Copy of Examples Sent to TM

8/13/2019 Copy of Examples Sent to TM

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Exhibit 2(1) Cash Flow Analysis with Cash Collateral

Securitised pool Rs. 100 crore

Average pool yield 11%

Average pool tenor 12 months

Securities issued (par value) Rs. 100% crore

Coupon on securities 9%

Average tenor of securities 12 months

CE: Cash collateral Rs. 5 crore

Cash f lows (only pr incipals)

Months Cash

collectio

n

Interest Principal

collectio

n

Closing

Principal

Securities

amortisati

on

Cash

shortfall/s

urplus

Cl. Bal

of CC

A B C B - C

0 100

1 8.84 0.92 7.92 92.08 8.3 (0.38) 4.622 8.84 0.84 7.99 84.08 8.3 (0.31) 4.32

3 8.84 0.77 8.07 76.02 8.3 (0.23) 4.08

4 8.84 0.70 8.14 67.88 8.3 (0.16) 3.92

5 8.84 0.62 8.22 59.66 8.3 (0.08) 3.84

6 8.84 0.55 8.29 51.37 8.3 (0.01) 3.83

7 8.84 0.47 8.37 43.00 8.3 0.07 3.90

8 8.84 0.39 8.44 34.56 8.3 0.14 4.04

9 8.84 0.32 8.52 26.04 8.3 0.22 4.26

10 8.84 0.24 8.60 17.44 8.3 0.30 4.56

11 8.84 0.16 8.68 8.76 8.3 0.38 4.9412 8.84 0.08 8.76 0.00 8.7 0.06 5.00

Total 100.00 100.00


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Exhibit 2(2) Cash Collateral and OC




Securities issued (par Rs. 96 crore Overcollateralization 4 crore

Coupon on securities 9%

Average tenor of securities 12 monthsCE: Cash collateral Rs. 3 crore

Credit loss (% of opening pool re 3%

recognized on 90 day basis)

Cash f lows (only principals)

Months

Cashcollection

Interest

Principal

collection

Cashdefaulted

Lossrecognised

Closing

Principal

Securities

amortization

CCBalance

beforeutilization

CCutilised

CCbalanceafter

utilization

Cashw/dby

originator

CCbalanceafter

originator'sw/d

OCbalance

0 1001 8.82 0.92 7.90 0.25 91.85 8.00 3.00 0.10 2.90 0.00 2.90 4.00

2 8.79 0.84 7.95 0.25 83.65 8.00 2.90 0.05 2.85 0.00 2.85 4.00

3 8.77 0.77 8.00 0.25 0.75 75.40 8.00 2.85 0.00 2.85 0.00 2.85 3.25

4 8.74 0.69 8.05 0.25 67.10 8.00 2.85 (0.05) 2.90 0.00 2.90 3.25

5 8.71 0.62 8.09 0.25 58.76 8.00 2.90 (0.09) 2.99 0.00 2.99 3.25

6 8.67 0.54 8.13 0.25 0.75 50.38 8.00 2.99 (0.13) 3.12 0.12 3.00 2.50

7 8.63 0.46 8.16 0.25 41.97 8.00 3.00 (0.16) 3.16 0.16 3.00 2.50

8 8.57 0.38 8.19 0.25 33.53 8.00 3.00 (0.19) 3.19 0.19 3.00 2.50

9 8.51 0.31 8.20 0.25 0.75 25.08 8.00 3.00 (0.20) 3.20 0.20 3.00 1.75

10 8.43 0.23 8.20 0.25 16.63 8.00 3.00 (0.20) 3.20 0.20 3.00 1.75

11 8.30 0.15 8.15 0.25 8.23 8.00 3.00 (0.15) 3.15 0.15 3.00 1.75

12 8.05 0.08 7.98 0.25 0.75 0.00 8.00 3.00 0.02 2.98 0.00 2.98 1.00

Total 97.00 3.00 3.00 96.00 (1.00) 1.02


Average pool yield 0.11


Securities issued (par Rs. 96 crore

Coupon on securities 0.09

Average tenor of securities 12 months

CE: Cash collateral Rs. 3 crore

Credit loss (% of opening pool re 0.03

recognized on 90 day basis)


Month

s

Princi

pal

collect

ion

Loss Closing

Principal

Securi

ties

amorti

zation

CC

Balance

before

withdra

wal

Cash

withdra

wn by

originat

or

CC

balanc

e after

withdr

awal

Excess

collate

ral

balanc

e


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A B C D= Rs.

100 cr-(

B+C)

E F=Rs.

3cr + B

E

G G = F

G

H =

Rs. 4

cr - C0 100.00

1 7.92 92.08 8.00 2.92 0.00 2.92 4.00

2 7.99 84.08 8.00 2.92 0.00 2.92 4.00

3 8.07 0.75 75.27 8.00 2.98 0.00 2.98 3.254 8.06 67.21 8.00 3.04 0.04 3.00 3.25

5 8.13 59.07 8.00 3.18 0.18 3.00 3.25

6 8.21 0.75 50.11 8.00 3.39 0.39 3.00 2.50

7 8.16 41.95 8.00 3.55 0.55 3.00 2.50

8 8.24 33.71 8.00 3.79 0.79 3.00 2.50

9 8.31 0.75 24.65 8.00 4.10 1.10 3.00 1.75

10 8.14 16.51 8.00 4.24 1.24 3.00 1.75

11 8.22 8.29 8.00 4.46 1.46 3.00 1.75

12 7.54 0.75 0.00 8.00 4.00 1.00 3.00 1.00

Total 97 3.00 96.00


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Exhibit 2(3) Yield Supplement I

Pool Rs. 100 crore

Pool break up

High yielding portion Rs. 70 crore @ 11% 7.70%

Low yielding portion Rs. 30 crore @ 7% 2.10%

Average APR 9.80%

Months Opening bal EMI Interest Principal DF PV DF PV

0 7.0% 7.67%

1 30.00 1.34 0.18 1.17 0.99 1.34 0.99 1.33

2 28.83 1.34 0.17 1.17 0.99 1.33 0.99 1.33

3 27.66 1.34 0.16 1.18 0.98 1.32 0.98 1.32

4 26.47 1.34 0.15 1.19 0.98 1.31 0.97 1.31

5 25.29 1.34 0.15 1.20 0.97 1.30 0.97 1.30

6 24.09 1.34 0.14 1.20 0.97 1.30 0.96 1.29

7 22.89 1.34 0.13 1.21 0.96 1.29 0.96 1.28

8 21.68 1.34 0.13 1.22 0.95 1.28 0.95 1.28

9 20.46 1.34 0.12 1.22 0.95 1.27 0.94 1.2710 19.24 1.34 0.11 1.23 0.94 1.27 0.94 1.26

11 18.01 1.34 0.11 1.24 0.94 1.26 0.93 1.25

12 16.77 1.34 0.10 1.25 0.93 1.25 0.93 1.24

13 15.52 1.34 0.09 1.25 0.93 1.25 0.92 1.24

14 14.27 1.34 0.08 1.26 0.92 1.24 0.91 1.23

15 13.01 1.34 0.08 1.27 0.92 1.23 0.91 1.22

16 11.74 1.34 0.07 1.27 0.91 1.22 0.90 1.21

17 10.47 1.34 0.06 1.28 0.91 1.22 0.90 1.21

18 9.19 1.34 0.05 1.29 0.90 1.21 0.89 1.20

19 7.90 1.34 0.05 1.30 0.90 1.20 0.89 1.19

20 6.60 1.34 0.04 1.30 0.89 1.20 0.88 1.18

21 5.30 1.34 0.03 1.31 0.89 1.19 0.87 1.17

22 3.98 1.34 0.02 1.32 0.88 1.18 0.87 1.17

23 2.66 1.34 0.02 1.33 0.87 1.17 0.86 1.16

24 1.34 1.34 0.01 1.34 0.87 1.17 0.86 1.15

Total 30.00 29.80

Difference 0.20

=


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Opening bal EMI

-30 0.638% Months 0 1 2 3

0.20 $0.01 $1.35 7.66% EMI of original loans 1.34 1.34 1.34

$0.01 $1.35 EMI on yield supplement 0.01 0.01 0.01

$0.01 $1.35 Total EMI (cash flows) -30 1.35 1.35 1.35

$0.01 $1.35 Yield (per month) 0.64%

$0.01 $1.35 Yield (per yer) 7.66%

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35

$0.01 $1.35


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4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

1.34 1.34 1.34 1.34 1.34 1.34 1.34 1.34 1.34 1.34 1.34 1.34 1.34 1.34 1.34 1.34 1.34 1.34 1.34

0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01

1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35


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23 24

1.34 1.34

0.01 0.01

1.35 1.35


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Exhibit 2(4) Yield Supplement II

Pool Rs. 100 crore

Pool break up

High yielding portion Rs. 70 crore @ 11% 7.70%

Low yielding portion Rs. 30 crore @ 7% 2.10%

Average APR 9.80%

Months Opening bal EMI Interest Principal DF PV DF PV

0 7% 7.67%

1 70.00 3.26 0.64 2.62 0.99 3.24 0.99 3.24

2 67.38 3.26 0.62 2.64 0.99 3.22 0.99 3.22

3 64.73 3.26 0.59 2.67 0.98 3.21 0.98 3.20

4 62.07 3.26 0.57 2.69 0.98 3.19 0.97 3.18

5 59.37 3.26 0.54 2.72 0.97 3.17 0.97 3.16

6 56.65 3.26 0.52 2.74 0.97 3.15 0.96 3.14

7 53.91 3.26 0.49 2.77 0.96 3.13 0.96 3.12

8 51.14 3.26 0.47 2.79 0.95 3.11 0.95 3.10

9 48.35 3.26 0.44 2.82 0.95 3.10 0.94 3.0810 45.53 3.26 0.42 2.85 0.94 3.08 0.94 3.06

