Latitude Australia Credit Card Master Trust Monthly Investor Report Transaction overview Report No: 4 Bloomberg Ticker: Report for the period ended: Determination Date: Transfer Date: Interest Payment Date: LAUCC 31-Jul-17 17-Aug-17 21-Aug-17 22-Aug-17 Reporting Periods: From: To: Collection Period: 1-Jul-17 31-Jul-17 Interest Period: 24-Jul-17 21-Aug-17 Series Note Class Currency Issuance Amount Outstanding Amount Expected Redemption Date Scheduled Redemption Date Interest Basis 2017-1 A1 AUD 685,900,000.00 685,900,000.00 23-Mar-20 22-Mar-21 BBSW1M 1.2500% 2017-1 A2 AUD 125,650,000.00 125,650,000.00 23-Mar-20 22-Mar-21 BBSW1M 1.8500% 2017-1 B AUD 57,600,000.00 57,600,000.00 23-Mar-20 22-Mar-21 BBSW1M 2.4000% 2017-1 C AUD 52,350,000.00 52,350,000.00 23-Mar-20 22-Mar-21 BBSW1M 3.0000% 2017-1 D AUD 41,860,000.00 41,860,000.00 23-Mar-20 22-Mar-21 BBSW1M 3.7500% 2017-1 E AUD 36,640,000.00 36,640,000.00 23-Mar-20 22-Mar-21 BBSW1M 3.7500% 2017-VFN N/A AUD 75,000,000.00 0.00 23-Mar-20 22-Mar-22 BBSY1M 1.6000% Originator VFN N/A AUD 69,780,000.00 59,807,541.33 N/A N/A N/A 10.2606% *Fixed Rate Margin Master Trust Assets Eligible Receivable Balance (as at 31 July 2017): 1,077,262,770.07 Principal Balance 1,028,954,622.64 Outstanding Finance Charges 34,558,147.43 Series Required Retained Principal Ledgers 10,750,000.00 Cash Available for Reinvestment 3,000,000.00 Originator VFN 59,807,541.33 CRR Retention 5.5500% The Transferor confirms that it will retain a material net economic interest of not less than 5%of the nominal value of the securitisation in accordance with Article 405 of the CRR and Article 51 of the AIMR, by way of an orignator's interest of not less than 5% of the nominal value of the securitised exposures. As at the reporting date, this retention is in the form of the Originator VFN Loan Note. Transaction Overview Page 1
Transaction Party Ratings Triggers Trustee Account Bank Loan Note Trustee Account Bank Transferor Account Bank Name Required Rating Current Rating Trigger Status Westpac Banking Corporation Westpac Banking Corporation Westpac Banking Corporation A-1/A, F1/A, A A-1+/AA-, F1+/AA-, AA PASS A-1/A, F1/A, A A-1+/AA-, F1+/AA-, AA PASS A-2/BBB, F2/BBB+, BBB A-1+/AA-, F1+/AA-, AA PASS Consequences of Trigger Breach Replacement within specified period Replacement within specified period Replacement within specified period Counterparty Role Counterparty Contact Name Contact E-mail Transferor: Latitude Finance Australia Treasurer securitisation@latitude.com.au Servicer: Latitude Finance Australia Treasurer securitisation@latitude.com.au Trust Manager & Loan Note Trust Manager: KVD TM Pty Ltd Treasurer securitisation@latitude.com.au Trustee & Loan Note Trustee: Perpetual Corporate Trust Limited Manager, Transaction Management securitisationops@perpetual.com.au Trustee & Loan Note Trustee Account Bank: Westpac Banking Corporation Not Applicable Not Applicable Paul Varro Steven Mixter Key Contacts Contact E-mail paul.varro@latitudefinancial.com steven.mixter@latitudefinancial.com Transaction Overview Page 2
