SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of June 2007
National Australia Bank Limited
ACN 004 044 937
(Registrant’s Name)
Level 24
500 Bourke Street
MELBOURNE VICTORIA 3000
AUSTRALIA
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
|
Form 20-F x |
|
Form 40-F o |
|
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
|
Yes o |
|
No x |
|
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82
“ This Report on Form 6-K shall be deemed to be incorporated by reference in the prospectus included in the Registration Statement on Form F-3 (No. 333-6632) of National Australia Bank Limited and to be part thereof from the date on which this Report, is filed, to the extent not superseded by documents or reports subsequently filed or furnished.”
National RMBS Trust 2006-1
Monthly Report as at 13 Apr 2007
This report is provided pursuant to the “Reports to Noteholders” section of the prospectus dated 23 May 2006.
A definition or description of certain terms used in this report together with a full description of the transaction may be found in the prospectus.
Further information is available to investors on Bloomberg (page reference [NRMBS]). Information in this report and on Bloomberg have been sourced from the same data.
Differences in formatting, calculation and rounding methodology may cause discrepancies between the two sources.
Current Periods and Interest Rates
|
Determination Date |
|
13 Apr 2007 |
|
|
|
|
|
|
|
Payment Date |
|
20 Apr 2007 |
|
|
|
|
|
|
|
Interest Period |
|
|
|
|
From (and including) |
|
20 Mar 2007 |
|
|
To (but excluding) |
|
20 Apr 2007 |
|
|
Number of days |
|
31 |
|
|
|
|
|
|
|
Collection Period |
|
|
|
|
From start of month |
|
Mar 2007 |
|
|
To end of month |
|
Mar 2007 |
|
|
|
Class A Notes |
|
Class B Notes |
|
|
|
|
|
|
|
|
|
|
BBSW |
|
6.3683 |
|
6.3683 |
% pa |
|
|
|
|
|
|
|
|
Margin |
|
0.1400 |
% pa |
0.1800 |
% pa |
|
|
|
|
|
|
|
|
Interest Rate |
|
6.5083 |
% pa |
6.5483 |
% pa |
Noteholder Distribution Summary
|
|
|
Class A Notes |
|
Class B Notes |
|
Subordination |
|
||||
|
|
|
Per Note |
|
Aggregate |
|
Per Note |
|
Aggregate |
|
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Original Face Amount |
|
100,000.0000 |
|
1,472,600,000.00 |
|
100,000.00 |
|
10,400,000.00 |
|
0.70 |
% |
|
Beginning Note Balance |
|
100,000.0000 |
|
1,050,515,074.99 |
|
100,000.00 |
|
10,400,000.00 |
|
0.98 |
% |
|
Interest Distribution |
|
560.4369 |
|
5,806,824.25 |
|
556.1570 |
|
57,840.33 |
|
|
|
|
Principal Distribution |
|
2,239.1916 |
|
32,974,336.21 |
|
0.0000 |
|
0.00 |
|
|
|
|
Ending Note Balance |
|
97,760.8084 |
|
1,017,540,738.78 |
|
100,000.0000 |
|
10,400,000.00 |
|
1.01 |
% |
|
Less Carryover Principal Chargeoffs |
|
0.0000 |
|
0.00 |
|
0.0000 |
|
0.00 |
|
|
|
|
Ending Stated Amount |
|
97,760.8084 |
|
1,017,540,738.78 |
|
100,000.0000 |
|
10,400,000.00 |
|
1.01 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Distribution |
|
2,799.6285 |
|
38,781,160.46 |
|
556.1570 |
|
57,840.33 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Note Factor |
|
0.69098243840 |
|
0.6909824384 |
|
1.000000 |
|
1.000000 |
|
|
|
Principal Distribution Statement
|
Principal Collections on Housing Loans |
|
35,340,972.99 |
|
|
|
|
Issue proceeds of any Redraw Notes to be issued on the Payment Date |
|
0.00 |
|
|
|
|
Other Amounts of principal received |
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
Total Principal Collections |
|
|
|
35,340,972.99 |
|
|
|
|
|
|
|
|
|
Reimbursement of Redraws |
|
2,366,636.78 |
|
|
|
|
Principal Draw |
|
0.00 |
|
|
|
|
Repay Redraw Note Principal |
|
0.00 |
|
|
|
|
Class A Principal |
|
32,974,336.21 |
|
|
|
|
Class B Principal |
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
Total Principal Distribution |
|
|
|
35,340,972.99 |
|
Interest Distribution Statement
|
Interest Collections |
|
6,589,386.17 |
|
|
|
|
Principal Drawing |
|
0.00 |
|
|
|
|
Liquidity Drawing |
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
Total Available Income |
|
|
|
6,589,386.17 |
|
|
|
|
|
|
|
|
|
Accrued Interest Adjustment |
|
0.00 |
|
|
|
|
Expenses (includes all fees, net interest rate swap payment and other expenses of the Trust) |
|
286,375.77 |
|
|
|
|
Reimbursement of previous Liquidity Drawings |
|
0.00 |
|
|
|
|
Class A Interest Amount |
|
5,806,824.25 |
|
|
|
|
Note Interest Amount for Redraw Notes |
|
0.00 |
|
|
|
|
Interest payable under the Liquidity Facility Agreement |
|
0.00 |
|
|
|
|
Note Interest Amount for Class B Notes |
|
57,840.33 |
|
|
|
|
|
|
|
|
|
|
|
Excess Available Income available for Distribution (includes reimbursement of Principal Charge-Offs, unreimbursed Principal Drawings and distribution to Residual Income Unit Holder) |
|
|
|
438,345.82 |
|
|
|
|
|
|
|
|
|
Excess Available Income applied to repay Principal Draw |
|
|
|
0.00 |
|
|
Remaining Balance of Principal Draw |
|
|
|
0.00 |
|
Support Facilities (AUD)
|
Liquidity Facility |
|
|
|
|
Liquidity Facility Limit |
|
11,450,000.00 |
|
|
Amount Drawn |
|
0.00 |
|
1
Historical CPR
|
|
|
May 2006 |
|
Jun 2006 |
|
Jul 2006 |
|
Aug 2006 |
|
Sep 2006 |
|
Oct 2006 |
|
Nov 2006 |
|
Dec 2006 |
|
Jan 2007 |
|
Feb 2007 |
|
Mar 2007 |
|
|
2006 |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Monthly CPR |
|
29 |
|
37 |
|
32 |
|
33 |
|
33 |
|
30 |
|
40 |
|
36 |
|
31 |
|
28 |
|
31 |
|
Historical Monthly CPR
Delinquency Information as at Month Ending 31 Mar 2007
|
|
|
31-60 Days |
|
61-90 Days |
|
91-120 Days |
|
> 120 days |
|
Foreclosure/ |
|
|
|
|
|
|
Past Due |
|
Past Due |
|
Past Due |
|
Past Due |
|
REO |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
No. of loans |
|
29 |
|
8 |
|
3 |
|
2 |
|
9 |
|
51 |
|
|
No. of loans (%) |
|
0.47 |
% |
0.13 |
% |
0.05 |
% |
0.03 |
% |
0.15 |
% |
0.83 |
% |
|
Balance outstanding ($) |
|
5,571,588.24 |
|
1,410,752.43 |
|
765,462.92 |
|
371,333.42 |
|
1,871,407.15 |
|
9,990,544.16 |
|
|
Balance outstanding (%) |
|
0.54 |
% |
0.14 |
% |
0.07 |
% |
0.04 |
% |
0.18 |
% |
0.97 |
% |
|
Instalment Amount ($) |
|
54,173.47 |
|
23,532.86 |
|
18,517.09 |
|
11,509.81 |
|
57,135.77 |
|
164,869.00 |
|
Historical Delinquencies as a Percentage of Balance Outstanding
