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Previous: BROOKMOUNT EXPLORATIONS INC, 10SB12G, EX-27, 2000-12-27 |
Next: OMI TRUST 2000-C, 8-K, 2000-12-27 |
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 November 30, 2000
Securitisation Advisory Services Pty Limited, as manager of the
Series 2000-2G 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 September 14, 2000 Perpetual Trustee Company Limited, in its capacity as
Issuer Trustee (the Issuer Trustee) of the Series 2000-2G Medallion Trust (the
Trust), publicly issued US$1,060,200,000 of Class A-1 Mortgage Backed Floating
Rate Notes due December 18, 2031 (the Notes) pursuant to a registration
statement (No. 333- 44600 ) declared effective on August 30, 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$1,590,300 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
$1,058,609,700 to acquire equitable title to the housing loans and related
mortgages included in the assets of the Trust from Commonwealth Bank of
Australia and for general expenses relating to the Trust, including any premiums
payable to any of the swap providers for the Trust.
On December 18, 2000, the Distribution Date, the Trust made a regular quarterly
distribution of principal and interest to the holders of the Class A-1 Notes
issued by the Trust.
-2-
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf, as Manager
for the Series 2000-2G Medallion Trust, by the undersigned, thereunto duly
authorised.
Securitisation Advisory Services Pty Limited,
As Manager for the Series 2000-2G Medallion Trust,
--------------------------------------------------
(Registrant)
Dated: 20 December 2000 By:
------------------------------------
Name: Tim See
Title: Authorised Officer
-3-
<PAGE>
EXHIBIT INDEX
Exhibit Description
------- --------------------------------------------------------------
99.1 The Quarterly Servicing Report for the Distribution Date on
December 18, 2000.
99.2 Required Collateral Information
-4-
<PAGE>
<PAGE>
Exhibit 99.1
-------------
THE QUARTERLY SERVICING REPORT FOR THE DISTRIBUTION DATE ON
DECEMBER 18, 2000
SERIES 2000-2G MEDALLION TRUST QUARTERLY SERVICERS CERTIFICATE
Quarterly Summary Distribution Details
REPORTING DATES
---------------
Closing Date 14-Sep-00
Determination Date 01-Dec-00
Notice Date 15-Dec-00
Distribution Date 18-Dec-00
Start Accrual Period 14-Sep-00
End Accrual Period 18-Dec-00
No. Of Days in Accrual Period 95
Start Collection Period 14-Sep-00
End Collection Period 30-Nov-00
No. Of Days in Collection Period 78
--------------------------------------------------------------------------------
SECURITIES ON ISSUE
------------------- No. of InitialInvested Initial Invested
Certificates Amount(US$) Amount (A$)
------------ -------------- ----------------
Class A-1 Notes 10,602 1,060,200,000 1,884,800,000
Class A-2 Notes 4,000 n/a 400,000,000
Class B Notes 270 n/a 27,000,000
Redraw Bond - series 1 0 n/a -
Redraw Bond - series 2 0 n/a -
US$/A$ exchange rate at issue 0.5625
--------------------------------------------------------------------------------
INTEREST RATE FOR ACCRUAL PERIOD
-------------------------------- Bank Interest Interest
Bill Rate Margin Rate
--------- -------- ---------
Class A-1 Notes (payable to Currency
Swap Provider) 6.5125% 0.3724% 6.8849%
Class A-2 Notes 6.5125% 0.3700% 6.8825%
Class B Notes 6.5125% 0.5700% 7.0825%
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 6.5125%
Facilities BBSW 6.5125%
--------------------------------------------------------------------------------
DISTRIBUTIONS PAYABLE ON DISTRIBUTION DATE
------------------------------------------- Per Cert. Aggregate
--------- ---------
Total Interest Amount:
Class A-1 Notes 3,185.70 33,774,791.40
Class A-2 Notes 1,791.33 7,165,320.00
Class B Notes 1,843.39 497,715.30
Redraw Bond - series 1 - -
Redraw Bond - series 2 - -
Principal:
Class A-1 Notes 9,335.55 98,975,560.00
Class A-2 Notes 5,251.25 21,005,000.00
Class B Notes 627.43 169,406.10
Redraw Bond - series 1 - -
Redraw Bond - series 2 - -
Total:
