Issuer : |
First Flexible No.5 plc, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Closing Date : |
11 June 2002 |
Originator : |
Mortgage Trust Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Notes Issued : |
Class A |
Class M |
Class B |
Original Rating (S&P/Moody’s): |
AAA/Aaa |
A/A1 |
BBB/Baa2 |
Current Rating (S&P/Moody’s): |
AAA/Aa1 |
AA/Aa1 |
BBB+/Aa1 |
Original Notes : |
£465,000,000 |
£22,500,000 |
£12,500,000 |
Note Denominations : |
£10,000 |
£10,000 |
£10,000 |
Initial Margins : |
23bp |
80bp |
170bp |
Step Up Dates : |
July 2009 |
July 2009 |
July 2009 |
Step Up Margins : |
46bp |
160bp |
270bp |
Optional Redemption Dates : |
July 2009 |
July 2009 |
July 2009 |
Determination Dates : |
8 business days prior to each Interest Payment Date |
Monthly Interest Payment Dates: |
First business day of the month |
Lead Manager : |
Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB The Royal Bank of Scotland PLC, 135 Bishopsgate, London, EC2M 3UR |
Servicer : |
Mortgage Trust Services plc, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Trustee : |
Bank of New York, 40thFloor, One Canada Square, London E14 5AL |
Rating Agencies : |
Moody’s Investors Service Limited, One Canada Square, Canary Wharf, London, E14 5FA Standard & Poors, 20 Canada Square, Canary Wharf, London, E14 5LH |
Principal Paying / Reference Agent : |
Bank of New York, 40thFloor, One Canada Square, London E14 5AL |
Legal Advisors to the Issuer/Servicer : |
Lovells, 65 Holburn Viaduct, London, EC1A 2DY |
Legal Advisors to the Lead Manager and Trustee : |
Weil, Gotshal & Manges, One South Place, London, EC2M 2WG |
Auditors to the Issuer : |
KPMG Audit Plc, 1 The Embankment, Neville Street, Leeds, LS1 4DW |
Underlying Assets : |
First Charged Residential Owner Occupied Mortgages and First Charged Residential Investment Home Loan Mortgages |
Start Up Loan Provider : |
Mortgage Trust Services plc, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Stand By Servicer : |
First Active plc, Central Park, Leopardstown, Dublin 18 |
SWAP Counterparty : |
Morgan Guaranty Trust Company of New York, 60 Victoria Embankment, London, EC4Y 0JP Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB |
Redraw Facility Provider : |
Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB (Facility cancelled on 3 March 2014) |
GIC Provider : |
Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB |
Substitution Period : |
June 2002 to July 2005 |