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 August 21, 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-Aug-00
Housing Loan Collection Period 10-May-00 to 09-Aug-00
(inclusive) (inclusive)
Days in Collection Period 92
Coupon Period 19-May-00 to 21-Aug-00
(inclusive) (exclusive)
Days in Coupon Period 94
3 month BBSW at beginning of coupon period 6.4367%
3 Month USD-LIBOR 6.8088%
Foreign Exchange Rate 0.655
Available Income 20,115,286
Total Available Funds 20,115,286
Accrued Interest Adjustment 0
Redraws Made This Period 27,737,198
Redraw Shortfall 0
Redraw Facility Draw 0
RFS Issued This Period 0
Trust Expenses 782,268
Total Payments 18,599,663
Payment Shortfall 0
Principal Draw This Period 0
Total Principal Draws Outstanding 0
Gross Principal Collections 108,795,286
Principal Collections 81,058,088
Excess Available Income 1,515,623
Excess Collections Distribution 1,515,623
Liquidity Shortfall 0
Liquidity Net Draw / (Repayment) this period 0
Remaining Liquidity Shortfall 0
Liquidation Loss 0
Principal Charge Offs 0
Prepayment Benefit Shortfall 68,419
Average Daily Balance for Qtr 977,461,795
Subordinated Percentage 3.2127%
Initial Subrdinated Percentage 2.4400%
Average Quarterly Percentage 0.3137%
Principal/100,000 Coupon/100,000 / 10,000
Class A 6,006.6804 1,338.2061 usd
Class B 0.0000 181.9917 aud
Stated Amount - AUD Equivalent Percentage Forex Percentage
Class A 905,718,652.18 96.78733% 1.00000
Class B 33,750,000.00 3.21267%
RFS 0.00 0.00000
TOTAL 939,468,652.18 100.00000% 100.00000%
Stated Amount - USD Bond Factor
Class A 593,245,717.18 0.6711684 0.00 0.00
Class B 22,106,250.00 1.0000000 0.00 0.00
RFS 0.00 0.00 0.00
TOTAL 615,351,967.18 0.6791917 0.00 0.00
WST99-1G
DELINQUENCY STATISTICS
Collection Period Ended: 9th August 2000
Number Current Instalment % by % by
of Loans Balance Amount $ Number Balance
Current 8,899 872,154,934 7,126,660 93.38% 92.83%
1 - 29 Days 552 58,093,447 423,066 5.79% 6.18%
30 - 59 Days 45 4,966,757 35,916 0.47% 0.53%
60 - 89 Days 15 2,118,973 17,197 0.16% 0.23%
90 - 119 Days 13 1,414,678 10,756 0.14% 0.15%
120 - 149 Days 1 155,474 1,056 0.01% 0.02%
150 - 179 Days 2 167,962 1,983 0.02% 0.02%
180+ Days 3 396,427 (12,780) 0.03% 0.04%
TOTAL 9,530 939,468,651 7,603,854 100.00% 100.00%
$A
Scheduled principal $ 5,306,846
Unscheduled principal $ 75,751,242
Principal Collections $ 81,058,088
Fixed Interest Rate Housing Loan $ 221,413,210
Variable Rate Housing Loans $ 718,055,442
$ 939,468,652
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: August , 2000
By: /s/ Lewis E. Love Jr
Name: Lewis E. Love
Jr
Title: Secretary
