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Australian

RMBS Performance WatchPart 1

As at June 30, 2009

Australian RMBS Performance Watch as at Jun. 30, 2009 Standard & Poor’s ii

Descriptions ................................................................iv Sponsor Classifications ...............................................vi Structured Finance Contacts .......................................vi Select Servicer Rankings ...........................................vii Commentary.............................................................. viii Market Overview ......................................................... x

PART 1 Prime ...............................................................1

Adelaide Bank Ltd...............................................................9 Series 2004-1 TORRENS Trust ................................................ 10 Series 2004-2(W) TORRENS Trust........................................... 11 Series 2005-1 TORRENS Trust ................................................ 12 Series 2005-2(S) TORRENS Trust............................................ 13 Series 2005-3E TORRENS Trust .............................................. 14 Series 2005-1 (AAA) TORRENS Trust...................................... 15 TORRENS Series 2006-1(E) Trust............................................ 16 TORRENS Series 2007-1 Trust ................................................ 17

AIMS Home Loans Pty. Ltd. .............................................18 AIMS 2004-1 Trust..................................................................... 19 AIMS 2005-1 Trust..................................................................... 20 AIMS 2007-1 Trust..................................................................... 21

AMP Bank Ltd....................................................................22 Progress 2003 E-1 Trust ........................................................... 23 Progress 2004 E-1 Trust ........................................................... 24 Progress 2004-2 Trust ............................................................... 26 Progress 2005-1 Trust ............................................................... 26 Progress 2005-2 Trust ............................................................... 27 Progress 2006-1 Trust ............................................................... 28 Progress 2007-1G Trust ............................................................ 29 Progress 2008-1R Trust ............................................................ 30 Progress 2009-1 Trust ............................................................... 31

Australia And New Zealand Banking Group Ltd ............32 Kingfisher Trust 2004-1G .......................................................... 33

Australian Central Credit Union Ltd ................................34 Light Trust No. 1 ........................................................................ 35

Australian Mortgage Securities Ltd.................................36 ARMS II Fund XV ...................................................................... 37 ARMS II Euro Fund VI ............................................................... 38 ARMS II Global Fund 2.............................................................. 39 ARMS II Global Fund 3.............................................................. 40

Bank of Queensland Ltd...................................................41 Series 2003-2 REDS Trust ........................................................ 42 Series 2004-1 REDS Trust ........................................................ 43 Series 2005-1 REDS Trust ........................................................ 44 Series 2005-2 REDS Trust ........................................................ 45 Series 2006-1E REDS Trust...................................................... 46 Series 2007-1E REDS Trust...................................................... 47 Series 2007-2 REDS Trust ........................................................ 48 Series 2009-1 REDS Trust ........................................................ 49

Bank of Western Australia Ltd. ........................................50

Series 2002-1E SWAN Trust ..................................................... 51 Series 2006-1E SWAN Trust ..................................................... 52 Series 2007-1E SWAN Trust ..................................................... 53

Bendigo and Adelaide Bank Ltd. .....................................54 TORRENS Series 2008-3 Trust................................................. 55 TORRENS Series 2008-2 (W) Trust .......................................... 56 TORRENS Series 2009-1 Trust................................................. 57

Calibre Financial Services Pty Ltd...................................58 Calibre Fund No. 1 ..................................................................... 59

Challenger Mortgage Management Pty Limited .............60 Interstar Millennium Series 2002-1G Trust ................................ 61 Interstar Millennium Series 2003-3G Trust ................................ 62 Interstar Millennium Series 2004-1E Trust................................. 63 Interstar Millennium Series 2004-2G Trust ................................ 64 Interstar Millennium Series 2004-4E Trust................................. 65 Interstar Millennium Series 2004-5 Trust ................................... 66 Interstar Millennium Series 2005-1G Trust ................................ 67 Interstar Millennium Series 2005-2L Trust ................................. 68 Interstar Millennium Series 2005-3E Trust................................. 69 Interstar Millennium Series 2006-1 Trust ................................... 70 Interstar Millennium Series 2006-2G Trust ................................ 71 Interstar Millennium Series 2006-3L Trust ................................. 72 Interstar Millennium Series 2006-4H Trust ................................ 73 Challenger Millennium Series 2007-1E Trust ............................ 74 Challenger Millennium Series 2007-2L Trust............................. 75 Challenger Millennium Series 2008-1 Trust............................... 76 Challenger Millennium Series 2008-2 Trust............................... 77 Challenger Millennium Series 2009-1 Trust............................... 78

Citigroup Pty Limited........................................................79 Compass Master Trust............................................................... 80 Securitised Australian Mortgage Trust 2003-1 .......................... 81 Securitised Australian Mortgage Trust 2003-2 .......................... 82 Securitised Australian Mortgage Trust 2006-1 .......................... 83 Securitised Australian Mortgage Trust 2007-1 .......................... 84 Securitised Australian Mortgage Trust 2008-1 .......................... 85 Securitised Australian Mortgage Trust 2008-2 .......................... 86

Columbus Capital Pty Limited. ........................................87 Nautilus Trust No. 1Series 2008-1............................................. 88

Commonwealth Bank Of Australia Ltd............................89 Medallion Trust Series 2003-1G ................................................ 90 Medallion Trust Series 2004-1G ................................................ 91 Medallion Trust Series 2005-1G ................................................ 92 Medallion Trust Series 2005-2G ................................................ 93 Medallion Trust Series 2006-1G ................................................ 94 Medallion Trust Series 2007-1G ................................................ 95

Connect Credit Union of Tasmania/ Queenslanders Credit Union............................................96

ConQuest 2007-1 Trust ............................................................. 97 Credit Union Australia Ltd................................................98

Series 2003-1 Harvey Trust ....................................................... 99 Series 2004-1 Harvey Trust ..................................................... 100 Series 2005-1 Harvey Trust ..................................................... 101 Series 2006-1 Harvey Trust ..................................................... 102 Series 2007-1 Harvey Trust ..................................................... 103 Series 2009-1 Harvey Trust ..................................................... 104

Table of Contents

Australian RMBS Performance Watch as at Jun. 30, 2009 Standard & Poor’s iii

First Permanent Securities Ltd. .....................................105

First Permanent Super Prime RMBS Trust 2006-1 ................. 106 FirstMac Limited..............................................................107

FirstMac Bond Series 2-2004 Trust......................................... 108 FirstMac Bond Series 1-2005 Trust......................................... 109 FirstMac Bond Series 2-2005 Trust......................................... 110 FirstMac Bond Series 3-2005 Trust......................................... 111 FirstMac Bond Series 1E-2006 Trust ...................................... 112 FirstMac Bond Series 1C-2006 Trust ...................................... 113 FirstMac Mortgage Funding Trust Series 1-2007.................... 114 FirstMac Mortgage Funding Trust Series 1E-2007 ................. 115 FirstMac Mortgage Funding Trust Series 1-2008.................... 116 FirstMac Mortgage Funding Trust Series 2-2008.................... 117 FirstMac Mortgage Funding Trust Series 1-2009.................... 118

Greater Building Society Ltd..........................................119 GBS Receivables Trust No. 2.................................................. 120 GBS Receivables Trust No. 3.................................................. 121

Heritage Building Society Ltd ........................................122 HBS Trust 2002-2 .................................................................... 123 HBS Trust 2003-1 .................................................................... 124 HBS Trust 2003-1E.................................................................. 125 HBS Trust 2004-1 .................................................................... 126 HBS Trust 2005-1E.................................................................. 127 HBS Trust 2006-1 .................................................................... 128

Homeloans Ltd ................................................................129

RMT Securitisation Trust No. 7................................................ 130 HSBC Bank Australia Ltd ...............................................131

Lion Series 2007-1 Trust.......................................................... 132 IMB Ltd. ............................................................................133

Illawarra Series 2003-1 Trust................................................... 134 Illawarra Series 2004-1 RMBS Trust ....................................... 135 Illawarra Series 2005-1 RMBS Trust ....................................... 136 Illawarra Series 2006-1 RMBS Trust ....................................... 137

ING Bank (Australia) Limited..........................................138 IDS Trust 2008-1...................................................................... 139

Liberty Financial Pty Ltd.................................................140 Liberty PRIME Series 2009-1 .................................................. 141

Macquarie Securitisation Ltd .........................................142 PUMA Global Trust No. 3 ........................................................ 143 PUMA Global Trust No. 4 ........................................................ 144 PUMA Global Trust No. 5 ........................................................ 145 PUMA Global Trust S-1 ........................................................... 146 PUMA Masterfund P-8 ............................................................. 147 PUMA Masterfund P-9 ............................................................. 148 PUMA Masterfund P-10 ........................................................... 149 PUMA Masterfund P-11 ........................................................... 150 PUMA Masterfund P-12 ........................................................... 151 PUMA Masterfund P-13 ........................................................... 152 PUMA Masterfund S-2 ............................................................. 153 PUMA Masterfund S-3 Series A .............................................. 154 PUMA Masterfund S-4 ............................................................. 155 PUMA Masterfund S-5 ............................................................. 156 PUMA Masterfund H-1............................................................. 157 PUMA Masterfund P-15 Series A ............................................ 158 PUMA Masterfund S-6 ............................................................. 169 PUMA Masterfund S-7 ............................................................. 160

CONTINUED—See PART 2 of the Australian RMBS Performance Watch.

Australian RMBS Performance Watch as at Jun. 30, 2009 Standard & Poor’s iv

About this Publication Australian RMBS Performance Watch is a quarterly review of the performance of residential mortgage pools that collateralize Australian term securities. If you or your colleagues would like to be added to our circulation list to receive future copies of Australian RMBS Performance Watch, please contact Erin Kitson on (61) 3-9631-2166 or by e-mail at: [email protected].

Comparative Pool Characteristics Comparative pool statistics have been calculated using outstanding loan balances. All data is provided as of or as near as possible to June 30 2009 unless otherwise stated.

Data Collection For the purpose of timely delivery of information to the market, data not received by the fifteenth day after the end of the quarter will not be included in the Australian RMBS Performance Watch statistics. Any late data will be included in updated statistics and subsequent publications.

Definitions Standard & Poor’s has compiled the information in this publication using information received from the issuer, manager, or servicer of each program. Standard & Poor’s has endeavoured to provide data on a basis that is comparable between programs. Users of the information in this publication should, however, exercise care, because there may be inconsistencies in the way that each of the programs is reported to Standard & Poor’s. The descriptions below highlight how Standard & Poor’s interprets general terminology; they are not intended to be industry-standard definitions.

Sponsor The sponsor is the party that has the primary commercial or beneficial interest in the residential mortgage-backed securities (RMBS) transaction.

Prime Prime loans are residential mortgage loans that would generally be made by traditional residential mortgage lenders in the Australian market and would usually be eligible to be covered by a primary lenders’ mortgage insurance policy from a nonassociated and rated mortgage insurer. Prime loans are usually to borrowers with clean credit histories, although some pools may include a small percentage of loans of a minor nonconforming nature. Prime loans can include low documentation (LoDoc) loans.

Subprime Subprime loans are residential mortgage loans to borrowers who would not typically qualify for a loan from a traditional prime lender and generally not be eligible for lenders’ mortgage insurance. Subprime loans include nonconforming loans and loans to borrowers with prior credit impairments. They may also include LoDoc loans.

Domestic/Global/Euro The categorization of an RMBS transaction by market is determined by the legislation under which the notes are offered and the stock exchanges on which the notes are listed. Transactions with a securities and exchange commission (SEC)-registered or 144A tranche are classified as “global”. Transactions that are not global, but which are Euroclear- and/or Clearstream-settled and have a tranche listed on a European exchange, are classified as “euro”. All other transactions will generally be classified as “domestic”.

LoDoc A LoDoc, or low documentation, loan is a loan for which the borrower’s income has not been fully verified by the lender. LoDoc loans are often referred to by a variety of terms, including self-certified, stated income, or low documentation loans.

Full Doc A full doc, or full documentation, loan is a loan for which the borrower’s income has been fully verified by the lender by reference to relevant source documents, such as payslips or tax returns.

Cumulative Gross Losses Cumulative gross losses refer to the aggregate amount of losses in a pool of mortgage loans after recognizing the proceeds from the sale of the underlying security properties, but before including other loss support, such as claims paid under lenders’ mortgage insurance policies or the application of excess spread.

Total Current Loan Balance The total current loan balance (TCLB) is the outstanding dollar amount of the underlying loans as of the report date.

Note Balances All note balances are based on invested amounts. Note refers to a note, bond, security, or any other instrument issued by the issuer.

Standard & Poor’s Mortgage Performance Index Standard & Poor’s Mortgage Performance Index (SPIN) is a measure of arrears on residential mortgage loans underlying RMBS transactions, both publicly and privately rated by Standard & Poor’s. The SPIN is calculated for Australian prime and subprime asset classes, as well as Australian prime LoDoc and prime full doc. It is the weighted-average balance of loans in arrears in each of the 31–60 days, 61–90 days, and 90+ days categories. SPIN is calculated on a monthly basis from information provided to Standard & Poor’s for each transaction.

Australian Prime SPIN The Australian Prime SPIN is a measure of arrears on residential mortgage loans underlying Australian prime RMBS transactions, both publicly and privately rated by Standard & Poor’s.

Australian Prime Full Doc SPIN The Australian Prime Full Doc SPIN is a measure of arrears on full doc residential mortgage loans underlying Australian prime RMBS transactions, both publicly and privately rated by Standard & Poor’s.

Australian Prime LoDoc SPIN The Australian Prime LoDoc SPIN is a measure of arrears on LoDoc residential mortgage loans underlying Australian prime RMBS transactions, both publicly and privately rated by Standard & Poor’s.

Australian Subprime SPIN The Australian Subprime SPIN is a measure of arrears on residential mortgage loans underlying Australian subprime RMBS transactions, both publicly and privately rated by Standard & Poor’s.

Standard & Poor’s Prepayment Index Standard & Poor’s Prepayment Index (SPPI) is a measure of prepayment rates on residential mortgage loans underlying RMBS transactions, both publicly and privately rated by Standard & Poor’s. The SPPI is calculated for Australian prime and subprime loans. It is the weighted-average of the annualized quarterly prepayment rates (QPRs) across the asset subclass. The SPPI is calculated monthly from information provided to Standard & Poor’s for each transaction.

Descriptions

Australian RMBS Performance Watch as at Jun. 30, 2009 Standard & Poor’s v

Australian Prime SPPI The Australian Prime SPPI is a measure of prepayment rates on residential mortgage loans underlying Australian prime RMBS transactions, both publicly and privately rated by Standard & Poor’s.

Australian Subprime SPPI The Australian Subprime SPPI is a measure of prepayment rates on residential mortgage loans underlying Australian subprime RMBS transactions, both publicly and privately rated by Standard & Poor’s.

Quarterly Prepayment Rate The quarterly prepayment rate (QPR) is calculated using the following formula:

U - R - F O + (S+P) - I

2 U = unscheduled principal repayments R = redraws F = further advances O = mortgage pool balance at the beginning of the quarter S = loans added during a substitution period P = loans added during a prefunding period I = capitalized interest

Annualized Quarterly Prepayment Rate The annualized quarterly prepayment rate is calculated by compounding the QPR using the following formula: 1-(1-QPR)4

Quarterly Repayment Rate The quarterly prepayment rate (QRR) is calculated using the following formula:

(Sc + U) - R - F O + (S+P) - I

2 Sc = scheduled principal repayments U = unscheduled principal repayments R = redraws F = further advances O = mortgage pool balance at the start of the quarter. S = loans added during a substitution period P = loans added during a prefunding period I = capitalized interest

Annualized Quarterly Repayment Rate The annualized quarterly repayment rate is calculated by compounding the QRR using the following formula: 1-(1-QRR)4

Mortgage Arrears Data The mortgage arrears data depicts the proportionate value of loans 31–60 days, 61–90 days, and 90+ days in arrears. The percentages are calculated using the outstanding balance of loans in arrears as a proportion of the aggregate outstanding balance of total loans at the end of each month. The reporting method used by issuers in reporting arrears (scheduled-balance basis or missed-payments basis) is noted on the loan pool arrears performance graph for each transaction.

Missed-Payments Basis The measurement of arrears on a missed-payments basis means that a loan is in arrears when a scheduled payment is missed, despite the fact that the borrower may be ahead of the scheduled payment curve.

Scheduled-Balance Basis The measurement of arrears on a scheduled-balance basis means that a loan is in arrears when the current loan balance less the scheduled loan balance is a positive number.

Lenders’ Mortgage Insurance (LMI) The lenders’ mortgage insurers distribution graphs display only those mortgage insurers that provide mortgage insurance for 1% or more of the pool. For a more detailed breakdown of mortgage insurer distribution, refer to the “Lenders’ Mortgage Insurers Distribution” table in part 2 of this publication. The mortgage insurer short-names used in the pie charts are as follows:

LMI Short Name Public Rating HLIC (guaranteed by Commonwealth of Australia) CoA AAA/Stable Genworth Financial Mortgage Insurance Pty Ltd GFMI AA-/Stable Mortgage Risk Management Pty Ltd MRM BBB-/Stable QBE Lenders Mortgage Insurance Ltd* QBE AA-/Negative St.George Insurance Australia Pty Ltd SGIA AA-/Stable Genworth Financial Mortgage GFM Indemnity Ltd (formerly Vero Indemnity Lenders Mortgage Insurance Ltd) (Vero) A-/Stable The Mortgage Insurance Co. Pty Ltd TMIC NR** MGIC Australia Pty Ltd. MGIC BBB-/Negative Prime Insurance Group Ltd PIGL NR American International Assurance AIA A+/Developing Co. Ltd. (Reinsurance Provider of PIGL)

*QBE Lenders Mortgage Insurance was formally known as PMI Mortgage Insurance Ltd.

**NR—Not rated.

Descriptions

Australian RMBS Performance Watch as at Jun. 30, 2009 Standard & Poor’s vi

Sponsor Classifications The classifications into major bank, regional bank, nonbank financial institution, other bank, and nonbank originator are based on the predominant source of origination within the securitization pools.