|
|
|
May 2006 |
|
Jun 2006 |
|
Jul 2006 |
|
Aug 2006 |
|
Sep 2006 |
|
Oct 2006 |
|
Nov 2006 |
|
Dec 2006 |
|
Jan 2007 |
|
Feb 2007 |
|
Mar 2007 |
|
Apr 2007 |
|
May 2007 |
|
|
|
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31-60 Days Past Due |
|
0.24 |
|
0.36 |
|
0.43 |
|
0.28 |
|
0.26 |
|
0.33 |
|
0.34 |
|
0.40 |
|
0.52 |
|
0.34 |
|
0.54 |
|
0.00 |
|
0.00 |
|
|
61-90 Days Past Due |
|
0.00 |
|
0.03 |
|
0.09 |
|
0.13 |
|
0.08 |
|
0.09 |
|
0.09 |
|
0.07 |
|
0.10 |
|
0.21 |
|
0.14 |
|
0.00 |
|
0.00 |
|
|
91-120 Days Past Due |
|
0.01 |
|
0.01 |
|
0.01 |
|
0.05 |
|
0.02 |
|
0.05 |
|
0.07 |
|
0.14 |
|
0.01 |
|
0.06 |
|
0.07 |
|
0.00 |
|
0.00 |
|
|
> 120 Days Past Due |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.01 |
|
0.06 |
|
0.07 |
|
0.06 |
|
0.06 |
|
0.09 |
|
0.02 |
|
0.04 |
|
0.00 |
|
0.00 |
|
|
Foreclosure/REO |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.02 |
|
0.03 |
|
0.11 |
|
0.11 |
|
0.18 |
|
0.00 |
|
0.00 |
|
|
Total |
|
0.25 |
|
0.40 |
|
0.53 |
|
0.47 |
|
0.42 |
|
0.54 |
|
0.58 |
|
0.70 |
|
0.83 |
|
0.74 |
|
0.97 |
|
0.00 |
|
0.00 |
|
Historical Delinquency Information
2
Loss Data
|
|
Mar 2007 |
|
|||
|
Month Ended |
|
(AUD) |
|
(No Loans) |
|
|
|
|
|
|
|
|
|
Losses on Sale of Property |
|
0.00 |
|
0 |
|
|
Losses after Mortgage Insurance |
|
0.00 |
|
0 |
|
|
Cumulative Losses after Mortgage Insurance |
|
0.00 |
|
0 |
|
|
Cumulative Losses After Mortgage Insurance (%) |
|
0.00 |
% |
0.00 |
% |
Summary and Weighted Average Calculations
|
|
|
At Issue |
|
Oct 2006 |
|
Nov 2006 |
|
Dec 2006 |
|
Jan 2007 |
|
Feb 2007 |
|
Mar 2007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collateral Balance (AUD) |
|
1,482,533,900.05 |
|
1,225,222,347.41 |
|
1,173,388,657.20 |
|
1,128,729,769.63 |
|
1,092,878,367.56 |
|
1,061,905,933.37 |
|
1,028,954,300.11 |
|
|
Total Number of Loans |
|
8,475 |
|
7,143 |
|
6,872 |
|
6,650 |
|
6,480 |
|
6,320 |
|
6,137 |
|
|
Current Average Loan Balance (AUD) |
|
174,930.25 |
|
171,527.70 |
|
170,749.22 |
|
169,733.80 |
|
168,654.07 |
|
168,023.09 |
|
167,664.05 |
|
|
Maximum Loan Balance (AUD) |
|
573,375.42 |
|
573,168.97 |
|
573,161.12 |
|
571,312.66 |
|
571,694.84 |
|
571,485.70 |
|
571,512.03 |
|
|
Current Weighted Average LVR |
|
52.20 |
% |
50.86 |
% |
50.57 |
% |
50.43 |
% |
50.17 |
% |
49.84 |
% |
49.54 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Loan Rate |
|
6.81 |
% |
7.20 |
% |
7.39 |
% |
7.41 |
% |
7.41 |
% |
7.41 |
% |
7.41 |
% |
|
Weighted Average Term to Maturity (WAM) (months) |
|
321 |
|
315 |
|
314 |
|
313 |
|
312 |
|
311 |
|
310 |
|
|
Weighted Average Seasoning (WAS) (months) |
|
23 |
|
28 |
|
29 |
|
30 |
|
32 |
|
32 |
|
34 |
|
Loan Size Distribution as at Month Ending 31 Mar 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Loan Size Distribution |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan Size < $50,000 |
|
173 |
|
5,274,244.89 |
|
2.82 |
% |
0.51 |
% |
|
$50,000 <Loan Size < $100,000 |
|
798 |
|
63,155,083.65 |
|
13.00 |
% |
6.14 |
% |
|
$100,000 <Loan Size < $150,000 |
|
2,048 |
|
256,762,755.83 |
|
33.37 |
% |
24.95 |
% |
|
$150,000 <Loan Size < $200,000 |
|
1,479 |
|
256,886,415.39 |
|
24.10 |
% |
24.97 |
% |
|
$200,000 <Loan Size < $250,000 |
|
797 |
|
178,005,361.55 |
|
12.99 |
% |
17.30 |
% |
|
$250,000 <Loan Size < $300,000 |
|
421 |
|
115,090,150.61 |
|
6.86 |
% |
11.19 |
% |
|
$300,000 <Loan Size < $350,000 |
|
202 |
|
64,907,978.37 |
|
3.29 |
% |
6.31 |
% |
|
$350,000 <Loan Size < $400,000 |
|
114 |
|
42,802,271.10 |
|
1.86 |
% |
4.16 |
% |
|
$400,000 <Loan Size < $450,000 |
|
70 |
|
29,577,434.94 |
|
1.14 |
% |
2.87 |
% |
|
$450,000 <Loan Size < $500,000 |
|
33 |
|
15,399,102.84 |
|
0.54 |
% |
1.50 |
% |
|
$500,000 <Loan Size < $750,000 |
|
2 |
|
1,093,500.94 |
|
0.03 |
% |
0.11 |
% |
|
$750,000 <Loan Size < $1,000,000 |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
6,137 |
|
1,028,954,300.11 |
|
100.00 |
% |
100.00 |
% |
LVR Distribution as at Month Ending 31 Mar 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
LVR Distribution |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
LVR < 50% |
|
3,534 |
|
514,138,244.55 |
|
57.59 |
% |
49.97 |
% |
|
50% < LVR < 55% |
|
480 |
|
87,964,229.89 |
|
7.82 |
% |
8.55 |
% |
|
55% < LVR < 60% |
|
459 |
|
88,396,893.54 |
|
7.48 |
% |
8.59 |
% |
|
60% < LVR < 65% |
|
430 |
|
83,288,682.14 |
|
7.01 |
% |
8.09 |
% |
|
65% < LVR < 70% |
|
446 |
|
88,312,015.93 |
|
7.27 |
% |
8.58 |
% |
|
70% < LVR < 75% |
|
394 |
|
78,390,929.08 |
|
6.42 |
% |
7.62 |
% |
|
75% < LVR < 80% |
|
318 |
|
70,961,571.87 |
|
5.18 |
% |
6.90 |
% |
|
80% < LVR < 85% |
|
23 |
|
5,251,417.10 |
|
0.37 |
% |
0.51 |
% |
|
85% < LVR < 90% |
|
41 |
|
9,412,796.08 |
|
0.67 |
% |
0.91 |
% |
|
90% < LVR < 95% |
|
9 |
|
2,262,887.51 |
|
0.15 |
% |
0.22 |
% |
|
95% < LVR < 100% |
|
1 |
|
166,592.59 |
|
0.02 |
% |
0.02 |
% |
|
LVR > 100% |
|
2 |
|
408,039.83 |
|
0.03 |
% |
0.04 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
6,137 |
|
1,028,954,300.11 |
|
100.00 |
% |
100.00 |
% |
Mortgage Insurance as at Month Ending 31 Mar 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Mortgage Insurer |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Genworth Financial |
|
193 |
|
35,578,023.86 |
|
3.14 |
% |
3.46 |
% |
|
Royal & Sun Alliance |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
CGU Lenders Mortgage Insurance |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
PMI |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
Pool Insurance |
|
5,944 |
|
993,376,276.25 |
|
96.86 |
% |
96.54 |
% |
|
Other |
|
|
|
|
|
0.00 |
% |
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
6,137 |
|
1,028,954,300.11 |
|
100.00 |
% |
100.00 |
% |
3
Geographic Distribution as at Month Ending 31 Mar 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Geographic Distribution |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
ACT Inner City |
|
96 |
|
15,950,821.11 |
|
1.56 |
% |
1.55 |
% |
|
ACT Metro |
|
49 |
|
8,470,503.14 |
|
0.80 |
% |
0.82 |
% |
|
ACT Non Metro |
|
1 |
|
145,013.41 |
|
0.02 |
% |
0.01 |
% |
|
NSW Sydney Inner City |
|
7 |
|
1,534,477.90 |
|
0.11 |
% |
0.15 |
% |
|
