Claris Finance 2003 Srl

Transcription

1 External Parties Joint Lead Managers AG Banca Nazionale del Lavoro S.p.A. Computation Agent AG, London Branch Table of Contents Page 1. Current Distributions and Ratings Data 2 2. Collection Summary 3 3. Pre-Enforcement Priority of Payments 4 4. Portfolio Collateral Information 6 5. Post-Enforcement Priority of Payments 8 Swap Counterparty AG, London Branch Total Number of Pages 9 Dates Contacts Original Closing Date December 03, 2003 Distribution Date August 20, 2010 Period[Start] May 20, 2010 Period[End] August 19, 2010 Actual Number of Days 92 Solidea Barbara Maccioni Relationship Manager Phone: Fax: solideabarbara.maccioni@db.com Address: Via Melchiorre Gioia, Milan Italy This Investor Report (the "Report") is prepared by S.p.A. ("DB") for information purposes only. Certain information included in this Report (the "Third Party Information") is provided by and AG, London Branch in its capacity as Servicer/Swap Counterparty respectively. Please be advised that DB will have no liability for the Third Party Information and this Report is provided without any representations or warranties by DB as to the completeness or accuracy of such Third Party Information. Page 1 of 9

2 Current Distributions and Ratings Data Current Period Distribution Class ISIN Ccy Original Principal Balance Beginning Principal Balance Beginning Ending Ending Total Pool Pool Principal Principal Distribution Factor Factor Balance (1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3) A IT ,500, ,833, , ,005, ,192, ,828, B IT ,000, ,000, , , ,000, C IT ,200, ,200, , , ,200, D1 IT ,950, ,950, ,950, D2 IT ,170, ,170, ,170, Total 350,820, ,153, , ,005, ,341, ,148, Accrual Detail Class DaysMethod Index Margin Rate (1) (2) (3) = (1) + (2) Beginning Principal Balance Prior Unpaid (4) Accrued (5) Total Due (6) = (4) + (5) Paid (7) Current Unpaid (8) = (6) - (7) A 92 Act/ % % % 71,833, , , , B 92 Act/ % % % 9,000, , , , C 92 Act/ % % % 20,200, , , , D1 92 Act/360 N/A N/A % 3,950, , , , , D2 92 Act/360 N/A N/A % 2,170, , , , , Total 107,153, , , , , , Ratings Detail Class ISIN Code S & P Fitch Moody's A IT AAA Not Rated Aaa B IT AA Not Rated Aa2 C IT BBB Not Rated Baa2 D1 IT Not Rated Not Rated Not Rated D2 IT Not Rated Not Rated Not Rated Page 2 of 9

3 Collection Summary Collection Summary VB Collections BM Collections Total Collections Issuer Available Funds 6,482, ,443, ,794, (a) Amounts standing to credit of Collection 6,480, ,443, ,923, (b) Cash Reserve Account Balance ,869, (c) Amount Received from Swap Counterparty (d) Monies invested in Eligible Investments 1, , (e) Revenue Eligible Investments Amount (f) Funds Provisioned for Amortisation Account (g) Monies invested in Eligible Investments from Page 3 of 9

4 Pre-Enforcement Priority of Payments Pre-Enforcement Priority of Payments Issuer Available Funds 16,794, (i) Issuer Tax 0.00 (ii)(a) Preservation of Corporate Existence of Issuer 30, (ii)(b) Listing Fees (ii)(c) Representative of Noteholders Fees 2, (ii)(d) Amounts to replenish Expenses Account upto the Retention Amount 0.00 (iii)(a) Paying Agents (iii)(b) Agent Bank 3, (iii)(c) Computation Agent 0.00 (iii)(d) Servicer 12, (iii)(e) Corporate Services Provider 4, (iii)(f) Stichting Corporate Services Provider 0.00 (iii)(g) Collection Account Bank 0.00 (iii)(h) Back-up Servicer 0.00 (iii)(i) Transaction Bank 0.00 (iv)(a) Amounts due under BM Swap 58, (iv)(b) Amounts due under VB Swap 128, (v) Payable to Class A Notes 186, (vi) Payable to Class B Notes 26, (vii) Payable to Class c Notes 123, (viii) Prior to Decree 239 IPD (August 2005) credit Total Repayment Amount in the Funds Provisioned for amortisation Account 0.00 (ix) Class A Principal up to Class A Repayment Amount 7,005, (x) Class B Principal up to Class B Repayment Amount 0.00 (xi) Class C Principal up to Class C Repayment Amount 0.00 (xii) Cash Reserve replenish up to Target Cash Reserve Amount 9,213, (xiii) Post Swap Trigger: (xiii)(a) Amounts due under BM Swap 0.00 (xiii)(b) Amounts due under VB Swap 0.00 (xiv) Other Creditor Fees 0.00 Page 4 of 9

