EMERALD MORTGAGES NO:5 D.A.C INVESTOR REPORT From: Month Ending: Interest Payments Date: EBS d.a.c 31 July 217 15 August 217 Investor Contacts Mark Whelan Senior Manager EBS d.a.c 353 1 641 7164 mark.whelan@mail.ebs.ie Jonathan Lynch Collateral Management Specialist, EBS d.a.c 353 1 641 7195 jonathan.lynch@mail.ebs.ie Details of Notes Issued Original Rating Original Tranche Post Amendment Current Rating Post Amendment Post Amendment Final Class of Notes Reference Fitch / Moodys (Euro) Interest Rate Rating Fitch / Fitch / Moodys Tranche Interest rate Maturity Moodys (Euro) A Notes B Notes XS35215453 XS352155146 N/R / Aa1 N/R / Baa3 2,375,, 125,, 1 mth Euribor +.7% 1 mth Euribor + 1.25% AA- / A1 N/R / N/R AAA/Aaa N/R / N/R 1,529,64,525.15 125,, Fixed 1.75% Fixed.25% 25 25 Deal Information Issue Date First Distribution Date Deal Amendment Date Minimum Denominations Payments Frequency Interest Calculation (pre amendment) Interest Calculation (post amendment) 2 March 28 15 May 28 23 February 211 1, Monthly Actual / 36 Actual / Actual This Report Interest Period Start Date Interest Period End Date No of days in Interest Period Next Payments Date 17 July 217 15 August 217 29 15 September 217 Principal Payments on Notes Class of Notes Original % of Opening % of Amortisation Closing % of (Euro) Bonds (Euro) Bonds (Euro) (Euro) Bonds A Notes2 2,375,, 95.% 499,289,315.24 79.98% (12,495,14.93) 486,794,3.31 79.57% B Notes 125,, 5.% 125,, 2.2% 125,, 2.43% Total 2,5,, 1% 624,289,315.24 1% (12,495,14.93) 611,794,3.31 1% Interest Payments on Notes Class of Notes Reference Interest Rate Number of Days Interest Due (Euro) Interest Paid (Euro) A Notes XS35215453 Fixed 1.75% 29 728,175. 728,175. B Notes XS352155146 Fixed.25% 29 26,5 Unpaid Interest Cumulative Unpaid 26,5 2,84,625. Credit Enhancement and Liquidity Facilities at at at Drawings in Replenished / at Description Providor Closing (Euro) Amendment Start of Month Month (Euro) (Released) in Close of Month Required Deficit (Euro) Date (Euro) (Euro) Month (Euro) (Euro) (Euro) Class Z Loan 3 Reserve Fund 4 * EBS EBS 93,75, 358,33,7.94 3,189,563. 358,33,7.94 2,126,375.33 358,33,7.94 2,126,375.33 2,126,375.33 Liquidity Reserve 5 Liquidity Facility 6 EBS EBS 5,, Swap Details Swap Provider EBS Moody s Rating Baa3/P-3 (at amendment date) Notional Start of Movement at IPD Notional a End (Euro) Period (Euro) (Euro) Mortgage Insurance Receipts MIG settlement #1 MIG settlement #2 MIG settlement #3 MIG settlement #4 MIG settlement #5 MIG settlement #6 MIG settlement #7 Less MIG funds on loans sold back to EBS Less applied funds Net Total 451,277.47 55,74.1 1,818,835. 85,84.75 71,836.25 688,485.79 2,51,9 (1,43,839.42) (1,138,82.97) 4,958,956.97 Monies received from an agreed settlement of mortgage indemnity insurance. These monies reside in the reserve account and will only be applied upon sale of a property or the redemption of a mortgage that was covered under the settlement. * Settlement amount was updated by the Serviver when further funds were supplied by Genworth. NOTES 1. Class A originally issued at Euribor +.7% but converted to fixed rate at 1.75% on February amendment date 211. 2. Amortisation of A Notes of 378,36m on February amendment date 211. 3. Class Z loan of 358.3m issued on February amendment date 211. 4. Reserve fund was reduced from 93.75m to 3.19m on February amendment date 211. It was further reduced to 2.13m in February 212 on transfer of the clearing account. 5. Liquidity reserve was cancelled on February amendment date 211. 6. Liquidity facility was cancelled on February amendment date 211. 7. SWAP terminated on February amendment date 211. Class A bonds converted to fixed rate coupon.