Major Bank Australia And New Zealand Banking Group Ltd Commonwealth Bank Of Australia Ltd National Australia Bank Ltd Westpac Banking Corp

Regional Bank Bank of Queensland Ltd Bank of Western Australia Ltd Bendigo and Adelaide Bank Ltd St.George Bank Ltd Suncorp-Metway Ltd

Other Bank AMP Bank Ltd ING Bank (Australia) Limited Citigroup Pty Ltd Macquarie Securitisation Ltd Members Equity Bank Pty Ltd HSBC Bank Australia Ltd

Non Bank Financial Institution (NBFI) Australian Central Credit Union Connect Credit Union of Tasmania/Queenslanders Credit Union Australia Ltd Greater Building Society Ltd Heritage Building Society Ltd IMB Ltd Rock Building Society Ltd Wide Bay Australia Ltd

Non Bank Originator AIMS Home Loans Pty Ltd Australian Mortgage Securities Ltd Bluestone Group Pty Ltd Calibre Financial Services Pty Ltd. Challenger Mortgage Management Pty Ltd Challenger Non-Conforming Finance Pty Ltd Columbus Capital First Permanent Securities Ltd FirstMac Limited GMAC-RFC Australia Pty Ltd. Homeloans Ltd Liberty Financial Pty Ltd Pepper HomeLoans Ltd Resimac Ltd RHG Home Loans Pty Ltd

Structured Finance Contacts Melbourne Fabienne Michaux, Managing Director – Regional Practice Leader...........................................................................................................................(61) 3-9631-2050 Vera Chaplin — Asia Pacific Regional Surveillance Manager ....................................................................................................................................(61) 3-9631-2058 Key RMBS Analytical Contacts Kate Thomson, RMBS Analytical Manager .................................................................................................................................................................(61) 3-9631-2104 Erin Kitson, Surveillance Analytical Manager..............................................................................................................................................................(61) 3-9631-2166 Analytical Team Alisha Treacy..............................................................................................................................................................................................................(61) 3- 9631-2182 Camille Diafas ............................................................................................................................................................................................................(61) 3- 9631-2096 Elizabeth Steenson ...................................................................................................................................................................................................(61) 3- 9631-2162 Fiona Otway ..............................................................................................................................................................................................................(61) 3- 9631-2060 Jenny Campbell..........................................................................................................................................................................................................(61) 3- 9631 2062 Luke Elder ..................................................................................................................................................................................................................(61) 3- 9631-2168 Mei Lee Da Silva ........................................................................................................................................................................................................(61) 3- 9631-2053 Narelle Coneybeare....................................................................................................................................................................................................(61) 3- 9631-2061 Peter Eastham............................................................................................................................................................................................................(61) 3- 9631-2062 Sarah Samson............................................................................................................................................................................................................(61) 3- 9631-2142

Sponsor Classifications

Australian RMBS Performance Watch as at Jun. 30, 2009 Standard & Poor’s vii

Residential Loan Servicer Ranking/Outlook

Adelaide Bank Ltd Strong/Stable

Bluestone Servicing Pty. Ltd. Above Average/Stable

EDS (BPA) Pty Ltd. Strong/Stable

FirstMac Limited Above Average/Stable

Heritage Building Society Ltd Strong/Stable

IMB Ltd. Strong/Stable

Challenger Mortgage Management Pty Ltd Strong/Stable

Members Equity Pty Ltd Strong/Stable

Resimac Ltd. Strong/Stable

Unisys Credit Services Pty. Ltd. Above Average/Stable

Residential Sub-Prime Loan Servicer

Bluestone Servicing Pty. Ltd. Above Average/Stable

Liberty Financial Pty Ltd. Strong/Stable

Pepper Australia Pty Limited Above Average/Stable

Rankings

Australian RMBS Performance Watch as at Jun. 30, 2009 Standard & Poor’s viii

Australian RMBS Performance Watch Second-Quarter 2009: Although new issuance of Australian residential mortgage-backed securities (RMBS) increased in second quarter (Q2) 2009, all the deals issued were government sponsored. In Q2 2009, issuance amounts almost tripled to about A$3 billion , compared to that in the corresponding quarter of 2008 (excluding the Reserve Bank of Australia’s (RBA) repurchase-eligible (repo-eligible) RMBS deals). However, the five deals issued during Q2 2009 were wholly supported by the Australian Office of Financial Management program. Arrears Continue To Improve… On the other hand, arrears performance of loans underlying Australian RMBS continued to improve during Q2 2009. The proportion of loans that are in arrears by more than 30 days has contracted by 22 basis points (bps) since March 31, 2009 to 1.44% at June 30, 2009, as measured by the Standard & Poor’s Australian Prime SPIN. The prime SPIN reached its peak at 1.84% in January 2009. In our opinion, the contraction in arrears levels since January 2009 is in part reflective of the series of rate cuts by RBA, which have subsequently been passed on to borrowers. The RBA has cut interest rates progressively since September 2008, including a 0.25% rate cut in April 2009, resulting in a total official interest rate cut of 4.25%. The subprime SPIN also recorded its lowest level since its peak at 17.09% in January 2009. It fell by a large single-quarter decline of 2.85% to 13.61% by end-Q2 2009, which is back at the levels seen before the impact of the global capital-market dislocation on the Australian securitization market in mid-2007. Furthermore, each of the three arrears categories experienced a drop during the three months to June 30, 2009. Most significantly, subprime arrears greater than 90 days declined by 1.76% from the previous quarter, to 8.78%--the lowest recorded arrears levels since June 2008. This translates into an absolute figure of about A$329 million, which is a A$110 million drop from the end of Q1. Arrears on low-documentation (LoDoc) loans, as measured by Standard & Poor’s Australian Prime LoDoc SPIN, has fallen by 0.35%, to 3.76% at June 30, 2009. The FullDoc SPIN also declined further during the same period, to 1.15%. During Q2 2009, the Missed Payments SPIN dropped to 1.87%, from 2.39% in quarter ended March 31, 2008; this is the first incidence of the Missed Payment SPIN falling below 2% since July 2008. Loans originated by issuers who report on a missed payments basis--who are typically originators of LoDoc loans--make up 28% of all loans underlying prime RMBS transactions. All origination sectors experienced a fall in arrears levels during Q2 2009 relative to the previous quarter; the declines ranged from 3bps to 63 bps. Arrears for Australia's four major banks’ mortgages had the least fall of 3bps since March 31, 2009; the level has remained stable at about 1.11% for the three months ended June 30, 2009. Arrears for non-bank originators’ mortgages experienced the biggest decline of 0.63%, from 2.59% at end-Q1 2009 to 1.96% at the second quarter end. To ensure that Standard & Poor’s main Australian RMBS arrears indicator, the Standard & Poor’s Mortgage Performance Index (SPIN), remains relevant for capital market investors, we have excluded repo-eligible RMBS that have not been issued to capital markets from all SPIN calculations.

Issuance And Sponsors Lists Are Largely Unchanged The three biggest issuers in the year to June 30, 2009 had mainly repo-eligible transactions. No repo-eligible transactions were issued during Q2 2009. ING Bank (Australia) Ltd. topped the list of issuers, with A$7.5 billion of repo-eligible issues, followed by AMP Bank Ltd., with just over A$3 billion issued, consisting of one repo-eligible and one non repo-eligible deal. National Australia Bank Ltd. was at third spot, with A$2.9 billion of repo-eligible issues. Apart from the top two positions, the top-10 sponsors list for total RMBS issuance outstanding remain unchanged. Westpac Banking Corp. (A$24.5 billion outstanding) moved up ahead of National Australia Bank, which had RMBS outstanding of almost A$24.0 billion. The remainder of the sponsors in the list in the year to June 30, 2009, maintained their respective positions from Q1 2009. As at June 30, 2009, the total outstanding balance of residential mortgage loans underlying Australian prime and subprime RMBS was A$118.15 billion. The total outstanding balance of residential mortgage loans underlying Australian repo-eligible RMBS was just over A$67 billion. But Losses Are Still Rising For Prime And Subprime RMBS Despite lower arrears levels in Q2 ended June 30, 2009, cumulative gross losses recorded continued to rise. For prime RMBS, the 2004 and 2005 vintages recorded the highest cumulative losses of 0.21% and 0.18% respectively. While still increasing, losses on earlier vintages are easing as the deals are approaching the tail-end of their life. For the more recent vintages, we have observed a slight increase in losses to the 2007 vintage, though still at a very low level of 0.024%, while cumulative losses for the 2008 vintage remained at 0.019%. The 2009 vintage has not yet experienced any losses. To date, most of the losses experienced were covered by lenders' mortgage insurance (LMI) for prime RMBS transactions. In fact, about 94.4% of losses following the sale of underlying properties for prime RMBS transactions were covered by LMI, which is slightly more than the corresponding figure for the March 2009 quarter. The percentage of losses covered by excess spread eased slightly again this quarter, to 4.73% by total issuance amount, from 4.83% as at March 31, 2009. The balance of losses (0.87%) was covered by issuers, which was slightly less than the March 31, 2009 figure of 0.93%. Further Losses Are Expected On 2006 and 2007 Vintages Except for the 2004 subprime vintage, subprime loans originated in all vintages witnessed higher cumulative losses in Q2 2009. Out of the A$3.75 billion of subprime RMBS outstanding, over A$3.2 billion were originated in 2005 (A$0.4 billion), 2006 (A$1.6 billion), and 2007 (A$1.2 billion). Out of these three vintages, the 2005 vintage recorded the highest cumulative losses of 1.4%. However, with the 2005 vintage approaching the tail-end of its life (pool factor at 12.5%), we expect any further build-up of cumulative losses to taper off. The 2006 and 2007 vintages recorded cumulative losses levels of 0.70% and 0.55% respectively; we expect further losses to come through for these vintages, in line with our observation, more than six months ago, of these vintages' high proportions of loans greater-than-90-days in arrears . In our opinion, arrears levels for subprime RMBS have improved since January 2009, partly due to some loans having completed foreclosure and realized losses.

Commentary

Australian RMBS Performance Watch as at Jun. 30, 2009 Standard & Poor’s ix

The outstanding balance of the 2008 subprime vintage was less than A$0.5 billion and consisted of three transactions. This vintage saw the largest increase of cumulative losses during the three months to June 30, 2009, to 1.53% from 0.591% in March 2009. We believe this reflected the lower credit quality of the underlying portfolio compared to transactions of other vintages. We believe subprime losses may rise further as we expect financially stressed borrowers in this sector will continue to face limited refinancing options due to current market conditions. The cumulative gross loss statistics are presented on a static pool basis, and represent the weighted-average cumulative gross losses on loans originated in a particular calendar year. Gross losses are calculated after recognizing the amount recovered from selling the security property and any other collateral, but before adjusting for any other support, such as amounts received from any claims under LMI policies, or any excess spread under the RMBS transactions. A number of transactions have fully or partially reinstated prior period charge-offs to unrated notes during Q2 2009. We believe this reflects a combination of factors, including interest-only notes maturing in some transaction structures, which have resulted in more excess spread being available to apply to charge-offs. In addition, available excess spread has built up in some transactions, as lenders have not passed on the full extent of rate cuts. Prepayment Rates Were Slightly Higher Prepayment rates, as measured by the Standard & Poor’s Prepayment Index (SPPI) on prime RMBS transactions, were slightly higher in Q2 2009, at 22.80%, from 20.62% in March 2009.

However, we believe the increase is due to March prepayment rates historically being low. Similarly, the subprime SPPI rose to 32.04%, from 30.11% in March 2009. In our opinion, the higher prepayment rates seen in the three months ending June is also attributable to the series of interest rate cuts by the RBA. Issuers may have passed on the reductions in home loan interest rates, resulting in higher prepayment rates. Australia Outlook The Australian economy grew at its fastest pace in more than a year in the three months to June 2009. Assisted by the federal government’s stimulus measures and near record-low interest rates, the Australian GDP grew by 0.6% during the June quarter, outpacing the 0.4% growth seen in the March quarter. In addition, most economists have revised down their forecasts for unemployment rates to peak below 8%. Housing prices across Australia have shown positive growth in the June quarter, experiencing the highest growth rates since December 2007. According to Australian Bureau of Statistics, increasing population growth as well as housing supply being constrained by high development costs and restricted land availability, has resulted in a shortage of homes but relatively higher demand. With the economy showing signs of improvement, we believe that arrears could improve further and stabilize at a lower level before household budgets tighten due to Christmas expenses later in the year. Nevertheless, key risks remain--including the likely shallow path of the economic recovery, continued rise in unemployment, and a greater-than-150% household debt-to-income ratio--which could reverse this improving trend.

Australian RMBS Performance Watch as at Jun. 30, 2009 Standard & Poor’s x

Recent Issues The following transactions have issued RMBS in the past three months, hence there may be insufficient history available to create the graphs titled ‘Loan Pool Arrears Performance vs. SPIN’ and ‘Loan Pool Repayment Rate & Outstanding Security Balances’:

Deal Name Asset Sub Class Sponsor Closing Date

Series 2009-1 REDS Trust Prime Bank of Queensland 21-Apr-09

Challenger Millennium Series 2009-1 Trust Prime Challenger Mortgage Management Pty Ltd 22-Apr-09

SMHL Securitisation Fund 2009-1 Prime Members Equity Bank Pty Ltd 13-May-09

RESIMAC Triomphe Trust in respect of RESIMAC Premier Series 2009-1 Prime RESIMAC Ltd 28-May-09

FirstMac Mortgage Funding Trust Series 1-2009 Prime FirstMac Ltd 05-Jun-09

RMBS Outstandings as at Jun. 30, 2009 No. Deals Mil. A$ % Prime 225 114,284.06 61.73%

Prime – REPO Eligible 9 67,005.07 36.19% Sub-Prime 21 3,861.10 2.09% Total 255 185,150.23 100.00% Domestic 174 63,651.02 34.38% Domestic - REPO Eligible 9 67,005.07 36.19% Euro 30 17,273.76 9.33% Global 42 37,220.38 20.10% Total 255 185,150.23 100.00% Major Banks 12 14,979.77 8.09% Major Banks – REPO Eligible 3 42,620.35 23.02% Regional Banks 52 31,352.33 16.93% Regional Banks – REPO Eligible 2 12,532.30 6.77% Other Banks 68 36,832.81 19.89% Other Banks – REPO Eligible 3 11,415.28 6.17% Non-Bank Financial Institutions 29 6,194.54 3.35% Non-Bank Financial Institutions – REPO Eligible 1 437.14 0.24% Non-Bank Originators 85 28,785.71 15.55% Total 255 185,150.23 100.00% No. Classes Mil. A$ % AUD 661 77,651.20 41.94% AUD – REPO Eligible 25 67,005.07 36.19% USD 59 22,485.46 12.14% EUR 66 15,693.28 8.48% GBP 5 2,315.21 1.25% Total 816 185,150.23 100.00%

Top 10 Sponsors by New RMBS Issues Yr Ending Jun. 30, 2009 (Mil. A$) incl. REPO

1 ING Bank (Australia) Ltd. 7,499.89 2 AMP Bank Ltd 3,035.00 3 National Australia Bank Ltd 2,876.50 4 Challenger Mortgage Management Pty Ltd 1,837.68 5 Members Equity Bank Pty Ltd 2,301.28 6 RESIMAC Ltd. 1,259.10 7 FirstMac Ltd 1,225.00 8 Bendigo and Adelaide Bank Ltd 1,163.44 9 St George Bank Ltd 1,051.53

10 Macquarie Securitisation Ltd 1,015.00

Top 10 Sponsors by RMBS Outstandings at Jun. 30, 2009 (Mil. A$) incl. REPO

1 Westpac Banking Corp. 24,462.46 2 National Australia Bank Ltd 23,917.21 3 St.George Bank Ltd. 17,186.46 4 Members Equity Bank Pty Ltd (SMHL) 13,014.29 5 Suncorp-Metway Ltd. 12,153.52 6 Challenger Mortgage Management Pty Limited 10,900.58 7 Commonwealth Bank Of Australia Ltd 8,917.64 8 Macquarie Securitisation Ltd 8,778.67 9 ING Bank (Australia) Limited 7,499.89

10 AMP Bank Ltd 6,227.48

Market Overview

A$ Amount (Mil) 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009Domestic 3,994.60 7,198.70 3,991.03 5,536.00 10,461.93 12,808.59 15,007.57 17,369.11 18,210.71 22,205.41 34,346.95 14,391.31 13,974.27 5,306.48Domestic REPO-Eligible 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42,131.64 114.00Euro 0.00 3,356.58 1,976.06 6,340.86 3,139.00 1,160.22 3,403.83 5,774.98 13,537.59 8,737.51 5,488.37 6,579.04 0.00 0.00Global 0.00 0.00 2,253.24 2,926.67 6,491.06 13,622.48 12,519.46 20,582.63 24,704.14 19,640.81 22,707.37 36,166.60 0.00 0.00Sub-Total Offshore 0.00 3,356.58 4,229.30 9,267.52 9,630.05 14,782.70 15,923.30 26,357.61 38,241.73 28,378.32 28,195.74 42,745.64 0.00 0.00Total 3,994.60 10,555.28 8,220.33 14,803.52 20,091.98 27,591.29 30,930.86 43,726.72 56,452.44 50,583.73 62,542.69 57,136.95 56,105.91 5,420.48

% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009Domestic 100.00% 68.20% 48.55% 37.40% 52.07% 46.42% 48.52% 39.72% 32.26% 43.90% 54.92% 25.19% 24.91% 97.90%Domestic REPO-Eligible 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 75.09% 2.10%Euro 0.00% 31.80% 24.04% 42.83% 15.62% 4.21% 11.00% 13.21% 23.98% 17.27% 8.78% 11.51% 0.00% 0.00%Global 0.00% 0.00% 27.41% 19.77% 32.31% 49.37% 40.48% 47.07% 43.76% 38.83% 36.31% 63.30% 0.00% 0.00%Sub-Total Offshore 0.00% 31.80% 51.45% 62.60% 47.93% 53.58% 51.48% 60.28% 67.74% 56.10% 45.08% 74.81% 0.00% 0.00%Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

No. of Deals 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009Domestic 13 20 20 24 31 27 33 39 39 34 36 29 31 10Domestic REPO-Eligible 0 0 0 0 0 0 0 0 0 0 0 0 11 1Euro 0 3 3 5 3 1 3 5 9 6 3 4 0 0Global 0 0 1 2 4 7 6 14 13 9 7 10 0 0Sub-Total Offshore 0 3 4 7 7 8 9 19 22 15 10 14 0 0Total 13 23 24 31 38 35 42 58 61 49 46 43 42 11

% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009Domestic 100.00% 86.96% 83.33% 77.42% 81.58% 77.14% 78.57% 67.24% 63.93% 69.39% 78.26% 67.44% 73.81% 90.91%Domestic REPO-Eligible 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 26.19% 9.09%Euro 0.00% 13.04% 12.50% 16.13% 7.89% 2.86% 7.14% 8.62% 14.75% 12.24% 6.52% 9.30% 0.00% 0.00%Global 0.00% 0.00% 4.17% 6.45% 10.53% 20.00% 14.29% 24.14% 21.31% 18.37% 15.22% 23.26% 0.00% 0.00%Sub-Total Offshore 0.00% 13.04% 16.67% 22.58% 18.42% 22.86% 21.43% 32.76% 36.07% 30.61% 21.74% 32.56% 0.00% 0.00%Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Australian RMBS Performance Watch as at Jun 30, 2009 Standard & Poor’s xi

Domesic / Euro / Global (No. of Issues)

New IssuanceDomesic / Euro / Global (Mil. A$)

New Issuance

0.00

10,000.00

20,000.00

30,000.00

40,000.00

50,000.00

60,000.00

70,000.00

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009Year

A$

Am

ount

(Mil.

