The Thekwini Fund 7 (Proprietary) Limited
Priority of Payments
Based on information as at each Determination Date:
Part 1
Date Prepared
Collection Period
From (including)
To (excluding)
Instalments Received
Prepayments Received
Expense Over (under) provision in prior quarter's POP
Reserve Fund
Interest on Reserve Fund, Call & long Term Deposits
Net Interest Current Account
Interest earned on Fixed Note Swap
Prior quarter Capital Reserve
Prior quarter excluded items
Permitted Investments form previous quarter
Total Collections
Closing Loan Balances as at current Determination Date including accrued interest
Balance on the Notes
Part 2
Date Prepared
Value Date
Total Cash available before Excluded Items
Less Excluded Items
Total Cash available for distribution
1.Taxes
(a) Income Tax
(b) Value Added Tax
(c) Other Tax (STC)
2.Operating Expenses
(a) Fee and expenses of Security SPV
(b) Fee and expenses of Owner Trustee
3.Third Party Expenses
(a) Fees, costs, charges etc.of Rating Agencies
(b) Fees,costs,charges etc. of BESA
(c) Fees,costs,charges ect. of auditors of Issuer
(d) Fees, costs, charges, liabilities and expenses of company secretarial duties and Directors
(e) Other third party fees, costs, charges, liabilities and expenses
4.Servicing Fee
(a) Senior Servicing Fee,costs and expenses of Servicer
(b) Standby Servicing Fee,costs,and expenses of Standby Servicer
5.Redraw Facility and A1 Notes (not principal)
(a) Interest and other expenses, other than principal, in respect of Class A1 Notes
(b) Interest and other expenses,other than principal, in respect of Redraw Facility
(c) Interest and other expenses, other than termination payments, in respect of Hedging Transactions to the
Hedge Counterparty
6.A2 and A3 (not principal), Hedging Transactions
(a) Interest and other expenses, other than principal, in respect of Class A2A Notes
(b) Interest and other expenses, other than principal, in respect of Class A2B Notes
(c) Interest and other expenses, other than principal, in respect of Class A3 Notes
7.B Notes (not principal) – no Class B Interest Deferral Event
(a) Interest and other expenses, other than principal, in respect of Class B Notes
(b) Subordinated Servicing Fee of substitute Servicer
8.C Notes (not principal) – no Class C Interest Deferral Event
(a) Interest and other expenses, other than principal, in respect of Class C Notes
9.Fund Required Amount - Class A Notes outstanding, No Class B Interest Deferral Event, No Class C
Interest Deferral Event, Arrears Trigger Event continuing
(a) Payment for Arrears Reserve A up to Reserve Fund Required Amount
(b) Payment for Arrears Reserve B up to Reserve Fund Required Amount
(c) Payment for Arrears Reserve C up to Reserve Fund Required Amount
10.Fund Required Amount - Class A Notes outstanding, No Class B Interest Deferral Event, Class C
Interest Deferral Event occurs, Arrears Trigger Event continuing
(a) Payment for Arrears Reserve A up to Reserve Fund Required Amount
(b) Payment for Arrears Reserve B up to Reserve Fund Required Amount
11.Fund Required Amount - Class A Notes outstanding, Class B Interest Deferral Event, Class C Interest
Deferral Event, Arrears Trigger Event continuing
(a) Payment for Arrears Reserve A up to Reserve Fund Required Amount
12.Fund Required Amount - Class A Notes outstanding
(a) Payment for Reserve Fund Required Amount
13.Repayment of Redraws (until Coupon Step-Up Date only)
(a) Pay or provide for the purchase of the right to repayment of Redraws
14.Redraw Facility (principal)
(a) Capital payment
15.Further Advances (until Coupon Step-Up Date only)
(a) Further Advances made
