,975,728		15,278,155.20

000000XX0	CSF05002	VA1		74,375,711		73,375,711		58,700,569		—		12.44	%		7,301,765		6,571,588.70

000000XX0	CSF05003	IIIA9		21,417,856		10,232,143		8,185,714		1,161,292		68.37	%		5,596,204		5,036,583.90

000000XX0	CSF05003	IIIA13		65,743,014		55,743,014		44,594,411		—		48.17	%		21,479,739		19,331,765.04

000000XX0	CSF05004	IIA1		50,000,000		50,000,000		40,000,000		12,566,202		54.48	%		21,791,401		19,612,260.72

000000XX0	CSF05005	IIIA1		20,235,134		20,235,134		16,188,107		5,505,445		57.38	%		9,288,742		8,359,868.16

000000XX0	CSF05005	IIIA2		66,486,866		66,486,866		53,189,493		18,089,319		57.38	%		30,520,151		27,468,136.30

000000XX0	CSF05010	XA3		59,668,000		17,668,000		14,134,400		4,952,249		49.39	%		6,981,370		6,283,232.64

000000X00	CSM06003	2A10		33,934,671		33,934,671		27,147,737		5,014,355		71.45	%		19,396,105		17,456,494.43

000000X00	CSM06003	4A3		126,842,082		96,842,082		77,473,666		15,111,723		78.18	%		60,572,478		54,515,230.23


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
000000XX0	CSF05012	3A1		100,904,862		100,904,862		80,723,890		26,410,575		50.85	%		41,044,106		36,939,695.75

000000XX0	CSM06001	1A2		14,646,924		14,646,924		11,717,539		8,970,124		97.49	%		11,423,463		10,281,116.88

000000XX0	CSM06001	1A3		154,772,000		114,772,000		91,817,600		28,625,309		65.87	%		60,480,563		54,432,507.12

000000XX0	CSM06002	2A1		70,814,000		70,814,000		56,651,200		11,511,100		72.58	%		41,116,082		37,004,473.81

000000XX0	CSM06002	6A1		94,096,000		94,096,000		75,276,800		17,174,796		75.25	%		56,644,950		50,980,455.43

0000X0XX0	CSF04007	IIA2		100,000,000		100,000,000		80,000,000		—		11.56	%		9,248,175		8,323,357.46

0000X0XX0	CSF04007	IIA5		28,450,009		28,450,009		22,760,007		1,209,390		24.84	%		5,653,394		5,088,054.73

00000XXX0	CSM06007	3A1		51,902,285		51,902,285		41,521,828		12,268,922		64.86	%		26,931,325		24,238,192.69

00000XXX0	CSM06007	9A3		2,575,500		2,575,500		2,060,400		—		68.72	%		1,415,872		1,274,284.80

00000XXX0	CSMC2006-7	PP		100		100		80		—		100.00	%		80		72.00

00000XXX0	CSM07005	3A1		90,000,000		50,000,000		40,000,000		27,117,626		89.98	%		35,990,010		32,391,008.64

00000XXX0	CSM07005	3A2		22,500,000		12,500,000		10,000,000		6,779,407		89.98	%		8,997,502		8,097,752.16

00000XXX0	CWA06O16	A5		182,316,000		17,316,000		13,852,800		3,571,444		69.72	%		9,657,598		8,691,837.84

00000XXX0	DSLA06A1	2A1B		138,827,000		29,500,000		23,600,000		8,157,685		57.75	%		13,628,663		12,265,796.42

00000XXX0	DSLA07A1	2A1B		111,804,000		29,303,000		23,442,400		11,792,842		85.92	%		20,141,259		18,127,133.04

00000XXX0	DAA07OA2	A2		99,958,000		99,958,000		79,966,400		45,658,914		83.43	%		66,717,160		60,045,443.84

00000XXX0	DAA07OA3	A1		745,364,000		150,000,000		120,000,000		79,213,282		92.75	%		111,295,177		100,165,659.26

00000XXX0	DAA07OA3	A2		310,568,000		193,000,000		154,400,000		101,958,160		92.78	%		143,251,880		128,926,692.10


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	XXX00XX0	X0X		165,000,000		40,133,818		32,107,054		13,006,633		58.34	%		18,730,803		16,857,722.95

000000XX0	XXX00XX0	X0X		205,500,000		9,950,000		7,960,000		937,139		34.49	%		2,745,676		2,471,108.40

00000XXX0	XXX00XX0	XX0X		420,000,000		52,787,000		42,229,600		27,010,568		90.30	%		38,133,479		34,320,130.84

00000XXX0	XXX00XX0	X0X		312,883,000		214,883,000		171,906,400		110,273,694		90.11	%		154,898,299		139,408,468.93

000000XX0	DMS04003	IIAR2		134,639,000		31,139,000		24,911,200		764,659		6.46	%		1,610,218		1,449,195.86

000000XX0	DMS04004	VAR1		62,919,400		36,619,400		29,295,520		8,007,541		44.26	%		12,967,583		11,670,825.07

000000XX0	DMS04005	A3		76,500,000		25,000,000		20,000,000		11,172,652		100.00	%		20,000,000		18,000,000.00

00000X0X0	FHMT04A3	IA1		24,469,000		5,000,000		4,000,000		757,966		26.42	%		1,056,767		951,090.30
00000X0X0	FHMT0405	IIAPO		486,965		486,965		389,572		17,397		29.34	%		114,294		102,864.96

00000X0X0	FHAT04F1	IAPO		2,584,052		2,584,052		2,067,242		450,719		42.43	%		877,039		789,335.28
00000X0X0	FHAT04F1	IIAPO		293,487		293,487		234,790		46,935		54.31	%		127,517		114,765.12
00000X0X0	FHAT04F1	IIIAPO		947,071		947,071		757,657		71,370		32.58	%		246,847		222,162.48

00000XX00	FHMT03A3	IIA1		286,928,000		200,000,000		160,000,000		17,006,727		22.74	%		36,388,406		32,749,565.33

00000XXX0	FHMT03A1	IIA1		189,643,000		75,143,000		60,114,400		—		3.49	%		2,098,285		1,888,456.30

00000XXX0	FHAT04A4	A1		392,180,000		162,180,000		129,744,000		27,565,032		30.02	%		38,945,656		35,051,090.13

00000XXX0	FHAT04A5	IIA1		87,581,000		87,581,000		70,064,800		12,109,321		26.66	%		18,677,350		16,809,615.40

00000XXX0	FHAT04F2	IAPO		6,367,365		6,367,365		5,093,892		1,464,354		50.58	%		2,576,743		2,319,068.88
00000XXX0	FHAT04F2	IIAPO		140,219		140,219		112,175		40,526		64.51	%		72,366		65,129.76

00000XXX0	FHAT04F2	IIIAPO		1,682,717		1,682,717		1,346,174		496,983		70.19	%		944,883		850,394.88


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	FHMT04F1	1A1		55,976,000		25,976,000		20,780,800		1,009,560		5.03	%		1,044,971		940,474.07

00000XXX0	FHAT05F1	IA7		10,150,000		10,150,000		8,120,000		10,415,077		124.55	%		10,113,059		9,101,752.77

00000XXX0	FHAT05F1	IAPO		1,624,632		1,624,632		1,299,706		464,073		63.43	%		824,349		741,913.92
00000XXX0	FHAT05F1	IIAPO		361,050		361,050		288,840		87,583		56.77	%		163,967		147,570.48

00000XXX0	FHMT0501	IA2		15,000,000		15,000,000		12,000,000		373,818		55.43	%		6,651,927		5,986,734.65

00000XXX0	FHAT05F2	IAPO		1,559,866		1,559,865		1,247,892		436,049		70.21	%		876,156		788,540.40
00000XXX0	FHAT05F2	IIAPO		574,844		574,844		459,875		112,814		56.50	%		259,815		233,833.68

00000XXX0	FHAT05F3	IAPO		3,038,564		3,038,564		2,430,851		883,771		69.54	%		1,690,296		1,521,266.40
00000XXX0	FHAT05F3	IIAPO		430,690		430,690		344,552		80,304		54.08	%		186,326		167,693.04

00000XXX0	FHAT05F4	IAPO		2,167,001		2,167,001		1,733,601		752,327		73.09	%		1,267,116		1,140,404.40
00000XXX0	FHAT05F4	IIAPO		259,719		259,719		207,775		56,928		59.39	%		123,404		111,063.60

00000XX00	FHAT06F1	IA3		110,907,000		50,000,000		40,000,000		18,273,816		80.87	%		32,347,220		29,112,497.60

00000XXX0	FHAT06R2	A1		114,341,872		59,341,872		47,473,498		19,063,841		71.58	%		33,983,726		30,585,353.78

00000XXX0	FHAT06F6	IA5		103,500,000		96,000,000		76,800,000		27,272,049		61.24	%		47,031,320		42,328,187.64

00000XXX0	FHAT06A4	2AB3		12,212,000		12,212,000		9,769,600		—		51.57	%		5,038,371		4,534,534.08

00000XXX0	FHAT06F5	A3		205,000,000		21,300,000		17,040,000		4,179,954		50.49	%		8,603,442		7,743,097.97

00000XXX0	FHM07AR2	IIIA1		27,660,000		27,660,000		22,128,000		8,401,544		88.96	%		19,684,601		17,716,140.55

00000XXX0	FHM07AR3	IIA2		88,472,000		28,472,000		22,777,600		8,053,900		84.11	%		19,158,872		17,242,985.03

00000XXX0	GMM06AR2	5A1A		58,372,300		38,372,300		30,697,840		8,079,501		69.60	%		21,365,251		19,228,725.65


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000X0X0	GMM04J06	2A1		148,359,556		35,000,000		28,000,000		0		42.29	%		11,840,848		10,656,763.31

00000X0X0	GSR0406F	IIA8		35,246,000		35,246,000		28,196,800		—		100.00	%		28,196,800		25,377,120.00

00000XXX0	GSM98004	A		94,317,057		15,000,000		12,000,000		706,146		8.98	%		1,077,176		969,458.40

00000XXX0	GSM99002	A		120,124,000		10,000,000		8,000,000		453,015		8.98	%		718,156		646,340.40

00000XXX0	GSRP0301	A3		116,356,000		20,000,000		16,000,000		144,679		6.71	%		1,073,586		966,227.04

00000XX00	GSR04005	2A1		192,070,000		79,000,000		63,200,000		10,177,332		27.47	%		17,361,370		15,625,232.97

00000XXX0	GSR03009	A2		160,748,000		57,748,000		46,198,400		3,033,401		15.75	%		7,275,328		6,547,795.04

0000XXXX0	GSR07OA1	2A4		200,000,000		200,000,000		160,000,000		82,441,219		76.96	%		123,141,744		110,827,569.60

0000XXXX0	GSR07OA2	2A1		105,399,000		105,399,000		84,319,200		53,192,546		89.03	%		75,066,935		67,560,241.47

000000XX0	GSR0602F	2A1		110,830,000		70,830,000		56,664,000		13,640,697		78.14	%		44,278,965		39,851,068.54

0000000X0	GSR0601F	2A12		156,139,000		153,639,000		122,911,200		23,280,808		67.56	%		83,038,682		74,734,813.77

000000XX0	GSR0506F	1A2		50,000,000		50,000,000		40,000,000		2,719,930		68.66	%		27,463,292		24,716,962.76

000000XX0	GSR0506F	3A13		100,000,000		100,000,000		80,000,000		5,926,402		57.67	%		46,137,523		41,523,770.95

000000XX0	GSR0506F	3A15		52,150,000		26,000,000		20,800,000		4,060,052		100.00	%		20,800,000		18,720,000.00

000000XX0	GSR05AR4	3A4		205,630,000		205,630,000		164,504,000		18,926,213		47.73	%		78,522,388		70,670,148.77

000000XX0	GSM05RP3	1AF		577,527,000		20,000,000		16,000,000		5,976,249		53.06	%		8,488,805		7,639,924.32

000000XX0	GSR0507F	2A1		83,000,000		83,000,000		66,400,000		—		54.46	%		36,163,907		32,547,516.50


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
000000X00	GSR0509F	2A2		243,272,000		150,000,000		120,000,000		20,825,621		65.93	%		79,110,146		71,199,131.76

000000XX0	GSR05AR6	4A3		175,492,000		175,492,000		140,393,600		3,924,688		56.07	%		78,715,817		70,844,235.14

000000XX0	GSR0508F	2A3		57,429,000		52,429,000		41,943,200		12,832,113		100.00	%		41,943,200		37,748,880.00

000000XX0	GSR0508F	3A4		165,395,000		95,865,000		76,692,000		19,285,186		63.17	%		48,445,120		43,600,607.78

000000XX0	GSAA0620	1A2		158,240,000		17,000,000		13,600,000		10,527,031		100.00	%		13,600,000		12,240,000.00

00000X0X0	GSR05AR3	6A1		360,482,000		75,000,000		60,000,000		19,611,560		58.29	%		34,971,944		31,474,749.96

00000X0X0	GSR0505F	4A7		127,063,000		127,063,000		101,650,400		7,044,121		45.80	%		46,553,973		41,898,575.50

00000XXX0	GSR04009	5A2		44,352,000		44,352,000		35,481,600		—		29.41	%		10,433,532		9,390,179.11

00000XXX0	GSR0501F	1A1		79,000,000		79,000,000		63,200,000		3,265,275		57.41	%		36,284,523		32,656,070.96

00000XXX0	GSR0501F	2A1		145,000,000		110,000,000		88,000,000		—		43.81	%		38,556,368		34,700,731.56

00000XX00	GSR0504F	4A1		40,333,000		40,333,000		32,266,400		—		28.18	%		9,092,050		8,182,844.71

00000XXX0	GSM05RP1	1AF		685,201,000		25,000,000		20,000,000		6,071,117		43.80	%		8,759,281		7,883,353.08

000000XX0	GSR0604F	6A3		7,068,000		7,068,000		5,654,400		1,305,071		69.43	%		3,926,050		3,533,444.64

00000XXX0	GSR06AR2	4A1		190,796,000		80,285,000		64,228,000		27,288,475		72.14	%		46,336,220		41,702,598.22

00000XXX0	GSR0607F	3A5		78,342,000		25,000,000		20,000,000		3,362,961		71.72	%		14,343,696		12,909,326.27

00000XXX0	GPM04001	A		264,502,000		39,502,000		31,601,600		6,688,449		37.08	%		11,716,620		10,544,958.22

00000XXX0	GPM06OH1	A2		109,120,000		10,000,000		8,000,000		2,044,034		83.51	%		6,680,410		6,012,368.64

00000XXX0	GPM07AR2	2A1		440,936,000		135,936,000		108,748,800		67,999,477		94.87	%		103,167,768		92,850,991.57


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	GPM07AR2	2A2		139,652,000		94,652,000		75,721,600		38,644,125		94.87	%		71,835,537		64,651,983.62

00000XXX0	GPM07AR3	A1		299,768,000		65,000,000		52,000,000		32,924,825		97.88	%		50,896,017		45,806,414.94

00000XXX0	GPM07AR3	A2		113,460,000		113,460,000		90,768,000		52,986,645		97.88	%		88,840,955		79,956,859.06

00000XX00	HVML0601	2A1A		623,909,000		10,000,000		8,000,000		3,449,879		60.96	%		4,877,182		4,389,463.44

00000XX00	HVML0601	2A1B		259,961,000		59,961,000		47,968,800		18,016,975		60.97	%		29,248,719		26,323,846.86

00000XXX0	HVML0401	3A		116,844,000		102,000,000		81,600,000		16,405,660		57.50	%		46,919,549		42,227,594.02

00000XXX0	HVML0401	4A		97,485,000		45,000,000		36,000,000		5,865,479		65.59	%		23,611,710		21,250,538.76

00000XXX0	HVML0402	2A1		369,107,000		53,750,000		43,000,000		2,010,973		7.92	%		3,406,830		3,066,147.28

00000XXX0	HVML0406	4A		200,513,000		50,000,000		40,000,000		6,548,240		26.96	%		10,783,845		9,705,460.68

00000XX00	XXXX00X0	0X0X		111,032,000		19,800,000		15,840,000		7,037,120		68.45	%		10,841,742		9,757,568.11

00000XXX0	HVML0408	2A4A		236,026,000		20,000,000		16,000,000		1,712,877		15.26	%		2,441,915		2,197,723.61

00000XXX0	HVML0408	3A1		64,707,000		50,000,000		40,000,000		2,851,096		11.73	%		4,693,963		4,224,566.84

00000XXX0	HVML0409	2A		142,015,000		142,015,000		113,612,000		9,527,019		11.99	%		13,623,645		12,261,280.35

00000XXX0	HVML0409	4A2		250,000,000		150,000,000		120,000,000		18,003,790		20.60	%		24,718,788		22,246,909.63

00000XXX0	HVML0410	3A1A		232,291,000		30,000,000		24,000,000		1,792,044		10.80	%		2,590,968		2,331,871.57

00000XXX0	HVML0411	3A1B		55,877,000		17,806,000		14,244,800		1,871,623		19.88	%		2,832,495		2,549,245.44

00000XXX0	HVML0411	3A4		39,550,000		25,000,000		20,000,000		2,668,409		19.88	%		3,976,883		3,579,194.43


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XXX0	HVML0501	2A1A		420,370,000		10,000,000		8,000,000		1,241,554		21.93	%		1,754,435		1,578,991.68

00000XXX0	HVML0503	2A2		64,776,000		64,776,000		51,820,800		12,102,669		32.07	%		16,617,321		14,955,588.86

00000XXX0	HVML0508	1A2B		170,036,000		50,000,000		40,000,000		13,317,091		44.41	%		17,762,752		15,986,477.16

00000XXX0	HVML0508	2A2		166,345,000		150,000,000		120,000,000		23,605,637		29.15	%		34,980,613		31,482,551.56

00000XXX0	HVML0511	2A1B		103,606,000		40,000,000		32,000,000		7,120,090		33.61	%		10,754,626		9,679,163.41

00000XXX0	HVML0513	2A1B		149,311,000		79,311,000		63,448,800		18,230,621		39.15	%		24,838,366		22,354,529.29

00000XXX0	HVML0514	4A1A		119,491,000		119,491,000		95,592,800		48,204,842		73.88	%		70,626,160		63,563,543.61

00000XXX0	HVML0515	2A1B		113,240,000		68,240,000		54,592,000		10,618,480		31.23	%		17,048,706		15,343,835.21

00000XXX0	HVML0515	3A1B		60,181,000		60,181,000		48,144,800		15,807,946		50.63	%		24,376,554		21,938,898.26

00000XXX0	HVML0516	3A1B		188,978,000		90,978,000		72,782,400		20,431,490		39.03	%		28,405,609		25,565,048.39

00000XXX0	HVML0609	2A1B2		244,543,000		45,000,000		36,000,000		16,587,860		68.23	%		24,564,586		22,108,127.23

00000XXX0	HVML06S1	A1A		299,170,000		110,000,000		88,000,000		39,980,905		65.76	%		57,864,537		52,078,083.31

000000XX0	HVML0707	2A1A		539,536,000		90,000,000		72,000,000		41,445,498		89.78	%		64,643,496		58,179,146.18

00000XXX0	HVML0702	2A1A		541,251,000		172,000,000		137,600,000		70,152,865		88.61	%		121,921,158		109,729,042.53

00000XXX0	HVML0702	2A1B		225,520,000		50,000,000		40,000,000		16,263,201		88.61	%		35,442,197		31,897,977.48

00000XXX0	HVML0701	2A1B		244,880,000		60,000,000		48,000,000		21,715,843		68.86	%		33,051,586		29,746,426.95

00000XXX0	HVML0703	2A1A		285,874,000		35,000,000		28,000,000		13,980,832		82.09	%		22,985,114		20,686,602.79

00000XXX0	HVML0703	2A1B		119,113,000		119,113,000		95,290,400		47,582,344		82.09	%		78,227,506		70,404,755.84


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	HVML0704	2A1		394,669,000		50,000,000		40,000,000		22,883,577		86.93	%		34,772,740		31,295,466.18

00000XXX0	HVML0704	2A2		164,446,000		164,446,000		131,556,800		75,262,253		86.93	%		114,364,761		102,928,284.63

00000XXX0	HVML0705	A1A		629,826,000		25,683,078		20,546,462		14,657,063		96.00	%		19,724,919		17,752,427.38

00000XXX0	HVML0705	A1B		262,428,000		165,000,000		132,000,000		94,166,908		96.00	%		126,726,249		114,053,624.11

00000XXX0	HVML0706	2A1A		240,309,000		120,309,000		96,247,200		56,444,816		92.18	%		88,722,476		79,850,228.31

00000XXX0	HMT04002	A1		687,048,300		80,000,000		64,000,000		11,638,586		25.84	%		16,540,049		14,886,043.66

00000XXX0	HMT05003	A1		831,908,000		10,000,000		8,000,000		2,715,447		50.92	%		4,073,813		3,666,431.52

00000XXX0	HALO07A2	IIIA1		99,164,000		99,164,000		79,331,200		35,912,103		90.52	%		71,807,948		64,627,153.04

00000XXX0	IMHE0311	1A1		803,803,000		30,000,000		24,000,000		955,023		6.12	%		1,468,506		1,321,655.53

00000XXX0	IMHE0404	1A1		634,302,000		20,000,000		16,000,000		941,858		9.10	%		1,455,758		1,310,181.84

00000XXX0	ISC03002	A2		47,498,000		44,500,000		35,600,000		4,405,845		22.79	%		8,114,265		7,302,838.50

00000XXX0	INX05AR2	2A2A		188,365,000		83,365,000		66,692,000		8,323,158		19.90	%		13,271,641		11,944,476.58

00000XXX0	INX05AR2	2A2B		33,242,000		16,000,000		12,800,000		1,597,439		19.90	%		2,547,187		2,292,468.38

00000XXX0	INX05AR4	2A1B		87,931,000		20,000,000		16,000,000		2,143,687		24.31	%		3,888,984		3,500,086.00

00000XXX0	INX05AR4	2A2		33,885,000		10,000,000		8,000,000		801,554		24.31	%		1,944,508		1,750,057.60

00000XXX0	RAS050A1	A1		328,508,000		103,508,000		82,806,400		13,621,571		39.83	%		32,977,791		29,680,012.25

00000XXX0	INX05AR6	2A2		216,944,000		90,000,000		72,000,000		13,184,755		28.85	%		20,771,210		18,694,089.21


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XXX0	RAS05A8C	A1		40,804,000		40,804,000		32,643,200		5,296,292		40.56	%		13,240,498		11,916,448.57

00000XXX0	INA05AR1	3A1		113,200,000		30,000,000		24,000,000		9,921,488		77.44	%		18,584,426		16,725,983.07

00000X0X0	INX04AR8	2A2A		460,700,000		38,626,000		30,900,800		2,320,263		12.95	%		4,001,784		3,601,605.32

00000X0X0	INX04A10	2A1		100,000,000		95,000,000		76,000,000		1,561,073		4.49	%		3,414,945		3,073,450.78

00000X0X0	INX04A12	A1		338,000,000		30,000,000		24,000,000		2,195,947		13.22	%		3,173,822		2,856,440.01

00000XX00	RAS040A2	2A1		59,730,000		59,730,000		47,784,000		3,571,177		12.98	%		6,202,034		5,581,830.96

00000XX00	RAS040A3	A1		106,813,929		106,813,929		85,451,143		4,335,019		38.70	%		33,071,790		29,764,611.05

00000XXX0	RAS030A8	A2		172,685,539		42,000,000		33,600,000		2,385,933		26.13	%		8,779,174		7,901,256.98

00000XXX0	RAS03A10	A1		406,803,900		50,750,000		40,600,000		2,863,529		32.43	%		13,164,918		11,848,426.60

00000XXX0	RAS03A11	A2		62,154,400		37,154,400		29,723,520		1,715,984		17.22	%		5,119,122		4,607,209.45

00000XX00	RAS040R2	A4		49,453,000		49,453,000		39,562,400		2,810,613		31.91	%		12,624,531		11,362,077.73

00000XXX0	RAS03A13	A4		128,750,000		43,750,000		35,000,000		345,414		16.52	%		5,781,348		5,203,213.19

00000XXX0	INX06A11	5A1		118,478,000		25,000,000		20,000,000		7,554,000		69.59	%		13,918,350		12,526,515.36

00000XXX0	INA06AR3	1A1		213,692,000		57,097,000		45,677,600		21,960,662		76.00	%		34,715,242		31,243,717.66

00000XXX0	INA06AR3	2A1		107,754,000		50,000,000		40,000,000		16,305,493		72.59	%		29,034,498		26,131,048.16

00000XXX0	INX06A31	A3		98,574,000		73,574,000		58,859,200		24,464,232		71.88	%		42,306,391		38,075,752.00

00000XXX0	INX06A33	2A11		84,758,000		64,758,000		51,806,400		16,625,615		66.19	%		34,292,412		30,863,170.60

00000XXX0	INX07FL2	A2		81,947,000		31,947,000		25,557,600		16,365,296		91.16	%		23,298,158		20,968,342.28


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	INX07FL5	2A2		102,934,000		102,934,000		82,347,200		55,025,953		96.70	%		79,631,091		71,667,981.75

