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 February 22, 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)
Level 25, 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-Feb-00
Housing Loan Collection Period 10-Nov-99 to 09-Feb-00
(inclusive) (inclusive)
Days in Collection Period 92
Coupon Period 19-Nov-99 to 21-Feb-00
(inclusive) (exclusive)
Days in Coupon Period 94 95 22-Feb-2000 Class A Only
3 month BBSW at beginning of coupon period 5.4883% 3 month USD-LIBOR 6.10125%
Foreign Exchange Rate 0.6550
SUMMARY PAGE
Available Income 20,376,278.41
Total Available Funds 20,376,278.41
Accrued Interest Adjustment 0.00
Redraws Made This Period 25,600,991.10
Redraw Shortfall 0.00
Redraw Facility Draw 0.00
RFS Issued This Period 0.00
Trust Expenses 846,476.67
Total Payments 18,929,549.63
Payment Shortfall 0.00
Principal Draw This Period 0.00
Total Principal Draws Outstanding 1,701,201.98
Gross Principal Collections 116,217,306.12
Principal Collections 90,616,315.02
Excess Available Income 1,446,728.78
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 141,152.60
Average Daily Balance for Qtr 1,137,783,116.81
Subordinated Percentage 2.7642%
Initial Subordinated Percentage 2.4400%
Average Quarterly Percentage 0.0000%
Coupon/100,000/
Reuters Information Principal/100,000 10,000
Class A 0.00 6,714.9775 1,425.9303 usd
Class B 0.00 0.0000 157.5672 aud
Carryover
Stated Amount - AUD Equivalent Percentage Forex Percentage Chargeoffs
Class A 1,066,594,026.12 97.23578% 1.00000
Class B 33,750,000.00 2.76422%
RFS 0.00 0.00000
TOTAL 1,100,344,026.12 100.00000% 100.00000%
Stated Amount - USD Bond Factor
Class A 698,619,087.11 0.7903825
Class B 22,106.250.00 1.0000000
RFS 0.00
TOTAL 720,725,337.11 0.7954971
-2-
<PAGE>
<CAPTION>
$A
<S> <C>
Scheduled principal 6,804,194
Unscheduled principal 82,365,392
----------------
Principal Collections 89,169,586
----------------
Fixed Interest Rate Housing Loan 271,580,714
Variable Rate Housing Loans 827,062,110
---------------
1,098,642,824
<CAPTION>
WST99-1G
DELINQUENCY STATISTICS
Collection Period Ended: 9th February, 2000
- ----------------------------------------------------------------------------------------------------------
Number Current Balance Instalment % by % by
of Loans Amount Number Balance
(A$)
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Current 10,099 $1,020,991,088 7,715,702 93.44% 92.93%
1-29 622 $66,771,955 472,545 5.75% 6.08%
Days
30-59 61 $7,893,599 51,825 0.56% 0.72%
Days
60-89 16 $2,027,111 6,852 0.15% 0.18%
Days
90-119 7 $554,734 4,067 0.06% 0.05%
Days
120-149 1 $106,896 751 0.01% 0.01%
Days
150 - 179 2 $297,442 878 0.02% 0.03%
days
- ----------------------------------------------------------------------------------------------------------
Total 10,808 $1,098,642,824.15 8,252,620 100.00% 100.00%
- ----------------------------------------------------------------------------------------------------------
</TABLE>
<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: February 19, 2000 By: /s/ Lewis E. Love, Jr.
----------------------------------------
Name: Lewis E. Love, Jr.
--------------------------------------
Title: Director & Secretary
-------------------------------------
-3-