Latitude Australia Credit Card Master Trust Monthly Investor Report Report No: 4 Collection Period Start Collection Period End 1-Jul-17 31-Jul-17 Portfolio Key Performance Indicators Reporting Period Opening * Opening No of * Average Account Balance * Jul-2017 1,095,430,363.39 536,300 2,042.57 Jun-2017 1,109,488,759.56 540,668 2,052.07 May-2017 1,129,598,575.33 546,238 2,067.96 Apr-2017 1,135,069,999.32 552,775 2,053.40 * Credit Balance accounts are not included in reporting the balances / number of accounts Reporting Period Payment Received in Monthly Period Monthly Payment Rate Jul-2017 151,339,312.43 13.8155% Jun-2017 143,501,714.97 12.9340% May-2017 150,918,708.94 13.3604% Apr-2017 109,802,375.63 11.6083% Reporting Period Purchases in Monthly Period Purchase Rate Jul-2017 118,416,310.42 10.8100% Jun-2017 123,765,380.69 11.1552% May-2017 124,389,017.39 11.0118% Apr-2017 98,317,392.13 10.3941% Reporting Period Finance Charges & Interchange in Monthly Period Yield Jul-2017 13,844,704.34 14.8809% Jun-2017 13,607,022.57 14.9215% May-2017 14,240,691.99 14.8436% Apr-2017 10,010,150.84 12.8757% Reporting Period Charge-offs in Monthly Period Gross Charge-off Rate Jul-2017 4,429,355.50 4.7609% Jun-2017 4,335,784.52 4.7546% May-2017 3,973,604.46 4.1418% Apr-2017 3,583,712.78 4.6096% Reporting Period Net Charge-offs in Monthly Period Net Charge-off Rate Jul-2017 3,433,377.79 3.6904% Jun-2017 3,360,619.49 3.6853% May-2017 3,126,696.89 3.2591% Apr-2017 3,305,026.47 4.2511% Note: These tables report on both eligible and ineligible balances Key Performance Indicators Page 3
Account Addition Amounts Reporting Period No. of Added Added % (3M) Added % (12M) Jul-2017 0 0.0000% 0.0000% Jun-2017 0 0.0000% 0.0000% May-2017 0 0.0000% 0.0000% Reporting Period Principal Balance of Added Added % (3M) Added % (12M) Jul-2017 0 0.0000% 0.0000% Jun-2017 0 0.0000% 0.0000% May-2017 0 0.0000% 0.0000% Redesignated Reporting Period No. of Total Receivable Balance Jul-2017 742 0 Jun-2017 754 0 May-2017 635 0 Reporting Period Reason No. of Redesignated Total Receivable Balance Jul-2017 Defaulted 742 0 Jun-2017 Defaulted 754 0 May-2017 Defaulted 635 0 Key Performance Indicators Page 4
Latitude Australia Credit Card Master Trust Monthly Investor Report Report No: Report No: 4 Collection Period Start 1-Jul-17 Collection Period End 31-Jul-17 No. of Days in Collection Period 31 Interest Period Start 24-Jul-17 Interest Period End 21-Aug-17 No. of Days in Interest Period 29 Determination Date Payment Date 17-Aug-17 22-Aug-17 Portfolio Summary Opening Outstanding Balance of Eligible 1,095,430,363.39 Opening No. of Eligible 536,300 Closing Outstanding Balance of Eligible 1,067,521,344.33 Closing No. of Eligible 532,236 Closing Outstanding Balance of Ineligible 0.00 Closing No. of Ineligible 0 Closing Outstanding Balance of all 1,067,521,344.33 No. of Designated 532,236 Closing Credit Balance of all (2,548,963.89) No. of Credit Balance 18,184 Account Age Distribution - Eligible Account Age Number of < 1 year 52,477 9.86% 142,031,027.71 13.30% 1-2 years 63,065 11.85% 160,017,418.76 14.99% 2-3 years 47,807 8.98% 111,716,979.83 10.47% 3-4 years 44,096 8.29% 93,401,305.63 8.75% 4-5 years 42,122 7.91% 75,208,875.88 7.05% 5-6 years 34,435 6.47% 59,126,121.09 5.54% 6-7 years 36,096 6.78% 56,148,778.93 5.26% 7-8 years 33,291 6.25% 54,193,955.32 5.08% 8-9 years 26,822 5.04% 44,531,505.05 4.17% 9-10 years 31,011 5.83% 46,592,864.87 4.36% > 10 years 121,014 22.74% 224,552,511.26 21.03% Total 532,236 100.00% 1,067,521,344.33 100.00% > 10 years 9-10 years 8-9 years 7-8 years 6-7 years 5-6 years 4-5 years 3-4 years 2-3 years 1-2 years < 1 year 0 50,000,000 100,000,000 150,000,000 200,000,000 250,000,000 Weighted Average Account Age (Years) 6.00 Portfolio Strats Page 5
