Aquila (Eclipse ) PLC - DEAL SUMMARY REPORT

Transcription

1 Aquila (Eclipse 20051) PLC Aquila (Eclipse 20051) PLC DEAL SUMMARY REPORT Report Date 13 September 2012 Prior Report Date 14 June July December 2012 Pages Deal Overview 1 8 Individual Loan Summaries 9 Issuer Information Details 12 Registered in England with Company Registration No Page 1 of 13

2 Aquila (Eclipse 20051) PLC PORTFOLIO INFORMATION Original Collateral Cut Off Date Collateral CutOff Date Portfolio Reporting Period 25 July July Apr Jul 2012 Portfolio Characteristics 0 Currency GBP Outstanding Collateral Balance as of Closing 440,659, Outstanding Collateral Balance As of Current Period 0.00 Number of Tranches Outstanding as at Closing 10 Number of Tranches Prepaid/Repaid in Full 10 Number of Tranches Outstanding as of Current Period 0 Number of Loans Prepaid/Repaid in Full as of Current Period Current Unscheduled Payments Current Scheduled Payments Number of Properties as of Closing 1 56,734, Number of Properties as of Current Period 0 Portfolio Open Market Value as of Closing 732,055, Portfolio Open Market Value as of Current Period 119,320, Registered in England with Company Registration No Page 2 of 13

3 Aquila (Eclipse 20051) PLC WHOLE LOAN Portfolio Characteristics Original Information Loan Number No. of Properties Original Balance Current information No. of Properties Current Ending Balance * Most Recent Information Covenant Trigger Level ICR DSCR LTV HFO ,500, % Great Victoria ,370, % Access 19 60,697, % Great Minster North 1 54,000, % Brighton Marina ,220, % Podium & St Georges 2 34,130, Cardiff Retail Park 1 23,150, One Leicester Square 1 21,580, Northumberland Estates ,000, Vantage House 1 4,012, Total ,659, Undrawn Facilities * See Individual Loan Summaries for further details Registered in England with Company Registration No Page 3 of 13

4 Aquila (Eclipse 20051) PLC PORTFOLIO INFORMATION Watchlist Activity Current Information Loan Name Loan Number Watchlist Commentary Special Servicing Current Information Loan Name Loan Number Commentary Registered in England with Company Registration No Page 4 of 13

5 Aquila (Eclipse 20051) PLC PORTFOLIO INFORMATION Loans Paid off / Refinanced Current Information Loan Name Loan Number Great Victoria Amount % Paid 56,734, % Property Disposals Current Information Loan Name Property Allocated loan Amount Release Amount Release Percentage Date Released Comments Arrears Profile Original Current Arrears Bucket No. of Loans % by Number Amount % by Amount No. of Loans % by Number Amount % by Amount Performing Balance Defaulted Loans Realised Losses Current Period Realised Losses Prior Periods Credit Event Total % 440,659, % % % % % % % % % % % % % % % % % % % % 440,659, % 0 0% % Registered in England with Company Registration No Page 5 of 13

6 Aquila (Eclipse 20051) PLC REGIONAL ANALYSIS Region ORIGINAL REGIONAL DISTRIBUTION No. of Properties Amount % by Amount Region CURRENT REGIONAL DISTRIBUTION No. of Properties Amount % by Amount East Anglia % % Greater London ,119, % Greater London % Midlands 6 10,113, % Midlands % North East 1 15,515, % North East % North West % % Scotland 2 2,686, % Scotland % South East 9 62,533, % South East % South West 3 94,439, % South West % Wales 1 23,150, % Wales % Yorkshire 2 27,091, % Yorkshire % Total ,648, % Total % ORIGINAL REGIONAL DISTRIBUTION CURRENT REGIONAL DISTRIBUTION 21.93% 5.38% 6.29% 0.00% 45.31% East Anglia Greater London Midlands North East North West 0 Greater London Midlands North East 0 Scotland Scotland South East South East 14.52% 0.62% 2.35% South West Wales South West Wales 0.00% 3.60% Yorkshire Yorkshire Registered in England with Company Registration No Page 6 of 13