A$)

Domestic Domestic REPO-Eligible Euro Global

0

10

20

30

40

50

60

70

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

No.

Of I

ssue

s

Domestic Domestic REPO-Eligible Euro Global

A$ Amount (Mil) 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009Prime 3,994.60 10,555.28 8,220.33 14,703.52 19,991.98 27,391.29 29,696.90 40,956.62 54,106.82 46,697.57 57,037.91 55,122.35 13,339.02 5,306.48Prime REPO Eligible 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42,131.64 114.00Sub-Prime 0.00 0.00 0.00 100.00 100.00 200.00 1,233.97 2,770.09 2,345.62 3,886.16 5,504.78 2,014.60 635.25 0.00Total 3,994.60 10,555.28 8,220.33 14,803.52 20,091.98 27,591.29 30,930.86 43,726.72 56,452.44 50,583.73 62,542.69 57,136.95 56,105.91 5,420.48

% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009Prime 100.00% 100.00% 100.00% 99.32% 99.50% 99.28% 96.01% 93.66% 95.84% 92.32% 91.20% 96.47% 23.77% 97.90%Prime REPO Eligible 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 75.09% 2.10%Sub-Prime 0.00% 0.00% 0.00% 0.68% 0.50% 0.72% 3.99% 6.34% 4.16% 7.68% 8.80% 3.53% 1.13% 0.00%Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

No. of Deals 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009Prime 13 23 24 30 37 34 38 49 56 42 38 39 28 10Prime REPO Eligible 0 0 0 0 0 0 0 0 0 0 0 0 11 1Sub-Prime 0 0 0 1 1 1 4 9 5 7 8 4 3 0Total 13 23 24 31 38 35 42 58 61 49 46 43 42 11

% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009Prime 100.00% 100.00% 100.00% 96.77% 97.37% 97.14% 90.48% 84.48% 91.80% 85.71% 82.61% 90.70% 66.67% 90.91%Prime REPO Eligible 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 26.19% 9.09%Sub-Prime 0.00% 0.00% 0.00% 3.23% 2.63% 2.86% 9.52% 15.52% 8.20% 14.29% 17.39% 9.30% 7.14% 0.00%Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Australian RMBS Performance Watch as at Jun 30, 2009 Standard & Poor’s xii

New IssuancePrime / Sub-Prime (No. of Issues)

New IssuancePrime / Sub-Prime (Mil. A$)

0.00

10,000.00

20,000.00

30,000.00

40,000.00

50,000.00

60,000.00

70,000.00

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

A$

Am

ount

(Mil.

A$)

Prime Prime REPO Eligible Sub-Prime

0

10

20

30

40

50

60

70

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

No.

Of I

ssue

s

Prime Prime REPO Eligible Sub-Prime

Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-0931-60 days 0.68% 0.62% 0.64% 0.67% 0.70% 0.72% 0.72% 0.72% 0.64% 0.64% 0.58% 0.56%61-90 days 0.26% 0.30% 0.24% 0.28% 0.32% 0.32% 0.33% 0.30% 0.28% 0.26% 0.24% 0.23%

90+ days 0.57% 0.61% 0.63% 0.63% 0.68% 0.73% 0.79% 0.80% 0.75% 0.72% 0.69% 0.65%Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%

TCLB (Bil. A$) 130.39 128.58 127.62 126.83 123.13 121.26 118.85 116.61 114.24 113.75 111.12 108.82

Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-092009 #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 0.000% 0.000%2008 #N/A #N/A #N/A #N/A #N/A #N/A 0.000% 0.000% 0.000% 0.000% 0.019% 0.019%2007 #N/A #N/A 0.000% 0.000% 0.000% 0.000% 0.001% 0.003% 0.008% 0.013% 0.019% 0.024%2006 0.000% 0.000% 0.001% 0.002% 0.004% 0.007% 0.014% 0.024% 0.032% 0.045% 0.058% 0.068%2005 0.010% 0.017% 0.024% 0.036% 0.052% 0.067% 0.080% 0.109% 0.125% 0.145% 0.150% 0.175%2004 0.024% 0.029% 0.050% 0.068% 0.083% 0.104% 0.116% 0.131% 0.143% 0.167% 0.174% 0.208%2003 0.017% 0.020% 0.026% 0.035% 0.041% 0.046% 0.051% 0.055% 0.060% 0.066% 0.068% 0.077%2002 0.007% 0.007% 0.009% 0.012% 0.016% 0.019% 0.022% 0.024% 0.026% 0.029% 0.030% 0.031%

Standard & Poor'sRMBS Performance Watch - Australia

June 30, 2009

Arrears Statistics - Prime

© Copyright 2006 by The McGraw-Hill Companies, Inc. Reproduction in whole or in part prohibited except by permission. All rights reserved. RMBS Perfomance Watch is subject to the full disclaimer on Page iii, Part 1.

Page 1

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Jan-

96

Jul-9

6

Jan-

97

Jul-9

7

Jan-

98

Jul-9

8

Jan-

99

Jul-9

9

Jan-

00

Jul-0

0

Jan-

01

Jul-0

1

Jan-

02

Jul-0

2

Jan-

03

Jul-0

3

Jan-

04

Jul-0

4

Jan-

05

Jul-0

5

Jan-

06

Jul-0

6

Jan-

07

Jul-0

7

Jan-

08

Jul-0

8

Jan-

09

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

160.00

180.00

31-60 days 61-90 days 90+ days TCLB (Total current loan balance)

Australian Prime Standard & Poor's Mortgage Performance Index (SPIN)

Cumulative Gross Losses as Percentage of Total Initial Issuanceby Year Of Issuance

0.000%

0.050%

0.100%

0.150%

0.200%

0.250%

Mar

-02

Jun-

02

Sep-

02

Dec

-02

Mar

-03

Jun-

03

Sep-

03

Dec

-03

Mar

-04

Jun-

04

Sep-

04

Dec

-04

Mar

-05

Jun-

05

Sep-

05

Dec

-05

Mar

-06

Jun-

06

Sep-

06

Dec

-06

Mar

-07

Jun-

07

Sep-

07

Dec

-07

Mar

-08

Jun-

08

Sep-

08

Dec

-08

Mar

-09

Jun-

09

2002 2003 2004 2005 2006 2007 2008 2009


90+ days 0.47% 0.49% 0.49% 0.49% 0.52% 0.54% 0.59% 0.60% 0.57% 0.53% 0.50% 0.48%Full Doc SPIN 1.26% 1.26% 1.22% 1.27% 1.38% 1.42% 1.49% 1.47% 1.35% 1.31% 1.20% 1.15%TCLB (Bil. A$) 113.19 111.63 111.39 111.27 108.02 106.66 104.71 102.92 101.28 101.03 98.81 96.88


90+ days 1.22% 1.40% 1.57% 1.65% 1.84% 2.05% 2.26% 2.34% 2.14% 2.23% 2.16% 2.05%Lo Doc SPIN 3.11% 3.28% 3.56% 3.84% 4.00% 4.29% 4.45% 4.42% 4.11% 4.14% 3.96% 3.76%

TCLB (Bil. A$) 17.20 16.95 16.23 15.57 15.11 14.60 14.13 13.69 12.96 12.72 12.31 11.94

Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09Full Doc SPIN 1.26% 1.26% 1.22% 1.27% 1.38% 1.42% 1.49% 1.47% 1.35% 1.31% 1.20% 1.15%

LoDoc SPIN 3.11% 3.28% 3.56% 3.84% 4.00% 4.29% 4.45% 4.42% 4.11% 4.14% 3.96% 3.76%Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%

Full Doc % Prime TCLB 86.8% 86.8% 87.3% 87.7% 87.7% 88.0% 88.1% 88.3% 88.7% 88.8% 88.9% 89.0%Lo Doc % Prime TCLB 13.2% 13.2% 12.7% 12.3% 12.3% 12.0% 11.9% 11.7% 11.3% 11.2% 11.1% 11.0%

Standard & Poor'sRMBS Arrears Statistics - Australia

June 30, 2009


© Copyright 2009 by The McGraw-Hill Companies, Inc. Reproduction in whole or in part prohibited except by permission. All rights reserved. RMBS Arrears Statistics is subject to the full disclaimer on the inside back cover.

Page 2

Arrears on Full Doc Loans

0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%

Apr

-05

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

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06

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6

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Jan-

07

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07

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-07

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-07

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-07

Jun-

07

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7

Aug

-07

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-07

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-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

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08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

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Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

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May

-09

Jun-

09

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.031-60 days 61-90 days 90+ days TCLB

Arrears on LoDoc Loans

0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%

Apr

-05

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

5.0

10.0

15.0

20.0


Documentation Type Total Arrears Comparison

0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%

Apr

-05

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

Full Doc LoDoc Prime SPIN


90+ days 0.79% 0.86% 0.85% 0.89% 1.06% 1.11% 1.23% 1.25% 1.23% 1.16% 1.06% 0.98%Total 1.98% 2.14% 2.04% 2.19% 2.43% 2.50% 2.59% 2.46% 2.39% 2.31% 2.06% 1.87%

TCLB (Bil. A$) 37.26 37.29 37.77 36.64 33.39 33.29 32.61 32.13 31.04 31.48 31.28 31.27


90+ days 0.48% 0.51% 0.53% 0.53% 0.54% 0.58% 0.62% 0.63% 0.56% 0.55% 0.54% 0.52%Total 1.32% 1.28% 1.30% 1.34% 1.43% 1.49% 1.56% 1.58% 1.39% 1.36% 1.29% 1.26%

TCLB (Bil. A$) 93.13 91.29 89.85 90.20 89.74 87.96 86.24 84.48 83.20 82.27 79.84 77.56

Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09Missed Payments 1.98% 2.14% 2.04% 2.19% 2.43% 2.50% 2.59% 2.46% 2.39% 2.31% 2.06% 1.87%

Scheduled Balance 1.32% 1.28% 1.30% 1.34% 1.43% 1.49% 1.56% 1.58% 1.39% 1.36% 1.29% 1.26%Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%


Page 3

June 30, 2009Standard & Poor'sRMBS Arrears Statistics - Australia


Arrears Reported on a Missed Payments Basis

0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%

Jan-

96A

pr-9

6Ju

l-96

Oct

-96

Jan-

97A

pr-9

7Ju

l-97

Oct

-97

Jan-

98A

pr-9

8Ju

l-98

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-98

Jan-

99A

pr-9

9Ju

l-99

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-99

Jan-

00A

pr-0

0Ju

l-00

Oct

-00

Jan-

01A

pr-0

1Ju

l-01

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-01

Jan-

02A

pr-0

2Ju

l-02

Oct

-02

Jan-

03A

pr-0

3Ju

l-03

Oct

-03

Jan-

04A

pr-0

4Ju

l-04

Oct

-04

Jan-

05A

pr-0

5Ju

l-05

Oct

-05

Jan-

06A

pr-0

6Ju

l-06

Oct

-06

Jan-

07A

pr-0

7Ju

l-07

Oct

-07

Jan-

08A

pr-0

8Ju

l-08

Oct

-08

Jan-

09A

pr-0

9

0.05.010.015.020.025.030.035.040.045.050.0

31-60 days 61-90 days 90+ days TCLB

(Bil. A

$)

Arrears Reported on a Scheduled Balance Basis

0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%

Jan-

96A

pr-9

6Ju

l-96

Oct

-96

Jan-

97A

pr-9

7Ju

l-97

Oct

-97

Jan-

98A

pr-9

8Ju

l-98

Oct

-98

Jan-

99A

pr-9

9Ju

l-99

Oct

-99

Jan-

00A

pr-0

0Ju

l-00

Oct

-00

Jan-

01A

pr-0

1Ju

l-01

Oct

-01

Jan-

02A

pr-0

2Ju

l-02

Oct

-02

Jan-

03A

pr-0

3Ju

l-03

Oct

-03

Jan-

04A

pr-0

4Ju

l-04

Oct

-04

Jan-

05A

pr-0

5Ju

l-05

Oct

-05

Jan-

06A

pr-0

6Ju

l-06

Oct

-06

Jan-

07A

pr-0

7Ju

l-07

Oct

-07

Jan-

08A

pr-0

8Ju

l-08

Oct

-08

Jan-

09A

pr-0

9

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0


(Bil. A

$)

Arrears Calculation Method Comparison

0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%

Jan-

96A

pr-9

6Ju

l-96

Oct

-96

Jan-

97A

pr-9

7Ju

l-97

Oct

-97

Jan-

98A

pr-9

8Ju

l-98

Oct

-98

Jan-

99A

pr-9

9Ju

l-99

Oct

-99

Jan-

00A

pr-0

0Ju

l-00

Oct

-00

Jan-

01A

pr-0

1Ju

l-01

Oct

-01

Jan-

02A

pr-0

2Ju

l-02

Oct

-02

Jan-

03A

pr-0

3Ju

l-03

Oct

-03

Jan-

04A

pr-0

4Ju

l-04

Oct

-04

Jan-

05A

pr-0

5Ju

l-05

Oct

-05

Jan-

06A

pr-0

6Ju

l-06

Oct

-06

Jan-

07A

pr-0

7Ju

l-07

Oct

-07

Jan-

08A

pr-0

8Ju

l-08

Oct

-08

Jan-

09A

pr-0

9

Missed Payments Scheduled Balance Prime SPIN

(Bil. A

$)


90+ days 0.67% 0.73% 0.75% 0.73% 0.78% 0.81% 0.89% 0.91% 0.84% 0.81% 0.77% 0.71%Total 1.60% 1.73% 1.70% 1.71% 1.85% 1.90% 1.98% 1.92% 1.76% 1.69% 1.56% 1.47%

TCLB (Bil. A$) 59.71 60.22 60.92 61.86 60.34 60.00 58.91 57.97 57.50 58.79 57.56 56.74


90+ days 0.49% 0.50% 0.52% 0.54% 0.58% 0.65% 0.69% 0.69% 0.65% 0.63% 0.60% 0.58%Total 1.43% 1.35% 1.35% 1.46% 1.55% 1.63% 1.71% 1.72% 1.56% 1.55% 1.44% 1.40%

TCLB (Bil. A$) 70.67 68.36 66.70 64.97 62.79 61.26 59.93 58.65 56.74 54.96 53.56 52.09

Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09Domestic 1.60% 1.73% 1.70% 1.71% 1.85% 1.90% 1.98% 1.92% 1.76% 1.69% 1.56% 1.47%

Cross Border 1.43% 1.35% 1.35% 1.46% 1.55% 1.63% 1.71% 1.72% 1.56% 1.55% 1.44% 1.40%Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Page 4


June 30, 2009

Arrears Domestic Issues

0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%

Jan-

96Ap

r-96

Jul-9

6O

ct-9

6Ja

n-97

Apr-

97Ju

l-97

Oct

-97

Jan-

98Ap

r-98

Jul-9

8O

ct-9

8Ja

n-99

Apr-

99Ju

l-99

Oct

-99

Jan-

00Ap

r-00

Jul-0

0O

ct-0

0Ja

n-01

Apr-

01Ju

l-01

Oct

-01

Jan-

02Ap

r-02

Jul-0

2O

ct-0

2Ja

n-03

Apr-

03Ju

l-03

Oct

-03

Jan-

04Ap

r-04

Jul-0

4O

ct-0

4Ja

n-05

Apr-

05Ju

l-05

Oct

-05

Jan-

06Ap

r-06

Jul-0

6O

ct-0

6Ja

n-07

Apr-

07Ju

l-07

Oct

-07

Jan-

08Ap

r-08

Jul-0

8O

ct-0

8Ja

n-09

Apr-

09

0.0

10.0

20.0

30.0

40.0

50.0

60.0


Arrears Cross Border Issues

0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%

Apr

-97

Jul-9

7O

ct-9

7Ja

n-98

Apr

-98

Jul-9

8O

ct-9

8Ja

n-99

Apr

-99

Jul-9

9O

ct-9

9Ja

n-00

Apr

-00

Jul-0

0O

ct-0

0Ja

n-01

Apr

-01

Jul-0

1O

ct-0

1Ja

n-02

Apr

-02

Jul-0

2O

ct-0

2Ja

n-03

Apr

-03

Jul-0

3O

ct-0

3Ja

n-04

Apr

-04

Jul-0

4O

ct-0

4Ja

n-05

Apr

-05

Jul-0

5O

ct-0

5Ja

n-06

Apr

-06

Jul-0

6O

ct-0

6Ja

n-07

Apr

-07

Jul-0

7O

ct-0

7Ja

n-08

Apr

-08

Jul-0

8O

ct-0

8Ja

n-09

Apr

-09

0.0

20.0

40.0

60.0

80.0

100.0

120.0

31-60 days 61-90 days 90+ days Total Current Loan Balance

Market Comparison

0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%

Apr

-97

Jul-9

7

Oct

-97

Jan-

98

Apr

-98

Jul-9

8

Oct

-98

Jan-

99

Apr

-99

Jul-9

9

Oct

-99

Jan-

00

Apr

-00

Jul-0

0

Oct

-00

Jan-

01

Apr

-01

Jul-0

1

Oct

-01

Jan-

02

Apr

-02

Jul-0

2

Oct

-02

Domestic Cross Border Prime SPIN

(Bil. A

$)

Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-0931-60 days 0.58% 0.56% 0.57% 0.54% 0.52% 0.51% 31-60 days 0.81% 0.86% 0.71% 0.72% 0.66% 0.69%61-90 days 0.21% 0.19% 0.18% 0.20% 0.24% 0.21% 61-90 days 0.34% 0.35% 0.29% 0.29% 0.25% 0.27%