Account Balance Distribution - Eligible Account Balance Number of = $0 164,474 30.90% 0.00 0.00% $0 > and <= $5,000 303,056 56.94% 555,211,321.57 52.01% $5,000 > and <= $10,000 53,721 10.09% 368,434,527.51 34.51% $10,000 > and <= $15,000 8,767 1.65% 103,816,064.78 9.72% > $15,000 2,218 0.42% 40,059,430.47 3.75% Total (ex Credit Balance) 532,236 100.00% 1,067,521,344.33 100.00% > $15,000 $10,000 > and <= $15,000 $5,000 > and <= $10,000 $0 > and <= $5,000 = $0 0 200,000,000 400,000,000 600,000,000 800,000,000 1,000,000,000 Average Balance 2,005.73 Max. Account Baalnce 121,086.91 Credit Limit Distribution - Eligible Credit Limit Number of = $0 1,974 0.37% 8,324.31 0.00% $0 > and <= $5,000 264,855 49.76% 318,950,314.91 29.88% $5,000 > and <= $10,000 207,147 38.92% 477,304,617.94 44.71% $10,000 > and <= $15,000 43,240 8.12% 180,694,213.36 16.93% > $15,000 15,020 2.82% 90,563,873.81 8.48% Total 532,236 100.00% 1,067,521,344.33 100.00% > $15,000 $10,000 > and <= $15,000 $5,000 > and <= $10,000 $0 > and <= $5,000 = $0 0 200,000,000 400,000,000 600,000,000 800,000,000 1,000,000,000 Average Credit Limit 6,059.31 Portfolio Strats Page 6
Product Type - Eligible Sales Finance Credit Cards Credit Cards Product Number of Buyers Edge 16,329 3.07% 22,778,020.65 2.13% CreditLine 100,888 18.96% 178,188,541.67 16.69% GEM Visa 75,639 14.21% 232,329,924.11 21.76% GO 231,514 43.50% 509,859,505.80 47.76% Total 424,370 79.73% 943,155,992.23 88.35% Product Number of 28 Degrees 63,734 11.97% 56,087,317.58 5.25% ECO 1,135 0.21% 1,691,221.96 0.16% Latitude Master Card 11,067 2.08% 17,642,209.27 1.65% Latitude Low Rate 3,292 0.62% 9,905,800.46 0.93% Myer Black 11,392 2.14% 6,318,067.55 0.59% Myer Visa 17,246 3.24% 32,720,735.28 3.07% Total 107,866 20.27% 124,365,352.10 11.65% Buyers Edge CreditLine GEM Visa GO 28 Degrees ECO Latitude Master Card Latitude Low Rate Myer Black Myer Visa Retail APR Distribution - Eligible Retail APR Number of <=22.5% 86,634 16.28% 102,391,686.29 9.59% 22.5%> and <=28% 116,635 21.91% 279,560,594.71 26.19% 28%> and <=29.5% 231,136 43.43% 508,551,922.68 47.64% >29.5% 97,831 18.38% 177,017,140.65 16.58% Total 532,236 100.00% 1,067,521,344.33 100.00% >29.5% 28%> and <=29.5% 22.5%> and <=28% <=22.5% 0 200,000,000 400,000,000 600,000,000 800,000,000 1,000,000,000 Weighted Average Retail APR 26.75 Portfolio Strats Page 7
Delinquencies Distribution - Eligible Delinquencies Number of Current 509,873 95.80% 984,573,200.08 92.23% 1-30 days 11,933 2.24% 44,156,357.87 4.14% 31-60 days 3,748 0.70% 14,471,361.12 1.36% 61-90 days 2,004 0.38% 8,066,221.62 0.76% 91-120 days 1,441 0.27% 6,198,913.30 0.58% 121-150 days 1,284 0.24% 5,399,077.56 0.51% 151-180 days 1,059 0.20% 4,050,183.99 0.38% > 180 days 894 0.17% 606,028.79 0.06% Total 532,236 100.00% 1,067,521,344.33 100.00% 50,000,000 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 1-30 days 31-60 days 61-90 days 91-120 days 121-150 days 151-180 days State Distribution - Eligible State Number of NSW 162,078 30.45% 311,212,219.29 29.15% VIC 124,351 23.36% 241,927,974.68 22.66% QLD 120,731 22.68% 268,352,799.73 25.14% SA 34,837 6.55% 69,467,345.44 6.51% WA 53,570 10.07% 111,323,552.05 10.43% TAS 12,841 2.41% 26,674,458.92 2.50% NT 4,916 0.92% 11,624,796.01 1.09% ACT 10,985 2.06% 19,327,630.54 1.81% Other 7,927 1.49% 7,610,567.67 0.71% Total 532,236 100.00% 1,067,521,344.33 100.00% NSW QLD WA NT Other VIC SA TAS ACT Portfolio Strats Page 8