7 Aquila (Eclipse 20051) PLC SECTOR ANALYSIS Sector ORIGINAL SECTOR DISTRIBUTION No. of Properties Amount % by Amount Sector CURRENT SECTOR DISTRIBUTION No. of Properties Amount % by Amount Leisure/ Retail 1 42,220, % Leisure/ Retail % Mixed Use 1 21,580, % Mixed Use % Office 11 99,036, % Office % Office / Retail 1 2,946, % Office / Retail % Retail ,353, % Retail % Self Storage 19 60,697, % Self Storage % Warehouse 1 1,826, % Warehouse % Total ,659, % Total % ORIGINAL SECTOR DISTRIBUTION CURRENT SECTOR DISTRIBUTION 13.77% 0.41% 9.58% 4.90% Leisure/ Retail Mixed Use Leisure/ Retail Mixed Use 22.47% Office Office / Retail Office Office / Retail Retail Retail 48.19% 0.67% Self Storage Warehouse Self Storage Warehouse Registered in England with Company Registration No Page 7 of 13

8 Aquila (Eclipse 20051) PLC LEASE INFORMATION Lease Expiration Year Lease Expiration Schedule, Assuming Lease Breaks are Exercised No. of Expiring Leases Rental Income Per Annum Rental Income Per Annum (%) Cumulative Rental Income Per Annum (%) Area (sqm) Lease Expiration Schedule, Assuming Lease Breaks Are Not Exercised No. of Expiring Leases Rental Income Per Annum Rental Income Per Annum (%) Cumulative Rental Income Per Annum (%) Area (sqm) % 0.00% % 0.00% % 0.00% % 0.00% % 0.00% % 0.00% % 0.00% % 0.00% % 0.00% % 0.00% 0 Total % % % 90.00% Lease Schedule 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% Registered in England with Company Registration No Page 8 of 13

9 Aquila (Eclipse 20051) PLC Great Victoria Loan Number Original Balance Current Balance AllIn Interest Rate Covenant Test Securitised Whole Loan 71,370, ,370, % % Annual Projected & Quarterly Historical This loan has fully repaid; please see Asset Surveillance for further information. Remaining loan term in years Loan Maturity Date Current Market Value Most Recent Valuation Date Collateral Information Registered in England with Company Registration No Page 9 of 13

10 Aquila (Eclipse 20051) PLC ISSUER INFORMATION Deal Summary Issue Date 24 February 2005 Note Interest Period 25 Apr Jul 2012 Note Payment Date 25 July 2012 Next Note Payment Date 25 October 2012 Note Information Tranche Name / Issue Name Identifier Legal Maturity Date Original Tranche Balance Tranche Balance Beginning of Period Principal Distribution Tranche Balance End of Period Interest Distribution Interest Carry Forward Index Rate Identifier CLASS A XS October ,000, ,644, ,644, , LIBOR CLASS B XS October ,000, ,080, ,080, , LIBOR CLASS C XS October ,500, ,332, ,332, , , LIBOR CLASS D XS October ,800, ,979, ,979, , LIBOR CLASS E XS October ,350, ,688, ,688, , * LIBOR Total 440,650, ,725, ,725, , , *AFC Excess Interest Amount Registered in England with Company Registration No Page 10 of 13

11 Aquila (Eclipse 20051) PLC ISSUER INFORMATION Available Issuer Income Scheduled Interest Receipts 777, Net Interest Rate Swap Provider Payments Investment Earnings (Various Accounts) 7, Post Writeoff Recovery Funds Loan Protection Drawings Revenue Priority Amount Drawings 784, Payment to Noteholders & Others Interest Distribution 104, Principal Distribution 56,725, Net Swap provider payments paid 549, Payment of any deferred consideration 8, Retail Prorata Principal Amoutns carried forward to next payment date due to rounding 57,388, Available Principal Available Amortisation Funds Category One Funds Category Two Funds Category Three Funds Sequential Principal carried over from previous quarter Prorata principal carried over from previous quarter Prepayment Redemption Funds 56,734, ,734, Revenue Expenses Service Fee 16, Paying Agent Fee and Agent Bank Fee 1, Trustee Fees 2, Corporate Services Provider Fee 33, Cash Manager Fee 2, Deferred Consideration Liquidity Fee Provider Fee 9, Revenue Amounts to Third Parties 65, Per cent of Available Issuer Income 130, Total Receipts Available for Distribution 57,519, Total Funds Distributed 57,519, Registered in England with Company Registration No Page 11 of 13