11 42.68 3.26 0.39 2.87 0.94 3.06 0.93 3.04

12 39.81 3.26 0.36 2.90 0.93 3.04 0.93 3.02

13 36.91 3.26 0.34 2.92 0.93 3.02 0.92 3.00

14 33.99 3.26 0.31 2.95 0.92 3.01 0.91 2.98

15 31.04 3.26 0.28 2.98 0.92 2.99 0.91 2.97

16 28.06 3.26 0.26 3.01 0.91 2.97 0.90 2.95

17 25.06 3.26 0.23 3.03 0.91 2.96 0.90 2.93

18 22.02 3.26 0.20 3.06 0.90 2.94 0.89 2.91

19 18.96 3.26 0.17 3.09 0.90 2.92 0.89 2.89

20 15.87 3.26 0.15 3.12 0.89 2.90 0.88 2.87

21 12.76 3.26 0.12 3.15 0.89 2.89 0.87 2.85

22 9.61 3.26 0.09 3.17 0.88 2.87 0.87 2.84

23 6.44 3.26 0.06 3.20 0.87 2.85 0.86 2.82

24 3.23 3.26 0.03 3.23 0.87 2.84 0.86 2.80

Total 72.87 72.38

Difference 0.49


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Exhibit 3(1) Sequential Paydown




Senior PTC A Rs. 80 crore

Mezannine PTC B 12

Subordinate PTC S Rs. 6 croreOvercolateralization Rs. 2 crore

Credit loss (% of opening pool receivables, 0.50%

reckoned at the start of the month)

Paydown Sequential


Months Opening

Principal

Loss Principal

after loss

EMI Interest Principal Closing

principal0

1 100.00 0.50 99.50 8.79 0.91 7.88 91.62

2 91.62 0.46 91.16 8.75 0.84 7.91 83.25

3 83.25 0.42 82.83 8.71 0.76 7.95 74.884 74.88 0.37 74.51 8.66 0.68 7.98 66.53

5 66.53 0.33 66.20 8.62 0.61 8.01 58.18

6 58.18 0.29 57.89 8.58 0.53 8.05 49.85

7 49.85 0.25 49.60 8.53 0.45 8.08 41.52

8 41.52 0.21 41.31 8.49 0.38 8.11 33.20

9 33.20 0.17 33.03 8.45 0.30 8.15 24.89

10 24.89 0.12 24.76 8.41 0.23 8.18 16.58

11 16.58 0.08 16.50 8.36 0.15 8.21 8.29

12 8.29 0.04 8.25 8.32 0.08 8.25 0.00

3.24

-20%

0%

20%

40%

60%

80%

100%

120%

1 2 3 4 5 6 7 8 9 10 11 12

OC

Months

CE and Sequential Paydown


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Opening

Balance

Loss Repay-

ment

Closing

balance

Opening

Balance

Loss Repay-

ment

Closing

balance

Opening

Balance

Loss

80 7.88 72.12 12.00 0.00 0.00 12.00 6.00 0.00

72 7.91 64.20 12.00 0.00 0.00 12.00 6.00 0.00

64 7.95 56.26 12.00 0.00 0.00 12.00 6.00 0.0056 7.98 48.28 12.00 0.00 0.00 12.00 6.00 0.00

48 8.01 40.26 12.00 0.00 0.00 12.00 6.00 0.08

40 8.05 32.22 12.00 0.00 0.00 12.00 5.92 0.29

32 8.08 24.14 12.00 0.00 0.00 12.00 5.63 0.25

24 8.11 16.03 12.00 0.00 0.00 12.00 5.38 0.21

16 8.15 7.88 12.00 0.00 0.00 12.00 5.17 0.17

8 7.88 0.00 12.00 0.00 0.30 11.70 5.00 0.12

0 0.00 0.00 11.70 0.00 8.21 3.49 4.88 0.08

0 0.00 0.00 3.49 0.00 3.49 0.00 4.80 0.04

1.24

PTC-A PTC B PT

PTC-A

PTC-B

PTC-S


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Repay-

ment

Closing

balance

Opening

Balance

Loss Closing

balance

A B S A

0.00 6.00 2.00 0.50 1.50 20% 8% 2% 25%

0.00 6.00 1.50 0.46 1.04 21% 8% 2% 27%

0.00 6.00 1.04 0.42 0.63 23% 8% 1% 30%0.00 6.00 0.63 0.37 0.25 25% 9% 1% 33%

0.00 5.92 0.25 0.25 0.00 27% 9% 0% 38%

0.00 5.63 0.00 0.00 0.00 31% 10% 0% 45%

0.00 5.38 0.00 0.00 0.00 35% 11% 0% 55%

0.00 5.17 0.00 0.00 0.00 42% 13% 0% 72%

0.00 5.00 0.00 0.00 0.00 52% 16% 0% 107%

0.00 4.88 0.00 0.00 0.00 68% 20% 0% 216%

0.00 4.80 0.00 0.00 0.00 100% 29% 0%

4.76 0.00 0.00 0.00 0.00 100% 58% 0%

SubordinationS Overcollateralization O


12/82

B S

67% 33%

63% 25%

59% 17%55% 10%

52% 4%

49%

47%

45%

43%

42%

42%

137%

CE


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Exhibit 3(2) Proportionate Paydown





Mezannine PTC B 10




Paydown proportionate


Months Opening

Principal

Loss Principal

after loss


principal0

1 100.00 0.50 99.50 8.79 0.91 7.88 91.62

2 91.62 0.46 91.16 8.75 0.84 7.91 83.25

3 83.25 0.42 82.83 8.71 0.76 7.95 74.884 74.88 0.37 74.51 8.66 0.68 7.98 66.53

5 66.53 0.33 66.20 8.62 0.61 8.01 58.18

6 58.18 0.29 57.89 8.58 0.53 8.05 49.85

7 49.85 0.25 49.60 8.53 0.45 8.08 41.52

8 41.52 0.21 41.31 8.49 0.38 8.11 33.20

9 33.20 0.17 33.03 8.45 0.30 8.15 24.89

10 24.89 0.12 24.76 8.41 0.23 8.18 16.58

11 16.58 0.08 16.50 8.36 0.15 8.21 8.29

12 8.29 0.04 8.25 8.32 0.08 8.25 0.00

3.24 96.76

10


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Opening

Balance

Loss Repay-

ment

Closing

balance

Opening

Balance

Loss Repay-

ment

Closing

balance

Opening

Balance

Loss

80.00 6.31 73.69 10.00 0.00 0.79 9.21 10.00 0.50

73.69 6.37 67.33 9.21 0.00 0.80 8.42 8.71 0.46

67.33 6.43 60.90 8.42 0.00 0.80 7.61 7.50 0.4260.90 6.49 54.41 7.61 0.00 0.81 6.80 6.37 0.37

54.41 6.55 47.86 6.80 0.00 0.82 5.98 5.32 0.33

47.86 6.62 41.24 5.98 0.00 0.83 5.16 4.34 0.29

41.24 6.68 34.56 5.16 0.00 0.84 4.32 3.45 0.25

34.56 6.75 27.80 4.32 0.00 0.84 3.48 2.64 0.21

27.80 6.82 20.98 3.48 0.00 0.85 2.62 1.92 0.17

20.98 6.90 14.09 2.62 0.00 0.86 1.76 1.28 0.12

14.09 6.98 7.11 1.76 0.00 0.87 0.89 0.74 0.08

7.11 7.11 0.00 0.89 0.00 0.89 0.00 0.29 0.04

80.00 0.00 10.00 3.24

PTC-A PTC B PT


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Repay-

ment

Closing

balance

Opening

Balance

Loss Closing

balance

A B S A

0.79 8.71 0.00 0.00 0.00 20% 10% 0% 25%

0.75 7.50 0.00 0.00 0.00 20% 10% 0% 24%

0.72 6.37 0.00 0.00 0.00 19% 9% 0% 24%0.68 5.32 0.00 0.00 0.00 19% 9% 0% 23%

0.64 4.34 0.00 0.00 0.00 18% 8% 0% 22%

0.60 3.45 0.00 0.00 0.00 18% 7% 0% 22%

0.56 2.64 0.00 0.00 0.00 17% 7% 0% 21%

0.52 1.92 0.00 0.00 0.00 17% 6% 0% 20%

0.47 1.28 0.00 0.00 0.00 16% 6% 0% 19%

0.42 0.74 0.00 0.00 0.00 16% 5% 0% 19%

0.36 0.29 0.00 0.00 0.00 15% 4% 0%

0.25 0.00 0.00 0.00 0.00 14% 3% 0%

SubordinationS Overcollateralization O

0%

5%

10%

15%

20%

25%

1 2 3 4 5 6 7 8 9 10 11 12

OC

Months

SO and Proportionate Paydown

PTC-A

PTC-B

PTC-S


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B S

100% 0%

95% 0%

89% 0%84% 0%

78% 0%

73%

67%

61%

55%

49%

42%

32%

CE


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Exhibit 3(3) Vertical Subordination (distributes cash flows in proportion of original principal)





Mezannine PTC B 10




Paydown proportionate


Months EMI Intt Opg.

