General information |
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Issue date |
25-May-1998 |
Credit Enhance |
Sen/Sub,
Res. fund |
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Reference
interest rate |
EURIBOR
3m |
Risk weight. |
50% |
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Payment |
Quarterly |
Pricing info |
Reuters
DEXIAABS |
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Currency |
EURO |
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Bloomberg MBS
3<MTGE><GO> |
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Class A1 |
Class A2 |
Class A3 |
Class B |
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Spread |
0.08% |
0.16% |
0.24% |
0.45% |
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Initial class size (Renominalised) |
74,367,600 |
88,001,660.00 |
77,466,250.00 |
8,056,490.00 |
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Number of bonds (EUR 123,946) |
600 |
710 |
625 |
65 |
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Initial rating
Moody's / Fitch |
Aaa / AAA |
Aaa / AAA |
Aaa / AAA |
A3 / A |
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Current rating
Moody's / Fitch |
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Aaa / AAA |
Aaa / AA * |
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* Upgraded by Fitch on 20
September 2001, Upgraded by Moody's on 7 March 2002 (from A3 to Aa1) and on
23 September 2005 (from Aa1 to Aaa). |
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Payments (EUR) |
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Euribor fixing for last pmt
date |
4.711% |
(on 23/08/2007) |
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Last payment date |
26-November-07 |
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Next payment date |
- |
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(last payment date) |
Class A1 |
Class A2 |
Class A3 |
Class B |
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Period coupon |
0.000% |
0.000% |
4.951% |
5.161% |
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Interest payment |
0 |
0 |
248,968.75 |
44,447.65 |
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Interest per bond |
0 |
0 |
398.35 |
683.81 |
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Balance before last pmt |
0 |
0 |
19,893,750.00 |
3,407,040.00 |
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Principal redemption last pmt |
0 |
0 |
19,893,750.00 |
3,407,040.00 |
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Principal per
bond |
0 |
0 |
31,830.00 |
52,416.00 |
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Bond factor |
0 |
0 |
0.0000000000 |
0.0000000000 |
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Expected Average
Life (8 CPR) |
0.00 |
0.00 |
0.00 |
0.00 |
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Expected final maturity (8 CPR) |
Fully repaid 05/1999 |
Fully repaid 11/2003 |
Fully repaid 11/2007 |
Fully repaid 11/2007 |
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Performance |
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Delinquencies |
30 Days |
60 Days |
90 Days |
Defaults |
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Number |
1 |
0 |
0 |
0 |
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Principal Balance |
37,746.43 |
0.00 |
0.00 |
0.00 |
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% Loans Outstanding |
0.0921% |
0.0000% |
0.0000% |
0.0000% |
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Number of Loans Outstanding |
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At payment date: |
1,086 |
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Prepayments |
CPR |
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June 1998 |
4.7% |
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July 1998 |
4.7% |
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August
1998 |
3.4% |
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September
1998 |
2.7% |
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October 1998 |
6.6% |
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November
1998 |
17.6% |
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December
1998 |
19.0% |
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January 1999 |
21.5% |
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February 1999 |
15.2% |
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March 1999 |
22.9% |
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April
1999 |
74.5% |
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May 1999 |
88.8% |
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June 1999 |
45.6% |
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July 1999 |
42.1% |
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August
1999 |
19.0% |
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September
1999 |
9.3% |
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October 1999 |
5.8% |
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November
1999 |
8.4% |
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December
1999 |
4.5% |
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January 2000 |
3.5% |
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February 2000 |
1.9% |
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March 2000 |
2.6% |
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April
2000 |
4.2% |
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May 2000 |
2.1% |
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June 2000 |
2.4% |
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July 2000 |
6.4% |
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August
2000 |
2.1% |
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September
2000 |
1.4% |
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October 2000 |
2.8% |
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November
2000 |
3.7% |
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December
2000 |
2.6% |
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January 2001 |
2.4% |
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February 2001 |
2.1% |
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March 2001 |
1.6% |
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April
2001 |
2.9% |
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May 2001 |
4.5% |
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June 2001 |
6.9% |
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July 2001 |
2.4% |
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August
2001 |
3.9% |
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September
2001 |
1.9% |
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October 2001 |
3.2% |
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November
2001 |
6.6% |
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December
2001 |
2.3% |
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January 2001 |
2.3% |
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February 2002 |
2.0% |
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March 2002 |
1.7% |
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April
2002 |
4.2% |
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May 2002 |
0.8% |
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June 2002 |
3.4% |
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July 2002 |
4.3% |
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August
2002 |
1.4% |
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September
2002 |
1.6% |
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October 2002 |
4.2% |
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November
2002 |
3.5% |
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December
2002 |
7.2% |
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January 2003 |
5.2% |
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February 2003 |
7.7% |
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March 2003 |
6.5% |
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April
2003 |
19.2% |
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May 2003 |
20.9% |