Latitude Australia Credit Card Master Trust Monthly Investor Report Report No: 4 Series 2017-1 Notes Series 2017-1 2017-1 2017-1 2017-1 2017-1 2017-1 Class A1 A2 B C D E Currency AUD AUD AUD AUD AUD AUD ISIN AU3FN0034419 AU3FN0034955 AU3FN0034427 AU3FN0034435 AU3FN0034443 AU3FN0034450 Fitch / S&P / DBRS Rating (Original) AAA /AAA / AAA AAA / NR / AAA AA / NR / AA A / NR / A BBB / NR / BBB BB / NR / BB Fitch / S&P / DBRS Rating (Current) AAA /AAA / AAA AAA / NR / AAA AA / NR / AA A / NR / A BBB / NR / BBB BB / NR / BB Pool Factor (Original) 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 Pool Factor (Current) 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 Pay Frequency Monthly Monthly Monthly Monthly Monthly Monthly Next Distribution Date 22-Sep-17 22-Sep-17 22-Sep-17 22-Sep-17 22-Sep-17 22-Sep-17 Interest Basis BBSW1M BBSW1M BBSW1M BBSW1M BBSW1M BBSW1M Status Revolving Period Revolving Period Revolving Period Revolving Period Revolving Period Revolving Period First Distribution Date 22-May-17 22-May-17 22-May-17 22-May-17 22-May-17 22-May-17 Scheduled Start of Accumulation Period 22-Mar-19 22-Mar-19 22-Mar-19 22-Mar-19 22-Mar-19 22-Mar-19 Expected Redemption Date* 23-Mar-20 23-Mar-20 23-Mar-20 23-Mar-20 23-Mar-20 23-Mar-20 Final Redemption Date 22-Mar-29 22-Mar-29 22-Mar-29 22-Mar-29 22-Mar-29 22-Mar-29 Amortisation Type Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet * Subject to Extension Current Period Rates Class A1 Class A2 Class B Class C Class D Class E Rate (BBSW 1 Month) 1.5950% 1.5950% 1.5950% 1.5950% 1.5950% 1.5950% Margin 1.2500% 1.8500% 2.4000% 3.0000% 3.7500% 5.2500% All-in-Rate 2.8450% 3.4450% 3.9950% 4.5950% 5.3450% 6.8450% Coupon Details Class A1 Class A2 Class B Class C Class D Class E Interest Due 1,550,415.88 343,919.54 182,828.71 191,120.53 177,767.38 199,266.39 Interest Paid 1,550,415.88 343,919.54 182,828.71 191,120.53 177,767.38 199,266.39 Unpaid Interest 0.00 0.00 0.00 0.00 0.00 0.00 Non-Rating Triggers (as at end of Collection Period) Minimum Transferor Interest Portfolio Yield Eligible Balance [A] Transferor Interest* 0.00 [A] Average Portfolio Yield* ** 9.45% [A] Eligible Balance 1,077,262,770.07 [B] Minimum Aggregate Principal [B] Available Originator VFN Excess Amount* [B] Average Expense Rate** 4.47% 11,543,409.35 1,077,120,000.00 [C] = [A]+[B] 11,543,409.35 Excess Spread [A] - [B]** 4.98% [D] Minimum Transferor Interest ** 11,078,857.15 Note Details Trigger [C] < [D] FALSE Trigger [A] < [B] FALSE Trigger [A] < [B] FALSE Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event * Average over 30 consecutive days * Includes Investor Defaults ** As % of Average over the previous 90 days excluding Cash Available for Investment and Credit Balances ** Average over three periods Partial Amortisation Event Cash Available for Investment in the Trustee Collection Account is greater than 10% as a percentage of Eligible Balance*: The Average Portfolio Yield** less the Average Expense Rate** is less than 3%: The consequences of any of these partial Amortisation Events occurring will be partial Amortisation, as defined in the transaction documents Trust FALSE FALSE * On this Determination Date and the five prior Determination Dates ** Same calculation as per Non-Ratings Triggers Series 2017-1 Notes Page 9