00000XXX0	INX07A21	8A1		240,528,000		90,000,000		72,000,000		34,810,796		88.17	%		63,481,938		57,133,743.79

00000XXX0	IMSC07H1	A11		168,288,000		100,000,000		80,000,000		49,655,913		88.38	%		70,701,660		63,631,494.43

00000XXX0	INX07FL6	2A1		215,935,200		40,000,000		32,000,000		20,285,856		98.12	%		31,397,175		28,257,457.77

000000XX0	JPM03A01	4A3		20,262,100		15,262,100		12,209,680		—		69.12	%		8,439,880		7,595,891.71

000000XX0	JPM03A02	2A2		50,217,100		12,217,100		9,773,680		—		72.67	%		7,102,840		6,392,555.65

000000XX0	JPM04A01	5A1		163,371,600		19,000,000		15,200,000		1,139,410		18.17	%		2,761,995		2,485,795.34

000000XX0	JPM04A03	3A1		25,000,000		25,000,000		20,000,000		—		14.68	%		2,936,102		2,642,491.37

000000XX0	JPM04S01	1A8		18,461,700		18,461,700		14,769,360		1,603,626		47.72	%		7,047,932		6,343,138.59

000000X00	JPM06A01	3A1		119,738,900		119,738,900		95,791,120		—		47.69	%		45,679,109		41,111,198.40

000000XX0	JPM04A06	5A1		23,833,300		23,833,300		19,066,640		3,098,987		50.07	%		9,546,832		8,592,149.02

000000X00	JPM06A02	2A1		500,131,400		200,000,000		160,000,000		32,145,499		64.23	%		102,762,799		92,486,519.28

000000XX0	JPM04S02	2A9		34,889,100		34,889,100		27,911,280		—		34.71	%		9,688,840		8,719,955.85

000000X00	JPM06S01	2A2		76,089,000		76,089,000		60,871,200		8,054,955		67.25	%		40,933,957		36,840,561.53

000000X00	JPM06S01	2A4		52,774,400		52,024,400		41,619,520		5,936,897		66.54	%		27,694,255		24,924,829.86

000000XX0	JPM05A03	6A4		61,218,800		61,218,800		48,975,040		4,402,005		37.74	%		18,482,783		16,634,504.62

000000XX0	JPM05A04	4A1		167,264,850		167,264,850		133,811,880		—		51.84	%		69,369,337		62,432,403.14


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
000000XX0	JPM05S02	2A7		100,000,000		100,000,000		80,000,000		—		64.23	%		51,386,948		46,248,253.13

000000XX0	JPM05A07	2A4		99,374,900		99,374,900		79,499,920		10,463,419		70.45	%		56,008,867		50,407,980.57

000000XX0	JPM05S03	1A10		138,678,600		138,678,600		110,942,880		23,164,947		60.18	%		66,767,645		60,090,880.64

00000XXX0	JMA05A02	3A2		39,489,000		7,244,000		5,795,200		1,462,166		53.47	%		3,098,484		2,788,635.60

00000XXX0	JMA06S01	3A2		77,526,000		23,452,000		18,761,600		8,455,267		100.00	%		18,761,600		16,885,440.00

00000XXX0	JPM06S02	3A5		115,131,866		110,000,000		88,000,000		12,773,886		73.94	%		65,067,389		58,560,649.73

00000XXX0	JPM06A05	3A4		130,333,000		34,108,000		27,286,400		2,958,375		53.40	%		14,570,517		13,113,464.91

00000XXX0	JPM07A03	3A1		150,000,000		150,000,000		120,000,000		48,221,045		81.99	%		98,386,997		88,548,297.55

00000XXX0	LMT05001	4A7		1,339,231		1,339,231		1,071,385		1,071,333		100.00	%		1,071,361		964,224.72

00000XXX0	LMT05002	3A1		85,000,000		59,000,000		47,200,000		27,789,591		74.95	%		35,378,512		31,840,660.81

00000XXX0	LMT05002	5A2		27,365,358		1,000,000		800,000		485,693		88.24	%		705,927		635,334.48

00000XXX0	LMT06005	2A1		181,849,000		25,000,000		20,000,000		8,979,891		71.29	%		14,258,654		12,832,788.24

00000XXX0	LMT07002	1A2		113,818,000		100,000,000		80,000,000		44,531,226		87.88	%		70,306,051		63,275,445.50

000000XX0	LXS05003	3A1A		178,806,000		69,403,000		55,522,400		—		14.71	%		8,165,424		7,348,881.57

000000XX0	LXS0612N	1A1A2		76,947,000		46,947,000		37,557,600		—		100.00	%		37,557,600		33,801,840.00

00000XXX0	LXS0707N	1A1B		266,271,000		190,000,000		152,000,000		98,235,746		92.57	%		140,710,953		126,639,857.98

00000XXX0	LXS0704N	3A1A		212,045,000		212,045,000		169,636,000		88,645,324		86.26	%		146,329,678		131,696,709.80

00000XXX0	LXS0715N	AF2		253,958,000		100,000,000		80,000,000		50,349,152		95.66	%		76,528,419		68,875,576.78


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	LXS0712N	2A1		232,912,000		53,000,000		42,400,000		26,321,904		94.25	%		39,963,105		35,966,794.41

00000XXX0	LXS0712N	2A2		88,857,000		45,000,000		36,000,000		15,666,591		94.25	%		33,930,938		30,537,844.31

00000XXX0	LXS0712N	3A1		123,204,000		123,204,000		98,563,200		65,003,486		98.38	%		96,964,860		87,268,374.28

00000XXX0	LXS0712N	3A2		46,818,000		46,818,000		37,454,400		24,701,578		98.39	%		36,850,195		33,165,175.18

00000XXX0	LXS0720N	A1		275,192,000		150,000,000		120,000,000		79,590,006		93.07	%		111,687,105		100,518,394.18

00000XXX0	LXS0716N	AF2		249,506,000		249,506,000		199,604,800		129,095,590		94.81	%		189,255,232		170,329,709.19

00000XXX0	LXS0718N	AF2		142,135,000		107,135,000		85,708,000		52,569,431		93.61	%		80,234,723		72,211,251.04

000000XX0	LUM06001	A2		129,267,000		28,940,373		23,152,298		8,403,207		53.56	%		12,401,097		11,160,987.23

000000XX0	LUM06002	A1B		179,330,000		20,000,000		16,000,000		5,444,972		55.85	%		8,935,923		8,042,330.45

00000XXX0	LUM06007	IIA1		293,107,000		58,107,000		46,485,600		25,529,199		81.50	%		37,887,055		34,098,349.83

00000XXX0	LUM07001	IA1		371,114,000		60,000,000		48,000,000		19,988,383		69.53	%		33,373,865		30,036,478.32

00000XXX0	MSST0502	2A1		47,924,000		24,924,000		19,939,200		3,326,061		43.05	%		8,583,714		7,725,342.24

000000XX0	MARM0701	I2A2		254,287,000		100,000,000		80,000,000		38,259,366		84.46	%		67,569,702		60,812,732.02

000000XX0	MARM0701	I2A3		295,039,000		240,000,000		192,000,000		104,377,899		84.46	%		162,167,288		145,950,558.91

000000XX0	MARM0406	1A1		39,878,000		39,878,000		31,902,400		—		0.80	%		254,989		229,490.18

000000XX0	MARM0407	3A1		167,639,000		34,515,000		27,612,000		8,170,567		51.38	%		14,188,111		12,769,299.78

000000XX0	MARM0409	2A1		292,310,000		24,772,000		19,817,600		—		0.90	%		178,866		160,979.76


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
000000XX0	MARM0413	3A6		240,000,000		40,000,000		32,000,000		4,949,132		100.00	%		32,000,000		28,800,000.00

0000000X0	MALT0602	2A1		200,000,000		5,000,000		4,000,000		1,280,912		51.73	%		2,069,109		1,862,197.92

000000X00	MALT0501	2A1		63,000,000		59,000,000		47,200,000		16,192,262		54.35	%		25,653,678		23,088,310.58

000000X00	MALT0501	6A4		154,445,000		40,445,000		32,356,000		6,000,805		43.78	%		14,164,813		12,748,331.33

000000XX0	MALT0402	8A1		21,879,500		21,879,500		17,503,600		998,581		24.04	%		4,208,176		3,787,358.41

000000X00	MALT0506	2A1		69,808,000		10,000,000		8,000,000		3,982,272		69.86	%		5,588,662		5,029,796.16

000000XX0	MALT0412	6A2		50,700,000		50,700,000		40,560,000		4,570,193		47.92	%		19,434,634		17,491,171.04

000000XX0	MALT0413	2A1		42,500,000		8,304,000		6,643,200		1,823,240		57.50	%		3,819,555		3,437,599.68

00000XXX0	MAST0411	5A1		7,398,000		7,398,000		5,918,400		29,449		29.59	%		1,751,334		1,576,200.96

00000XXX0	MARM07H2	A1		416,888,000		120,388,000		96,310,400		45,094,183		82.91	%		79,847,055		71,862,349.46

0000000X0	MLCC03F	A1		839,000,000		10,000,000		8,000,000		687,319		11.62	%		929,754		836,778.96

0000000X0	MLCC03H	A1		365,708,000		14,908,000		11,926,400		962,671		11.47	%		1,367,848		1,231,063.20

000000X00	MLCC03B	A1		791,510,000		30,000,000		24,000,000		2,077,094		11.61	%		2,787,326		2,508,593.05

000000X00	MLCC03C	A1		773,795,000		33,000,000		26,400,000		2,028,413		10.64	%		2,810,079		2,529,071.28

00000XXX0	MLCC04A	A1		991,600,000		19,735,000		15,788,000		1,396,527		12.31	%		1,943,262		1,748,936.16

00000XXX0	MLCC04B	A1		569,500,000		15,000,000		12,000,000		1,037,619		11.83	%		1,419,744		1,277,769.60

00000XXX0	MLCC04C	A1		224,818,000		20,000,000		16,000,000		1,564,348		12.75	%		2,039,257		1,835,331.12

00000XXX0	MLCC04H1	A1		157,500,000		47,000,000		37,600,000		2,469,427		8.89	%		3,341,893		3,007,703.90


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	MLCC04D	A1		377,130,000		20,000,000		16,000,000		1,479,479		12.10	%		1,936,325		1,742,692.32

00000XXX0	MLCC04G	A1		306,568,000		12,000,000		9,600,000		566,737		10.12	%		971,070		873,962.64

00000XX00	XXX00X00	X0X0		99,728,000		15,000,000		12,000,000		4,580,235		75.35	%		9,042,127		8,137,914.48

00000XXX0	MLM05A02	A1		230,000,000		50,000,000		40,000,000		12,850,860		60.77	%		24,306,225		21,875,602.68

00000XXX0	MLM05A02	A6		25,000,000		25,000,000		20,000,000		—		18.68	%		3,735,259		3,361,732.81

00000XXX0	MLCC0501	2A4		78,450,000		78,450,000		62,760,000		—		40.96	%		25,703,792		23,133,412.56

00000XXX0	MLM05A04	IIA1		133,885,000		133,885,000		107,108,000		—		19.16	%		20,520,678		18,468,610.57

00000XXX0	MLM05A05	A1		250,000,000		150,000,000		120,000,000		1,417,757		41.65	%		49,979,410		44,981,468.86

000000XX0	MLA07OA5	A1		410,922,800		100,000,000		80,000,000		61,891,849		93.63	%		74,905,771		67,415,194.08

00000XXX0	MLM06A03	VA1		39,359,000		39,359,000		31,487,200		11,393,623		77.21	%		24,311,752		21,880,576.54

00000XXX0	MLA07OA1	A2		99,309,000		99,309,000		79,447,200		53,607,047		81.55	%		64,791,882		58,312,693.51

00000XXX0	MLA07OA2	A2		143,792,000		143,792,000		115,033,600		64,481,084		83.63	%		96,201,524		86,581,371.70

00000XXX0	MLA07OA3	A1		216,169,000		50,000,000		40,000,000		26,516,429		92.02	%		36,809,996		33,128,996.76

00000XXX0	MLA07OA3	A2		90,069,000		90,069,000		72,055,200		36,737,314		92.02	%		66,308,791		59,677,912.18

000000XX0	MSM0616A	3A1		197,408,000		175,408,000		140,326,400		84,359,576		72.93	%		102,346,585		92,111,926.35

00000XXX0	MSM046AR	1A		318,369,000		15,000,000		12,000,000		1,298,338		21.93	%		2,631,541		2,368,386.72

00000XXX0	MSM04004	1A10		75,000,000		71,000,000		56,800,000		6,846,440		43.96	%		24,969,869		22,472,881.96


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XXX0	MSM04004	1A13		137,480,000		134,480,000		107,584,000		5,741,442		39.68	%		42,690,488		38,421,439.15

00000XXX0	MSM05001	4A1		63,240,000		63,240,000		50,592,000		14,579,076		53.78	%		27,206,988		24,486,289.51

00000XXX0	MSM05007	7A6		89,117,000		76,677,000		61,341,600		24,369,543		77.35	%		47,448,247		42,703,422.72

00000XXX0	MSM05010	1A5		52,050,000		52,050,000		41,640,000		6,489,108		60.06	%		25,008,419		22,507,576.68

00000XXX0	MSM068AR	6A1		57,074,000		36,074,000		28,859,200		11,650,107		87.04	%		25,119,225		22,607,302.65

00000XXX0	MSM0714A	2A1		321,118,000		171,118,000		136,894,400		66,680,794		84.31	%		115,414,572		103,873,114.90

00000XXX0	MSM0715A	2A2		42,513,000		42,513,000		34,010,400		22,923,053		90.16	%		30,664,005		27,597,604.76

00000XXX0	MSM0715A	5A1		103,646,000		103,646,000		82,916,800		57,006,410		89.47	%		74,183,765		66,765,388.93

00000XXX0	MIT05001	1A1		665,763,000		7,763,000		6,210,400		1,485,117		37.74	%		2,343,756		2,109,380.40

00000XXX0	XXX00XX0	XX0		105,748,000		30,803,000		24,642,400		5,855,603		43.61	%		10,746,153		9,671,537.51

00000XXX0	NAA04R03	AF		77,202,673		67,202,673		53,762,138		15,054,338		39.66	%		21,323,495		19,191,145.71

000000XX0	NCA06AL1	AF3		74,436,000		44,436,000		35,548,800		28,339,839		100.00	%		35,548,800		31,993,920.00

00000XXX0	NAA06AF1	VA		27,133,000		27,133,000		21,706,400		5,060,149		69.46	%		15,077,832		13,570,049.05

00000XXX0	OMAC0504	IA2		95,006,000		20,006,000		16,004,800		4,556,539		47.44	%		7,592,843		6,833,558.88

00000XXX0	XXXX0000	XX0X		219,307,000		20,000,000		16,000,000		6,567,183		100.00	%		16,000,000		14,400,000.00

00000XXX0	PHH06002	A1		25,059,958		25,059,958		20,047,966		2,008,598		74.83	%		15,002,121		13,501,908.88

00000XXX0	PHH06002	A5		93,972,937		93,972,937		75,178,350		6,470,956		63.29	%		47,581,503		42,823,352.59

00000XXX0	PHH06001	A6		44,687,384		44,687,384		35,749,907		2,015,281		55.85	%		19,966,288		17,969,659.64


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XXX0	PHHA0701	II2PO		333,212		333,212		266,570		40,729		88.31	%		235,401		211,860.72

00000XXX0	PHHA0702	2PO		993,618		993,618		794,894		471,397		91.63	%		728,380		655,542.00

00000XXX0	PNC99010	DB1		14,876,134		14,876,134		11,900,907		2,898,603		34.99	%		4,163,875		3,747,487.68

00000XXX0	PNC99010	DB2		7,330,270		7,330,270		5,864,216		1,428,297		34.99	%		2,051,765		1,846,588.32

00000XXX0	PRT05001	A1		122,951,000		122,951,000		98,360,800		—		52.15	%		51,294,689		46,165,219.75

00000XXX0	PRTR0501	2A2		62,306,500		37,306,500		29,845,200		—		58.13	%		17,347,782		15,613,003.80

000000XX0	PFM03001	A		364,182,000		50,000,000		40,000,000		1,901,988		10.42	%		4,169,050		3,752,144.89

00000XXX0	RFC07QH6	A1		336,244,000		152,000,000		121,600,000		77,185,066		94.50	%		114,910,107		103,419,096.35

00000XXX0	RFC07QH6	A2		140,102,000		70,000,000		56,000,000		35,545,754		94.50	%		52,919,128		47,627,215.42

00000XXX0	RFC06QS6	IA1		100,000,000		100,000,000		80,000,000		27,441,142		56.45	%		45,157,047		40,641,342.62

00000XXX0	RFC06Q14	A5		15,384,616		15,384,616		12,307,693		4,711,169		65.95	%		8,117,158		7,305,441.84

00000XXX0	RFC06Q14	A10		5,547,285		5,547,285		4,437,828		2,960,054		100.00	%		4,437,828		3,994,045.20

00000XXX0	RFC07QH1	A1		297,454,000		35,000,000		28,000,000		16,614,870		87.87	%		24,603,956		22,143,559.96

00000XXX0	RFC07QH1	A2		123,939,000		21,939,000		17,551,200		10,414,675		87.87	%		15,422,462		13,880,216.06

00000XXX0	RFC07QH2	A1		197,814,000		37,599,000		30,079,200		17,419,393		90.03	%		27,081,769		24,373,592.43

00000XXX0	RFC07QH2	A2		82,422,000		34,922,000		27,937,600		16,179,155		90.03	%		25,153,583		22,638,224.29

00000XXX0	RFC06Q18	IIA1		597,538,950		25,000,000		20,000,000		8,848,090		69.91	%		13,982,010		12,583,808.64

00000XXX0	RFC07QH4	A2		94,228,000		39,228,000		31,382,400		19,594,928		93.74	%		29,419,300		26,477,369.96


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	RFC07QS8	A7		187,132,500		187,132,500		149,706,000		79,462,008		84.52	%		126,532,933		113,879,639.39
00000XXX0	RFC07QH3	A1		198,727,000		82,000,000		65,600,000		39,078,571		91.41	%		59,966,879		53,970,190.98

000000XX0	RFC07QA5	IIIA1		45,451,200		45,451,200		36,360,960		21,863,738		91.26	%		33,183,187		29,864,868.36

00000XXX0	RFC07QA3	A4		83,563,590		26,331,090		21,064,872		—		78.68	%		16,574,402		14,916,961.64

00000XXX0	RFC07QA3	A5		83,563,590		30,886,590		24,709,272		—		78.68	%		19,441,913		17,497,721.45

00000XXX0	XXX00XX0	X0X		130,000,000		80,000,000		64,000,000		21,264,452		75.69	%		48,439,058		43,595,151.84

00000XXX0	RGC05RP1	IF		241,443,000		63,000,000		50,400,000		15,280,890		44.79	%		22,573,221		20,315,899.26

00000XXX0	RGC0500A	1A		28,268,000		28,268,000		22,614,400		6,808,717		59.54	%		13,464,412		12,117,970.79

00000XXX0	RGC0700A	2A2		112,262,000		112,262,000		89,809,600		40,321,436		79.97	%		71,821,350		64,639,215.23

00000XXX0	RFC06S12	IIA2		267,085,000		150,000,000		120,000,000		14,907,809		65.21	%		78,246,626		70,421,963.11

00000XXX0	RFC07SA1	IIIA		57,954,000		57,954,000		46,363,200		21,822,938		82.94	%		38,455,789		34,610,210.07

00000XXX0	RFC07SA2	IVA		64,756,000		34,756,000		27,804,800		12,965,460		85.40	%		23,745,602		21,371,041.49

00000XXX0	RFC06QO5	IIA1		237,255,000		10,000,000		8,000,000		4,059,413		78.11	%		6,248,657		5,623,790.89

00000XXX0	RFC06QO5	IIA2		118,628,000		12,000,000		9,600,000		2,990,786		78.11	%		7,498,388		6,748,549.07

00000XXX0	RFC06QO6	A2		302,230,000		100,000,000		80,000,000		39,784,117		74.54	%		59,634,205		53,670,784.82

000000XX0	RFC06QO7	IA2		57,713,000		37,713,000		30,170,400		—		79.88	%		24,100,987		21,690,888.67

000000XX0	RFC06Q10	A13		66,810,666		16,810,666		13,448,533		5,633,103		67.35	%		9,057,514		8,151,762.24


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
000000XX0	RFC06Q10	A19		5,293,385		5,293,385		4,234,708		1,915,240		60.86	%		2,577,380		2,319,642.00

00000XXX0	RFC07QO2	A2		48,527,000		18,888,000		15,110,400		134,650		88.82	%		13,421,554		12,079,398.89

00000XXX0	RFC07QS3	A2		300,000,000		300,000,000		240,000,000		113,715,576		79.07	%		189,775,375		170,797,837.46

00000XXX0	RFC07QS6	A1		175,000,000		33,500,000		26,800,000		13,511,041		85.45	%		22,901,186		20,611,067.77

00000XXX0	RFC07QH5	AI2		81,311,000		61,311,000		49,048,800		29,934,677		95.45	%		46,818,716		42,136,844.59

0000000X0	RFC04RS7	AIII		124,375,000		29,375,000		23,500,000		5,080,560		36.66	%		8,615,864		7,754,277.40

000000X00	RFC04RZ1	AII		160,000,000		26,000,000		20,800,000		2,020,242		12.34	%		2,566,859		2,310,173.27

00000X0X0	RFC02Q17	NB1		186,950,000		30,000,000		24,000,000		—		1.24	%		298,478		268,630.56

00000X0X0	RFC02Q19	A2		157,640,000		32,640,000		26,112,000		442,790		8.43	%		2,201,971		1,981,774.08

00000X0X0	RFC03QS1	A9		24,545,454		24,545,454		19,636,363		581,007		9.70	%		1,904,103		1,713,692.89

00000X0X0	RFC03QS2	A7		103,463,750		15,000,000		12,000,000		700,119		11.64	%		1,397,315		1,257,583.73

00000X0X0	RFC03QS5	A2		53,203,411		53,203,411		42,562,729		3,593,192		22.27	%		9,480,182		8,532,163.45

00000X0X0	RFC03QS5	A6		7,812,500		7,812,500		6,250,000		527,632		22.27	%		1,392,090		1,252,880.64

00000XX00	RFC02QS9	A1		40,158,900		20,000,000		16,000,000		226,531		2.62	%		419,522		377,569.40

00000XXX0	RFC01Q16	M1		8,908,700		8,908,700		7,126,960		3,047,155		78.55	%		5,598,092		5,038,282.80

00000XXX0	XXX00X00	X0		2,628,800		2,628,800		2,103,040		912,236		78.57	%		1,652,296		1,487,066.40

00000XX00	RFC02Q14	A10		53,687,571		53,687,571		42,950,057		1,739,051		6.56	%		2,815,579		2,534,021.28

00000X0X0	RFC05QS5	A1		85,000,000		60,000,000		48,000,000		11,064,125		42.13	%		20,220,797		18,198,717.12


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000X0X0	RFC05QS6	A1		148,000,000		148,000,000		118,400,000		21,687,562		48.35	%		57,251,472		51,526,324.71

00000X0X0	RFC05QS6	A4		13,883,333		13,883,333		11,106,666		5,033,697		46.94	%		5,213,278		4,691,949.84

00000X0X0	RFC05QA6	AIII1		25,765,700		25,765,700		20,612,560		4,579,285		44.75	%		9,224,007		8,301,606.04

00000X0X0	RFC05QA7	AII1		209,814,000		69,000,000		55,200,000		19,469,897		47.76	%		26,362,911		23,726,620.28

00000XXX0	RFC03QS8	A4		46,255,230		46,255,230		37,004,184		4,497,702		23.96	%		8,867,454		7,980,708.97

00000XX00	RFC04QR1	A1		160,432,988		135,432,988		108,346,390		11,789,214		35.48	%		38,442,874		34,598,586.91

00000XXX0	RFC03QS9	A2		62,730,625		62,730,625		50,184,500		5,008,936		28.39	%		14,246,243		12,821,618.90

00000XXX0	RFC03Q10	A15		29,560,000		29,560,000		23,648,000		2,279,662		22.33	%		5,281,136		4,753,022.39

00000XXX0	RFC03Q11	A1		111,963,274		50,000,000		40,000,000		3,070,489		18.01	%		7,205,292		6,484,763.09

00000XXX0	RFC03Q11	A4		50,000,000		50,000,000		40,000,000		3,172,719		18.61	%		7,445,188		6,700,669.02

00000XXX0	RFC03Q11	A5		175,649,086		76,420,125		61,136,100		4,692,944		18.01	%		11,012,584		9,911,325.58

00000XXX0	RFC03Q11	A9		92,342,923		92,342,923		73,874,338		10,903,191		26.68	%		19,706,871		17,736,184.09

00000XXX0	RFC03Q13	A7		137,809,825		80,309,825		64,247,860		10,979,223		32.94	%		21,165,383		19,048,844.87

00000XXX0	XXX00X00	XX0		47,222,000		12,222,000		9,777,600		—		47.94	%		4,687,538		4,218,783.84

00000XX00	XXX00X00	0X0		325,000,000		101,000,000		80,800,000		10,902,245		36.15	%		29,208,939		26,288,044.82

00000XXX0	RFC03R13	A3		11,000,000		11,000,000		8,800,000		3,309,403		100.00	%		8,800,000		7,920,000.00

00000XXX0	RFC03Q22	A1		53,472,000		24,917,952		19,934,362		885,489		18.26	%		3,639,625		3,275,662.31


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XX00	RFC05QS1	A1		100,000,000		100,000,000		80,000,000		20,684,285		47.46	%		37,964,992		34,168,492.87