16.Further Loans and Additional Home Loans (during Substitution Period only)
(a) Further Loans made
(b) Additional Home Loans purchased
(c) Capital Reserve fund for Further Loan and Additional Home Loans
17.Notes (principal) - Class A Notes outstanding
(a) Class A1 Redemption Amount
(b) Class A2A Redemption Amount
(c ) Class A2B Redemption Amount
(d) Class A3 Redemption Amount
18.Fund Required Amount - No Class A Notes outstanding, Class B Notes outstanding, No Class C
Interest Deferral, Arrears Reserve Trigger Event continuing
(a) Payment for Arrears Reserve B up to Reserve Fund Required Amount
(b) Payment for Arrears Reserve C up to Reserve Fund Required Amount
19.Fund Required Amount - No Class A Notes outstanding, Class B Notes still outstanding, Class C
Interest Deferral occurs, Arrears Reserve Trigger Event continuing
(a) Payment for Arrears Reserve B up to Reserve Fund Required Amount
20.Notes (principal) - No Class A Notes outstanding
(a) Class B Redemption Amount (up to Principal Deficiency)
21.Fund Required Amount - No Class A Notes outstanding, Class B Notes outstanding
(a) Payment for Reserve Fund Required Amount
22.Notes (principal) - No Class A Notes outstanding
(a) Class B Redemption Amount
(b) Class C Redemption Amount
23.Fund Required Amount - No Class B Notes outstanding, Arrears Reserve Trigger continuing
(a) Payment for Arrears Reserve C up to Reserve Fund Required Amount
24.Notes (principal) - No Class A Notes outstanding, No Class B Notes outstanding
(a) Class C Redemption Amount (up to Principal Deficiency)
25.Fund Required Amount - No Class A Notes outstanding, No Class B Notes outstanding, Class C
Outstanding
(a) Payment for Reserve Fund Required Amount
26.Notes (principal) - No Class A Notes outstanding, No Class B Notes outstanding
(a) Class C Redemption Amount
27.B Notes (not principal) – Class B Interest Deferral Event
(a) Interest and other expenses payable, other than principal, in respect of the Class B Notes
(b) Subordinating Servicing Fee due and payable if substitute Servicer assumes role of Servicer
28.Fund Required Amount – Class B Interest Deferral Event occurs, Arrears Reserve Trigger continuing
(a) Payment for Arrears Reserve B up to proportion of Arrears Reserve Required Amount
29.C Notes (not principal) – Class C Interest Deferral Event occurs
(a) Interest and other expenses payable, other than principal, in respect of the Class C Notes
30.Hedging Fee – other than Interest and other expenses
(a) Termination payments in respect of Hedging Transactions to the Hedge Counterparty
31.Notes (Principal) – failure to exercise Call Option (Coupon Step-Up Date)
(a) Remaining Notes Redemption Amounts on pari passu and pro rata basis
32.Subordinated Servicing Fee
(a) Pay Subordinated Servicing Fee due and payable to Servicer for as long as SAHL is the Servicer
33.Start-Up Loan (not principal) - No Principal Deficiency and No Event of Default
(a) Interest and other expenses payable, other than interest, in respect of the Start-Up Loan
34.Management Fee - Only if Substitute Servicer assumes role of Servicer, No Principal Defiecncy and
No Event of Default
(a) Pay Management Fee (if any) due and payable to the Substitute Servicer
35.Start-Up Loan (principal) - No Principal Deficiency and No Event of Default
(a) Capital payment
35.Dividend to Preference Shareholder - No Principal Shareholder and No Event of Default
(a) Pay or provide dividend to Preference Shareholder, net of Taxes
35.Owner Trust & Premitted Investments - No Principal Deficiency and No Event of Default
(a) If actual or contingent obligations outstanding to Secured Creditors, invest any surplus cash in Permitted
Investments.