Princial

Repaymt Clg Prin Opening

Principal

Loss Principal

after loss0

1 8.84 0.92 100.00 7.92 92.08 100.00 0.50 99.50

2 8.84 0.84 92.08 7.99 84.08 91.62 0.46 91.163 8.84 0.77 84.08 8.07 76.02 83.25 0.42 82.83

4 8.84 0.70 76.02 8.14 67.88 74.88 0.37 74.51

5 8.84 0.62 67.88 8.22 59.66 66.53 0.33 66.20

6 8.84 0.55 59.66 8.29 51.37 58.18 0.29 57.89

7 8.84 0.47 51.37 8.37 43.00 49.85 0.25 49.60

8 8.84 0.39 43.00 8.44 34.56 41.52 0.21 41.31

9 8.84 0.32 34.56 8.52 26.04 33.20 0.17 33.03

10 8.84 0.24 26.04 8.60 17.44 24.89 0.12 24.76

11 8.84 0.16 17.44 8.68 8.76 16.58 0.08 16.50

12 8.84 0.08 8.76 8.76 0.00 8.29 0.04 8.25

3.24

Proportionate Vertical

Month

PTC A

Repaymt

PTC A Cl

Bal

PTC B

Repaymt

PTC B

Cl Bal SO Ratio

PTC A

Repaymt

PTC A Cl

Bal

PTC B

Repaymt

1 7.09 82.91 0.79 8.71 9.51% 7.13 82.87 0.75

2 7.16 75.74 0.75 7.50 9.01% 7.19 75.68 0.72

3 7.23 68.51 0.72 6.37 8.51% 7.26 68.42 0.69

4 7.30 61.21 0.68 5.32 7.99% 7.33 61.09 0.65

5 7.37 53.84 0.64 4.34 7.46% 7.39 53.69 0.62

6 7.45 46.40 0.60 3.45 6.92% 7.46 46.23 0.58

7 7.52 38.88 0.56 2.64 6.37% 7.53 38.70 0.55

8 7.60 31.28 0.52 1.92 5.78% 7.60 31.10 0.51

9 7.67 23.61 0.47 1.28 5.15% 7.67 23.43 0.48

10 7.76 15.85 0.42 0.74 4.44% 7.74 15.69 0.44

11 7.85 8.00 0.36 0.29 3.48% 7.81 7.88 0.4012 8.00 0.00 0.25 0.00 7.88 0.00 0.36

Total 90.00 6.76 90.00 6.76

Loss 0.00 3.24

Cash flows without loss Cas


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principal

Opening

Balance

Loss Repay-

ment

Closing

balance

Opening

Balance

Loss

8.79 0.91 7.88 91.62 90 7.13 82.87 10.00 0.50

8.75 0.84 7.91 83.25 83 7.19 75.68 8.75 0.468.71 0.76 7.95 74.88 76 7.26 68.42 7.57 0.42

8.66 0.68 7.98 66.53 68 7.33 61.09 6.47 0.37

8.62 0.61 8.01 58.18 61 7.39 53.69 5.44 0.33

8.58 0.53 8.05 49.85 54 7.46 46.23 4.49 0.29

8.53 0.45 8.08 41.52 46 7.53 38.70 3.61 0.25

8.49 0.38 8.11 33.20 39 7.60 31.10 2.82 0.21

8.45 0.30 8.15 24.89 31 7.67 23.43 2.10 0.17

8.41 0.23 8.18 16.58 23 7.74 15.69 1.46 0.12

8.36 0.15 8.21 8.29 16 7.81 7.88 0.89 0.08

8.32 0.08 8.25 0.00 8 7.88 0.00 0.41 0.04

3.24

PTC B

Cl Bal

8.75 9.55%

7.57 9.09%

6.47 8.64%

5.44 8.18%

4.49 7.72%

3.61 7.25%

2.82 6.79%

2.10 6.32%

1.46 5.85%

0.89 5.37%

0.41 4.90%0.00

flows with loss

PTC-A PT


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Repay-

ment

Closing

balance

Opening

Balance

Loss Repay-

ment

Closing

balance

Opening

Balance

Loss Closing

balance

0.75 8.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.72 7.57 0.00 0.00 0.00 0.00 0.00 0.00 0.000.69 6.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.65 5.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.62 4.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.58 3.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.55 2.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.51 2.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.48 1.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.44 0.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.40 0.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

6.76 0.00

10.00

B PTC S Overcollateralization O

0%

5%

10%

15%

20%

25%

1 2 3 4 5 6 7

OC

Months

SO and Proportio


24/82

A B S A B S

10% 0% 0% 11% 0% #DIV/0!

10% 0% 0% 11% 0% #DIV/0!9% 0% 0% 10% 0% #DIV/0!

9% 0% 0% 9% 0% #DIV/0!

8% 0% 0% 9% 0% #DIV/0!

8% 0% 0% 8% 0%

7% 0% 0% 8% 0%

7% 0% 0% 7% 0%

6% 0% 0% 7% 0%

6% 0% 0% 6% 0%

5% 0% 0% 0%

5% 0% 0% 0%

Subordination CE

8 9 10 11 12

ate Paydown

PTC-A

PTC-B

PTC-S


25/82


26/82


27/82


28/82

Exhibit 4(1) Staggereed Payouts




Securities Isued 100 crore

Collection pattern month of billing 80.00%

Next month 12.00% 90 dpdNext second month 3.00% 120 dpd

Loss Next month recovery 70% 3.50% 180 dpd

Loss 1.50%

Staggered payout Month 1 70% of collections

Month 2 20% of collections

Month 3 10% of collections


Months

OpeningPrincipal

Loss Principal

after loss

EMI

(Billings)

Interest Principal Closing

principal

Payouts

(factoring in

credit loss)

0

1 100.00 0.00 100.00 8.84 0.92 7.92 92.08 7.80

2 92.08 0.00 92.08 8.84 0.84 7.99 84.08 7.87

3 84.08 0.00 84.08 8.84 0.77 8.07 76.02 7.95

4 76.02 0.00 76.02 8.84 0.70 8.14 67.88 8.02

5 67.88 0.00 67.88 8.84 0.62 8.22 59.66 8.09

6 59.66 0.00 59.66 8.84 0.55 8.29 51.37 8.17

7 51.37 0.00 51.37 8.84 0.47 8.37 43.00 8.24

8 43.00 0.00 43.00 8.84 0.39 8.44 34.56 8.32

9 34.56 0.00 34.56 8.84 0.32 8.52 26.04 8.39

10 26.04 0.00 26.04 8.84 0.24 8.60 17.44 8.47

11 17.44 0.00 17.44 8.84 0.16 8.68 8.76 8.55

12 8.76 0.00 8.76 8.84 0.08 8.76 0.00 8.63

13 0.00 0.00 0.00

14

15

Total 100.00 98.50

Payins

Months 1 2.00 3 4 5 6 7 8

1 6.34

2 0.95 6.40

3 0.24 0.96 6.45

4 0.28 0.24 0.97 6.51

5 0.28 0.24 0.98 6.576 0.28 0.24 0.99 6.63

7 0.28 0.25 0.99 6.69

8 0.29 0.25 1.00 6.76

9 0.29 0.25 1.01

10 0.29 0.25

11 0.30

12

13


29/82

14

15

7.80 7.87 7.95 8.02 8.09 8.17 8.24 8.32

Loss 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%

Staggered payouts

Months 1 2.00 3 4 5 6 7 8

1 5.46

2 1.56 5.51

3 0.78 1.57 5.56

4 0.79 1.59 5.61

5 0.79 1.60 5.66

6 0.80 1.62 5.72

7 0.81 1.63 5.77

8 0.82 1.65 5.82

9 0.82 1.66

10 0.83

1112

7.80 7.87 7.95 8.02 8.09 8.17 8.24 8.32

Months Payins Normal

payouts

Staggered

payouts

Deviation

(B-A)

Cumul Deviation

(C-A)

Cumul

A B C

1 6.34 7.80 5.46 (1.47) (1.47) 0.88 0.88

2 7.35 7.87 7.07 (0.53) (1.99) 0.27 1.15

3 7.65 7.95 7.92 (0.30) (2.29) (0.27) 0.884 8.00 8.02 7.99 (0.02) (2.31) 0.01 0.89

5 8.07 8.09 8.06 (0.02) (2.33) 0.01 0.90

6 8.15 8.17 8.14 (0.02) (2.35) 0.01 0.91

7 8.22 8.24 8.21 (0.02) (2.37) 0.01 0.91

8 8.30 8.32 8.29 (0.02) (2.40) 0.01 0.92

9 8.37 8.39 8.36 (0.02) (2.42) 0.01 0.93

10 8.45 8.47 10.98 (0.02) (2.44) (2.53) (1.60)

11 8.53 8.55 9.39 (0.02) (2.46) (0.86) (2.46)

12 8.60 8.63 8.63 (0.02) (2.49) (0.02) (2.49)

13 1.61 0.00 0.00 1.61 (0.87) 1.61 (0.87)

14 0.57 0.00 0.00 0.57 (0.31) 0.57 (0.31)

15 0.31 0.00 0.00 0.31 (0.00) 0.31 0.00

98.50 98.50 98.50 (2.49) (2.49) (3.68) (3.68)

