| Issuer |
Finance for People (No.3) PLC, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
| Closing Date |
June 1998 |
| Originators |
Paragon Car Finance Limited, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Paragon Personal Finance Limited, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Universial Credit Limited, 6 Greencoat Place, London, SW1P 1PL
Paragon Dealer Finance Limited, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
| Notes Issued |
Class A |
Class B |
Class C |
| |
£210,000,000 |
£70,000,000 |
£20,000,000 |
| Margins |
20bp |
55bp |
130bp |
| Step Up Dates |
30 June 2004 |
30 June 2004 |
30 June 2004 |
| Step Up Margins |
50bp |
125bp |
300bp |
| Optional Redemption Dates |
30 June 2001 |
30 June 2001 |
30 June 2001 |
| Principal Determination Dates |
Nine days, or if earlier, 5 business days prior to the Interest Payment Date |
| Interest Payment Dates |
Last working day of June, September, December and March |
| Lead Manager |
J.P. Morgan Securities Ltd, 60 Victoria Embankment, London, EC4Y 0JP |
| Administrator |
Paragon Finance PLC, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
| Trustee |
Citicorp Trustee Company Limited, 336 Strand, London WC2R 1HB |
| Rating Agency |
Moody’s Investor Services Limited, 2 Minster Court, Mincing Lane, London, EC3R 7XB |
| Principal Paying / Reference Agent/Exchange Rate Agent |
Citibank N.A., 5 Carmelite Street, London, EC4Y 0PA |
| Legal Advisors to the Issuer/Administrator |
Slaughter and May, 35 Basinghall Street, London, EC2V 5DB |
| Legal Advisors to the Lead Managers and Trustee |
Sidley & Auston, 1 Threadneedle Street, London, EC2R 5DB |
| Auditors to the Issuer |
Deloitte & Touche, Colmore Gate, 2 Colmore Row, Birmingham, B3 2BN |
| Underlying Assets |
Car Loans, Unsecured Personal Loans and Dealer Stocking Loans |
| Subordinated Loan Provider |
Paragon Finance PLC, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
| Stand By Servicer |
Barclays Bank PLC, acting through Barclays Direct Loan Services (PO Box 49, Liverpool, L69 2LN) |
| SWAP Counterparty |
Morgan Guaranty Trust Company of New York, 60 Victoria Embankment, London, EC4Y 0JP |