(b) If all obligations to Secured Creditors, contingent or Otherwise, have been discharged in full, pay any surplus
as a dividend (net of taxes) to ordinary of Issuer
6-Oct-11
6-Oct-11
6-Jul-11
6-Oct-11
R 69,463,515.79
R 83,021,325.69
R 16,900,152.42
R 27,500,000.00
R 1,686,446.65
R 98,575.49
R 4,675,616.44
R -
R 3,316,888.44
R -
R 206,662,520.92
R 2,043,774,933.35
R 2,134,389,381.00
6-Oct-11
6-Oct-11
R 206,662,520.92
R (3,115,884.38)
R 203,546,636.54
Provided
R 2,209,386.29
R -
R 1,727,468.48
R -
R 34,200.00
R 148,509.37
R -
R 13,680.00
R 9,180.00
R 14,120.19
R 1,467,139.17
R 119,467.05
R -
R -
R -
R 14,257,051.14
R 8,273,521.90
R 12,426,301.37
R 2,018,958.90
R -
R 1,077,849.32
R -
R -
R -
R -
R -
R -
R 27,500,000.00
R 19,612,467.15
R -
R -
R -
R -
R -
R -
R 58,931,643.00
R 34,198,674.00
R -
R -
R -
R -
R -
R -
R -
R -
R -
R -
R -
R -
R -
R -
R -
R -
R -
R -
R 1,152,752.20
R 1,079,582.19
R -
R -
R 17,274,684.81
R -
R -
The Thekwini Fund 7 (Proprietary) Limited
Quarterly Report
Deal Name: The Thekwini Fund 7 (Proprietary) Limited (THE7A1, TH7A2A, T7A2BU, THE7A3 THE7B, THE7C)
Based on information
as at each Determination Date:
for the Interest Period: From (including)
To (excluding)
Class A1
ISIN Code ZAG000045329
Coupon Rate 0.25% above 3-month JIBAR
Original Balance R300,000,000.00
Balance before Payment R0.00
Bond Factor before Payment 0.00%
Interest Payment R0.00
Principal Redemption R0.00
Balance after Payment R0.00
Bond Factor after Payment 0.00%
Number of Notes 0
Class A3
ISIN Code ZAG000045345
Coupon Rate 9.860%
Original Balance R500,000,000.00
Balance before Payment R500,000,000.00
Bond Factor before Payment 100.00%
Interest Payment R12,426,301.37
Principal Redemption R0.00
Balance after Payment R500,000,000.00
Bond Factor after Payment 100.00%
Number of Notes 500
The Loan Portfolio
Number of Loans (Borrowers)
Beginning of the reporting period
Cancelled or Transferred Loans
Foreclosed Loans during the period (Realised losses during the period)
Additional Home Loans
Recoverable Bad Debts
Others
End of reporting period
Amounts
Beginning of reporting period
Instalment Received
Prepayments
Foreclosed Loans during the period (Realised losses during the period)
Net capital retained last quarter
Loyalty benefit accrued
Recoverable bad debt
Decrease/(Inrease) in non-performing advances (> 10 months in arrears)
Redraw and Further Advance
Further Loans
Net capital brought forward
Additional Home Loans
Interest
Net capital retained
End of reporting period
Cumulative Realised Losses
Realised losses after excess spread
Quarterly Cash Flows
1. Moneys Receipt during the period (+ swap)
BONDHOLDERS AND SUBORDINATED DEBT PROVIDERS
Amount Received from subordinated debt provider
PRINCIPAL
Retained Capital
Instalments
Prepayments
Delinquent Principal
Available PRINCIPAL
Total Bond Principal Payment
Unused Available Principal retained
INCOME
Expense over/underprovision
Income Receipts (Interest & Excess not capital)
Fixed Note Swap
Reinvestment revenue
TOTAL INCOME
TOTAL
2. Moneys Allocation
INVESTMENT
Acquisition of Mortgages portfolio and Investments
Further Loans
Readvances and Further advances
Capital Reserve fund for Further Loans and Additional Home Loans
REDEMPTION OF PRINCIPAL
Class A1
Class A2A