NSW Sydney Metro |
|
843 |
|
176,838,074.04 |
|
13.74 |
% |
17.19 |
% |
|
NSW Non-Metro |
|
681 |
|
111,959,361.66 |
|
11.10 |
% |
10.88 |
% |
|
QLD Brisbane Inner City |
|
12 |
|
1,867,025.60 |
|
0.20 |
% |
0.18 |
% |
|
QLD Brisbane Metro |
|
597 |
|
108,592,557.70 |
|
9.73 |
% |
10.55 |
% |
|
QLD Non-Metro |
|
579 |
|
97,709,198.06 |
|
9.43 |
% |
9.50 |
% |
|
VIC Melbourne Inner City |
|
36 |
|
7,046,057.89 |
|
0.59 |
% |
0.68 |
% |
|
VIC Melbourne Metro |
|
1,745 |
|
278,182,477.85 |
|
28.43 |
% |
27.04 |
% |
|
VIC Non-Metro |
|
560 |
|
75,284,370.49 |
|
9.12 |
% |
7.32 |
% |
|
WA Perth Inner City |
|
17 |
|
2,958,178.71 |
|
0.28 |
% |
0.29 |
% |
|
WA Perth Metro |
|
320 |
|
55,940,016.76 |
|
5.21 |
% |
5.44 |
% |
|
WA Non-Metro |
|
56 |
|
9,371,883.16 |
|
0.91 |
% |
0.91 |
% |
|
SA Adelaide Inner City |
|
6 |
|
934,061.54 |
|
0.10 |
% |
0.09 |
% |
|
SA Adelaide Metro |
|
296 |
|
44,410,507.06 |
|
4.82 |
% |
4.32 |
% |
|
SA Non-Metro |
|
76 |
|
9,881,956.34 |
|
1.24 |
% |
0.96 |
% |
|
NT Darwin Inner City |
|
36 |
|
5,231,641.56 |
|
0.59 |
% |
0.51 |
% |
|
NT Darwin Metro |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
NT Non-Metro |
|
7 |
|
899,846.15 |
|
0.11 |
% |
0.09 |
% |
|
TAS Hobart Inner City |
|
3 |
|
293,443.88 |
|
0.05 |
% |
0.03 |
% |
|
TAS Hobart Metro |
|
59 |
|
8,502,850.95 |
|
0.96 |
% |
0.83 |
% |
|
TAS Non-Metro |
|
54 |
|
6,756,946.66 |
|
0.88 |
% |
0.66 |
% |
|
Undefined Post Code |
|
1 |
|
193,028.49 |
|
0.02 |
% |
0.02 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
6,137 |
|
1,028,954,300.11 |
|
100.00 |
% |
100.00 |
% |
Seasoning Analysis – Total Portfolio as at Month Ending 31 Mar 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Seasoning Analysis |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Seasoning < 3 months |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
3 months < Seasoning < 6 months |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
6 months < Seasoning < 12 months |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
12 months < Seasoning < 18 months |
|
120 |
|
15,206,406.45 |
|
1.96 |
% |
1.48 |
% |
|
18 months < Seasoning < 24 months |
|
1,662 |
|
301,768,276.70 |
|
27.08 |
% |
29.33 |
% |
|
24 months < Seasoning < 36 months |
|
1,670 |
|
292,758,569.87 |
|
27.21 |
% |
28.45 |
% |
|
36 months < Seasoning < 48 months |
|
2,053 |
|
323,965,840.21 |
|
33.45 |
% |
31.48 |
% |
|
48 months < Seasoning < 60 months |
|
383 |
|
62,827,135.93 |
|
6.24 |
% |
6.11 |
% |
|
Seasoning > 60 months |
|
249 |
|
32,428,070.95 |
|
4.06 |
% |
3.15 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
6,137 |
|
1,028,954,300.11 |
|
100.00 |
% |
100.00 |
% |
Remaining Loan Term as at Month Ending 31 Mar 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Remaining Loan Term |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term < 5 years |
|
6 |
|
389,718.27 |
|
0.10 |
% |
0.04 |
% |
|
5 years < Term < 10 years |
|
53 |
|
4,336,616.85 |
|
0.86 |
% |
0.42 |
% |
|
10 years < Term < 15 years |
|
120 |
|
12,807,154.73 |
|
1.96 |
% |
1.24 |
% |
|
15 years < Term < 20 years |
|
540 |
|
72,646,014.65 |
|
8.80 |
% |
7.06 |
% |
|
20 years < Term < 25 years |
|
706 |
|
106,879,034.82 |
|
11.50 |
% |
10.39 |
% |
|
25 years < Term < 30 years |
|
4,712 |
|
831,895,760.79 |
|
76.78 |
% |
80.85 |
% |
|
30 years < Term < 35 years |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
Term > 35 years |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
6,137 |
|
1,028,954,300.11 |
|
100.00 |
% |
100.00 |
% |
Loan Purpose as at Month Ending 31 Mar 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Loan Purpose |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase |
|
930 |
|
162,871,693.85 |
|
15.15 |
% |
15.83 |
% |
|
Refinance |
|
3,545 |
|
585,852,771.92 |
|
57.76 |
% |
56.94 |
% |
|
Home Improvement |
|
738 |
|
116,758,698.02 |
|
12.03 |
% |
11.35 |
% |
|
Investor |
|
796 |
|
142,483,111.76 |
|
12.97 |
% |
13.85 |
% |
|
Other |
|
128 |
|
20,988,024.56 |
|
2.09 |
% |
2.04 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
6,137 |
|
1,028,954,300.11 |
|
100.00 |
% |
100.00 |
% |
4
Loan Type by Interest Rate as at Month Ending 31 Mar 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Loan Type |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Variable Rate |
|
4,796 |
|
791,192,626.23 |
|
78.15 |
% |
76.89 |
% |
|
Fixed Rate |
|
1,341 |
|
237,761,673.88 |
|
21.85 |
% |
23.11 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
6,137 |
|
1,028,954,300.11 |
|
100.00 |
% |
100.00 |
% |
Fixed Rate Term Remaining as at Month Ending 31 Mar 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Remaining Fixed Rate Term |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term < 1 year |
|
722 |
|
132,765,555.66 |
|
53.84 |
% |
55.84 |
% |
|
1 years < Term < 2 years |
|
423 |
|
71,643,310.11 |
|
31.54 |
% |
30.13 |
% |
|
2 years < Term < 3 years |
|
133 |
|
22,283,761.04 |
|
9.92 |
% |
9.37 |
% |
|
3 years < Term < 4 years |
|
43 |
|
7,630,721.99 |
|
3.21 |
% |
3.21 |
% |
|
4 years < Term < 5 years |
|
5 |
|
619,392.82 |
|
0.37 |
% |
0.26 |
% |
|
Term > 5 years |
|
15 |
|
2,818,932.26 |
|
1.12 |
% |
1.19 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
1,341 |
|
237,761,673.88 |
|
100.00 |
% |
100.00 |
% |
Contact Details
|
Trust Manager |
National Global MBS Manager Pty Ltd |
|
|
|
|
|
|
Contacts |
Eva Zileli |
|
|
|
Manager Securitisation & Funding |
|
|
|
National Australia Bank (Melbourne, Australia) |
|
|
|
Phone: |
(+613) 8634 8219 |
|
|
Facsimile: |
(+613) 8634 3822 |
|
|
Email: |
Eva.Zileli@nab.com.au |
5
Monthly Report as at 15 May 2007
This report is provided pursuant to the “Reports to Noteholders” section of the prospectus dated 23 May 2006.
A definition or description of certain terms used in this report together with a full description of the transaction may be found in the prospectus.
Further information is available to investors on Bloomberg (page reference [NRMBS]). Information in this report and on Bloomberg have been sourced from the same data.
Differences in formatting, calculation and rounding methodology may cause discrepancies between the two sources.
