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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 Collection Period ending June 30, 2000
Securitisation Advisory Services Pty Limited,
as manager of the Series 2000-1G Medallion Trust
------------------------------------------------
(Translation of registrant's name into English)
Level 8, 48 Martin Place, Sydney, NSW 2000 Australia
-------------------------------------------------------
(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-_____________________
<PAGE>
Other Events
On March 27, 2000 Perpetual Trustee Company Limited, in its capacity as Issuer
Trustee (the Issuer Trustee) of the Series 2000-1G Medallion Trust (the Trust),
publicly issued US$955,000,000 of Class A-1 Mortgage Backed Floating Rate Notes
due July 12, 2031 (the Notes) pursuant to a registration statement (No.
333-93721) declared effective on March 17, 2000. Securitisation Advisory
Services Pty Limited was the manager for the issuance of the Notes.
Securitisation Advisory Services Pty Limited granted the underwriters a discount
of US$1,432,500 in connection with the sale of the Notes. The Issuer Trustee
used the net proceeds from the sale of the Notes, which amounted to US
$953,567,500 to acquire equitable title to the housing loans and related
mortgages included in the assets of the Trust from Commonwealth Bank of
Australia and for general expenses relating to the Trust, including any premiums
payable to any of the swap providers for the Trust.
On July 12, 2000, the Distribution Date, the Trust made a regular quarterly
distribution of principal and interest to the holders of the Class A-1 Notes
issued by the Trust.
<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 Manager
for the Series 2000-1G Medallion Trust, by the undersigned, thereunto duly
authorised.
Securitisation Advisory Services Pty Limited,
As Manager for the Series 2000-1G Medallion Trust,
--------------------------------------------------
(Registrant)
Dated: 26th July 2000 By: /s/ Leanne Leong
---------------------------------
Name: Leanne Leong
-------------------------------
Title: Authorised Officer
------------------------------
<PAGE>
EXHIBIT INDEX
--------------------------------------------------------------------------------
Exhibit Description
--------------------------------------------------------------------------------
99.1 The Quarterly Servicing Report for the Distribution Date
on July 12, 2000.
<PAGE>
EXHIBIT 99.1
SERIES 2000-1G MEDALLION TRUST QUARTERLY SERVICERS CERTIFICATE
Quarterly Summary Distribution Details
--------------------------------------
--------------------------------------------------------------------------------
Reporting Dates
---------------
Closing Date 27-Mar-00
Determination Date 01-Jul-00
Notice Date 11-Jul-00
Distribution Date 12-Jul-00
Start Accrual Period 27-Mar-00
End Accrual Period 12-Jul-00
No. Of Days in Accrual Period 107
Start Collection Period 27-Mar-00
End Collection Period 30-Jun-00
No. Of Days in Collection Period 96
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Securities on Issue
------------------- No. of Initial Invested Initial Invested
Certificates Amount (US$) Amount (A$)
------------ ---------------- ----------------
Class A-1 Notes 9,550 955,000,000.00 1,577,208,918
Class A-2 Notes 1,500 n/a 150,000,000
Class B Notes 150 n/a 15,000,000
Redraw Bond - series 1 0 n/a -
Redraw Bond - series 2 0 n/a -
US$/A$ exchange rate at issue 0.6055
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------
Interest Rate for Accrual Period
-------------------------------- Bank Interest Interest