00000XX00	RFC05QS1	A5		76,378,000		26,000,000		20,800,000		5,377,914		47.46	%		9,870,898		8,883,808.15

00000XX00	RFC05QS2	A1		171,752,000		66,252,000		53,001,600		12,876,899		47.93	%		25,406,311		22,865,679.54

00000XXX0	RFC04QS2	AI1		48,538,800		48,538,800		38,831,040		4,298,452		37.87	%		14,704,983		13,234,484.45

00000XXX0	RFC04QS8	A9		25,174,900		25,174,900		20,139,920		5,269,663		49.21	%		9,911,021		8,919,918.73

00000XXX0	RFC04Q11	A1		50,792,000		50,792,000		40,633,600		2,894,551		22.88	%		9,297,889		8,368,099.74

000000XX0	RFC05QS9	A2		50,000,000		50,000,000		40,000,000		8,205,156		44.17	%		17,668,439		15,901,595.28

000000XX0	RFC05Q10	IIIA1		105,149,000		25,000,000		20,000,000		5,469,916		50.66	%		10,132,871		9,119,584.08

000000XX0	RFC05Q12	A7		64,000,000		9,200,000		7,360,000		317,301		51.30	%		3,775,373		3,397,835.52

000000XX0	RFC05QO2	A1		230,935,000		75,000,000		60,000,000		18,627,884		45.18	%		27,108,257		24,397,431.12

000000XX0	RFC05Q14	IIA1		115,613,000		45,000,000		36,000,000		15,907,277		62.94	%		22,657,101		20,391,390.72

000000XX0	RFC05QO3	A2		113,133,000		43,133,000		34,506,400		10,134,936		49.07	%		16,933,222		15,239,900.10

000000XX0	RFC05QO4	IIA2		120,953,000		27,953,000		22,362,400		6,172,583		52.40	%		11,717,897		10,546,107.12

000000XX0	RFC05Q17	A9		128,790,000		128,790,000		103,032,000		33,504,379		55.83	%		57,525,829		51,773,245.77

000000XX0	RFC05Q17	A10		162,694,000		62,694,000		50,155,200		13,382,863		50.40	%		25,279,983		22,751,984.52

000000XX0	RFC05QO5	A1		694,684,000		50,000,000		40,000,000		14,664,844		53.85	%		21,541,042		19,386,937.44

000000XX0	XXX00XX0	0X0		309,242,000		10,000,000		8,000,000		3,784,567		66.50	%		5,320,194		4,788,174.96

000000XX0	XXX00XX0	0X0		128,851,000		105,851,000		84,680,800		24,512,773		66.50	%		56,314,716		50,683,244.31


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

000000XX0	RFC06QO2	A1		370,542,000		51,742,000		41,393,600		14,089,494		55.75	%		23,075,778		20,768,200.56

000000XX0	RFC06QO2	A2		154,392,000		54,392,000		43,513,600		16,238,264		60.13	%		26,164,633		23,548,169.62

000000XX0	RFC06QO3	A2		149,747,000		17,747,000		14,197,600		6,580,827		69.21	%		9,826,627		8,843,964.48

00000X0X0	RFC03S07	A1		100,000,000		100,000,000		80,000,000		—		26.60	%		21,277,756		19,149,980.33

00000X0X0	RFC03S10	A1		177,696,000		117,696,000		94,156,800		—		22.07	%		20,782,247		18,704,021.96

00000XX00	RFC03S02	A4		93,551,000		93,551,000		74,840,800		—		5.91	%		4,423,022		3,980,719.64

00000XX00	RFC03S04	A12		50,000,000		50,000,000		40,000,000		—		26.63	%		10,651,405		9,586,264.82

00000XXX0	RFC03S20	IA2		155,498,000		78,300,000		62,640,000		—		17.99	%		11,271,270		10,144,142.74

00000XXX0	RFC03S20	IA3		50,000,000		50,000,000		40,000,000		—		17.99	%		7,197,490		6,477,741.22

00000XXX0	RFC03S20	IIA1		225,379,000		80,000,000		64,000,000		6,963,606		43.34	%		27,735,119		24,961,606.79

00000XXX0	RFC04S02	A1		147,645,182		47,645,182		38,116,146		—		40.46	%		15,423,540		13,881,185.61

00000XXX0	RFC04S05	IA3		160,873,000		75,000,000		60,000,000		—		44.34	%		26,601,077		23,940,969.07

00000XXX0	RFC04S06	IIA1		114,643,000		83,143,000		66,514,400		—		49.44	%		32,882,496		29,594,246.15

00000XXX0	RFC04SP3	AII		156,751,000		20,000,000		16,000,000		2,470,226		32.08	%		5,132,994		4,619,694.96

00000XXX0	RAS06A12	A1		289,176,000		88,000,000		70,400,000		23,360,995		58.52	%		41,201,160		37,081,044.00

00000XXX0	RAS06A15	A2		29,160,000		26,160,000		20,928,000		8,600,345		68.65	%		14,366,058		12,929,452.12

00000XXX0	RAS070A7	A2		180,140,000		155,140,000		124,112,000		75,440,782		89.46	%		111,030,088		99,927,079.49


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XXX0	STR07001	3A1		93,757,000		93,757,000		75,005,600		24,555,003		78.17	%		58,633,621		52,770,259.26

00000X0X0	UPM01UP2	AF2		75,108,532		15,000,000		12,000,000		—		0.47	%		56,286		50,657.76

00000XXX0	SBM797H1	B4		11,415,000		3,805,000		3,044,000		—		7.18	%		218,596		196,736.32

00000XXX0	SBM797H2	B3		17,413,000		17,413,000		13,930,400		2,003,347		33.53	%		4,670,582		4,203,524.16

00000XXX0	SB701CP1	B3		2,438,000		2,438,000		1,950,400		—		23.71	%		462,471		416,224.08

00000XXX0	SQMT0304	1A1		148,641,000		20,000,000		16,000,000		2,000,698		17.21	%		2,754,373		2,478,935.52

00000XXX0	SQMT0305	A1		675,596,000		20,000,000		16,000,000		989,291		8.88	%		1,421,034		1,278,930.24

00000XXX0	SQMT0405	A1		553,000,000		135,000,000		108,000,000		6,962,327		8.90	%		9,608,588		8,647,729.45

00000XXX0	SQMT0409	A1		453,364,000		20,000,000		16,000,000		2,050,604		16.47	%		2,635,879		2,372,291.28

00000XXX0	SQMT0410	A2		203,441,000		15,000,000		12,000,000		1,578,603		17.27	%		2,072,322		1,865,089.44

00000XXX0	SQMT0701	4A1		98,689,000		25,000,000		20,000,000		9,008,872		82.91	%		16,582,557		14,924,301.30

00000XXX0	SQMT0704	3A1		49,260,000		49,260,000		39,408,000		22,416,409		94.72	%		37,329,018		33,596,116.16

00000XXX0	SQMT0703	2BA1		77,686,000		52,686,000		42,148,800		19,783,910		86.00	%		36,248,677		32,623,809.63

000000XX0	STR07S01	5A1		54,885,000		37,885,000		30,308,000		8,176,505		87.05	%		26,384,290		23,745,860.60

000000XX0	SASC9806	B1		8,552,000		8,552,000		6,841,600		2,189,667		40.66	%		2,781,862		2,503,676.16

000000XX0	SAS05006	2A21		78,266,000		78,266,000		62,612,800		—		44.44	%		27,824,413		25,041,971.90

000000XX0	SAS05006	3A2		10,344,000		10,344,000		8,275,200		3,504,817		66.75	%		5,523,496		4,971,146.40

000000XX0	SAS05006	5A7		73,089,333		23,089,333		18,471,466		—		80.17	%		14,808,490		13,327,640.93


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

000000XX0	SAR04012	3A1		300,000,000		100,000,000		80,000,000		16,131,414		29.93	%		23,941,409		21,547,267.70

000000X00	SAR05021	4A1		85,873,000		85,873,000		68,698,400		24,956,396		75.10	%		51,594,263		46,434,836.50

000000X00	SAR05021	5A1		163,121,000		163,121,000		130,496,800		51,871,901		73.51	%		95,922,876		86,330,588.54

000000X00	SAR05021	6A1		175,569,000		175,569,000		140,455,200		21,461,549		61.39	%		86,224,568		77,602,111.61

000000XX0	SAR04015	A		202,611,000		202,611,000		162,088,800		11,673,831		9.55	%		15,487,522		13,938,770.19

000000XX0	SAR04017	A1		182,000,000		150,000,000		120,000,000		7,757,094		8.29	%		9,949,434		8,954,490.28

000000X00	SAR05022	1A1		120,000,000		120,000,000		96,000,000		18,186,762		49.06	%		47,100,738		42,390,663.98

000000X00	SAR05023	4A1		135,744,000		70,744,000		56,595,200		26,479,105		74.34	%		42,074,889		37,867,399.86

000000X00	SAR06001	7A1		142,285,000		112,285,000		89,828,000		8,589,705		56.27	%		50,545,868		45,491,281.49

000000XX0	SAR05009	2A2A		166,000,000		136,000,000		108,800,000		33,506,657		43.03	%		46,815,241		42,133,716.65

000000XX0	SAR05014	A2		120,943,000		30,943,000		24,754,400		4,134,832		25.34	%		6,273,677		5,646,309.00

000000XX0	SAR05014	A3		49,882,000		49,882,000		39,905,600		6,665,606		25.34	%		10,113,557		9,102,201.43

000000XX0	SAR0516X	A2B		64,077,000		64,077,000		51,261,600		4,427,660		17.29	%		8,864,098		7,977,687.78

000000XX0	SAR05018	4A1		100,000,000		100,000,000		80,000,000		36,315,144		75.79	%		60,629,927		54,566,934.19

000000XX0	SAR05018	7A1		131,240,000		131,240,000		104,992,000		1,637,819		49.34	%		51,808,225		46,627,402.14

000000XX0	SAR0519X	1A2B		146,326,000		146,326,000		117,060,800		20,594,537		29.48	%		34,509,952		31,058,956.95

000000XX0	SAR06006	1A1		74,190,000		59,190,000		47,352,000		11,592,606		51.06	%		24,178,236		21,760,412.53


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XXX0	SAMI03A1	A1		230,624,800		22,000,000		17,600,000		1,773,672		12.24	%		2,153,632		1,938,268.81

00000XXX0	SAMI03C1	IF1		79,343,315		45,177,000		36,141,600		1,806,408		10.66	%		3,851,289		3,466,159.92

00000XXX0	SAMI03A3	A1		414,946,600		59,994,300		47,995,440		4,187,611		10.50	%		5,038,678		4,534,810.52

00000X0X0	SAS0216A	3A1		66,580,000		25,000,000		20,000,000		261,411		2.70	%		539,974		485,976.49

00000X0X0	SAS0218A	3A		31,665,000		31,665,000		25,332,000		417,159		4.66	%		1,181,276		1,063,148.22

00000XX00	SAS0208A	7A1		399,029,000		50,000,000		40,000,000		558,196		2.35	%		940,809		846,727.92

00000XX00	ARC02	BC2		267,803,000		20,000,000		16,000,000		352,454		2.96	%		473,194		425,874.24

00000XXX0	SAS0115A	5A1		236,794,000		65,000,000		52,000,000		713,802		3.02	%		1,570,132		1,413,118.93

00000XXX0	ARC2001-BC6W	A		155,000,000		30,000,000		24,000,000		413,156		2.24	%		538,617		484,755.13

00000XXX0	SAS0201A	1A3		98,000,000		23,000,000		18,400,000		456,541		5.05	%		928,421		835,579.18

00000XXX0	SAS0201A	2A1		206,490,000		50,000,000		40,000,000		549,036		2.59	%		1,034,783		931,304.52

00000XX00	SAS0216A	1A1		148,363,000		6,000,000		4,800,000		151,681		3.42	%		164,368		147,931.20

00000X0X0	SAS03030	3A1		110,587,000		75,435,000		60,348,000		—		35.25	%		21,271,012		19,143,910.36

00000X0X0	SAS0334A	3A2		147,500,000		147,500,000		118,000,000		13,946,022		16.39	%		19,337,759		17,403,982.72

00000X0X0	SAS0334A	6A		132,251,000		39,000,000		31,200,000		6,968,422		42.45	%		13,243,241		11,918,916.83

00000XX00	SAS0323H	1A1		193,632,000		25,000,000		20,000,000		1,709,183		18.18	%		3,635,255		3,271,729.68

00000XX00	SAS0324A	2A		144,336,000		144,336,000		115,468,800		13,438,795		16.92	%		19,540,501		17,586,450.56

00000XXX0	SAS03001	4A1		58,380,000		58,380,000		46,704,000		—		35.73	%		16,686,632		15,017,968.39


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	SAS03004	A4		50,000,000		50,000,000		40,000,000		1,276,099		17.88	%		7,153,333		6,437,999.59

00000XXX0	SAS03008	2A8		25,000,000		25,000,000		20,000,000		557,697		15.84	%		3,168,640		2,851,776.00

00000XX00	SAS0326A	5A		111,301,000		35,000,000		28,000,000		2,770,502		16.21	%		4,540,050		4,086,044.70

00000XXX0	SAS03014	1A4		100,000,000		100,000,000		80,000,000		5,540,357		27.99	%		22,391,122		20,152,009.58

00000XXX0	SAS03014	1A5		83,122,000		53,122,000		42,497,600		2,943,149		27.99	%		11,894,612		10,705,150.80

00000XXX0	SAS0315A	2A2		99,000,000		98,000,000		78,400,000		5,113,241		10.05	%		7,877,562		7,089,805.72

00000XXX0	SAS0315A	3A		90,601,000		90,601,000		72,480,800		8,905,322		21.61	%		15,662,901		14,096,610.95

00000XX00	SAS03029	4A1		50,000,000		46,800,000		37,440,000		3,205,656		41.55	%		15,555,280		13,999,752.30

00000XXX0	SAS0317A	2A1		100,000,000		100,000,000		80,000,000		6,811,670		12.59	%		10,075,377		9,067,839.05

00000X0X0	SAS05001	1A1		47,000,000		47,000,000		37,600,000		9,407,428		57.82	%		21,739,714		19,565,743.01

00000X0X0	SAS05001	1A3		100,537,000		100,537,000		80,429,600		20,123,289		57.82	%		46,503,099		41,852,789.46

00000X0X0	SAS05001	7A3		45,074,000		45,074,000		36,059,200		10,017,832		54.41	%		19,621,115		17,659,003.52

00000X0X0	SAS05003	1A1		27,774,000		27,774,000		22,219,200		6,544,656		62.05	%		13,786,627		12,407,964.53

00000X0X0	SAS05003	1A3		125,000,000		125,000,000		100,000,000		29,454,956		62.05	%		62,048,261		55,843,435.17

00000XXX0	SAS0337A	8A2		55,423,000		50,000,000		40,000,000		4,498,513		20.23	%		8,090,672		7,281,605.23

00000XXX0	SAS0340A	3A1		297,000,000		150,000,000		120,000,000		16,838,088		19.50	%		23,394,681		21,055,212.79

00000XXX0	SAR04001	4A4		138,779,000		38,779,000		31,023,200		4,117,047		19.06	%		5,911,745		5,320,570.78


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XXX0	SAS044XS	1A6		24,224,000		15,000,000		12,000,000		3,844,395		92.58	%		11,110,068		9,999,061.20

00000XX00	SAS04020	8A3		64,109,000		62,109,000		49,687,200		8,749,153		46.58	%		23,142,121		20,827,909.18

00000XX00	SAS04022	A2		244,696,000		175,000,000		140,000,000		58,461,406		83.30	%		116,613,311		104,951,979.59

00000XXX0	SAR04006	1A		285,873,000		30,000,000		24,000,000		1,681,477		8.68	%		2,083,983		1,875,584.29

00000XXX0	SAR04006	3A1		400,000,000		300,000,000		240,000,000		57,372,775		34.91	%		83,772,007		75,394,806.26

00000XXX0	SAR04010	B1		62,097,000		15,000,000		12,000,000		6,735,099		63.91	%		7,668,810		6,901,928.78

00000XXX0	SAS04015	3A5		21,428,000		21,428,000		17,142,400		3,100,536		58.86	%		10,089,529		9,080,576.25

00000XXX0	SAS05010	1A2		10,859,000		10,859,000		8,687,200		4,111,329		71.60	%		6,220,358		5,598,322.56

00000XXX0	SAS05010	3A3		27,637,067		27,637,067		22,109,654		193,385		76.43	%		16,897,411		15,207,670.07

00000XXX0	SAS05014	1A1		198,606,000		17,606,000		14,084,800		3,747,125		72.17	%		10,164,874		9,148,386.25

00000XXX0	LXS05002	2A4		34,924,000		34,924,000		27,939,200		19,241,269		97.80	%		27,324,157		24,591,741.11

00000XXX0	SAS05015	2A6		75,000,000		75,000,000		60,000,000		10,328,020		62.26	%		37,357,037		33,621,332.96

00000XXX0	SAS05016	1A1		107,838,000		107,838,000		86,270,400		—		62.70	%		54,093,314		48,683,982.37

00000XXX0	SAS05017	5A2		7,525,000		7,525,000		6,020,000		3,056,390		77.86	%		4,687,190		4,218,471.36

00000XXX0	LXS0505N	3A1B		100,000,000		50,000,000		40,000,000		10,069,797		43.27	%		17,308,002		15,577,202.16

00000XXX0	LXS0505N	3A2		330,211,000		30,000,000		24,000,000		6,041,878		43.27	%		10,384,801		9,346,320.71

00000XXX0	SAMI03A4	A1		374,175,000		10,000,000		8,000,000		703,137		11.53	%		922,342		830,107.44

00000XXX0	SAMI04A2	1A		421,746,500		25,000,000		20,000,000		1,098,047		7.09	%		1,417,606		1,275,845.76


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	SAMI04A5	IIA2		106,746,100		106,746,100		85,396,880		9,297,561		14.26	%		12,173,368		10,956,030.84

00000XXX0	SAMI04A6	A1A		510,000,000		200,000,000		160,000,000		6,476,438		5.43	%		8,689,256		7,820,330.11

00000XXX0	SAMI04A7	A1A		772,780,800		70,000,000		56,000,000		2,932,777		7.19	%		4,028,011		3,625,209.91

00000XXX0	SAMI05A2	IIA3		57,269,500		57,269,500		45,815,600		9,974,965		30.25	%		13,857,756		12,471,980.08

00000XXX0	SAMI05A3	IA3		53,161,000		43,161,000		34,528,800		7,856,102		33.42	%		11,539,029		10,385,126.52

00000XXX0	SAMI05A4	A3		115,000,000		100,000,000		80,000,000		13,434,389		24.98	%		19,984,035		17,985,631.18

00000XXX0	SAMI05A7	2A2		15,498,000		15,498,000		12,398,400		2,743,854		32.60	%		4,041,802		3,637,621.37

00000XXX0	SAMI05A7	3A2		19,082,000		19,082,000		15,265,600		2,012,075		25.08	%		3,828,582		3,445,723.58

00000XXX0	SAMI05A7	4A2		16,840,000		16,840,000		13,472,000		6,122,754		62.77	%		8,455,776		7,610,198.01

00000XXX0	SAMI06A2	A2		207,713,000		79,000,000		63,200,000		23,358,544		54.03	%		34,148,524		30,733,671.21

00000XXX0	SAMI06A1	2A2		174,283,000		38,720,000		30,976,000		6,969,277		36.37	%		11,266,270		10,139,643.30

00000XXX0	SAMI06A1	3A2A		132,067,000		82,635,000		66,108,000		32,241,787		69.07	%		45,660,191		41,094,172.12

00000XXX0	SAR06004	7A1		314,399,000		150,000,000		120,000,000		26,128,056		78.46	%		94,147,003		84,732,302.66

00000XXX0	SASC0611	A1		184,082,000		10,000,000		8,000,000		1,270,744		38.94	%		3,114,818		2,803,336.56

00000XXX0	SAMI06A8	A4B_GT		48,770,000		48,770,000		39,016,000		20,479,748		76.07	%		29,678,147		26,710,332.65

00000XXX0	SAR07008	1A3		85,898,000		85,898,000		68,718,400		25,826,968		82.58	%		56,750,449		51,075,404.24

00000XXX0	SAR07001	2A1		48,976,000		48,976,000		39,180,800		11,735,772		76.60	%		30,011,714		27,010,542.57


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XXX0	SAMI07A1	IIA2		62,171,000		17,171,000		13,736,800		8,285,107		86.36	%		11,863,487		10,677,138.70

00000XXX0	XXXX00X0	IA1		157,325,000		14,143,713		11,314,970		6,729,666		86.48	%		9,785,281		8,806,752.49

00000XXX0	SAMI07A2	IA2		78,663,000		39,000,000		31,200,000		18,556,441		86.48	%		26,982,020		24,283,817.63

00000XXX0	SAR07003	3A1		201,460,000		100,000,000		80,000,000		38,299,467		77.70	%		62,163,682		55,947,313.44

00000XXX0	SAR07004	1A3		100,000,000		50,000,000		40,000,000		12,742,852		77.79	%		31,117,288		28,005,558.84

00000XXX0	SAMI07A3	IIA2		207,167,000		167,532,000		134,025,600		81,187,708		88.86	%		119,092,555		107,183,299.29

00000XXX0	SAR07006	2A2		70,162,000		70,162,000		56,129,600		19,969,481		81.63	%		45,821,396		41,239,256.03

00000XXX0	SAR07009	1A1		155,395,000		78,395,000		62,716,000		28,684,485		84.38	%		52,919,200		47,627,280.11

00000XXX0	SAR07011	1A1		131,272,000		106,272,000		85,017,600		45,053,802		84.99	%		72,256,984		65,031,286.05

000000XX0	TBW07002	A1A		232,240,000		122,240,000		97,792,000		29,898,182		58.45	%		57,155,565		51,440,008.61

0000000X0	XXX00X00	XX00		69,894,000		50,000,000		40,000,000		—		98.50	%		39,399,068		35,459,160.88

0000000X0	WMS03AR6	A1		1,312,286,100		495,286,100		396,228,880		29,197,483		13.60	%		53,871,750		48,484,575.39

0000000X0	WMS03AR7	A7		502,000,000		70,000,000		56,000,000		4,829,958		17.02	%		9,531,814		8,578,632.69

000000X00	WMS02S08	IIA7		469,000,000		100,000,000		80,000,000		2,405,902		13.75	%		10,998,977		9,899,079.05

000000X00	WMS03AR5	A7		728,025,000		100,000,000		80,000,000		5,800,413		11.75	%		9,398,983		8,459,085.02

000000XX0	WMS02A16	A		1,001,859,000		501,859,000		401,487,200		3,317,227		1.69	%		6,773,658		6,096,291.81

000000X00	XXX00X00	XX00		32,551,000		32,551,000		26,040,800		—		54.58	%		14,214,237		12,792,813.55


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Xxxxx Xxxxx

00000X0X0	XXX00X00	X0X0		445,107,000		82,000,000		65,600,000		12,889,612		29.04	%		19,052,146		17,146,931.70

00000X0X0	XXX00X00	0X0		336,316,000		108,316,000		86,652,800		7,386,436		58.91	%		51,049,606		45,944,645.02

00000X0X0	XXX00X00	X0X0		1,937,535,000		35,000,000		28,000,000		6,451,670		33.83	%		9,471,261		8,524,134.71

00000X0X0	XXX00X00	X0X0		500,000,000		115,000,000		92,000,000		21,198,344		33.83	%		31,119,869		28,007,882.21

00000X0X0	XXX00X00	X0X0		80,000,000		50,000,000		40,000,000		11,715,114		42.50	%		16,998,675		15,298,807.68

00000X0X0	XXX00X00	0X0		474,355,000		100,000,000		80,000,000		5,739,603		57.62	%		46,095,470		41,485,923.14

00000X0X0	XXX00X00	0X0		61,301,000		61,301,000		49,040,800		7,554,622		69.29	%		33,979,266		30,581,339.77

00000X0X0	XXX00X00	X0X0		65,000,000		40,000,000		32,000,000		8,535,089		41.85	%		13,391,923		12,052,730.88

00000X0X0	XXX00X00	0X0		458,257,000		198,000,000		158,400,000		10,909,261		54.28	%		85,987,267		77,388,540.61

00000XXX0	WMS03AR8	A		1,214,965,000		325,000,000		260,000,000		30,926,176		22.35	%		58,098,030		52,288,227.11

00000XX00	WMS04A13	A2A		380,200,000		36,000,000		28,800,000		3,376,847		18.16	%		5,230,056		4,707,050.85

00000XX00	WMS05AR2	2A1A		609,705,000		2,046,000		1,636,800		220,901		21.63	%		354,056		318,650.40

00000XX00	WMS05AR2	2A1B		406,478,000		92,478,000		73,982,400		9,984,579		21.63	%		16,003,111		14,402,800.27

00000XX00	WMS05AR2	2A2B		211,456,000		94,000,000		75,200,000		10,148,905		21.63	%		16,266,490		14,639,841.11

00000XX00	WMS05AR2	B1		137,230,000		11,230,000		8,984,000		6,137,236		75.24	%		6,759,963		6,083,966.48

00000XXX0	WMS03S11	2A4		98,829,134		73,829,134		59,063,307		2,904,431		52.87	%		31,226,854		28,104,168.36


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XX00	WMS05AR6	2A1C		397,282,000		271,282,000		217,025,600		33,719,858		23.59	%		51,188,910		46,070,018.84