Class A-1 Notes 12,521.25 132,750,351.40
Class A-2 Notes 7,042.58 28,170,320.00
Class B Notes 2,470.82 667,121.40
Redraw Bond - series 1 - -
Redraw Bond - series 2 - -
Total 22,034.65 161,587,792.80
-------------------------------------------------------------------------------
POOL FACTORS
------------ Last Current
Distribution Distribution
Date Date
------------ ------------
Class A-1 Notes 1.00000000 0.94748750
Class A-2 Notes 1.00000000 0.94748750
Class B Notes 1.00000000 0.99372570
Redraw Bond - series 1 - -
Redraw Bond - series 2 - -
--------------------------------------------------------------------------------
Page 1 of 6
<PAGE>
<TABLE>
<CAPTION>
Quarterly Cashflow Working Sheet
Per Certificate Aggregate
$ $
--------------- -------------
<S> <C> <C> <C>
Finance Charge Collections 39,138,262.80
Finance Charge Collections - Repurchases 9,634.64
Finance Charge Damages -
Income due to Seller (14,578,554.34)
Other Income 1,407,129.25
Preliminary Income Amount 25,976,472.35
Required Income Amount 41,558,158.70
Income Shortfall 15,581,686.35
Liquidity Facility Draw 15,581,686.35
Principal Chargeoff Unreimbursement -
Principal Chargeoff -
Total Principal Chargeoff Reimbursement Due -
Payment Allocation Cascade
Preliminary Income Amount 25,976,472.35
Liquidity Facility Draw 15,581,686.35
Available Income Amount 41,558,158.70
Due Available Paid
------------- ------------- -------------
Interest Amount Payable - Redraw Facility - 41,437,826.70 -
- Class A-1 Notes 33,774,791.44 1,437,826.70 33,774,791.40
- Class A-2 Notes 7,165,320.00 7,663,035.30 7,165,320.00
- Redraw Bonds - series 1 - 497,715.30 -
- Redraw Bonds - series 2 - 497,715.30 -
- Class B Notes 497,715.30 497,715.30 497,715.30
Total Principal Chargeoff Reimbursement - - -
Excess Distribution -
Unpaid Facility Int Chg - Liquidity -
- Redraw -
Unpaid Security Interest Amount - Class A-1 Notes -
- Class A-2 Notes -
- Class B Notes 0.00
- Redraw Bonds - series 1 -
- Redraw Bonds - series 2 -
</TABLE>
Page 2 of 6
<PAGE>
<TABLE>
<CAPTION>
Facilities Outstanding
----------------------
<S> <C> <C>
Liquidity Commitment Facility Limit 58,000,000.00
Beginning Liquidity Commitment Facility 58,000,000.00
Previous Liquidity Facility Draw -
Repayment of Liquidity Facility -
Liquidity Facility Draw 15,581,686.35
Ending Liquidity Commitment Facility 42,418,313.65
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 3,185.70 33,774,791.40
Total Interest Amount 33,774,791.40
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount -
Security Interest Amount 33,774,791.40
Interest Amount Payable 3,185.70 33,774,791.40
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 1,791.33 7,165,320.00
Total Interest Amount 7,165,320.00
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount -
Security Interest Amount 7,165,320.00
Interest Amount Payable 1,791.33 7,165,320.00
Unpaid Security Interest Amount -
CLASS B NOTES
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount - -
Security Interest Amount 1,843.39 497,715.30
Total Interest Amount 497,715.30
Unpaid Security Interest Amount (after last Distribution Date) -
Interest on Unpaid Security Interest Amount -
Security Interest Amount 497,715.30
Interest Amount Payable 1,843.38 497,715.30
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 -
</TABLE>
Page 3 of 6
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL AMOUNT
<S> <C> <C>
Principal Collections 132,623,335.27
Principal Collections - Repurchases 816,823.87
less Repayment Of Redraw Facility -
less Total Customer Redraw (13,430,914.18)
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 140,723.14
Scheduled Principal Amount 14,504,113.96
Scheduled Principal Amount less redraws 14,504,113.96
Unscheduled Principal Amount - Partial Prepayment 85,988,652.06
Unscheduled Principal Amount - Full Prepayment 32,947,393.12
Unscheduled Principal Amount - less redraws + C/O Reim 105,505,131.00
Total Available Principal Amount for Redraw Bonds 120,149,968.10
Principal Distribution - Redraw Bonds - Series 1 - -
