EXHIBIT 99.1
ARMS II Global Fund I
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Reference to | ARMS II GLOBAL FUND 1
Schedule 8 of |
the Bond | BONDHOLDERS REPORT RELATED TO DECEMBER 10, 2003 DISTRIBUTION
Trust Deed |
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REPORTING DATES
Cut-Off Date November 28, 2003
Determination Date December 8, 2003
Payment Date December 10, 2003
Start Interest Period September 10, 2003
End Interest Period December 9, 2003
No. of Days in Interest Period 91
Start Calculation Period September 1, 2003
End Calculation Period November 28, 2003
No. of Days in Calculation Period 89
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SECURITIES ON ISSUE Amount Amount
(US$) (A$)
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Class A Bonds
Initial Face Value 1,000,000,000 1,525,553,013
Previous Principal Distribution 63,400,000 96,720,061
Principal Distribution for current calculation period 62,400,000 95,194,508
Total Principal Distribution to date 125,800,000 191,914,569
Beginning Principal Amount 936,600,000 1,428,832,952
(a) Ending Principal Amount 874,200,000 1,333,638,444
less Unreimbursed Charge-offs - -
Beginning Stated Amount 936,600,000 1,428,832,952
(a) Ending Stated Amount 874,200,000 1,333,638,444
Class B Bonds
Initial Face Value 50,500,000
Previous Principal Distribution --
Principal Distribution for current calculation period --
Total Principal Distribution to date --
Beginning Principal Amount 50,500,000
(a) Ending Principal Amount 50,500,000
less Unreimbursed Charge-offs --
Beginning Stated Amount 50,500,000
(a) Ending Stated Amount 50,500,000
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INTEREST RATE FOR ACCRUAL PERIOD Libor / Interest Interest
Bank Bill Rate Margin Rate
-------------- -------- --------
US$
Class A Bonds 1.14000 0.23000 1.37000
A$
Class A Bonds (payable to Currency Swap Provider) 4.87670 0.35100 5.22770
Class B Bonds 4.87670 0.90000 5.77670
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Reference to | ARMS II GLOBAL FUND 1
Schedule 8 of |
the Bond | BONDHOLDERS REPORT RELATED TO SEPTEMBER 10, 2003 DISTRIBUTION
Trust Deed |
--------------|---------------------------------------------------------------------------------------------------------------------
DISTRIBUTIONS PAYABLE ON PAYMENT DATE (US$) (A$)
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Interest Entitlement:
(b) Class A Bonds 3,243,498 18,622,614
(b) Class B Bonds 727,310
Principal Repayment:
(c) Class A Bonds 62,400,000 95,194,508
(c) Class B Bonds
Total:
Class A Bonds 65,643,498 113,817,122
Class B Bonds -- 727,310
Total 65,643,498 114,544,432
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POOL FACTORS Last Current
Distribution Distribution
Date Date
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(h) Class A Bonds 0.9366 0.8742
Class B Bonds 1.0000 1.0000
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(d) INCOME COLLECTIONS FOR CALCULATION PERIOD 36,791,172.24
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AVAILABLE AMORTISATION AMOUNT (A$)
-------------
(i) Scheduled Principal Collections 3,416,835
(i) Unscheduled Principal Collections 115,727,537
Gross Principal Collections 119,144,371
less
(g) Xxxxxx Advances, Line of Credit Advances and
Permitted Further Advances 24,583,585
(e) Net Principal Collections
Application of Cash Reserve and Advances 94,560,786
Reserve as Available Amortisation Amount 633,722
(l) Charge-offs and Unreimbursed Charge-offs 0
(f) Available Amortisation Amount 95,194,508
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PORTFOLIO INFORMATION
(based on Loans forming part of the Assets of the
Fund as at the last day of the Calculation Period)
(j) Aggregate Face Value of Loans 1,379,664,024
Total number of Loans 6,137
Average Loan Balance 224,810.82
Weighted Average LVR 76.9712
Seasoning No of Loans % Total Balance
6 - 12 months 3,465 57.62% 794,992,677
12 - 18 months 1,801 29.48% 406,666,665
18 - 24 months 341 5.47% 75,433,058
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Page 2 of 3
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Reference to | ARMS II GLOBAL FUND 1
Schedule 8 of |
the Bond | BONDHOLDERS REPORT RELATED TO SEPTEMBER 10, 2003 DISTRIBUTION
Trust Deed |
--------------|---------------------------------------------------------------------------------------------------------------------
24 - 36 months 126 2.20% 30,399,366
36 - 48 months 176 2.55% 35,250,305
48 - 60 months 111 1.42% 19,536,623
> than 60 months 117 1.26% 17,385,329
6,137 100.00% 1,379,664,024
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(k) AGGREGATE LOSS AMOUNT NIL
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(m) DELINQUENCY AND LOSSES
DELINQUENCY No of % of (A$) Amount % of
Loans Pool of Loans Pool
----- ----- ------------ -----
31 - 60 days 40 0.65% 10,589,658.80 0.77%
61 - 90 days 10 0.16% 2,724,143.78 0.20%
90+ days 19 0.31% 4,095,019.11 0.30%
LOSSES AUD
Mortgage Insurance claims made Nil
Mortgage Insurance claims paid Nil
Mortgage Insurance claims pending Nil
Mortgage Insurance claims denied Nil
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