00000XXX0	WMS04AR1	A		532,631,000		50,000,000		40,000,000		5,421,758		28.88	%		11,551,676		10,396,508.69

00000XXX0	WMS04AR3	A1		676,489,100		205,000,000		164,000,000		37,881,522		46.74	%		76,651,793		68,986,613.60

00000XXX0	WMS04AR3	A2		484,834,000		170,634,000		136,507,200		31,531,101		46.74	%		63,801,961		57,421,765.00

00000XXX0	WMS04AR2	A		574,152,300		84,612,000		67,689,600		4,435,733		10.56	%		7,149,508		6,434,557.22

00000XX00	WMS05AR7	A1		417,177,000		200,000,000		160,000,000		—		40.78	%		65,248,578		58,723,720.42

00000XX00	XXX00XX0	0X0X0		504,348,000		164,348,000		131,478,400		21,506,966		24.97	%		32,825,319		29,542,786.98

00000XXX0	WMS04AR6	A		656,738,000		125,000,000		100,000,000		7,314,786		13.64	%		13,639,339		12,275,405.46

00000XXX0	WMS04AR8	A1		578,995,000		95,000,000		76,000,000		8,054,707		15.32	%		11,644,378		10,479,940.06

00000XX00	XXX00XX0	X0X		298,877,000		163,877,000		131,101,600		18,684,518		23.76	%		31,143,349		28,029,014.30

00000XXX0	WMS04AR8	A3		14,000,000		14,000,000		11,200,000		1,187,009		15.32	%		1,716,014		1,544,412.35

00000XXX0	WMS04S03	2A2		34,848,734		34,848,734		27,878,987		—		90.54	%		25,241,028		22,716,925.45

00000XXX0	WMS04S03	3A1		66,552,000		21,852,000		17,481,600		1,039,768		43.98	%		7,688,560		6,919,703.70

00000XX00	XXX00X00	0X0		418,500,000		200,000,000		160,000,000		2,877,371		49.43	%		79,091,937		71,182,742.98

00000XXX0	XXX00X00	X0X		326,500,000		25,000,000		20,000,000		2,141,465		16.72	%		3,344,701		3,010,230.72

00000XXX0	XXX00X00	X0X		520,875,000		191,750,000		153,400,000		16,425,033		16.72	%		25,653,856		23,088,470.31

00000XXX0	WMS04CB3	IIA		108,400,648		39,400,000		31,520,000		10,160,679		48.38	%		15,250,210		13,725,188.65

00000XXX0	WMS04A12	A1		200,000,000		100,000,000		80,000,000		8,433,039		16.25	%		13,001,719		11,701,546.78


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	WMS04A12	A2A		850,000,000		155,750,000		124,600,000		13,134,459		16.25	%		20,250,178		18,225,160.23

00000XXX0	WMS04A12	A5		146,509,000		50,000,000		40,000,000		13,872,188		53.47	%		21,387,578		19,248,820.42

00000XXX0	XXX00X00	X0X		150,000,000		10,000,000		8,000,000		843,304		16.25	%		1,300,172		1,170,154.68

00000XXX0	XXX00X00	X0X0		175,000,000		139,000,000		111,200,000		24,135,792		32.86	%		36,545,828		32,891,244.96

00000XXX0	XXX00XX0	X0X		181,486,000		15,000,000		12,000,000		3,463,330		43.48	%		5,217,159		4,695,443.28

00000XXX0	WMS06A17	1A		496,869,000		157,000,000		125,600,000		64,146,433		70.54	%		88,596,302		79,736,671.36

00000XXX0	XXX00X00	0X0X		57,000,000		37,000,000		29,600,000		15,117,312		70.54	%		20,879,383		18,791,444.81

00000XXX0	XXX00X00	0X0		100,000,000		75,000,000		60,000,000		25,493,019		73.11	%		43,866,473		39,479,825.95

00000XXX0	WMS07HY1	2A1		258,607,000		258,607,000		206,885,600		74,360,803		70.73	%		146,339,677		131,705,708.93

00000XXX0	WMS07HY1	3A1		175,621,000		100,621,000		80,496,800		14,013,092		81.28	%		65,427,120		58,884,408.04

00000XXX0	WMS07HY1	5A1		519,145,000		169,145,000		135,316,000		79,108,829		85.53	%		115,737,880		104,164,092.16

00000XXX0	WMS07HY2	3A1		189,678,000		121,250,000		97,000,000		52,434,813		81.08	%		78,645,891		70,781,301.95

00000XXX0	WMS07OA1	A1A		807,437,000		245,000,000		196,000,000		103,967,045		73.51	%		144,073,594		129,666,234.57

00000XXX0	XXX00XX0	XX0X		127,434,000		35,000,000		28,000,000		17,904,604		90.06	%		25,217,548		22,695,792.99

00000XXX0	WMS07HY6	3A2		440,348,000		180,000,000		144,000,000		73,630,744		91.24	%		131,382,893		118,244,603.52

00000XXX0	WMS07HY5	2A1		162,870,000		62,870,000		50,296,000		26,411,716		83.00	%		41,744,517		37,570,065.58

00000XXX0	WMS06AR8	2A1		214,870,000		94,870,000		75,896,000		10,850,663		45.56	%		34,576,958		31,119,262.09

100


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XXX0	WMS06AR8	3A1		170,246,000		45,246,000		36,196,800		2,010,356		55.56	%		20,110,922		18,099,829.82

00000XXX0	XXX00XX0	X0X		317,069,000		40,000,000		32,000,000		12,662,726		55.83	%		17,866,651		16,079,986.08

00000XXX0	XXX00XX0	X0X0X		45,013,000		45,013,000		36,010,400		14,249,593		55.83	%		20,105,904		18,095,313.20

000000XX0	WMS07HY3	1A1		575,124,000		54,700,000		43,760,000		19,680,026		75.55	%		33,061,058		29,754,952.36

000000XX0	WMS07HY3	3A1		175,000,000		175,000,000		140,000,000		59,455,010		81.93	%		114,697,937		103,228,143.61

000000XX0	WMS07OA2	1A		637,887,000		26,000,000		20,800,000		11,134,690		77.27	%		16,072,718		14,465,446.56

000000XX0	WMS07OA2	CA1B		91,785,000		36,785,000		29,428,000		13,146,813		78.16	%		23,000,264		20,700,237.86

000000XX0	WMS07HY4	2A1		170,000,000		60,000,000		48,000,000		22,669,579		81.48	%		39,108,908		35,198,017.39

000000XX0	WMS07HY4	2A2		126,551,000		26,551,000		21,240,800		7,656,912		75.30	%		15,994,008		14,394,607.61

000000XX0	WMS06A18	2A3		100,000,000		50,000,000		40,000,000		17,425,599		74.34	%		29,734,120		26,760,707.71

000000XX0	WMS06A18	3A1		227,347,000		150,000,000		120,000,000		22,390,481		74.77	%		89,719,797		80,747,817.41

000000XX0	WMS06A19	1A		585,385,000		181,000,000		144,800,000		75,791,330		73.40	%		106,286,879		95,658,191.17

000000XX0	XXX00X00	0X0X		20,000,000		19,800,000		15,840,000		8,290,985		73.40	%		11,626,962		10,464,266.16

000000XX0	XXX00X00	0X0X		55,367,000		10,367,000		8,293,600		4,575,245		80.04	%		6,637,828		5,974,045.20

000000XX0	WMS06A19	CA1C		224,000,000		10,000,000		8,000,000		1,552,646		75.06	%		6,004,863		5,404,376.88

00000XXX0	XXX00XX0	0X0		173,642,000		160,000,000		128,000,000		1,386,823		61.60	%		78,852,543		70,967,289.14

00000XXX0	XXX00XX0	0X0X		65,485,000		20,000,000		16,000,000		6,949,792		61.80	%		9,887,200		8,898,480.00

00000XXX0	WMS06AR9	1A		578,567,000		110,000,000		88,000,000		36,924,889		61.78	%		54,362,672		48,926,405.25

101


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	WMS06A10	3A1		106,556,000		86,556,000		69,244,800		—		57.26	%		39,646,975		35,682,277.66

00000XXX0	XXX00X00	0X0		132,694,000		112,694,000		90,155,200		318,353		62.95	%		56,748,755		51,073,879.83

00000XXX0	XXX00X00	0X0		172,000,000		30,000,000		24,000,000		9,642,263		69.36	%		16,647,217		14,982,495.61

00000XXX0	WMS06A15	1A		491,091,000		22,180,000		17,744,000		8,738,528		70.07	%		12,433,852		11,190,466.81

00000XXX0	XXX00X00	0X0X		61,387,000		41,387,000		33,109,600		16,305,747		70.07	%		23,201,074		20,880,966.15

00000XXX0	WMS06A13	1A		789,552,000		189,000,000		151,200,000		72,848,856		68.75	%		103,954,701		93,559,230.46

00000XXX0	XXX00X00	0X0X		77,779,000		27,779,000		22,223,200		10,354,062		70.92	%		15,760,206		14,184,185.76

00000XXX0	WMS06A11	1A		546,992,000		19,000,000		15,200,000		6,834,356		64.66	%		9,828,460		8,845,613.61

00000XXX0	WMS06A11	3A1A		426,755,000		51,755,000		41,404,000		22,377,236		71.79	%		29,725,096		26,752,585.96

00000XXX0	XXX00X00	0X0X		53,345,000		53,345,000		42,676,000		9,161,024		71.79	%		30,638,300		27,574,470.06

00000XXX0	WMS07OA3	2A		408,000,000		49,000,000		39,200,000		21,597,692		79.10	%		31,006,538		27,905,884.44

00000XXX0	WMS07OA3	2A1B		55,817,000		35,817,000		28,653,600		15,786,900		79.10	%		22,664,514		20,398,062.51

00000XXX0	XXX00XX0	XX0X		96,121,000		96,121,000		76,896,800		43,929,289		80.22	%		61,687,826		55,519,043.34

00000XXX0	WMS07OA5	1A		658,534,000		50,000,000		40,000,000		26,423,825		89.25	%		35,700,147		32,130,132.48

00000XXX0	WMS07OA4	1A		750,761,000		200,000,000		160,000,000		105,841,193		88.91	%		142,259,562		128,033,606.02

00000XXX0	WMS07HY7	2A2		150,000,000		51,250,000		41,000,000		16,874,256		75.18	%		30,824,079		27,741,670.85

00000XXX0	WMS07HY7	3A1		793,429,000		50,000,000		40,000,000		21,843,329		87.39	%		34,957,141		31,461,426.90

102


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XXX0	WMS07HY7	3A2		250,000,000		100,000,000		80,000,000		45,915,392		87.39	%		69,914,282		62,922,853.80

0000000X0	WAL05004	CB9		30,000,000		30,000,000		24,000,000		5,712,632		45.09	%		10,820,458		9,738,411.84

000000XX0	WMS03AR1	A6		482,490,000		166,500,000		133,200,000		2,691,245		3.50	%		4,655,461		4,189,914.85

000000X00	WMSC04R3	IA		81,529,000		81,529,000		65,223,200		3,362,278		25.24	%		16,462,325		14,816,092.72

000000XX0	XXX00XX0	XX0		419,828,000		97,550,000		78,040,000		2,772,674		19.76	%		15,419,605		13,877,644.47

000000XX0	WMS03MS5	IIA		92,613,000		80,000,000		64,000,000		2,171,717		19.50	%		12,480,275		11,232,247.91

000000X00	XXX00XX0	X0X		716,000,000		20,000,000		16,000,000		2,235,102		20.75	%		3,319,955		2,987,959.68

000000X00	XXX00XX0	X0X		477,350,000		62,350,000		49,880,000		6,967,930		20.75	%		10,349,963		9,314,966.73

000000X00	XXX00XX0	X0X0		764,000,000		76,000,000		60,800,000		8,493,387		20.75	%		12,615,833		11,354,249.74

000000X00	XXX00XX0	X0X		225,000,000		100,000,000		80,000,000		11,175,509		20.75	%		16,599,780		14,939,802.29

000000XX0	WMS03MS3	IIA1		125,395,000		50,000,000		40,000,000		1,372,576		15.76	%		6,302,358		5,672,121.77

000000XX0	WAL06004	1A2		3,471,900		3,471,900		2,777,520		163,513		82.38	%		2,288,199		2,059,379.28

000000XX0	WAL06004	2A2		1,645,800		1,645,800		1,316,640		—		57.14	%		752,357		677,121.12

000000XX0	WAL06AR4	DA		313,222,000		53,222,000		42,577,600		18,859,724		65.18	%		27,753,177		24,977,859.52

000000XX0	WAL06AR9	2A		515,152,000		75,000,000		60,000,000		31,492,864		81.80	%		49,080,267		44,172,240.46

000000XX0	WAL06AR9	CA1B		98,163,000		68,163,000		54,530,400		—		81.70	%		44,549,677		40,094,709.35

00000XXX0	WAL05005	CB1		200,834,000		25,750,000		20,600,000		4,652,580		51.17	%		10,541,656		9,487,490.40

00000XXX0	WAL05007	1A2		50,000,000		50,000,000		40,000,000		10,603,868		61.89	%		24,754,618		22,279,156.56

103


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	WAL05007	4CB		29,539,800		29,539,800		23,631,840		7,929,683		41.45	%		9,795,216		8,815,694.40

00000XXX0	WAL05008	1A2		144,250,000		56,650,000		45,320,000		24,370,250		73.65	%		33,378,232		30,040,408.78

00000XXX0	WAL05010	3CB1		109,200,200		10,000,000		8,000,000		4,028,624		67.35	%		5,388,398		4,849,558.56

00000XXX0	WAL05010	4CB3		117,923,200		98,423,200		78,738,560		27,963,714		61.83	%		48,681,080		43,812,971.98

00000XXX0	XXX00XX0	X0X		80,373,000		51,373,000		41,098,400		13,947,324		56.81	%		23,347,588		21,012,829.53

00000XXX0	XXX00XX0	X0X		165,858,000		105,858,000		84,686,400		17,948,759		50.52	%		42,786,890		38,508,200.70

00000XXX0	WAL06001	2CB1		77,939,500		48,989,500		39,191,600		16,877,984		65.16	%		25,536,736		22,983,062.41

00000XXX0	WAL06001	3A2		87,437,500		10,000,000		8,000,000		2,806,448		67.90	%		5,431,905		4,888,714.32

00000XXX0	WAL06001	3A9		10,743,187		10,743,187		8,594,550		3,121,112		66.58	%		5,721,830		5,149,647.36

00000XXX0	XXX00XX0	X0X		167,977,000		20,000,000		16,000,000		3,378,302		62.37	%		9,979,249		8,981,323.92

00000XXX0	XXX00XX0	0X0X		443,914,000		36,300,000		29,040,000		8,486,025		44.81	%		13,012,465		11,711,218.32

00000XXX0	XXX00XX0	0X0X		147,972,000		20,000,000		16,000,000		4,675,496		44.81	%		7,169,402		6,452,462.16

00000XXX0	XXX00XX0	0X0X		85,926,000		20,000,000		16,000,000		4,840,876		44.51	%		7,121,798		6,409,618.56

00000XXX0	WAL06AR3	A1A		432,026,000		30,026,000		24,020,800		10,749,092		64.18	%		15,417,272		13,875,544.53

00000XXX0	XXX00XX0	X0X		180,011,000		86,100,000		68,880,000		16,071,800		64.18	%		44,208,908		39,788,017.26

00000XXX0	WAL06005	1A1		110,000,000		56,000,000		44,800,000		13,684,373		55.86	%		25,025,193		22,522,673.54

000000XX0	WAL07OA3	2A		345,618,000		93,618,000		74,894,400		46,199,351		87.11	%		65,239,736		58,715,762.68

104


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Xxxxx Xxxxx
000000XX0	XXX00XX0	XX0X		72,074,000		72,074,000		57,659,200		—		87.73	%		50,585,064		45,526,557.41

000000XX0	WAL07OA3	DA1B		135,709,000		135,709,000		108,567,200		38,596,847		86.55	%		93,960,330		84,564,296.96

000000XX0	WAL07OA3	4A2		50,000,000		50,000,000		40,000,000		25,387,239		86.73	%		34,693,614		31,224,252.24

000000XX0	XXX00XX0	0XX		161,924,000		86,924,000		69,539,200		44,137,466		86.74	%		60,317,240		54,285,516.38

00000XXX0	WAL06AR5	3A		205,204,000		175,204,000		140,163,200		73,528,531		77.56	%		108,706,040		97,835,436.25

00000XXX0	WAL06AR5	4A		437,705,000		120,000,000		96,000,000		36,027,857		59.32	%		56,949,146		51,254,231.16

00000XXX0	WAL06AR5	5A		87,037,000		20,000,000		16,000,000		6,656,553		77.67	%		12,427,084		11,184,375.87

00000XXX0	WAL06AR7	A1A		669,407,000		82,730,000		66,184,000		27,953,508		65.20	%		43,153,537		38,838,183.26

00000XXX0	XXX00XX0	X0X		83,677,000		63,677,000		50,941,600		—		65.20	%		33,215,132		29,893,618.70

00000XXX0	WAL06008	A3A		40,000,000		20,000,000		16,000,000		14,948,149		100.00	%		16,000,000		14,400,000.00

00000XXX0	WAL06AR6	2A1B		157,529,000		107,529,000		86,023,200		22,331,148		78.95	%		67,918,304		61,126,473.74

00000XXX0	WAL06007	A3		83,031,521		20,000,000		16,000,000		13,525,440		100.00	%		16,000,000		14,400,000.00

00000XXX0	WAL06AR8	2A		374,380,000		124,380,000		99,504,000		46,721,871		74.08	%		73,710,649		66,339,584.23

00000XXX0	WAL06AR8	CA1B		74,000,000		50,000,000		40,000,000		—		75.65	%		30,260,951		27,234,855.68

00000XXX0	WAL07OA1	2A		423,487,000		100,000,000		80,000,000		38,474,483		71.56	%		57,245,215		51,520,693.46

00000XXX0	WAL07OA2	2A		367,666,000		125,000,000		100,000,000		53,814,468		82.95	%		82,952,241		74,657,016.54

00000XXX0	WAL07OA2	CA1B		73,829,000		17,500,000		14,000,000		—		84.24	%		11,793,293		10,613,964.14

00000XXX0	WAL07OC2	A4		31,442,000		31,442,000		25,153,600		3,231,015		91.04	%		22,900,915		20,610,823.63

105


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State

00000XXX0	XXX00XX0	X0X		83,188,000		26,188,000		20,950,400		8,185,270		92.13	%		19,301,742		17,371,568.22

00000XXX0	XXX00XX0	X0X		41,594,000		20,000,000		16,000,000		—		92.02	%		14,722,532		13,250,278.37

00000XXX0	WAL07OA5	A1A		311,634,000		100,000,000		80,000,000		52,080,662		86.16	%		68,930,948		62,037,853.42

00000XXX0	WFM03004	A9		100,000,000		100,000,000		80,000,000		—		20.10	%		16,081,112		14,473,000.80

000000XX0	WFM0400U	A1		740,112,000		95,500,000		76,400,000		2,791,075		6.65	%		5,079,856		4,571,870.48

000000XX0	WFM03007	A1		338,903,000		31,000,000		24,800,000		—		31.21	%		7,740,782		6,966,703.54

00000XXX0	WFM04004	A5		39,651,000		11,151,000		8,920,800		—		40.47	%		3,610,566		3,249,509.40

00000XXX0	WFM05A14	A2		293,863,000		183,863,000		147,090,400		—		54.83	%		80,653,590		72,588,230.70

00000XXX0	WFM05003	A10		69,019,000		39,019,000		31,215,200		—		19.97	%		6,235,185		5,611,666.67

00000XXX0	XXX00XX0	XX0		663,773,000		80,000,000		64,000,000		18,735,585		72.79	%		46,585,298		41,926,768.36

000000XX0	WFM07010	IA19		40,085,000		34,655,000		27,724,000		1,547,721		88.21	%		24,454,151		22,008,736.24

00000XXX0	WFM05A12	IIA6		485,300,000		96,900,000		77,520,000		22,614,640		56.95	%		44,150,896		39,735,806.67

00000XXX0	WFM06AR3	A1		222,926,000		100,000,000		80,000,000		17,808,196		60.22	%		48,178,815		43,360,933.54

00000XXX0	WFM06AR1	IIA2		317,343,000		100,000,000		80,000,000		—		69.51	%		55,604,404		50,043,963.89

00000XXX0	WFM06002	IA2		125,000,000		125,000,000		100,000,000		41,340,474		83.09	%		83,092,990		74,783,691.00

00000XXX0	WFM06002	IA9		43,557,000		43,557,000		34,845,600		3,695,727		73.48	%		25,604,234		23,043,811.04

00000XXX0	WFM06003	A7		119,634,000		119,634,000		95,707,200		1,893,784		92.63	%		88,649,157		79,784,241.23

106


Cusip	Deal Name	Tranche Name	Original Balance - Total		Original Balance - ING		Original Balance - Dutch State		Current Balance - Dutch State (indicative as of 5 Oct 2012)		Bond Factor at cut-off date			Cut-off value - Dutch State		90% of Cut-off value - Dutch State
00000XXX0	WFM07AR3	A1		170,000,000		170,000,000		136,000,000		43,597,810		77.59	%		105,517,065		94,965,358.86

00000XXX0	XXX00X00	XX0		300,000,000		50,000,000		40,000,000		16,005,823		70.29	%		28,116,124		25,304,511.96

00000XXX0	XXX00X00	XX0		202,000,000		200,000,000		160,000,000		13,059,746		56.16	%		89,857,958		80,872,162.27

00000XXX0	WFA07PA1	A4		116,970,000		44,470,000		35,576,000		16,603,437		81.20	%		28,887,910		25,999,119.11

00000XXX0	WFA07PA4	IIA1		197,814,000		157,814,000		126,251,200		56,425,634		78.32	%		98,882,274		88,994,046.23

00000XXX0	WFA07PA3	IIA1		367,000,000		267,000,000		213,600,000		109,163,134		88.59	%		189,237,007		170,313,306.68

00000XXX0	WFM07007	A38		673,178,000		85,000,000		68,000,000		17,159,259		86.12	%		58,559,820		52,703,838.27

00000XXX0	WFM07004	A13		150,000,000		150,000,000		120,000,000		17,499,989		81.32	%		97,584,332		87,825,898.62

00000XXX0	WFM07011	A19		238,724,000		133,224,000		106,579,200		9,791,298		85.29	%		90,900,974		81,810,876.60

00000XXX0	WFM07008	IA5		421,000,000		375,000,000		300,000,000		68,240,382		85.96	%		257,892,939		232,103,644.83

000000XX0	WFM0300D	A1		389,522,000		75,330,000		60,264,000		1,354,056		3.99	%		2,406,822		2,166,139.59

107

SCHEDULE 3

FIXED RATE MINIMUM AND MAXIMUM GUARANTEED VALUES


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Apr/2009	May/2009		14,470,949,741		14,749,953,864
May/2009	Jun/2009		14,038,905,229		14,555,411,685
Jun/2009	Jul/2009		13,590,885,961		14,382,392,537
Jul/2009	Aug/2009		13,170,459,452		14,238,526,770
Aug/2009	Sep/2009		12,784,886,954		14,131,912,118
Sep/2009	Oct/2009		12,439,251,343		13,984,524,875
Oct/2009	Nov/2009		12,066,022,974		13,854,582,676
Nov/2009	Dec/2009		11,718,208,988		13,654,388,025
Dec/2009	Jan/2010		11,280,355,474		13,446,605,077
Jan/2010	Feb/2010		10,924,554,110		13,289,333,590
Feb/2010	Mar/2010		10,584,727,502		13,108,819,422
Mar/2010	Apr/2010		10,231,830,639		12,906,569,797
Apr/2010	May/2010		9,878,207,651		12,713,921,677
May/2010	Jun/2010		9,560,890,925		12,515,281,469
Jun/2010	Jul/2010		9,226,147,193		12,075,389,560
Jul/2010	Aug/2010		8,740,369,413		11,832,746,662
Aug/2010	Sep/2010		8,404,173,431		11,656,250,341
Sep/2010	Oct/2010		8,112,997,213		11,430,257,241
Oct/2010	Nov/2010		7,805,846,240		11,307,905,822
Nov/2010	Dec/2010		7,575,664,542		11,165,424,382
Dec/2010	Jan/2011		7,345,482,843		11,081,269,174
Jan/2011	Feb/2011		7,144,709,217		11,013,001,271
Feb/2011	Mar/2011		6,956,715,394		10,947,486,565
Mar/2011	Apr/2011		6,773,804,448		10,855,826,136
Apr/2011	May/2011		6,570,416,771		10,794,408,895
May/2011	Jun/2011		6,394,767,078		10,737,065,260
Jun/2011	Jul/2011		6,226,378,636		10,679,932,939
Jul/2011	Aug/2011		6,063,436,134		10,625,588,244
Aug/2011	Sep/2011		5,904,705,159		10,547,505,403
Sep/2011	Oct/2011		5,734,574,017		10,488,640,864
Oct/2011	Nov/2011		5,581,869,881		10,420,012,123
Nov/2011	Dec/2011		5,430,400,157		10,339,051,633
Dec/2011	Jan/2012		5,271,669,182		10,292,527,538
Jan/2012	Feb/2012		5,139,078,714		10,217,855,869
Feb/2012	Mar/2012		4,994,071,506		9,977,130,082
Mar/2012	Apr/2012		4,804,117,145		9,786,690,558
Apr/2012	May/2012		4,648,072,833		9,319,060,973
May/2012	Jun/2012		4,350,797,163		8,985,407,842
Jun/2012	Jul/2012		4,122,648,615		8,751,970,532
Jul/2012	Aug/2012		3,958,834,763		8,397,193,354