90+ days 0.35% 0.39% 0.39% 0.38% 0.34% 0.38% 90+ days 0.71% 0.74% 0.66% 0.62% 0.60% 0.56%Major Banks SPIN 1.14% 1.15% 1.14% 1.11% 1.11% 1.11% Regional Banks SPIN 1.86% 1.95% 1.66% 1.64% 1.51% 1.52%

TCLB (Bil. A$) 16.61 16.26 15.87 15.18 14.80 14.44 TCLB (Bil. A$) 28.98 28.41 28.28 28.35 27.74 27.08

Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-0931-60 days 0.58% 0.61% 0.51% 0.60% 0.46% 0.43% 31-60 days 0.38% 0.36% 0.32% 0.29% 0.34% 0.28%61-90 days 0.30% 0.22% 0.23% 0.18% 0.17% 0.13% 61-90 days 0.13% 0.13% 0.12% 0.15% 0.09% 0.07%

90+ days 0.57% 0.62% 0.56% 0.55% 0.54% 0.50% 90+ days 0.21% 0.21% 0.17% 0.17% 0.19% 0.16%Other Banks SPIN 1.45% 1.45% 1.29% 1.33% 1.17% 1.07% Non-Bank Financial Institutions SPIN 0.73% 0.70% 0.62% 0.61% 0.62% 0.51%

TCLB (Bil. A$) 29.84 29.40 29.22 28.68 28.01 27.50 TCLB (Bil. A$) 5.96 5.82 6.11 6.33 5.70 5.65

Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-0931-60 days 0.95% 0.77% 0.80% 0.72% 0.64% 0.55% Major Banks 1.14% 1.15% 1.14% 1.11% 1.11% 1.11%61-90 days 0.46% 0.44% 0.35% 0.36% 0.29% 0.30% Regional Banks 1.86% 1.95% 1.66% 1.64% 1.51% 1.52%

90+ days 1.54% 1.46% 1.44% 1.30% 1.19% 1.11% Other Banks 1.45% 1.45% 1.29% 1.33% 1.17% 1.07%Non-Bank Originators SPIN 2.96% 2.67% 2.59% 2.38% 2.12% 1.96% Non-Bank Financial Institutions 0.73% 0.70% 0.62% 0.61% 0.62% 0.51%

TCLB (Bil. A$) 24.11 23.46 22.18 22.90 22.84 22.39 Non-Bank Originators 2.96% 2.67% 2.59% 2.38% 2.12% 1.96%Prime SPIN 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%


© Copyright 2009 by The McGraw-Hill Companies, Inc. Reproduction in whole or in part prohibited except by permission. All rights reserved. RMBS Arrears Statistics is subject to the full disclaimer on the inside back cover. Page 5

June 30, 2009Standard & Poor'sRMBS Arrears Statistics - Australia

Major Banks

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Nov

-96

May

-97

Nov

-97

May

-98

Nov

-98

May

-99

Nov

-99

May

-00

Nov

-00

May

-01

Nov

-01

May

-02

Nov

-02

May

-03

Nov

-03

May

-04

Nov

-04

May

-05

Nov

-05

May

-06

Nov

-06

May

-07

Nov

-07

May

-08

Nov

-08

May

-09

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0


(Bil. A

$)

Regional Banks

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Mar

-96

Sep

-96

Mar

-97

Sep

-97

Mar

-98

Sep

-98

Mar

-99

Sep

-99

Mar

-00

Sep

-00

Mar

-01

Sep

-01

Mar

-02

Sep

-02

Mar

-03

Sep

-03

Mar

-04

Sep

-04

Mar

-05

Sep

-05

Mar

-06

Sep

-06

Mar

-07

Sep

-07

Mar

-08

Sep

-08

Mar

-09

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0


(Bil. A

$)

Other Banks

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Jan-

96

Jul-9

6

Jan-

97

Jul-9

7

Jan-

98

Jul-9

8

Jan-

99

Jul-9

9

Jan-

00

Jul-0

0

Jan-

01

Jul-0

1

Jan-

02

Jul-0

2

Jan-

03

Jul-0

3

Jan-

04

Jul-0

4

Jan-

05

Jul-0

5

Jan-

06

Jul-0

6

Jan-

07

Jul-0

7

Jan-

08

Jul-0

8

Jan-

09

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0


(Bil. A

$)

Non-Bank Financial Institutions

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Jul-9

7

Jan-

98

Jul-9

8

Jan-

99

Jul-9

9

Jan-

00

Jul-0

0

Jan-

01

Jul-0

1

Jan-

02

Jul-0

2

Jan-

03

Jul-0

3

Jan-

04

Jul-0

4

Jan-

05

Jul-0

5

Jan-

06

Jul-0

6

Jan-

07

Jul-0

7

Jan-

08

Jul-0

8

Jan-

09

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0


(Bil. A

$)

Non-Bank Originators

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Jan-

96

Jul-9

6

Jan-

97

Jul-9

7

Jan-

98

Jul-9

8

Jan-

99

Jul-9

9

Jan-

00

Jul-0

0

Jan-

01

Jul-0

1

Jan-

02

Jul-0

2

Jan-

03

Jul-0

3

Jan-

04

Jul-0

4

Jan-

05

Jul-0

5

Jan-

06

Jul-0

6

Jan-

07

Jul-0

7

Jan-

08

Jul-0

8

Jan-

09

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0


(Bil. A

$)

Company Type Comparison

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Jan-

96

Jul-9

6

Jan-

97

Jul-9

7

Jan-

98

Aug

-98

Jan-

99

Aug

-99

Jan-

00

Jul-0

0

Jan-

01

Jul-0

1

Jan-

02

Aug

-02

Jan-

03

Aug

-03

Jan-

04

Jul-0

4

Jan-

05

Jul-0

5Non-Bank Originators Major BanksRegional Banks Other BanksNon-Bank Financial Institutions Prime SPIN


Page 6


June 30, 2009

Arrears Statistics - PrimeBy Year Of Issuance

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Feb-

02

Aug-

02

Feb-

03

Aug-

03

Feb-

04

Aug-

04

Feb-

05

Aug-

05

Feb-

06

Aug-

06

Feb-

07

Aug-

07

Feb-

08

Aug-

08

Feb-

090.0

5.0

10.0

15.0

20.0

25.0

30.0


2002

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Jan-

03

Jul-0

3

Jan-

04

Jul-0

4

Jan-

05

Jul-0

5

Jan-

06

Jul-0

6

Jan-

07

Jul-0

7

Jan-

08

Jul-0

8

Jan-

09

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0


2003

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Mar

-01

Sep-

01

Mar

-02

Sep-

02

Mar

-03

Sep-

03

Mar

-04

Sep-

04

Mar

-05

Sep-

05

Mar

-06

Sep-

06

Mar

-07

Sep-

07

Mar

-08

Sep-

08

Mar

-09

0.0

10.0

20.0

30.0

40.0

50.0

60.0


2004

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Feb-

05

Jul-0

5

Dec

-05

May

-06

Oct

-06

Mar

-07

Aug

-07

Jan-

08

Jun-

08

Nov

-08

Apr

-09

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0


2005

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Feb-

06

Jun-

06

Oct

-06

Feb-

07

Jun-

07

Oct

-07

Feb-

08

Jun-

08

Oct

-08

Feb-

09

Jun-

09

0.0

10.0

20.0

30.0

40.0

50.0

60.0


2006

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Jan-

07

Apr-

07

Jul-0

7

Oct

-07

Jan-

08

Apr-

08

Jul-0

8

Oct

-08

Jan-

09

Apr-

09

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0


2007

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep-

08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2008

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Feb

09

Mar

09

Apr 0

9

May

09

Jun

09

0.0

1.0

2.0

3.0

4.0

5.0

6.0


2009

ingrama

Stamp

ingrama

Stamp

ingrama

Stamp

ingrama

Stamp

ingrama

Stamp

ingrama

Stamp

ingrama

Stamp

ingrama

Stamp

Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09Domestic 26.02% 24.37% 20.18% 23.66% 23.91% 24.39% 23.32% 23.94% 24.31% 24.03% 21.38% 23.06%Cross border 23.23% 24.02% 20.89% 24.02% 25.23% 23.87% 21.82% 23.23% 20.22% 20.83% 19.96% 22.56%Prime SPPI 24.29% 24.16% 20.59% 23.88% 24.75% 24.07% 22.41% 23.51% 21.90% 22.24% 20.62% 22.80%

Standard & Poor'sRMBS Performance Watch - Australia June 30, 2009

Prepayment Statistics - Prime


Page 7

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

45.00%

50.00%

Sep-

96D

ec-9

6M

ar-9

7Ju

n-97

Sep-

97D

ec-9

7M

ar-9

8Ju

n-98

Sep-

98D

ec-9

8M

ar-9

9Ju

n-99

Sep-

99D

ec-9

9M

ar-0

0Ju

n-00

Sep-

00D

ec-0

0M

ar-0

1Ju

n-01

Sep-

01D

ec-0

1M

ar-0

2Ju

n-02

Sep-

02D

ec-0

2M

ar-0

3Ju

n-03

Sep-

03D

ec-0

3M

ar-0

4Ju

n-04

Sep-

04D

ec-0

4M

ar-0

5Ju

n-05

Sep-

05D

ec-0

5M

ar-0

6Ju

n-06

Sep-

06D

ec-0

6M

ar-0

7Ju

n-07

Sep-

07D

ec-0

7M

ar-0

8Ju

n-08

Sep-

08D

ec-0

8M

ar-0

9Ju

n-09

Domestic Cross Border Prime SPPI

Australian Prime Standard & Poors Prepayment Index (SPPI)by Market

Annualised Quarterly Prepayment Rates - Months From Issue Date

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

45.00%

50.00%

3 6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 54 57 60 63 66 69 72 75 78 81 84 87 90 93 96 99 102

105

108

111

114

117

120

123

126

129

132

135

138

141

144

147

150

153

156

159

162

Domestic Cross Border Total Prepayment Rate

Standard & Poor'sRMBS Performance Watch - Australia

June 30, 2009

Prepayment Statistics - Prime


Page 8

Annualised Quarterly Prepayment Rate Index(By Year Of Issuance)

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09

2002 2003 2004 2005 2006 2007 2008 2009

Annualised Quarterly Prepayment Rate Index - Months From Issue Date(By Year Of Issuance)

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

0 6 12 18 24 30 36 42 48 54 60 66 72 78 84 90 96

2002 2003 2004 2005 2006 2007 2008 2009

an Pool Arrears Performance vs Prime SPIN


90+ days 1.45% 1.48% 1.57% 1.67% 1.75% 1.88% 1.95% 2.06% 1.91% 1.89% 1.78% 1.62%Total 2.70% 2.63% 2.80% 2.86% 3.02% 3.20% 3.17% 3.13% 3.01% 2.81% 2.75% 2.75%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%

Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09Prepayment 31.66% 28.75% 23.72% 28.45% 32.47% 27.84% 27.00% 28.23% 36.62% 25.40% 27.11% 29.36%Repayment 32.33% 29.46% 24.53% 29.23% 33.26% 28.68% 27.88% 29.11% 40.48% 26.45% 28.21% 30.47%Prime SPPI 24.29% 24.16% 20.59% 23.88% 24.75% 24.07% 22.41% 23.51% 21.90% 22.24% 20.62% 22.80%


Adelaide Bank Ltd


Page 9

Value Outstanding

Additional Comments•Adelaide Bank is a regional bank based in South Australia.

•The bank securitises prime residential mortgage loans under the Torrens RMBS program.

•Adelaide Bank Ltd. Is a 100% owned subsidiary of Bendigo and Adelaide Bank Ltd.

•A Note Holder of Series 2005-1 (AAA) TORRENS Trust requested for a redemption of Notes in Sept 2007. The Trust sold approximately $151 million of receivables, which was passed through as principal repayments, causing a hike in the repayment rate.

A$M 3,318.3129-Feb-96Total # Domestic Issues Total # Cross Border Issues # Outstanding

8314First Issue Released

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Mar

-96

Jun-

96S

ep-9

6D

ec-9

6M

ar-9

7Ju

n-97

Sep

-97

Dec

-97

Mar

-98

Jun-

98S

ep-9

8D

ec-9

8M

ar-9

9Ju

n-99

Sep

-99

Dec

-99

Mar

-00

Jun-

00S

ep-0

0D

ec-0

0M

ar-0

1Ju

n-01

Sep

-01

Dec

-01

Mar

-02

Jun-

02S

ep-0

2D

ec-0

2M

ar-0

3Ju

n-03

Sep

-03

Dec

-03

Mar

-04

Jun-

04S

ep-0

4D

ec-0

4M

ar-0

5Ju

n-05

Sep

-05

Dec

-05

Mar

-06

Jun-

06S

ep-0

6D

ec-0

6M

ar-0

7Ju

n-07

Sep

-07

Dec

-07

Mar

-08

Jun-

08S

ep-0

8D

ec-0

8M

ar-0

9Ju

n-09

31-60 Days 61-90 Days 90+ Days Prime SPIN

Loan Pool Arrears Performance vs Prime SPIN

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Sep

-96

Dec

-96

Mar

-97

Jun-

97S

ep-9

7D

ec-9

7M

ar-9

8Ju

n-98

Sep

-98

Dec

-98

Mar

-99

Jun-

99S

ep-9

9D

ec-9

9M

ar-0

0Ju

n-00

Sep

-00

Dec

-00

Mar

-01

Jun-

01S

ep-0

1D

ec-0

1M

ar-0

2Ju

n-02

Sep

-02

Dec

-02

Mar

-03

Jun-

03S

ep-0

3D

ec-0

3M

ar-0

4Ju

n-04

Sep

-04

Dec

-04

Mar

-05

Jun-

05S

ep-0

5D

ec-0

5M

ar-0

6Ju

n-06

Sep

-06

Dec

-06

Mar

-07

Jun-

07S

ep-0

7D

ec-0

7M

ar-0

8Ju

n-08

Sep

-08

Dec

-08

Mar

-09

Jun-

09

Prepayment Rate Repayment Rate Prime SPPI

Adelaide Bank Ltd Prepayment & Repayment Rates vs Prime SPPI

OutlookStable


Series 2004-1 TORRENS Trust

Arrears Reportedon a Scheduled

Balance Basis


Page 10

StrongServicer RankingOriginator Servicer

Adelaide Bank Ltd Adelaide Bank Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09

Charge Off To Rated Notes Loss Covered By SellerLoss On Sale LMI Claims Paid to DateLoss Covered By Excess Spread Charge Off To UnRated Notes

% of Initial Class Balance

Loan Pool Arrears Performance vs SPIN

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

31-60 Days 61-90 Days 90+ Days TCLB Prime SPIN

Loan Pool Repayment Trend and Outstanding Security Balance

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

B A2 A1F Repayment Rate Prepayment Rate

(Mil. A

$)

Loan Size Distribution

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+

Cumulative Loan Size Cumulative Loan SizeLoan To Value Ratio Distribution

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR

Geographic Distribution

NSW32%

NT0%

QLD12%

SA35%

TAS0%

WA5%

ACT0%

VIC16%

Inner City0%

Metro82%

Non-Metro18%

OutlookStable


Series 2004-2(W) TORRENS Trust


Balance Basis


Page 11



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

B A-2 A-1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW42%

NT0%QLD

28%

SA8%

VIC16%

ACT0%

WA6%

Inner City0%

Metro69%

Non-Metro31%

OutlookStable


Series 2005-1 TORRENS Trust


Balance Basis


Page 12



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-05

Apr

-05

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW29%

NT0%

QLD15%SA

35%

TAS0%

WA7%

ACT0%

VIC14%

Inner City0%

Metro79%

Non-Metro21%

OutlookStable


Series 2005-2(S) TORRENS Trust


Balance Basis


Page 13



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

B A Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW41%

NT0%

QLD30%

SA6%

TAS0%

WA6%

ACT0%

VIC17%

Inner City0%

Metro71%

Non-Metro29%

OutlookStable


Series 2005-3E TORRENS Trust


Balance Basis


Page 14



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

B A2 A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW32%

NT0%

QLD12%

SA35%

TAS0%

WA5%

ACT1%

VIC15%

Inner City0%

Metro84%

Non-Metro16%

OutlookStable


Series 2005-1 (AAA) TORRENS Trust


Balance Basis


Page 15



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW34%

NT0%

QLD18%

SA22%

TAS0%

WA9%

ACT2%

VIC15% Inner City

0%

Metro78%

Non-Metro22%

OutlookStable


TORRENS Series 2006-1(E) Trust


Balance Basis


Page 16



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW30%

NT0%

QLD11%

SA39%

TAS0%

WA7%

ACT2%

VIC11%

Inner City0%

Metro84%

Non-Metro16%

OutlookStable


TORRENS Series 2007-1 Trust


Balance Basis


Page 17



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW40%

NT0%QLD

9%

SA23%

TAS1%

WA10%

ACT2%

VIC15%

Inner City0%

Metro87%

Non-Metro13%



90+ days 0.49% 0.89% 0.99% 1.06% 0.91% 1.04% 0.96% 1.02% 1.03% 1.31% 1.16% 0.79%Total 1.16% 1.52% 1.37% 1.72% 1.90% 1.97% 1.89% 1.63% 1.30% 1.45% 1.53% 1.35%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



AIMS Home Loans Pty. Ltd.


Page 18

Value Outstanding

Additional Comments•AIMS Home Loans Pty. Ltd. (AIMS) is a privately owned, non-bank mortgage originator based in New South Wales.

•AIMS originated and funded mortgage loans under the RESIMAC RMBS program, including two RMBS transactions badged as AIMS in which all loans were originated by AIMS.

•AIMS has now established its own program to securitise prime residential mortgage loans which includes one rated warehouse trust, AIMS Warehouse Trust No.1.

•In May 06 AIMS Home Loans Pty Ltd changed their arrears reporting methodology from missed payments to scheduled balance.

A$M 505.5004-Sep-00Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Sep

-00

Dec

-00

Mar

-01

Jun-

01

Sep

-01

Dec

-01

Mar

-02

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Dec

-00

Mar

-01

Jun-

01

Sep

-01

Dec

-01

Mar

-02

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


AIMS Home Loans Pty. Ltd. Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


AIMS 2004-1 Trust


Balance Basis


Page 19

Not RankedServicer RankingOriginator Servicer

AIMS Home Loans Pty. Ltd. AIMS Home Loans Pty. Ltd.