Months 1 2.00 3 4 5 6 7 8

1 0.00

2 0.00

3 7.80

4 7.87


30/82

5 7.95

6 8.02

7 8.09

8 8.17

9

10

1112

0.00 0.00 7.80 7.87 7.95 8.02 8.09 8.17

Opening overdues


31/82

Payins Mismatch Cum

Mismatch

Staggered

payous

PI - SPO Cum PI-

SPO

Wt. Drawal

w/o

staggering

Wt. Drawal

with

staggering

6.34 (1.47) (1.47) 5.46 0.88 0.88 9.6285823 9.6285823

7.35 (0.53) (1.99) 7.07 0.27 1.15 -5.28331 2.7339404

7.65 (0.30) (2.29) 7.92 (0.27) 0.88 -2.659761 -2.400503

8.00 (0.02) (2.31) 7.99 0.01 0.89 -0.167885 0.0646798

8.07 (0.02) (2.33) 8.06 0.01 0.90 -0.148246 0.0571136

8.15 (0.02) (2.35) 8.14 0.01 0.91 -0.128233 0.0494033

8.22 (0.02) (2.37) 8.21 0.01 0.91 -0.10784 0.0415468

8.30 (0.02) (2.40) 8.29 0.01 0.92 -0.087063 0.0335421

8.37 (0.02) (2.42) 8.36 0.01 0.93 -0.065896 0.0253872

8.45 (0.02) (2.44) 10.98 (2.53) (1.60) -0.044333 -5.065228

8.53 (0.02) (2.46) 9.39 (0.86) (2.46) -0.02237 -0.861727

8.60 (0.02) (2.49) 8.63 (0.02) (2.49) 0 0

1.61 1.61 (0.87) 0.00 1.61 (0.87)

0.57 0.57 (0.31) 0.00 0.57 (0.31)

0.31 0.31 (0.00) 0.00 0.31 0.00

98.50 0.9136465 4.306738

0.0117134 0.0552146

9 10 11 12 Total

6.34

7.35

7.65

8.00

8.078.15

8.22

8.30

6.82 8.37

1.02 6.88 8.45

0.26 1.03 6.94 8.53

0.30 0.26 1.04 7.01 8.60

0.30 0.26 1.05 1.61


32/82

0.30 0.26 0.57

0.31 0.31

8.39 8.47 8.55 8.63 98.50

1.50% 1.50% 1.50% 1.50%

9 10 11 12 Total payouts

5.46

7.07

7.92

7.99

8.06

8.14

8.21

8.29

5.88 8.36

1.68 8.47 10.98

0.84 8.55 9.398.63 8.63

8.39 8.47 8.55 8.63 98.50

9 10 11 12 Total payouts

0.00

0.00

7.80

7.87


33/82

7.95

8.02

8.09

8.17

8.24 8.24

8.32 8.32

8.39 8.3925.65 25.65

8.24 8.32 8.39 25.65 98.50


34/82

Exhibit 4(2) Prepayment Risk

Pool 100 crore

Average life 36 months

Average Intt rate-WAC 9.00% p.a

Loss rate 0.25% per month

Prepayment rate 2.00% per month

Perpayment penalty 2.00% of prepaid amt

PTC-A 90.00

Coupon 7.00%

Tenor 32.00

P-Class 0.00

Coupon 7.50%

Tenor 33.00

SO Class 10.00

Coupon 10.00%

Pool cashflowsMonths 0 1 2 3 4 5 6Opening o/s 100.00 95.37 90.89 86.54 82.32 78.24

Credit Loss 0.25 0.24 0.23 0.22 0.21 0.20

Original EMI 3.11

Pool o/s after loss 99.75 95.14 90.66 86.32 82.12 78.04

Prepaid principal 2.00 1.91 1.82 1.73 1.65 1.56

Pool o/s after loss&prep 97.75 93.23 88.84 84.59 80.47 76.48

EMI received 3.11 3.04 2.97 2.90 2.84 2.77

Interest 0.73 0.70 0.67 0.63 0.60 0.57

Principal 2.38 2.34 2.30 2.27 2.23 2.20

Closing o/s 95.37 90.89 86.54 82.32 78.24 74.28

4.3752989 8.493525 12.36472 15.99861 19.40459 22.59174Principal cashflows

Unscheduled principal

Prepayments 2.00 1.91 1.82 1.73 1.65 1.56

Loss met from EIS 0.25 0.24 0.23 0.22 0.21 0.20

Scheduled principal

EMI 2.38 2.34 2.30 2.27 2.23 2.20

Total principal received 4.62 4.49 4.35 4.22 4.09 3.96

Interest cashlows

Interest in EMI 0.73 0.70 0.67 0.63 0.60 0.57

Prepayment penalty 0.04 0.04 0.04 0.03 0.03 0.03

Interest received 0.77 0.74 0.70 0.67 0.64 0.60

Allocation of Principal

Prepayment to P 0.00 0.00 0.00 0.00 0.00 0.00

Other Principal to A 4.62 4.49 4.35 4.22 4.09 3.96

Other Principal to P 0.00 0.00 0.00 0.00 0.00 0.00

Remaining prin to SO 0.00 0.00 0.00 0.00 0.00 0.00


35/82

Allocation of Interest

Interest to PTC-A 0.53 0.50 0.47 0.45 0.42 0.40

Interest P-Class 0.00 0.00 0.00 0.00 0.00 0.00

Credit Loss 0.25 0.24 0.23 0.22 0.21 0.20

Total allocation 0.77 0.74 0.70 0.66 0.63 0.59Credit Loss unabsobed 0.00 0.00 0.00 0.00 0.00 0.00

PTC-A

Opening o/s 90.00 85.38 80.89 76.54 72.33 68.24

Repayment of principal 4.62 4.49 4.35 4.22 4.09 3.96

Principal written off

Closing o/s 85.38 80.89 76.54 72.33 68.24 64.28

4.62 8.97 13.05 16.86 20.43 23.77

P-Class

Opening o/s 0.00 0.00 0.00 0.00 0.00 0.00

Repayment from prepaid prin 0.00 0.00 0.00 0.00 0.00 0.00

Repayment from other principal 0.00 0.00 0.00 0.00 0.00 0.00Closing o/s 0.00 0.00 0.00 0.00 0.00 0.00

SO Class

Opening o/s 10.00 10.00 10.00 10.00 10.00 10.00

Repayment of principal 0.00 0.00 0.00 0.00 0.00 0.00

Principal written off 0.00 0.00 0.00 0.00 0.00 0.00

Closing o/s 10.00 10.00 10.00 10.00 10.00 10.00

96.350401 92.75865 89.22395 85.74553 82.32263 78.9545

93.423301 87.20829 81.33669 75.7911 70.55498 65.61255

Cumulative Billings

0

20

40

60

80

100

120

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35

Poolprincipaloutstanding

Months

Pool amortization at 1% and 4% prepayment per month

1% prepeyment

4% prepaymentPer

centreductioninWAL


36/82

7 8 9 10 11 12 13 14 15

74.28 70.44 66.72 63.12 59.63 56.25 52.97 49.80 46.74

0.19 0.18 0.17 0.16 0.15 0.14 0.13 0.12 0.12

74.09 70.26 66.55 62.96 59.48 56.11 52.84 49.68 46.62

1.49 1.41 1.33 1.26 1.19 1.12 1.06 1.00 0.93

72.61 68.85 65.22 61.70 58.28 54.98 51.78 48.68 45.68

2.71 2.65 2.59 2.53 2.48 2.42 2.37 2.31 2.26

0.54 0.52 0.49 0.46 0.44 0.41 0.39 0.37 0.34

2.17 2.13 2.10 2.07 2.04 2.01 1.98 1.95 1.92

70.44 66.72 63.12 59.63 56.25 52.97 49.80 46.74 43.77

25.56885 28.34442 30.92665 33.3235 35.54262 37.59144 39.47711 41.20656 42.78647

1.49 1.41 1.33 1.26 1.19 1.12 1.06 1.00 0.93

0.19 0.18 0.17 0.16 0.15 0.14 0.13 0.12 0.12

2.17 2.13 2.10 2.07 2.04 2.01 1.98 1.95 1.92

3.84 3.72 3.60 3.49 3.38 3.27 3.17 3.07 2.97

0.54 0.52 0.49 0.46 0.44 0.41 0.39 0.37 0.34

0.03 0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.02

0.57 0.54 0.52 0.49 0.46 0.43 0.41 0.39 0.36

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

3.84 3.72 3.60 3.49 3.38 3.27 3.17 3.07 2.97

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


37/82

0.37 0.35 0.33 0.31 0.29 0.27 0.25 0.23 0.21

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.19 0.18 0.17 0.16 0.15 0.14 0.13 0.12 0.12

0.56 0.53 0.50 0.47 0.44 0.41 0.38 0.36 0.330.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

64.28 60.44 56.72 53.12 49.63 46.25 42.97 39.81 36.74

3.84 3.72 3.60 3.49 3.38 3.27 3.17 3.07 2.97

60.44 56.72 53.12 49.63 46.25 42.97 39.81 36.74 33.77

26.87 29.75 32.43 34.90 37.18 39.28 41.20 42.95 44.54

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00

75.64038 72.37954 69.17125 66.01481 62.90949 59.8546 56.84946 53.89337 50.98567

60.94884 56.54956 52.40114 48.49066 44.80584 41.33498 38.06695 34.9912 32.09766

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5%

Increase in prepayment rate(monthly mortality)