Series 2017-1 Cashflow Waterfalls Sources of Funds (Finance Charges) Series 2017-1 Sources of Funds (Principal Collections) Series 2017-1 Balance of the Series 2017-1 Finance Charge Ledger 11,559,280.44 Retained Principal Collections 0.00 Plus: Eligible Interchange Income 516,905.12 Less: Reallocated Principal Collections 0.00 Plus: Bank Interest 11,929.12 Plus: Shared Principal Collections Draw 0.00 Less: O/S Capitalised Finance Charges Adjustment 0.00 Plus: Principal Loss (Make-Up) 4,186,052.34 Principal Funding and Excess Principal Funding Investment Proceeds 0.00 Plus: Series Additional Principal 0.00 Step-Up Reserve Ledger Draw Amount and Release 0.00 Series 2017-1 Available Retained Principal Collections 4,186,052.34 Accumulation Reserve Investment Proceeds and Draw 0.00 Accumulation Reserve Excess Amount 0.00 Release of Accumulation Reserve 0.00 Series 2017-1 Net Qualifying Swap Receipt 0.00 Permitted Investments Proceeds 0.00 Originator VFN Series Reallocated Principal Collections 0.00 Series 2017-1 Reallocated Principal Collections 0.00 Originator VFN Excess Spread Allocation 0.00 Group One Series 2017-1 Excess Finance Charges 0.00 Series 2017-1 Available Funds 12,088,114.68 Application of Available Funds Series 2017-1 Application of Principal Collections Series 2017-1 Series 2017-1 Available Funds: 12,088,114.68 Available Retained Principal 4,186,052.34 Income Unitholder 0.00 Revolving Period TRUE Investor Senior Trust Expenses 9,216.76 Shared Principal Collections 0.00 Investor Trust Manager Payment Amount 42,261.36 Trustee Acquisition Ledger 4,186,052.34 Investor Senior Servicing Fee 829,188.63 Series 2017-1 Qualifying Swap Amount 0.00 Controlled Accumulation Period FALSE Class A1 Monthly Distribution Amount & Subordinated Qualifying 1,605,652.53 Rapid Amortisation Period FALSE Class A1 Investor Default Amount & Charge-offs 2,742,009.80 Scheduled Amortisation Period FALSE Class A2 Investor Default Amount & Charge-offs 502,308.69 Class A2 Monthly Distribution Amount Due 343,919.54 Class A1 Monthly Principal Amount 0.00 Class B Investor Default Amount & Charge-offs 230,266.46 Class A2 Monthly Principal Amount 0.00 Class B Monthly Distribution Amount 182,828.71 Class B Monthly Principal Amount 0.00 Class C Investor Default Amount & Charge-offs 209,278.63 Class C Monthly Principal Amount 0.00 Class C Monthly Distribution Amount 191,120.53 Class D Monthly Principal Amount 0.00 Class D Investor Default Amount & Charge-offs 167,342.95 Class E Monthly Principal Amount 0.00 Class D Monthly Distribution Amount 177,767.38 Principal Funding Ledger 0.00 Class E Investor Default Amount & Charge-offs 146,475.05 Rapid Amortisation Period FALSE Class E Monthly Distribution Amount Due 199,266.39 Available Principal Funding Ledger 0.00 Series 2017-1 Originator VFN Subordination Charge-Offs 188,370.75 Accumulation Reserve Deposit 0.00 Class A1 Principal Repayment 0.00 Step-Up Reserve Required Amount Deposit 0.00 Class A2 Principal Repayment 0.00 Series 2017-1 Investor Excess Spread 4,320,840.51 Class B Principal Repayment 0.00 Class C Principal Repayment 0.00 Class D Principal Repayment 0.00 Class E Principal Repayment 0.00 Series 2017-1 Notes Page 10
