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 October 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 File IRS Employer 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 - Determination Date 13-Oct-00
Housing Loan Collection Period 10-Jul-00 to 09-Oct-00
(inclusive) (inclusive)
Days in Collection Period 92
Coupon Period 19-Jul-00 to 19-Oct-00
(inclusive) (exclusive)
Days in Coupon Period 92
3 month BBSW at beginning of coupon period 6.2183%
3 Month USD-LIBOR 6.7400%
Foreign Exchange Rate 0.62354525564
Available Income 23,901,655.97
Total Available Funds 23,901,655.97
Accrued Interest Adjustment 0.00
Redraws Made This Period 23,087,469.65
Redraw Shortfall 0.00
Redraw Facility Draw 0.00
RFS Issued This Period 0.00
Trust Expenses 869,544.20
Total Payments 21,197,446.34
Payment Shortfall 0.00
Principal Draw This Period 0.00
Total Principal Draws Outstanding 0.00
Gross Principal Collections 110,989,242.10
Principal Collections 87,901,772.45
Excess Available Income 2,704,209.63
Excess Collections Distribution 2,704,209.63
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 22,575.79
Average Daily Balance for Qtr 1,155,734,779.95
Subordinated Percentage 4.2058%
Initial Subrdinated Percentage 2.3000%
Average Quarterly Percentage 0.3232%
Chargeoffs 0.00
Carryover ChargeOffs 0.00
Principal/100,000 Coupon/100,000
Class A 0.00 3,992.9142 918.3466
Class B 0.00 0.0000 1,790.1667
Stated Amount - AUD Equivalent Percentage Forex
Percentage
Class A 1,061,946,431.84 95.79421% 1.00000
Class B 51,800,570.54 4.20579%
RFS 0.00 0.00000
TOTAL 1,113,747,002.38 100.00000% 100.00000%
Stated Amount - USD Bond Factor
Class A 662,171,659.31 0.4823863
Class B 32,300,000.00 1.0000000
RFS 0.00
TOTAL 694,471,659.31
WST 1998-1G
DELINQUENCY STATISTICS
Collection Period Ended: 09-Oct-00
Number of
Loans Current Balance Instalment % by % by
Amount $A Number Balance
Balance
Current 11,352 1,012,829,761 9,106,805 92.09% 90.94%
1-29 Days 852 89,326,823 735,317 6.91% 8.02%
30-59 Days 72 6,979,506 53,732 0.58% 0.63%
60-89 Days 26 2,627,416 18,784 0.21% 0.24%
90-119 Day 9 641,115 4,965 0.07% 0.06%
120-149 Days 7 563,334 3,867 0.06% 0.05%
150-179 Days 1 26,037 405 0.01% 0.00%
180+ Days 8 753,012 6,001 0.06% 0.07%
Total 12,327 1,113,747,002 9,929,877 100.00% 100.00%
$A
Scheduled principal $ 8,005,563
Unscheduled principal $ 79,896,210
Principal Collections $ 87,901,772
Fixed Interest Rate Housing Loan $ 201,713,603
Variable Rate Housing Loans $ 912,033,399
$ 1,113,747,002
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: October 19, 2000
By: /s/ Lewis E. Love Jr
Name: Lewis E. Love Jr
Title: Secretary