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

B A3 A2 A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW50%

QLD17%

SA1%

VIC30%

ACT2%

Inner City2%

Metro93%

Non-Metro5%

OutlookNot Ranked


AIMS 2005-1 Trust


Balance Basis


Page 20


AIMS Home Loans Pty. Ltd. AIMS Home Loans Pty. Ltd.

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW51%

QLD19%

SA0%

VIC27%

WA0%

ACT3%

Inner City1%

Metro90%

Non-Metro9%

OutlookNot Ranked


AIMS 2007-1 Trust


Balance Basis


Page 21


AIMS Home Loans Pty. Ltd. AIMS Securitisation Pty Limited

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW50%

QLD21%

SA0%

VIC28%

WA1%

ACT0%

Inner City2%

Metro87%

Non-Metro11%



90+ days 0.56% 0.53% 0.58% 0.57% 0.67% 0.72% 0.82% 0.88% 0.62% 0.60% 0.66% 0.57%Total 1.35% 1.10% 1.32% 1.43% 1.66% 1.89% 1.85% 1.95% 1.45% 1.29% 1.08% 1.06%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



AMP Bank Ltd


Page 22

Value Outstanding

Additional Comments•AMP Bank Ltd. is a second-tier bank, owned by AMP Ltd., Australia’s largest life insurance and funds management group.

•The bank securitises prime residential mortgage loans under the Progress RMBS program, which includes a rated warehouse trust, Progress Warehouse Trust No. 1.

•AMP has advised that the high LTV ratio's on several transactions are correct due to large valuation reductions in subsequent valuations in comparison to when the loans were originated.

A$M 6,227.4803-Oct-97Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Oct

-97

Jan-

98

Apr

-98

Jul-9

8

Oct

-98

Jan-

99

Apr

-99

Jul-9

9

Oct

-99

Jan-

00

Apr

-00

Jul-0

0

Oct

-00

Jan-

01

Apr

-01

Jul-0

1

Oct

-01

Jan-

02

Apr

-02

Jul-0

2

Oct

-02

Jan-

03

Apr

-03

Jul-0

3

Oct

-03

Jan-

04

Apr

-04

Jul-0

4

Oct

-04

Jan-

05

Apr

-05

Jul-0

5

Oct

-05

Jan-

06

Apr

-06

Jul-0

6

Oct

-06

Jan-

07

Apr

-07

Jul-0

7

Oct

-07

Jan-

08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


AMP Bank Ltd Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


Progress 2003 E-1 Trust


Balance Basis


Page 23


AMP Bank Ltd AMP Bank Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

B 2A 1A Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW67%

NT0%

QLD7%

SA3%

TAS1%

WA5%

ACT1%

VIC16%

Inner City1%

Metro86%

Non-Metro13%

OutlookNot Ranked


Progress 2004 E-1 Trust


Balance Basis


Page 24



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW68%

NT0%

QLD7%

SA3%

TAS1%

WA2%

ACT2%

VIC17%

Inner City1%

Metro85%

Non-Metro14%

OutlookNot Ranked


Progress 2004-2 Trust


Balance Basis


Page 25



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW68%

NT0%

QLD8%

SA2%

TAS0%

WA4%

ACT2%

VIC16%

Inner City1%

Metro87%

Non-Metro12%

OutlookNot Ranked




Balance Basis


Page 26



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Apr

-05

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW67%

NT0%

QLD8%

SA3%

TAS1%

WA3%

ACT1%

VIC17%

Inner City1%

Metro82%

Non-Metro17%

OutlookNot Ranked




Balance Basis


Page 27



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW62%NT

1%

QLD9%

SA3%

TAS1%

WA3%

ACT2%

VIC19%

Inner City0%

Metro83%

Non-Metro17%

OutlookNot Ranked




Balance Basis


Page 28



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW63%

NT0%

QLD12%

SA3%

TAS1%

WA3%

ACT1%

VIC17%

Inner City1%

Metro80%

Non-Metro19%

OutlookNot Ranked


Progress 2007-1G Trust


Balance Basis


Page 29



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW59%

NT0%

QLD10%

SA3%

TAS1%

WA8%

ACT1%

VIC18% Inner City

1%

Metro81%

Non-Metro18%

OutlookNot Ranked


Balance Basis


Page 30




Progress 2008-1R Trust

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW42%

NT0%QLD

16%

SA6%

TAS1%

WA12%

ACT2%

VIC21%

Inner City1%

Metro79%

Non-Metro20%

OutlookNot Ranked




Balance Basis


Page 31



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

B AB A-2 A-1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW40%

NT0%QLD

16%

SA6%

TAS2%

WA10%

ACT2%

VIC24%

Inner City1%

Metro74%

Non-Metro25%



90+ days 0.01% 0.04% 0.04% 0.16% 0.21% 0.16% 0.17% 0.14% 0.18% 0.15% 0.15% 0.12%Total 0.39% 0.39% 0.53% 0.69% 0.56% 0.52% 0.53% 0.36% 0.48% 0.47% 0.28% 0.25%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Australia And New Zealand Banking Group Ltd


Page 32

Value Outstanding

Additional Comments•Australia and New Zealand Banking Group Ltd. (ANZ) is one of the four major banks in Australia.

•ANZ securitises prime residential mortgage loans, originated by the bank through its retail delivery network, under the Kingfisher RMBS program.

A$M 302.8207-Mar-01Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Sep

-01

Dec

-01

Mar

-02

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Dec

-01

Mar

-02

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Australia And New Zealand Banking Group Ltd Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


Kingfisher Trust 2004-1G


Balance Basis


Page 33


Australia And New Zealand Banking Group Ltd Australia And New Zealand Banking Group Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW38%

NT1%QLD

11%

SA9%

TAS1%

WA9%

ACT2%

VIC29%

Inner City1%

Metro70%

Non-Metro29%



90+ days 0.00% 0.00% 0.02% 0.02% 0.02% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00%Total 0.07% 0.06% 0.07% 0.02% 0.07% 0.08% 0.22% 0.09% 0.10% 0.06% 0.06% 0.20%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%

Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09Prepayment #N/A #N/A #N/A #N/A 0.00% 10.96% 10.73% 14.12% 11.79% 18.28% 17.45% 22.72%Repayment #N/A #N/A #N/A #N/A 0.00% 11.81% 11.58% 14.98% 12.62% 19.35% 18.65% 23.90%Prime SPPI 24.29% 24.16% 20.59% 23.88% 24.75% 24.07% 22.41% 23.51% 21.90% 22.24% 20.62% 22.80%


Australian Central Credit Union Ltd


Page 34

Value Outstanding

Additional CommentsBased in Adelaide, Australian Central Credit Union Ltd. is the largest credit union in South Australia and the second largest in Australia.

A$M 242.4407-Aug-07Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Aug

-07

Nov

-07

Feb-

08

May

-08

Aug

-08

Nov

-08

Feb-

09

May

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Australian Central Credit Union Ltd Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


Light Trust No. 1


Balance Basis


Page 35


Australian Central Credit Union Ltd Australian Central Credit Union Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR

Geographic DistributionNSW8%

NT8%

QLD0%

SA82%

VIC0%

ACT0%

WA2%

Inner City0%

Metro67%

Non-Metro33%



90+ days 1.74% 1.82% 2.05% 2.19% 2.23% 2.19% 2.32% 2.37% 2.49% 2.62% 3.06% 3.59%Total 3.90% 3.88% 3.88% 3.88% 4.22% 4.28% 4.75% 4.57% 5.37% 5.59% 5.87% 6.23%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Australian Mortgage Securities Ltd.


Page 116

Value Outstanding

Additional Comments•Australian Mortgage Securities Ltd. (AMS) was formerly ultimately owned by Australian Financial Investments Group Pty Ltd. Since 30 November 2004, AMS has been ultimately owned by General Electric Co.

•In June 2005 a data discrepancy was detected by GE Money which was due to a programming error. The programming error resulted in the "days in arrears" data reported to Standard & Poor's being understated.

•The increase in the prepayment and repayment rate for ARMS II Fund XIV at 30 Sep was due to the Class A2b call in August 2006 and subsequent sale of $187 million of loans

•When GE acquired AMS, their arrears were revised back to June 2004, reporting on a missed payments basis rather than a schedule balance basis.

•AMS has advised it has been and is currently reporting arrears on a scheduled balance basis. AMS manages payments on a missed payments basis.

•GE has advised that the high LTV ratio's on several transactions are correct due to large valuation reductions in subsequent valuations in comparison to when the loans were originated.

A$M 1,168.4709-Jun-95Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Jan-

96A

pr-9

6Ju

l-96

Oct

-96

Jan-

97A

pr-9

7Ju

l-97

Oct

-97

Jan-

98A

pr-9

8Ju

l-98

Oct

-98

Jan-

99A

pr-9

9Ju

l-99

Oct

-99

Jan-

00A

pr-0

0Ju

l-00

Oct

-00

Jan-

01A

pr-0

1Ju

l-01

Oct

-01

Jan-

02A

pr-0

2Ju

l-02

Oct

-02

Jan-

03A

pr-0

3Ju

l-03

Oct

-03

Jan-

04A

pr-0

4Ju

l-04

Oct

-04

Jan-

05A

pr-0

5Ju

l-05

Oct

-05

Jan-

06A

pr-0

6Ju

l-06

Oct

-06

Jan-

07A

pr-0

7Ju

l-07

Oct

-07

Jan-

08A

pr-0

8Ju

l-08

Oct

-08

Jan-

09A

pr-0

9



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Mar

-97

Jun-

97S

ep-9

7D

ec-9

7M

ar-9

8Ju

n-98

Sep

-98

Dec

-98

Mar

-99

Jun-

99S

ep-9

9D

ec-9

9M

ar-0

0Ju

n-00

Sep

-00

Dec

-00

Mar

-01

Jun-

01S

ep-0

1D

ec-0

1M

ar-0

2Ju

n-02

Sep

-02

Dec

-02

Mar

-03

Jun-

03S

ep-0

3D

ec-0

3M

ar-0

4Ju

n-04

Sep

-04

Dec

-04

Mar

-05

Jun-

05S

ep-0

5D

ec-0

5M

ar-0

6Ju

n-06

Sep

-06

Dec

-06

Mar

-07

Jun-

07S

ep-0

7D

ec-0

7M

ar-0

8Ju

n-08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Australian Mortgage Securities Ltd. Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


ARMS II Fund XV


Balance Basis


Page 37


Australian Mortgage Securities Ltd. Australian Mortgage Securities Ltd.

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW71%

QLD11%

SA1%

TAS1%

VIC13%

ACT1%

WA2%

Inner City1%

Metro77%

Non-Metro22%

OutlookNot Ranked


ARMS II Euro Fund VI


Balance Basis


Page 38



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW73%

NT0%

QLD11%

SA1%

TAS1%

ACT1%VIC

13%

Inner City1%

Metro82%

Non-Metro17%

OutlookNot Ranked


ARMS II Global Fund 2


Balance Basis


Page 39



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW75%

QLD8%

SA2%

TAS0%

VIC13%

ACT1%

WA1%

Inner City1%

Metro82%

Non-Metro17%

OutlookNot Ranked


ARMS II Global Fund 3


Balance Basis


Page 40



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

B-1(b) B-1(a) A-1(b) A-1(a) Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW74%

NT0%

QLD10%

SA1%

TAS1%

WA0%

ACT1%

VIC13%

Inner City1%

Metro80%

Non-Metro19%



90+ days 0.65% 0.64% 0.60% 0.49% 0.58% 0.65% 0.67% 0.78% 0.68% 0.49% 0.44% 0.44%Total 1.39% 1.15% 1.41% 1.39% 1.71% 1.94% 1.94% 1.94% 1.69% 1.38% 1.39% 1.35%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Bank of Queensland Ltd


Page 41

Value Outstanding

Additional Comments•Bank of Queensland Ltd. is one of the regional banks in Australia and is based in Queensland.

•The servicer for this transaction is Bank of Queensland, however administration, documentation and settlement of the loans is outsourced to EDS (Australia) Pty Ltd.

•The bank securitises prime residential mortgage loans under the REDS RMBS program.

•An error occurring post implementation of a new banking system at BOQ affected arrears in the latter half of 2004. Some scheduled direct debit electronic transfers did not occur resulting in some accounts falling into arrears.



0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Mar

-98

Jun-

98

Sep

-98

Dec

-98

Mar

-99

Jun-

99

Sep

-99

Dec

-99

Mar

-00

Jun-

00

Sep

-00

Dec

-00

Mar

-01

Jun-

01

Sep

-01

Dec

-01

Mar

-02

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Jun-

98

Sep

-98

Dec

-98

Mar

-99

Jun-

99

Sep

-99

Dec

-99

Mar

-00

Jun-

00

Sep

-00

Dec

-00

Mar

-01

Jun-

01

Sep

-01

Dec

-01

Mar

-02

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Bank of Queensland Ltd Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


Series 2003-2 REDS Trust


Balance Basis


Page 42


Bank of Queensland Ltd Bank of Queensland Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

B A-2 (Re-Issued) A-2 A-1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


QLD94%

VIC0%

ACT0%

Inner City0%

Metro63%

Non-Metro37%

OutlookNot Ranked




Balance Basis


Page 43



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

500.0

B A2 (Re-Issued) A2 A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


QLD80%

VIC1%

NSW19%

Inner City0%

Metro68%

Non-Metro32%

OutlookNot Ranked




Balance Basis


Page 44



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Feb-

05

Mar

-05

Apr

-05

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW24%

QLD75%

SA0%

VIC1%

ACT0%

Inner City1%

Metro65%

Non-Metro34%

OutlookNot Ranked




Balance Basis


Page 45



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

B A-1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


QLD88%

SA0%

VIC2%

NSW10%

Inner City1%

Metro59%

Non-Metro40%

OutlookNot Ranked


Series 2006-1E REDS Trust


Balance Basis


Page 46



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


QLD79%

SA0%

VIC8%

WA0%

ACT1%

Inner City1%

Metro57%

Non-Metro42%

OutlookNot Ranked


Series 2007-1E REDS Trust


Balance Basis


Page 47



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NT0%

QLD75%

SA0%

TAS0%

WA0%

ACT1%VIC

9%

Inner City1%

Metro57%

Non-Metro42%

OutlookNot Ranked




Balance Basis


Page 48



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NT0%

QLD73%

SA0%

TAS0%

WA1%

ACT1%VIC

9%

Inner City0%

Metro57%

Non-Metro43%

OutlookNot Ranked




Balance Basis


Page 49



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

B A2 A1 A-S Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NT0%

QLD74%

SA0%

TAS0%

WA2%

ACT1%VIC

10%

Inner City1%

Metro53%

Non-Metro46%



90+ days 0.63% 0.60% 0.62% 0.64% 0.63% 0.72% 0.70% 0.74% 0.74% 0.79% 0.79% 0.80%Total 1.78% 1.74% 1.88% 1.95% 1.80% 2.00% 1.88% 2.08% 1.94% 1.84% 1.84% 1.75%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Bank of Western Australia Ltd.


Page 50

Value Outstanding

Additional Comments•Bank of Western Australia Ltd. (Bankwest) is controlled by U.K.-based HBOS PLC (AA-/Negative/A-1+).

•Bankwest is one of the larger regional banks in Australia and is based in Western Australia.

•The bank securitises prime residential mortgage loans under the Swan RMBS program.

•In mid 2006 BankWest revised their arrears calculation methodology. The revision corrected the bucketing of some loans in arrears that were being overstated.

•The revision in arrears with the issuance of Series 2006-1E SWAN Trust, which has the affect of diluting the weighted average issuer statistics, has caused the significant drop in the BankWest vs. Prime SPIN chart.

•The spike in prepayment and reapyemnt rate for Series 2002-1E SWAn Trust was a result of the notes being redeemed.



0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Feb-

00

May

-00

Aug

-00

Nov

-00

Feb-

01

May

-01

Aug

-01

Nov

-01

Feb-

02

May

-02

Aug

-02

Nov

-02

Feb-

03

May

-03

Aug

-03

Nov

-03

Feb-

04

May

-04

Aug

-04

Nov

-04

Feb-

05

May

-05

Aug

-05

Nov

-05

Feb-

06

May

-06

Aug

-06

Nov

-06

Feb-

07

May

-07

Aug

-07

Nov

-07

Feb-

08

May

-08

Aug

-08

Nov

-08

Feb-

09

May

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Jun-

00

Sep

-00

Dec

-00

Mar

-01

Jun-

01

Sep

-01

Dec

-01

Mar

-02

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Bank of Western Australia Ltd. Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


Series 2002-1E SWAN Trust


Balance Basis


Page 51


Bank of Western Australia Ltd. Bank of Western Australia Ltd.

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Sep

-02

Nov

-02

Jan-

03

Mar

-03

May

-03

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

2

Sep

-02

Nov

-02

Jan-

03

Mar

-03

May

-03

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW28%

QLD4%

SA6%

VIC15%

WA47%

ACT0%

Inner City0%

Metro89%

Non-Metro11%

OutlookNot Ranked




Balance Basis


Page 52



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0

4,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0

4,000.0

B A-3 A-2 A-1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW29%

QLD5%

SA4%

VIC16%

WA45%

ACT1%

Inner City1%

Metro83%

Non-Metro16%

OutlookNot Ranked




Balance Basis


Page 53



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0

4,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0

4,000.0

B A4 A3 A2 A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW25%

NT0%

QLD9%

SA3%

TAS1%

WA41%

ACT1%

VIC20%

Inner City1%

Metro77%

Non-Metro22%



90+ days 0.00% 0.03% 0.02% 0.00% 0.11% 0.18% 0.07% 0.13% 0.10% 0.06% 0.14% 0.15%Total 0.16% 0.17% 0.21% 0.30% 0.34% 0.39% 0.43% 0.54% 0.32% 0.29% 0.41% 0.56%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Bendigo and Adelaide Bank Ltd.


Page 54

Value Outstanding

Additional Comments•Bendigo and Adelaide Bank Ltd. is a regional bank based in Victoria.

•The bank has securitised prime residential mortgage loans originated by the bank, its subsidiaries, and other acquired entities under the Banksia RMBS program.

•Bendigo and Adelaide Bank Ltd. was formally known as Bendigo Bank Ltd.