Current Periods and Interest Rates
|
Determination Date |
|
15 May 2007 |
|
|
|
|
|
Payment Date |
|
21 May 2007 |
|
|
|
|
|
Interest Period |
|
|
|
From (and including) |
|
20 Apr 2007 |
|
To (but excluding) |
|
21 May 2007 |
|
Number of days |
|
31 |
|
|
|
|
|
Collection Period |
|
|
|
From start of month |
|
Apr 2007 |
|
To end of month |
|
Apr 2007 |
|
|
Class A Notes |
|
Class B Notes |
|
|
|
|
|
|
|
|
|
|
BBSW |
|
6.4200 |
|
6.4200 |
% pa |
|
|
|
|
|
|
|
|
Margin |
|
0.1400 |
% pa |
0.1800 |
% pa |
|
|
|
|
|
|
|
|
Interest Rate |
|
6.5600 |
% pa |
6.6000 |
% pa |
Noteholder Distribution Summary
|
|
|
Class A Notes |
|
Class B Notes |
|
Subordination |
|
||||
|
|
|
Per Note |
|
Aggregate |
|
Per Note |
|
Aggregate |
|
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Original Face Amount |
|
100,000.0000 |
|
1,472,600,000.00 |
|
100,000.00 |
|
10,400,000.00 |
|
0.70 |
% |
|
Beginning Note Balance |
|
100,000.0000 |
|
1,017,540,738.78 |
|
100,000.00 |
|
10,400,000.00 |
|
1.01 |
% |
|
Interest Distribution |
|
564.8888 |
|
5,669,235.20 |
|
560.5479 |
|
58,296.99 |
|
|
|
|
Principal Distribution |
|
2,344.4681 |
|
34,524,638.10 |
|
0.0000 |
|
0.00 |
|
|
|
|
Ending Note Balance |
|
97,655.5319 |
|
983,016,100.68 |
|
100,000.0000 |
|
10,400,000.00 |
|
1.05 |
% |
|
Less Carryover Principal Chargeoffs |
|
0.0000 |
|
0.00 |
|
0.0000 |
|
0.00 |
|
|
|
|
Ending Stated Amount |
|
97,655.5319 |
|
983,016,100.68 |
|
100,000.0000 |
|
10,400,000.00 |
|
1.05 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Distribution |
|
2,909.3569 |
|
40,193,873.30 |
|
560.5479 |
|
58,296.99 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Note Factor |
|
0.66753775680 |
|
0.6675377568 |
|
1.000000 |
|
1.000000 |
|
|
|
Principal Distribution Statement
|
Principal Collections on Housing Loans |
|
36,645,291.42 |
|
|
|
|
Issue proceeds of any Redraw Notes to be issued on the Payment Date |
|
0.00 |
|
|
|
|
Other Amounts of principal received |
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
Total Principal Collections |
|
|
|
36,645,291.42 |
|
|
|
|
|
|
|
|
|
Reimbursement of Redraws |
|
2,120,653.32 |
|
|
|
|
Principal Draw |
|
0.00 |
|
|
|
|
Repay Redraw Note Principal |
|
0.00 |
|
|
|
|
Class A Principal |
|
34,524,638.10 |
|
|
|
|
Class B Principal |
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
Total Principal Distribution |
|
|
|
36,645,291.42 |
|
Interest Distribution Statement
|
Interest Collections |
|
6,567,690.42 |
|
|
|
|
Principal Drawing |
|
0.00 |
|
|
|
|
Liquidity Drawing |
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
Total Available Income |
|
|
|
6,567,690.42 |
|
|
|
|
|
|
|
|
|
Accrued Interest Adjustment |
|
0.00 |
|
|
|
|
Expenses (includes all fees, net interest rate swap payment and other expenses of the Trust) |
|
277,614.59 |
|
|
|
|
Reimbursement of previous Liquidity Drawings |
|
0.00 |
|
|
|
|
Class A Interest Amount |
|
5,669,235.20 |
|
|
|
|
Note Interest Amount for Redraw Notes |
|
0.00 |
|
|
|
|
Interest payable under the Liquidity Facility Agreement |
|
0.00 |
|
|
|
|
Note Interest Amount for Class B Notes |
|
58,296.99 |
|
|
|
|
|
|
|
|
|
|
|
Excess Available Income available for Distribution (includes reimbursement of Principal Charge-Offs, unreimbursed Principal Drawings and distribution to Residual Income Unit Holder) |
|
|
|
562,543.64 |
|
|
|
|
|
|
|
|
|
Excess Available Income applied to repay Principal Draw |
|
|
|
0.00 |
|
|
Remaining Balance of Principal Draw |
|
|
|
0.00 |
|
Support Facilities (AUD)
|
Liquidity Facility |
|
|
|
|
Liquidity Facility Limit |
|
11,122,500.00 |
|
|
Amount Drawn |
|
0.00 |
|
1
Historical CPR
|
|
|
May 2006 |
|
Jun 2006 |
|
Jul 2006 |
|
Aug 2006 |
|
Sep 2006 |
|
Oct 2006 |
|
Nov 2006 |
|
Dec 2006 |
|
Jan 2007 |
|
Feb 2007 |
|
Mar 2007 |
|
Apr 2007 |
|
|
2006 |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Monthly CPR |
|
29 |
|
37 |
|
32 |
|
33 |
|
33 |
|
30 |
|
40 |
|
36 |
|
31 |
|
28 |
|
31 |
|
33 |
|
Historical Monthly CPR
Delinquency Information as at Month Ending 30 Apr 2007
|
|
|
31-60 Days |
|
61-90 Days |
|
91-120 Days |
|
> 120 days |
|
Foreclosure/ |
|
|
|
|
|
|
Past Due |
|
Past Due |
|
Past Due |
|
Past Due |
|
REO |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
No. of loans |
|
24 |
|
8 |
|
3 |
|
3 |
|
10 |
|
48 |
|
|
No. of loans (%) |
|
0.40 |
% |
0.13 |
% |
0.05 |
% |
0.05 |
% |
0.17 |
% |
0.80 |
% |
|
Balance outstanding ($) |
|
5,041,804.95 |
|
1,602,427.66 |
|
397,404.05 |
|
762,724.94 |
|
1,984,627.26 |
|
9,788,988.86 |
|
|
Balance outstanding (%) |
|
0.51 |
% |
0.16 |
% |
0.04 |
% |
0.08 |
% |
0.20 |
% |
0.99 |
% |
|
Instalment Amount ($) |
|
52,456.19 |
|
27,183.53 |
|
10,568.04 |
|
24,332.02 |
|
66,709.98 |
|
181,249.76 |
|
Historical Delinquencies as a Percentage of Balance Outstanding
|
|
|
May 2006 |
|
Jun 2006 |
|
Jul 2006 |
|
Aug 2006 |
|
Sep 2006 |
|
Oct 2006 |
|
Nov 2006 |
|
Dec 2006 |
|
Jan 2007 |
|
Feb 2007 |
|
Mar 2007 |
|
Apr 2007 |
|
May 2007 |
|
|
|
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31-60 Days Past Due |
|
0.24 |
|
0.36 |
|
0.43 |
|
0.28 |
|
0.26 |
|
0.33 |
|
0.34 |
|
0.40 |
|
0.52 |
|
0.34 |
|
0.54 |
|
0.51 |
|
0.00 |
|
|
61-90 Days Past Due |
|
0.00 |
|
0.03 |
|
0.09 |
|
0.13 |
|
0.08 |
|
0.09 |
|
0.09 |
|
0.07 |
|
0.10 |
|
0.21 |
|
0.14 |
|
0.16 |
|
0.00 |
|
|
91-120 Days Past Due |
|
0.01 |
|
0.01 |
|
0.01 |
|
0.05 |
|
0.02 |
|
0.05 |
|
0.07 |
|
0.14 |
|
0.01 |
|
0.06 |
|
0.07 |
|
0.04 |
|
0.00 |
|
|
> 120 Days Past Due |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.01 |
|
0.06 |
|
0.07 |
|
0.06 |
|
0.06 |
|
0.09 |
|
0.02 |
|
0.04 |
|
0.08 |
|
0.00 |
|
|
Foreclosure/REO |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.02 |
|
0.03 |
|
0.11 |
|
0.11 |
|
0.18 |
|
0.20 |
|
0.00 |
|
|
Total |
|
0.25 |
|
0.40 |
|
0.53 |
|
0.47 |
|
0.42 |
|
0.54 |
|
0.58 |
|
0.70 |
|
0.83 |
|
0.74 |
|
0.97 |
|
0.99 |
|
0.00 |
|
Historical Deliquency Information
2
Loss Data
|
Month Ended |
|
Apr 2007 |
|
||
|
|
|
(AUD) |
|
(No Loans) |
|
|
|
|
|
|
|
|
|
Losses on Sale of Property |
|
0.00 |
|
0 |
|
|
Losses after Mortgage Insurance |
|
0.00 |
|
0 |
|
|
Cumulative Losses after Mortgage Insurance |
|
0.00 |
|
0 |
|
|
Cumulative Losses After Mortgage Insurance (%) |
|
0.00 |
% |
0.00 |
% |
|
Summary and Weighted Average Calculations |
|
At Issue |
|
Nov 2006 |
|
Dec 2006 |
|
Jan 2007 |
|
Feb 2007 |
|
Mar 2007 |
|
Apr 2007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collateral Balance (AUD) |
|
1,482,533,900.05 |
|
1,173,388,657.20 |
|
1,128,729,769.63 |
|
1,092,878,367.56 |
|
1,061,905,933.37 |
|
1,028,954,300.11 |
|
994,558,710.93 |
|
|
Total Number of Loans |
|
8,475 |
|
6,872 |
|
6,650 |
|
6,480 |
|
6,320 |
|
6,137 |
|
5,965 |
|
|
Current Average Loan Balance (AUD) |
|
174,930.25 |
|
170,749.22 |
|
