<TABLE>
<CAPTION>
NOTEHOLDERS REPORT
CRUSADE GLOBAL TRUST No. 1 of 1999
Quarterly Payment Date falling on November 15, 2000
Bond Information in US$
-----------------------
Interest Interest Principal Charge
FV Outstanding Bond Factor Rate Payments Distributions Offs
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Class A1 $0.00 0.000000% 6.93000% $924,466.27 $52,200,241.15 $0.00
Notes
Class A2 $567,032,647.74 99.654244% 7.01000% $10,193,318.89 $1,967,352.26 $0.00
Notes
Class A3 $125,000,000.00 100.000000% 7.10000% $2,268,055.56 $0.00 $0.00
Notes
</TABLE>
Principal Collections Information in AUD
----------------------------------------
Scheduled Principal Payments: $9,275,126.10
Unscheduled Principal Payments: $80,011,159.10
Redraws: ($5,815,567.84)
-------------------
Principal Collections: $83,591,965.15
Principal Charge Offs: $0.00
Principal Draw: $0.00
-------------------
Available Principal: $83,591,965.15
-------------------
Principal Distributed: $83,591,965.15
Principal Retained: $0.00
-------------------
Total Available Funds in AUD
----------------------------
Available Income: $24,072,461.59
Principal Draw: $0.00
Liquidity Draw: $0.00
--------------------
Total Available Funds: $24,072,461.59
Exh-1
<PAGE>
Redraw/Liquidity Utilization
----------------------------
Redraw Shortfall: $0.00
Redraw Carryover Charge Offs: $0.00
Liquidity Draw: $0.00
Liquidity Shortfall: $0.00
Arrears Information
-------------------
% of pool (by number)
31 - 59 days: 0.59%
60 - 89 days: 0.14%
90+ days: 0.10%
Defaults: 3
Losses: Nil
Payment Information (CPR)
-------------------------
Oct-00 Sep-00 Aug-00
1 mth CPR: 20.46% 23.14% 26.26%
Pool Information in AUD
-----------------------
Outstanding Principal of Fixed Rate Housing Loans: $276,241,347.73
Outstanding Principal of the Variable Rate Housing Loans: $801,118,490.29
Number of Loans: 11,897
Weighted Average Current LVR: 57.34%
Average Loan Size: $90,557
Weighted Average Seasoning: 42.17 mths
Average Term to Maturity: 245 mths
Exh-2