Bill Rate Margin Rate
--------- -------- ---------
<S> <C> <C> <C>
Class A-1 Notes (payable to Currency Swap Provider) 6.0492% 0.38191% 6.43111%
Class A-2 Notes 6.0492% 0.3900% 6.4392%
Class B Notes 6.0492% 0.7000% 6.7492%
Redraw Bond - series 1 0.0000% 0.0000% 0.0000%
Redraw Bond - series 2 0.0000% 0.0000% 0.0000%
BBSW Interest & Unpaid Interest Rate for Accrual Period 6.0492%
Facilities BBSW 6.0492%
-------------------------------------------------------------------------------------------------
</TABLE>
--------------------------------------------------------------------------------
Distributions Payable On Distribution Date
------------------------------------------ Per Cert. Aggregate
--------- --------------
Total Interest Amount:
Class A-1 Notes 3,113.60 29,734,832.25
Class A-2 Notes 1,887.65 2,831,475.00
Class B Notes 1,978.53 296,779.50
Redraw Bond - series 1 - -
Redraw Bond - series 2 - -
Principal:
Class A-1 Notes 11,276.71 107,692,613.54
Class A-2 Notes 6,828.05 10,242,075.00
Class B Notes 536.21 80,431.50
Redraw Bond - series 1 - -
Redraw Bond - series 2 - -
Total:
Class A-1 Notes 14,390.31 137,427,445.79
Class A-2 Notes 8,715.70 13,073,550.00
Class B Notes 2,514.74 377,211.00
Redraw Bond - series 1 - -
Redraw Bond - series 2 - -
Total 25,620.75 150,878,206.79
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Pool Factors
------------ Last Current
Distribution Distribution
Date Date
------------ ------------
Class A-1 Notes 1.00000000 0.93171950
Class A-2 Notes 1.00000000 0.93171950
Class B Notes 1.00000000 0.99463790
Redraw Bond - series 1 - -
Redraw Bond - series 2 - -
--------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
Quarterly Cashflow Working Sheet
--------------------------------
Per Certificate Aggregate
$ $
--------------- ---------------
<S> <C> <C> <C>
Finance Charge Collections 31,911,402.50
Finance Charge Collections - Repurchases 7,760.61
Finance Charge Damages -
Income due to Seller (7,234,474.37)
Other Income 1,385,228.13
PRELIMINARY INCOME AMOUNT 26,069,916.87
Taxes 86,631.25
Trustee Fee 55,000.00
Security Trustee Fee -
Manager Fee 153,217.90
Servicing Fee 1,276,815.82
Liquidity Commitment Fee 14,071.23
Redraw Commitment Fee 7,328.77
Support Facility Payments 682,962.20
Support Facility Receipts 685,885.23
Expenses 10,772.28
Previous Unpaid Facility Int Chg - Liquidity -
Liquidity Interest Charge + Previous Unpaid -
Previous Unpaid Facility Int Chg - Redraw Facility -
Redraw Interest Charge + Previous Unpaid -
Repayment of Liquidity Facility -
Total Interest Amount - Class A-1 Notes 29,734,832.25
- Class A-2 Notes 2,831,475.00
- Class B Notes 296,779.50
- Redraw Bonds - series 1 -
- Redraw Bonds - series 2 -
REQUIRED INCOME AMOUNT 34,464,000.97
Income Shortfall 8,394,084.10
Liquidity Facility Draw 8,394,084.10
Principal Chargeoff Unreimbursement -
Principal Chargeoff -
Total Principal Chargeoff Reimbursement Due -
PAYMENT ALLOCATION CASCADE
--------------------------
Preliminary Income Amount 26,069,916.87
Liquidity Facility Draw 8,394,084.10
Available Income Amount 34,464,000.97
Due Available Paid
Taxes 86,631.25 34,464,000.97 86,631.25
Trustee Fee 55,000.00 34,377,369.72 55,000.00
Security Trustee Fee - 34,322,369.72 -
Manager Fee 153,217.90 34,322,369.72 153,217.90
Servicing Fee 1,276,815.82 34,169,151.82 1,276,815.82
Liquidity Commitment Fee 14,071.23 32,892,336.00 14,071.23
Redraw Commitment Fee 7,328.77 32,878,264.77 7,328.77
Support Facility Payments 682,962.20 32,870,936.00 682,962.20
Support Facility Receipts 685,885.23 32,187,973.80 685,885.23
Expenses 10,772.28 32,873,859.03 10,772.28