169,733.80 |
|
168,654.07 |
|
168,023.09 |
|
167,664.05 |
|
166,732.39 |
|
|
Maximum Loan Balance (AUD) |
|
573,375.42 |
|
573,161.12 |
|
571,312.66 |
|
571,694.84 |
|
571,485.70 |
|
571,512.03 |
|
571,655.23 |
|
|
Current Weighted Average LVR |
|
52.20 |
% |
50.57 |
% |
50.43 |
% |
50.17 |
% |
49.84 |
% |
49.54 |
% |
49.30 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Loan Rate |
|
6.81 |
% |
7.39 |
% |
7.41 |
% |
7.41 |
% |
7.41 |
% |
7.41 |
% |
7.41 |
% |
|
Weighted Average Term to Maturity (WAM) (months) |
|
321 |
|
314 |
|
313 |
|
312 |
|
311 |
|
310 |
|
309 |
|
|
Weighted Average Seasoning (WAS) (months) |
|
23 |
|
29 |
|
30 |
|
32 |
|
32 |
|
34 |
|
34 |
|
Loan Size Distribution as at Month Ending 30 Apr 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Loan Size Distribution |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan Size < $50,000 |
|
179 |
|
5,117,090.73 |
|
3.00 |
% |
0.51 |
% |
|
$50,000 <Loan Size < $100,000 |
|
797 |
|
63,150,378.21 |
|
13.36 |
% |
6.35 |
% |
|
$100,000 <Loan Size < $150,000 |
|
1,984 |
|
248,502,721.97 |
|
33.26 |
% |
24.99 |
% |
|
$150,000 <Loan Size < $200,000 |
|
1,430 |
|
248,216,221.74 |
|
23.97 |
% |
24.96 |
% |
|
$200,000 <Loan Size < $250,000 |
|
767 |
|
171,336,491.23 |
|
12.86 |
% |
17.23 |
% |
|
$250,000 <Loan Size < $300,000 |
|
404 |
|
110,547,741.10 |
|
6.77 |
% |
11.12 |
% |
|
$300,000 <Loan Size < $350,000 |
|
192 |
|
61,691,329.08 |
|
3.22 |
% |
6.20 |
% |
|
$350,000 <Loan Size < $400,000 |
|
109 |
|
40,911,083.09 |
|
1.83 |
% |
4.11 |
% |
|
$400,000 <Loan Size < $450,000 |
|
71 |
|
29,985,230.47 |
|
1.19 |
% |
3.01 |
% |
|
$450,000 <Loan Size < $500,000 |
|
30 |
|
14,007,977.40 |
|
0.50 |
% |
1.41 |
% |
|
$500,000 <Loan Size < $750,000 |
|
2 |
|
1,092,445.91 |
|
0.03 |
% |
0.11 |
% |
|
$750,000 <Loan Size < $1,000,000 |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,965 |
|
994,558,710.93 |
|
100.00 |
% |
100.00 |
% |
LVR Distribution as at Month Ending 30 Apr 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
LVR Distribution |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
LVR < 50% |
|
3,479 |
|
504,032,737.81 |
|
58.32 |
% |
50.68 |
% |
|
50% < LVR < 55% |
|
458 |
|
83,990,249.31 |
|
7.68 |
% |
8.44 |
% |
|
55% < LVR < 60% |
|
428 |
|
81,721,386.01 |
|
7.18 |
% |
8.22 |
% |
|
60% < LVR < 65% |
|
410 |
|
78,481,981.59 |
|
6.87 |
% |
7.89 |
% |
|
65% < LVR < 70% |
|
443 |
|
87,629,044.26 |
|
7.43 |
% |
8.81 |
% |
|
70% < LVR < 75% |
|
370 |
|
73,832,949.54 |
|
6.20 |
% |
7.42 |
% |
|
75% < LVR < 80% |
|
299 |
|
67,001,548.76 |
|
5.01 |
% |
6.74 |
% |
|
80% < LVR < 85% |
|
27 |
|
6,146,328.73 |
|
0.45 |
% |
0.62 |
% |
|
85% < LVR < 90% |
|
40 |
|
9,207,993.28 |
|
0.67 |
% |
0.93 |
% |
|
90% < LVR < 95% |
|
8 |
|
1,940,159.41 |
|
0.13 |
% |
0.20 |
% |
|
95% < LVR < 100% |
|
1 |
|
166,191.67 |
|
0.02 |
% |
0.02 |
% |
|
LVR > 100% |
|
2 |
|
408,140.56 |
|
0.03 |
% |
0.04 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,965 |
|
994,558,710.93 |
|
100.00 |
% |
100.00 |
% |
Mortgage Insurance as at Month Ending 30 Apr 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Mortgage Insurer |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Genworth Financial |
|
183 |
|
33,540,969.03 |
|
3.07 |
% |
3.37 |
% |
|
Royal & Sun Alliance |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
CGU Lenders Mortgage Insurance |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
PMI |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
Pool Insurance |
|
5,782 |
|
961,017,741.90 |
|
96.93 |
% |
96.63 |
% |
|
Other |
|
|
|
|
|
0.00 |
% |
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,965 |
|
994,558,710.93 |
|
100.00 |
% |
100.00 |
% |
3
Geographic Distribution as at Month Ending 30 Apr 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Geographic Distribution |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
ACT Inner City |
|
95 |
|
15,747,833.02 |
|
1.59 |
% |
1.58 |
% |
|
ACT Metro |
|
49 |
|
8,322,480.58 |
|
0.82 |
% |
0.84 |
% |
|
ACT Non Metro |
|
1 |
|
145,017.61 |
|
0.02 |
% |
0.01 |
% |
|
NSW Sydney Inner City |
|
7 |
|
1,526,355.90 |
|
0.12 |
% |
0.15 |
% |
|
NSW Sydney Metro |
|
818 |
|
170,997,086.41 |
|
13.71 |
% |
17.19 |
% |
|
NSW Non-Metro |
|
664 |
|
108,779,892.61 |
|
11.13 |
% |
10.94 |
% |
|
QLD Brisbane Inner City |
|
11 |
|
1,756,397.67 |
|
0.18 |
% |
0.18 |
% |
|
QLD Brisbane Metro |
|
579 |
|
105,032,220.87 |
|
9.71 |
% |
10.56 |
% |
|
QLD Non-Metro |
|
559 |
|
93,548,519.43 |
|
9.37 |
% |
9.41 |
% |
|
VIC Melbourne Inner City |
|
36 |
|
6,773,454.55 |
|
0.60 |
% |
0.68 |
% |
|
VIC Melbourne Metro |
|
1,698 |
|
268,034,536.60 |
|
28.47 |
% |
26.95 |
% |
|
VIC Non-Metro |
|
542 |
|
72,553,963.76 |
|
9.09 |
% |
7.30 |
% |
|
WA Perth Inner City |
|
18 |
|
3,138,828.56 |
|
0.30 |
% |
0.32 |
% |
|
WA Perth Metro |
|
309 |
|
53,789,376.47 |
|
5.18 |
% |
5.41 |
% |
|
WA Non-Metro |
|
53 |
|
9,050,174.78 |
|
0.89 |
% |
0.91 |
% |
|
SA Adelaide Inner City |
|
6 |
|
931,366.86 |
|
0.10 |
% |
0.09 |
% |
|
SA Adelaide Metro |
|
291 |
|
43,560,478.14 |
|
4.88 |
% |
4.38 |
% |
|
SA Non-Metro |
|
76 |
|
9,831,644.53 |
|
1.27 |
% |
0.99 |
% |
|
NT Darwin Inner City |
|
33 |
|
4,863,254.15 |
|
0.55 |
% |
0.49 |
% |
|
NT Darwin Metro |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
NT Non-Metro |
|
7 |
|
895,103.11 |
|
0.12 |
% |
0.09 |
% |
|
TAS Hobart Inner City |
|
3 |
|
294,175.54 |
|
0.05 |
% |
0.03 |
% |
|
TAS Hobart Metro |
|
57 |
|
8,340,677.74 |
|
0.96 |
% |
0.84 |
% |
|
TAS Non-Metro |
|
53 |
|
6,645,872.04 |
|
0.89 |
% |
0.67 |
% |
|
Undefined Post Code |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,965 |
|
994,558,710.93 |
|
100.00 |
% |
100.00 |
% |
Seasoning Analysis – Total Portfolio as at Month Ending 30 Apr 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Seasoning Analysis |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Seasoning < 3 months |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
3 months < Seasoning < 6 months |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
6 months < Seasoning < 12 months |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
12 months < Seasoning < 18 months |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
18 months < Seasoning < 24 months |
|
1,070 |
|
181,166,479.98 |
|
22.93 |
% |
23.68 |
% |
|
24 months < Seasoning < 36 months |
|
1,292 |
|
229,287,701.75 |
|
27.69 |
% |
29.97 |
% |
|
36 months < Seasoning < 48 months |
|
1,716 |
|
266,190,967.25 |
|
36.78 |
% |
34.80 |
% |
|
48 months < Seasoning < 60 months |
|
347 |
|
56,853,197.70 |
|
7.44 |
% |
7.43 |
% |
|
Seasoning > 60 months |
|
241 |
|
31,467,222.17 |
|
5.17 |
% |
4.11 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
4,666 |
|
764,965,568.85 |
|
100.00 |
% |
100.00 |
% |