Class A2B
Class A3
Class B
Class C
SUB-TOTAL
EXPENSES AND INTEREST
Interest and expenses swap
Fixed Note swap
Fee pool servicer
Third Party Expenses
Interest due and overdue on Redraw Facility
Interest due and overdue on the Class A1 Notes
Interest due and overdue on the Class A2A Notes
Interest due and overdue on the Class A2B Notes
Interest due and overdue on the Class A3 Notes
Interest due and overdue on the Class B Notes
Interest due and overdue on the Class C Notes
Interest due and overdue on the Start-up Loan
Reconstitution of the Reserve Fund
Subordinated Servicing Fee
Reduction in Start-up Loan
Other - management fee (only if substitute servicer assumes role as servicer)
Other - preference dividend
Permitted Investments
TOTAL
Additional Information
Reserve Fund
Balance at the beginning of reporting period
Payment from Reserve Fund
Payment to Reserve Fund
Top-up of Reserve fund
Redemption portion
Balance at the end of reporting period
Start-up Loan
Balance at the beginning of reporting period
Bad debt write-off against start-up loan this quarter
Redemption portion
Balance at the end of reporting period
Redraw Facility
Balance at the beginning of reporting period
Payment from Redraw facility
Payment to Redraw facility
Balance at the end of reporting period
Amortization of the Notes
3 Month JIBAR as at 18 October 2011
Number of Notes
Outstanding Balance at the beginning of the period
Outstanding Balance at the end of the period
Quarterly Interest Rate for the period 18 October 2011 - 18 January 2012
Number of Notes
Outstanding Balance at the beginning of the period
Outstanding Balance at the end of the period
Quarterly Interest Rate for the period 18 October 2011 - 18 January 2012
No Trigger events have occurred as of 06 Oct 2010 Test
Total Pool
Arrears Reserve Trigger Trigger is breached when 1.00% of the princ bal of HL are > 3 mont
Redraw Trigger Event arrears
When Arrears trigger exceeds 1.20% and cease when reaches 0.90
Class B Principal Lock-out Class (B+C) as % of (A+B+C)2.5month>2.5% of HL Pool
Class (B+C) Notes 2.5months >2.0% of HL Pool
Class C Notes on IPD is Sum (Class B + Class C) on such IP
Class C Interest Deferral Event on IPD if Principal Deficiency > Class C Notes on such IPD
No Trigger events have occurred as of 06 Oct 2010 Test
Substitution Period - Additional Home Loans Notes been redeemed or enforcement of security taken place
Substitution Period Ended
Princ Bal HL pool + Additional HL+ Potential Redraw amt on curren
Bal HL pool + SAHL & final repayment 30 60 90 days in Arrears (no guarantees) 48
> 90 days in Arrears (with guarantees)* 4
SUB TOTAL 303
foreclosures 0
TOTAL 303
*Technical arrears per Offering Circular definition
Default Statistics *
Number of Defaulted Loans during the Period ( 01 Jul Percentage Defaulting Loans
2011 - 01 Oct 2011) during the Period (%)
177 3.10%
Number of Loans Recovered during the Period (01 Percentage Recovered Loans for
Jan 2011 - 01 Apr 2011) the Period (%)
196 3.43%
Percentage of realised losses in
Number realised losses in current period
current period (%)
1 0.02%
Number of realised losses since
Cumulative Realised Losses since closing
closing
R 5,886,956.81 212
Net Balance of NPLs sold to date Number of NPLs sold to date