Revenue Analysis Revenue Receipts Principal receipts on True Loss & Deemed Loss Loans Interest on Bank Accounts Drawing from Reserve Fund Other Net Income Available Redemption Funds to Cover Revenue Deficiency Excess Redemption Funds Available Revenue Funds Euro 3,4,747.6 939,923.9 3,38.85 3,974,98.35 Allocation of Available Funds Trustee Fees Paying Agent, Corporate Servicer, Account Bank + Other 3rd Party Prior Payments Servicer + Cash Manager Fees Class A Notes Interest Class A Principal Deficiency Ledgers Reserve Fund up to Required Amount Class B Principal Deficiency Ledgers (Class A notes outstanding) Class Z Principal Deficiency Sub-Ledger (Class A notes outstanding) Class B Note Interest Class B Principal Deficiency Ledgers (Class A notes redeemed) Class Z Loan Interest Class Z Principal Deficiency Ledger (Class A notes redeemed) Subordinated Loan Interest Subordinated Loan Principal Deferred Consideration Total Allocation Excess Retained Euro (4,466.88) (119,635.95) (728,175.) (3,122,72.52) (3,974,98.35) Principal Deficiency Ledger Class of Notes Opening Compromise Deemed Losses Actual Losses Settlements Allocated this Allocated this Allocated this Period* Period* Period* Class A Class B Z Loan 3,288,991.1 337,56.96 61,4.37 38,474.83 Cumulative Cumulative Losses Cumulative Losses Total Losses Total Credited this / Revenue Closing / Revenue Allocated this Period Period Deficiency Deficiency Paid Allocated 436,986.16 3,122,72.52 63,274.65 383,819,944.28 383,216,669.62 Recoveries Class of Notes Principal Recovered from Mortgage Loans This Period Cumulative Class A Class B Z Loan 939,923.9 116,455,665.29 *Deemed Loss means in respect of a Mortgage Loan (without double counting): (i) the principal balance outstanding of such Mortgage Loan where the ratio between amounts due and unpaid by the scheduled interest and principal instalments for such Mortgage Loan exceeds an amount equal to the aggregate of 12 months of scheduled interest and principal instalments for such loan; (ii) if enforcement procedings are completed, the principal balance of such Mortgage Loan prior to the application of realisation proceeds; and (iii) any principal loss arising as a result of the exercise of set-off by a mortgage Borrower against the Seller in respect of any Mortgage Loan which has not been repurchased by the Seller. Available Principal Funds Principal Receipts Received Less Principal Receipts on Deemed Loss Loans Credit Class A, B + Z Principal Deficiency Ledger Other Net Income * Less Amount to pay a Revenue Deficiency Total Redemption Funds EUR 1,312,236.31 (939,923.9) 3,122,72.52 12,495,14.93 Allocation of Available Funds Principal Class A Notes Principal Class B Notes (Class A notes redeemed) Principal Class Z Loan (Class A notes redeemed) Excess as Available Revenue Receipts Total Allocation of Principal Receipts EUR (12,495,14.93) (12,495,14.93) Arrears Summary Arrears Summary Number of % Number of Accounts Accounts % Not In Arrears 11,96 92% 1,85,438,49 89% In Arrears One Month or More 944 8% 127,478,763 11% Total 12,4 1% 1,212,917,172 1% Mortgage Portfolio Analysis: Properties Under Management Description No of Properties This Period Principal Amount Cumulative (Active Loans only) No of Properties Principal Amount Cumulative Active and Redeemed Loans) Number of Properties Property in Possession 45 8,865,524.7 171 Abandoned 27 5,622,146.17 73 Sold 3 515,789.17 149 16,546,855.92 24 Note: From July 211 IPD onwards the 'properties under management' data is being reported on a property basis as opposed to an individual loan basis. Note: From August 214 IPD onwards the Voluntary Handback and Repossession data has been amalgamated under the Property in Possession heading.
