| Agents: |
Long-Term
Rating |
Short-Term
Rating |
| ISSUER |
Geldilux
99-1 Ltd. |
|
|
| ORIGINATOR |
Hypo
Vereinsbank Luxemborg S.A. |
|
|
| SERVICER |
Hypo
Vereinsbank Luxemborg S.A. |
|
|
| BACKUP
SERVICER |
|
|
|
| TRUSTEE |
KPMG
Deutsche Treuhand-Gesellsschaft AG |
|
|
| UNDERWRITER |
Goldman,
Sachs Group, L.P. |
AA-
(01 May 1990) |
F1+
(01 Jun 1988) |
| SELLER |
Hypo
Vereinsbank Luxemborg S.A. |
|
|
| DEPOSITOR |
|
|
|
| DEPOSITARY |
|
|
|
| ISSUING
& PAYING AGT. |
Chase
Manhattan Bank (The) |
AA-
(16 Jul 1997) |
F1+
(16 Jul 1997) |
| CREDIT
PROVIDER |
Allianz
Risk Transfer N.V. |
|
|
| LIQUIDITY
PROVIDER |
|
|
|
| SWAP
COUNTERPARTY |
Goldman
Sachs Mitsui Marine Derivative Products |
|
|
| OTHER
PROVIDER |
HVB
Risk Management Products |
|
|
| CREDIT
TYPE |
Guarantee |
| LIQUIDITY
TYPE |
|
| SWAP
TYPE |
Currency |
| OTHER
TYPE |
Interest
Rate Put Option |
| COMMENTS |
GELDILUX
99-1, the issuer, is a special purpose company incorporated under the laws
of Jersey with limited liability. The shares of the issuer are owned by
a charitable trust. Under a loan portfolio collateralisation agreement,
GELDILUX 99-1 will issue limited recourse guarantees to Hypo Vereinsbank
Luxemborg S.A (HVL) for the economic performance of a reference portfolio.
The reference portfolio will consist of "Euroloans" made by HVL to Bayerische
Hypo-und Vereinsbank AG's (HVB) corporate and private borrowers situated
in Germany. HVL can draw under the guarantees if loan writeoffs have occurred
in the reference loan portfolio, and HVL can correspondingly reduce the
cash deposits made by the issuer and relating to each class of notes or
sell the Pfandbriefe collateral in certain circumstances. The reduction
in cash deposits will be carried out starting with the lowest class of
note and proceeding up. |
|
| EUR |
| |
May
2000 |
Apr
2000 |
Mar
2000 |
Feb
2000 |
| OUTSTANDING
PRINCIPAL AMOUNT OF REFERENCE LOANS |
2,235,945,224.61 |
2,235,956,644.01 |
2,235,904,150.60 |
2,235,952,704.70 |
| NUMBER
OF REFERENCE LOANS |
2,020.00 |
1,956.00 |
1,965.00 |
1,985.00 |
| NUMBER
OF OBLIGORS |
1,645.00 |
1,542.00 |
1,562.00 |
1,591.00 |
| DEL.
NO OF OBLIGORS |
14.00 |
22.00 |
16.00 |
12.00 |
| DEL.
NO. OF OBLIGORS % |
0.85 |
1.43 |
1.02 |
0.75 |
| DELINQUENT
PRINCIPAL AMOUNT |
14,397,979.37 |
29,353,266.90 |
13,034,108.28 |
10,007,260.34 |
| DEL.
PRINCIPAL AMOUNT % OF OUTSTANDING BALANCE |
0.64 |
1.31 |
0.58 |
0.45 |
| DEL.
AMOUNT % 3-MONTH AVERAGE |
0.85 |
0.78 |
0.45 |
0.26 |
| DEL.
AMOUNT % 6-MONTH AVERAGE |
0.59 |
0.58 |
0.36 |
0.13 |
| DEL.
AMOUNT % 12-MONTH AVERAGE |
0.34 |
0.29 |
0.18 |
0.13 |
| DEL.
NO. OF LOANS |
17.00 |
25.00 |
17.00 |
13.00 |
| DEL.
NO. OF LOANS % |
0.84 |
1.28 |
0.87 |
0.65 |
| |
Jan
2000 |
Dec
1999 |
Nov
1999 |
Oct
1999 |
| OUTSTANDING
PRINCIPAL AMOUNT OF REFERENCE LOANS |
2,235,872,323.75 |
2,235,890,108.67 |
2,235,955,334.61 |
2,194,641,944.74 |
| NUMBER
OF REFERENCE LOANS |
2,094.00 |
2,067.00 |
2,025.00 |
1,933.00 |
| NUMBER
OF OBLIGORS |
1,683.00 |
1,659.00 |
1,683.00 |
1,610.00 |
| DEL.