Remaining Loan Term as at Month Ending 30 Apr 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Remaining Loan Term |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term < 5 years |
|
6 |
|
387,586.45 |
|
0.10 |
% |
0.04 |
% |
|
5 years < Term < 10 years |
|
53 |
|
4,348,027.77 |
|
0.89 |
% |
0.44 |
% |
|
10 years < Term < 15 years |
|
126 |
|
13,781,674.97 |
|
2.11 |
% |
1.39 |
% |
|
15 years < Term < 20 years |
|
526 |
|
69,920,909.12 |
|
8.82 |
% |
7.03 |
% |
|
20 years < Term < 25 years |
|
699 |
|
105,925,476.03 |
|
11.72 |
% |
10.65 |
% |
|
25 years < Term < 30 years |
|
4,555 |
|
800,195,036.59 |
|
76.36 |
% |
80.46 |
% |
|
30 years < Term < 35 years |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
Term > 35 years |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,965 |
|
994,558,710.93 |
|
100.00 |
% |
100.00 |
% |
Loan Purpose as at Month Ending 30 Apr 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Loan Purpose |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase |
|
904 |
|
157,788,909.96 |
|
15.16 |
% |
15.87 |
% |
|
Refinance |
|
3,434 |
|
563,988,684.66 |
|
57.57 |
% |
56.71 |
% |
|
Home Improvement |
|
723 |
|
114,249,235.58 |
|
12.12 |
% |
11.49 |
% |
|
Investor |
|
779 |
|
138,141,312.46 |
|
13.06 |
% |
13.89 |
% |
|
Other |
|
125 |
|
20,390,568.27 |
|
2.10 |
% |
2.05 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,965 |
|
994,558,710.93 |
|
100.00 |
% |
100.00 |
% |
4
Loan Type by Interest Rate as at Month Ending 30 Apr 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Loan Type |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Variable Rate |
|
4,666 |
|
764,965,568.85 |
|
78.22 |
% |
76.92 |
% |
|
Fixed Rate |
|
1,299 |
|
229,593,142.08 |
|
21.78 |
% |
23.08 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,965 |
|
994,558,710.93 |
|
100.00 |
% |
100.00 |
% |
Fixed Rate Term Remaining as at Month Ending 30 Apr 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Remaining Fixed Rate Term |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term < 1 year |
|
755 |
|
139,688,941.21 |
|
58.12 |
% |
60.84 |
% |
|
1 years < Term < 2 years |
|
358 |
|
58,386,043.88 |
|
27.56 |
% |
25.43 |
% |
|
2 years < Term < 3 years |
|
135 |
|
22,843,436.11 |
|
10.39 |
% |
9.95 |
% |
|
3 years < Term < 4 years |
|
31 |
|
5,242,745.88 |
|
2.39 |
% |
2.28 |
% |
|
4 years < Term < 5 years |
|
5 |
|
618,378.20 |
|
0.38 |
% |
0.27 |
% |
|
Term > 5 years |
|
15 |
|
2,813,596.80 |
|
1.15 |
% |
1.23 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
1,299 |
|
229,593,142.08 |
|
100.00 |
% |
100.00 |
% |
Contact Details
|
Trust Manager |
|
National Global MBS Manager Pty Ltd |
|
|
|
|
|
|
|
|
|
|
|
Contacts |
|
Eva Zileli |
|
|
|
|
|
|
Manager Securitisation & Funding |
|
|
|
|
|
|
National Australia Bank (Melbourne, Australia) |
|
|
|
|
|
|
Phone: |
(+613) 8634 8219 |
||
|
|
|
Facsimile: |
(+613) 8634 3822 |
||
|
|
|
Email: |
Eva.Zileli@nab.com.au |
||
5
Monthly Report as at 13 Jun 2007
This report is provided pursuant to the “Reports to Noteholders” section of the prospectus dated 23 May 2006.
A definition or description of certain terms used in this report together with a full description of the transaction may be found in the prospectus.
Further information is available to investors on Bloomberg (page reference [NRMBS]). Information in this report and on Bloomberg have been sourced from the same data.
Differences in formatting, calculation and rounding methodology may cause discrepancies between the two sources.
Current Periods and Interest Rates
|
Determination Date |
|
13 Jun 2007 |
|
|
|
|
|
|
|
Payment Date |
|
20 Jun 2007 |
|
|
|
|
|
|
|
Interest Period |
|
|
|
|
From (and including) |
|
21 May 2007 |
|
|
To (but excluding) |
|
20 Jun 2007 |
|
|
Number of days |
|
30 |
|
|
|
|
|
|
|
Collection Period |
|
|
|
|
From start of month |
|
May 2007 |
|
|
To end of month |
|
May 2007 |
|
|
|
Class A Notes |
|
Class B Notes |
|
|
|
|
|
|
|
|
|
|
BBSW |
|
6.3250 |
|
6.3250 |
% pa |
|
|
|
|
|
|
|
|
Margin |
|
0.1400 |
% pa |
0.1800 |
% pa |
|
|
|
|
|
|
|
|
Interest Rate |
|
6.4650 |
% pa |
6.5050 |
% pa |
Noteholder Distribution Summary
|
|
|
Class A Notes |
|
Class B Notes |
|
Subordination |
|
||||
|
|
|
Per Note |
|
Aggregate |
|
Per Note |
|
Aggregate |
|
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Original Face Amount |
|
100,000.0000 |
|
1,472,600,000.00 |
|
100,000.00 |
|
10,400,000.00 |
|
0.70 |
% |
|
Beginning Note Balance |
|
64,409.3075 |
|
983,016,100.68 |
|
100,000.00 |
|
10,400,000.00 |
|
1.05 |
% |
|
Interest Distribution |
|
347.0051 |
|
5,223,451.31 |
|
534.6575 |
|
55,604.38 |
|
|
|
|
Principal Distribution |
|
2,537.5621 |
|
37,368,139.87 |
|
0.0000 |
|
0.00 |
|
|
|
|
Ending Note Balance |
|
61,871.7454 |
|
945,647,960.81 |
|
100,000.0000 |
|
10,400,000.00 |
|
1.09 |
% |
|
Less Carryover Principal Chargeoffs |
|
0.0000 |
|
0.00 |
|
0.0000 |
|
0.00 |
|
|
|
|
Ending Stated Amount |
|
61,871.7454 |
|
945,647,960.81 |
|
100,000.0000 |
|
10,400,000.00 |
|
1.09 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Distribution |
|
2,884.5672 |
|
42,591,591.18 |
|
534.6575 |
|
55,604.38 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Note Factor |
|
0.64216213550 |
|
0.6421621355 |
|
1.000000 |
|
1.000000 |
|
|
|
Principal Distribution Statement
|
Principal Collections on Housing Loans |
|
39,019,766.02 |
|
|
|
|
Issue proceeds of any Redraw Notes to be issued on the Payment Date |
|
0.00 |
|
|
|
|
Other Amounts of principal received |
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
Total Principal Collections |
|
|
|
39,019,766.02 |
|
|
|
|
|
|
|
|
|
Reimbursement of Redraws |
|
1,651,626.15 |
|
|
|
|
Principal Draw |
|
0.00 |
|
|
|
|
Repay Redraw Note Principal |
|
0.00 |
|
|
|
|
Class A Principal |
|
37,368,139.87 |
|
|
|
|
Class B Principal |
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
Total Principal Distribution |
|
|
|
39,019,766.02 |
|
Interest Distribution Statement
|
Interest Collections |
|
6,364,605.65 |
|
|
|
|
Principal Drawing |
|
0.00 |
|
|
|
|
Liquidity Drawing |
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
Total Available Income |
|
|
|
6,364,605.65 |
|
|
Accrued Interest Adjustment |
|
0.00 |
|
|
|
|
Expenses (includes all fees, net interest rate swap payment and other expenses of the Trust) |
|
259,622.07 |
|
|
|
|
Reimbursement of previous Liquidity Drawings |
|
0.00 |
|
|
|
|
Class A Interest Amount |
|
5,223,451.31 |
|
|
|
|
Note Interest Amount for Redraw Notes |
|
0.00 |
|
|
|
|
Interest payable under the Liquidity Facility Agreement |
|
0.00 |
|
|
|
|
Note Interest Amount for Class B Notes |
|
55,604.38 |
|
|
|
|
|
|
|
|
|
|
|
Excess Available Income available for Distribution (includes reimbursement of Principal Charge-Offs, unreimbursed Principal Drawings and distribution to Residual Income Unit Holder) |