R 191,341,981.71 411
Prepayment Statistics
Prepayments net of further lending
Annualised CPR
Quarter 1 (Jan 08) Quarter 2 (April 08)
3.81% 6.34%
Quarter 5 (Jan 09) Quarter 6 (April 09)
10.53% 8.34%
Quarter 9 (Jan 10) Quarter 10 (April 10)
8.15% 5.83%
Quarter 13 (Jan 11) Quarter 13 (Apr 11)
12.87% 14.87%
Prepayments net of further lending and cessions out of the portfolio
Annualised CPR
Quarter 1 (Jan 08) Quarter 2 (April 08)
-0.93% 3.80%
Quarter 5 (Jan 09) Quarter 6 (April 09)
4.67% 2.18%
Quarter 9 (Jan 10) Quarter 10 (April 10)
1.96% 1.38%
Quarter 13 (Jan 11) Quarter 13 (Apr 11)
3.75% 3.26%
Outstanding balances of Home
Geographical split
Loans
Eastern Cape R 161,078,781.74
Free State R 69,275,285.06
Gauteng R 927,213,076.78
KwaZulu Natal R 350,753,586.96
Limpopo Province R 31,070,851.14
Mpumalanga R 113,781,307.38
North West R 51,584,097.05
Northern Cape R 12,811,857.59
Western Cape R 326,206,089.65
Total R 2,043,774,933.35
Outstanding balances of Home
Owner Occupied split
Loans
Non-Owner Occupied R 164,600,991.72
Owner Occupied R 1,879,173,941.63
Total R 2,043,774,933.35
Outstanding balances of Home
Employment Split
Loans
Salaried R 1,839,935,450.50
Self Employed R 203,839,482.85
Total R 2,043,774,933.35
Principal Deficiency on Determination Date
Liabilities
8.1.1
less 8.1.2
plus 8.1.3
plus 8.1.4
less 8.1.5
Assets
8.1.6
plus 8.1.7
plus 8.1.8
plus 8.1.9
Description
Interest received from customers
Interest received investments & derivatives
Swap
Other
Total interest received & other income
Expenses
Interest paid to noteholders
Growth in reserves funded from interest
Application of interest received & other income
Excess spread prior to losses and principal deficiency coverage
Credit losses
Home Loans > 10 months in arrears
Additional excess spread used to redeem notes
Excess spread after losses and principal deficiency coverage
BU, THE7A3 THE7B, THE7C)
6-Oct-11
18-Jul-11
18-Oct-11
Class A2A Class A2B
ZAG000045469 ZAG000045485
0.55% above 3-month JIBAR 0.55% above 3-month JIBAR
R965,000,000.00 R560,000,000.00
R923,482,461.00 R535,906,920.00
95.70% 95.70%
R14,257,051.14 R8,273,521.90
R58,931,643.00 R34,198,674.00
R864,550,818.00 R501,708,246.00
89.59% 89.59%
965 560
Class B Class C
ZAG000045444 ZAG000045352
1.1% above 3-month JIBAR 2.2% above 3-month JIBAR
R120,000,000.00 R55,000,000.00
R120,000,000.00 R55,000,000.00
100.00% 100.00%
R2,018,958.90 R1,077,849.32
R0.00 R0.00
R120,000,000.00 R55,000,000.00
100.00% 100.00%
120 55
5,907
(190)
1
-
-
-
5,718
R 2,134,389,381.00
R (69,463,515.79)
R (83,021,325.69)
R (288,753.56)
R (3,316,888.44)
R (1,094,218.96)
R -
R (528,669.14)
R 19,612,467.15
R -
R 1,996,288,476.57
R -
R 41,854,703.01
R 3,115,884.38
R 2,041,259,063.96
R (5,886,956.81)
R -
R 27,500,000.00
R 27,500,000.00
R 155,801,729.92
R 3,316,888.44
R 69,463,515.79
R 83,021,325.69
R -
R 183,301,729.92
R -
R (3,115,884.38)
R 16,900,152.42
R -
R 1,785,022.14
R 4,675,616.44
R 23,360,791.00
R 203,546,636.54
R 19,612,467.15
R -
R -
R 19,612,467.15
R -
R 93,130,317.00
R -
R 58,931,643.00
R 34,198,674.00
R -
R -
R -
R 112,742,784.15
R 90,803,852.39
R -
R -
R 1,467,139.17
R 4,276,011.38
R -
R -
R 14,257,051.14
R 8,273,521.90
R 12,426,301.37
R 2,018,958.90
R 1,077,849.32
R 1,079,582.19
R 27,500,000.00
R 1,152,752.20