108


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Aug/2012	Sep/2012		3,736,640,442		8,227,579,881
Sep/2012	Oct/2012		3,621,694,818		8,101,796,832
Oct/2012	Nov/2012		3,535,285,915		7,859,586,162
Nov/2012	Dec/2012		3,416,854,890		7,733,629,803
Dec/2012	Jan/2013		3,335,528,864		7,456,381,140
Jan/2013	Feb/2013		3,197,202,007		7,273,759,097
Feb/2013	Mar/2013		3,090,606,823		7,045,061,212
Mar/2013	Apr/2013		2,961,792,207		6,851,555,229
Apr/2013	May/2013		2,859,989,450		6,714,596,644
May/2013	Jun/2013		2,792,822,866		6,558,342,983
Jun/2013	Jul/2013		2,725,075,382		6,428,838,464
Jul/2013	Aug/2013		2,661,757,262		6,277,697,914
Aug/2013	Sep/2013		2,590,306,539		6,114,831,379
Sep/2013	Oct/2013		2,513,482,489		5,955,802,977
Oct/2013	Nov/2013		2,438,618,978		5,769,271,210
Nov/2013	Dec/2013		2,350,322,150		5,524,631,012
Dec/2013	Jan/2014		2,259,992,171		5,379,920,802
Jan/2014	Feb/2014		2,198,271,526		5,222,147,441
Feb/2014	Mar/2014		2,128,999,179		5,136,174,213
Mar/2014	Apr/2014		2,063,284,846		4,972,723,424
Apr/2014	May/2014		1,951,897,235		4,887,766,772
May/2014	Jun/2014		1,886,618,577		4,708,413,840
Jun/2014	Jul/2014		1,768,478,002		4,659,400,386
Jul/2014	Aug/2014		1,728,032,826		4,599,059,380
Aug/2014	Sep/2014		1,682,795,224		4,551,352,952
Sep/2014	Oct/2014		1,645,980,675		4,503,936,974
Oct/2014	Nov/2014		1,611,271,889		4,456,956,672
Nov/2014	Dec/2014		1,578,233,191		4,410,266,819
Dec/2014	Jan/2015		1,546,501,518		4,363,794,805
Jan/2015	Feb/2015		1,515,641,196		4,317,685,852
Feb/2015	Mar/2015		1,485,506,999		4,243,548,466
Mar/2015	Apr/2015		1,442,592,998		4,196,713,389
Apr/2015	May/2015		1,412,458,801		4,151,403,174
May/2015	Jun/2015		1,386,173,067		4,042,774,840
Jun/2015	Jul/2015		1,335,852,589		3,993,616,162
Jul/2015	Aug/2015		1,308,259,830		3,950,484,323
Aug/2015	Sep/2015		1,284,951,210		3,801,047,750
Sep/2015	Oct/2015		1,218,220,301		3,728,362,614
Oct/2015	Nov/2015		1,188,013,491		3,539,279,604
Nov/2015	Dec/2015		1,101,459,364		3,484,965,437
Dec/2015	Jan/2016		1,080,619,570		3,419,759,391
Jan/2016	Feb/2016		1,057,819,237		3,372,052,963
Feb/2016	Mar/2016		1,034,801,068		3,322,313,385
Mar/2016	Apr/2016		1,016,067,037		3,285,789,286
Apr/2016	May/2016		998,857,869		3,234,307,007

109


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
May/2016	Jun/2016		979,688,163		3,172,150,687
Jun/2016	Jul/2016		954,273,779		3,051,396,061
Jul/2016	Aug/2016		908,673,115		2,978,783,538
Aug/2016	Sep/2016		884,347,920		2,929,261,797
Sep/2016	Oct/2016		870,043,253		2,881,627,982
Oct/2016	Nov/2016		850,220,034		2,816,857,611
Nov/2016	Dec/2016		827,855,377		2,687,607,320
Dec/2016	Jan/2017		802,876,669		2,576,292,322
Jan/2017	Feb/2017		775,211,297		2,421,700,260
Feb/2017	Mar/2017		720,163,743		2,393,308,763
Mar/2017	Apr/2017		709,845,504		2,365,498,167
Apr/2017	May/2017		699,737,841		2,257,160,283
May/2017	Jun/2017		656,134,021		2,220,854,021
Jun/2017	Jul/2017		643,317,910		2,194,132,612
Jul/2017	Aug/2017		634,350,264		2,167,629,041
Aug/2017	Sep/2017		625,571,410		2,141,270,696
Sep/2017	Oct/2017		617,184,663		2,115,420,637
Oct/2017	Nov/2017		608,957,664		2,089,715,804
Nov/2017	Dec/2017		600,890,413		2,064,301,421
Dec/2017	Jan/2018		592,997,432		2,039,250,101
Jan/2018	Feb/2018		585,264,198		2,014,489,230
Feb/2018	Mar/2018		577,697,973		1,990,091,422
Mar/2018	Apr/2018		570,414,937		1,966,056,677
Apr/2018	May/2018		563,364,261		1,942,094,545
May/2018	Jun/2018		555,899,694		1,917,769,349
Jun/2018	Jul/2018		548,856,279		1,894,170,279
Jul/2018	Aug/2018		542,342,936		1,870,789,047
Aug/2018	Sep/2018		535,960,295		1,847,698,264
Sep/2018	Oct/2018		529,693,834		1,824,825,320
Oct/2018	Nov/2018		523,398,328		1,802,024,987
Nov/2018	Dec/2018		517,415,056		1,779,515,105
Dec/2018	Jan/2019		511,809,370		1,757,295,673
Jan/2019	Feb/2019		506,399,737		1,735,439,304
Feb/2019	Mar/2019		501,273,292		1,713,873,384
Mar/2019	Apr/2019		496,248,506		1,692,525,302
Apr/2019	May/2019		491,325,377		1,671,322,446
May/2019	Jun/2019		486,489,383		1,650,192,201
Jun/2019	Jul/2019		481,762,307		1,629,279,795
Jul/2019	Aug/2019		477,122,367		1,608,512,613
Aug/2019	Sep/2019		472,569,562		1,587,818,044
Sep/2019	Oct/2019		468,096,631		1,567,268,700
Oct/2019	Nov/2019		463,710,834		1,546,864,581
Nov/2019	Dec/2019		459,419,434		1,526,533,074
Dec/2019	Jan/2020		455,215,169		1,506,492,018
Jan/2020	Feb/2020		451,098,039		1,486,814,024

110


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Feb/2020	Mar/2020		447,060,783		1,467,353,868
Mar/2020	Apr/2020		443,110,661		1,447,966,324
Apr/2020	May/2020		439,233,153		1,428,941,843
May/2020	Jun/2020		435,442,779		1,410,135,200
Jun/2020	Jul/2020		431,746,801		1,391,546,394
Jul/2020	Aug/2020		428,123,437		1,373,102,813
Aug/2020	Sep/2020		424,572,684		1,354,804,457
Sep/2020	Oct/2020		421,087,283		1,336,723,939
Oct/2020	Nov/2020		417,667,233		1,319,006,483
Nov/2020	Dec/2020		414,312,535		1,301,434,253
Dec/2020	Jan/2021		411,015,926		1,283,862,022
Jan/2021	Feb/2021		407,791,930		1,266,507,629
Feb/2021	Mar/2021		404,626,024		1,249,225,849
Mar/2021	Apr/2021		401,518,208		1,232,161,906
Apr/2021	May/2021		398,475,743		1,215,243,188
May/2021	Jun/2021		395,484,107		1,198,397,082
Jun/2021	Jul/2021		392,550,561		1,181,696,202
Jul/2021	Aug/2021		389,682,367		1,165,067,934
Aug/2021	Sep/2021		386,865,001		1,148,657,504
Sep/2021	Oct/2021		384,098,464		1,132,537,524
Oct/2021	Nov/2021		381,390,017		1,116,417,544
Nov/2021	Dec/2021		378,732,398		1,100,515,401
Dec/2021	Jan/2022		376,125,609		1,084,685,871
Jan/2022	Feb/2022		373,569,648		1,069,001,566
Feb/2022	Mar/2022		371,064,516		1,053,389,874
Mar/2022	Apr/2022		368,602,951		1,037,850,794
Apr/2022	May/2022		366,192,216		1,022,456,939
May/2022	Jun/2022		363,825,047		1,007,063,084
Jun/2022	Jul/2022		361,501,447		991,887,066
Jul/2022	Aug/2022		359,221,413		976,783,662
Aug/2022	Sep/2022		356,984,948		961,680,257
Sep/2022	Oct/2022		354,792,049		946,794,690
Oct/2022	Nov/2022		352,642,719		932,126,960
Nov/2022	Dec/2022		350,536,956		917,604,455
Dec/2022	Jan/2023		348,474,760		903,227,176
Jan/2023	Feb/2023		346,448,871		889,067,734
Feb/2023	Mar/2023		344,488,332		875,198,742
Mar/2023	Apr/2023		342,564,101		861,692,812
Apr/2023	May/2023		340,683,436		848,259,496
May/2023	Jun/2023		338,831,817		835,116,629
Jun/2023	Jul/2023		337,009,243		822,409,437
Jul/2023	Aug/2023		335,208,452		810,283,146
Aug/2023	Sep/2023		333,451,229		798,229,467
Sep/2023	Oct/2023		331,730,312		786,321,013
Oct/2023	Nov/2023		330,045,702		774,557,785

111


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Nov/2023	Dec/2023		328,390,136		762,867,168
Dec/2023	Jan/2024		326,763,615		751,467,002
Jan/2024	Feb/2024		325,173,401		740,357,286
Feb/2024	Mar/2024		323,612,232		729,392,795
Mar/2024	Apr/2024		322,087,369		718,566,268
Apr/2024	May/2024		320,591,551		707,892,227
May/2024	Jun/2024		319,124,778		697,450,546
Jun/2024	Jul/2024		317,687,050		687,430,018
Jul/2024	Aug/2024		316,278,367		677,591,021
Aug/2024	Sep/2024		314,898,729		667,904,511
Sep/2024	Oct/2024		313,533,614		658,668,198
Oct/2024	Nov/2024		312,197,543		649,664,245
Nov/2024	Dec/2024		310,890,518		640,740,166
Dec/2024	Jan/2025		309,590,754		631,845,132
Jan/2025	Feb/2025		308,334,557		623,153,413
Feb/2025	Mar/2025		307,107,405		614,679,531
Mar/2025	Apr/2025		305,909,299		606,256,478
Apr/2025	May/2025		304,732,976		597,884,254
May/2025	Jun/2025		303,592,959		589,577,382
Jun/2025	Jul/2025		302,467,465		581,328,599
Jul/2025	Aug/2025		301,356,494		573,137,907
Aug/2025	Sep/2025		300,274,567		564,983,520
Sep/2025	Oct/2025		299,221,685		556,887,224
Oct/2025	Nov/2025		298,183,326		548,878,063
Nov/2025	Dec/2025		297,094,139		541,079,478
Dec/2025	Jan/2026		296,106,608		533,411,595
Jan/2026	Feb/2026		295,148,123		525,801,803
Feb/2026	Mar/2026		294,211,421		518,271,884
Mar/2026	Apr/2026		293,223,891		511,010,632
Apr/2026	May/2026		292,316,235		503,945,433
May/2026	Jun/2026		291,430,362		496,967,370
Jun/2026	Jul/2026		290,559,011		490,047,396
Jul/2026	Aug/2026		289,716,706		483,178,252
Aug/2026	Sep/2026		288,881,662		476,439,809
Sep/2026	Oct/2026		288,068,402		469,897,421
Oct/2026	Nov/2026		287,262,403		463,623,699
Nov/2026	Dec/2026		286,478,188		457,662,211
Dec/2026	Jan/2027		285,715,756		451,744,290
Jan/2027	Feb/2027		284,960,586		445,877,198
Feb/2027	Mar/2027		284,227,199		440,213,422
Mar/2027	Apr/2027		283,501,074		434,636,780
Apr/2027	May/2027		282,796,733		429,110,967
May/2027	Jun/2027		282,106,914		423,621,460
Jun/2027	Jul/2027		281,431,617		418,175,521
Jul/2027	Aug/2027		280,770,843		412,773,149

112


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Aug/2027	Sep/2027		280,124,592		407,421,606
Sep/2027	Oct/2027		279,500,124		402,149,937
Oct/2027	Nov/2027		278,882,918		396,885,529
Nov/2027	Dec/2027		278,280,234		391,700,995
Dec/2027	Jan/2028		277,692,072		386,574,551
Jan/2028	Feb/2028		277,118,433		381,491,674
Feb/2028	Mar/2028		276,552,056		376,452,365
Mar/2028	Apr/2028		276,000,201		371,449,362
Apr/2028	May/2028		275,462,868		366,489,927
May/2028	Jun/2028		274,932,796		361,653,933
Jun/2028	Jul/2028		274,417,248		356,992,209
Jul/2028	Aug/2028		273,901,699		352,410,359
Aug/2028	Sep/2028		273,371,627		347,857,553
Sep/2028	Oct/2028		272,848,817		343,341,055
Oct/2028	Nov/2028		272,340,529		338,868,123
Nov/2028	Dec/2028		271,476,440		334,424,237
Dec/2028	Jan/2029		270,989,936		329,878,693
Jan/2029	Feb/2029		270,510,694		325,601,815
Feb/2029	Mar/2029		270,038,712		321,361,244
Mar/2029	Apr/2029		269,573,992		316,960,925
Apr/2029	May/2029		268,782,516		312,792,966
May/2029	Jun/2029		268,332,318		308,654,052
Jun/2029	Jul/2029		267,911,165		304,551,445
Jul/2029	Aug/2029		267,526,319		300,485,143
Aug/2029	Sep/2029		267,148,734		296,455,148
Sep/2029	Oct/2029		266,785,671		292,454,198
Oct/2029	Nov/2029		266,429,870		288,489,555
Nov/2029	Dec/2029		266,081,330		284,648,352
Dec/2029	Jan/2030		265,638,393		280,778,105
Jan/2030	Feb/2030		265,304,376		277,394,361
Feb/2030	Mar/2030		263,868,347		275,243,331
Mar/2030	Apr/2030		262,218,610		273,349,577
Apr/2030	May/2030		260,582,300		271,471,441
May/2030	Jun/2030		259,002,982		269,652,493
Jun/2030	Jul/2030		257,458,839		267,870,983
Jul/2030	Aug/2030		255,928,132		266,105,081
Aug/2030	Sep/2030		254,447,176		264,391,086
Sep/2030	Oct/2030		252,979,637		262,692,719
Oct/2030	Nov/2030		251,529,142		261,013,614
Nov/2030	Dec/2030		249,997,672		259,255,736
Dec/2030	Jan/2031		248,574,065		257,607,834
Jan/2031	Feb/2031		247,171,111		255,982,846
Feb/2031	Mar/2031		245,788,803		254,380,779
Mar/2031	Apr/2031		244,419,919		252,794,333
Apr/2031	May/2031		243,068,076		251,227,153

113


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
May/2031	Jun/2031		241,805,865		249,751,871
Jun/2031	Jul/2031		240,564,348		248,299,464
Jul/2031	Aug/2031		239,336,250		246,862,683
Aug/2031	Sep/2031		238,110,658		245,430,656
Sep/2031	Oct/2031		236,894,841		244,010,639
Oct/2031	Nov/2031		235,695,984		242,609,968
Nov/2031	Dec/2031		234,514,004		241,228,726
Dec/2031	Jan/2032		233,334,235		239,852,533
Jan/2032	Feb/2032		232,171,300		238,495,814
Feb/2032	Mar/2032		231,018,170		237,151,074
Mar/2032	Apr/2032		229,882,156		235,825,522
Apr/2032	May/2032		228,752,311		234,508,326
May/2032	Jun/2032		227,635,958		233,206,682
Jun/2032	Jul/2032		226,529,461		231,916,965
Jul/2032	Aug/2032		225,432,808		230,639,189
Aug/2032	Sep/2032		224,346,012		229,373,339
Sep/2032	Oct/2032		223,276,321		228,126,691
Oct/2032	Nov/2032		222,220,087		226,895,630
Nov/2032	Dec/2032		221,170,053		225,672,892
Dec/2032	Jan/2033		220,133,483		224,465,735
Jan/2033	Feb/2033		219,106,197		223,271,077
Feb/2033	Mar/2033		218,088,781		222,088,334
Mar/2033	Apr/2033		216,914,263		220,750,459
Apr/2033	May/2033		215,716,950		219,391,812
May/2033	Jun/2033		214,427,884		217,943,385
Jun/2033	Jul/2033		213,348,355		216,706,575
Jul/2033	Aug/2033		211,207,624		214,410,680
Aug/2033	Sep/2033		209,163,918		212,213,815
Sep/2033	Oct/2033		208,070,432		210,969,178
Oct/2033	Nov/2033		206,511,241		209,260,806
Nov/2033	Dec/2033		205,183,344		207,785,859
Dec/2033	Jan/2034		202,830,538		205,288,148
Jan/2034	Feb/2034		201,899,833		204,214,747
Feb/2034	Mar/2034		200,728,264		202,902,968
Mar/2034	Apr/2034		198,476,755		200,514,537
Apr/2034	May/2034		197,534,240		199,438,424
May/2034	Jun/2034		196,594,143		198,367,154
Jun/2034	Jul/2034		195,536,593		197,180,978
Jul/2034	Aug/2034		187,274,121		188,793,397
Aug/2034	Sep/2034		185,384,126		186,784,101
Sep/2034	Oct/2034		183,353,499		184,639,507
Oct/2034	Nov/2034		180,270,974		181,448,310
Nov/2034	Dec/2034		178,420,304		179,494,084
Dec/2034	Jan/2035		177,363,862		178,343,105
Jan/2035	Feb/2035		173,563,110		174,454,191

114


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Feb/2035	Mar/2035		172,313,479		173,118,816
Mar/2035	Apr/2035		170,634,378		171,356,083
Apr/2035	May/2035		166,677,662		167,318,160
May/2035	Jun/2035		162,661,322		163,223,682
Jun/2035	Jul/2035		161,273,866		161,764,728
Jul/2035	Aug/2035		155,616,610		156,043,600
Aug/2035	Sep/2035		152,924,686		153,296,846
Sep/2035	Oct/2035		149,208,996		149,533,446
Oct/2035	Nov/2035		147,140,812		147,426,411
Nov/2035	Dec/2035		141,197,122		141,447,125
Dec/2035	Jan/2036		136,246,837		136,464,016
Jan/2036	Feb/2036		132,117,867		132,307,897
Feb/2036	Mar/2036		124,150,673		124,314,859
Mar/2036	Apr/2036		120,282,175		120,421,078
Apr/2036	May/2036		117,598,333		117,709,810
May/2036	Jun/2036		111,077,306		111,175,105
Jun/2036	Jul/2036		108,668,755		108,754,923
Jul/2036	Aug/2036		106,311,912		106,386,143
Aug/2036	Sep/2036		105,385,045		105,447,594
Sep/2036	Oct/2036		103,438,616		103,490,374
Oct/2036	Nov/2036		99,500,668		99,541,876
Nov/2036	Dec/2036		97,751,832		97,782,801
Dec/2036	Jan/2037		89,803,129		89,824,278
Jan/2037	Feb/2037		82,501,365		82,513,498
Feb/2037	Mar/2037		77,638,469		77,643,412
Mar/2037	Apr/2037		70,544,260		70,545,503
Apr/2037	May/2037		67,497,264		67,498,130
May/2037	Jun/2037		63,701,463		63,702,292
Jun/2037	Jul/2037		60,583,854		60,584,663
Jul/2037	Aug/2037		54,969,464		54,970,253
Aug/2037	Sep/2037		53,820,743		53,821,513
Sep/2037	Oct/2037		43,653,548		43,654,298
Oct/2037	Nov/2037		38,629,496		38,630,229
Nov/2037	Dec/2037		36,871,189		36,871,912
Dec/2037	Jan/2038		33,975,770		33,976,482
Jan/2038	Feb/2038		33,340,778		33,341,480
Feb/2038	Mar/2038		31,143,892		31,144,583
Mar/2038	Apr/2038		31,029,895		31,030,576
Apr/2038	May/2038		29,710,531		29,711,201
May/2038	Jun/2038		28,556,360		28,557,020
Jun/2038	Jul/2038		28,315,292		28,315,941
Jul/2038	Aug/2038		22,024,874		22,025,513
Aug/2038	Sep/2038		19,248,902		19,249,532
Sep/2038	Oct/2038		16,724,896		16,725,515
Oct/2038	Nov/2038		15,403,716		15,404,326

115


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Nov/2038	Dec/2038		12,641,431		12,642,031
Dec/2038	Jan/2039		9,109,962		9,110,553
Jan/2039	Feb/2039		7,753,093		7,753,674
Feb/2039	Mar/2039		6,707,877		6,708,448
Mar/2039	Apr/2039		5,629,622		5,630,184
Apr/2039	May/2039		3,281,265		3,281,818
May/2039	Jun/2039		3,281,016		3,281,559
Jun/2039	Jul/2039		3,280,766		3,281,300
Jul/2039	Aug/2039		3,280,517		3,281,041
Aug/2039	Sep/2039		3,280,267		3,280,783
Sep/2039	Oct/2039		3,280,017		3,280,524
Oct/2039	Nov/2039		3,279,804		3,280,302
Nov/2039	Dec/2039		3,279,554		3,280,043
Dec/2039	Jan/2040		3,279,305		3,279,785
Jan/2040	Feb/2040		3,279,091		3,279,563
Feb/2040	Mar/2040		3,278,877		3,279,340
Mar/2040	Apr/2040		3,278,628		3,279,082
Apr/2040	May/2040		3,278,378		3,278,824
May/2040	Jun/2040		3,278,164		3,278,602
Jun/2040	Jul/2040		3,277,987		3,278,416
Jul/2040	Aug/2040		3,277,737		3,278,158
Aug/2040	Sep/2040		3,277,523		3,277,936
Sep/2040	Oct/2040		3,277,309		3,277,714
Oct/2040	Nov/2040		3,277,095		3,277,492
Nov/2040	Dec/2040		3,276,881		3,277,270
Dec/2040	Jan/2041		3,276,668		3,277,048
Jan/2041	Feb/2041		3,276,490		3,276,863
Feb/2041	Mar/2041		3,276,276		3,276,641
Mar/2041	Apr/2041		3,276,098		3,276,456
Apr/2041	May/2041		3,275,848		3,276,198
May/2041	Jun/2041		3,275,670		3,276,013
Jun/2041	Jul/2041		3,275,492		3,275,827
Jul/2041	Aug/2041		3,275,278		3,275,606
Aug/2041	Sep/2041		3,275,100		3,275,421
Sep/2041	Oct/2041		3,274,886		3,275,199
Oct/2041	Nov/2041		3,274,708		3,275,014
Nov/2041	Dec/2041		3,274,530		3,274,829
Dec/2041	Jan/2042		3,274,352		3,274,644
Jan/2042	Feb/2042		3,274,174		3,274,459
Feb/2042	Mar/2042		3,273,996		3,274,274
Mar/2042	Apr/2042		3,273,818		3,274,089
Apr/2042	May/2042		3,273,640		3,273,904
May/2042	Jun/2042		3,273,462		3,273,719
Jun/2042	Jul/2042		3,273,284		3,273,534
Jul/2042	Aug/2042		3,273,142		3,273,385