|
|
|
825,927.89 |
|
|
|
|
|
|
|
|
|
Excess Available Income applied to repay Principal Draw |
|
|
|
0.00 |
|
|
Remaining Balance of Principal Draw |
|
|
|
0.00 |
|
Support Facilities (AUD)
|
Liquidity Facility |
|
|
|
|
Liquidity Facility Limit |
|
11,122,500.00 |
|
|
Amount Drawn |
|
0.00 |
|
1
Historical CPR
|
|
May 2006 |
|
Jun 2006 |
|
Jul 2006 |
|
Aug 2006 |
|
Sep 2006 |
|
Oct 2006 |
|
Nov 2006 |
|
Dec 2006 |
|
Jan 2007 |
|
Feb 2007 |
|
Mar 2007 |
|
Apr 2007 |
|
May 2007 |
|
|
|
2006 |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Monthly CPR |
|
29 |
|
37 |
|
32 |
|
33 |
|
33 |
|
30 |
|
40 |
|
36 |
|
31 |
|
28 |
|
31 |
|
33 |
|
36 |
|
Historical Monthly CPR
Delinquency Information as at Month Ending 31 May 2007
|
|
|
31-60 Days |
|
61-90 Days |
|
91-120 Days |
|
> 120 days |
|
Foreclosure/ |
|
|
|
|
|
|
Past Due |
|
Past Due |
|
Past Due |
|
Past Due |
|
REO |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
No. of loans |
|
18 |
|
8 |
|
3 |
|
4 |
|
9 |
|
42 |
|
|
No. of loans (%) |
|
0.31 |
% |
0.14 |
% |
0.05 |
% |
0.07 |
% |
0.16 |
% |
0.73 |
% |
|
Balance outstanding ($) |
|
3,092,673.56 |
|
1,716,006.63 |
|
714,939.95 |
|
899,371.61 |
|
1,861,896.51 |
|
8,284,888.26 |
|
|
Balance outstanding (%) |
|
0.32 |
% |
0.18 |
% |
0.07 |
% |
0.09 |
% |
0.19 |
% |
0.85 |
% |
|
Instalment Amount ($) |
|
30,964.06 |
|
32,359.53 |
|
16,939.83 |
|
33,706.46 |
|
66,205.54 |
|
180,175.42 |
|
Historical Delinquencies as a Percentage of Balance Outstanding
|
|
|
May 2006 |
|
Jun 2006 |
|
Jul 2006 |
|
Aug 2006 |
|
Sep 2006 |
|
Oct 2006 |
|
Nov 2006 |
|
Dec 2006 |
|
Jan 2007 |
|
Feb 2007 |
|
Mar 2007 |
|
Apr 2007 |
|
May 2007 |
|
|
|
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31-60 Days Past Due |
|
0.24 |
|
0.36 |
|
0.43 |
|
0.28 |
|
0.26 |
|
0.33 |
|
0.34 |
|
0.40 |
|
0.52 |
|
0.34 |
|
0.54 |
|
0.51 |
|
0.32 |
|
|
61-90 Days Past Due |
|
0.00 |
|
0.03 |
|
0.09 |
|
0.13 |
|
0.08 |
|
0.09 |
|
0.09 |
|
0.07 |
|
0.10 |
|
0.21 |
|
0.14 |
|
0.16 |
|
0.18 |
|
|
91-120 Days Past Due |
|
0.01 |
|
0.01 |
|
0.01 |
|
0.05 |
|
0.02 |
|
0.05 |
|
0.07 |
|
0.14 |
|
0.01 |
|
0.06 |
|
0.07 |
|
0.04 |
|
0.07 |
|
|
> 120 Days Past Due |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.01 |
|
0.06 |
|
0.07 |
|
0.06 |
|
0.06 |
|
0.09 |
|
0.02 |
|
0.04 |
|
0.08 |
|
0.09 |
|
|
Foreclosure/REO |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.02 |
|
0.03 |
|
0.11 |
|
0.11 |
|
0.18 |
|
0.20 |
|
0.19 |
|
|
Total |
|
0.25 |
|
0.40 |
|
0.53 |
|
0.47 |
|
0.42 |
|
0.54 |
|
0.58 |
|
0.70 |
|
0.83 |
|
0.74 |
|
0.97 |
|
0.99 |
|
0.85 |
|
Historical Delinquency Information
2
Loss Data
|
|
|
May 2007 |
|
||
|
Month Ended |
|
(AUD) |
|
(No Loans) |
|
|
|
|
|
|
|
|
|
Losses on Sale of Property |
|
0.00 |
|
0 |
|
|
Losses after Mortgage Insurance |
|
0.00 |
|
0 |
|
|
Cumulative Losses after Mortgage Insurance |
|
0.00 |
|
0 |
|
|
Cumulative Losses After Mortgage Insurance (%) |
|
0.00 |
% |
0.00 |
% |
|
Summary and Weighted Average Calculations |
|
At Issue |
|
Dec 2006 |
|
Jan 2007 |
|
Feb 2007 |
|
Mar 2007 |
|
Apr 2007 |
|
May 2007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collateral Balance (AUD) |
|
1,482,533,900.05 |
|
1,128,729,769.63 |
|
1,092,878,367.56 |
|
1,061,905,933.37 |
|
1,028,954,300.11 |
|
994,558,710.93 |
|
957,177,023.98 |
|
|
Total Number of Loans |
|
8,475 |
|
6,650 |
|
6,480 |
|
6,320 |
|
6,137 |
|
5,965 |
|
5,767 |
|
|
Current Average Loan Balance (AUD) |
|
174,930.25 |
|
169,733.80 |
|
168,654.07 |
|
168,023.09 |
|
167,664.05 |
|
166,732.39 |
|
165,974.86 |
|
|
Maximum Loan Balance (AUD) |
|
573,375.42 |
|
571,312.66 |
|
571,694.84 |
|
571,485.70 |
|
571,512.03 |
|
571,655.23 |
|
571,763.89 |
|
|
Current Weighted Average LVR |
|
52.20 |
% |
50.43 |
% |
50.17 |
% |
49.84 |
% |
49.54 |
% |
49.30 |
% |
49.10 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Loan Rate |
|
6.81 |
% |
7.41 |
% |
7.41 |
% |
7.41 |
% |
7.41 |
% |
7.41 |
% |
7.41 |
% |
|
Weighted Average Term to Maturity (WAM) (months) |
|
321 |
|
313 |
|
312 |
|
311 |
|
310 |
|
309 |
|
308 |
|
|
Weighted Average Seasoning (WAS) (months) |
|
23 |
|
30 |
|
32 |
|
32 |
|
34 |
|
34 |
|
36 |
|
Loan Size Distribution as at Month Ending 31 May 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Loan Size Distribution |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan Size < $50,000 |
|
183 |
|
5,530,050.95 |
|
3.17 |
% |
0.58 |
% |
|
$50,000 <Loan Size < $100,000 |
|
785 |
|
62,439,569.42 |
|
13.61 |
% |
6.52 |
% |
|
$100,000 <Loan Size < $150,000 |
|
1,925 |
|
241,089,687.50 |
|
33.38 |
% |
25.19 |
% |
|
$150,000 <Loan Size < $200,000 |
|
1,359 |
|
235,912,336.09 |
|
23.57 |
% |
24.65 |
% |
|
$200,000 <Loan Size < $250,000 |
|
744 |
|
166,008,025.18 |
|
12.90 |
% |
17.34 |
% |
|
$250,000 <Loan Size < $300,000 |
|
386 |
|
105,542,552.97 |
|
6.69 |
% |
11.03 |
% |
|
$300,000 <Loan Size < $350,000 |
|
181 |
|
58,021,457.72 |
|
3.14 |
% |
6.06 |
% |
|
$350,000 <Loan Size < $400,000 |
|
108 |
|
40,527,147.37 |
|
1.87 |
% |
4.23 |
% |
|
$400,000 <Loan Size < $450,000 |
|
65 |
|
27,495,769.63 |
|
1.13 |
% |
2.87 |
% |
|
$450,000 <Loan Size < $500,000 |
|
29 |
|
13,518,918.89 |
|
0.50 |
% |
1.41 |
% |
|
$500,000 <Loan Size < $750,000 |
|
2 |
|
1,091,508.26 |
|
0.03 |
% |
0.11 |
% |
|
$750,000 <Loan Size < $1,000,000 |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,767 |
|
957,177,023.98 |
|
100.00 |
% |
100.00 |
% |
LVR Distribution as at Month Ending 31 May 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
LVR Distribution |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
LVR < 50% |
|
3,395 |
|
489,585,733.83 |
|
58.87 |
% |
51.15 |
% |
|
50% < LVR < 55% |
|
442 |
|
81,019,951.08 |
|
7.66 |
% |
8.46 |
% |
|
55% < LVR < 60% |
|
406 |
|
77,842,120.18 |
|
7.04 |
% |
8.13 |
% |
|
60% < LVR < 65% |
|
393 |
|
75,023,764.01 |
|
6.81 |
% |
7.84 |
% |
|
65% < LVR < 70% |
|
412 |
|
80,876,156.30 |
|
7.14 |
% |
8.45 |
% |
|
70% < LVR < 75% |
|
355 |
|
70,653,924.08 |
|
6.16 |
% |
7.38 |
% |
|
75% < LVR < 80% |
|
282 |
|
63,141,459.33 |
|
4.89 |
% |
6.60 |
% |
|
80% < LVR < 85% |
|
29 |
|
6,919,033.29 |
|
0.50 |
% |
0.72 |
% |
|
85% < LVR < 90% |
|
41 |
|
9,518,482.36 |
|
0.71 |
% |
0.99 |
% |
|
90% < LVR < 95% |
|
7 |
|
1,597,047.35 |
|
0.12 |
% |
0.17 |
% |
|
95% < LVR < 100% |
|
2 |
|
411,619.64 |
|
0.03 |
% |
0.04 |
% |
|
LVR > 100% |
|
3 |
|
587,732.53 |
|
0.05 |
% |
0.06 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,767 |
|
957,177,023.98 |
|
100.00 |
% |
100.00 |
% |
Mortgage Insurance as at Month Ending 31 May 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Mortgage Insurer |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Genworth Financial |
|
178 |
|
32,824,908.01 |
|
3.09 |
% |
3.43 |