A$M 1,286.2230-Apr-98Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Apr

-98

Jul-9

8

Oct

-98

Jan-

99

Apr

-99

Jul-9

9

Oct

-99

Jan-

00

Apr

-00

Jul-0

0

Oct

-00

Jan-

01

Apr

-01

Jul-0

1

Oct

-01

Jan-

02

Apr

-02

Jul-0

2

Oct

-02

Jan-

03

Apr

-03

Jul-0

3

Oct

-03

Jan-

04

Apr

-04

Jul-0

4

Oct

-04

Jan-

05

Apr

-05

Jul-0

5

Oct

-05

Jan-

06

Apr

-06

Jul-0

6

Oct

-06

Jan-

07

Apr

-07

Jul-0

7

Oct

-07

Jan-

08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Sep

-98

Dec

-98

Mar

-99

Jun-

99

Sep

-99

Dec

-99

Mar

-00

Jun-

00

Sep

-00

Dec

-00

Mar

-01

Jun-

01

Sep

-01

Dec

-01

Mar

-02

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Bendigo and Adelaide Bank Ltd. Prepayment & Repayment Rates vs Prime SPPI

OutlookStable




Balance Basis


Page 55


Bendigo and Adelaide Bank Ltd. Adelaide Bank Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW32%

NT0%

QLD14%

SA25%

TAS0%

WA10%

ACT2%

VIC17%

Inner City1%

Metro82%

Non-Metro17%

OutlookNot Ranked


TORRENS Series 2008-2 (W) Trust


Balance Basis


Page 56


Bendigo and Adelaide Bank Ltd. 0

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

B AB A Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NT1%

QLD20%

SA35%

TAS0%

WA9%

ACT1%

VIC18%

Inner City1%

Metro76%

Non-Metro23%

OutlookNot Ranked




Balance Basis


Page 57


Bendigo and Adelaide Bank Ltd. Bendigo and Adelaide Bank Ltd.

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NT0%

QLD22%

SA2%

TAS0%

WA5%

ACT2%

VIC61%

Inner City0%

Metro35%

Non-Metro65%



90+ days 1.87% 2.48% 2.57% 2.36% 3.05% 2.63% 1.48% 1.47% 2.28% 2.07% 1.40% 1.31%Total 3.14% 3.01% 4.05% 3.37% 3.62% 3.60% 2.42% 2.70% 2.78% 2.55% 1.79% 1.59%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%

Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09Prepayment #N/A #N/A #N/A #N/A #N/A 12.80% 18.63% 22.81% 20.47% 24.38% 29.23% 28.03%Repayment #N/A #N/A #N/A #N/A #N/A 13.36% 18.78% 22.90% 20.57% 24.50% 29.40% 28.24%Prime SPPI 24.29% 24.16% 20.59% 23.88% 24.75% 24.07% 22.41% 23.51% 21.90% 22.24% 20.62% 22.80%


Calibre Financial Services Pty Ltd


Page 58

Value Outstanding

Additional CommentsCalibre began its operations in July 2005 with core business focus on prime residential loan origination and servicing in the wholesale mortgage market.

A$M 132.1623-Oct-07Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Oct

-07

Jan-

08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Calibre Financial Services Pty Ltd Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


Calibre Fund No. 1


Balance Basis


Page 59


Calibre Financial Services Pty Ltd Calibre Financial Services Pty Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW40%

NT0%QLD

23%

SA1%

TAS2%

WA1%

ACT1%

VIC32% Inner City

2%

Metro69%

Non-Metro29%



90+ days 1.11% 1.25% 1.24% 1.28% 1.40% 1.54% 1.69% 1.56% 1.59% 1.42% 1.31% 1.20%Total 2.68% 2.96% 2.76% 3.10% 3.14% 3.07% 3.28% 2.95% 2.94% 2.78% 2.45% 2.28%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Challenger Mortgage Management Pty Limited


Page 60

Value Outstanding

Additional Comments•Challenger Mortgage Management Pty. Ltd. is one of the largest non-bank lenders in Australia.

•Challenger is a wholly owned subsidiary of the Challenger Financial Services Group.

•Challenger originates and funds new prime residential mortgage loans under the Challenger Millennium RMBS program (formerly known as the Interstar Millenium RMBS program)

•Challenger Mortgage Management Pty. Ltd. was previously known as Interstar Wholesale Finance Pty. Ltd. The entity was renamed in November 2006.



0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Jan-

96A

pr-9

6Ju

l-96

Oct

-96

Jan-

97A

pr-9

7Ju

l-97

Oct

-97

Jan-

98A

pr-9

8Ju

l-98

Oct

-98

Jan-

99A

pr-9

9Ju

l-99

Oct

-99

Jan-

00A

pr-0

0Ju

l-00

Oct

-00

Jan-

01A

pr-0

1Ju

l-01

Oct

-01

Jan-

02A

pr-0

2Ju

l-02

Oct

-02

Jan-

03A

pr-0

3Ju

l-03

Oct

-03

Jan-

04A

pr-0

4Ju

l-04

Oct

-04

Jan-

05A

pr-0

5Ju

l-05

Oct

-05

Jan-

06A

pr-0

6Ju

l-06

Oct

-06

Jan-

07A

pr-0

7Ju

l-07

Oct

-07

Jan-

08A

pr-0

8Ju

l-08

Oct

-08

Jan-

09A

pr-0

9



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Mar

-00

Jun-

00

Sep

-00

Dec

-00

Mar

-01

Jun-

01

Sep

-01

Dec

-01

Mar

-02

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Challenger Mortgage Management Pty Limited Prepayment & Repayment Rates vs Prime SPPI

OutlookStable


Interstar Millennium Series 2002-1G Trust

Arrears Reportedon a Missed

Payment Basis


Page 61


Challenger Mortgage Management Pty Limited Challenger Mortgage Management Pty Limited

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Aug

-02

Oct

-02

Dec

-02

Feb-

03

Apr

-03

Jun-

03

Aug

-03

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

2

Sep

-02

Nov

-02

Jan-

03

Mar

-03

May

-03

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

B A2 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW67%

NT0%

QLD9%

SA5%

TAS0%

WA1%

ACT1%

VIC17%

Inner City1%

Metro82%

Non-Metro17%

OutlookStable




Payment Basis


Page 62



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

B2 B1 A3 A2 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW57%

NT0%

QLD15%

SA7%

VIC18%

ACT1%

WA2%

Inner City1%

Metro76%

Non-Metro23%

OutlookStable


Interstar Millennium Series 2004-1E Trust


Payment Basis


Page 63



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0

B AB A2 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW60%

NT0%

QLD11%

SA6%

TAS0%

WA2%

ACT2%

VIC19%

Inner City1%

Metro79%

Non-Metro20%

OutlookStable




Payment Basis


Page 64



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW57%

NT0%

QLD11%

SA8%

VIC20%

ACT1%

WA3%

Inner City2%

Metro77%

Non-Metro21%

OutlookStable




Payment Basis


Page 65



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

B AB A2 A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW55%

QLD13%

SA7%

TAS0%

VIC20%

ACT2%

WA3%

Inner City1%

Metro77%

Non-Metro22%

OutlookStable


Interstar Millennium Series 2004-5 Trust


Payment Basis


Page 66



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

B AB A2-2 (Re-Issued) A2-1 A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW47%

NT0%

QLD15%

SA7%

TAS2%

WA4%

ACT3%

VIC22%

Inner City1%

Metro75%

Non-Metro24%

OutlookStable




Payment Basis


Page 67



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW49%

NT0%

QLD16%

SA8%

TAS0%

WA3%

ACT2%

VIC22%

Inner City1%

Metro77%

Non-Metro22%

OutlookStable


Interstar Millennium Series 2005-2L Trust


Payment Basis


Page 68



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW36%

NT0%

QLD21%

SA9%

TAS0%

WA8%

ACT1%

VIC25%

Inner City0%

Metro70%

Non-Metro30%

OutlookStable




Payment Basis


Page 69



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW50%

NT0%

QLD12%

SA8%

TAS0%

WA5%

ACT1%

VIC24%

Inner City2%

Metro77%

Non-Metro21%

OutlookStable


Interstar Millennium Series 2006-1 Trust


Payment Basis


Page 70



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW45%

NT0%

QLD13%

SA10%

TAS0%

WA7%

ACT1%

VIC24%

Inner City1%

Metro78%

Non-Metro21%

OutlookStable




Payment Basis


Page 71



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

B AB A-2 A-1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW44%

NT0%

QLD15%

SA8%

TAS0%

WA7%

ACT2%

VIC24%

Inner City1%

Metro77%

Non-Metro22%

OutlookStable


Interstar Millennium Series 2006-3L Trust


Payment Basis


Page 72



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW23%

NT0%

QLD23%

SA11%

TAS1%

WA20%

ACT1%

VIC21%

Inner City1%

Metro70%

Non-Metro29%

OutlookStable


Interstar Millennium Series 2006-4H Trust


Payment Basis


Page 73



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW41%

NT0%QLD

23%

SA8%

TAS1%

WA6%

ACT1%

VIC20% Inner City

0%

Metro79%

Non-Metro21%

OutlookStable


Challenger Millennium Series 2007-1E Trust


Payment Basis


Page 74



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

B AB A2b A2a A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW42%

NT0%QLD

15%

SA9%

TAS1%

WA9%

ACT1%

VIC23%

Inner City1%

Metro76%

Non-Metro23%

OutlookStable


Challenger Millennium Series 2007-2L Trust


Payment Basis


Page 75



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW23%

NT0%

QLD24%

SA8%

TAS1%

WA24%

ACT1%

VIC19%

Inner City2%

Metro71%

Non-Metro27%

OutlookStable


Challenger Millennium Series 2008-1 Trust


Payment Basis


Page 76



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

500.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW37%

NT0%QLD

15%

SA9%

TAS1%

WA9%

ACT3%

VIC26%

Inner City2%

Metro74%

Non-Metro24%

OutlookStable




Payment Basis


Page 77



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW37%

NT0%QLD

16%

SA11%

TAS1%

WA8%

ACT2%

VIC25%

Inner City1%

Metro77%

Non-Metro22%

OutlookStable




Payment Basis


Page 78



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

B AB A4 A3 A2 A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW39%

NT0%QLD

18%

SA11%

TAS1%

WA7%

ACT2%

VIC22%

Inner City1%

Metro79%

Non-Metro20%



90+ days 0.24% 0.23% 0.23% 0.22% 0.29% 0.32% 0.44% 0.42% 0.45% 0.42% 0.38% 0.28%Total 1.16% 1.38% 1.02% 1.32% 1.40% 1.72% 2.15% 1.44% 1.34% 1.21% 0.98% 0.67%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Citigroup Pty Limited


Page 79

Value Outstanding

Additional Comments•Citigroup Pty. Ltd. (Citigroup) is wholly owned by U.S.-based Citigroup Inc (AA-/Negative/A-1+) and headquartered in New South Wales.

•Citigroup has securitised prime residential mortgage loans under the Securitised Australian Mortgage (SAM) RMBS program and the Compass Master Trust.

•Compass Master Trust is a special-purpose master trust, established to issue multiple series of notes to fund the purchase of Mortgage Power accounts originated and serviced by Citigroup.

A$M 3,561.1531-Dec-95Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Jan-

96A

pr-9

6Ju

l-96

Oct

-96

Jan-

97A

pr-9

7Ju

l-97

Oct

-97

Jan-

98A

pr-9

8Ju

l-98

Oct

-98

Jan-

99A

pr-9

9Ju

l-99

Oct

-99

Jan-

00A

pr-0

0Ju

l-00

Oct

-00

Jan-

01A

pr-0

1Ju

l-01

Oct

-01

Jan-

02A

pr-0

2Ju

l-02

Oct

-02

Jan-

03A

pr-0

3Ju

l-03

Oct

-03

Jan-

04A

pr-0

4Ju

l-04

Oct

-04

Jan-

05A

pr-0

5Ju

l-05

Oct

-05

Jan-

06A

pr-0

6Ju

l-06

Oct

-06

Jan-

07A

pr-0

7Ju

l-07

Oct

-07

Jan-

08A

pr-0

8Ju

l-08

Oct

-08

Jan-

09A

pr-0

9



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Sep

-96

Dec

-96

Mar

-97

Jun-

97S

ep-9

7D

ec-9

7M

ar-9

8Ju

n-98

Sep

-98

Dec

-98

Mar

-99

Jun-

99S

ep-9

9D

ec-9

9M

ar-0

0Ju

n-00

Sep

-00

Dec

-00

Mar

-01

Jun-

01S

ep-0

1D

ec-0

1M

ar-0

2Ju

n-02

Sep

-02

Dec

-02

Mar

-03

Jun-

03S

ep-0

3D

ec-0

3M

ar-0

4Ju

n-04

Sep

-04

Dec

-04

Mar

-05

Jun-

05S

ep-0

5D

ec-0

5M

ar-0

6Ju

n-06

Sep

-06

Dec

-06

Mar

-07

Jun-

07S

ep-0

7D

ec-0

7M

ar-0

8Ju

n-08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Citigroup Pty Limited Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


Compass Master Trust


Payment Basis


Page 80


Citigroup Pty Limited Citigroup Pty Limited

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

99

Sep

-99

Dec

-99

Mar

-00

Jun-

00

Sep

-00

Dec

-00

Mar

-01

Jun-

01

Sep

-01

Dec

-01

Mar

-02

Jun-

02




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-99

May

-99

Jul-9

9S

ep-9

9N

ov-9

9Ja

n-00

Mar

-00

May

-00

Jul-0

0S

ep-0

0N

ov-0

0Ja

n-01

Mar

-01

May

-01

Jul-0

1S

ep-0

1N

ov-0

1Ja

n-02

Mar

-02

May

-02

Jul-0

2S

ep-0

2N

ov-0

2Ja

n-03

Mar

-03

May

-03

Jul-0

3S

ep-0

3N

ov-0

3Ja

n-04

Mar

-04

May

-04

Jul-0

4S

ep-0

4N

ov-0

4Ja

n-05

Mar

-05

May

-05

Jul-0

5S

ep-0

5N

ov-0

5Ja

n-06

Mar

-06

May

-06

Jul-0

6S

ep-0

6N

ov-0

6Ja

n-07

Mar

-07

May

-07

Jul-0

7S

ep-0

7N

ov-0

7Ja

n-08

Mar

-08

May

-08

Jul-0

8S

ep-0

8N

ov-0

8Ja

n-09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jan-

02

Mar

-02

May

-02

Jul-0

2

Sep

-02

Nov

-02

Jan-

03

Mar

-03

May

-03

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW36%

NT1%QLD

21%

SA6%

TAS1%

WA8%

ACT3%

VIC24%

Inner City1%

Metro74%

Non-Metro25%

OutlookNot Ranked


Securitised Australian Mortgage Trust 2003-1


Payment Basis


Page 81



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

03

Aug

-03

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW64%

QLD12%

SA1%

VIC14%

WA8%

ACT1%

Inner City1%

Metro89%

Non-Metro10%

OutlookNot Ranked




Payment Basis


Page 82



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW56%

QLD14%

SA5%

TAS0%

VIC17%

ACT2%

WA6%

Inner City1%

Metro76%

Non-Metro23%

OutlookNot Ranked




Payment Basis


Page 83



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW63%

NT0%

QLD14%

SA2%

TAS0%

WA6%

ACT1%

VIC14%

Inner City3%

Metro81%

Non-Metro16%

OutlookNot Ranked




Payment Basis


Page 84



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW53%

NT0%

QLD14%

SA3%

TAS0%

WA10%

ACT2%

VIC18%

Inner City1%

Metro80%

Non-Metro19%

OutlookNot Ranked




Payment Basis


Page 85


Citigroup Pty Limited 0

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

A Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW38%

NT0%

QLD23%

SA4%

TAS0%

WA9%

ACT2%

VIC24%

Inner City0%

Metro75%

Non-Metro25%

OutlookNot Ranked




Payment Basis


Page 86



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW55%

NT0%

QLD14%

SA4%

TAS0%

WA7%

ACT1%

VIC19% Inner City

2%

Metro82%

Non-Metro16%



90+ days 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 0.20% 0.00% 0.00% 0.00% 0.00% 0.27%Total 0.29% 1.00% 1.05% 1.19% 1.43% 1.57% 2.50% 1.50% 1.72% 1.15% 1.33% 1.69%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%

Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09Prepayment #N/A #N/A #N/A #N/A #N/A 0.00% 24.44% 18.64% 15.41% 30.67% 26.68% 26.59%Repayment #N/A #N/A #N/A #N/A #N/A 0.00% 26.22% 18.86% 15.64% 30.83% 26.88% 26.81%Prime SPPI 24.29% 24.16% 20.59% 23.88% 24.75% 24.07% 22.41% 23.51% 21.90% 22.24% 20.62% 22.80%


Columbus Capital Pty Limited


Page 87

Value Outstanding

Additional Comments•Columbus Capital Pty Ltd. (Australia) is a wholesale mortgage business which commenced operations in October 2006.

•The strategy of Columbus Capital is to focus on dealing with a limited number of mortgage originators, selected from its managers' collective prior business associations, and trusted industry referrals.

A$M 329.7908-Nov-07Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Jul-0

8

Oct

-08

Jan-

09

Apr

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Columbus Capital Pty Limited Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


Nautilus Trust No. 1 Series 2008-1


Balance Basis


Page 88


Columbus Capital Pty Limited Columbus Capital Pty Limited

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW40%

NT0%

QLD38%

SA3%

TAS0%

WA5%

ACT1%

VIC13%

Inner City1%

Metro66%

Non-Metro33%



90+ days 0.25% 0.25% 0.27% 0.29% 0.27% 0.26% 0.30% 0.36% 0.36% 0.34% 0.34% 0.39%Total 0.81% 0.83% 0.82% 0.81% 0.91% 0.91% 1.04% 1.07% 1.10% 1.07% 1.03% 1.09%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Commonwealth Bank Of Australia Ltd


Page 89

Value Outstanding

Additional Comments•Commonwealth Bank of Australia (CBA) is one of the four major banks in Australia.

•CBA securitises prime residential mortgage loans through the Medallion RMBS program.



