Intertrust

Capital Markets Members login

Send_me
Forgot password?

E-MAC DE 2007-I B.V.

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

 

This notice is made pursuant to the Act on Financial Supervision (Wet op het financieel toezicht) .

If you are in any doubt as to the action you should take, you are recommended to seek your own financial, legal or other advice immediately from your stockbroker, bank manager, solicitor, accountant or other appropriately authorised independent financial adviser.

 

E-MAC DE 2007-I B.V.
(the "Issuer")

Notice is hereby given with respect to notes of each of the following class(es):

€ 19,50,000 Senior Class A1 Mortgage Backed Notes 2007 due 2054, issue price 100 per cent.

ISIN: XS0322554774

€ 443,300,000 Senior Class A2 Mortgage Backed Notes 2007 due 2054, issue price 100 per cent.

ISIN: XS0322556472

€ 39,100,000 Mezzanine Class B Mortgage Backed Notes 2007 due 2054, issue price 100 per cent.

ISIN: XS0322556985

€ 33,500,000 Junior Class C Mortgage Backed Notes 2007 due 2054, issue price 100 per cent.

ISIN: XS0322557017

€ 13,900,000 Subordinated Class D Mortgage Backed Notes 2007 due 2054, issue price 100 per cent.

ISIN: XS0322557520

€ 8,300,000 Subordinated Class E Mortgage Backed Notes 2007 due 2054, issue price 100 per cent.

ISIN: XS0322557876

 ( the "Put Option Notes" and each class of Notes, a "Class of Put Option Notes" and together the "Classes of Put Option Notes" and the holders thereof the "Put Option Noteholders" )

Capitalised terms used herein have the meanings defined or construed in the Master Definitions Agreement dated 7 November 2007

Amsterdam, 1 October 2014

Reference is made to the Notice of 26 September 2014 by means of which the Noteholders were notified of the following

 

“In accordance with Condition 4(e) of the Notes, Deutsche Bank AG, London Branch, in its capacity as Extension Margin Agent has requested a panel of five leading European securitisation underwriters to give quotes for the Extension Margins. The Extension Margin Agent has informed the Issuer that it has not yet obtained any quotes and, as a result, the Extension Margins have not yet been determined. The Issuer and the Security Trustee are currently considering the situation and will give an additional notice in this respect in due course.”

This is the additional notice referred to in the notice of 26 September 2014:

The Extension Margin Agent has been able to obtain quotes from a panel of only two (rather than the prescribed five) leading European securitisation underwriters in respect of Classes of Notes A1, A2, B, C and D and from only 1 such underwriter in respect of Classes of Notes E and F. Noteholders are informed that the average of the quotes received, as per the table below, will be the Extension Margin for each Class of Notes

 

 

Class of Notes

Extension Margin

Class A1 Notes

1.28 per cent

Class A2 Notes

1.68 per cent

Class B Notes

3.50 per cent

Class C Notes

5.25 per cent

Class D Notes

7.75 per cent

Class E Notes

5.00 per cent

Class F Notes

10.00 per cent

 

 

Deutsche Bank AG, London Branch, with the following address, is the Principal Paying Agent in respect of this announcement:

 

Deutsche Bank AG, London Branch

Corporate Trust Department – ABS/MBS Client Service

Winchester House

1 Great Winchester Street

London EC2N 2DB

Tel.: +44 207 545 8273

Fax:   +44 207 547 5919

Email: abs.mbs.london@list.db.com

 

Amsterdamsch Trustee’s Kantoor B.V.

Director of the Security Trustee

Prins Bernhardplein 200

1097   JB Amsterdam, the Netherlands

emac@intertrustgroup.com

 

Extension Margin Notice - 1 October 2014
Private Wealth Services