Series 2017-1 Bank Account Ledgers Finance Charge Collections Ledger Series 2017-1 Principal Funding Ledger Series 2017-1 Opening Balance Finance Charge Collections Ledger 0.00 O/B Principal Funding Ledger 0.00 Plus: Series 2017-1 Finance Charge Collections Deposit 11,559,280.44 Deposits from Available Retained Principal Collections 0.00 Less: Finance Charge Advance Payment 0.00 Replacement Series Proceeds 0.00 Less: Transfer to Series 2017-1 Cashflow Waterfall (11,559,280.44) Release Principal Funding Ledger 0.00 Closing Balance Finance Charge Collections Ledger 0.00 C/B Principal Funding Ledger 0.00 Required amount (if any) Principal Collections Ledger Series 2017-1 Accumulation Reserve Ledger Series 2017-1 Opening Balance Series 2017-1 Principal Collections Ledger 0.00 O/B Accumulation Reserve Ledger 0.00 Plus: Deposit from Principal Collections Ledger 0.00 Deposits from Available Funds 0.00 Less: Series 2017-1 Reallocated Principal Collections Draw 0.00 Accumulation Draw Amount 0.00 Less: Series 2017-1 Shared Principal Collections Draw 0.00 Accumulation Excess Release 0.00 Less: Application through Series 2017-1 Investor Waterfall 0.00 Release of Accumulation Reserve 0.00 Closing Balance Series 2017-1 Principal Collections Ledger 0.00 C/B Accumulation Reserve Ledger 0.00 Required amount (if any) Required Accumulation Amount 0.00 Accumulation excess (shortfall) 0.00 Series 2017-1 Notes Page 11
Latitude Australia Credit Card Master Trust Monthly Investor Report Series 2017-VFN Notes Report No: 4 Series 2017-VFN Cashflow Waterfalls Note Details Sources of Funds (Finance Charges) Series 2017-VFN Series 2017-VFN Series 2017-VFN Finance Charge Collections Ledger 500,817.38 Class N/A Plus: Eligible Interchange Income 22,395.43 Currency AUD Plus: Bank Interest 516.84 ISIN N/A Less: O/S Capitalised Finance Charges Adjustment 0.00 Fitch Rating (Original) A Series 2017-VFN Net Qualifying Swap Receipt 0.00 Fitch Rating (Current) A Originator VFN Series Reallocated Principal Collections 0.00 Pool Factor (Original) 0.7500 Series 2017-VFN Reallocated Principal Collections 0.00 Pool Factor (Current) 0.0000 Originator VFN Series Excess Spread Allocation 0.00 Pay Frequency Monthly Group One Series 2017-VFN Excess Finance Charges 0.00 Next Distribution Date 22-Sep-17 Series 2017-VFN Available Funds 523,729.66 Interest Basis BBSY1M Status Revolving Period Application of Available Funds Series 2017-VFN First Distribution Date 22-May-17 Series 2017-VFN Available Funds: 523,729.66 Expected Redemption Date* 23-Mar-20 Final Redemption Date 22-Mar-31 Income Unitholder 0.00 Amortisation Type Soft Bullet 2017-VFN Senior Trust Expenses 228.94 2017-VFN Trust Manager Payment Amount 918.73 2017-VFN Senior Servicing Fee 35,925.43 * Subject to Extension 2017-VFN Qualifying Swap Amount 0.00 2017-VFN Monthly Distribution Amount 68,492.31 Current Period Rates Series 2017-VFN Undrawn Fee Paid 37,577.64 Rate (BBSY1M) 1.6450% Subordinated Qualifying Swap Amount 0.00 Margin 1.6000% 2017-VFN Investor Default Amount 173,203.55 All-in-Rate 3.2450% 2017-VFN Investor Charge-Off 0.00 2017-VFN Originator VFN Subordination Charge-Offs 25,880.99 Series 