ALBA 2007 â 1 plc - Irish Stock Exchange
ALBA 2007 â 1 plc - Irish Stock Exchange
ALBA 2007 â 1 plc - Irish Stock Exchange
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GMAC-RFC LIBOR -Linked Mortgage Loans under which the interest accrues at a rate equal to LIBOR<br />
plus a margin expressed as a percentage over LIBOR. The margin applicable to such Mortgage Loans<br />
has been discounted by between 0.70 per cent. and 2.25 per cent. for a specific period ending no later<br />
than 1 February 2009 and thereafter reverts to LIBOR plus a margin at the expiry of the relevant<br />
period.<br />
Fixed Reverting to LIBOR Mortgage Loans<br />
Approximately 21.12 per cent. by loan count and 21.00 per cent. by value of the Mortgage Loans (the<br />
"Fixed Reverting to LIBOR Mortgage Loans") comprised in the Preliminary Completion Mortgage<br />
Pool are LIBOR-Linked Mortgage Loans under which interest accrues at a fixed rate of interest for a<br />
specific period and thereafter reverts to LIBOR plus a reversionary margin expressed as a percentage<br />
over LIBOR at the expiry of the relevant fixed rate period. The fixed rate period expires on one of<br />
several dates ending between 20 July 2008 and 1 February 2010.<br />
Tracker Rate Mortgage Loans<br />
Approximately 0.88 per cent. by loan count and 0.95 per cent. by value of the Mortgage Loans (the<br />
"Tracker Rate Mortgage Loans") comprised in the Preliminary Completion Mortgage Pool are Bank<br />
of England Repo Rate-Linked Mortgage Loans under which interest accrues at a rate equal to the Bank<br />
of England repo rate plus a fixed margin expressed as a percentage over the Bank of England repo rate.<br />
Such margin is fixed (in relation to the Bank of England repo rate) for the term of the Mortgage Loan.<br />
Fixed Reverting to Tracker Rate Mortgage Loans<br />
Approximately 10.66 per cent. by loan count and 9.94 per cent. by value of the Mortgage Loans (the<br />
"Fixed Reverting to Tracker Rate Mortgage Loans") comprised in the Preliminary Completion<br />
Mortgage Pool are Bank of England Repo-Rate Linked Mortgage Loans under which interest accrues at<br />
a fixed rate of interest for a specific period and thereafter interest accrues at a rate equal to the Bank of<br />
England repo rate plus a fixed margin expressed as a percentage over the Bank of England repo rate.<br />
The fixed rate period expires on one of several dates ending between 1 April <strong>2007</strong> and 1 January 2009.<br />
Discount Tracker Rate Mortgage Loans<br />
Approximately 6.74 per cent. by loan count and 5.97 per cent. by value of the Mortgage Loans (the<br />
"Discount Tracker Rate Mortgage Loans") comprised in the Preliminary Completion Mortgage Pool<br />
are Bank of England Repo Rate-Linked Mortgage Loans under which interest accrues at a rate equal to<br />
the Bank of England repo rate plus a margin expressed as a percentage over the Bank of England repo<br />
rate. The margin applicable to such Mortgage Loans has been discounted by up to 1.10 per cent. until<br />
one of several dates ending no later than 1 February 2009 and thereafter reverts to the relevant Bank of<br />
England Repo Rate Linked Mortgage Rate at the end of the relevant period.<br />
Discount SVR Mortgage Loans<br />
Approximately 8.49 per cent. by loan count and 9.35 per cent. by value of the Mortgage Loans (the<br />
"Discount SVR Mortgage Loans ") comprised in the Preliminary Completion Mortgage Pool are Bank<br />
of England Repo Rate-Linked Mortgage Loans under which interest accrues at SVR where SVR has<br />
been discounted by between 0.74 per cent. and 1.54 per cent. between certain dates ending no later<br />
than 1 April 2009 and thereafter reverts to SVR at the end of the relevant period.<br />
Fixed Reverting to SVR Mortgage Loans
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