116


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Aug/2042	Sep/2042		3,272,964		3,273,201
Sep/2042	Oct/2042		3,272,822		3,273,052
Oct/2042	Nov/2042		3,272,607		3,272,831
Nov/2042	Dec/2042		3,272,465		3,272,683
Dec/2042	Jan/2043		3,272,287		3,272,498
Jan/2043	Feb/2043		3,272,145		3,272,350
Feb/2043	Mar/2043		3,272,002		3,272,201
Mar/2043	Apr/2043		3,271,824		3,272,017
Apr/2043	May/2043		3,271,682		3,271,868
May/2043	Jun/2043		3,271,540		3,271,720
Jun/2043	Jul/2043		3,271,361		3,271,536
Jul/2043	Aug/2043		3,271,219		3,271,387
Aug/2043	Sep/2043		3,271,077		3,271,239
Sep/2043	Oct/2043		3,270,934		3,271,091
Oct/2043	Nov/2043		3,270,792		3,270,943
Nov/2043	Dec/2043		3,270,650		3,270,795
Dec/2043	Jan/2044		3,270,507		3,270,647
Jan/2044	Feb/2044		3,270,365		3,270,499
Feb/2044	Mar/2044		3,270,222		3,270,351
Mar/2044	Apr/2044		3,270,116		3,270,239
Apr/2044	May/2044		3,269,937		3,270,055
May/2044	Jun/2044		3,269,795		3,269,907
Jun/2044	Jul/2044		3,269,688		3,269,795
Jul/2044	Aug/2044		3,269,546		3,269,647
Aug/2044	Sep/2044		3,269,403		3,269,500
Sep/2044	Oct/2044		3,269,297		3,269,388
Oct/2044	Nov/2044		3,269,154		3,269,240
Nov/2044	Dec/2044		3,269,048		3,269,129
Dec/2044	Jan/2045		3,268,942		3,269,017
Jan/2045	Feb/2045		3,268,799		3,268,870
Feb/2045	Mar/2045		3,268,692		3,268,758
Mar/2045	Apr/2045		3,268,550		3,268,611
Apr/2045	May/2045		3,268,443		3,268,499
May/2045	Jun/2045		3,268,300		3,268,352
Jun/2045	Jul/2045		3,268,194		3,268,240
Jul/2045	Aug/2045		3,268,087		3,268,129
Aug/2045	Sep/2045		3,267,980		3,268,018
Sep/2045	Oct/2045		3,267,874		3,267,907
Oct/2045	Nov/2045		3,267,767		3,267,796
Nov/2045	Dec/2045		3,267,661		3,267,684
Dec/2045	Jan/2046		3,267,554		3,267,573
Jan/2046	Feb/2046		3,267,447		3,267,462
Feb/2046	Mar/2046		3,267,377		3,267,387
Mar/2046	Apr/2046		3,267,270		3,267,276
Apr/2046	May/2046		3,266,945		3,266,947

117


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
May/2046	Jun/2046		3,266,837		3,266,837
Jun/2046	Jul/2046		3,093,366		3,093,366
Jul/2046	Aug/2046		3,093,293		3,093,293
Aug/2046	Sep/2046		3,093,185		3,093,185
Sep/2046	Oct/2046		3,093,112		3,093,112
Oct/2046	Nov/2046		3,093,003		3,093,003
Nov/2046	Dec/2046		3,092,930		3,092,930
Dec/2046	Jan/2047		3,092,858		3,092,858
Jan/2047	Feb/2047		3,092,749		3,092,749
Feb/2047	Mar/2047		3,092,676		3,092,676
Mar/2047	Apr/2047		3,092,604		3,092,604
Apr/2047	May/2047		3,092,531		3,092,531
May/2047	Jun/2047		3,092,495		3,092,495
Jun/2047	Jul/2047		3,092,458		3,092,458
Jul/2047	Aug/2047		3,092,458		3,092,458
Aug/2047	Sep/2047		3,092,458		3,092,458
Sep/2047	Oct/2047		—		—
Oct/2047	Nov/2047		—		—
Nov/2047	Dec/2047		—		—
Dec/2047	Jan/2048		—		—
Jan/2048	Feb/2048		—		—
Feb/2048	Mar/2048		—		—
Mar/2048	Apr/2048		—		—
Apr/2048	May/2048		—		—
May/2048	Jun/2048		—		—
Jun/2048	Jul/2048		—		—
Jul/2048	Aug/2048		—		—
Aug/2048	Sep/2048		—		—
Sep/2048	Oct/2048		—		—
Oct/2048	Nov/2048		—		—
Nov/2048	Dec/2048		—		—

118

SCHEDULE 4

FLOATING RATE MINIMUM AND MAXIMUM GUARANTEED VALUES


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Apr/2009	May/2009		12,471,942,421		12,751,797,796
May/2009	Jun/2009		12,275,244,174		12,778,659,290
Jun/2009	Jul/2009		12,101,187,452		12,786,700,063
Jul/2009	Aug/2009		11,908,734,492		12,767,585,689
Aug/2009	Sep/2009		11,692,932,459		12,713,006,744
Sep/2009	Oct/2009		11,448,120,972		12,697,223,987
Oct/2009	Nov/2009		11,245,762,344		12,665,830,011
Nov/2009	Dec/2009		11,039,158,430		12,606,846,469
Dec/2009	Jan/2010		10,848,120,565		12,653,369,883
Jan/2010	Feb/2010		10,672,648,748		12,650,877,216
Feb/2010	Mar/2010		10,490,101,454		12,671,363,708
Mar/2010	Apr/2010		10,333,025,876		12,713,242,536
Apr/2010	May/2010		10,191,516,346		12,745,771,171
May/2010	Jun/2010		10,029,487,934		12,784,151,325
Jun/2010	Jul/2010		9,895,761,428		13,057,593,177
Jul/2010	Aug/2010		9,922,648,239		13,138,958,486
Aug/2010	Sep/2010		9,812,978,353		13,155,968,606
Sep/2010	Oct/2010		9,670,053,728		13,221,497,124
Oct/2010	Nov/2010		9,553,308,366		13,186,320,727
Nov/2010	Dec/2010		9,367,930,882		13,171,073,486
Dec/2010	Jan/2011		9,190,336,422		13,099,261,837
Jan/2011	Feb/2011		8,989,392,889		13,012,178,081
Feb/2011	Mar/2011		8,781,373,880		12,922,120,763
Mar/2011	Apr/2011		8,574,062,419		12,857,613,828
Apr/2011	May/2011		8,392,930,220		12,763,760,576
May/2011	Jun/2011		8,194,109,331		12,666,044,072
Jun/2011	Jul/2011		7,994,580,894		12,568,532,038
Jul/2011	Aug/2011		7,802,127,933		12,468,455,113
Aug/2011	Sep/2011		7,611,090,068		12,393,099,571
Sep/2011	Oct/2011		7,442,693,727		12,299,267,891
Oct/2011	Nov/2011		7,264,391,719		12,215,174,893
Nov/2011	Dec/2011		7,095,995,379		12,142,931,160
Dec/2011	Jan/2012		6,939,556,593		12,037,257,307
Jan/2012	Feb/2012		6,767,481,005		11,959,054,755
Feb/2012	Mar/2012		6,617,197,884		11,879,335,190
Mar/2012	Apr/2012		6,520,688,385		11,745,069,095
Apr/2012	May/2012		6,399,626,982		11,876,250,832
May/2012	Jun/2012		6,424,108,130		11,872,739,914
Jun/2012	Jul/2012		6,391,914,712		11,767,872,047

119


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Jul/2012	Aug/2012		6,305,098,616		11,777,434,846
Aug/2012	Sep/2012		6,283,942,941		11,603,790,870
Sep/2012	Oct/2012		6,167,975,881		11,384,962,851
Oct/2012	Nov/2012		6,029,650,316		11,277,416,663
Nov/2012	Dec/2012		5,928,046,473		11,053,663,471
Dec/2012	Jan/2013		5,794,815,251		10,975,507,103
Jan/2013	Feb/2013		5,722,433,126		10,803,689,609
Feb/2013	Mar/2013		5,625,569,853		10,675,218,625
Mar/2013	Apr/2013		5,554,956,598		10,510,593,076
Apr/2013	May/2013		5,463,187,667		10,290,250,385
May/2013	Jun/2013		5,343,187,586		10,088,290,748
Jun/2013	Jul/2013		5,228,069,583		9,859,357,843
Jul/2013	Aug/2013		5,113,093,090		9,651,561,724
Aug/2013	Sep/2013		5,010,993,965		9,455,993,738
Sep/2013	Oct/2013		4,918,305,222		9,255,689,826
Oct/2013	Nov/2013		4,827,951,388		9,082,350,801
Nov/2013	Dec/2013		4,755,215,489		8,965,595,144
Dec/2013	Jan/2014		4,687,927,708		8,753,756,641
Jan/2014	Feb/2014		4,597,007,835		8,555,666,180
Feb/2014	Mar/2014		4,517,337,969		8,487,741,606
Mar/2014	Apr/2014		4,438,021,878		8,496,232,177
Apr/2014	May/2014		4,406,819,026		8,430,430,246
May/2014	Jun/2014		4,334,224,638		8,459,439,700
Jun/2014	Jul/2014		4,317,951,042		8,363,920,767
Jul/2014	Aug/2014		4,230,781,171		8,281,137,692
Aug/2014	Sep/2014		4,151,677,344		8,187,033,854
Sep/2014	Oct/2014		4,067,408,419		8,094,345,112
Oct/2014	Nov/2014		3,985,757,420		8,003,071,465
Nov/2014	Dec/2014		3,906,299,819		7,913,212,914
Dec/2014	Jan/2015		3,828,540,332		7,824,769,458
Jan/2015	Feb/2015		3,752,691,224		7,737,033,549
Feb/2015	Mar/2015		3,679,530,797		7,679,014,642
Mar/2015	Apr/2015		3,622,077,928		7,594,816,472
Apr/2015	May/2015		3,554,860,902		7,511,325,849
May/2015	Jun/2015		3,486,794,818		7,490,806,967
Jun/2015	Jul/2015		3,444,624,978		7,414,391,821
Jul/2015	Aug/2015		3,383,209,842		7,333,731,389
Aug/2015	Sep/2015		3,320,025,837		7,357,080,461
Sep/2015	Oct/2015		3,301,488,088		7,308,259,674
Oct/2015	Nov/2015		3,249,766,355		7,373,354,057
Nov/2015	Dec/2015		3,254,789,943		7,308,259,674
Dec/2015	Jan/2016		3,197,549,338		7,255,193,600
Jan/2016	Feb/2016		3,144,129,491		7,185,853,930
Feb/2016	Mar/2016		3,092,620,022		7,120,051,999
Mar/2016	Apr/2016		3,038,421,872		7,041,584,964

120


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Apr/2016	May/2016		2,983,728,439		6,978,188,695
May/2016	Jun/2016		2,932,360,479		6,924,556,583
Jun/2016	Jul/2016		2,888,704,789		6,929,367,907
Jul/2016	Aug/2016		2,866,558,548		6,888,188,634
Aug/2016	Sep/2016		2,825,308,520		6,824,650,855
Sep/2016	Oct/2016		2,775,780,184		6,761,183,831
Oct/2016	Nov/2016		2,732,973,552		6,715,971,536
Nov/2016	Dec/2016		2,693,987,676		6,735,216,832
Dec/2016	Jan/2017		2,658,964,067		6,739,037,589
Jan/2017	Feb/2017		2,627,761,216		6,786,372,527
Feb/2017	Mar/2017		2,624,506,497		6,712,221,533
Mar/2017	Apr/2017		2,578,869,674		6,638,707,333
Apr/2017	May/2017		2,533,940,398		6,645,499,790
May/2017	Jun/2017		2,522,619,635		6,583,447,861
Jun/2017	Jul/2017		2,482,218,665		6,512,551,587
Jul/2017	Aug/2017		2,438,633,729		6,442,221,350
Aug/2017	Sep/2017		2,395,614,832		6,372,457,152
Sep/2017	Oct/2017		2,353,303,483		6,303,329,747
Oct/2017	Nov/2017		2,311,911,945		6,235,192,908
Nov/2017	Dec/2017		2,271,369,465		6,167,905,127
Dec/2017	Jan/2018		2,231,817,551		6,102,173,950
Jan/2018	Feb/2018		2,193,043,940		6,038,070,133
Feb/2018	Mar/2018		2,155,119,386		5,975,027,637
Mar/2018	Apr/2018		2,118,043,889		5,912,834,199
Apr/2018	May/2018		2,081,675,940		5,851,843,591
May/2018	Jun/2018		2,046,157,048		5,791,772,796
Jun/2018	Jul/2018		2,011,345,704		5,732,338,793
Jul/2018	Aug/2018		1,977,312,662		5,673,470,829
Aug/2018	Sep/2018		1,944,057,922		5,614,673,619
Sep/2018	Oct/2018		1,911,581,485		5,556,796,221
Oct/2018	Nov/2018		1,879,741,841		5,499,343,352
Nov/2018	Dec/2018		1,848,609,744		5,442,385,767
Dec/2018	Jan/2019		1,818,043,686		5,385,994,219
Jan/2019	Feb/2019		1,788,043,665		5,330,451,728
Feb/2019	Mar/2019		1,758,680,438		5,275,616,786
Mar/2019	Apr/2019		1,730,024,758		5,221,347,881
Apr/2019	May/2019		1,701,864,362		5,167,715,769
May/2019	Jun/2019		1,674,270,003		5,114,791,205
Jun/2019	Jul/2019		1,647,241,683		5,062,432,679
Jul/2019	Aug/2019		1,620,779,401		5,010,498,681
Aug/2019	Sep/2019		1,594,883,157		4,958,989,212
Sep/2019	Oct/2019		1,568,916,158		4,907,975,027
Oct/2019	Nov/2019		1,543,373,688		4,857,456,125
Nov/2019	Dec/2019		1,518,397,256		4,807,432,506
Dec/2019	Jan/2020		1,493,916,108		4,757,904,170

121


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Jan/2020	Feb/2020		1,469,930,242		4,708,871,118
Feb/2020	Mar/2020		1,446,439,660		4,660,333,349
Mar/2020	Apr/2020		1,423,373,607		4,612,220,109
Apr/2020	May/2020		1,400,802,837		4,564,319,133
May/2020	Jun/2020		1,378,656,595		4,517,125,705
Jun/2020	Jul/2020		1,356,934,883		4,470,710,579
Jul/2020	Aug/2020		1,335,708,453		4,424,649,227
Aug/2020	Sep/2020		1,314,977,307		4,379,224,668
Sep/2020	Oct/2020		1,294,599,935		4,334,083,128
Oct/2020	Nov/2020		1,274,717,846		4,289,507,626
Nov/2020	Dec/2020		1,255,260,285		4,245,427,408
Dec/2020	Jan/2021		1,236,156,499		4,201,700,963
Jan/2021	Feb/2021		1,217,406,486		4,158,682,066
Feb/2021	Mar/2021		1,199,081,002		4,116,016,942
Mar/2021	Apr/2021		1,181,180,046		4,073,847,103
Apr/2021	May/2021		1,163,562,110		4,031,889,527
May/2021	Jun/2021		1,146,227,192		3,990,356,480
Jun/2021	Jul/2021		1,129,246,049		3,949,035,697
Jul/2021	Aug/2021		1,112,547,924		3,908,139,443
Aug/2021	Sep/2021		1,096,203,574		3,867,526,208
Sep/2021	Oct/2021		1,080,212,997		3,827,125,237
Oct/2021	Nov/2021		1,064,505,439		3,787,431,814
Nov/2021	Dec/2021		1,049,151,655		3,747,950,655
Dec/2021	Jan/2022		1,034,222,400		3,708,894,025
Jan/2022	Feb/2022		1,019,576,163		3,670,261,923
Feb/2022	Mar/2022		1,005,212,946		3,632,195,860
Mar/2022	Apr/2022		991,203,502		3,594,059,041
Apr/2022	May/2022		977,406,323		3,555,992,978
May/2022	Jun/2022		963,962,918		3,518,351,443
Jun/2022	Jul/2022		950,802,532		3,481,134,436
Jul/2022	Aug/2022		937,925,164		3,444,341,959
Aug/2022	Sep/2022		925,260,061		3,407,903,255
Sep/2022	Oct/2022		912,948,732		3,371,606,060
Oct/2022	Nov/2022		900,778,913		3,335,379,621
Nov/2022	Dec/2022		888,962,867		3,299,436,200
Dec/2022	Jan/2023		877,359,086		3,263,846,553
Jan/2023	Feb/2023		865,896,814		3,228,539,925
Feb/2023	Mar/2023		854,717,561		3,193,516,317
Mar/2023	Apr/2023		843,679,817		3,158,846,482
Apr/2023	May/2023		832,995,848		3,124,601,176
May/2023	Jun/2023		822,524,143		3,090,568,134
Jun/2023	Jul/2023		812,264,702		3,056,959,620
Jul/2023	Aug/2023		802,217,525		3,023,917,145
Aug/2023	Sep/2023		792,382,613		2,991,086,934
Sep/2023	Oct/2023		782,759,965		2,958,610,497

122


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Oct/2023	Nov/2023		773,278,826		2,926,417,079
Nov/2023	Dec/2023		764,080,707		2,894,435,925
Dec/2023	Jan/2024		755,024,097		2,862,879,300
Jan/2024	Feb/2024		746,108,997		2,831,605,694
Feb/2024	Mar/2024		737,476,915		2,800,615,107
Mar/2024	Apr/2024		728,915,589		2,769,978,294
Apr/2024	May/2024		720,849,545		2,739,482,990
May/2024	Jun/2024		712,854,257		2,709,270,705
Jun/2024	Jul/2024		705,057,082		2,679,412,195
Jul/2024	Aug/2024		697,458,020		2,649,765,948
Aug/2024	Sep/2024		690,035,845		2,620,331,966
Sep/2024	Oct/2024		682,769,331		2,591,322,512
Oct/2024	Nov/2024		675,658,477		2,562,596,078
Nov/2024	Dec/2024		668,703,284		2,534,011,153
Dec/2024	Jan/2025		661,882,524		2,505,638,492
Jan/2025	Feb/2025		655,210,350		2,477,548,850
Feb/2025	Mar/2025		648,658,459		2,449,742,227
Mar/2025	Apr/2025		642,255,153		2,422,218,624
Apr/2025	May/2025		636,000,431		2,394,836,530
May/2025	Jun/2025		629,865,993		2,367,737,455
Jun/2025	Jul/2025		623,865,989		2,340,850,644
Jul/2025	Aug/2025		617,993,344		2,314,246,853
Aug/2025	Sep/2025		612,233,906		2,287,784,570
Sep/2025	Oct/2025		606,623,053		2,261,605,307
Oct/2025	Nov/2025		601,111,257		2,235,567,554
Nov/2025	Dec/2025		595,712,668		2,209,812,819
Dec/2025	Jan/2026		590,448,514		2,184,270,349
Jan/2026	Feb/2026		585,375,397		2,159,010,898
Feb/2026	Mar/2026		580,408,413		2,133,963,711
Mar/2026	Apr/2026		575,575,862		2,109,199,544
Apr/2026	May/2026		570,884,821		2,084,576,885
May/2026	Jun/2026		566,321,139		2,060,237,246
Jun/2026	Jul/2026		561,863,589		2,036,109,871
Jul/2026	Aug/2026		557,533,397		2,012,053,251
Aug/2026	Sep/2026		553,281,036		1,988,279,650
Sep/2026	Oct/2026		549,127,731		1,964,789,068
Oct/2026	Nov/2026		545,080,558		1,941,439,996
Nov/2026	Dec/2026		541,146,593		1,918,373,943
Dec/2026	Jan/2027		537,297,534		1,895,449,399
Jan/2027	Feb/2027		533,554,607		1,872,878,629
Feb/2027	Mar/2027		529,903,661		1,850,449,368
Mar/2027	Apr/2027		526,316,395		1,828,232,372
Apr/2027	May/2027		522,835,260		1,806,227,640
May/2027	Jun/2027		519,424,881		1,784,576,682
Jun/2027	Jul/2027		516,085,256		1,763,067,233

123


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Jul/2027	Aug/2027		512,816,386		1,741,770,049
Aug/2027	Sep/2027		509,597,044		1,720,685,129
Sep/2027	Oct/2027		506,476,759		1,699,741,719
Oct/2027	Nov/2027		503,434,304		1,679,010,573
Nov/2027	Dec/2027		500,462,604		1,658,420,936
Dec/2027	Jan/2028		497,561,658		1,638,043,564
Jan/2028	Feb/2028		494,674,864		1,617,807,701
Feb/2028	Mar/2028		491,844,673		1,597,784,102
Mar/2028	Apr/2028		489,078,162		1,577,902,014
Apr/2028	May/2028		486,439,009		1,558,302,944
May/2028	Jun/2028		483,863,536		1,538,774,629
Jun/2028	Jul/2028		481,344,666		1,519,387,823
Jul/2028	Aug/2028		478,882,400		1,500,213,282
Aug/2028	Sep/2028		476,476,738		1,481,251,005
Sep/2028	Oct/2028		474,127,680		1,462,359,482
Oct/2028	Nov/2028		471,828,150		1,443,680,224
Nov/2028	Dec/2028		469,571,073		1,425,142,476
Dec/2028	Jan/2029		467,370,600		1,406,816,992
Jan/2029	Feb/2029		465,219,655		1,388,633,017
Feb/2029	Mar/2029		463,125,314		1,370,590,552
Mar/2029	Apr/2029		461,066,350		1,352,831,106
Apr/2029	May/2029		459,063,991		1,335,213,170
May/2029	Jun/2029		457,104,084		1,317,736,743
Jun/2029	Jul/2029		455,172,479		1,300,472,580
Jul/2029	Aug/2029		453,304,553		1,283,349,927
Aug/2029	Sep/2029		451,486,155		1,266,368,783
Sep/2029	Oct/2029		449,703,135		1,249,529,149
Oct/2029	Nov/2029		447,962,568		1,232,831,025
Nov/2029	Dec/2029		446,264,454		1,216,274,410
Dec/2029	Jan/2030		444,601,717		1,199,930,059
Jan/2030	Feb/2030		442,967,282		1,183,656,463
Feb/2030	Mar/2030		441,368,224		1,167,595,131
Mar/2030	Apr/2030		439,811,619		1,151,675,309
Apr/2030	May/2030		438,290,392		1,135,896,997
May/2030	Jun/2030		436,804,542		1,120,260,194
Jun/2030	Jul/2030		435,354,069		1,104,835,655
Jul/2030	Aug/2030		433,946,049		1,089,481,871
Aug/2030	Sep/2030		432,566,331		1,074,269,597
Sep/2030	Oct/2030		431,221,991		1,059,269,586
Oct/2030	Nov/2030		429,905,952		1,044,340,331
Nov/2030	Dec/2030		428,618,215		1,029,552,585
Dec/2030	Jan/2031		427,351,705		1,014,906,349
Jan/2031	Feb/2031		426,113,497		1,000,401,622
Feb/2031	Mar/2031		424,917,741		986,038,405
Mar/2031	Apr/2031		423,757,363		971,816,697

124


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Apr/2031	May/2031		422,618,211		957,736,499
May/2031	Jun/2031		421,521,512		943,797,810
Jun/2031	Jul/2031		420,446,040		930,000,631
Jul/2031	Aug/2031		419,398,869		916,274,206
Aug/2031	Sep/2031		418,387,076		902,830,801
Sep/2031	Oct/2031		417,396,509		889,670,415
Oct/2031	Nov/2031		416,434,245		876,651,538
Nov/2031	Dec/2031		415,471,980		863,774,171
Dec/2031	Jan/2032		414,552,168		851,038,313
Jan/2032	Feb/2032		413,639,431		838,373,210
Feb/2032	Mar/2032		412,754,997		825,849,617
Mar/2032	Apr/2032		411,884,713		813,396,778
Apr/2032	May/2032		411,035,656		801,014,694
May/2032	Jun/2032		410,200,750		788,844,875
Jun/2032	Jul/2032		409,344,617		776,675,055
Jul/2032	Aug/2032		408,552,164		764,646,745
Aug/2032	Sep/2032		407,780,937		752,830,699
Sep/2032	Oct/2032		406,974,333		741,014,654
Oct/2032	Nov/2032		406,238,483		729,340,117
Nov/2032	Dec/2032		405,523,860		717,877,845
Dec/2032	Jan/2033		404,816,312		706,358,970
Jan/2033	Feb/2033		403,903,576		695,045,283
Feb/2033	Mar/2033		403,210,179		683,851,879
Mar/2033	Apr/2033		402,523,858		672,799,985
Apr/2033	May/2033		401,823,386		661,840,072
May/2033	Jun/2033		400,995,555		650,781,102
Jun/2033	Jul/2033		400,252,630		640,153,736
Jul/2033	Aug/2033		398,243,195		629,200,898
Aug/2033	Sep/2033		396,757,345		618,538,155
Sep/2033	Oct/2033		393,403,569		607,606,544
Oct/2033	Nov/2033		392,504,983		597,750,405
Nov/2033	Dec/2033		391,769,134		587,965,021
Dec/2033	Jan/2034		389,788,000		578,101,807
Jan/2034	Feb/2034		388,861,113		568,514,537
Feb/2034	Mar/2034		387,721,961		558,842,360
Mar/2034	Apr/2034		386,752,621		549,538,109
Apr/2034	May/2034		386,073,375		540,403,668
May/2034	Jun/2034		385,203,091		531,516,870
Jun/2034	Jul/2034		384,375,261		522,941,392
Jul/2034	Aug/2034		380,229,031		513,092,329
Aug/2034	Sep/2034		378,212,521		504,028,644
Sep/2034	Oct/2034		374,059,216		494,222,033
Oct/2034	Nov/2034		372,438,932		485,568,726
Nov/2034	Dec/2034		370,372,893		476,427,210
Dec/2034	Jan/2035		368,306,854		467,526,260