Principal Distribution - Redraw Bonds - Series 2 - -
Principal rounding b/f 140,723.14
Total Unscheduled Principal Amount 105,505,131.00
Total Scheduled Principal Amount 14,504,113.96
Total Available Principal Amount for Notes 120,149,968.10
PRINCIPAL ALLOCATION
Class A Percentage via Stepdown 100%
Class A Available Principal Payment
Class A-1 Principal Payment 9,335.55 98,975,560.00
Class A-2 Principal Payment 5,251.25 21,005,000.00
Class B Principal Payment 627.43 169,406.10
Principal rounding c/f 2.00
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 -
</TABLE>
Page 4 of 6
<PAGE>
<TABLE>
<CAPTION>
Investors Balance Outstanding Worksheet
---------------------------------------
Aggregate Aggregate
US$ A$
---------------- ----------------
<S> <C> <C>
CLASS A-1 NOTES
Initial Invested Amount 1,060,200,000.00 1,884,800,000.00
previous Principal Distribution - -
Principal Distribution for current period 55,673,752.50 98,975,560.00
Total Principal Distribution to date 55,673,752.50 98,975,560.00
Beginning Invested Amount 1,060,200,000.00 1,884,800,000.00
Ending Invested Amount 1,004,526,247.50 1,785,824,440.00
Unreimbursed Principal Chargeoffs - -
Beginning Stated Amount 1,060,200,000.00 1,884,800,000.00
Ending Stated Amount 1,004,526,247.50 1,785,824,440.00
CLASS A-2 NOTES
Initial Invested Amount 400,000,000.00
previous Principal Distribution -
Principal Distribution for current period 21,005,000.00
Total Principal Distribution to date 21,005,000.00
Beginning Invested Amount 400,000,000.00
Ending Invested Amount 378,995,000.00
Unreimbursed Principal Chargeoffs -
Beginning Stated Amount 400,000,000.00
Ending Stated Amount 378,995,000.00
CLASS B NOTES
Initial Invested Amount 27,000,000.00
previous Principal Distribution -
Principal Distribution for current period 169,406.10
Total Principal Distribution to date 169,406.10
Beginning Invested Amount 27,000,000.00
Ending Invested Amount 26,830,593.90
Unreimbursed Principal Chargeoffs -
Beginning Stated Amount 27,000,000.00
Ending Stated Amount 26,830,593.90
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 -
</TABLE>
Page 5 of 6
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
AVERAGE MONTHLY PERCENTAGE
Current Balance of Arrears greater than 60 Days -
Current Outstanding Loan Balance 2,311,659,276.86
Average Monthly Percentage -
Monthly Percentage - Current Period -
Monthly Percentage Month 2 0
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 5,712,000.00
Year < 5, 2% Avg Mo. Perc, Unreim C/O Maximum 8,100,000.00
Year < 5, 4% Avg Mo. Perc, Unreim C/O Maximum 2,700,000.00
5 <= Year < 6, Unreim C/O Maximum 8,100,000.00
6 <= Year < 7, Unreim C/O Maximum 9,450,000.00
7 <= Year < 8, Unreim C/O Maximum 10,800,000.00
8 <= Year < 9, Unreim C/O Maximum 12,150,000.00
9 <= Year, Unreim C/O Maximum 13,500,000.00
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 December 18, 2007
Stepup margin - Class A-1 Notes 0.57240%
- Class A-2 Notes 0.7000%
</TABLE>
Page 6 of 6
<PAGE>
EXHIBIT 99.2
Form 6-K Required Collateral information
Series 2000-2G Medallion Trust
Series 2000-2G Medallion Trust Data as at opening of business
on the preceding determination date of December 1, 2000
--------------------------------------------------------------------------------
Outstanding Mortgage Balance (AUD)
Amount WAC
-------------- ------
- Variable Rate Housing Loans $1,689,421,611 7.45%
- Fixed 1 Year $52,616,430 6.93%
- Fixed 2 Year $247,783,765 7.06%
- Fixed 3 Year $90,263,960 7.17%
- Fixed 4 Year $105,065,466 7.45%
- Fixed 5 Year $9,804,901 7.86%
Total Pool $2,194,956,133 7.39%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
AUD amount
Delinquency Information No of Loans %of Pool of Loans % of Pool
----------------------- ----------- -------- ------------- ---------
31-60 days 46 0.23% $5,649,608.73 0.26%
61-90 days 6 0.03% $498,990.42 0.02%
90+ days 1 0.00% $98,109.67 0.00%
Mortgagee In Possession 0 0.00% $0.00 0.00%
--------------------------------------------------------------------------------
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