Liquidity Interest Charge - 32,863,086.75 -
Repayment of Liquidity Facility - 32,863,086.75 -
|----------------------------------------------------|
| Interest Amount Payable - Redraw Facility | - 32,863,086.75 -
| - Class A-1 Notes | 29,734,832.25 32,863,086.75 29,734,832.25
| - Class A-2 Notes | 2,831,475.00 3,128,254.50 2,831,475.00
| - Redraw Bonds - series 1 | - 296,779.50 -
| - Redraw Bonds - series 2 | - 296,779.50 -
|----------------------------------------------------|
- Class B Notes 296,779.50 296,779.50 296,779.50
Total Principal Chargeoff Reimbursement - 0.00 -
EXCESS DISTRIBUTION 0.00
Unpaid Facility Int Chg - Liquidity -
- Redraw -
Unpaid Security Interest Amount - Class A-1 Notes -
- Class A-2 Notes -
- Class B Notes -
- Redraw Bonds - series 1 -
- Redraw Bonds - series 2 -
<PAGE>
Facilities Outstanding
----------------------
Liquidity Commitment Facility Limit 48,000,000.00
Beginning Liquidity Commitment Facility 48,000,000.00
Previous Liquidity Facility Draw -
Repayment of Liquidity Facility -
Liquidity Facility Draw 8,394,084.10
Ending Liquidity Commitment Facility 39,605,915.90
Redraw Commitment Facility Limit 50,000,000.00
Beginning Redraw Commitment Facility 50,000,000.00
Previous Redraw Facility Draw -
Previous Redraw Facility Draw - Chargeoffs -
Repayment of Redraw Facility -
Repayment of Unreimbursed Chargeoffs -
Redraw Facility Draw - Unreimbursed Chargeoffs -
Redraw Facility Available to Draw 50,000,000.00
Redraw Facility Draw -
Ending Redraw Commitment Facility 50,000,000.00
Interest and Principal Distribution Worksheet
---------------------------------------------
Per Certificate Aggregate
$ $
Interest Amount
---------------
CLASS A-1 NOTES
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount - -
Security Interest Amount 3,113.60 29,734,832.25
Total Interest Amount 29,734,832.25
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount -
Security Interest Amount 29,734,832.25
Interest Amount Payable 3,113.60 29,734,832.25
Unpaid Security Interest Amount -
CLASS A-2 NOTES
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount - -
Security Interest Amount 1,887.65 2,831,475.00
Total Interest Amount 2,831,475.00
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount -
Security Interest Amount 2,831,475.00
Interest Amount Payable 1,887.65 2,831,475.00
Unpaid Security Interest Amount -
CLASS B NOTES
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount - -
Security Interest Amount 1,978.53 296,779.50
Total Interest Amount 296,779.50
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount -
Security Interest Amount 296,779.50
Interest Amount Payable 1,978.53 296,779.50
Unpaid Security Interest Amount -
REDRAW BONDS - SERIES 1
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount - -
Security Interest Amount - -
Total Interest Amount -
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount -
Security Interest Amount -
Interest Amount Payable - -
Unpaid Security Interest Amount -
REDRAW BONDS - SERIES 2
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount - -
Security Interest Amount - -
Total Interest Amount -
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount -
Security Interest Amount -
Interest Amount Payable - -
Unpaid Security Interest Amount -
<PAGE>
PRINCIPAL AMOUNT
Principal Collections 131,864,621.44
Principal Collections - Repurchases 1,307,008.65
less Repayment Of Redraw Facility -
less Total Customer Redraw (15,168,146.43)
plus Redraw Facility Draw -
plus Redraw Bonds Issue this month -
Aggregate Principal Damages from Seller & Servicer -
