Presale: Sapphire Series 2002-2 Trust Nov 02
- ID: 1924519
- November 2002
- Standard & Poors
Expected closing date: Nov. 18, 2002. Collateral: Fully amortizing Australian dollar loans to nonconforming and subprime Australian resident borrowers secured by first-registered mortgages over Australian residential property. The loans mature no later than one year before final maturity of the notes. Loan originator, special servicer, trust manager, and basis swap provider: Bluestone Group Pty. Ltd. (and subsidiaries). Seller: Permanent Custodians Ltd. ATF Phoenix Series 1 Warehouse Trust and Bluestone Warehouse Trust. Servicer and standby special servicer: Australian Mortgage Securities Ltd. Issuer trustee: Permanent Custodians Ltd. Security trustee: Permanent Registry Ltd. Custodian: Permanent Custodian Ltd. Liquidity facility provider and redraw facility provider: Barclays Bank PLC (AA/Stable/A-1+). Currency swap, interest rate swap, and reserve account provider: Westpac Banking Corp. (AA-/Stable/A-1+). Arranger and...
Companies mentioned in this report are:
- Westpac Banking Corp.
- Barclays Bank PLC
- Nomura International PLC
- Australian Mortgage Securities Ltd.
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