| Issuer : |
Paragon Personal and Auto Finance (No.3) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
| Closing Date : |
May 2005 |
| Originators : |
Paragon Car Finance Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Paragon Personal Finance Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Universal Credit Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Colonial Finance (UK) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
| Notes Issued : |
Class A1 |
Class A2 |
Class B1 |
Class B2 |
Class C1 |
Class C2 |
Class D1 |
Class D2 |
| Original Rating (S&P/Moody’s) |
AAA/Aaa |
AAA/Aaa |
AA/Aa2 |
AA/Aa2 |
A/A2 |
A/A2 |
BBB/Baa2 |
BBB/Baa2 |
| Current Rating (S&P/Moody’s) |
AA/Aa1 |
AA/Aa1 |
AA/Aa1 |
AA/Aa1 |
AA-/Aa1 |
AA-/Aa1 |
BBB/Aa1 |
BBB/Aa1 |
| Original Notes |
£146,000,000 |
€259,500,000 |
£16,000,000 |
€35,500,000 |
£18,000,000 |
€33,000,000 |
£24,500,000 |
€30,000,000 |
| GBP Equivalent : |
£146,000,000 |
£178,000,000 |
£16,000,000 |
£24,500,000 |
£18,000,000 |
£22,500,000 |
£24,500,000 |
£20,500,000 |
| Currency Exchange Rates : |
N/A |
£1 : €1.46 |
N/A |
£1 : €1.45 |
N/A |
£1 : €1.47 |
N/A |
£1 : €1.46 |
| Note Denominations : |
£50,000 |
€50,000 |
£50,000 |
€50,000 |
£50,000 |
€50,000 |
£50,000 |
€50,000 |
| Initial Margins : |
22bp |
22bp |
33bp |
33bp |
60bp |
57bp |
95bp |
90bp |
| Step Up Dates : |
April 2010 |
April 2010 |
April 2010 |
April 2010 |
April 2010 |
April 2010 |
April 2010 |
April 2010 |
| Step Up Margins : |
44bp |
44bp |
66bp |
66bp |
120bp |
114bp |
190bp |
180bp |
| Optional Redemption Dates : |
April 2009 |
April 2009 |
April 2009 |
April 2009 |
April 2009 |
April 2009 |
April 2009 |
April 2009 |
| Principal Determination Dates : |
Last Business Day of September, December, March and June |
| Interest Payment Dates: |
15 October, 15 January, 15 April and 15 July |
| Joint Lead Managers : |
Barclays Capital, 5 The North Colonnade, London, E14 4BB
HSBC Bank Plc, 8 Canada Square, London, E14 5HQ |
| Administrator : |
Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
| Trustee : |
Citicorp Trustee Company Limited, Citigroup Centre, 14thFloor, Canada Square, Canary Wharf, London, E14 5LB |
| Rating Agencies : |
Moody’s Investors Service Limited, 2 Minster Court, Mincing Lane, London, EC3R 7XB
Standard & Poors, 20 Canada Square, Canary Wharf, London, E14 5LH |
| Principal Paying / Reference Agent : |
Citibank, N.A. Citigroup Centre, 21stFloor, Canada Square, Canary Wharf, London, E14 5LB |
| Legal Advisors to the Issuer/Administrator : |
Lovells, Atlantic House, Holborn Viaduct, London, EC1A 2FG |
| Legal Advisors to the Lead Manager and Trustee : |
Herbert Smith, Exchange House, Primrose Street, London, EC2A 2HS |
| Auditors to the Issuer : |
KPMG, One Snowhill, Snowhill Queensway, Birmingham, B4 6GH |
| Underlying Assets : |
Car Finance Loans, Secured Loans, Unsecured Personal Loans, Retail Credit Loans |
| Subordinated Loan Provider : |
Paragon Loan Finance (No.1) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
| Substitute Administrator : |
Homeloan Management Limited, The Pavilions, Bridgwater Road, Bristol BS13 8AE |
| Currency SWAP Provider : |
HSBC Bank plc, 8 Canada Square, London, E14 5HQ |
| Hedge Counterparty : |
HSBC Bank plc, 8 Canada Square, London, E14 5HQ |
| Substitution Period: |
20thMay 2005 – 15thApril 2009 |