UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 25, 1999
CENTEX HOME EQUITY CORPORATION
Home Equity Loan Asset-Backed Certs., Series 1999-1 Trust
New York (governing law of 333-54027 52-2154821
Pooling and Servicing Agreement) (Commission 52-2154845
(State or other File Number) IRS EIN
jurisdiction
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, MD (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
Former name or former address, if changed since last report)
ITEM 5. Other Events
On August 25, 1999 a distribution was made to holders of CENTEX HOME EQUITY
CORPORATION, Home Equity Loan Asset-Backed Certs., Series 1999-1 Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of
Regulation S-K
Exhibit Number Description
Monthly report distributed to holders of
EX-99.1 Home Equity Loan Asset-Backed Certs.,
Series 1999-1 Trust, relating to the
August 25, 1999 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CENTEX HOME EQUITY CORPORATION
Home Equity Loan Asset-Backed Certs., Series 1999-1 Trust
By: Norwest Bank Minnesota, N.A., as Trustee
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 8/30/99
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Home Equity Loan
Asset-Backed Certs., Series 1999-1 Trust, relating to the
August 25, 1999 distribution.
<TABLE>
<CAPTION>
Centex Home Equity Corporation
Mortgage Pass-Through Certificates
Record Date: 7/31/99
Distribution Date: 8/25/99
CHEC Series: 1999-1
Contact: Customer Service - Columbia, MD
Norwest Bank Minnesota, N.A.
Securities Administration Services
11000 Broken Land Parkway
Columbia, MD 21044
Telephone: (301) 815-6600
Fax: (410) 884-2369
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 152314AW0 SEQ 6.07000% 54,838,683.01 277,392.34 2,399,980.10
A-2 152314AX8 SEQ 6.04500% 20,000,000.00 100,750.00 0.00
A-3 152314AY6 SEQ 6.24000% 33,000,000.00 171,600.00 0.00
A-4 152314AZ3 SEQ 6.39000% 27,000,000.00 143,775.00 0.00
A-5 152314BA7 SEQ 6.83500% 19,267,000.00 109,741.62 0.00
A-6 152314BB5 SEQ 6.45000% 18,000,000.00 96,750.00 0.00
A-7 152314BC3 SEQ 5.48375% 53,122,425.29 242,758.41 1,981,725.39
A-8 152314BD1 SEQ 6.00000% 20,000,000.00 100,000.00 0.00
X-IO CTX991XIO SEQ 0.00000% 0.00 0.00 0.00
OC CTX9901OC SUB 0.00000% 4,271,462.58 0.00 0.00
R-1 CTX9901R1 SEQ 0.00000% 0.00 0.00 0.00
R-2 CTX9901R2 SEQ 0.00000% 0.00 0.00 0.00
MBIA CTX9901FS SUB 1,200.00000% 0.00 30,653.00 0.00
Totals 249,499,570.88 1,273,420.37 4,381,705.49
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A-1 0.00 52,438,702.92 2,677,372.44 0.00
A-2 0.00 20,000,000.00 100,750.00 0.00
A-3 0.00 33,000,000.00 171,600.00 0.00
A-4 0.00 27,000,000.00 143,775.00 0.00
A-5 0.00 19,267,000.00 109,741.62 0.00
A-6 0.00 18,000,000.00 96,750.00 0.00
A-7 0.00 51,140,699.89 2,224,483.80 0.00
A-8 0.00 20,000,000.00 100,000.00 0.00
X-IO 0.00 0.00 0.00 0.00
OC 0.00 5,174,700.96 0.00 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
MBIA 0.00 0.00 30,653.00 0.00
Totals 0.00 246,021,103.77 5,655,125.86 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A-1 65,000,000.00 54,838,683.01 0.00 2,399,980.10 0.00 0.00
A-2 20,000,000.00 20,000,000.00 0.00 0.00 0.00 0.00
A-3 33,000,000.00 33,000,000.00 0.00 0.00 0.00 0.00
A-4 27,000,000.00 27,000,000.00 0.00 0.00 0.00 0.00
A-5 19,267,000.00 19,267,000.00 0.00 0.00 0.00 0.00
A-6 18,000,000.00 18,000,000.00 0.00 0.00 0.00 0.00
A-7 58,863,000.00 53,122,425.29 0.00 1,981,725.39 0.00 0.00
A-8 20,000,000.00 20,000,000.00 0.00 0.00 0.00 0.00
X-IO 0.00 0.00 0.00 0.00 0.00 0.00
OC 14,482.41 4,271,462.58 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
MBIA 0.00 0.00 0.00 0.00 0.00 0.00
Totals 261,144,482.41 249,499,570.88 0.00 4,381,705.49 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A-1 2,399,980.10 52,438,702.92 0.80674928 2,399,980.10
A-2 0.00 20,000,000.00 1.00000000 0.00
A-3 0.00 33,000,000.00 1.00000000 0.00
A-4 0.00 27,000,000.00 1.00000000 0.00
A-5 0.00 19,267,000.00 1.00000000 0.00
A-6 0.00 18,000,000.00 1.00000000 0.00
A-7 1,981,725.39 51,140,699.89 0.86880893 1,981,725.39
A-8 0.00 20,000,000.00 1.00000000 0.00
X-IO 0.00 0.00 0.00000000 0.00
OC 0.00 5,174,700.96 357.30938152 0.00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
MBIA 0.00 0.00 0.00000000 0.00