2017-VFN Bank Account Ledgers 2017-VFN Excess Spread 181,502.07 Finance Charge Collections Ledger Series 2017-VFN Sources of Funds (Principal Collections) Series 2017-VFN Balance 2017-VFN Finance Charge Collections Ledger 0.00 Retained Principal Collections 0.00 Plus: 2017-VFN Finance Charge Collections Deposit 500,817.38 Less: Reallocated Principal Collections Draw 0.00 Less: Finance Charge Advance Payment 0.00 Plus: Shared Principal Collections Draw 0.00 Less: Transfer to 2017-VFN Cashflow Waterfall (500,817.38) Plus: Principal Loss (Make-Up) 199,084.54 Balance 2017-VFN Finance Charge Collections Ledger 0.00 Plus: Series Additional Principal Collections 0.00 Series 2017-VFN Available Retained Principal Collections 199,084.54 Principal Collections Ledger Series 2017-VFN Balance Series 2017-VFN Principal Collections Ledger 0.00 Application of Principal Collections Series 2017-VFN Plus: Deposit from Principal Collections Ledger 0.00 Series 2017-VFN Available Retained Principal Collections 199,084.54 Less: 2017-VFN Reallocated Principal Collections Draw 0.00 Less: 2017-VFN Shared Principal Collections Draw 0.00 Revolving Period TRUE Less: Application through Series 2017-1 VFN waterfall 0.00 Allocated Shared Principal Collections (VFN) 0.00 Balance Series 2017-VFN Principal Collections Ledger 0.00 Transfer to Trustee Acquisition Ledger 199,084.54 Series 2017-VFN Rapid Amortisation Period Series 2017-VFN Scheduled Amortisation Period Series 2017-VFN Optional Amortisation Period FALSE FALSE TRUE Series 2017-VFN Monthly Principal Amount 0.00 Allocated Shared Principal Collections (VFN) 0.00 Transfer to Trustee Acquisition Ledger 0.00 Non-Rating Triggers (as at the end of the Collection Period) Minimum Transferor Interest Portfolio Yield Eligible Balance [A] Transferor Interest* 0.00 [A] Average Portfolio Yield** 13.52% [A] Eligible Balance 1,077,262,770.07 [B] Minimum Aggregate Principal [B] Available Originator VFN Excess Amount* [B] Average Expense Rate** 5.85% 11,543,409.35 1,077,120,000.00 [C] = [A]+[B] 11,543,409.35 Excess Spread [A] - [B]** 7.67% [D] Minimum Transferor Interest ** 11,078,857.15 Trigger [C] < [D] FALSE Trigger [A] < [B] FALSE Trigger [A] < [B] FALSE Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event * Average over 30 consecutive days * Includes Investor Defaults ** As % of Average over the previous 90 days excluding Cash Available for Investment and Credit Balances ** Average over three periods Partial Amortisation Event Cash Available for Investment in the Trustee Collection Account is greater than 10% as a percentage of Eligible Balance*: The Average Portfolio Yield** less the Average Expense Rate** is less than 3%: The consequences of any of these partial Amortisation Events occurring will be partial Amortisation, as defined in the transaction documents Trust FALSE FALSE * On this Determination Date and the five prior Determination Dates ** Same calculation as per Non-Ratings Triggers Series 2017-VFN Note Page 12
