Covered Bond Programme Monthly Investor Report. Covered Bond Programme. Monthly Investor Report

Size: px

Start display at page:

Download "Covered Bond Programme Monthly Investor Report. Covered Bond Programme. Monthly Investor Report"

Kelly Porter
5 years ago
Views:

1 Covered Bond Programme

2 Disclaimer: THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS LOCATED IN CERTAIN JURISDICTIONS. Please read this disclaimer carefully. It applies to all persons who access the following WebPages (the WebPages ) and it may affect your rights. By accessing the following WebPages and/or any information contained on them, you are deemed to have agreed to be bound by the terms and conditions below, including any modifications to them from time to time. Please note that this disclaimer may be altered or updated from time to time. You should read it in full each time you visit the WebPages in conjunction with the Terms & Conditions. THE MATERIALS AND INFORMATION ON THE FOLLOWING WEBPAGES HAVE NOT BEEN AND SHOULD NOT BE RELEASED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IF TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. ALL INFORMATION ON THE FOLLOWING WEBPAGES IS MADE AVAILABLE FOR INFORMATION PURPOSES ONLY. No offer, no solicitation of an offer to buy securities All information on the following WebPages is being made available in order to comply with legal and regulatory requirements and does not, under any circumstances or in any jurisdiction, constitute or form part of an offer to sell, or a solicitation of an offer to buy, any securities issued by DBS Bank Ltd. or any of its affiliates ("DBS") nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. By accessing the following WebPages, you represent and warrant to DBS that you are doing so for information purposes only. Access to the website Certain documents contained on the following WebPages may contain legends or other restrictions limiting the persons who, or the circumstances under which, certain persons may participate in an offering. The availability of the information through these WebPages does not alter or change in any way the nature or effect of any such restrictions. Accessing the documents on these WebPages may not be lawful in certain jurisdictions. In other jurisdictions, only certain categories of person are permitted to access this information. You should only access these WebPages if you have informed yourself about and if you observe any applicable legal or regulatory restrictions which relate to the access to or use of this information and have satisfied yourself that you are not subject to any local requirements that prohibit or restrict you from accessing the WebPages. Accordingly, no information on the following WebPages should be released, published or distributed (in whole or in part) directly or indirectly in or into in any jurisdiction where such distribution or use would be contrary to local law. If you are not permitted to access the information on the following WebPages, or accessing the information would result in a breach of the above, or you are in any doubt as to whether you are permitted to access such information, please exit this page by clicking on the "Cancel" button below and, if applicable, seek independent advice. Important notice in respect of US securities laws The securities referred to on the following WebPages have not been and will not be registered under the United States Securities Act of 1933 (the Securities Act ) and have not been offered, directly or indirectly, and will not be offered or sold, directly or indirectly, in or into the United States or to, or for the account or benefit of, any U.S. person (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or a transaction not subject to, the registration requirements under the Securities Act and applicable state or local securities laws. There will be no public offering of any securities in the United States. By clicking I accept below, you represent that you are either (I) not a U.S. person (as defined in Regulation S under the Securities Act) and are not in the United States (as defined in Regulation S under the Securities Act) or (ii) a qualified institutional buyer (as defined in Rule 144A under the Securities Act).

3 You are reminded that the information on the following WebPages has been made available to you on the basis that you are a person into whose possession such information may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorized to, deliver the information, electronically or otherwise, to any other person. No advice or representations No information made available on the following WebPages is or purports to be investment, tax or other advice or is intended to provide the basis of any credit or other evaluation. Nor should any such information be considered a recommendation by DBS or any of its affiliates or their respective directors, officers, employees, representatives or agents (or any related person or entity) to purchase, hold or sell any securities. Neither DBS nor any of its affiliates or their respective directors, officers, employees, representatives or agents (or any related person or entity) makes any representation or warranty with respect to any information made available on the following WebPages. Nothing shall under any circumstances create any implication that any information made available on the following WebPages is correct as of any time subsequent to the date of such information or that there has been no change to any such information or in the affairs of DBS or any of its affiliates since the date of such information. Neither DBS nor any of its affiliates or their respective directors, officers, employees, representatives or agents (or any related person or entity) has any duty to maintain or update any material on the WebPages. Neither DBS nor any of its affiliates acts neither as an adviser to, nor owes any fiduciary duty to any person accessing the following WebPages. If you are in any doubt about any information or materials made available on the following WebPages, you should seek independent advice. The information contained in the following WebPages is not tailored for any particular potential investor and does not constitute individual investment advice. Any person accessing information on the following WebPages should also be aware that such information may contain additional disclaimers or limitations on liability, and should read and make themselves aware of any such disclaimers. No on-selling or other use Except to the extent expressly set out in the relevant prospectus, base prospectus or final terms (or in a written agreement entered into with DBS), no person or entity may use or rely on the information made available on the following WebPages for any purpose whatsoever, including, in particular, the making of any offer to sell, or any solicitation of an offer to buy, any securities issued by DBS. Neither DBS nor any of its affiliates or their respective directors, officers, employees, representatives or agents (or any related person or entity) accepts any responsibility for or shall have any liability in respect of any use of any information or materials made available on the following WebPages. Electronic form The information contained on the following WebPages has not been made available to you in electronic form and neither DBS nor any of its affiliates or their respective directors, officers, employees, representatives or agents (or any related person or entity) warrants that its use will be uninterrupted or free of error. You are reminded that documents transmitted via this medium may be altered or changed during the process of electronic transmission and consequently none of DBS nor any of its affiliates or their respective directors, officers, employees, representatives or agents (or any related person or entity) accepts any liability or responsibility whatsoever in respect of any difference between the information made available to you in electronic format and the hard copy version. Confirmation of understanding and acceptance of disclaimer I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to access the following WebPages and I am doing so for information purposes only and will do so in accordance with the terms of this disclaimer including without limitation the restrictions set forth above under Important notice in respect of US securities laws.