Mortgage Portfolio Analysis Opening Mortgage Principle Compromise Settlements* Early Redemptions Scheduled Principal Payments Non-cash Adjustments, including Capitalisations** Principle Repurchase Closing Mortgage Principal At end of Month (Euro) Cumulative (Euro) 1,239,56,592.67 2,5,, (145,891.68) (17,666,639.26) (4,446,73.28) (635,653,66.39) (5,865,533.3) (525,714,697.3) 141,623.47 7,397,435.7 (99,172,35.87) 1,229,19,88.15 1,229,19,88.15 *From September 214 "Principal Losses" are replaced with "Compromise Settlements" and September opening balance and cumulative "Early Redemptions" have been adjusted accordingly. **In March 216 "Capitalisation Arrangements" was replaced with "Non-cash Adjustments, including Capitalisations" due to improvements in loan level reporting. The Opening Mortgage Principal for March 216 was restated. Mortgage Portfolio Analysis Previous Month Current Month Weighted average interest rate 3.4% 3.3% Annualised CPR (current month unscheduled Repayments annualised) Annualised CPR (current month Scheduled & Unscheduled Repayments annualised) 2.3% 7.67% 4.22% 9.8% Deal Participation Information Minimum Rating Current Rating Rating Satisfied Bank Account Provider BNP Paribas Fitch F1 and Moody's P-1 Fitch F1 and Moody's P-1 Yes Clearing Account Provider BNP Paribas Fitch F1 and Moody's P-1 Fitch F1 and Moody's P-1 Yes Servicer EBS d.a.c Fitch BBB- and Moody's Baa3 Fitch BB+ and Moody's Baa2 No** Cash Manager EBS d.a.c Fitch BBB- and Moody's Baa3 Fitch BB+ and Moody's Baa2 No*** Corporate Servicer EBS d.a.c ~ ~ ~ Back Up Cash Manager Deutsche Bank ~ Fitch F1 and Moody's P-2 ~ Back Up Mortgage Servicer Capita Mortgage Services Limited ~ ~ ~ ** A back-up servicer, Crown Mortgage Services has been appointed. *** A back -up cash manager, Deutsche Bank, has been appointed. Deal Participation Information Note Trustee Security Trustee Paying Agent Listing Citicorp Trustee Company Ltd. Citicorp Trustee Company Ltd. Citibank Irish Stock Exchange
Stratification Tables Note: The losses recognised have not yet been reflected in the following stratification tables. Number of Repayments in Arrears Number of Payments Missed < 1 Payment 11,96 92.16% 1,85,438,49 89.49% 1 Payments 19.91% 11,816,618.97% 2 Payments 51.42% 5,979,997.49% 3 to 6 Payments 67.56% 8,18,76.67% 6 to 9 Payments 48.4% 5,659,722.47% 9 to 12 Payments 33.27% 4,27,396.35% 12 to 15 Payments 37.31% 5,14,693.42% 15 to 18 Payments 16.13% 2,59,212.17% 18 to 21 Payments 26.22% 3,889,574.32% 21 to 24 Payments 24.2% 2,899,192.24% 24 to 27 Payments 25.21% 2,776,937.23% 27 to 3 Payments 14.12% 2,482,628.2% 3 to 33 Payments 22.18% 3,161,418.26% 33 to 36 Payments 28.23% 3,967,347.33% 36 to 39 Payments 18.15% 2,725,188.22% 39 to 42 Payments 16.13% 2,226,884.18% 42 to 45 Payments 23.19% 3,77,68.31% 45 to 48 Payments 25.21% 3,28,927.25% 48 to 6 Payments 89.74% 14,231,643 1.17% 6 to 72 Payments 81.67% 12,823,514 1.6% 72 to 84 Payments 9.75% 12,94,591 1.% 84+ Payments 12.85% 14,464,57 1.19% Total 12,4 1% 1,212,917,172 1% 12 1 8 6 4 2 16 14 12 1 8 6 4 2 Number of in Arrears Number of in Arrears Repayments in Arrears - Last 6 in Arrears Value ( m) Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 12+ Arrears 94.86 91.97 92.27 92.67 9.86 91.71 3+ Arrears** 116.51 114.5 113.17 111.81 11.1 19.68 1+ Arrears* 14.51 135.63 139.73 133.67 131.92 127.48 Total Arrears 14.51 135.63 139.73 133.67 131.92 127.48 Total Portfolio 1,258.52 1,248.99 1,241.8 1,231.33 1,223.66 1,212.92 in Arrears Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 12+ Arrears 665 643 644 642 632 636 3+ Arrears** 83 812 815 87 79 784 1+ Arrears* 1,57 1,7 1,42 989 971 944 Total Arrears 