NO OF OBLIGORS |
7.00 |
3.00 |
2.00 |
0.00 |
| DEL.
NO. OF OBLIGORS % |
0.42 |
0.18 |
0.12 |
0.00 |
| DELINQUENT
PRINCIPAL AMOUNT |
7,196,433.23 |
5,008,103.98 |
12,624,474.06 |
0.00 |
| DEL.
PRINCIPAL AMOUNT % OF OUTSTANDING BALANCE |
0.32 |
0.22 |
0.56 |
0.00 |
| DEL.
AMOUNT % 3-MONTH AVERAGE |
0.37 |
0.26 |
0.19 |
0.00 |
| DEL.
AMOUNT % 6-MONTH AVERAGE |
0.19 |
0.13 |
0.09 |
0.00 |
| DEL.
AMOUNT % 12-MONTH AVERAGE |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
NO. OF LOANS |
7.00 |
3.00 |
4.00 |
0.00 |
| DEL.
NO. OF LOANS % |
0.33 |
0.15 |
0.20 |
0.00 |
| |
Sep
1999 |
Aug
1999 |
Jul
1999 |
Jun
1999 |
| OUTSTANDING
PRINCIPAL AMOUNT OF REFERENCE LOANS |
2,235,947,507.26 |
2,235,882,876.47 |
2,235,896,849.77 |
2,235,978,519.42 |
| NUMBER
OF REFERENCE LOANS |
2,057.00 |
2,131.00 |
2,116.00 |
2,043.00 |
| NUMBER
OF OBLIGORS |
1,648.00 |
1,642.00 |
1,648.00 |
1,619.00 |
| DEL.
NO OF OBLIGORS |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
NO. OF OBLIGORS % |
0.00 |
0.00 |
0.00 |
0.00 |
| DELINQUENT
PRINCIPAL AMOUNT |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
PRINCIPAL AMOUNT % OF OUTSTANDING BALANCE |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
AMOUNT % 3-MONTH AVERAGE |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
AMOUNT % 6-MONTH AVERAGE |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
AMOUNT % 12-MONTH AVERAGE |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
NO. OF LOANS |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
NO. OF LOANS % |
0.00 |
0.00 |
0.00 |
0.00 |
| |
May
1999 |
Apr
1999 |
Mar
1999 |
Feb
1999 |
| OUTSTANDING
PRINCIPAL AMOUNT OF REFERENCE LOANS |
2,235,898,569.78 |
2,235,943,082.12 |
2,235,899,471.53 |
0.00 |
| NUMBER
OF REFERENCE LOANS |
2,048.00 |
2,051.00 |
2,053.00 |
0.00 |
| NUMBER
OF OBLIGORS |
1,626.00 |
1,629.00 |
1,637.00 |
0.00 |
| DEL.
NO OF OBLIGORS |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
NO. OF OBLIGORS % |
0.00 |
0.00 |
0.00 |
0.00 |
| DELINQUENT
PRINCIPAL AMOUNT |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
PRINCIPAL AMOUNT % OF OUTSTANDING BALANCE |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
AMOUNT % 3-MONTH AVERAGE |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
AMOUNT % 6-MONTH AVERAGE |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
AMOUNT % 12-MONTH AVERAGE |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
NO. OF LOANS |
0.00 |
0.00 |
0.00 |
0.00 |
| DEL.