0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Oct

-97

Jan-

98

Apr

-98

Jul-9

8

Oct

-98

Jan-

99

Apr

-99

Jul-9

9

Oct

-99

Jan-

00

Apr

-00

Jul-0

0

Oct

-00

Jan-

01

Apr

-01

Jul-0

1

Oct

-01

Jan-

02

Apr

-02

Jul-0

2

Oct

-02

Jan-

03

Apr

-03

Jul-0

3

Oct

-03

Jan-

04

Apr

-04

Jul-0

4

Oct

-04

Jan-

05

Apr

-05

Jul-0

5

Oct

-05

Jan-

06

Apr

-06

Jul-0

6

Oct

-06

Jan-

07

Apr

-07

Jul-0

7

Oct

-07

Jan-

08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Mar

-99

Jun-

99

Sep

-99

Dec

-99

Mar

-00

Jun-

00

Sep

-00

Dec

-00

Mar

-01

Jun-

01

Sep

-01

Dec

-01

Mar

-02

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Commonwealth Bank Of Australia Ltd Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


Medallion Trust Series 2003-1G


Balance Basis


Page 90


Commonwealth Bank Of Australia Ltd Commonwealth Bank Of Australia Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-03

May

-03

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-03

May

-03

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW40%

NT1%QLD

15%

SA4%

TAS0%

WA10%

ACT2%

VIC28%

Inner City2%

Metro73%

Non-Metro25%

OutlookNot Ranked




Balance Basis


Page 91



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0

4,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW55%

NT0%

QLD9%

SA3%

TAS1%

WA5%

ACT3%

VIC24%

Inner City2%

Metro70%

Non-Metro28%

OutlookNot Ranked




Balance Basis


Page 92



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0

4,000.0

4,500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Feb-

05

Mar

-05

Apr

-05

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0

4,000.0

4,500.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW33%

NT0%

QLD19%

SA6%

TAS2%

WA12%

ACT1%

VIC27%

Inner City1%

Metro72%

Non-Metro27%

OutlookNot Ranked




Balance Basis


Page 93



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW32%

NT0%

QLD19%

SA6%

TAS2%

WA11%

ACT1%

VIC29%

Inner City2%

Metro72%

Non-Metro26%

OutlookNot Ranked




Balance Basis


Page 94



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

1,000.0

2,000.0

3,000.0

4,000.0

5,000.0

6,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

1,000.0

2,000.0

3,000.0

4,000.0

5,000.0

6,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW32%

NT0%

QLD20%

SA9%

TAS0%

WA13%

ACT2%

VIC24%

Inner City2%

Metro70%

Non-Metro28%

OutlookNot Ranked




Balance Basis


Page 95



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

1,000.0

2,000.0

3,000.0

4,000.0

5,000.0

6,000.0

7,000.0

8,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

1,000.0

2,000.0

3,000.0

4,000.0

5,000.0

6,000.0

7,000.0

8,000.0

B A-4 A-3 A-2 A-1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW38%

NT1%QLD

15%

SA6%

TAS2%

WA10%

ACT2%

VIC26%

Inner City1%

Metro69%

Non-Metro30%



90+ days 0.18% 0.18% 0.30% 0.30% 0.31% 0.32% 0.32% 0.33% 0.34% 0.42% 0.25% 0.16%Total 0.55% 0.48% 0.49% 0.50% 0.62% 0.57% 0.57% 0.46% 0.60% 0.70% 0.43% 0.35%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%

Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09Prepayment #N/A #N/A #N/A 18.16% 16.92% 23.80% 27.03% 22.08% 19.75% 16.43% 13.35% 20.88%Repayment #N/A #N/A #N/A 26.04% 24.99% 31.42% 33.94% 30.51% 29.64% 23.71% 21.94% 28.07%Prime SPPI 24.29% 24.16% 20.59% 23.88% 24.75% 24.07% 22.41% 23.51% 21.90% 22.24% 20.62% 22.80%


Connect Credit Union of Tasmania/Queenslanders Credit Union


Page 96

Value Outstanding

Additional Comments•Connect Credit Union of Tasmania Ltd. is the largest credit union in Tasmania

•Queenslanders Credit Union Ltd. Is the fifth largest credit union in Queensland

•Connect Credit Union of Tasmania Ltd. and Queenslanders Credit Union Ltd. are servicers for the Conquest 2007-1 Trust program.

A$M 192.1120-Feb-07Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Feb-

07

May

-07

Aug

-07

Nov

-07

Feb-

08

May

-08

Aug

-08

Nov

-08

Feb-

09

May

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Connect Credit Union of Tasmania/Queenslanders Credit Union Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


ConQuest 2007-1 Trust


Balance Basis


Page 97


Connect Credit Union of Tasmania/Queenslanders Credit Union Connect/Queenslanders

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


QLD19%

SA0%

TAS75%

VIC2%

WA0%

NSW4%

Inner City3%

Metro53%

Non-Metro44%



90+ days 0.02% 0.02% 0.00% 0.01% 0.05% 0.06% 0.06% 0.06% 0.04% 0.06% 0.11% 0.10%Total 0.28% 0.33% 0.33% 0.28% 0.19% 0.34% 0.41% 0.34% 0.26% 0.27% 0.46% 0.39%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Credit Union Australia Ltd


Page 98

Value Outstanding

Additional Comments•Credit Union Australian Ltd is one of the largest credit unions in Australia and is based in Queensland.

•CUA securitises prime residential mortgage loans under the Harvey RMBS program.

A$M 1,658.1312-Sep-02Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Credit Union Australia Ltd Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


Series 2003-1 Harvey Trust


Balance Basis


Page 99


Credit Union Australia Ltd Credit Union Australia Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


QLD77%

SA1%

VIC14%

WA0%

ACT0%

Inner City1%

Metro61%

Non-Metro38%

OutlookNot Ranked




Balance Basis


Page 100



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW27%

NT0%

QLD61%

TAS0%

VIC11%

ACT1%

WA0%

Inner City1%

Metro73%

Non-Metro26%

OutlookNot Ranked




Balance Basis


Page 101



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW24%

QLD66%

SA0%

TAS0%

VIC10%

ACT0%

WA0%

Metro69%

Non-Metro31%

OutlookNot Ranked




Balance Basis


Page 102



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW24%

NT0%

QLD60%

SA0%

TAS0%

WA0%

ACT1%

VIC15%

Inner City0%

Metro70%

Non-Metro30%

OutlookNot Ranked




Balance Basis


Page 103



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW22%

NT0%

QLD62%

SA0%

TAS0%

WA1%

ACT0%

VIC15%

Inner City0%

Metro65%

Non-Metro35%

OutlookNot Ranked




Balance Basis


Page 104



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

B A-S A-2 A-1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW30%

QLD47%

SA0%

TAS0%

VIC20%

ACT1%

WA2%

Inner City0%

Metro67%

Non-Metro33%



90+ days 0.63% 0.65% 1.00% 0.70% 0.73% 1.52% 1.53% 1.14% 0.86% 0.38% 0.40% 0.80%Total 2.27% 3.19% 1.63% 1.60% 2.55% 2.09% 1.82% 1.44% 2.07% 1.94% 0.77% 1.21%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%

Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09Prepayment #N/A 26.04% 20.98% 21.69% 24.65% 37.82% 46.01% 44.73% 41.73% 35.35% 40.34% 40.87%Repayment #N/A 26.73% 21.78% 22.47% 25.44% 38.32% 46.49% 45.27% 42.36% 35.97% 41.29% 41.67%Prime SPPI 24.29% 24.16% 20.59% 23.88% 24.75% 24.07% 22.41% 23.51% 21.90% 22.24% 20.62% 22.80%


First Permanent Securities Ltd.


Page 105

Value Outstanding

Additional Comments•First Permanent Securities Ltd. is a subsidiary of Merill Lynch.

•First Permanent Securities Ltd. underwrites, funds, and securitizes high loan-to-value ratio (HLTV) residential mortgage loans referred by Devine Homes under the First Permanent Securities HLTV RMBS program.

A$M 60.9319-Dec-01Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Jan-

02

Apr

-02

Jul-0

2

Oct

-02

Jan-

03

Apr

-03

Jul-0

3

Oct

-03

Jan-

04

Apr

-04

Jul-0

4

Oct

-04

Jan-

05

Apr

-05

Jul-0

5

Oct

-05

Jan-

06

Apr

-06

Jul-0

6

Oct

-06

Jan-

07

Apr

-07

Jul-0

7

Oct

-07

Jan-

08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


First Permanent Securities Ltd. Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


First Permanent Super Prime RMBS Trust 2006-1


Payment Basis


Page 106


First Permanent Securities Ltd. AMM Holdings Pty Limited

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

F E D C B A Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


QLD13%

SA4%

VIC61%

NSW22%

Inner City1%

Metro88%

Non-Metro11%



90+ days 0.78% 1.05% 1.25% 1.18% 1.04% 1.10% 1.16% 0.98% 0.85% 0.80% 0.72% 0.52%Total 2.45% 2.57% 2.64% 2.84% 2.48% 2.47% 2.31% 1.74% 1.58% 1.34% 1.08% 0.80%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



FirstMac Limited


Page 107

Value Outstanding

Additional Comments•First Mortgage Company Pty Ltd. (First Mortgage) is a wholly owned subsidiary of Nationale Ltd., a privately held company that originates and services prime residential mortgage loans.

•First Mortgage performs the treasury responsibilities for the Firstmac RMBS bond program.

•Prime residential mortgage loans are sourced through a third-party referral network.

•From December 2005, FirstMac Ltd. has been redesignating some loans in arrears out of their publicly rated trusts. Therefore the issuer vs. SPIN graph for FirstMac Ltd may not reflect the likely performance of their future RMBS transactions.

•For the quarter ended March 2007, a negative repayment and prepayment rate was recorded due to large amounts of redraws and further advances in one of the FirstMac programs.

•Previous versions of Australian RMBS Performance Watch incorrectly reported two FirstMac trusts, FirstMac Mortgage Funding Trust Series 1-2008 and FirstMac Mortgage Funding Trust Series 2-2008, under another issuer. This has now been corrected.

A$M 3,976.6730-Sep-03Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Oct

-03

Jan-

04

Apr

-04

Jul-0

4

Oct

-04

Jan-

05

Apr

-05

Jul-0

5

Oct

-05

Jan-

06

Apr

-06

Jul-0

6

Oct

-06

Jan-

07

Apr

-07

Jul-0

7

Oct

-07

Jan-

08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


FirstMac Limited Prepayment & Repayment Rates vs Prime SPPI

OutlookStable


FirstMac Bond Series 2-2004 Trust


Balance Basis


Page 108

Above AverageServicer RankingOriginator Servicer

FirstMac Limited FirstMac Limited

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

B A2-2 Reissue A2-2 A2-1 A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW54%

NT0%

QLD19%

SA15%

TAS0%

WA1%

ACT1%VIC

10%

Inner City1%

Metro77%

Non-Metro22%

OutlookStable




Balance Basis


Page 109



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-05

Apr

-05

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

B AB A1-2 A1-1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW45%

QLD28%

SA7%

TAS1%

VIC13%

ACT2%

WA4%

Inner City0%

Metro62%

Non-Metro38%

OutlookStable




Balance Basis


Page 110



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

B AB A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW51%

NT0%

QLD23%

SA14%

TAS0%

WA2%

ACT1%VIC

9%

Inner City1%

Metro75%

Non-Metro24%

OutlookStable




Balance Basis


Page 111



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

500.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW20%

NT0%

QLD42%

SA8%

TAS0%

WA9%

ACT2%

VIC19%

Inner City0%

Metro58%

Non-Metro42%

OutlookStable


FirstMac Bond Series 1E-2006 Trust


Balance Basis


Page 112



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW32%

NT1%

QLD32%

SA21%

TAS0%

WA2%

ACT1%

VIC11%

Inner City1%

Metro70%

Non-Metro29%

OutlookStable


FirstMac Bond Series 1C-2006 Trust


Balance Basis


Page 113



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0



-20.0%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

F E D C B A Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NT1%

QLD48%

SA12%

TAS1%

WA9%

ACT1%

VIC12%

Inner City0%

Metro68%

Non-Metro32%

OutlookStable


FirstMac Mortgage Funding Trust Series 1-2007


Balance Basis


Page 114



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW22%

NT0%

QLD38%

SA10%

TAS1%

WA12%

ACT2%

VIC15%

Inner City1%

Metro58%

Non-Metro41%

OutlookStable


FirstMac Mortgage Funding Trust Series 1E-2007


Balance Basis


Page 115



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW46%

NT0%

QLD15%

SA7%

TAS0%

WA13%

ACT1%

VIC18%

Inner City3%

Metro81%

Non-Metro16%

OutlookStable




Balance Basis


Page 116



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

180.0

200.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

180.0

200.0

C B AB A Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW42%

QLD19%

SA7%

TAS0%

VIC23%

ACT1%WA

8%

Inner City3%

Metro76%

Non-Metro21%

OutlookStable




Balance Basis


Page 117



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

B-2 B-1 AB A-2 A-1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW25%

NT0%

QLD29%

SA20%

TAS0%

WA8%

ACT1%

VIC17% Inner City

1%

Metro74%

Non-Metro25%

OutlookStable




Balance Basis


Page 118



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

30/0

6/20

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

B-2 B-1 AB A-3 A-2 A-1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


-20.0%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW30%

NT0%

QLD30%

SA14%

TAS1%

WA6%

ACT3%

VIC16%

Inner City1%

Metro68%

Non-Metro31%



90+ days 0.47% 0.37% 0.38% 0.35% 0.45% 0.36% 0.35% 0.50% 0.24% 0.18% 0.18% 0.19%Total 1.27% 1.11% 0.86% 0.68% 0.96% 0.85% 1.04% 1.14% 0.69% 0.60% 0.56% 0.51%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Greater Building Society Ltd.


Page 119

Value Outstanding

Additional Comments•Greater Building Society Ltd. is a building society based in regional New South Wales.

•Greater securitises prime residential mortgage loans under the GBS Receivables RMBS program.

A$M 356.1607-Feb-03Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Feb-

03

May

-03

Aug

-03

Nov

-03

Feb-

04

May

-04

Aug

-04

Nov

-04

Feb-

05

May

-05

Aug

-05

Nov

-05

Feb-

06

May

-06

Aug

-06

Nov

-06

Feb-

07

May

-07

Aug

-07

Nov

-07

Feb-

08

May

-08

Aug

-08

Nov

-08

Feb-

09

May

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Greater Building Society Ltd. Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


GBS Receivables Trust No. 2


Balance Basis


Page 120


Greater Building Society Ltd. Greater Building Society Ltd.

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

B A3 (Re-Issued) A3 A2 A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR

Geographic DistributionQLD0%

NSW100%

Metro7%

Non-Metro93%

OutlookNot Ranked


GBS Receivables Trust No. 3


Balance Basis


Page 121


Greater Building Society Ltd. Greater Building Society Ltd.

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Apr

-05

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR

Geographic DistributionQLD2%

NSW98%

Metro4%

Non-Metro96%



90+ days 0.11% 0.11% 0.11% 0.09% 0.05% 0.06% 0.09% 0.08% 0.09% 0.10% 0.15% 0.14%Total 0.47% 0.37% 0.23% 0.34% 0.33% 0.35% 0.49% 0.54% 0.46% 0.52% 0.58% 0.39%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Heritage Building Society Ltd


Page 122

Value Outstanding

Additional Comments•Heritage Building Society Ltd. is based in regional Queensland and is the largest building society in Australia by assets under management.

•Heritage securitises prime residential mortgage loans under the HBS RMBS program including a rated warehouse, HBS Trust No.1.



0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Jul-0

0

Oct

-00

Jan-

01

Apr

-01

Jul-0

1

Oct

-01

Jan-

02

Apr

-02

Jul-0

2

Oct

-02

Jan-

03

Apr

-03

Jul-0

3

Oct

-03

Jan-

04

Apr

-04

Jul-0

4

Oct

-04

Jan-

05

Apr

-05

Jul-0

5

Oct

-05

Jan-

06

Apr

-06

Jul-0

6

Oct

-06

Jan-

07

Apr

-07

Jul-0

7

Oct

-07

Jan-

08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Jun-

01

Sep

-01

Dec

-01

Mar

-02

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Heritage Building Society Ltd Prepayment & Repayment Rates vs Prime SPPI

OutlookStable


HBS Trust 2002-2


Balance Basis


Page 123


Heritage Building Society Ltd Heritage Building Society Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-02

Dec

-02

Feb-

03

Apr

-03

Jun-

03

Aug

-03

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-02

Dec

-02

Feb-

03

Apr

-03

Jun-

03

Aug

-03

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW23%

QLD60%

SA1%

VIC16%

ACT0%

Inner City1%

Metro62%

Non-Metro37%

OutlookStable


HBS Trust 2003-1


Balance Basis


Page 124



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Apr

-03

Jun-

03

Aug

-03

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW24%

QLD50%

SA0%

VIC26%

ACT0%

Inner City1%

Metro73%

Non-Metro26%

OutlookStable


HBS Trust 2003-1E


Balance Basis


Page 125



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW29%

QLD44%

SA2%

VIC25%

ACT0%

Inner City1%

Metro66%

Non-Metro33%

OutlookStable


HBS Trust 2004-1


Balance Basis


Page 126



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW30%

QLD44%

SA1%

VIC24%

ACT1%

Inner City0%

Metro68%

Non-Metro32%

OutlookStable


HBS Trust 2005-1E


Balance Basis


Page 127



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW32%

QLD47%

SA0%

VIC19%

ACT2%

Inner City0%

Metro64%

Non-Metro36%

OutlookStable


HBS Trust 2006-1


Balance Basis


Page 128



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW26%

QLD43%

SA1%

VIC29%

ACT1%

Inner City0%

Metro66%

Non-Metro34%



90+ days 1.82% 2.38% 2.41% 2.99% 3.42% 3.16% 3.15% 3.17% 3.72% 3.59% 3.53% 3.39%Total 3.43% 4.12% 3.90% 4.49% 5.24% 5.06% 5.22% 5.35% 5.16% 4.52% 4.99% 4.54%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Homeloans Ltd


Page 129

Value Outstanding

Additional Comments•Homeloans Ltd. is a non-bank mortgage originator headquartered in Western Australia.

•Homeloans Ltd. securitises prime residential mortgage loans under the RMT RMBS program.

•In November 2005 the servicer of the RMT trusts changed from EDS (BPA) Pty Ltd. to Adelaide Bank Ltd, which has a STRONG residential loan servicer ranking. The replacement saw the reporting of arrears change from missed payments to scheduled balance.