R -
R -
R 17,274,684.81
-
R 203,546,636.54
R 27,500,000.00
R -
R -
R -
R -
R 27,500,000.00
R 27,500,000.00
R -
R -
R27,500,000.00
R 87,500,000.00
R -
R -
R 87,500,000.00
5.575%
Class A1 Class A2A Class A2BU
0 965 560
R - R 923,482,461.00 R 535,906,920.00
R - R 864,550,818.00 R 501,708,246.00
5.825% 6.125% 6.125%
Class A3 Class B Class C
500 120 55
R 500,000,000.00 R 120,000,000.00 R 55,000,000.00
R 500,000,000.00 R 120,000,000.00 R 55,000,000.00
9.860% 6.675% 7.775%
Current Level on the
Test Test Amount
Rate
R2,500,000,000.00 N/a N/a
1.00% of the princ bal of HL are > 3 months in 1.00% 0.85%
eeds 1.20% and cease when reaches 0.90% 1.20% 0.85%
+C)2.5% of HL Pool >2.5% 1.05%
R 3,704,684.20 R 175,000,000.00
notification? no notification
2.0% of HL Pool >2% 1.05%
1.5x Principal Bal of largest HL R 2,778,513.15 R 55,000,000.00
Yes no notification
Sum (Class B + Class C) on such IPD R 175,000,000.00 0
ncy > Class C Notes on such IPD R 55,000,000.00 0
Current Level on the
Test Test Amount
Rate
enforcement of security taken place redemption/enforcement Yes
18 October 2010 18 October 2011
onal HL+ Potential Redraw amt on current DD > Princ No Yes
al + Potential Redraw + to Final Redemption
HLrepayment < 2yrs priorCapital Reserve amt on No Yes
1.00% 0.85%
urchase of Additional HL not to exceed 1% of Initial 61.70% 56.54%
urcahse of Additional HL not to exceed 1% of Initial 21.40% 18.27%
after in HL Pool Additional HL of to exceed 10% of
ertiespurchase ofafter purchase notAdditional HL not 16.89% 8.05%
l.
urchase of Additional Home Loans to not exceed 10.00% 9.97%
e Home Loan Pool. purchase of Additional Home
VM evaluation after 15.00% 12.08%
of Home Loans in Home Loan Pool. 20.00% 0.00%
the Home Loan Pool is at least 1.65% above JIBAR 1.65% 1.95%
< R27,500,000.00 R 27,500,000.00
Yes No
performing? No Yes
Yes no notification
18-Oct-12 18-Oct-11
R 87,500,000.00 R -
R 111,724,357.43 R 19,612,467.15
urther advance not to exceed 1% of Initial Home Loan 61.70% 56.54%
rther advance not to exceed 1% of Initial Home Loan 21.40% 18.27%
Event occurred? 1.00% 0.85%
< R27,500,000.00 R 27,500,000.00
1.20% 0.85%
No R1,866,259,064.00
Yes No
by Security SPV in effect? Yes No
e outstanding under the existing HL Agreement prior No Yes
capital amount secured by all Indemnity Bonds?
18 October 2010 18 October 2011
dvance of Further Loan not to exceed 1% of Initial 61.70% 56.54%
dvance of Further Loan not to exceed 1% of Initial 21.40% 18.27%
erties in HL Pool after advance of Further Loan not to 16.89% 8.05%
after advance of Further Home Loan Pool by more
ed properties in the InitialLoan not to exceed 10% of 10.00% 9.97%
dvance of Further Loan to not exceed 15% of Home 15.00% 12.08%
Pool.
VM evaluation after advance of Further Loan to not 20.00% 0.00%
the Home Loan Pool.
ns inHome Loan Pool is at least 1.65% above JIBAR 1.65% 1.95%
al repayment of HL < 2yrs prior to Final Redemption of No Yes
ity or Available Internal Redraw Funds No Yes
Event occurred? 1.00% 0.85%
Yes No
No R 1,866,259,064.00
Yes no notification
by Security SPV in effect? Yes No
utstanding under the existing HL Agreement prior to No Yes
amount secured by existing HL Agreement
utstanding under the all Indemnity Bonds? prior to No Yes
Eligibility Criteria?
