ALBA 2007 – 1 plc - Irish Stock Exchange

(p)
(q)
(r)
(s)
interest on the Notes is always calculated on the basis of actual days elapsed in a 365 year
(without adjustment);
there is no pre-funding;
the Notes will be redeemed in accordance with the Conditions; and
the Mortgage Pool will be purchased on the Issue Date and has the characteristics defined in
"Mortgage Pool".
Weighted Average Life of A1 Notes in Years
Constant
Prepayment
Rate (per
cent.) of
Owner
Occupied
Constant Payment Rate (per cent.) of Buy to Let Loans
A1 5 10 15 20 25 30 10/20 1
10 1.42 1.30 1.19 1.11 1.04 0.97 1.23
15 1.02 0.95 0.90 0.85 0.81 0.77 0.94
20 0.80 0.76 0.72 0.70 0.67 0.64 0.76
25 0.66 0.64 0.61 0.59 0.57 0.56 0.64
30 0.57 0.55 0.53 0.52 0.50 0.48 0.55
35 0.49 0.48 0.47 0.46 0.45 0.44 0.48
40 0.44 0.44 0.43 0.42 0.41 0.40 0.44
Loans 15/35 2 0.92 0.88 0.84 0.81 0.78 0.75 0.87
1
2
This relates to a CPR of 10 per cent. For the first 12 months followed by a CPR of 20 per cent.
This relates to a CPR of 15 per cent. For the first 12 months followed by a CPR of 35 per cent.
Weighted Average Life of A2 Notes in Years
Constant
Prepayment
Rate (per
Constant Payment Rate (per cent.) of Buy to Let Loans
A2 5 10 15 20 25 30 10/20 1
10 4.48 4.04 3.72 3.48 3.28 3.12 3.61
15 3.20 2.95 2.75 2.60 2.47 2.35 2.71
20 2.47 2.32 2.19 2.07 1.98 1.90 2.18
25 2.00 1.89 1.80 1.72 1.65 1.59 1.81
cent.) of 30 1.67 1.59 1.52 1.46 1.41 1.36 1.54
Owner 35 1.42 1.37 1.31 1.27 1.22 1.18 1.34
Occupied 40 1.23 1.18 1.14 1.11 1.08 1.05 1.17
Loans 15/35 2 2.00 1.93 1.86 1.81 1.75 1.70 1.86
1
2
This relates to a CPR of 10 per cent. For the first 12 months followed by a CPR of 20 per cent.
This relates to a CPR of 15 per cent. For the first 12 months followed by a CPR of 35 per cent.