A$M 164.5616-Aug-96Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Aug

-96

Nov

-96

Feb-

97M

ay-9

7A

ug-9

7N

ov-9

7Fe

b-98

May

-98

Aug

-98

Nov

-98

Feb-

99M

ay-9

9A

ug-9

9N

ov-9

9Fe

b-00

May

-00

Aug

-00

Nov

-00

Feb-

01M

ay-0

1A

ug-0

1N

ov-0

1Fe

b-02

May

-02

Aug

-02

Nov

-02

Feb-

03M

ay-0

3A

ug-0

3N

ov-0

3Fe

b-04

May

-04

Aug

-04

Nov

-04

Feb-

05M

ay-0

5A

ug-0

5N

ov-0

5Fe

b-06

May

-06

Aug

-06

Nov

-06

Feb-

07M

ay-0

7A

ug-0

7N

ov-0

7Fe

b-08

May

-08

Aug

-08

Nov

-08

Feb-

09M

ay-0

9



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Sep

-97

Dec

-97

Mar

-98

Jun-

98

Sep

-98

Dec

-98

Mar

-99

Jun-

99

Sep

-99

Dec

-99

Mar

-00

Jun-

00

Sep

-00

Dec

-00

Mar

-01

Jun-

01

Sep

-01

Dec

-01

Mar

-02

Jun-

02

Sep

-02

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Homeloans Ltd Prepayment & Repayment Rates vs Prime SPPI

OutlookStable


RMT Securitisation Trust No. 7


Balance Basis


Page 130


Homeloans Ltd Adelaide Bank Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW39%

NT0%

QLD9%

SA14%

TAS1%

WA9%

ACT5%

VIC23%

Inner City0%

Metro82%

Non-Metro18%



90+ days 0.06% 0.00% 0.00% 0.20% 0.21% 0.42% 0.43% 0.73% 0.75% 0.77% 0.78% 0.90%Total 0.31% 0.52% 0.67% 0.57% 0.96% 1.06% 1.06% 1.00% 0.95% 0.95% 1.15% 1.20%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%

Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09Prepayment #N/A #N/A #N/A #N/A 29.15% 27.48% 28.71% 26.02% 29.35% 29.59% 23.93% 26.94%Repayment #N/A #N/A #N/A #N/A 31.58% 30.96% 33.08% 29.62% 32.55% 32.68% 27.74% 30.71%Prime SPPI 24.29% 24.16% 20.59% 23.88% 24.75% 24.07% 22.41% 23.51% 21.90% 22.24% 20.62% 22.80%


HSBC Bank Australia Ltd


Page 131

Value Outstanding

Additional CommentsHSBC Bank Australia Ltd. is a wholly owned subsidiary of The Hong Kong and Shanghai Banking Corp. Ltd.

A$M 552.0712-Apr-07Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Apr

-07

Jul-0

7

Oct

-07

Jan-

08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


HSBC Bank Australia Ltd Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


Lion Series 2007-1 Trust


Payment Basis


Page 132


HSBC Bank Australia Ltd HSBC Bank Australia Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW54%

NT0%

QLD12%

SA4%

TAS0%

WA8%

ACT1%

VIC21%

Inner City4%

Metro88%

Non-Metro8%



90+ days 0.18% 0.14% 0.12% 0.08% 0.14% 0.18% 0.32% 0.31% 0.23% 0.17% 0.21% 0.14%Total 0.34% 0.32% 0.32% 0.41% 0.38% 0.66% 0.50% 0.51% 0.49% 0.52% 0.39% 0.31%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



IMB Ltd.


Page 133

Value Outstanding

Additional Comments•IMB Ltd. (IMB), based in regional New South Wales, is one of the largest building societies in Australia.

•IMB sources loans through its retail distribution channels and a mortgage broker network.

•IMB securitises prime residential mortgage loans under the Illawarra RMBS program.

A$M 662.5917-Jul-03Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


IMB Ltd. Prepayment & Repayment Rates vs Prime SPPI

OutlookStable


Illawarra Series 2003-1 Trust


Balance Basis


Page 134


IMB Ltd. IMB Ltd.

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW90%

QLD3%

VIC5%

WA0%

ACT2%

Inner City1%

Metro48%

Non-Metro51%

OutlookStable


Illawarra Series 2004-1 RMBS Trust


Balance Basis


Page 135


IMB Ltd. IMB Ltd.

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW78%

QLD7%

VIC4%

WA1% ACT

10%

Inner City1%

Metro53%

Non-Metro46%

OutlookStable




Balance Basis


Page 136


IMB Ltd. IMB Ltd.

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW79%

QLD5%

SA0%

VIC9%

WA1%

ACT6%

Inner City2%

Metro53%

Non-Metro45%

OutlookStable




Balance Basis


Page 137


IMB Ltd. IMB Ltd.

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW68%

QLD9%

SA1%

VIC14%

WA1% ACT

7%

Inner City1%

Metro59%

Non-Metro40%


Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-0931-60 days #N/A #N/A #N/A 0.64% 0.84% 0.85% 0.90% 0.96% 0.96% 0.92% 0.96% 0.69%61-90 days #N/A #N/A #N/A 0.04% 0.19% 0.23% 0.21% 0.22% 0.22% 0.29% 0.29% 0.24%

90+ days #N/A #N/A #N/A 0.00% 0.05% 0.10% 0.20% 0.21% 0.18% 0.22% 0.25% 0.24%Total #N/A #N/A #N/A 0.68% 1.08% 1.18% 1.31% 1.39% 1.37% 1.43% 1.49% 1.17%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%

Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09Prepayment #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 8.44% 12.92%Repayment #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 9.91% 11.66%Prime SPPI 24.29% 24.16% 20.59% 23.88% 24.75% 24.07% 22.41% 23.56% 22.01% 23.33% 20.14% 21.07%


ING Bank (Australia) Limited


Page 138

Value Outstanding

Additional Comments•IDS Trust 2008-1is the first RMBS issuance for ING Bank (Australia) Limitied.

•Effective June 2009, ING Bank (Australia) Limited calculate arrears using a revised definition of default following a redevelopment of their probability of default model.



0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

Oct

-08

Jan-

09

Apr

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Mar

-09

Jun-

09


ING Bank (Australia) Limited Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


IDS Trust 2008-1


Balance Basis


Page 139


ING Bank (Australia) Limited ING Bank (Australia) Limited

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

1,000.0

2,000.0

3,000.0

4,000.0

5,000.0

6,000.0

7,000.0

8,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

1,000.0

2,000.0

3,000.0

4,000.0

5,000.0

6,000.0

7,000.0

8,000.0

B A4 A3 A2 A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW37%

NT0%QLD

23%

SA7%

TAS2%

WA5%

ACT3%

VIC23% Inner City

0%

Metro77%

Non-Metro23%


Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-0931-60 days #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 0.70% 0.50% 0.56%61-90 days #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 0.22% 0.28% 0.33%

90+ days #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 0.06% 0.06% 0.10%Total #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 0.98% 0.84% 0.99%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%

aPrepaymentRepaymentPrime SPPI #N/A


Liberty Financial Pty Ltd. (Prime Issues)


Page 140

Value Outstanding

Additional Comments•Founded in 1997, Liberty Financial's entry point into the market was nonprime residential finance. Since then, it has expanded its business to include prime and nonprime residential mortgage finance.

•As Liberty PRIME Series 2009-1 was issued in Apr 2009, there was insufficient data to calculate prepayment and repayment rates for Liberty Financial Pty Ltd. (Prime Issues), hence the graph against SPPI is not available.

A$M 535.6521-Apr-09Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Apr

-09



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Jun-

09


Liberty Financial Pty Ltd. (Prime Issues) Prepayment & Repayment Rates vs Prime SPPI

chanh

Rectangle

OutlookNot Ranked


Liberty PRIME Series 2009-1


Payment Basis


Page 141


Liberty Financial Pty Ltd. (Prime Issues) Liberty Funding Pty Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

E D C B AB A3 A2 A1 Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW26%

NT0%

QLD15%

SA8%

TAS4%

WA15%

ACT1%

VIC31%

Inner City1%

Metro66%

Non-Metro33%



90+ days 0.62% 0.60% 0.70% 0.76% 0.87% 0.88% 1.04% 1.15% 1.05% 1.04% 1.00% 0.93%Total 1.57% 1.65% 1.85% 1.89% 2.22% 2.32% 2.28% 2.33% 2.22% 2.30% 2.05% 1.80%

Prime SPIN 1.51% 1.53% 1.52% 1.58% 1.70% 1.76% 1.84% 1.82% 1.66% 1.62% 1.50% 1.44%



Macquarie Securitisation Ltd


Page 142

Value Outstanding

Additional Comments•Macquarie Securitisation Ltd. is a wholly owned subsidiary of Macquarie Bank Ltd. (A/Stable/A-1), an Australian investment bank.

•Macquarie Securitisation securitises prime residential mortgage loans under the PUMA RMBS program, which incorporates a number of funding options.

•Macquarie Securitisation Ltd was previously categorised as a nonbank lender, from June 2006 they have been reclassified under the Other Banks sub-sector. This change was due to the majority of their originations now being generated by Macquarie Bank Ltd.

A$M 8,778.6710-Jul-95Total # Domestic Issues Total # Cross Border Issues # Outstanding


0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Jan-

96A

pr-9

6Ju

l-96

Oct

-96

Jan-

97A

pr-9

7Ju

l-97

Oct

-97

Jan-

98A

pr-9

8Ju

l-98

Oct

-98

Jan-

99A

pr-9

9Ju

l-99

Oct

-99

Jan-

00A

pr-0

0Ju

l-00

Oct

-00

Jan-

01A

pr-0

1Ju

l-01

Oct

-01

Jan-

02A

pr-0

2Ju

l-02

Oct

-02

Jan-

03A

pr-0

3Ju

l-03

Oct

-03

Jan-

04A

pr-0

4Ju

l-04

Oct

-04

Jan-

05A

pr-0

5Ju

l-05

Oct

-05

Jan-

06A

pr-0

6Ju

l-06

Oct

-06

Jan-

07A

pr-0

7Ju

l-07

Oct

-07

Jan-

08A

pr-0

8Ju

l-08

Oct

-08

Jan-

09A

pr-0

9



0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Sep

-96

Dec

-96

Mar

-97

Jun-

97S

ep-9

7D

ec-9

7M

ar-9

8Ju

n-98

Sep

-98

Dec

-98

Mar

-99

Jun-

99S

ep-9

9D

ec-9

9M

ar-0

0Ju

n-00

Sep

-00

Dec

-00

Mar

-01

Jun-

01S

ep-0

1D

ec-0

1M

ar-0

2Ju

n-02

Sep

-02

Dec

-02

Mar

-03

Jun-

03S

ep-0

3D

ec-0

3M

ar-0

4Ju

n-04

Sep

-04

Dec

-04

Mar

-05

Jun-

05S

ep-0

5D

ec-0

5M

ar-0

6Ju

n-06

Sep

-06

Dec

-06

Mar

-07

Jun-

07S

ep-0

7D

ec-0

7M

ar-0

8Ju

n-08

Sep

-08

Dec

-08

Mar

-09

Jun-

09


Macquarie Securitisation Ltd Prepayment & Repayment Rates vs Prime SPPI

OutlookNot Ranked


PUMA Global Trust No. 3


Payment Basis


Page 143


Macquarie Securitisation Ltd Macquarie Securitisation Ltd

Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jan-

03

Mar

-03

May

-03

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jan-

03

Mar

-03

May

-03

Jul-0

3

Sep

-03

Nov

-03

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW55%

NT0%

QLD14%

SA4%

TAS1%

WA4%

ACT3%

VIC19%

Inner City1%

Metro81%

Non-Metro18%

OutlookNot Ranked




Payment Basis


Page 144



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Aug

-03

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Aug

-03

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0

2,000.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW53%

NT0%

QLD15%

SA4%

TAS1%

WA4%

ACT3%

VIC20%

Inner City1%

Metro81%

Non-Metro18%

OutlookNot Ranked




Payment Basis


Page 145



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW42%

NT0%

QLD23%

SA3%

TAS1%

WA7%

ACT3%

VIC21%

Inner City2%

Metro72%

Non-Metro26%

OutlookNot Ranked


PUMA Global Trust S-1


Payment Basis


Page 146



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

1,800.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW60%

NT0%

QLD16%

SA3%

TAS0%

WA5%

ACT1%

VIC15%

Inner City0%

Metro72%

Non-Metro28%

OutlookNot Ranked


PUMA Masterfund P-8


Payment Basis


Page 147



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-02

Mar

-03

Jun-

03

Sep

-03

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-02

Dec

-02

Feb-

03

Apr

-03

Jun-

03

Aug

-03

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-02

Dec

-02

Feb-

03

Apr

-03

Jun-

03

Aug

-03

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

1,600.0

B (B) B (A) A-2 (B) A-2 (A) A-1 (B) A-1 (A) Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW59%

NT0%

QLD13%

SA2%

TAS0%

WA3%

ACT3%

VIC20%

Inner City1%

Metro84%

Non-Metro15%

OutlookNot Ranked


PUMA Masterfund P-9


Payment Basis


Page 148



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-03

Mar

-04

Jun-

04

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Oct

-03

Dec

-03

Feb-

04

Apr

-04

Jun-

04

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW53%

QLD17%

SA2%

TAS0%

VIC21%

ACT4%

WA3%

Inner City1%

Metro81%

Non-Metro18%

OutlookNot Ranked


PUMA Masterfund P-10


Payment Basis


Page 149



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-04

Dec

-04

Mar

-05

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

4

Sep

-04

Nov

-04

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Aug

-04

Oct

-04

Dec

-04

Feb-

05

Apr

-05

Jun-

05

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

B(C) B(B) B(A) A(C) A(B) A(A) Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW56%

NT0%

QLD14%

SA3%

TAS1%

WA3%

ACT3%

VIC20%

Inner City0%

Metro81%

Non-Metro19%

OutlookNot Ranked




Payment Basis


Page 150



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Aug

-05

Oct

-05

Dec

-05

Feb-

06

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

B(B) B(A) A(B) A(A) Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW51%

NT0%

QLD19%

SA2%

TAS1%

WA4%

ACT3%

VIC20%

Inner City1%

Metro76%

Non-Metro23%

OutlookNot Ranked




Payment Basis


Page 151



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Apr

-06

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

B(B) B(A) A(B) A(A) Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW51%

NT0%

QLD20%

SA2%

TAS1%

WA5%

ACT2%

VIC19%

Inner City1%

Metro77%

Non-Metro22%

OutlookNot Ranked




Payment Basis


Page 152



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

B(A) A(A) Repayment Rate Prepayment Rate

(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW28%

QLD33%

SA6%

TAS1%

VIC16%

ACT4%WA

12%

Inner City1%

Metro68%

Non-Metro31%

OutlookNot Ranked


PUMA Masterfund S-2


Payment Basis


Page 153



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

05

Sep

-05

Dec

-05

Mar

-06

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

May

-05

Jul-0

5

Sep

-05

Nov

-05

Jan-

06

Mar

-06

May

-06

Jul-0

6

Sep

-06

Nov

-06

Jan-

07

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

May

-05

Jun-

05

Jul-0

5

Aug

-05

Sep

-05

Oct

-05

Nov

-05

Dec

-05

Jan-

06

Feb-

06

Mar

-06

Apr

-06

May

-06

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW54%

NT0%

QLD21%

SA2%

TAS0%

WA4%

ACT2%

VIC17%

Inner City0%

Metro74%

Non-Metro26%

OutlookNot Ranked


PUMA Masterfund S-3 Series A


Payment Basis


Page 154



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

06

Sep

-06

Dec

-06

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

06

Aug

-06

Oct

-06

Dec

-06

Feb-

07

Apr

-07

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

06

Jul-0

6

Aug

-06

Sep

-06

Oct

-06

Nov

-06

Dec

-06

Jan-

07

Feb-

07

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW53%

NT0%

QLD20%

SA3%

TAS1%

WA7%

ACT2%

VIC14%

Inner City0%

Metro73%

Non-Metro27%

OutlookNot Ranked


PUMA Masterfund S-4


Payment Basis


Page 155



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Mar

-07

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar

-07

May

-07

Jul-0

7

Sep

-07

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Mar

-07

Apr

-07

May

-07

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW32%

NT0%

QLD26%

SA4%

TAS1%

WA20%

ACT2%

VIC15%

Inner City1%

Metro67%

Non-Metro32%

OutlookNot Ranked


PUMA Masterfund S-5


Payment Basis


Page 156



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Nov

-07

Jan-

08

Mar

-08

May

-08

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW38%

NT0%QLD

23%

SA5%

TAS1%

WA9%

ACT3%

VIC21%

Metro69%

Non-Metro31%

OutlookNot Ranked


PUMA Masterfund H-1


Payment Basis


Page 157



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

07

Sep

-07

Dec

-07

Mar

-08

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

07

Aug

-07

Oct

-07

Dec

-07

Feb-

08

Apr

-08

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

07

Jul-0

7

Aug

-07

Sep

-07

Oct

-07

Nov

-07

Dec

-07

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW45%

NT0%

QLD21%

SA2%

TAS1%

WA5%

ACT4%

VIC22%

Metro71%

Non-Metro29%

OutlookNot Ranked


PUMA Masterfund P-15 Series A


Payment Basis


Page 158



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW37%

NT0%

QLD26%

SA4%

TAS1%

WA6%

ACT5%

VIC21% Inner City

1%

Metro71%

Non-Metro28%

OutlookNot Ranked


PUMA Masterfund S-6


Payment Basis


Page 159



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Jun-

08

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jun-

08

Aug

-08

Oct

-08

Dec

-08

Feb-

09

Apr

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW31%

NT0%

QLD27%

SA4%

TAS1%

WA17%

ACT1%

VIC19%

Inner City1%

Metro71%

Non-Metro28%

OutlookNot Ranked


PUMA Masterfund S-7


Payment Basis


Page 160



Cumulative Losses

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

Sep

-08

Dec

-08

Mar

-09

Jun-

09




0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Jul-0

8

Sep

-08

Nov

-08

Jan-

09

Mar

-09

May

-09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09

Mar

-09

Apr

-09

May

-09

Jun-

09

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0


(Mil. A

$)


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0-10

0

100-

150

150-

200

200-

250

250-

300

300-

400

400-

500

500-

750

750-

1,00

0

1,00

0+


0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

< 10

10 -

20

20 -

30

30 -

40

40 -

50

50 -

60

60 -

70

70 -

80

80 -

90

90 -

100

100

- 110

110

- 120

120+

LVR Cumulative LVR


NSW27%

NT0%

QLD25%

SA4%

TAS0%

WA24%

ACT2%

VIC18%

Inner City2%

Metro68%

Non-Metro30%

STANDARD & POOR’S AUSTRALIALevel 45, 120 Collins StreetMelbourne VIC 3000Tel: (61) 3-9631-2000

Level 27, 259 George StreetSydney NSW 2000Tel: (61) 2-9255-9888

Client Services: (61) 1300-792-553

www.standardandpoors.com.au

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