Percentage of Principal
Percentage of Number of Loans Principal Balance of Arrears
Outstandingof the
Outstanding (1)(%) Loans
Loans (1)(%)
3.01% R 68,818,900.65 3.37%
1.10% R 22,595,972.68 1.11%
0.28% R 6,214,837.05 0.30%
0.84% R 21,185,112.92 1.04%
0.07% R 192,623.28 0.01%
5.30% R 119,007,446.58 5.83%
0.00% R - 0.00%
5.30% R 119,007,446.58 5.83%
Defaulted Instalment Value during the Number of Defaulted Loans Percentage Defaulting
Period since Closing Loans since Closing (%)
R 689,394.61 3,920 68.56%
Instalments of Loans Recovered for Number of Loans Recovered Percentage Recovered
the Period since Closing Loans since Closing (%)
R 1,292,686.18 3,446 60.27%
Outstanding balance before realised
Amount recovered Realised Loss
loss
R 563,753.56 R 275,000.00 R 288,753.56
Percentage realised losses since
closing (%)
0.24%
Number of NPL Losses
Value of NPL Losses realised to date
realised to date
R 4,783,700.64 203
of further lending
sed CPR
Quarter 3 (Jul 08) Quarter 4 (Oct 08)
12.81% 8.61%
Quarter 7 (Jul 09) Quarter 8 (Oct 09)
6.48% 9.67%
Quarter 11 (Jul 10) Quarter 12 (Oct 10)
6.65% 7.98%
Quarter 14 (Jul 11) Quarter 15 (Oct 11)
15.60% 11.60%
g and cessions out of the portfolio
sed CPR
Quarter 3 (Jul 08) Quarter 4 (Oct 08)
9.16% 5.12%
Quarter 7 (Jul 09) Quarter 8 (Oct 09)
0.98% 2.80%
Quarter 11 (Jul 10) Quarter 12 (Oct 10)
1.84% 2.31%
Quarter 14 (Jul 11) Quarter 15 (Oct 11)
4.29% 4.19%
% Outstanding balance No. of Home Loans % No. of Home Loans
7.9000% 492 8.60%
3.39% 212 3.71%
45.37% 2,397 41.92%
17.16% 1,072 18.75%
1.52% 80 1.40%
5.57% 303 5.30%
2.52% 147 2.57%
0.63% 49 0.86%
15.94% 966 16.89%
100.00% 5,718 100.00%
% Outstanding balance No. of Home Loans % No. of Home Loans
8.05% 443 7.75%
91.95% 5,275 92.25%
100.00% 5,718 100.00%
% Outstanding balance No. of Home Loans % No. of Home Loans
90.03% 5,302 92.72%
9.97% 416 7.28%
100.00% 5,718 100.00%
06-Oct-11
Principal of Notes R2,134,389,381.00
Notes to be redeemed R (93,130,317.00)
Redraw facility outstanding R -
Expected increase in Redraw Fac R -
Repayment of Redraw Fac R -
R 2,041,259,064.00
Principal balance of Home Loans R 2,022,941,821.41
Redraws, Additional HL, FA, Capital
R 18,317,244.13
Reserve
right to repayment of Redraws R -
Further Advances R -
R 2,041,259,065.54
Principal Deficiency 0
Amount % of opening balance of note
R 40,760,484.05 1.91%
R 1,785,022.14 0.08%
R 4,675,616.44 0.22%
R 16,900,152.42 0.79%
R 64,121,275.05 3.00%
R (5,743,150.55) -0.27%
R (38,053,682.64) -1.78%
R - 0.00%
R (43,796,833.18) -2.05%
R 20,324,441.87 0.95%
R (288,753.56) -0.01%
R (528,669.14) -0.02%
R 0.04 0.00%
R 19,507,019.21 0.91%
Breached?
No
No
No
in effect
No
No
No
No
No
in effect
No
No
No
No
No
No
No
Breached?
Yes
Yes
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
Yes
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No