12 Aquila (Eclipse 20051) PLC COUNTERPARTY DETAILS Amount Outstanding at Beginning of Period Amount Undrawn at Beginning of Period Drawings Repayment of Drawings Interest Accrued Decrease in Available Commitment as a result of Appraisal Reduction Amount Outstanding at End of Period Amount Undrawn at End of Period Current Ratings of (Short term/long Term) Rating Trigger (Short Term) Liquidity Facility Issuer Special Servicer CALYON (London Branch) Broadwalk House, 5 Appold Street 0% Aquila Eclipse (20051) plc 35 Great St Helen's, London EC3A 6AP 4,822, A1/A (S&P), P1/Aa3 (Moody's), F1+/A+ (Fitch) A1+(S&P), P1 (Moody's), F1(Fitch) Capita Asset Services (London) Ltd. London EC3A 7NH, UK 4,822, Note Trustee Bank of New York Mellon 1 Churchill Place London E14 5HP Bank of New York Mellon One Canada Square London E14 5AL Interest Rate Swap Provider 1 Churchill Place London E14 5HP Master Servicer Capita Asset Services (London) Ltd. 40 Dukes Place London EC3A 7NH, UK 40 Dukes Place Contact jack.sharkey@capitaassetservices.ie Website One Canada Square London E14 5AL Originator/Seller Barclays Bank Plc Cash Manager Barclays Bank Plc Registered in England with Company Registration No Page 12 of 13

13 Aquila (Eclipse 20051) PLC DISCLAIMER Unless otherwise noted, this document has been prepared by Capita Asset Services (London) Limited or one of its affiliated companies (collectively referred to as CAS ), acting as Primary Servicer and/or Special Servicer (collectively referred to as the Servicer ) in relation to Aquila (Eclipse 20051) plc. With respect to documents that have been issued as a RIS Notice, such documents have been issued by the issuer of the notes and have not necessarily been prepared by the Servicer. Deal Summary, CMSA and Asset Surveillance reports will not generally be issued as RIS Notices. This document is provided for information purposes to holders of the relevant notes from time to time and prospective investors who may lawfully receive, and have read, the prospectus for such notes. The information contained herein must be read in conjunction with, and is qualified by, such prospectus. This document is not directed to, or intended for distribution to 0 or use by, any 0person or entity 0% that is a citizen 0% or resident or 0located in any 0locality, country, 0 state or other 0% jurisdiction where such distribution, publication, availability or use would be contrary to law or 0% regulation or which would require 0any registration 0 or licensing within such jurisdiction. The document does not constitute any form of commitment, advice or recommendation 0% on the part of CAS or its officers, 0affiliates, advisors, 0 agents or 0% representatives in relation to any transaction. Nothing in any of the documents on this site constitutes any promotion in respect of any invitation, endorsement or offer to invest in 0% 0 0 any securities in any jurisdiction. The document is not intended to represent an offer of securities for sale in the United States or to U.S. persons (within the meaning of Regulation 0 S under 0the U.S. Securities 0% Act of 1933, 0% as amended (the 0 "U.S. Securities 0 Act"). 0 0% CAS does not offer or purports to offer investment, tax, regulatory, accounting or legal advice and these documents should not and cannot be relied upon as such. 0% Neither CAS, nor any officer or employee thereof of Capita plc or any affiliate accepts any liability whatsoever for any direct or consequential losses arising from any use of information contained herein, including, without limitation, the reliance on any information, data or model, or the use of the documents in the preparation of your financial books and records. You must rely solely on your own examinations of the prospectus for the relevant notes, and consult your own investment, tax, regulatory, accounting or legal advisors prior to making any investment decisions or taking any other action relating to the information contained on this document. Certain information contained in this document is derived from information provided to or obtained by the Servicer from third parties, including the relevant cash managers. CAS has not independently verified any of such information. Accordingly, CAS does not guarantee or provide any warranties as to their accuracy or completeness and they should not be relied upon as such. CAS does not purport that the information contained in this document is allinclusive or contains all of the information that an investor may require to make a full analysis of the relevant notes. Each recipient of this document must make its own independent investigation and analysis of the information and the notes and its own determination of the suitability of any investment in the relevant notes, with particular reference to its own investment objectives and experience and any other factors which may be relevant to it in connection with such investment and on such other information and advice from its own legal, accounting and tax advisers as it deems relevant and without reliance on the document. Any modelling or backtesting included is not an indication as to future performance of the applicable notes. No representation is made by CAS as to the reasonableness of the assumptions made within or the accuracy or completeness of any modelling or backtesting contained herein. Capita Asset Services (London) Limited is registered in England with Company Registration No The document or information contained herein (whether in whole or in part) may not be reproduced, distributed or transmitted to any other person or incorporated into another document or other material without the prior written permission of CAS. Registered in England with Company Registration No Page 13 of 13