125


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Jan/2035	Feb/2035		365,625,248		458,030,971
Feb/2035	Mar/2035		365,313,927		450,021,532
Mar/2035	Apr/2035		363,764,398		441,375,299
Apr/2035	May/2035		361,931,849		431,950,765
May/2035	Jun/2035		357,509,676		422,802,174
Jun/2035	Jul/2035		352,754,956		412,804,525
Jul/2035	Aug/2035		343,309,195		402,707,820
Aug/2035	Sep/2035		331,500,225		391,153,567
Sep/2035	Oct/2035		319,068,613		377,660,633
Oct/2035	Nov/2035		305,129,924		365,257,323
Nov/2035	Dec/2035		296,377,559		348,502,595
Dec/2035	Jan/2036		281,497,832		336,644,096
Jan/2036	Feb/2036		267,990,748		325,931,825
Feb/2036	Mar/2036		259,889,327		317,009,649
Mar/2036	Apr/2036		254,519,041		310,401,154
Apr/2036	May/2036		250,309,132		303,566,244
May/2036	Jun/2036		246,396,394		297,941,240
Jun/2036	Jul/2036		240,707,710		291,856,330
Jul/2036	Aug/2036		240,056,767		287,667,648
Aug/2036	Sep/2036		235,217,141		280,861,040
Sep/2036	Oct/2036		225,191,190		271,181,788
Oct/2036	Nov/2036		201,735,986		224,214,775
Nov/2036	Dec/2036		195,332,680		217,790,242
Dec/2036	Jan/2037		188,059,090		209,370,425
Jan/2037	Feb/2037		183,134,558		203,052,025
Feb/2037	Mar/2037		178,118,045		199,316,173
Mar/2037	Apr/2037		170,398,700		193,811,452
Apr/2037	May/2037		166,549,641		189,488,336
May/2037	Jun/2037		163,585,017		186,375,126
Jun/2037	Jul/2037		159,530,769		182,441,161
Jul/2037	Aug/2037		157,535,484		179,646,348
Aug/2037	Sep/2037		153,113,311		174,898,704
Sep/2037	Oct/2037		148,634,535		172,323,230
Oct/2037	Nov/2037		146,073,212		169,118,039
Nov/2037	Dec/2037		145,811,420		168,360,963
Dec/2037	Jan/2038		142,245,379		167,271,340
Jan/2038	Feb/2038		142,089,719		165,502,471
Feb/2038	Mar/2038		142,075,568		165,042,565
Mar/2038	Apr/2038		142,068,493		164,816,150
Apr/2038	May/2038		142,054,342		163,577,941
May/2038	Jun/2038		142,040,191		163,054,356
Jun/2038	Jul/2038		142,026,040		162,849,167
Jul/2038	Aug/2038		141,863,304		161,434,072
Aug/2038	Sep/2038		141,778,398		160,825,581
Sep/2038	Oct/2038		141,523,681		160,436,430

126


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Oct/2038	Nov/2038		139,804,340		158,717,089
Nov/2038	Dec/2038		138,842,075		158,257,183
Dec/2038	Jan/2039		137,674,622		156,240,672
Jan/2039	Feb/2039		137,653,395		154,740,671
Feb/2039	Mar/2039		137,540,188		153,608,595
Mar/2039	Apr/2039		137,299,621		151,860,952
Apr/2039	May/2039		136,903,395		151,676,990
May/2039	Jun/2039		136,896,319		151,485,952
Jun/2039	Jul/2039		136,889,244		150,735,951
Jul/2039	Aug/2039		136,875,093		150,551,989
Aug/2039	Sep/2039		136,868,017		150,368,027
Sep/2039	Oct/2039		136,860,942		150,191,140
Oct/2039	Nov/2039		136,853,866		150,014,253
Nov/2039	Dec/2039		136,846,791		149,837,366
Dec/2039	Jan/2040		136,839,715		149,667,554
Jan/2040	Feb/2040		136,832,640		149,497,743
Feb/2040	Mar/2040		136,825,564		149,327,931
Mar/2040	Apr/2040		136,818,489		149,158,120
Apr/2040	May/2040		136,811,414		148,995,384
May/2040	Jun/2040		136,804,338		148,832,648
Jun/2040	Jul/2040		136,797,263		148,669,912
Jul/2040	Aug/2040		136,790,187		148,507,176
Aug/2040	Sep/2040		136,783,112		148,351,516
Sep/2040	Oct/2040		136,776,036		148,195,855
Oct/2040	Nov/2040		136,768,961		148,040,195
Nov/2040	Dec/2040		136,761,885		147,884,534
Dec/2040	Jan/2041		136,761,885		147,735,949
Jan/2041	Feb/2041		136,754,810		147,587,364
Feb/2041	Mar/2041		136,747,734		147,438,779
Mar/2041	Apr/2041		136,740,659		147,290,194
Apr/2041	May/2041		136,733,583		147,148,685
May/2041	Jun/2041		136,733,583		147,007,175
Jun/2041	Jul/2041		136,726,508		146,865,666
Jul/2041	Aug/2041		136,719,432		146,724,156
Aug/2041	Sep/2041		136,719,432		146,582,647
Sep/2041	Oct/2041		136,712,357		146,448,213
Oct/2041	Nov/2041		136,705,281		146,313,778
Nov/2041	Dec/2041		136,705,281		146,179,344
Dec/2041	Jan/2042		136,698,206		146,044,910
Jan/2042	Feb/2042		136,698,206		145,917,552
Feb/2042	Mar/2042		136,691,130		145,783,118
Mar/2042	Apr/2042		136,684,055		145,655,759
Apr/2042	May/2042		136,684,055		145,528,401
May/2042	Jun/2042		136,676,979		145,401,042
Jun/2042	Jul/2042		136,676,979		145,273,683

127


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Jul/2042	Aug/2042		136,669,904		145,146,325
Aug/2042	Sep/2042		136,669,904		145,026,042
Sep/2042	Oct/2042		136,514,244		144,827,928
Oct/2042	Nov/2042		136,514,244		144,707,645
Nov/2042	Dec/2042		136,507,168		144,587,362
Dec/2042	Jan/2043		136,507,168		144,467,079
Jan/2043	Feb/2043		136,507,168		144,346,796
Feb/2043	Mar/2043		136,500,093		144,226,513
Mar/2043	Apr/2043		136,500,093		144,113,305
Apr/2043	May/2043		136,493,017		143,993,022
May/2043	Jun/2043		136,493,017		143,879,815
Jun/2043	Jul/2043		136,493,017		143,766,607
Jul/2043	Aug/2043		136,485,942		143,660,475
Aug/2043	Sep/2043		136,485,942		143,547,267
Sep/2043	Oct/2043		136,485,942		143,441,135
Oct/2043	Nov/2043		136,478,866		143,327,927
Nov/2043	Dec/2043		136,478,866		143,221,795
Dec/2043	Jan/2044		136,478,866		143,122,739
Jan/2044	Feb/2044		136,471,791		143,016,606
Feb/2044	Mar/2044		136,471,791		142,910,474
Mar/2044	Apr/2044		136,471,791		142,811,418
Apr/2044	May/2044		136,309,055		142,620,380
May/2044	Jun/2044		136,309,055		142,514,248
Jun/2044	Jul/2044		136,301,979		142,259,530
Jul/2044	Aug/2044		136,301,979		142,040,191
Aug/2044	Sep/2044		136,301,979		141,693,492
Sep/2044	Oct/2044		136,301,979		141,601,511
Oct/2044	Nov/2044		136,294,904		141,509,530
Nov/2044	Dec/2044		136,294,904		140,858,586
Dec/2044	Jan/2045		136,294,904		140,773,680
Jan/2045	Feb/2045		136,294,904		140,688,775
Feb/2045	Mar/2045		136,294,904		139,818,491
Mar/2045	Apr/2045		136,202,923		139,648,680
Apr/2045	May/2045		136,202,923		139,570,849
May/2045	Jun/2045		136,195,847		138,976,509
Jun/2045	Jul/2045		135,926,979		138,764,245
Jul/2045	Aug/2045		135,926,979		138,686,415
Aug/2045	Sep/2045		135,926,979		138,056,697
Sep/2045	Oct/2045		135,926,979		137,816,131
Oct/2045	Nov/2045		135,926,979		137,738,301
Nov/2045	Dec/2045		135,424,620		137,051,980
Dec/2045	Jan/2046		135,424,620		136,443,489
Jan/2046	Feb/2046		135,106,224		135,559,054
Feb/2046	Mar/2046		118,793,635		118,815,017
Mar/2046	Apr/2046		109,975,045		109,994,444

128


From and including the State Payment Date falling in:	Up to and excluding the State Payment Date falling in:	Minimum		Maximum
Apr/2046	May/2046		107,527,900		107,545,359
May/2046	Jun/2046		106,913,285		106,928,842
Jun/2046	Jul/2046		94,903,580		94,917,304
Jul/2046	Aug/2046		87,114,343		87,126,341
Aug/2046	Sep/2046		85,820,359		85,830,701
Sep/2046	Oct/2046		80,959,948		80,968,699
Oct/2046	Nov/2046		77,441,353		77,448,611
Nov/2046	Dec/2046		69,522,127		69,527,967
Dec/2046	Jan/2047		64,402,940		64,407,524
Jan/2047	Feb/2047		56,799,137		56,802,591
Feb/2047	Mar/2047		46,252,937		46,255,381
Mar/2047	Apr/2047		44,354,316		44,355,885
Apr/2047	May/2047		42,137,903		42,138,806
May/2047	Jun/2047		32,074,331		32,074,769
Jun/2047	Jul/2047		24,712,517		28,130,679
Jul/2047	Aug/2047		23,174,308		25,490,112
Aug/2047	Sep/2047		21,471,241		23,857,799
Sep/2047	Oct/2047		17,089,398		18,928,315
Oct/2047	Nov/2047		6,252,669		6,252,669
Nov/2047	Dec/2047		1,874,577		2,316,511
Dec/2047	Jan/2048		1,874,577		2,315,096
Jan/2048	Feb/2048		1,874,577		2,313,681
Feb/2048	Mar/2048		1,874,577		2,312,336
Mar/2048	Apr/2048		1,874,577		2,311,134
Apr/2048	May/2048		1,874,577		2,310,002
May/2048	Jun/2048		1,874,577		2,309,294
Jun/2048	Jul/2048		1,874,577		2,309,294
Jul/2048	Aug/2048		1,612,006		1,612,006
Aug/2048	Sep/2048		0		700,472
Sep/2048	Oct/2048		0		700,472
Oct/2048	Nov/2048		0		700,472
Nov/2048	Dec/2048		—		—

129

SCHEDULE 5

TERMS AND CONDITIONS OF THE BONDS

PART 1

TERMS AND CONDITIONS OF THE DUTCH STATE FIXED RATE NOTES

The following are the terms and conditions (the “Conditions”) of the Dutch State Fixed Rate Notes substantially in the form in which they will be endorsed on the Note Certificates evidencing the Dutch State Fixed Rate Notes. The Conditions applicable to any Dutch State Fixed Rate Note evidenced by a Global Note Certificate will differ from those set out below to the extent detailed in the Global Note Certificates. Defined terms used herein but not defined shall have the meaning ascribed to it in Condition 12.

The U.S.$[ ] Dutch State Fixed Rate Notes due [to be completed for each Class/Series] (the “Dutch State Fixed Rate Notes”), issued by the State of The Netherlands (the “Issuer”), acting through the Dutch State Treasury Agency [will be consolidated and form a single series with the U.S.$500,000,000 Dutch State Fixed Notes due [to be completed for each Class/Series] issued on [ ] and] are issued subject to and with the benefit of a fiscal agency agreement dated 16 February 2012[, as amended and restated on [ ]] (the “Agency Agreement”) made between the Issuer and Citibank N.A., London Branch, as fiscal agent (the “Fiscal Agent”, which expression includes any successor Fiscal Agent, and together with any other paying agents appointed pursuant to the Agency Agreement or any successor thereto, the “Paying Agents”), as transfer agent (together with any other transfer agents appointed pursuant to the Agency Agreement or any successor thereto, the “Transfer Agents”) and as registrar (the “Registrar”, which expression includes any successor registrar appointed pursuant to the Agency Agreement). A copy of the Agency Agreement is available for inspection at the specified offices of the Paying Agents.

1.	Form and Denomination

The Dutch State Fixed Rate Notes are in registered form and in the denomination of U.S.$1,000,000 each, without interest coupons attached. A note certificate (each a Certificate) will be issued to each Noteholder in respect of its registered holding of Notes. Each Certificate will be numbered serially with an identifying number which will be recorded on the relevant Certificate and in the register of Noteholders which the Issuer will procure to be kept by the Registrar.

2.	Status

The Dutch State Fixed Rate Notes constitute unsecured and unsubordinated obligations of the Issuer ranking pari passu among themselves and with all other present and future unsecured and unsubordinated financial obligations of the Issuer.

3.	Interest

Interest on the Dutch State Fixed Rate Notes shall be payable by reference to successive monthly interest periods (each a Dutch State Fixed Rate Note Interest Calculation Period) and will be payable in arrear in US Dollars in respect of the Principal Amount Outstanding of the Dutch State Fixed Rate Notes. Each successive Dutch State Fixed Rate Note Interest Calculation Period will commence on (and include) a Dutch State Fixed Rate Note Interest Payment Date and end on (but exclude) the next succeeding Dutch State Fixed Rate Note Interest Payment Date, except for the first Dutch State Fixed Rate Note Interest Calculation Period which will commence on (and include) [the Issue Date and end on (but exclude) the Dutch State Fixed Rate Note Interest Payment Date falling

130

in March 2012]/[[insert preceding interest payment date] and end on (but exclude) the Dutch State Fixed Note Interest Payment Date falling in [insert next interest payment date]].

The rate of interest payable in respect of the Dutch State Fixed Rate Notes on each Dutch State Fixed Rate Note Interest Payment Date will be 3.5 per cent per annum until and including the Final Maturity Date, which amount is to be calculated on the basis of the Fixed Rate Day Count Fraction (the Dutch State Fixed Rate Note Interest Amount).

4.	Redemption and Purchase

The Dutch State Fixed Rate Notes will be redeemed at their principal amount on the Final Maturity Date. Neither the Issuer nor any Noteholder will be entitled to redemption of the Dutch State Fixed Rate Notes prior to the Final Maturity Date, under any circumstance.

5.	Payments

Payments of principal and interest in respect of the Dutch State Fixed Rate Notes on the due date will be made to the person and registered account shown on the Register (as defined in Condition 8) on the Record Date and, in the case of principal, against presentation and surrender of the Certificate(s) evidencing the relevant Dutch State Fixed Rate Notes at the specified office of any of the Paying Agents or of the Registrar. Payments will be made in United States dollars by transfer to a United States dollar account maintained by the payee with a bank in the United States as appearing in the Register.

If any due date for the payment of principal or interest in respect of any Dutch State Fixed Rate Note is not a Business Day such payment will not be made until the next day which is a Business Day, and no further interest will be paid in respect of the delay in such payment.

6.	Taxation

No deduction or withholding in respect of payments of principal and interest on the Dutch State Fixed Rate Notes will be made on account of present or future taxes or other duties, unless such deduction or withholding is required by Dutch law in which case Noteholders will not be entitled to receive grossed-up amounts to compensate for any such tax, duty, withholding or other payment.

7.	Limited remedies

If the Issuer defaults (i) for a period of seven days or more in the payment on the due date of any principal amount due on the Dutch State Fixed Rate Notes or (ii) for a period of 15 days or more in the payment on the due date of any interest amount due on the Dutch State Fixed Rate Notes, and such default is continuing, then each Noteholder shall be entitled to call for immediate payment of, in the case of (i), the relevant principal amount due or, in the case of (ii), the relevant interest amount due, together with interest accrued to the date of payment by giving notice to the Issuer together with such supporting documentation evidencing the right to payment as the Issuer may reasonably require. For the avoidance of doubt, if the Issuer defaults in the payment on the due date or at any time thereafter of any interest amount due on the Dutch State Fixed Rate Notes, the sole remedy available to Noteholders is to claim specific performance as set out under (ii), and no Noteholder shall be entitled to call its Dutch State Fixed Rate Notes for repayment or redemption or pursue any other remedy that might lead to repayment or redemption of the Dutch State Fixed Rate Notes prior to their stated maturity.

8.	Title, Registration and Transfers

Title to the Dutch State Fixed Rate Notes will pass by registration in the register that the Issuer will procure to be kept by the Registrar in accordance with the provisions of the Agency Agreement (the

131

“Register”) and execution of a transfer certificate (which constitutes notice (mededeling) of transfer to the Issuer). Except as ordered by a court of competent jurisdiction or as required by Dutch law, the person in whose name an Dutch State Fixed Rate Note is registered (the “Noteholder”) will be deemed to be and may be treated as its absolute owner for all purposes, whether or not it is overdue and regardless of any notice of ownership, trust or an interest in it, any writing on it, or on the Certificate evidencing it, or its theft or loss, or that of the related Certificate, and no person shall be liable for so treating the Noteholder.

Dutch State Fixed Rate Notes may be transferred upon the surrender, at the specified office of the Registrar or any Transfer Agent (as defined in Condition 9), of the Certificate evidencing such Dutch State Fixed Rate Notes to be transferred, together with the form of transfer endorsed on such Certificate, or another form of transfer substantially in the same form and containing the same representations and certifications, if any, unless otherwise agreed by the Issuer, duly completed and executed and any other evidence as the Registrar or relevant Transfer Agent may reasonably require. All transfers of Dutch State Fixed Rate Notes and entries on the Register will be made subject to the detailed regulations concerning transfers of Dutch State Fixed Rate Notes described in the Agency Agreement.

Each new Certificate to be issued pursuant to these Conditions will be available for delivery within five business days of receipt of the form of transfer endorsed on the certificate and surrender of the Certificate for exchange. Delivery of the new Certificate(s) shall be made at the specified office of the Registrar or relevant Transfer Agent, as the case may be, to whom delivery or surrender of such request for exchange, form of transfer or Certificate shall have been made or, at the option of the Noteholder making such delivery or surrender as aforesaid and as specified in the relevant request for exchange, form of transfer or otherwise in writing, be mailed by uninsured post at the risk of the Noteholder entitled to the new Certificate to such address as may be so specified, unless such holder requests otherwise and pays in advance to the relevant Paying Agent, Transfer Agent or Registrar, as the case may be, the costs of such other method of delivery and/or such insurance as it may specify. In this Condition 8, “business day” means a day, other than a Saturday or Sunday, on which banks are open for business in the place of the specified office of the Registrar or the relevant Transfer Agent, as the case may be.

In the case of a transfer of part only of a holding of Dutch State Fixed Rate Notes evidenced by one Certificate, a new Certificate shall be issued to the transferee in respect of the part transferred and a further new Certificate in respect of the balance of the holding not transferred shall be issued to the transferor.

Transfer of Dutch State Fixed Rate Notes and Certificates on registration of transfer shall be effected without charge by or on behalf of the Issuer, the Registrar or the relevant Transfer Agent, but upon payment of any tax or other governmental charges that may be imposed in relation to it, or the giving of such indemnity as the Registrar or the relevant Transfer Agent may require.

No Noteholder may require the transfer of an Dutch State Fixed Rate Note (i) during the period of 15 days ending on the due date for the payment of interest on or redemption of that Dutch State Fixed Rate Note or (ii) after any such Dutch State Fixed Rate Note has been called for redemption under Condition 7.

9.	Agency Agreement

Noteholders are deemed to have notice of and are bound by the provisions of the Agency Agreement.

The Issuer reserves the right to vary or terminate the appointment of the Paying Agents, Transfer Agents or Registrar or approve any change in the office through which they act, provided that there shall at all times be a Paying Agent, Transfer Agent and Xxxxxxxxx.

000

00.

Prescription

Claims against the Issuer for payment in respect of the Dutch State Fixed Rate Notes will be prescribed and become void unless made within 5 years from the date the relevant payment first became due.

11.

Governing Law and Jurisdiction

The Dutch State Fixed Rate Notes and any non-contractual obligations arising out of or in connection with them are governed by, and will be construed in accordance with, Dutch law.

The competent court in The Netherlands (excluding any arbitral tribunal or court arising under any relevant (bilateral) investment treaty or friendship treaty entered into by the Issuer) is to have exclusive jurisdiction to settle any disputes that may arise out of or in connection with any Dutch State Fixed Rate Note and accordingly any legal action or proceeding arising out of or in connection with any Dutch State Fixed Rate Notes may be brought in such courts.

12.

Definitions

In these Conditions:

“Agency Agreement” means the fiscal agency agreement dated 16 February 2012 [as amended and restated on [ ]] made between the Issuer and Citibank N.A., London Branch, as Fiscal Agent, Transfer Agent and Registrar;

“Business Day” means a day that is a New York Business Day, a Dutch Business Day and TARGET2 Settlement Day;

“Certificate” means a certificate evidencing one or more Dutch State Fixed Rate Notes;

“Conditions” means these terms and conditions;

“Dutch Business Day” means a day (other than a Saturday or a Sunday) on which banks are open for general business in Amsterdam;

“Dutch State Fixed Rate Note Interest Amount” means in respect of each Dutch State Fixed Rate Note, the interest payable on the relevant Dutch State Fixed Rate Note Interest Payment Date being 3.5 per cent per annum until and including the Final Maturity Date, which amount is to be calculated on the basis of the Fixed Rate Day Count Fraction.

“Dutch State Fixed Rate Note Interest Calculation Period” means each successive monthly interest period commencing on (and including) a Dutch State Fixed Rate Note Interest Payment Date and ending on (but excluding) the next succeeding Dutch State Fixed Rate Note Interest Payment Date , except for the first Dutch State Fixed Rate Note Interest Calculation Period which will commence on (and include) [the Issue Date and end on (but exclude) the Dutch State Fixed Rate Note Interest Payment Date falling in March 2012]/[[insert preceding interest payment date] and end on (but exclude) the Dutch State Fixed Rate Note Interest Payment Date falling in [insert next interest payment date]];

“Dutch State Fixed Rate Note Interest Payment Date” means the 12th calendar day in each month or the first Business Day falling after such date if such date is not a Business Date until the Final Maturity Date;

133

“Dutch State Fixed Rate Notes” means the U.S.$[ ] fixed rate registered notes due [to be completed for each Class/Series], and such expression includes, where appropriate, any Global Note Certificates evidencing Dutch State Fixed Rate Notes;

“Final Maturity Date” means [to be completed for each Class/Series];

“Fiscal Agent” means the fiscal agent or its successor or successors for the time being appointed under the Agency Agreement;

“Fixed Rate Day Count Fraction” means a 360-day year consisting of twelve (12) 30-day months;

“Issue Date” means [ ];

“Issuer” means the State of The Netherlands;

“New York Business Day” means a day (other than a Saturday or Sunday) on which banks are open for general business in New York;

“Noteholder” means except as ordered by a court of competent jurisdiction or as required by Dutch law, the person in whose name an Dutch State Fixed Rate Note is registered in the register that the Issuer will procure to be kept by the Registrar in accordance with the provisions of the Agency Agreement;

“Paying Agents” means the agents or their successors for the time being appointed under the Agency Agreement and such term shall unless the context otherwise requires, include the Fiscal Agent;

“Principal Amount Outstanding” means until the Final Maturity Date, the principal amount outstanding under the Dutch State Fixed Rate Note at its Issue Date;

“Record Date” means the date falling 15 days prior to the due date for the payment of interest;

“Registrar” means the registrar or its successor or successors for the time being appointed under the Agency Agreement;

“TARGET2 Settlement Day” means a day on which the TARGET2 System is open;

“TARGET2 System” means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 or any successor thereof;

“Transfer Agent” means the transfer agent or its successor or successors for the time being appointed under the Agency Agreement.

134

PART 2

TERMS AND CONDITIONS OF THE DUTCH STATE FLOATING RATE NOTES

The following are the terms and conditions (the “Conditions”) of the Dutch State Floating Rate Notes substantially in the form in which they will be endorsed on the Note Certificates evidencing the Dutch State Floating Rate Notes. The Conditions applicable to any Dutch State Floating Rate Note evidenced by a Global Note Certificate will differ from those set out below to the extent detailed in the Global Note Certificates. Defined terms used herein but not defined shall have the meaning ascribed to it in Condition 12.