Increase in prepayment vs. reduction in WAL


38/82

16 17 18 19 20 21 22 23 24

43.77 40.89 38.11 35.42 32.82 30.31 27.88 25.53 23.25

0.11 0.10 0.10 0.09 0.08 0.08 0.07 0.06 0.06

43.66 40.79 38.02 35.34 32.74 30.23 27.81 25.46 23.20

0.88 0.82 0.76 0.71 0.66 0.61 0.56 0.51 0.47

42.78 39.97 37.26 34.63 32.08 29.63 27.25 24.95 22.73

2.21 2.16 2.11 2.06 2.02 1.97 1.93 1.88 1.84

0.32 0.30 0.28 0.26 0.24 0.22 0.20 0.19 0.17

1.89 1.86 1.83 1.80 1.78 1.75 1.72 1.70 1.67

40.89 38.11 35.42 32.82 30.31 27.88 25.53 23.25 21.06

44.22331 45.5233 46.69247 47.73664 48.6614 49.47219 50.17423 50.77255 51.27204

0.88 0.82 0.76 0.71 0.66 0.61 0.56 0.51 0.47

0.11 0.10 0.10 0.09 0.08 0.08 0.07 0.06 0.06

1.89 1.86 1.83 1.80 1.78 1.75 1.72 1.70 1.67

2.87 2.78 2.69 2.60 2.52 2.43 2.35 2.27 2.19

0.32 0.30 0.28 0.26 0.24 0.22 0.20 0.19 0.17

0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.01

0.34 0.32 0.29 0.27 0.25 0.23 0.22 0.20 0.18

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2.87 2.78 2.69 2.60 2.52 2.43 2.35 2.27 2.19

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


39/82

0.20 0.18 0.16 0.15 0.13 0.12 0.10 0.09 0.08

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.11 0.10 0.10 0.09 0.08 0.08 0.07 0.06 0.06

0.31 0.28 0.26 0.24 0.22 0.19 0.17 0.15 0.140.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

33.77 30.90 28.12 25.43 22.82 20.31 17.88 15.53 13.26

2.87 2.78 2.69 2.60 2.52 2.43 2.35 2.27 2.19

30.90 28.12 25.43 22.82 20.31 17.88 15.53 13.26 11.06

45.97 47.26 48.41 49.42 50.30 51.06 51.71 52.24 52.67

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00

48.1257 45.3128 42.54633 39.82564 37.15012 34.51912 31.93206 29.38831 26.88728

29.37676 26.81943 24.417 22.16127 20.04443 18.05905 16.19809 14.45484 12.82293


40/82

25 26 27 28 29 30 31 32 33

21.06 18.94 16.89 14.92 13.01 11.17 9.39 7.68 6.03

0.05 0.05 0.04 0.04 0.03 0.03 0.02 0.02 0.02

21.01 18.89 16.85 14.88 12.98 11.14 9.37 7.66 6.01

0.42 0.38 0.34 0.30 0.26 0.22 0.19 0.15 0.12

20.59 18.51 16.51 14.58 12.72 10.92 9.18 7.51 5.89

1.80 1.76 1.72 1.68 1.64 1.61 1.57 1.54 1.50

0.15 0.14 0.12 0.11 0.10 0.08 0.07 0.06 0.04

1.65 1.62 1.60 1.57 1.55 1.52 1.50 1.48 1.46

18.94 16.89 14.92 13.01 11.17 9.39 7.68 6.03 4.44

51.67737 51.99308 52.22352 52.37292 52.44531 52.44462 52.3746 52.23889 52.04097

0.42 0.38 0.34 0.30 0.26 0.22 0.19 0.15 0.12

0.05 0.05 0.04 0.04 0.03 0.03 0.02 0.02 0.02

1.65 1.62 1.60 1.57 1.55 1.52 1.50 1.48 1.46

2.12 2.05 1.98 1.91 1.84 1.78 1.71 1.65 1.59

0.15 0.14 0.12 0.11 0.10 0.08 0.07 0.06 0.04

0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00

0.16 0.15 0.13 0.12 0.10 0.09 0.07 0.06 0.05

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2.12 2.05 1.98 1.91 1.84 1.17 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.61 1.71 1.65 1.59


41/82

0.06 0.05 0.04 0.03 0.02 0.01 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.05 0.05 0.04 0.04 0.03 0.03 0.02 0.02 0.02

0.12 0.10 0.08 0.07 0.05 0.03 0.02 0.02 0.020.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

11.06 8.94 6.90 4.92 3.01 1.17 0.00 0.00 0.00

2.12 2.05 1.98 1.91 1.84 1.17 0.00 0.00 0.00

8.94 6.90 4.92 3.01 1.17 0.00 0.00 0.00 0.00

52.99 53.22 53.36 53.42 53.39 35.10 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

10.00 10.00 10.00 10.00 10.00 10.00 9.39 7.68 6.03

0.00 0.00 0.00 0.00 0.00 0.61 1.71 1.65 1.59

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

10.00 10.00 10.00 10.00 10.00 9.39 7.68 6.03 4.44

24.42838 22.01103 19.63466 17.29869 15.00258 12.74575 10.52768 8.347825 6.205648

11.29631 9.869247 8.53628 7.292229 6.132174 5.051448 4.045617 3.110477 2.242036


42/82

34 35 36 Total 4.00%

4.44 2.90 1.42 Prepayme WAL

0.01 0.01 0.00 0.0% 18.49

4.42 2.89 1.42 0.5% 17.14 7.3%

0.09 0.06 0.03 1.0% 16.21 12.3%

4.34 2.84 1.39 1.5% 15.35 17.0%

1.47 1.43 1.40 2.0% 14.57 21.2%

0.03 0.02 0.01 2.5% 13.84 25.1%

1.43 1.41 1.39 3.0% 13.17 28.8%

2.90 1.42 0.00 3.5% 12.55 32.1%

51.78422 51.47186 51.10703 1456.70 14.57 4.0% 11.97 35.3%

0.09 0.06 0.03

0.01 0.01 0.00

1.43 1.41 1.39

1.53 1.48 1.42

0.03 0.02 0.01

0.00 0.00 0.00

0.03 0.02 0.01

0.00 0.00 0.00

0.00 0.00 0.00

0.00 0.00 0.00

1.53 1.48 1.42


43/82

0.00 0.00 0.00

0.00 0.00 0.00

0.01 0.01 0.00

0.01 0.01 0.000.00 0.00 0.00

0.00 0.00 0.00

0.00 0.00 0.00

0.00 0.00 0.00 1.0%

0.00 0.00 0.00 1167.33 12.97

0.00 0.00 0.00

0.00 0.00 0.00

0.00 0.00 0.000.00 0.00 0.00

4.44 2.90 1.42

1.53 1.48 1.42

0.00 0.00 0.00

2.90 1.42 0.00

4.100629 2.03225 1.64E-14

1.436506 0.690297 5.66E-15


44/82


45/82


46/82

Exhibit 5(1) SMM and CPR

Pool Balance Rs. 30,000,000.00

WAC 10%

WAM 360 months

SMM 1%

Month

Opening

balance (Col

1)

Scheduled

Instalment

(Col 2)

Scheduled

Interest

(Col 3)

Scheduled

Principal

(Col 4)

Bal. Afterscheduled

principal (Col

5)

Prepayment

(SMM*Col.5

) (Col 6)

0

1 30,000,000.00 263,271.47 250000 13,271.47 29,986,728.53 299867.29

2 29,686,861.24 260,638.76 247390.5104 13,248.25 29,673,613.00 296736.13

3 29,376,876.87 258,032.37 244807.3072 13,225.06 29,363,651.81 293636.52

4 29,070,015.29 255,452.05 242250.1274 13,201.92 29,056,813.37 290568.13

5 28,766,245.24 252,897.52 239718.7103 13,178.81 28,753,066.42 287530.66

Month 1 2 3 4

Opening balance (Row 1) 30000000.00 29686861.24 29376876.87 29070015.29

Scheduled Instalment (Row 2) 263271.47 260638.76 258032.37 255452.05

Scheduled Interest (Row 3) 250000.00 247390.51 244807.31 242250.13

Scheduled Principal (Row 4) 13271.47 13248.25 13225.06 13201.92

Bal. After scheduled principal (Row 5) 29986728.53 29673613.00 29363651.81 29056813.37

