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Previous: KEYSTONE ENERGY SERVICES INC, 10SB12G, 1999-12-03 |
Next: GO ONLINE NETWORKS CORP, SB-2/A, 1999-12-03 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Coupon Period ending November 19, 1999
Westpac Securitisation Management Pty Limited
(Translation of registrant's name into English)
Level 4, 60 Martin Place, Sydney, NSW 2000,
Australia (Address of principal
executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
--- ----
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes No X
---- ----
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule
12g3-2(b): 82-------------------.
-1-
<PAGE>
<TABLE>
<CAPTION>
NOTEHOLDERS REPORT - SERIES 1999-1G WST TRUST
<S> <C> <C> <C>
Date of Report - Determination Date 15-Nov-99
Housing Loan Collection Period 10-Aug-99 to 09-Nov-99
(inclusive) (inclusive)
Days in Collection Period 92
Coupon Period 19-Aug-99 to 19-Nov-99
(inclusive) (exclusive)
Days in Coupon Period 92
3 month BBSW at beginning of coupon period 4.9167% 3 month USD-LIBOR 5.47750%
Foreign Exchange Rate 0.6550
SUMMARY PAGE
Available Income 18,205,082.57
Total Available Funds 18,611,211.75
Accrued Interest Adjustment 0.00
Redraws Made This Period 26,112,954.94
Redraw Shortfall 0.00
Redraw Facility Draw 0.00
RFS Issued This Period 0.00
Trust Expenses 911,358.65
Total Payments 18,611,211.75
Payment Shortfall 406,129.18
Principal Draw This Period 406,129.18
Total Principal Draws Outstanding 3,147,930.76
Gross Principal Collections 112,140,847.29
Principal Collections 86,027,892.35
Excess Available Income 0.00
Excess Collections Distribution 0.00
Liquidity Shortfall 0.00
Liquidity Net Draw / (Repayment) this period 0.00
Remaining Liquidity Shortfall 0.00
Liquidation Loss 0.00
Principal Charge Offs 0.00
Prepayment Benefit Shortfall 84,600.95
Average Daily Balance for Qtr 1,230,433,072
Subordinated Percentage 2.5831%
Initial Subordinated Percentage 2.4400%
Average Quarterly Percentage 0.0000%
Coupon/100,000/
Reuters Information Principal/100,000 10,000
Class A 0.00 6,344.8642 1,336.2666 usd
Class B 0.00 0.0000 139.8072 aud
Carryover
Stated Amount - AUD Equivalent Percentage Forex Percentage Chargeoffs
Class A 1,157,210,341.15 97.41692% 1.00000
Class B 33,750,000.00 2.58308%
RFS 0.00 0.00000
TOTAL 1,190,960,341.15 100.00000% 100.00000%
-2-
<PAGE>
Stated Amount - USD Bond Factor
Class A 757,972,773.45 0.8575323
Class B 22,106,250.00 1.0000000
RFS 0.00
TOTAL 780,079.023.45 0.8610084
$A
Scheduled principal 9,829,300
Unscheduled principal 76,198,592
---------------
Principal Collections 86,027,892
---------------
Fixed Interest Rate Housing Loan 290,083,575
Variable Rate Housing Loans 897,728,835
---------------
1,187,812,410
</TABLE>
-3-
<PAGE>
<TABLE>
<CAPTION>
WST99-1G
DELINQUENCY STATISTICS
Collection Period Ended: 14th November, 1999
<S> <C> <C> <C> <C> <C>
Number Current Balance Instalment % by % by
of Loans Amount Number Balance
(A$)
====================================================================================================================
Current 9,260 $952,852,626 7,038,482 80.51% 80.22%
1-29 2,143 $222,359,721 1,648,084 18.63% 18.72%
Days
30-59 70 $8,922,388 62,216 0.61% 0.75%
Days
60-89 18 $2,220,593 2,334 0.16% 0.19%
Days
90-119 5 $763,913 1,904 0.04% 0.06%
Days
120-149 4 $547,555 3,677 0.03% 0.05%
Days
180+ days 1 $145,614 958 0.01% 0.01%
- ---------------------------------------------------------------------------------------------------------------------------
Total 11,501 $1,187,812,410.3 8,757,655 100.00% 100.00%
9
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
-4-
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf, as Trust Manager for the Series 1999-1G WST Trust, by the
undersigned, thereunto duly authorized.
Westpac Securitisation Management
Pty Limited, as Trust Manager
for the Series 1999-1G WST Trust,
(Registrant)
Dated: November 19, 1999 By:/s/ Lewis E. Love Jr.
------------------------------------
Name: Lewis E. Jr.
Title: Senior Vice President
-5-
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