4 Outstanding Covered Bonds Bonds (ISIN Number) Original Currency of Issuance Initial Principal (Original Currency) Initial Principal (SGD Equivalent) Exchange Rate Rate of Interest Final Maturity Date Days to Maturity Outstanding Amount Ratings Overview Rating Agency Issuer Unsecured Rating Covered Bonds Rating Short Term Long Term Fitch Moody s Asset Coverage Test Asset Coverage Test SGD Equivalent (i) Adjusted Aggregate Loan Amount (a) Sum of LTV Adjusted True of each Loan (b) Sum of Asset Percentage Adjusted True of each Loan A = Lower of (a) and (b) B = Unutilised Principal Receipts C = Unutilised Advances and Subordinated Advances D = Authorised Investments and Substitution Assets E = Sale Proceeds Y = Deposit Set Off Amount Z = Negative Carry Adjustment : A + B + C + D + E Y Z (ii) Covered Bonds Outstanding Asset Coverage Ratio % Asset Coverage Test [Pass / Fail]

5 Parameters Parameters LTV% Cap % Overcollateralisation Ratio: By Law % By Contract % By Rating Agency: Fitch % By Rating Agency: Moody s % % Set Off % Summary Summary Reporting Date Portfolio Cut Off Date Gross Outstanding Principal Value of Deposits Net Outstanding Principal Number of Loans Maximum Principal Average Principal Loan to Value Ratio : Weighted Average Maximum Percentage of Investment Property Loans* Interest Rate (Loan Parts) : Weighted Average Minimum Maximum Weighted Average Seasoning (months) Remaining Tenor (years): Weighted Average Maximum *Based on information provided by borrowers to DBS at the time the loans were granted SGD Equivalent

6 Outstanding Principal Outstanding Principal <= 500, ,001 1,000,000 1,000,001 1,500,000 1,500,001 2,000,000 2,000,001 2,500,000 2,500,001 3,000,000 3,000,001 3,500,000 3,500,001 4,000,000 > 4,000,000 Loans in Arrears Delinquency Status Current <= 30 days days days > 90 days

7 Loan to Value Ratio LTV Ratio <= 20.00% 20.01% % 25.01% % 30.01% % 35.01% % 40.01% % 45.01% % 50.01% % 55.01% % 60.01% % 65.01% % 70.01% % 75.01% % 80.01% % 85.01% % 90.01% % 95.01% % > % Current Interest Rate (Loan Parts) Interest Rate <= 0.50% 0.51% % 1.01% % 1.51% % 2.01% % 2.51% % 3.01% % 3.51% % 4.01% % > 4.50%

8 Type of Loan Type of Loan Interest Only Principal + Interest Source of Income Non Staff Staff Staff Status Documentation Documentation Complete Documentation Partial Documentation Type of Property Type of Loan Apartment / Condominium Bungalow / Detached House Cluster Housing / Townhouse Semi-Detached House Terrace House

9 Seasoning Seasoning <= 6 months > 6 months and <= 12 months > 12 months and <= 18 months > 18 months and <= 24 months > 24 months and <= 30 months > 30 months and <= 36 months > 36 months and <= 42 months > 42 months and <= 48 months > 48 months and <= 54 months > 54 months and <= 60 months > 60 months and <= 66 months > 66 months and <= 72 months > 72 months and <= 78 months > 78 months and <= 84 months > 84 months and <= 90 months > 90 months and <= 96 months > 96 months and <= 102 months > 102 months and <= 108 months > 108 months and <= 114 months > 114 months and <= 120 months > 120 months Year of Last Disbursement Year of Last Disbursement

10 Remaining Tenor Remaining Tenor <= 3 years > 3 years and <= 5 years > 5 years and <= 10 years > 10 years and <= 15 years > 15 years and <= 20 years > 20 years and <= 25 years > 25 years and <= 30 years > 30 years and <= 35 years > 35 years and <= 40 years > 40 years Location of Property Location Core Central Region Rest of Central Region Outside Central Region Purpose of Property* Purpose Investment Owner Occupied *Based on information provided by borrowers to DBS at the time the loans were granted

FINAL TERMS Final Terms dated 13 April 2011

FINAL TERMS Final Terms dated 13 April 2011 IMPORTANT NOTICE NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S. IMPORTANT: You must read the following before continuing. The following applies to the fmal terms attached