Totals 4,381,705.49 246,021,103.77 0.94208808 4,381,705.49
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A-1 65,000,000.00 843.67204631 0.00000000 36.92277077 0.00000000
A-2 20,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 33,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 27,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 19,267,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 18,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-7 58,863,000.00 902.47566876 0.00000000 33.66674125 0.00000000
A-8 20,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
X-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
OC 14,482.41 294941.42066134 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
MBIA 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 36.92277077 806.74927569 0.80674928 36.92277077
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-7 0.00000000 33.66674125 868.80892734 0.86880893 33.66674125
A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
X-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00000000 0.00000000 357,309.38151868 357.30938152 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
MBIA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 65,000,000.00 6.07000% 54,838,683.01 277,392.34 0.00 0.00
A-2 20,000,000.00 6.04500% 20,000,000.00 100,750.00 0.00 0.00
A-3 33,000,000.00 6.24000% 33,000,000.00 171,600.00 0.00 0.00
A-4 27,000,000.00 6.39000% 27,000,000.00 143,775.00 0.00 0.00
A-5 19,267,000.00 6.83500% 19,267,000.00 109,741.62 0.00 0.00
A-6 18,000,000.00 6.45000% 18,000,000.00 96,750.00 0.00 0.00
A-7 58,863,000.00 5.48375% 53,122,425.29 242,758.42 0.00 0.00
A-8 20,000,000.00 6.00000% 20,000,000.00 100,000.00 0.00 0.00
X-IO 0.00 0.00000% 0.00 0.00 0.00 0.00
OC 14,482.41 0.00000% 4,271,462.58 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
R-2 0.00 0.00000% 0.00 0.00 0.00 0.00
MBIA 0.00 1,200.00000% 0.00 30,653.00 0.00 0.00
Totals 261,144,482.41 1,273,420.38 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00 0.00 277,392.34 0.00 52,438,702.92
A-2 0.00 0.00 100,750.00 0.00 20,000,000.00
A-3 0.00 0.00 171,600.00 0.00 33,000,000.00
A-4 0.00 0.00 143,775.00 0.00 27,000,000.00
A-5 0.00 0.00 109,741.62 0.00 19,267,000.00
A-6 0.00 0.00 96,750.00 0.00 18,000,000.00
A-7 0.00 0.00 242,758.41 0.00 51,140,699.89
A-8 0.00 0.00 100,000.00 0.00 20,000,000.00
X-IO 0.00 0.00 0.00 0.00 0.00
OC 0.00 0.00 0.00 0.00 5,174,700.96
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
MBIA 0.00 0.00 30,653.00 0.00 0.00
Totals 0.00 0.00 1,273,420.37 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 65,000,000.00 6.07000% 843.67204631 4.26757446 0.00000000 0.00000000
A-2 20,000,000.00 6.04500% 1000.00000000 5.03750000 0.00000000 0.00000000
A-3 33,000,000.00 6.24000% 1000.00000000 5.20000000 0.00000000 0.00000000
A-4 27,000,000.00 6.39000% 1000.00000000 5.32500000 0.00000000 0.00000000
A-5 19,267,000.00 6.83500% 1000.00000000 5.69583329 0.00000000 0.00000000
A-6 18,000,000.00 6.45000% 1000.00000000 5.37500000 0.00000000 0.00000000
A-7 58,863,000.00 5.48375% 902.47566876 4.12412585 0.00000000 0.00000000
A-8 20,000,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
X-IO 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
OC 14,482.41 0.00000% 294941.42066134 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
MBIA 0.00 1,200.00000% 0.00000000 939.09500322 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 0.00000000 4.26757446 0.00000000 806.74927569
A-2 0.00000000 0.00000000 5.03750000 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.20000000 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.32500000 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 5.69583329 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 5.37500000 0.00000000 1000.00000000
A-7 0.00000000 0.00000000 4.12412568 0.00000000 868.80892734
A-8 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
X-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 357309.38151868
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
MBIA 0.00000000 0.00000000 939.09500322 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,702,206.85
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 81,269.07
Realized Losses (23,426.08)
Total Deposits 5,760,049.84
