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 July 19, 2000
Westpac Securitisation Management Pty Limited,
in its capacity as trust manager
of the Series 1998-1G WST Trust
(Translation of registrant's name into English)
New South Wales 333-64199 98-0181944
----------------- --------- ----------
State of Incorp. 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 1998-1G WST TRUST
Date of Report - Determination Date 13-Jul-00
Housing Loan Collection Period 10-Apr-00 to 09-Jul-00
(inclusive)
(inclusive)
Days in Collection Period 91
Coupon Period 19-Apr-00 to 19-Jul-00
(inclusive) (exclusive)
Days in Coupon Period 91
3 month BBSW at beginning of coupon period 5.9950%
3 Month USD-LIBOR 6.2825%
Foreign Exchange Rate 0.62354525564
Available Income 24,610,447.18
Total Available Funds 24,610,447.18
Accrued Interest Adjustment 0.00
Redraws Made This Period 25,302,278.38
Redraw Shortfall 0.00
Redraw Facility Draw 0.00
RFS Issued This Period 0.00
Trust Expenses 962,306.15
Total Payments 21,929,551.94
Payment Shortfall 0.00
Principal Draw This Period 0.00
Total Principal Draws Outstanding 0.00
Gross Principal Collections 123,698,402.04
Principal Collections 98,396,123.66
Excess Available Income 2,680,895.24
Excess Collections Distribution 2,680,895.24
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 45,389.62
Average Daily Balance for Qtr 1,247,825,105.81
Subordinated Percentage 3.8946%
Initial Subrdinated Percentage 2.3000%
Average Quarterly Percentage 0.4189%
Chargeoffs 0.00
Carryover ChargeOffs 0.00
Principal/100,000 Coupon/100,000
Class A 0.00 4,469.6173 920.5237
Class B 0.00 0.0000 1,655.0625
Stated Amount - AUD Equivalent Percentage Forex Percentage
Class A 1,149,848,204.29 96.10535% 1.00000
Class B 51,800,570.54 3.89465%
RFS 0.00 0.00000
TOTAL 1,201,648,774.83 100.00000% 100.00000%
Stated Amount - USD Bond Factor
Class A 716,982,392.48 0.5223154
Class B 32,300,000.00 1.0000000
RFS 0.00
TOTAL 749,282,392.48
$A
Scheduled principal $ 9,413,994
Unscheduled principal $ 88,982,130
Principal Collections $ 98,396,124
Fixed Interest Rate Housing Loan $ 218,138,279
Variable Rate Housing Loans $ 983,510,496
$ 1,201,648,775
DELINQUENCY STATISTICS
Collection Period Ended: 09-July-2000
Number Current Instalment Amount % by % by
of LoansBalance $ Number Balance
Current 11,786 1,073,320,438 9,286,167 90.14% 89.32%
1 - 29 Days 1,132 113,095,274 916,621 8.66% 9.41%
30 - 59 96 9,344,762 70,296 0.73% 0.78%
60 - 89 37 3,705,401 25,986 0.28% 0.31%
90 - 119 14 1,093,538 8,221 0.11% 0.09%
120 - 149 3 403,806 2,792 0.02% 0.03%
150 - 179 2 285,416 2,186 0.02% 0.02%
180+ 5 400,751 3,310 0.04% 0.03%
TOTAL 13,075 1,201,649,386 10,315,578 100.00% 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
1998-1G 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: August 1, 2000
By: /s/ Lewis E. Love Jr
Name: Lewis E. Love Jr
Title: Secretary