Prepayment (SMM*Row 5) (Row 6) 299867.29 296736.13 293636.52 290568.13

Closing balance (Row 7) 29686861.24 29376876.87 29070015.29 28766245.24

PSA 50% 100% 150%Month CPR 50% CPR 100% CPR 150% SMM 50% SMM 100% SMM 150%

1 0.10% 0.20% 0.30% 0.01% 0.02% 0.03%

2 0.20% 0.40% 0.60% 0.02% 0.03% 0.05%

3 0.30% 0.60% 0.90% 0.03% 0.05% 0.08%

4 0.40% 0.80% 1.20% 0.03% 0.07% 0.10%

5 0.50% 1.00% 1.50% 0.04% 0.08% 0.13%

6 0.60% 1.20% 1.80% 0.05% 0.10% 0.15%

7 0.70% 1.40% 2.10% 0.06% 0.12% 0.18%

8 0.80% 1.60% 2.40% 0.07% 0.13% 0.20%

9 0.90% 1.80% 2.70% 0.08% 0.15% 0.23%

10 1.00% 2.00% 3.00% 0.08% 0.17% 0.25%

11 1.10% 2.20% 3.30% 0.09% 0.19% 0.28%

12 1.20% 2.40% 3.60% 0.10% 0.20% 0.31%

13 1.30% 2.60% 3.90% 0.11% 0.22% 0.33%

14 1.40% 2.80% 4.20% 0.12% 0.24% 0.36%

15 1.50% 3.00% 4.50% 0.13% 0.25% 0.38%

16 1.60% 3.20% 4.80% 0.13% 0.27% 0.41%


47/82

17 1.70% 3.40% 5.10% 0.14% 0.29% 0.44%

18 1.80% 3.60% 5.40% 0.15% 0.31% 0.46%

19 1.90% 3.80% 5.70% 0.16% 0.32% 0.49%

20 2.00% 4.00% 6.00% 0.17% 0.34% 0.51%

21 2.10% 4.20% 6.30% 0.18% 0.36% 0.54%

22 2.20% 4.40% 6.60% 0.19% 0.37% 0.57%23 2.30% 4.60% 6.90% 0.19% 0.39% 0.59%

24 2.40% 4.80% 7.20% 0.20% 0.41% 0.62%

25 2.50% 5.00% 7.50% 0.21% 0.43% 0.65%

26 2.60% 5.20% 7.80% 0.22% 0.44% 0.67%

27 2.70% 5.40% 8.10% 0.23% 0.46% 0.70%

28 2.80% 5.60% 8.40% 0.24% 0.48% 0.73%

29 2.90% 5.80% 8.70% 0.24% 0.50% 0.76%

30 3.00% 6.00% 9.00% 0.25% 0.51% 0.78%

31 3.00% 6.00% 9.00% 0.25% 0.51% 0.78%

32 3.00% 6.00% 9.00% 0.25% 0.51% 0.78%

33 3.00% 6.00% 9.00% 0.25% 0.51% 0.78%

34 3.00% 6.00% 9.00% 0.25% 0.51% 0.78%

35 3.00% 6.00% 9.00% 0.25% 0.51% 0.78%

36 3.00% 6.00% 9.00% 0.25% 0.51% 0.78%

37 3.00% 6.00% 9.00% 0.25% 0.51% 0.78%

38 3.00% 6.00% 9.00% 0.25% 0.51% 0.78%

39 3.00% 6.00% 9.00% 0.25% 0.51% 0.78%

40 3.00% 6.00% 9.00% 0.25% 0.51% 0.78%


48/82

Closing

balance

(Col 7)

29,686,861.24 0.9900 0.9900

29,376,876.87 0.9801 0.9801

29,070,015.29 0.9703 0.9703

28,766,245.24 0.9606 0.9606

28,465,535.76 0.9510 0.9510

5

28766245.24

252897.52

239718.71

13178.81

28753066.42

287530.66

28465535.76

PSA 50% 100% 150%

CPR 3.00% 6.00% 9.00%

SMM 0.25% 0.51% 0.78%

SMM CPR

0.85% 9.74%


49/82

Exhibit 6(1) OC Test for Market Value CDOs

Collateral Rs. crore % CDO tranches Rs. crore %

Senior secured bank loans 200 33.33% Senior notes AA 400 66.67%

CD and CP 120 20.00% Mezannine notes BBB 150 25.00%

BBB high yield debt 130 21.67% Equity unrated 50 8.33%

Convertible bonds 150 25.00%

Total 600 600

OC test for senior notes AA

Collateral Rs. crore Adv. Rate

Senior secured bank loans 200 85%

CD and CP 120 95%

BB- high yield debt 130 71%

Convertible bonds 150 64%

Total 600

AA notes issued

Borrowing amount surplus 12%OC level (minimum permissible)

OC test for mezannine notes BBB

Collateral Rs. crore Adv. Rate

Senior secured bank loans 200 91%

CD and CP 120 95%

BB- high yield debt 130 87%

Convertible bonds 150 81%

Total 600

BB- notes issued

Borrowing amount surplus 63%

OC level (minimum permissible)


50/82

Permissble

issue

170.00

114.00

92.30

96.00

472.30

400.00

72.301.27

Permissble

issue

182.00

114.00

113.10

121.50

530.60

150.00

380.60

1.13


51/82

Exhibit 9(1) Collection Efficiency I




Securities Isued 100 crore

Collection pattern month of billing 80.00%Next month 12.00% 60 dpd

Next second month 3.00% 90 dpd

Loss Next month recovery 70% 3.50% 120 dpd

Loss 1.50%

PTCs issued (principal payable in 10 equal instalments) 72 crore

Coupon on PTCs 9.00%

Cash Flows (Original Schedule)

Months OpeningPrincipal Prepayment Principalafter lossEMI(Billings)

Interest Principal Closingprincipal

0

1 100.00 1.00 99.00 8.75 0.91 7.84 91.16

2 91.16 0.91 90.25 8.66 0.83 7.84 82.41

3 82.41 0.82 81.59 8.58 0.75 7.83 73.76

4 73.76 0.74 73.02 8.49 0.67 7.82 65.20

5 65.20 0.65 64.55 8.41 0.59 7.81 56.74

6 56.74 0.57 56.17 8.32 0.51 7.81 48.36

7 48.36 0.48 47.88 8.24 0.44 7.80 40.08

8 40.08 0.40 39.68 8.16 0.36 7.79 31.89

9 31.89 0.32 31.57 8.07 0.29 7.78 23.78

10 23.78 0.24 23.55 7.99 0.22 7.78 15.77

11 15.77 0.16 15.61 7.91 0.14 7.77 7.84

12 7.84 0.08 7.76 7.83 0.07 7.76 0.00

13 0.00 0.00 0.00

14

15

Total 5.78 93.63 99.41

Payins Principal

Months 1 2.00 3 4 5 6 7 8

1 6.27

2 0.94 6.27

3 0.24 0.94 6.26

4 0.27 0.24 0.94 6.265 0.27 0.23 0.94 6.25

6 0.27 0.23 0.94 6.24

7 0.27 0.23 0.94 6.24

8 0.27 0.23 0.94 6.23

9 0.27 0.23 0.93

10 0.27 0.23

11 0.27

12


52/82

13

14

15

7.72 7.72 7.71 7.70 7.70 7.69 7.68 7.67

Loss 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12

Loss 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%

Payins Interest

Months 1 2 3 4 5 6 7 8

1 0.73

2 0.11 0.66

3 0.03 0.10 0.60

4 0.03 0.02 0.09 0.54

5 0.03 0.02 0.08 0.47

6 0.03 0.02 0.07 0.41

7 0.02 0.02 0.06 0.35

8 0.02 0.02 0.05 0.299 0.02 0.01 0.04

10 0.02 0.01

11 0.01

12

13

14

15

Collection 0.89 0.81 0.74 0.66 0.58 0.51 0.43 0.36

Lost 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01

Actual Cash Flows

Months Opening

Principal

Principal billing Interest

billing

Total

billings

Prepayment Closing

principal

Sch.