% |
|
Royal & Sun Alliance |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
CGU Lenders Mortgage Insurance |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
PMI |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
Pool Insurance |
|
5,589 |
|
924,352,115.97 |
|
96.91 |
% |
96.57 |
% |
|
Other |
|
|
|
|
|
0.00 |
% |
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,767 |
|
957,177,023.98 |
|
100.00 |
% |
100.00 |
% |
3
Geographic Distribution as at Month Ending 31 May 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Geographic Distribution |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
ACT Inner City |
|
90 |
|
15,154,278.73 |
|
1.56 |
% |
1.58 |
% |
|
ACT Metro |
|
47 |
|
8,057,062.65 |
|
0.81 |
% |
0.84 |
% |
|
ACT Non Metro |
|
1 |
|
144,895.18 |
|
0.02 |
% |
0.02 |
% |
|
NSW Sydney Inner City |
|
6 |
|
1,189,635.00 |
|
0.10 |
% |
0.12 |
% |
|
NSW Sydney Metro |
|
788 |
|
163,371,814.58 |
|
13.66 |
% |
17.07 |
% |
|
NSW Non-Metro |
|
651 |
|
106,134,877.81 |
|
11.29 |
% |
11.09 |
% |
|
QLD Brisbane Inner City |
|
11 |
|
1,784,086.87 |
|
0.19 |
% |
0.19 |
% |
|
QLD Brisbane Metro |
|
553 |
|
99,893,919.02 |
|
9.59 |
% |
10.44 |
% |
|
QLD Non-Metro |
|
537 |
|
89,922,143.70 |
|
9.31 |
% |
9.39 |
% |
|
VIC Melbourne Inner City |
|
33 |
|
6,561,255.27 |
|
0.57 |
% |
0.69 |
% |
|
VIC Melbourne Metro |
|
1,656 |
|
260,329,722.32 |
|
28.72 |
% |
27.20 |
% |
|
VIC Non-Metro |
|
523 |
|
69,652,921.31 |
|
9.07 |
% |
7.28 |
% |
|
WA Perth Inner City |
|
18 |
|
2,894,175.64 |
|
0.31 |
% |
0.30 |
% |
|
WA Perth Metro |
|
296 |
|
51,197,184.74 |
|
5.13 |
% |
5.35 |
% |
|
WA Non-Metro |
|
51 |
|
8,826,735.68 |
|
0.88 |
% |
0.92 |
% |
|
SA Adelaide Inner City |
|
6 |
|
928,981.75 |
|
0.10 |
% |
0.10 |
% |
|
SA Adelaide Metro |
|
281 |
|
41,820,197.43 |
|
4.87 |
% |
4.37 |
% |
|
SA Non-Metro |
|
71 |
|
9,095,365.36 |
|
1.23 |
% |
0.95 |
% |
|
NT Darwin Inner City |
|
31 |
|
4,518,615.48 |
|
0.54 |
% |
0.47 |
% |
|
NT Darwin Metro |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
NT Non-Metro |
|
7 |
|
889,735.94 |
|
0.12 |
% |
0.09 |
% |
|
TAS Hobart Inner City |
|
3 |
|
284,572.59 |
|
0.05 |
% |
0.03 |
% |
|
TAS Hobart Metro |
|
55 |
|
7,946,270.07 |
|
0.95 |
% |
0.83 |
% |
|
TAS Non-Metro |
|
52 |
|
6,578,576.86 |
|
0.90 |
% |
0.69 |
% |
|
Undefined Post Code |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,767 |
|
957,177,023.98 |
|
100.00 |
% |
100.00 |
% |
Seasoning Analysis – Total Portfolio as at Month Ending 31 May 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Seasoning Analysis |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Seasoning < 3 months |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
3 months < Seasoning < 6 months |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
6 months < Seasoning < 12 months |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
12 months < Seasoning < 18 months |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
18 months < Seasoning < 24 months |
|
1,051 |
|
176,107,037.84 |
|
18.22 |
% |
18.40 |
% |
|
24 months < Seasoning < 36 months |
|
1,967 |
|
354,464,235.35 |
|
34.11 |
% |
37.03 |
% |
|
36 months < Seasoning < 48 months |
|
1,979 |
|
310,424,154.59 |
|
34.32 |
% |
32.43 |
% |
|
48 months < Seasoning < 60 months |
|
504 |
|
81,146,978.24 |
|
8.74 |
% |
8.48 |
% |
|
Seasoning > 60 months |
|
266 |
|
35,034,617.96 |
|
4.61 |
% |
3.66 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,767 |
|
957,177,023.98 |
|
100.00 |
% |
100.00 |
% |
Remaining Loan Term as at Month Ending 31 May 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Remaining Loan Term |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term < 5 years |
|
7 |
|
456,331.72 |
|
0.12 |
% |
0.05 |
% |
|
5 years < Term < 10 years |
|
51 |
|
4,091,623.43 |
|
0.88 |
% |
0.43 |
% |
|
10 years < Term < 15 years |
|
119 |
|
12,968,030.38 |
|
2.06 |
% |
1.35 |
% |
|
15 years < Term < 20 years |
|
519 |
|
68,640,319.08 |
|
9.00 |
% |
7.17 |
% |
|
20 years < Term < 25 years |
|
690 |
|
105,443,053.23 |
|
11.96 |
% |
11.02 |
% |
|
25 years < Term < 30 years |
|
4,381 |
|
765,577,666.14 |
|
75.97 |
% |
79.98 |
% |
|
30 years < Term < 35 years |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
Term > 35 years |
|
— |
|
— |
|
0.00 |
% |
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,767 |
|
957,177,023.98 |
|
100.00 |
% |
100.00 |
% |
Loan Purpose as at Month Ending 31 May 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Loan Purpose |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase |
|
867 |
|
151,274,697.55 |
|
15.03 |
% |
15.80 |
% |
|
Refinance |
|
3,317 |
|
541,914,257.81 |
|
57.52 |
% |
56.62 |
% |
|
Home Improvement |
|
702 |
|
110,528,305.68 |
|
12.17 |
% |
11.55 |
% |
|
Investor |
|
758 |
|
133,261,718.71 |
|
13.14 |
% |
13.92 |
% |
|
Other |
|
123 |
|
20,198,044.23 |
|
2.13 |
% |
2.11 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,767 |
|
957,177,023.98 |
|
100.00 |
% |
100.00 |
% |
4
Loan Type by Interest Rate as at Month Ending 31 May 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Loan Type |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Variable Rate |
|
4,520 |
|
736,786,442.38 |
|
78.38 |
% |
76.97 |
% |
|
Fixed Rate |
|
1,247 |
|
220,390,581.60 |
|
21.62 |
% |
23.03 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
5,767 |
|
957,177,023.98 |
|
100.00 |
% |
100.00 |
% |
Fixed Rate Term Remaining as at Month Ending 31 May 2007
|
|
|
Number of |
|
Balance of |
|
Number of |
|
Balance of |
|
|
Remaining Fixed Rate Term |
|
Loans |
|
Loans (AUD) |
|
Loans (%) |
|
Loans (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term < 1 year |
|
762 |
|
140,871,065.19 |
|
61.11 |
% |
63.92 |
% |
|
1 years < Term < 2 years |
|
306 |
|
49,227,717.28 |
|
24.54 |
% |
22.34 |
% |
|
2 years < Term < 3 years |
|
133 |
|
22,303,456.55 |
|
10.67 |
% |
10.12 |
% |
|
3 years < Term < 4 years |
|
28 |
|
4,828,505.65 |
|
2.25 |
% |
2.19 |
% |
|
4 years < Term < 5 years |
|
3 |
|
350,864.37 |
|
0.24 |
% |
0.16 |
% |
|
Term > 5 years |
|
15 |
|
2,808,972.56 |
|
1.20 |
% |
1.27 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
1,247 |
|
220,390,581.60 |
|
100.00 |
% |
100.00 |
% |
Contact Details
|
Trust Manager |
National Global MBS Manager Pty Ltd |
|
|
|
|
|
|
Contacts |
Eva Zileli |
|
|
|
Manager Securitisation & Funding |
|
|
|
National Australia Bank (Melbourne, Australia) |
|
|
|
Phone: |
(+613) 8634 8219 |
|
|
Facsimile: |
(+613) 8634 3822 |
|
|
Email: |
Eva.Zileli@nab.com.au |
5
SIGNATURE PAGE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
|
|
NATIONAL AUSTRALIA BANK LIMITED |
|||
|
|
|
|
||
|
|
|
|
||
|
|
|
Signature: |
/s/ Brendan T Case |
|
|
Date: 20 June 2007 |
|
Name: Brendan T Case |
||
|
|
|
Title: Associate Company Secretary |
||