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 April 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 Incorporation Commission IRS Employer
File Number Ident. No.
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 - 13-Apr-00
Determination Date
Housing Loan Collection 10-Jan-00 to 09-Apr-
Period 00
(inclusive) (incl)
Days in Collection Period 91
Coupon Period 19-Jan-00 to 19-Apr-
00
(inclusive) (excl)
Days in Coupon Period 91
3 month BBSW at beginning of 5.7067% 3 Month USD- 6.03625%
coupon period LIBOR
Foreign Exchange Rate 0.62354525564
Available Income 24,730,184
Total Available Funds 24,730,184
Accrued Interest Adjustment 0
Redraws Made This Period 25,814,978
Redraw Shortfall 0
Redraw Facility Draw 0
RFS Issued This Period 0
Trust Expenses 1,000,793
Total Payments 22,007,635
Payment Shortfall 0
Principal Draw This Period 0
Total Principal Draws 0
Outstanding
Gross Principal Collections 130,114,617
Principal Collections 104,299,638
Excess Available Income 2,722,548
Excess Collections 2,722,548
Distribution
Liquidity Shortfall 0
Liquidity Net Draw / 0
(Repayment) this period
Remaining Liquidity 0
Shortfall
Liquidation Loss 0
Principal Charge Offs 0
Prepayment Benefit Shortfall 59,898
Average Daily Balance for 1,348,094,707
Qtr
Subordinated Percentage 3.6114%
Initial Subrdinated 2.3000%
Percentage
Average Quarterly Percentage 0.3921%
Reuters Information Principal/100, Coupon/100,
000 000
Class A 0.00 4,737.7828 959.1963
Class B 0.00 0.0000 1,592.8160
Stated Amount - AUD Percentage Forex Chargeof C/over
Equivalent Percentage fs ChgeOf
fs
Class A 96.38855% 1.00000
1,248,244,327.95
Class B 51,800,570.54 3.61145%
RFS 0.00 0.00000
TOTAL 100.00000% 100.00000%
1,300,044,898.49
Stated Amount - USD Bond Factor
Class A 778,336,828.57 0.5670116 0.00 0.00
Class B 32,300,000.00 1.0000000 0.00 0.00
RFS 0.00 0.00 0.00
TOTAL 0.5769657 0.00 0.00
810,636,828.57
$A
Scheduled principal
10,727,579
Unscheduled principal
93,572,060
Principal Collections
104,299,638
-------------
Fixed Interest Rate Housing Loan 231,875,793
Variable Rate Housing Loans 1,068,169,106
-------------
1,300,044,898
DELINQUENCY
STATISTICS
Collection Period Ended 09-April-2000:
Number Current % by % by
of Balance Instalment Number Balance
Loans Outstanding Amount $A
$A
Current 90.13% 89.90%
12,787 1,168,759,585 10,011,838
1-29 Days 8.77% 8.94%
1,244 116,280,267 994,929
30-59 Days 0.74% 0.75%
105 9,722,619 71,729
60-89 Days 0.17% 0.20%
24 2,638,054 19,228
90-119 0.06% 0.09%
Days 9 1,110,625 8,168
120-149 0.06% 0.05%
Days 8 673,141 6,088
150-179 0.02% 0.02%
Days 3 198,866 1,769
180+ Days 0.05% 0.05%
7 661,743 6,033
Total 14,187 1,300,044,900 11,119,782 100% 100%
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 1998-1G WST Trust,
(Registrant)
Dated: May 2, 2000 By: /s/Lewis E. Love Jr
Name: Lewis E. Love Jr
Title: Director & Secretary