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 104,923.98
Payment of Interest and Principal 5,655,125.86
Total Withdrawals (Pool Distribution Amount) 5,760,049.84
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 103,884.42
Pool Insurance Fee 0.00
Trustee Fee - Norwest Bank 1,039.56
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 104,923.98
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Financial Guaranty 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 54 2,859,836.94 1.547278% 1.162436%
60 Days 33 2,546,448.33 0.945559% 1.035053%
90+ Days 6 508,880.45 0.171920% 0.206844%
Foreclosure 44 2,685,012.64 1.260745% 1.091375%
REO 3 116,161.73 0.085960% 0.047216%
Totals 140 8,716,340.09 4.011461% 3.542924%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 23,426.08
Principal Balance of Contaminated Properties 0.00
Periodic Advance 81,269.07
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed Mixed & 6 Month LIBOR
Weighted Average Gross Coupon 11.086234%
Weighted Average Net Coupon 10.586589%
Weighted Average Pass-Through Rate 10.581589%
Weighted Average Maturity(Stepdown Calculation ) 352
Begin Scheduled Collateral Loan Count 3,531
Number Of Loans Paid In Full 41
End Scheduled Collateral Loan Count 3,490
Begining Scheduled Collateral Balance 249,499,570.88
Ending Scheduled Collateral Balance 246,021,103.77
Ending Actual Collateral Balance at 31-Jul-1999 246,021,103.77
Monthly P &I Constant 2,494,374.13
Ending Scheduled Balance for Premium Loans 246,021,103.77
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Largest Loan Balance - Group 1 $747,036.63
Largest Loan Balance - Group 2 $476,430.71
Number and Balance of Balloon Loans - 4 loans: bal. 207,843.53
Group 1
Number and Balance of Balloon Loans - 0 loans: bal. 0.00
Group 2
Annual Loss Percentage - Group 1 0.01285%
Annual Loss Percentage - Group 2 0.00%
90+ Delinquency Percentage - Group 1 0.297148%
90+ Delinquency Percentage - Group 2 0.603019%
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 11.096288 11.062638
Weighted Average Net Rate 10.591794 10.557638
Weighted Average Maturity 314.00 352.00
Beginning Loan Count 2,779 752 3,531
Loans Paid In Full 27 14 41
Ending Loan Count 2,752 738 3,490
Beginning Scheduled Balance 174,950,471.29 74,549,099.59 249,499,570.88
Ending scheduled Balance 173,149,742.66 72,871,361.11 246,021,103.77
Record Date 7/31/99 7/31/99
Principal And Interest Constant 1,779,684.68 714,689.45 2,494,374.13
Scheduled Principal 161,933.93 27,431.36 189,365.29
Unscheduled Principal 1,638,794.70 1,650,307.12 3,289,101.82
Scheduled Interest 1,617,750.75 687,258.09 2,305,008.84
Servicing Fees 72,822.30 31,062.12 103,103.84
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 728.95 310.61 1,039.56
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 1,544,199.50 655,885.36 2,200,084.86
Realized Loss Amount 23,426.08 0.00 23,426.08
Cumulative Realized Loss 23,426.08 0.00 23,426.08
Percentage of Cumulative Losses 0.00 0.00 0.00
1 2
Group ID 3,444,039.74 1,730,661.22 5,174,700.96
Subordinate Amount 0.00 0.00 0.00
Subordinate Reduction Amount 3,827,891.84 3,430,580.46 7,257,472.30
Required Subordinate Amount 622,677.54 303,986.91 926,664.45
Subordinate Increase Amount 622,677.54 303,986.91 926,664.45
Extra Principal Distribution Amount 622,677.54 303,986.91 926,664.45
Excess Cash Amount
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
<S> <C> <C> <C> <C> <C> <C>
Group
30 Days 60 Days 90 + Days Foreclosure REO Bankruptcy
1 Principal Balance 2,391,321.42 970,107.91 432,118.67 1,731,695.47 116,161.73 1,438,859.85
Percentage Of Balance 1.381% 0.560% 0.250% 1.000% 0.067% 0.831%
Loan Count 49 20 5 31 3 17
Percentage Of Loans 1.781% 0.727% 0.182% 1.126% 0.109% 0.618%
2 Principal Balance 468,515.52 1,576,340.42 76,761.78 953,317.17 0.00 632,631.76
Percentage Of Balance 0.643% 2.163% 0.105% 1.308% 0.000% 0.868%
Loan Count 5 13 1 13 0 7
Percentage Of Loans 0.678% 1.762% 0.136% 1.762% 0.000% 0.949%
Totals
Principal Balance 2,859,836.94 2,546,448.33 508,880.45 2,685,012.64 116,161.73 2,071,491.61
Percentage Of Balance 1.162% 1.035% 0.207% 1.091% 0.047% 0.842%
Loan Count 54 33 6 44 3 24
Percentage Of Loans 1.547% 0.946% 0.172% 1.261% 0.086% 0.688%
</TABLE>