Principal Chargeoff Reimbursement - Class B Notes -
- Class A-1 Notes -
- Class A-2 Notes -
- Redraw Bonds - Series 1 -
- Redraw Bonds - Series 2 -
- Redraw Facility -
Principal rounding b/f 11,637.29
Scheduled Principal Amount 9,331,980.12
Scheduled Principal Amount less redraws 9,331,980.12
Unscheduled Principal Amount - Partial Prepayment 83,695,536.49
Unscheduled Principal Amount - Full Prepayment 40,144,113.48
Unscheduled Principal Amount - less redraws + C/O Reim 108,671,503.54
Total Available Principal Amount for Redraw Bonds 118,015,120.95
Principal Distribution - Redraw Bonds - Series 1 - -
Principal Distribution - Redraw Bonds - Series 2 - -
Principal rounding b/f 11,637.29
Total Unscheduled Principal Amount 108,671,503.54
Total Scheduled Principal Amount 9,331,980.12
Total Available Principal Amount for Notes 118,015,120.95
PRINCIPAL ALLOCATION
Class A Percentage via Stepdown 100%
Class A Available Principal Payment
Class A-1 Principal Payment 11,276.71 107,692,613.54
Class A-2 Principal Payment 6,828.05 10,242,075.00
Class B Principal Payment 536.21 80,431.50
Principal rounding c/f 0.91
PRINCIPAL LOSSES
Principal Losses -
Principal Draw Amount - Pool Mortgage Insurance Policy -
Principal Draw Amount - Individual Mortgage Insurance Policy -
Net Principal Losses -
Principal Chargeoff - Class B Notes -
- Class A-1 Notes -
- Class A-2 Notes -
- Redraw Bonds Series 1 -
- Redraw Bonds Series 2 -
- Redraw Facility -
CLASS A-1 NOTES
Beginning Unreimbursed Principal Chargeoffs -
Principal Chargeoff -
Principal Chargeoff Reimbursement -
Ending Unreimbursed Principal Chargeoffs -
CLASS A-2 NOTES
Beginning Unreimbursed Principal Chargeoffs -
Principal Chargeoff -
Principal Chargeoff Reimbursement -
Ending Unreimbursed Principal Chargeoffs -
CLASS B NOTES
Beginning Unreimbursed Principal Chargeoffs -
Principal Chargeoff -
Principal Chargeoff Reimbursement -
Ending Unreimbursed Principal Chargeoffs -
REDRAW BONDS - SERIES 1
Beginning Unreimbursed Principal Chargeoffs -
Principal Chargeoff -
Principal Chargeoff Reimbursement -
Ending Unreimbursed Principal Chargeoffs -
REDRAW BONDS - SERIES 2
Beginning Unreimbursed Principal Chargeoffs -
Principal Chargeoff -
Principal Chargeoff Reimbursement -
Ending Unreimbursed Principal Chargeoffs -
REDRAW FACILITY
Beginning Unreimbursed Principal Chargeoffs -
Principal Chargeoff -
Principal Chargeoff Reimbursement -
Ending Unreimbursed Principal Chargeoffs -
<PAGE>
INVESTORS BALANCE OUTSTANDING WORKSHEET
---------------------------------------
Aggregate Aggregate
US$ A$
CLASS A-1 NOTES
Initial Invested Amount 955,000,000.00 1,577,208,918.25
previous Principal Distribution - -
Principal Distribution for current period 65,207,877.50 107,692,613.54
Total Principal Distribution to date 65,207,877.50 107,692,613.54
Beginning Invested Amount 955,000,000.00 1,577,208,918.25
Ending Invested Amount 889,792,122.50 1,469,516,304.71
Unreimbursed Principal Chargeoffs - -
Beginning Stated Amount 955,000,000.00 1,577,208,918.25
Ending Stated Amount 889,792,122.50 1,469,516,304.71
CLASS A-2 NOTES
Initial Invested Amount 150,000,000.00
previous Principal Distribution -
Principal Distribution for current period 10,242,075.00
Total Principal Distribution to date 10,242,075.00
Beginning Invested Amount 150,000,000.00
Ending Invested Amount 139,757,925.00
Unreimbursed Principal Chargeoffs -
Beginning Stated Amount 150,000,000.00
Ending Stated Amount 139,757,925.00
CLASS B NOTES
Initial Invested Amount 15,000,000.00
previous Principal Distribution -
Principal Distribution for current period 80,431.50
Total Principal Distribution to date 80,431.50
