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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 Quarterly Payment Date on February 15, 2000
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Crusade Management Limited,
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as manager of the Crusade Global Trust No. 1 of 1999
(Exact name of Registrant as specified in its Charter)
Level 11, 55 Market Street, Sydney, NSW 2000, Australia
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(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-__________________.
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1
<PAGE>
Other Events
On the Quarterly Payment Date falling on February 15, 2000, AXA
Trustee Limited, in its capacity as issuer trustee (the "Issuer Trustee")
made a regular quarterly distribution of principal and interest to the
holders of the Class A Mortgage-Backed Floating Rate Notes (the "Notes").
Financial Statements and Exhibits
(c) Exhibits
See page 4 for Exhibit Index
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<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 Crusade Global Trust No. 1 of 1999, by the
undersigned, thereunto duly authorized.
Crusade Management Limited,
as Trust Manager for the Crusade
Global Trust No. 1 of 1999, (Registrant)
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Dated: March 7, 2000 By: /s/ Roger Des Marchelier
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Name: Roger Des Marchelier
Title: Executive Manager Securitisation
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<PAGE>
Exhibit Index
Exhibit Description
- ------- -----------
99.1 The Noteholders Report for the Quarterly Payment
Date on February 15, 2000
4
<TABLE>
<CAPTION>
NOTEHOLDERS REPORT
CRUSADE GLOBAL TRUST No. 1 of 1999
Quarterly Collection Period Ending January 31, 2000
Bond Information in US$
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<S> <C> <C> <C> <C> <C> <C>
FV Outstanding Bond Factor Interest Interest Principal Charge
effective 2/15/00 effective 2/15/00 Rate Payments Distributions Offs
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Class A1 $179,247,921.46 59.749307% 6.32000% $4,175,514.45 $79,280,078.54 $0.00
Notes
Class A2 $569,000,000.00 100.000000% 6.40000% $9,306,311.1 $0.00 $0.00
Notes
Class A3 $125,000,000.00 100.000000% 6.49000% $2,073,194.44 $0.00 $0.00
Notes
</TABLE>
Principal Collections Information in AUD
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Scheduled Principal Payments: $12,253,654.54
Unscheduled Principal Payments: $118,564,459.92
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Gross Principal Collections: $130,818,114.46
Redraws: $8,472,314.25
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Principal Collections: $122,345,800.21
Principal Charge Offs: $0.00
Principal Draw: $0.00
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Available Principal: $122,345,800.21
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Principal Distributed: $122,345,800.21
Principal Retained: $0.00
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Available Income in AUD
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Total Available Income: $25,162,272.10
Exh-1
<PAGE>
Redraw/Liquidity Utilization
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Redraw Shortfall: $0.00
Redraw Carryover Charge Offs: $0.00
Liquidity Draw: $0.00
Liquidity Shortfall: $0.00
Principal Draw: $0.00
Arrears Information
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% of pool (by number)
1 - 30 days: 0.40%
31 - 60 days: 0.08%
61+ days: 0.06%
Defaults: Nil
Losses: Nil
Payment Information
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Nov-99 Dec-99 Jan-00
1 mth CPR: 27.63% 29.70% 20.94%
Pool Information in AUD
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Outstanding Principal of Fixed Rate
Housing Loans: $345,001,054.80
Outstanding Principal of the
Variable Rate Housing Loans: $1,013,062,751.13
Number of Loans: 14,403
Weighted Average Current LVR: 62.8
Average Loan Size: $94,177
Weighted Average Seasoning: 25.09 mths
Average Term to Maturity: 253 mths
Exh-2