principal

collections

Sch. interest

collections

0

1 100 7.84 0.91 8.75 1.00 91.16 6.27 0.73

2 91.16 7.84 0.83 8.66 0.91 82.41 7.21 0.77

3 82.41 7.83 0.75 8.58 0.82 73.76 7.44 0.72

4 73.76 7.82 0.67 8.49 0.74 65.20 7.71 0.68

5 65.20 7.81 0.59 8.41 0.65 56.74 7.70 0.61

6 56.74 7.81 0.51 8.32 0.57 48.36 7.69 0.53

7 48.36 7.80 0.44 8.24 0.48 40.08 7.68 0.45

8 40.08 7.79 0.36 8.16 0.40 31.89 7.68 0.38

9 31.89 7.78 0.29 8.07 0.32 23.78 7.67 0.31

10 23.78 7.78 0.22 7.99 0.24 15.77 7.66 0.23

11 15.77 7.77 0.14 7.91 0.16 7.84 7.66 0.16

12 7.84 7.76 0.07 7.83 0.08 (0.00) 7.65 0.09

13 (0.00) 0.00 0.00 0.00 0.00 (0.00) 1.44 0.02

14 (0.00) 0.00 0.00 0.00 0.00 (0.00) 0.50 0.01

15 (0.00) 0.00 0.00 0.00 0.00 (0.00) 0.27 0.00

Total 93.63 5.78 99.41 6.37 92.23 5.69


53/82

Loss 1.40

Billings

Months 1 2 3 4 5 6 7

Pricnipal billings 7.84 7.84 7.83 7.82 7.81 7.81 7.80

Interest billings 0.91 0.83 0.75 0.67 0.59 0.51 0.44

Total billings 8.75 8.66 8.58 8.49 8.41 8.32 8.24

Delinquent Principal

Months

1 2 3 4 5 6 7 8

1 1.57

2 0.63 1.57

3 0.39 0.63 1.57

4 0.12 0.39 0.63 1.56

5 0.12 0.39 0.63 1.56

6 0.12 0.39 0.63 1.56

7 0.12 0.39 0.62 1.568 0.12 0.39 0.62 1.56

9 0.12 0.39 0.62

10 0.12 0.39

11 0.12

12

13

14

15

2.71 2.70 2.70 2.70 2.70 2.69 2.69 2.69

Delinquent Interest

Months

1 2 3 4 5 6 7 8

1 0.18

2 0.07 0.17

3 0.05 0.07 0.15

4 0.01 0.04 0.06 0.13

5 0.01 0.04 0.05 0.12

6 0.01 0.03 0.05 0.10

7 0.01 0.03 0.04 0.09

8 0.01 0.03 0.04 0.07

9 0.01 0.02 0.03

10 0.01 0.02

11 0.0112

13

14

15


54/82

Months CCE MCE

1 0.8 0.82 0.8603015 0.921212121

3 0.890502 0.951821243

4 0.9144838 0.987892598

5 0.928872 0.987892598

6 0.9384633 0.987892598

7 0.9453135 0.987892598

8 0.9504505 0.987892598

9 0.9544455 0.987892598

10 0.957641 0.987892598

11 0.960255 0.987892598

12 0.962433 0.987892598

13 0.977091714 0.9822418

15 0.985

Summary Collection

Months

Prep prin Sch prin Add surp Total prin Prin to PTC Interest Intt to PTC

1 1.00 6.27 7.27 7.2 0.73

2 0.91 7.21 0.07 8.19 7.2 0.77

3 0.82 7.44 0.99 9.26 7.2 0.72

4 0.74 7.71 2.06 10.50 7.2 0.685 0.65 7.70 3.30 11.65 7.2 0.61

6 0.57 7.69 4.45 12.71 7.2 0.53

7 0.48 7.68 5.51 13.68 7.2 0.45

8 0.40 7.68 6.48 14.55 7.2 0.38

9 0.32 7.67 7.35 15.34 7.2 0.31

10 0.24 7.66 8.14 16.04 7.2 0.23

11 0.16 7.66 8.84 16.66 0 0.16

12 0.08 7.65 16.66 24.38 0 0.09

75%

80%

85%

90%

95%

100%

105%

0 1 2 3

CCE/MC

E


55/82

13 0.00 1.44 24.38 25.82 0 0.02

14 0.00 0.50 25.82 26.32 0 0.01

15 0.00 0.27 26.32 26.60 0 0.00

PTC Amortization

Op bal Repaymnt Cl bal1 72 7.2 64.8

2 64.8 7.2 57.6

3 57.6 7.2 50.4

4 50.4 7.2 43.2

5 43.2 7.2 36

6 36 7.2 28.8

7 28.8 7.2 21.6

8 21.6 7.2 14.4

9 14.4 7.2 7.2

10 7.2 7.2 -1.24E-14


56/82

9 10 11 12 Monthly collections

6.27

7.21

7.44

7.717.70

7.69

7.68

7.68

6.23 7.67

0.93 6.22 7.66

0.23 0.93 6.22 7.66

0.27 0.23 0.93 6.21 7.65


57/82

0.27 0.23 0.93 1.44

0.27 0.23 0.50

0.27 0.27

7.67 7.66 7.65 7.65 92.23

0.12 0.12 0.12 0.12 1.40

1.50% 1.50% 1.50% 1.50% 0.0150


0.73

0.77

0.72

0.68

0.61

0.53

0.45

0.380.23 0.31

0.03 0.17 0.23

0.01 0.03 0.11 0.16

0.01 0.01 0.02 0.06 0.09

0.01 0.00 0.01 0.02

0.01 0.00 0.01

0.00 0.00

0.29 0.21 0.14 0.07 5.69 97.92

0.00 0.00 0.00 0.00 0.087

1.50%

Total sch.

collections

Opening

overdues

Closing

overdues

Cum TB Cum total

col

CCE MCE

7.00 0 1.75 8.75 7.00 80.0% 80.0%

7.98 1.75 2.43 17.41 14.98 86.0% 92.1%

8.16 2.43 2.85 25.99 23.14 89.1% 95.2%

8.39 2.85 2.95 34.48 31.53 91.4% 98.79%

8.30 2.95 3.05 42.88 39.83 92.9% 98.79%

8.22 3.05 3.15 51.20 48.05 93.8% 98.79%

8.14 3.15 3.25 59.44 56.19 94.5% 98.79%

8.06 3.25 3.35 67.60 64.25 95.0% 98.79%

7.98 3.35 3.45 75.67 72.22 95.4% 98.79%

7.90 3.45 3.54 83.66 80.12 95.8% 98.79%

7.82 3.54 3.64 91.58 87.94 96.0% 98.79%

7.74 3.64 3.73 99.41 95.68 96.2% 98.79%

1.46 3.73 2.28 99.41 97.13 97.7%

0.51 2.28 1.77 99.41 97.65 98.2%

0.27 1.77 1.49 99.41 97.92 98.5%

97.92


58/82

8 9 10 11 12 Total

7.79 7.78 7.78 7.77 7.76 93.63 0 0

0.36 0.29 0.22 0.14 0.07 5.78 0 0 5.7806733

8.16 8.07 7.99 7.91 7.83 99.41

9 10 11 12

Monthly

overdues

(prin) 60 dpd 90 dpd 120 dpd

1.57 1.57 0.00 0.00

2.19 1.57 0.63

2.58 1.57 0.63 0.39

2.70 1.56 0.63 0.39

2.70 1.56 0.63 0.39

2.69 1.56 0.63 0.39

2.69 1.56 0.63 0.392.69 1.56 0.62 0.39

1.56 2.69 1.56 0.62 0.39

0.62 1.56 2.68 1.56 0.62 0.39

0.39 0.62 1.55 2.68 1.55 0.62 0.39

0.12 0.39 0.62 1.55 2.68 1.55 0.62 0.39

0.12 0.39 0.62 1.13

0.12 0.39 0.50

0.12 0.12

2.69 2.68 2.68 2.68 32.30 40.14

9 10 11 12

Monthly

overdues

(intt) 60 dpd 90 dpd 120 dpd

0.18 1.7% 0.0% 0.0%

0.24 1.9% 0.8% 0.0%

0.26 2.1% 0.8% 0.5%

0.25 2.4% 1.0% 0.6%

0.22 2.8% 1.1% 0.7%

0.19 3.2% 1.3% 0.8%

0.17 3.9% 1.6% 1.0%

0.14 4.9% 2.0% 1.2%

0.06 0.12 6.5% 2.6% 1.6%

0.02 0.04 0.09 9.9% 4.0% 2.5%

0.01 0.02 0.03 0.07 19.8% 7.9% 5.0%0.004 0.01 0.01 0.01 0.04

0.003 0.01 0.01 0.02

0.002 0.004 0.01

0.001 0.00


59/82

4 5 6 7 8 9 10 11 12 13 14 15 16

Months

Behaviour of CCE and MCE

CCE

MCE

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

1 2 3 4 5

%o

ftotalprincipalo/s

Mo

ge ng


60/82


61/82


62/82


63/82

150 dpd Current Total o/s

0.00 89.59 91.16

80.22 82.41

71.17 73.76

0.12 62.50 65.20

0.12 54.04 56.74

0.12 45.67 48.36

0.12 37.39 40.080.12 29.20 31.89

0.12 21.10 23.78

0.12 13.08 15.77

0.12 5.16 7.84

0.12 -2.68 0.00

150 dpd Current Original Pool

0.0% 98.3% 100.0% 100 1.57%

0.0% 97.3% 100.0% 2.19%

0.0% 96.5% 100.0% 2.58%

0.2% 95.9% 100.0% 2.70%

0.2% 95.2% 100.0% 2.70%

0.2% 94.4% 100.0% 2.70%

0.3% 93.3% 100.0% 2.69%

0.4% 91.6% 100.0% 2.69%

0.5% 88.7% 100.0% 2.69%

0.7% 83.0% 100.0% 2.69%

1.5% 65.8% 100.0% 2.68%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

1 2 3 4 5 6 7 8 9 10

Month

Deliquency Rate


64/82

6 7 8 9 10 11

nths

na ys s

60 dpd

90 dpd

120 dpd

150 dpd

Current


65/82


66/82


67/82


68/82


69/82


70/82

13

14

15

7.80 7.79 7.77 7.76 7.74 7.72 7.70 7.68

Loss 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12

Loss 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%

Payins Interest

Months 1 2 3 4 5 6 7 8

1 0.73

2 0.11 0.67

3 0.03 0.10 0.60

4 0.03 0.03 0.09 0.54

5 0.03 0.02 0.08 0.48

6 0.03 0.02 0.07 0.41

7 0.02 0.02 0.06 0.35

8 0.02 0.02 0.05 0.299 0.02 0.01 0.04

10 0.02 0.01

11 0.01

12

13

14

15

Collection 0.90 0.82 0.74 0.66 0.59 0.51 0.43 0.36

Lost 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01

Actual Cash Flows

Months Opening

Principal

Principal

billing

Interest

billing

Total

billings

Prepayment Closing

principal

Sch.

