FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
CURRENT REPORT
Pursuant to Rule 13 or 15d-16 of
the Securities Exchange Act of 1934
For the Coupon Period ending May 19, 2000
Westpac Securitisation Management Pty Limited,
in its capacity as trust manager
of the Series 1999-1G WST Trust
(Translation of registrant's name into English)
New South Wales 333-64199 98-0181944
----------------- --------- -----------
State of Incorporation Commission File IRS Employer No.
Number
Level 25, 60 Martin Place, Sydney, NSW 2000, Australia
(Address of principal executive offices)
Registrant's telephone number
+612 9226 3212
NOTEHOLDERS REPORT - SERIES 1999-1G WST TRUST
Date of Report - Determination Date 15-May-00
Housing Loan Collection Period 10-Feb-00 to 09-May-00
(inclusive) (inclusive)
Days in Collection Period 90
Coupon Period 21-Feb-00 to 19-May-00
(inclusive) (exclusive)
Days in Coupon Period 88 (Class B) 87 (Class A)
3 month BBSW at beginning of coupon period 5.7917%
3 Month USD-LIBOR 6.11000%
Foreign Exchange Rate 0.6550
Available Income 19,470,520
Total Available Funds 19,470,520
Accrued Interest Adjustment 0
Redraws Made This Period 24,590,592
Redraw Shortfall 0
Redraw Facility Draw 0
RFS Issued This Period 0
Trust Expenses 770,761
Total Payments 17,112,853
Payment Shortfall 0
Principal Draw This Period 0
Total Principal Draws Outstanding 0
Gross Principal Collections 104,407,878
Principal Collections 79,817,286
Excess Available Income 2,357,667
Excess Collections Distribution 656,465
Liquidity Shortfall 0
Liquidity Net Draw / (Repayment) this period 0
Remaining Liquidity Shortfall 0
Liquidation Loss 0
Principal Charge Offs 0
Prepayment Benefit Shortfall 115,481
Average Daily Balance for Qtr 1,058,572,229
Subordinated Percentage 2.9858%
Initial Subrdinated Percentage 2.4400%
Average Quarterly Percentage 0.2418%
Prin/100,000 Cpn/100,000/ 10,000
Class A 5,914.7327 1,205.2674 usd
Class B 0.0000 154.8245 aud
Stated Amount - AUD Equivalent Percentage ForexPercentage
Class A 986,776,740.44 97.01418% 1.00000
Class B 33,750,000.00 2.98582%
RFS 0.00 0.00000
TOTAL 1,020,526,740.44 100.00000% 100.00000%
Stated Amount - USD Bond Factor
Class A 646,338,764.99 0.7312352
Class B 22,106,250.00 1.0000000
RFS 0.00
TOTAL 668,445,014.99 0.7377929
Chargeoffs = 0.00
Carryover Chargeoffs = 0.00
$A
Scheduled principal $ 6,223,907
Unscheduled principal $ 71,892,176
Principal Collections $ 78,116,084
Fixed Interest Rate Housing Loan $ 240,129,806
Variable Rate Housing Loans $ 780,396,935
$ 1,020,526,740
DELINQUENCY STATISTICS
Collection Period Ended: 09-May-2000
Number Current Instalment Amount % by % by
of Loans Balance $ Number Balance
Current 9,432 940,378,687 7,500,173 92.53% 92.15%
1 - 29 days 676 71,659,025 541,954 6.63% 7.02%
30 - 59 days 55 5,510,633 43,173 0.54% 0.54%
60 - 89 days 16 1,385,733 11,725 0.16% 0.14%
90 - 119 days 9 968,790 6,839 0.09% 0.09%
120 - 149 days 2 190,373 1,244 0.02% 0.02%
150 - 179 days 2 248,000 (1,351) 0.02% 0.02%
180+ days 1 185,500 1,083 0.01% 0.02%
TOTAL 10,193 1,020,526,740 8,104,840 100.00% 100.00%
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: June , 2000
By: /s/ Lewis E. Love Jr
Name: Lewis E. Love Jr
Title: Secretary