5 (xv)(a) VB Distribution Amount (xv)(a)(a) Amounts due to VB for Originators Claims 0.00 (xv)(a)(b) Subordinated Loan payable to VB 0.00 (xv)(a)(c) Subordinated Loan Principal payable to VB 0.00 (xv)(a)(d) Class D (xv)(a)(e) Class D1 Principal 0.00 (xv)(a)(f) Class D1 Additional Return 0.00 (xv)(a)(g) Balance to VB Transaction Account 0.00 (xv)(b) BM Distribution Amount (xv)(b)(a) Amounts due to BM for Originators Claims 0.00 (xv)(b)(b) Subordinated Loan payable to BM 0.00 (xv)(b)(c) Subordinated Loan Principal payable to BM 0.00 (xv)(b)(d) Class D (xv)(b)(e) Class D2 Principal 0.00 (xv)(b)(f) Class D2 Additional Return 0.00 (xv)(b)(g) Balance to BM Transaction Account 0.00 Page 5 of 9

6 Portfolio Collateral Information Portfolio Level Collateral Data Veneto Banca Banca Meridiana Total Portfolio Statistics No of Loans - Performing Mortgages 1, ,087 No of Loans - Delinquent Mortgages (Incagli) No of Loans - Defaulted Mortgages (Sofferenze) Prin Outst - Performing Mortgages 78,327, ,523, ,850, Prin Outst - Delinquent Mortgages (Incagli) 1,415, , ,587, Prin Outst - Defaulted Mortgages (Sofferenze) 5,542, , ,187, Total Outstanding Pool 85,285, ,340, ,626, Break-down of arrears - No of Mortgages From 5 to 30 days From 31 to 60 days From 61 to 90 days From 91 to 180 days From 181 to 270 days From 271 to 360 days more than 360 days Break-down of arrears - Balance of Mortgages From 5 to 30 days 295, , , From 31 to 60 days 1,375, , ,738, From 61 to 90 days 213, , , From 91 to 180 days 1,059, , ,674, From 181 to 270 days 806, , , From 271 to 360 days , , more than 360 days , , Page 6 of 9

7 Portfolio Performance Report Portfolio Performance Quarterly Delinquent Ratio (New Loans Delinquent during the period/portfolio Outstanding Amount) Current period % Prior period % Period before last % Cumulative Delinquent Ratio (Cumulative Deliquent Balance/Initial Portfolio Value) Current period % Prior period % Period before last % Cumulative gross Default Ratio (Cumulative Defaulted Claims/Initial Portfolio Balance) Current period % Prior period % Period before last % Annualized Prepayment Rates - (1 - (1-[x/y])^4) (Quarterly Prepayments/Not Defaulted Collateral Portfolio previous Collection Da Current period % Prior period % Period before last % Trigger Information Pro-Rata Trigger Event occured (Trigger - Overdue Loans Ratio is greater than 3.85%) Class B Subordination Event occured (Trigger - Default Ratio is greater than 14.00%) Class B Subordination Event occured (Trigger - Default Ratio is greater than 20.50%) Back-up Servicer Trigger Event occured (Trigger - Overdue Loans Ratio is greater than 7.00%) No No No No Page 7 of 9

8 Post-Enforcement Priority of Payments Post-Enforcement Priority of Payments Issuer Available Funds 0.00 (i) Issuer Tax 0.00 (ii)(a) Preservation of Corporate Existence of Issuer 0.00 (ii)(b) Listing Fees 0.00 (ii)(c) Representative of Noteholders Fees 0.00 (iii)(a) Paying Agent 0.00 (iii)(b) Agent Bank 0.00 (iii)(c) Computation Agent 0.00 (iii)(d) Servicer 0.00 (iii)(e) Corporate Service Provider 0.00 (iii)(f) Stichting Corporate Service Provider 0.00 (iii)(g) Collection Account Bank 0.00 (iii)(h) Back-up Servicer 0.00 (iii)(i) Transaction Bank 0.00 (iv)(a) AmounTS due under BM Swap 0.00 (iv)(b) AmounTS due under VB Swap 0.00 (v) Class A Notes Amount 0.00 (vi) Class A Notes Principal Amount 0.00 (vii) Class B Notes Amount 0.00 (viii) Class B Notes Principal Amount 0.00 (ix) Class C Amount 0.00 (x) Class C Principal Amount 0.00 (xi) Post Swap Trigger: (xi)(a) Amounts due to BM Swap 0.00 (xi)(b) Amounts due to VB Swap 0.00 (xii)(a) Payment under Warranty & Indemnity Deed 0.00 (xii)(b) Originators Claim - VB/BM 0.00 (xii)(c) Payment in connection with a Limited Recourse Loan 0.00 (xii)(d) Subordinated Loan payable to VB/BM 0.00 (xiii)(a) Subordinated Loan Principal payable to VB 0.00 Page 8 of 9

9 (xiii)(b) Subordinated Loan Principal payable to BM 0.00 (xiv)(a) Class D1 Amount 0.00 (xiv)(b) Class D2 Amount 0.00 (xv)(a) Class D1 Principal Amount 0.00 (xv)(b) Class D2 Principal Amount 0.00 Page 9 of 9