Beginning Invested Amount 15,000,000.00
Ending Invested Amount 14,919,568.50
Unreimbursed Principal Chargeoffs -
Beginning Stated Amount 15,000,000.00
Ending Stated Amount 14,919,568.50
REDRAW BONDS - SERIES 1
Previous Initial Invested Amount -
Initial Invested Amount -
Principal Distribution (after last Distribution Date) -
Principal Distribution for current period -
Total Principal Distribution to date -
Beginning Invested Amount -
Ending Invested Amount -
Unreimbursed Principal Chargeoffs -
Beginning Stated Amount -
Ending Stated Amount -
REDRAW BONDS - SERIES 2
Previous Initial Invested Amount -
Initial Invested Amount -
Principal Distribution (after last Distribution Date) -
Principal Distribution for current period -
Total Principal Distribution to date -
Beginning Invested Amount -
Ending Invested Amount -
Unreimbursed Principal Chargeoffs -
Beginning Stated Amount -
Ending Stated Amount -
<PAGE>
AVERAGE MONTHLY PERCENTAGE
Current Balance of Arrears greater than 60 Days 1,759,124.96
Current Outstanding Loan Balance 1,742,197,280.96
Average Monthly Percentage 0.00
Monthly Percentage - Current Period 0.00
Monthly Percentage Month 2 -
Monthly Percentage Month 3 -
Monthly Percentage Month 4 -
Monthly Percentage Month 5 -
Monthly Percentage Month 6 -
Monthly Percentage Month 7 -
Monthly Percentage Month 8 -
Monthly Percentage Month 9 -
Monthly Percentage Month 10 -
Monthly Percentage Month 11 -
Monthly Percentage Month 12 -
STEPDOWN CONDITIONS
Years since initial Determination Date 0.33
Required Subordinated Percentage -
Available Subordinated Percentage 0.01
Aggregate Unreimbursed Principal Chargeoffs -
Required Class B Stated Amount Outstanding 4,318,022.30
Year < 5, 2% Avg Mo. Perc, Unreim C/O Maximum 4,500,000.00
Year < 5, 4% Avg Mo. Perc, Unreim C/O Maximum 1,500,000.00
5 <= Year < 6, Unreim C/O Maximum 4,500,000.00
6 <= Year < 7, Unreim C/O Maximum 5,250,000.00
7 <= Year < 8, Unreim C/O Maximum 6,000,000.00
8 <= Year < 9, Unreim C/O Maximum 6,750,000.00
9 <= Year, Unreim C/O Maximum 7,500,000.00
Stepdown Condition less than 5 years TRUE
Stepdown Condtion greater than & equal to 5 years FALSE
Year >= 5, 2% Avg Mo. Perc, Unreim C/O Maximum TRUE
Year - Stepdown Condition Test
5 TRUE
6 TRUE
7 TRUE
8 TRUE
9 TRUE
Year - Stepdown Class A Criteria FALSE TRUE Class A Percentage
0 1 0.5 0.50
1 1 0.5 0.50
2 1 0.5 0.50
3 1 0 -
4 1 0 -
5 1 0.7 1.00
6 1 0.6 1.00
7 1 0.4 1.00
8 1 0.2 1.00
9 1 0 1.00
10 0 0 -
STEPUP CONDITIONS
-----------------
Step-up Date July 12, 2007
Stepup margin - Class A-1 Notes 0.61191%
- Class A-2 Notes 0.7800%
</TABLE>
<PAGE>
Form 6-K Required Collateral information
Series 2000-1G Medallion Trust
Series 2000-1G Medallion Trust Data as at opening of business on the preceding
determination date of July 1 2000
Outstanding Mortgage Balance (AUD)
----------------------------------
Amount WAC
-------------------------------------------
- Variable Rate Housing Loans $1,145,670,595.00 7.41%
- Fixed 1 Year $165,252,605.00 6.60%
- Fixed 2 Year $61,871,432.00 6.88%
- Fixed 3 Year $168,988,455.00 6.94%
- Fixed 4 Year $82,047,324.00 6.82%
- Fixed 5 Year $1,996,801.00 8.13%
-------------------------------------------
Total Pool $1,625,827,212.00 7.24%
<TABLE>
<CAPTION>
AUD amount
Delinquency Information No of Loans % of Pool of Loans % of Pool
---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
31-60 days 39 0.24% $4,430,647.11 0.27%
61-90 days 11 0.07% $1,552,608.37 0.10%
90+ days 2 0.01% $206,516.59 0.01%
Mortgagee In Possession 0 0.00% $0.00 0.00%
</TABLE>
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