The U.S.$[ ] Dutch State Floating Rate Notes due [to be completed for each Class/Series] (the “Dutch State Floating Rate Notes”), issued by the State of The Netherlands (the “Issuer”), acting through the Dutch State Treasury Agency [will be consolidated and form a single series with the U.S.$500,000,000 Dutch State Floating Rate Notes due [to be completed for each Class/Series]] are issued subject to and with the benefit of a fiscal agency agreement dated 16 February 2012[, as amended and restated on [ ]] (the “Agency Agreement”) made between the Issuer and Citibank N.A., London Branch, as fiscal agent (the “Fiscal Agent”, which expression includes any successor Fiscal Agent, and together with any other paying agents appointed pursuant to the Agency Agreement or any successor thereto, the “Paying Agents”), as transfer agent (together with any other transfer agents appointed pursuant to the Agency Agreement or any successor thereto, the “Transfer Agents”) and as registrar (the “Registrar”, which expression includes any successor registrar appointed pursuant to the Agency Agreement). A copy of the Agency Agreement is available for inspection at the specified offices of the Paying Agents.

1.	Form and Denomination

The Dutch State Floating Rate Notes are in registered form and in the denomination of U.S.$1,000,000 each, without interest coupons attached. A note certificate (each a Certificate) will be issued to each Noteholder in respect of its registered holding of Notes. Each Certificate will be numbered serially with an identifying number which will be recorded on the relevant Certificate and in the register of Noteholders which the Issuer will procure to be kept by the Registrar.

2.	Status

The Dutch State Floating Rate Notes constitute unsecured and unsubordinated obligations of the Issuer ranking pari passu among themselves and with all other present and future unsecured and unsubordinated financial obligations of the Issuer.

3.	Interest

Interest on the Dutch State Floating Rate Notes shall be payable by reference to successive interest periods (each a Dutch State Floating Rate Note Interest Calculation Period) and will be payable in arrear in US Dollars in respect of the Principal Amount Outstanding. Each successive Dutch State Floating Rate Note Interest Calculation Period will commence on (and include) a Dutch State Floating Rate Note Interest Payment Date and end on (but exclude) the next succeeding Dutch State Floating Rate Note Interest Payment Date, except for the first Dutch State Floating Rate Note Interest Calculation Period which will commence on (and include) [the Issue Date and end on (but exclude) the Dutch State Floating Rate Note Interest Payment Date falling in March 2012]/[[insert preceding interest payment date] and end on (but excludes) the Dutch State Floating Rate Note Interest Payment Date falling in [insert next interest payment date]].

Interest on the Dutch State Floating Rate Notes for each Dutch State Floating Rate Note Interest Calculation Period up to (but excluding the Final Maturity Date) will accrue at an annual rate equal to USD-LIBOR-BBA for one month deposits plus a margin of 0.50% per annum, calculated over the

135

relevant Dutch State Floating Rate Note Interest Calculation Period on the basis of the Floating Rate Day Count Fraction (the Dutch State Floating Rate Note Interest Amount).

If the Issuer fails to redeem the Dutch State Floating Rate Notes on the due date for redemption, interest on the Dutch State Floating Rate Notes will, subject to the provisions on business days in Condition 5, continue to accrue beyond the due date for redemption until the date on which all sums due in respect of the Dutch State Floating Rate Notes have been paid.

4.	Redemption and Purchase

The Dutch State Floating Rate Notes will be redeemed at their principal amount on the Final Maturity Date. Neither the Issuer nor any Noteholder will be entitled to redemption of the Dutch State Floating Rate Notes prior to the Final Maturity Date, under any circumstance.

5.	Payments

Payments of principal and interest in respect of the Dutch State Floating Rate Notes on the due date will be made to the person and registered account shown on the Register on the Record Date and, in the case of principal, against presentation and surrender of the Certificate(s) (as defined in condition 8) evidencing the relevant Dutch State Floating Rate Notes at the specified office of any of the Paying Agents or of the Registrar. Payments will be made in United States dollars by transfer to a United States dollar account maintained by the payee with a bank in the United States as appearing in the Register.

If any due date for the payment of principal or interest in respect of any Dutch State Floating Rate Note is not a Business Day such payment will not be made until the next day which is a Business Day, and no further interest will be paid in respect of the delay in such payment.

6.	Taxation

No deduction or withholding in respect of payments of principal and interest on the Dutch State Floating Rate Notes will be made on account of present or future taxes or other duties, unless such deduction or withholding is required by Dutch law in which case Noteholders will not be entitled to receive grossed-up amounts to compensate for any such tax, duty, withholding or other payment.

7.	Limited remedies

If the Issuer defaults (i) for a period of seven days or more in the payment on the due date of any principal amount due on the Dutch State Floating Rate Notes or (ii) for a period of 15 days or more in the payment on the due date of any interest amount due on the Dutch State Floating Rate Notes, and such default is continuing, then each Noteholder shall be entitled to call for immediate payment of, in the case of (i), the relevant principal amount due or, in the case of (ii), the relevant interest amount due, together with interest accrued to the date of payment by giving notice to the Issuer together with such supporting documentation evidencing the right to payment as the Issuer may reasonably require. For the avoidance of doubt, if the Issuer defaults in the payment on the due date or at any time thereafter of any interest amount due on the Dutch State Floating Rate Notes, the sole remedy available to Noteholders is to claim specific performance as set out under (ii), and no Noteholder shall be entitled to call its Dutch State Floating Rate Notes for repayment or redemption or pursue any other remedy that might lead to repayment or redemption of the Dutch State Floating Rate Notes prior to their stated maturity.

8.	Title, Registration and Transfers

Title to the Dutch State Floating Rate Notes will pass by registration in the register that the Issuer will procure to be kept by the Registrar in accordance with the provisions of the Agency Agreement

136

(the “Register”) and execution of a transfer certificate (which constitutes notice (mededeling) of transfer to the Issuer). Except as ordered by a court of competent jurisdiction or as required by Dutch law, the person in whose name a Dutch State Floating Rate Note is registered (the “Noteholder”) will be deemed to be and may be treated as its absolute owner for all purposes, whether or not it is overdue and regardless of any notice of ownership, trust or an interest in it, any writing on it, or on the Certificate evidencing it, or its theft or loss, or that of the related Certificate, and no person shall be liable for so treating the Noteholder.

Dutch State Floating Rate Notes may be transferred upon the surrender, at the specified office of the Registrar or any Transfer Agent (as defined in Condition 9), of the Certificate evidencing such Dutch State Floating Rate Notes to be transferred, together with the form of transfer endorsed on such Certificate, or another form of transfer substantially in the same form and containing the same representations and certifications, if any, unless otherwise agreed by the Issuer, duly completed and executed and any other evidence as the Registrar or relevant Transfer Agent may reasonably require. All transfers of Dutch State Floating Rate Notes and entries on the Register will be made subject to the detailed regulations concerning transfers of Dutch State Floating Rate Notes described in the Agency Agreement.

Each new Certificate to be issued pursuant to these Conditions will be available for delivery within five business days of receipt of the form of transfer endorsed on the Certificate and surrender of the Certificate for exchange. Delivery of the new Certificate(s) shall be made at the specified office of the Registrar or relevant Transfer Agent, as the case may be, to whom delivery or surrender of such request for exchange, form of transfer or Certificate shall have been made or, at the option of the Noteholder making such delivery or surrender as aforesaid and as specified in the relevant request for exchange, form of transfer or otherwise in writing, be mailed by uninsured post at the risk of the Noteholder entitled to the new Certificate to such address as may be so specified, unless such holder requests otherwise and pays in advance to the relevant Paying Agent, Transfer Agent or Registrar, as the case may be, the costs of such other method of delivery and/or such insurance as it may specify. In this Condition 8, “business day” means a day, other than a Saturday or Sunday, on which banks are open for business in the place of the specified office of the Registrar or the relevant Transfer Agent, as the case may be.

In the case of a transfer of part only of a holding of Dutch State Floating Rate Notes evidenced by one Certificate, a new Certificate shall be issued to the transferee in respect of the part transferred and a further new Certificate in respect of the balance of the holding not transferred shall be issued to the transferor

Transfer of Dutch State Floating Rate Notes and Certificates on registration of transfer shall be effected without charge by or on behalf of the Issuer, the Registrar or the relevant Transfer Agent, but upon payment of any tax or other governmental charges that may be imposed in relation to it, or the giving of such indemnity as the Registrar or the relevant Transfer Agent may require.

No Noteholder may require the transfer of an Dutch State Floating Rate Note (i) during the period of 15 days ending on the due date for the payment of interest on or redemption of that Dutch State Floating Rate Note or (ii) after any such Dutch State Floating Rate Note has been called for redemption under Condition 7.

9.	Agency Agreement

Noteholders are deemed to have notice of and are bound by the provisions of the Agency Agreement.

000

00.

Prescription

Claims against the Issuer for payment in respect of the Dutch State Floating Rate Notes will be prescribed and become void unless made within 5 years from the date the relevant payment first became due.

11.

Governing Law and Jurisdiction

The Dutch State Floating Rate Notes and any non-contractual obligations arising out of or in connection with them are governed by, and will be construed in accordance with, Dutch law.

The competent court in The Netherlands (excluding any arbitral tribunal or court arising under any relevant (bilateral) investment treaty or friendship treaty entered into by the Issuer) is to have exclusive jurisdiction to settle any disputes that may arise out of or in connection with any Dutch State Floating Rate Note and accordingly any legal action or proceeding arising out of or in connection with any Dutch State Floating Rate Notes may be brought in such courts.

12.

Definitions

In these Conditions:

“Agency Agreement” means the fiscal agency agreement dated 16 February 2012 [as amended and restated on [ ]]made between the Issuer and Citibank N.A., London Branch, as Fiscal Agent, Transfer Agent and Registrar;

“Business Day” means a day that is a New York Business Day, a Dutch Business Day and TARGET2 Settlement Day;

“Certificate” means a certificate evidencing one or more Dutch State Floating Rate Notes;

“Conditions” means these Terms and Conditions;

“Dutch Business Day” means a day (other than a Saturday or a Sunday) on which banks are open for general business in Amsterdam;

“Dutch State Floating Rate Note Interest Amount” means in respect of each Dutch State Floating Rate Note, the interest payable on the relevant Dutch State Floating Rate Note Interest Payment Date equal to an annual rate equal to USD-LIBOR-BBA for one month deposits plus a margin of 0.50% per annum, calculated over the relevant Dutch State Floating Rate Note Interest Calculation Period on the basis of the Floating Rate Day Count Fraction;

“Dutch State Floating Rate Note Interest Calculation Period” means each successive interest period commencing on (and including) a Dutch State Floating Rate Note Interest Payment Date and ending on (but excluding) the next succeeding Dutch State Floating Rate Note Interest Payment Date, except for the first Dutch State Floating Rate Note Interest Calculation Period which will commence on (and include) the Issue Date and end on (but exclude) the Dutch State Floating Rate Note Interest Payment Date falling in March 2012;

“Dutch State Floating Rate Note Interest Payment Date” means the 12th calendar day in each month or the first Business Day falling after such date if such date is not a Business Day until the Final Maturity Date.

“Dutch State Floating Rate Notes” means the U.S.$[ ] Dutch State Floating Rate Notes due [to be completed for each Class/Series] and such expression includes, where appropriate, any Global Note Certificates evidencing Dutch State Floating Rate Notes;

138

“Final Maturity Date” means [to be completed for each Class/Series];

“Fiscal Agent” means the fiscal agent or its successor or successors for the time being appointed under the Agency Agreement;

“Floating Rate Day Count Fraction” means the actual number of days in the Dutch State Floating Rate Note Interest Calculation Period divided by 360;

“Issue Date” means [ ];

“Issuer” means the State of The Netherlands;

“London Banking Day” means a day other than a Saturday or Sunday on which banks are open for general business in London.

“New York Business Day” means a day (other than a Saturday or Sunday) on which banks are open for general business in New York;

“Noteholder” means except as ordered by a court of competent jurisdiction or as required by Dutch law, the person in whose name a Dutch State Floating Rate Note is registered in the register that the Issuer will procure to be kept by the Registrar in accordance with the provisions of the Agency Agreement;

“Principal Amount Outstanding” means until the Final Maturity Date, the principal amount outstanding under the Dutch State Floating Rate Note at its Issue Date;

“Record Date” means the date falling 15 days prior to the due date for the payment of interest;

“Reference Agent” means Citibank N.A, London branch;

“Registrar” means the registrar or its successor or successors for the time being appointed under the Agency Agreement;

“TARGET2 Settlement Day” means a day on which the TARGET2 System is open;

“Transfer Agent” means the transfer agent or its successor or successors for the time being appointed under the Agency Agreement.

“USD-LIBOR-BBA” means, in respect of a Dutch State Floating Rate Note Interest Calculation Period, the rate regarding the applicable Dutch State Floating Rate Note(s) which will be the rates for one month deposits in U.S. Dollars on the Bloomberg Field (FEDL01) as of 11:00 AM London Time on the day that is two London Banking Days preceding such Dutch State Floating Rate Note Interest Calculation Period. If such rate does not appear on the Bloomberg Field (FEDL01) the rate shall be determined by the Reference Agent.

139

SCHEDULE 6

OVERVIEW OF FINAL MATURITY DATES AND PRINCIPAL AMOUNTS OF EACH SERIES OF BONDS

PART 1

Original IABF Fixed Rate Bonds and Further Issue IABF Fixed Rate Bonds


Original IABF Fixed Rate Bonds	notional at the issue date of the Original IABF Fixed Rate Bonds		Further Issue IABF Fixed Rate Bonds		notional at the issue date of the Further Issue IABF Fixed Rate Bonds		Maturity date

XS0744762955	$	500,000,000	$	100,000,000	$	600,000,000		12-Dec-12
XS0744763417	$	500,000,000	$	0	$	500,000,000		12-May-13
XS0744763680	$	500,000,000	$	100,000,000	$	600,000,000		12-Dec-13
XS0744763920	$	500,000,000	$	100,000,000	$	600,000,000		12-Jul-14
XS0744764142	$	500,000,000	$	0	$	500,000,000		12-Nov-15
XS0744764571	$	500,000,000	$	100,000,000	$	600,000,000		12-Nov-17

140

PART 2

Original IABF Floating Rate Bonds and Further Issue IABF Floating Rate Bonds


Original IABF Floating Rate Bonds	notional at the issue date of the Original IABF Floating Rate Bonds		Further Issue IABF Floating Rate Bonds		notional at the issue date of the Further Issue IABF Floating Rate Bonds		Maturity date

XS0744767590	$	500,000,000	$	200,000,000	$	700,000,000		12-Feb-13
XS0744770545	$	500,000,000	$	200,000,000	$	700,000,000		12-Aug-13
XS0744770891	$	500,000,000	$	0	$	500,000,000		12-May-14
XS0744770974	$	500,000,000	$	200,000,000	$	700,000,000		12-Jan-15
XS0744771196	$	500,000,000	$	200,000,000	$	700,000,000		12-Feb-16
XS0744771352	$	500,000,000	$	100,000,000	$	600,000,000		12-Jul-17
XS0744771519	$	500,000,000	$	200,000,000	$	700,000,000		12-Dec-18
XS0744771600	$	500,000,000	$	100,000,000	$	600,000,000		12-Mar-21
XS0744771782	$	500,000,000	$	0	$	500,000,000		12-Jul-26

141

SCHEDULE 7

CONDITIONS TO OPERATIONAL CHANGES

1.	ING Parties have requested that the servicing of the Securities shall be transferred from ING Direct FSB to ING Investment Management Co., a Connecticut Corporation (IIM)

The State agrees to such transfer, subject to the following conditions:

(a)

Such transfer shall not affect any of the State’s rights and entitlements in respect of the Securities;

(b)

The Investment Management Agreement concluded by ING Bank with IIM (the IMA) shall contain a clause to the effect that if and when IIM will no longer be a wholly owned subsidiary of ING Groep, ING Bank may request that the IMA is terminated and that the servicing of the Securities is transferred to another entity that (i) is a wholly owned subsidiary of ING Group and (ii) in the reasonable opinion of the State has the required expertise and capability to perform the servicing in question. ING Groep shall timely inform the State in advance of the relevant transaction involving the divestment of IIM. If the above mentioned request is made by the State, ING Groep shall ensure that such transfer will be made prior to the date upon which IIM is no longer a wholly owned subsidiary of ING Groep. If and when IIM will no longer be a wholly owned subsidiary of ING Groep, ING Bank will at the request of the State, terminate the IMA and transfer the servicing of the Securities to another entity.

(c)

The IMA may not contain any provisions that are inconsistent with this Agreement or the Security Documents, and the IMA shall not in the future be amended without the prior written consent of the State if such amendment will or may affect any of the rights and interests of the State in the Securities or any of the rights of the State under or in connection with this Agreement or any other Transaction Document.

2.	ING Parties and ING Support Holding have requested that the servicing of securities held by ING Direct Bancorp and the other US Companies shall also be transferred from ING Direct FSB to IIM.

The State agrees to such transfer, subject to the same conditions as set out in paragraph 1 above.

3.	ING Parties have requested that the Securities are held in a securities account with Bank of New York Mellon (BONY) in New York, such account to be in the name of ING Bank under the terms of a custody agreement (the Custody Agreement) to be concluded between ING Bank and BONY.

The State agrees to such arrangement, subject to the following conditions:

(a)

Such transfer shall not affect any of the State’s rights and entitlements in respect of the Securities;

(b)

The Custody Agreement may not contain any provisions that are inconsistent with this Agreement or the Security Documents, and the Custody Agreement shall not in the future be amended without the prior written consent of ING Bank if such amendment will or may affect any of the rights and interests of the State in the Securities or any of the rights of the State under or in connection with this Agreement or any other Transaction Document. ING Bank may not amend the Custody Agreement without the prior written consent of the State if such amendment will or may, in the opinion of the State, affect any of the rights and

142

interests of the State in the Securities or any of the rights of the State under or in connection with this Agreement or any other Transaction Document.

(c)

The Account Control Agreements shall be made to contain a clause to the effect that BONY recognises and confirms the first ranking security rights of the State in respect of the Securities under the US Security Agreement, and agrees that it shall not exercise any rights under the relevant Account Control Agreement or take any other action under or in connection with the relevant Account Control Agreement that may restrict or hinder or delay the exercise by the State of any of the State’s rights under the US Security Agreement.

4.	Further Conditions

In connection with all matters referred to in this Appendix, ING Bank agrees as follows:

The transfer of and changes in processes as referred to in this Appendix, including without limitation the transfer of the Securities, the change of custodian and the transfer of the servicing of the Securities (collectively the Operational Changes) may lead to operational or other risks for the State and in connection therewith:

(a)

ING Bank will ensure that the Operational Changes will be conducted prudently and diligently and will procure that, prior to carrying through such Operational Changes, an appropriate risk analysis in respect of such Operational Changes will be carried out.

(b)

On the basis of such risk analysis, ING Bank will ensure that where necessary additional safeguards will be put into place to mitigate the risks to which the State may be exposed in relation to such Operational Changes.

(c)

ING Bank will ensure that the relevant processes will be adequately documented in the AOIC (Administrative Organisation and Internal Controls) of the relevant ING entities concerned. This includes adjustment of processes, administration, PCDM and key controls. ING Bank will ensure that a protocol regarding the Operational Changes is produced that correctly covers the AOIC aspects of such Operational Changes and that it is determined, as at the time Operational Changes are carried through, that the terms and safeguards of that protocol are in place.

(d)

ING Bank will ensure that going forward the AOIC remain in place with respect to all aspects of the Operational Changes.

143

SCHEDULE 8

CALCULATION OF EXCESS FUNDING BENEFIT AMOUNT AS SET OUT IN CLAUSE 15.1(B)

Capitalised terms used but not defined have the meaning set out in the IABF FSB Agreement.

Each time ING Bank or an affiliate (ING) enters into a Financing Arrangement (which term for the purposes hereof includes any similar funding transaction approved by the State) using a Registered Bond as collateral, ING Bank shall, in order to determine the Excess Funding Benefit Amount, follow the following principles:

1.	Comparison with cost of funding of unsecured USD funding (“USD-tickets”)

1.1

First, the US LIBOR rate applicable to the relevant Financing Arrangement will be determined, (if necessary using linear interpolation, if such Financing Arrangement has a tenor other than a published tenor), such US LIBOR rate plus the spread thereover is hereinafter defined as the Secured Funding Rate.

1.2

Subsequently, the Unsecured Funding Rate will be calculated by determining the US LIBOR rate applicable to each of the two eligible USD-tickets (if necessary using linear interpolation, if such USD-ticket has a tenor other than a published tenor) plus the spread thereover, whereafter the Unsecured Funding Rate for the tenor of the relevant Financing Arrangement is determined by linear interpolation of the unsecured funding rate of the two USD-tickets.

1.3	A USD-ticket is eligible if

(a)

the trade date of a selected USD ticket is in a period starting (and including) ten business days prior to the trade date of the Financing Arrangement and ending (and including) ten business days after such trade date (where in this Schedule a business day is a day (other than a Saturday or Sunday) on which banks are open for general business in Amsterdam, London and New York); and

(b)

the size of a selected USD ticket closely resembles the size of the Financing Arrangement, which is the case, if the initial cash amount of a USD ticket does not deviate more than 25% from the initial cash amount of the Financing Arrangement, or if, in case the initial cash amount of the Financing Arrangement is equal to or more than USD 150 million, the initial cash amount of the USD ticket is also more than USD 150 million; and

(c)

the tenor of a selected USD ticket may not deviate more than 30 days from the tenor of the relevant Financing Arrangement and the tenor of one USD ticket must be shorter than the tenor of the relevant Financing Arrangement and the tenor of the other USD ticket must be longer than the tenor of the relevant Financing Arrangement; and

(d)

if in between the trade date of a USD ticket and the trade date of the relevant Financing Arrangement or in between the trade date of the relevant Financing Arrangement and the trade date of a USD ticket (i) a mutation in the rating of the short-term, unsecured, unsubordinated and unguaranteed debt obligations of ING Bank N.V. or its successor, or (ii) a publication of financial statements affecting the creditworthiness of ING Bank N.V., has occurred, then such ticket will not be eligible for determining the costs of unsecured funding, unless such occurrence increases or should increase the Transaction Funding Benefit; and

(e)

overriding principle: notwithstanding any other provisions in this Schedule, if a USD ticket complies with the parameters sub (a) and (b) of this paragraph and has a tenor that is equal

144

to the tenor of the relevant Financing Arrangement, then no linear interpolation is required and the Unsecured Funding Rate may be determined on the basis of that USD-ticket alone.

2.	Comparison with cost of funding of EUR funding (“EUR tickets”)

If no or only one USD-ticket is eligible, then instead of a USD-ticket a EUR-ticket may be used, provided that it complies with the eligibility criteria of A (3) and this EUR-ticket is converted in a synthetic USD-ticket by means of a EUR/USD basis swap, the costs of which are based on a quote given by ICAP therefore at the joint request of the State and ING.

3.	Appointment of third party

If neither procedure A nor B renders sufficient tickets to determine a Transaction Funding Benefit in respect of the relevant Financing Arrangement, the State and ING Bank will jointly appoint an independent third party expert (not being an affiliate of any of the parties) to determine the Transaction Funding Benefit (as defined below) as it may deem commercially reasonable. The determination by such third party expert shall be binding on the parties.

4.	Determining Excess Funding Benefit Amount

The Excess Funding Benefit Amount payable in respect of an annual period as referred to in Clause 15.1(b) of the Agreement will be the sum of all Transaction Funding Benefits in respect of such annual period minus the amounts received by the State pursuant to Clause 15.1(a) of the Agreement in respect of such annual period.

A Transaction Funding Benefit means in respect of a Financing Arrangement, an amount equal to either (a) (the difference between the Unsecured Funding Rate and the Secured Funding Rate) multiplied by the initial cash amount of the relevant Financing Arrangement, calculated over the tenor of the relevant Financing Arrangement, on the basis of the day count fraction applicable to the relevant Financing Arrangement, or (b) the amount determined by the third party expert pursuant to (c), minus upfront fees as referred to in the respective transaction confirmation (i.e. in case of repurchase agreements, the repo confirmation), provided always that, to the extent the tenor extends over more than one annual calculation period as set out in Clause 15.1(b) of the Agreement, the Transaction Funding Benefit will be allocated to each such period on a pro rata basis, based on the number of days in which the Financing Arrangement is outstanding in each of such annual calculation periods, and further only to the extent that the amount resulting from the total calculation in this paragraph is larger than zero.

5.	Periodic reporting

ING will report on a quarterly basis to the Dutch State the aggregate Transaction Funding Benefits.

145

SIGNATORIES


ING GROEP N.V.

By:

Title:

By:

Title:


ING BANK N.V.

By:

Title:

By:

Title:


THE STATE OF THE NETHERLANDS

By:

Title:

146

Document Metadata

Table of Contents

AMENDED AND RESTATED ILLIQUID ASSETS BACK-UP FACILITY AGREEMENT Between ING GROEP N.V. and ING BANK N.V. and STAAT DER NEDERLANDEN

Document Metadata