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June 2003 |
11.4% |
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July 2003 |
8.6% |
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August
2003 |
14.1% |
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September
2003 |
19.5% |
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October 2003 |
17.5% |
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November
2003 |
7.9% |
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December
2003 |
14.6% |
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January 2004 |
6.3% |
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February 2004 |
8.0% |
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March 2004 |
2.8% |
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April
2004 |
7.3% |
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May 2004 |
11.7% |
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June 2004 |
7.9% |
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July 2004 |
9.2% |
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August
2004 |
6.5% |
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September
2004 |
7.1% |
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October 2004 |
8.6% |
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November
2004 |
6.5% |
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December
2004 |
2.9% |
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January 2005 |
12.8% |
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February 2005 |
13.2% |
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March 2005 |
22.3% |
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April
2005 |
22.5% |
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May 2005 |
34.7% |
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June 2005 |
27.3% |
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July 2005 |
51.0% |
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August
2005 |
43.6% |
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September
2005 |
58.0% |
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October 2005 |
43.4% |
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November
2005 |
32.3% |
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December
2005 |
29.3% |
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January 2006 |
28.9% |
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February 2006 |
23.0% |
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March 2006 |
24.4% |
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April
2006 |
14.2% |
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May 2006 |
11.4% |
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June 2006 |
15.0% |
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July 2006 |
6.3% |
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August
2006 |
12.1% |
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September
2006 |
8.9% |
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October 2006 |
6.1% |
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November
2006 |
9.3% |
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December
2006 |
8.7% |
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January 2007 |
2.5% |
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February 2007 |
2.7% |
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March 2007 |
13.4% |
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April
2007 |
8.0% |
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May 2007 |
4.1% |
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June 2007 |
9.9% |
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July 2007 |
10.5% |
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August
2007 |
8.4% |
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September
2007 |
1.6% |
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October 2007 |
1.9% |
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November
2007 |
0.9% |
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Old Denomination Amount |
5,000,000 BEF |
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New Denomination Amount |
123,946.00 EUR |
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New Terms and Conditions of the Notes |
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Renominalisation Overview
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Class A-1 |
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per note |
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per class |
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BEF |
EUR |
BEF |
EUR |
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Outstanding amount beginning of period |
3,110,000 |
77,094.89 |
1,866,000,000 |
46,256,934.00 |
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Principal Paid 25 May1999 |
3,110,000 |
77,094.89 |
1,866,000,000 |
46,256,934.00 |
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Outstanding amount after normal principal |
0 |
0.00 |
0 |
0.00 |
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RENOMINALISATION |
|
0.00 |
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0.00 |
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Definitive Outstanding amount after 25 May |
0 |
0.00 |
0 |
0.00 |
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Class A-2 |
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per note |
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per class |
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BEF |
EUR |
BEF |
EUR |
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Outstanding amount beginning of period |
5,000,000 |
123,946.76 |
3,550,000,000 |
88,002,199.60 |
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Principal Paid 25 May 1999 |
879,000 |
21,789.84 |
624,090,000 |
15,470,786.40 |
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Outstanding amount after normal principal |
4,121,000 |
102,156.92 |
2,925,910,000 |
72,531,413.20 |
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RENOMINALISATION |
|
0.92 |
|
653.20 |
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Definitive Outstanding amount after 25 May |
4,120,963 |
102,156.00 |
2,925,883,730 |
72,530,760.00 |
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Class A-3 |
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per note |
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per class |
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BEF |
EUR |
BEF |
EUR |
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Outstanding amount beginning of period |
5,000,000 |
123,946.76 |
3,125,000,000 |
77,466,725.00 |
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Principal Paid 25 May 1999 |
0 |
0.00 |
0 |
0.00 |
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Outstanding amount after normal principal |
5,000,000 |
123,946.76 |
3,125,000,000 |
77,466,725.00 |
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RENOMINALISATION |
|
0.76 |
|
475.00 |
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Definitive Outstanding amount after 25 May |
4,999,969 |
123,946.00 |
3,124,980,625 |
77,466,250.00 |
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Class B |
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per note |
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per class |
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BEF |
EUR |
BEF |
EUR |
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Outstanding amount beginning of period |
4,832,000 |
119,782.15 |
314,080,000 |
7,785,839.75 |
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Principal Paid 25 May 1999 |
54,000 |
1,338.63 |
3,510,000 |
87,010.95 |
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Outstanding amount after normal principal |
4,778,000 |
118,443.52 |
310,570,000 |
7,698,828.80 |
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RENOMINALISATION |
|
0.52 |
|
33.80 |
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Definitive Outstanding amount after 25 May |
4,777,979 |
118,443.00 |
310,568,635 |
7,698,795.00 |