Latitude Australia Credit Card Master Trust Monthly Investor Report Originator VFN Notes Report No: 4 Note Details Current Period Rates Series Originator VFN Rate (BBSY1M) N/A Class N/A Fixed Rate 10.2606% Currency AUD All-in-Rate 10.2606% ISIN N/A Fitch / S&P / DBRS Rating (Original) Not Rated Fitch / S&P / DBRS Rating (Current) Not Rated Originator VFN Components AUD Pool Factor (Original) 1.0000 Series 2017-1 Subordination 47,120,000.00 Pool Factor (Current) 0.8571 2017-VFN Subordination 0.00 Pay Frequency Monthly Excess Amount 12,687,541.33 Next Distribution Date 22-Sep-17 Total 59,807,541.33 Interest Basis Fixed Rate Status Revolving Period Coupon Details First Distribution Date 22-May-17 Note Size (at beginning of Interest Period) 64,625,977.56 Scheduled Start of Accumulation Period N/A Scheduled Redemption Date* N/A Interest Due 2,319,668.29 Final Redemption Date 6-Apr-48 Interest Paid 123,345.17 Amortisation Type Soft Bullet Unpaid Interest 2,196,323.12 Originator VFN Series Cashflow Waterfalls Sources of Funds (Finance Charges) Originator VFN Series Sources of Funds (Principal Collections) Originator VFN Series Balance Originator VFN Finance Charge Collections Ledger 747,366.00 Retained Principal Collections 0.00 Plus: Eligible Interchange Income 33,420.53 Plus: Shared Principal Collections Draw 0.00 Plus: Bank Interest 771.28 Plus: Principal Loss (Make-Up) 0.00 Less: Capitalised Fee Adjustment 0.00 Available Required Retained Principal Collections 0.00 Originator VFN Series Net Qualifying Swap Receipts 0.00 Permitted Investment Proceeds 0.00 Originator VFN Series Reallocated Principal Collections 0.00 Group One Series Originator VFN Excess Finance Charges 0.00 Series 2017-VFN Available Funds 781,557.81 Application of Principal Collections Originator VFN Series Application of Available Funds Originator VFN Series Originator VFN Available Retained Principal Collections 0.00 Originator VFN Series Available Funds: 781,557.81 Revolving Period TRUE Income Unitholder 0.00 Allocated Shared Principal Collections (Originator) 0.00 Originator VFN Senior Trust Expenses 600.35 Transfer to Trustee Acquistion Ledger 0.00 Originator VFNTrust Manager Payment 2,756.18 Originator VFN Senior Servicing Fee 53,611.24 Originator VFN Series Rapid Amortisation Event FALSE Originator VFN Qualifying Swap Amount 0.00 Originator VFN Series Optional Amortisation Event FALSE Originator VFN Additional Coupon 3,602.39 Originator VFN Excess Amount Monthly Distribution 123,345.17 Originator VFN Monthly Principal Amount 0.00 Default Amount Originator VFN Excess Amount 0.00 Transfer to Trustee Acquisition Ledger 0.00 Originator VFN Excess Amount Charge-Off 0.00 Investor Series Charge-Offs 0.00 Originator VFN Subordination Charge-Offs 0.00 Transferor (Eligible) Charge-Offs 0.00 Supported Group One Finance Charge Shortfall 0.00 Originator VFN Series Excess Spread 597,642.49 Originator VFN Series Bank Account Ledgers Principal Collections Ledger Originator VFN Series Finance Charge Collections Ledger Originator VFN Series Balance Originator VFN Principal Collections Ledger 0.00 Balance Originator VFN Finance Charge Collections Ledger 0.00 Plus: Deposit from Principal Collections Ledger 0.00 Plus: Originator VFN Finance Charge Collections Deposit 747,366.00 Less: Originator VFN Reallocated Principal Collections 0.00 Less: Finance Charge Advance Payment 0.00 Less: Transfer to Trustee Acquisition Ledger 0.00 Less: Transfer to Originator VFN Series Cashflow Waterfall (747,366.00) Balance Series 2017-VFN Principal Collections Ledger 0.00 Balance Originator VFN Finance Charge Collections Ledger 0.00 Originator VFN Note Page 13