NO. OF LOANS % |
0.00 |
0.00 |
0.00 |
0.00 |
| [TRANCHE
HOME] |
| Class
B - Original Information |
| ORIGINAL
AMOUNT |
58,085,000.00 |
CURRENCY |
EUR |
| LEGAL
FINAL MATURITY |
12
Feb 2002 |
SCHEDULED
MATURITY |
|
| PLACEMENT |
Public |
|
|
| ORIGINAL
C/E % |
|
TYPE
OF C/E |
|
| INDEX |
EURIBOR3M |
WAL |
Bullet
Maturity |
| MARGIN |
40
bps |
TERM |
LT |
| COUPON |
|
INSTRUMENT |
Notes |
| COMMENTS |
The
class B, C, and D notes are linked to Bayerische Hypo-und Vereinsbank AG's
rating. A downgrade of HVB's unsecured rating below the then-outstanding
rating of the class B, C, and D notes would result in a corresponding downgrade
of the class B, C, and D notes. Fitch IBCA rates HVB 'AA/F1+'. The ratings
are assigned on Fitch IBCA's opinion that, following the merger process,
HVB has emerged as a strong, focused, universal bank with a good franchise,
a relatively low risk profile, sound capitalisation, and the capacity to
generate stable profits. HVB was officially formed on 1 Sept. 1998, with
retroactive effect from 1 Jan. 1998, from the merger of BV, Germany's fourth
largest private commercial banking group, with its main competitor, Bayerische
Hypotheken-und Wechsel-Bank (Hypo-Bank). |
| Ratings |
|
Payments |
|
| FI
ORIGINAL |
A |
INTEREST
FREQ. |
Quarterly |
| FI
CURRENT |
A |
PRINCIPAL
FREQ. |
Bullet
Maturity |
| FI
RATING DATE |
|
PRIORITY
- INTEREST |
|
| S
& P ORIGINAL |
A |
PRIORITY
- PRINCIPAL |
|
| MOODY'S
ORIGINAL |
A2 |
| DCR
ORIGINAL |
A |
| [TRANCHE
HOME] |
| Class
C - Original Information |
| ORIGINAL
AMOUNT |
22,340,000.00 |
CURRENCY |
EUR |
| LEGAL
FINAL MATURITY |
12
Feb 2002 |
SCHEDULED
MATURITY |
|
| PLACEMENT |
Public |
|
|
| ORIGINAL
C/E % |
|
TYPE
OF C/E |
|
| INDEX |
EURIBOR3M |
WAL |
Bullet
Maturity |
| MARGIN |
100
bps |
TERM |
LT |
| COUPON |
|
INSTRUMENT |
Notes |
| COMMENTS |
The
class B, C, and D notes are linked to Bayerische Hypo-und Vereinsbank AG's
rating. A downgrade of HVB's unsecured rating below the then-outstanding
rating of the class B, C, and D notes would result in a corresponding downgrade
of the class B, C, and D notes. Fitch IBCA rates HVB 'AA/F1+'. The ratings
are assigned on Fitch IBCA's opinion that, following the merger process,
HVB has emerged as a strong, focused, universal bank with a good franchise,
a relatively low risk profile, sound capitalisation, and the capacity to
generate stable profits. HVB was officially formed on 1 Sept. 1998, with
retroactive effect from 1 Jan. 1998, from the merger of BV, Germany's fourth
largest private commercial banking group, with its main competitor, Bayerische
Hypotheken-und Wechsel-Bank (Hypo-Bank). |
| Ratings |
|
Payments |
|
| FI
ORIGINAL |
BBB |
INTEREST
FREQ. |
Quarterly |
| FI
CURRENT |
BBB |
PRINCIPAL
FREQ. |
Bullet
Maturity |
| FI
RATING DATE |
|
PRIORITY
- INTEREST |
|
| S
& P ORIGINAL |
BBB |
PRIORITY
- PRINCIPAL |
|
| MOODY'S
ORIGINAL |
Baa2 |
| DCR
ORIGINAL |
BBB |
| [TRANCHE
HOME] |
| Class
D - Original Information |
| ORIGINAL
AMOUNT |
33,510,000.00 |
CURRENCY |
EUR |
| LEGAL
FINAL MATURITY |
12
Feb 2002 |
SCHEDULED
MATURITY |
|
| PLACEMENT |
Public |
|
|
| ORIGINAL
C/E % |
|
TYPE
OF C/E |
|
| INDEX |
EURIBOR3M |
WAL |
Bullet
Maturity |
| MARGIN |
250
bps |
TERM |
LT |
| COUPON |
|
INSTRUMENT |
Notes |
| COMMENTS |
The
class B, C, and D notes are linked to Bayerische Hypo-und Vereinsbank AG's
rating. A downgrade of HVB's unsecured rating below the then-outstanding
rating of the class B, C, and D notes would result in a corresponding downgrade
of the class B, C, and D notes. Fitch IBCA rates HVB 'AA/F1+'. The ratings
are assigned on Fitch IBCA's opinion that, following the merger process,
HVB has emerged as a strong, focused, universal bank with a good franchise,
a relatively low risk profile, sound capitalisation, and the capacity to
generate stable profits. HVB was officially formed on 1 Sept. 1998, with
retroactive effect from 1 Jan. 1998, from the merger of BV, Germany's fourth
largest private commercial banking group, with its main competitor, Bayerische
Hypotheken-und Wechsel-Bank (Hypo-Bank). |
| Ratings |
|
Payments |
|
| FI
ORIGINAL |
BB |
INTEREST
FREQ. |
Quarterly |
| FI
CURRENT |
BB |
PRINCIPAL
FREQ. |
Bullet
Maturity |
| FI
RATING DATE |
|
PRIORITY
- INTEREST |
|
| S
& P ORIGINAL |
BB |
PRIORITY
- PRINCIPAL |
|
| MOODY'S
ORIGINAL |
Ba3 |
| DCR
ORIGINAL |
BB |