principal

collections

Sch. interest

collections

0

1 100 7.92 0.92 8.84 1.00 91.08 6.34 0.73

2 91.08 7.91 0.83 8.74 0.91 82.26 7.28 0.78

3 82.26 7.89 0.75 8.65 0.82 73.55 7.50 0.73

4 73.55 7.88 0.67 8.55 0.74 64.93 7.76 0.69

5 64.93 7.86 0.60 8.46 0.65 56.42 7.75 0.61

6 56.42 7.84 0.52 8.36 0.56 48.02 7.73 0.53

7 48.02 7.82 0.44 8.26 0.48 39.72 7.71 0.46

8 39.72 7.80 0.36 8.16 0.40 31.52 7.69 0.38

9 31.52 7.77 0.29 8.06 0.32 23.43 7.66 0.31

10 23.43 7.74 0.21 7.95 0.23 15.46 7.63 0.23

11 15.46 7.69 0.14 7.84 0.15 7.61 7.59 0.16

12 7.61 7.61 0.07 7.68 0.00 (0.00) 7.52 0.09

13 (0.00) 0.00 0.00 0.00 0.00 (0.00) 1.41 0.02

14 (0.00) 0.00 0.00 0.00 0.00 (0.00) 0.50 0.01

15 (0.00) 0.00 0.00 0.00 0.00 (0.00) 0.27 0.00

Total 93.74 5.81 99.55 6.26 92.33 5.72


71/82

Loss 1.41

Billings

Months 1 2 3 4 5 6 7

Pricnipal billings 7.84 7.84 7.83 7.82 7.81 7.81 7.80

Interest billings 0.91 0.83 0.75 0.67 0.59 0.51 0.44

Total billings 8.75 8.66 8.58 8.49 8.41 8.32 8.24

Delinquent Principal

Months

1 2 3 4 5 6 7 8

1 1.58

2 0.63 1.58

3 0.40 0.63 1.58

4 0.12 0.40 0.63 1.58

5 0.12 0.39 0.63 1.57

6 0.12 0.39 0.63 1.57

7 0.12 0.39 0.63 1.568 0.12 0.39 0.63 1.56

9 0.12 0.39 0.62

10 0.12 0.39

11 0.12

12

13

14

15

2.73 2.73 2.72 2.72 2.71 2.71 2.70 2.69

Delinquent Interest

Months

1 2 3 4 5 6 7 8

1 0.18

2 0.07 0.17

3 0.05 0.07 0.15

4 0.01 0.04 0.06 0.13

5 0.01 0.04 0.05 0.12

6 0.01 0.03 0.05 0.10

7 0.01 0.03 0.04 0.09

8 0.01 0.03 0.04 0.07

9 0.01 0.02 0.03

10 0.01 0.02

11 0.0112

13

14

15


72/82

Months CCE MCE

1 0.8 0.82 0.8603015 0.9212121

3 0.890502 0.9518212

4 0.9144838 0.9878926

5 0.928872 0.9878926

6 0.9384633 0.9878926

7 0.9453135 0.9878926

8 0.9504505 0.9878926

9 0.9544455 0.9878926

10 0.957641 0.9878926

11 0.960255 0.9878926

12 0.962433 0.9878926

13 0.977091714 0.9822418

15 0.985

Summary Collection

Months

Months Prep prin Sch prin Add surp Total prin Prin to PTC Interest

collections

Add

surplus

Intt to PTC

1 1.00 6.34 7.34 7.6 0.73 0.57

2 0.91 7.28 (0.26) 7.92 7.6 0.78 0.16 0.513 0.82 7.50 0.32 8.65 7.6 0.73 0.26 0.46

4 0.74 7.76 1.05 9.55 7.6 0.69 0.27 0.40

5 0.65 7.75 1.95 10.34 7.6 0.61 0.29 0.34

6 0.56 7.73 2.74 11.03 7.6 0.53 0.27 0.29

7 0.48 7.71 3.43 11.62 7.6 0.46 0.25 0.23

8 0.40 7.69 4.02 12.11 7.6 0.38 0.23 0.17

9 0.32 7.66 4.51 12.49 7.6 0.31 0.21 0.11

10 0.23 7.63 4.89 12.75 7.6 0.23 0.19 0.06

75%

80%

85%

90%

95%

100%

105%

0 2

75%

80%

85%

90%

95%

100%

105%

0 2


73/82

11 0.15 7.59 5.15 12.90 0 0.16 0.18

12 0.00 7.52 12.90 20.42 0 0.09 0.16

13 0.00 1.41 20.42 21.83 0 0.02 0.09

14 0.00 0.50 21.83 22.33 0 0.01 0.02

15 0.00 0.27 22.33 22.59 0 0.00 0.01

PTC Amortization 97.77777778

Op bal Repaymnt Cl bal Intt

1 76 7.6 68.4 0.57

2 68.4 7.6 60.8 0.513

3 60.8 7.6 53.2 0.456

4 53.2 7.6 45.6 0.399

5 45.6 7.6 38 0.342

6 38 7.6 30.4 0.285

7 30.4 7.6 22.8 0.228

8 22.8 7.6 15.2 0.171

9 15.2 7.6 7.6 0.114

10 7.6 7.6 0.00 0.057


74/82


6.34

7.28

7.50

7.767.75

7.73

7.71

7.69

6.22 7.66

0.93 6.19 7.63

0.23 0.93 6.16 7.59

0.27 0.23 0.92 6.09 7.52


75/82

0.27 0.23 0.91 1.41

0.27 0.23 0.50

0.27 0.27

7.66 7.62 7.58 7.50 92.33

0.12 0.12 0.12 0.11 1.41 1.41%

1.50% 1.50% 1.50% 1.50% 0.0150


0.73

0.78

0.73

0.69

0.61

0.53

0.46

0.380.23 0.31

0.03 0.17 0.23

0.01 0.03 0.11 0.16

0.01 0.01 0.02 0.06 0.09

0.01 0.00 0.01 0.02

0.00 0.00 0.01

0.00 0.00

0.28 0.21 0.14 0.07 5.72 98.05

0.00 0.00 0.00 0.00 0.087

1.50%

Total sch.

collections

Total Sch

Col+ Prep

Opening

overdues

Closing

overdues

Cum TB Cum total

sch col

Cum. Tot

act. col

CCE Rev MCE Rev

7.07 8.07 0 1.77 8.84 7.07 8.07 91.31%

8.05 8.97 1.77 2.46 17.58 15.12 17.04 96.90%

8.23 9.05 2.46 2.87 26.23 23.36 24.18 92.19%

8.45 9.19 2.87 2.97 34.78 31.81 32.54 93.57%

8.36 9.00 2.97 3.07 43.23 40.16 40.81 94.40%

8.26 8.83 3.07 3.17 51.59 48.42 48.99 94.95%

8.17 8.65 3.17 3.27 59.85 56.59 57.07 95.35%

8.07 8.47 3.27 3.36 68.02 64.66 65.05 95.64%

7.97 8.28 3.36 3.45 76.08 72.63 72.94 95.88%

7.87 8.10 3.45 3.54 84.03 80.49 80.72 96.06%

7.75 7.91 3.54 3.63 91.87 88.24 88.40 96.22%

7.60 7.60 3.63 3.70 99.55 95.85 95.85 96.28%

1.44 1.44 3.70 2.27 99.55 97.28 97.28 97.72%

0.50 0.50 2.27 1.76 99.55 97.79 97.79 98.23%

0.27 0.27 1.76 1.49 99.55 98.05 98.05 98.50%

98.05 104.32


76/82

8 9 10 11 12 Total

7.79 7.78 7.78 7.77 7.76 93.63 0

0.36 0.29 0.22 0.14 0.07 5.78 0

8.16 8.07 7.99 7.91 7.83 99.41

9 10 11 12

Monthly

overdues

(prin) 60 dpd 150 dpd Current

1.58 1.58 0.00 89.49

2.22 1.58 80.05

2.61 1.58 70.94

2.72 1.58 0.12 62.21

2.72 1.57 0.12 53.71

2.71 1.57 0.12 45.31

2.70 1.56 0.12 37.012.70 1.56 0.12 28.82

1.55 2.69 1.55 0.12 20.75

0.62 1.55 2.68 1.55 0.12 12.78

0.39 0.62 1.54 2.66 1.54 0.12 4.95

0.12 0.39 0.62 1.52 2.64 1.52 0.12 -2.64

0.12 0.38 0.61 1.11

0.12 0.38 0.50

0.11 0.11

2.68 2.67 2.65 2.63 32.34 40.17

9 10 11 12

Monthly

overdues

(intt) 60 dpd 150 dpd Current

0.18 1.7% 0.0% 98.3%

0.24 1.9% 0.0% 98.1%

0.26 2.2% 0.0% 97.8%

0.25 2.5% 0.2% 97.3%

0.22 2.8% 0.2% 96.9%

0.20 3.3% 0.3% 96.4%

0.17 4.0% 0.3% 95.7%

0.14 5.1% 0.4% 94.5%

0.06 0.12 6.9% 0.5% 92.5%

0.02 0.04 0.09 10.7% 0.8% 88.5%

0.01 0.02 0.03 0.07 23.3% 1.8% 74.9%0.004 0.01 0.01 0.01 0.04

0.003 0.01 0.01 0.02

0.002 0.003 0.01

0.001 0.00


77/82

Total

collection

Total

payouts

C to PO CC CPO CC to CPO

8.07 8.17 98.78% 8.07 8.17 98.78%

8.97 8.11 110.50% 17.04 16.28 104.62%9.05 8.06 112.39% 26.09 24.34 107.19%

9.19 8.00 114.83% 35.27 32.34 109.08%

9.00 7.94 113.38% 44.28 40.28 109.93%

8.83 7.89 111.92% 53.10 48.17 110.26%

8.65 7.83 110.44% 61.75 55.99 110.28%

8.47 7.77 108.94% 70.22 63.76 110.12%

8.28 7.71 107.39% 78.50 71.48 109.82%

8.10 7.7 105.78% 86.60 79.14 109.43%

4 6 8 10 12 14 16


CCE

MCE

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

1 3 5 7 9 1

Ageing Analysis

4 6 8 10 12 14 16


CCE

MCE

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

1 3 5 7 9 1


78/82


79/82


80/82


81/82

Total o/s

91.08

81.63

72.52

63.91

55.40

47.00

38.7030.50

22.42

14.45

6.60

(1.00)

Original Pool

#REF! 100 #REF!

#REF! #REF!

#REF! #REF!

#REF! #REF!

#REF! #REF!

#REF! #REF!

#REF! #REF!

#REF! #REF!

#REF! #REF!

#REF! #REF!

#REF! #REF!

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

1 2 3 4 5 6 7 8 9 10 11

Deliquency Rate

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

1 2 3 4 5 6 7 8 9 10 11

Deliquency Rate


82/82

1

60 dpd

90 dpd

120 dpd

150 dpd

Current

1

60 dpd

90 dpd

120 dpd

150 dpd

Current

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