1,57 1,7 1,42 989 971 944 Total Portfolio 12,464 12,383 12,316 12,222 12,153 12,4 * 1+ Arrears includes loans in 3+ and 12+ Arrears ** 3+ Arrears includes loans in 12+ Arrears.3 % Arrears by Value.25 % Arrears by Volume.25.2.15.1.5.2.15.1.5 % 1+ Arrears % 3+ Arrears % 12+ Arrears % 1+ Arrears % 3+ Arrears % 12+ Arrears Cure Rates - Last 6 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Total Cases Any Arrears 1,33 1,218 1,315 1,22 1,188 1,165 Total Cured to Arrears 186 223 127 241 178 161 % Cure Rate to Arrears 14.27% 18.31% 9.66% 19.75% 14.98% 13.82% Loan Size Loan Size < 5k 4,686 38.92% 18,621,155 8.96% 5k to 1k 2,216 18.41% 161,211,237 13.29% 1k to 2k 3,457 28.71% 58,862,44 41.95% 2k to 3k 1,418 11.78% 338,157,131 27.88% 3k to 4k 21 1.74% 69,511,693 5.73% 4k to 5k 33.27% 14,261,9 1.18% > 5k 2.17% 12,292,12 1.1% Total 12,4 1% 1,212,917,172 1% Weighted Average Loan Size 1,74.63
Millions Millions 5 6 45 4 5 35 4 3 25 3 2 15 2 1 1 5 < 5k 5k to 1k 1k to 2k 2k to 3k 3k to 4k 4k to 5k > 5k Loan Size < 5k 5k to 1k 1k to 2k 2k to 3k 3k to 4k 4k to 5k > 5k Loan Size Original LTV Original LTV % to 25% 287 2.38% 7,27,743.6% 25% to 5% 1,868 15.51% 73,24,223 6.4% 5% to 55% 469 3.9% 23,2,45 1.91% 55% to 6% 56 4.2% 24,889,61 2.5% 6% to 65% 56 4.2% 3,65,549 2.53% 65% to 7% 614 5.1% 43,274,147 3.57% 7% to 75% 695 5.77% 54,649,498 4.51% 75% to 8% 687 5.71% 61,195,341 5.5% 8% to 85% 98 8.14% 117,179,231 9.66% 85% to 9% 2,155 17.9% 273,86,921 22.57% 9% to 95% 3,245 26.95% 51,67,888 41.31% 95% to 1% 7.6% 379,343.3% 1% to 15% % % 15% to 11% 1.1% 92,878.1% 11% to 115% 2.2% 13,988.1% 115% to 12% % % 12% to 125% 1.1% 311,51.3% 125%+ 17.14% 1,578,716.13% Total 12,4 1% 1,212,917,172 1% Weighted Average Original LTV 82.46% 35 3 25 2 15 1 5 6 5 4 3 2 1 Original Loan to Value Original Loan to Value *OLTV for top-up loans is calculated by combining the original loan amount and the top-up loan amount. This does not take into account any reduction in the original loan amount that occurred prior to the top-up approval. The OLTV on top-up loans is therefore shown here as higher than the true exposure at the time the top-up was approved. The true exposure on all loans, including top-ups, was 1% or less at loan approval. Indexed LTV Indexed LTV % to 25% 3,17 25.81% 73,612,939 6.7% 25% to 5% 1,931 16.4% 126,722,569 1.45% 5% to 55% 412 3.42% 37,455,219 3.9% 55% to 6% 426 3.54% 38,69,676 3.18% 6% to 65% 432 3.59% 48,75,813 4.2% 65% to 7% 55 4.19% 58,652,322 4.84% 7% to 75% 549 4.56% 69,557,127 5.73% 75% to 8% 575 4.78% 75,983,476 6.26% 8% to 85% 528 4.39% 78,262,324 6.45% 85% to 9% 55 4.57% 85,695,299 7.7% 9% to 95% 565 4.69% 9,41,753 7.45% 95% to 1% 54 4.19% 85,58,94 7.1% 1% to 15% 458 3.8% 79,951,455 6.59% 15% to 11% 364 3.2% 62,48,445 5.15% 11% to 12% 565 4.69% 11,634,344 8.38% 12% to 13% 261 2.17% 47,581,595 3.92% 13% to 14% 111.92% 17,728,8 1.46% 14% to 15% 88.73% 14,281,665 1.18% 15% to 16% 37.31% 8,24,28.66% 16% to 17% 28.23% 4,921,347.41% 17% to 18% 25.21% 4,375,577.36% 18% to 19% 9.7% 1,755,533.14% 19% to 2% 4.3% 844,454.7% 2% to 21% 1.1% 256,484.2% 21%+ 5.4% 426,735.4% Total 12,4 1% 1,212,917,172 1% Weighted Average Indexed LTV 81.69% 35 14 3 12 25 1 2 8 15 6 1 4 5 2 Indexed Loan to Value Indexed Loan to Value
Average Indexed LTV - Last 6 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Indexed LTV 84.84 84.91 83.61 84.15 82.93 81.69 13 Average Indexed LTV 12 11 1 9 8 7 6 In December 211 the PTSB Index was replaced with the CSO Index Indexed LTV Seasoning Seasoning to 24 45.37% 3,143,996.26% 24 to 48 245 2.3% 15,854,397 1.31% 48 to 72 3.2% 36,934.3% 72 to 96 % % 96 to 12 82 6.66% 117,671,597 9.7% 12 to 144 3,942 32.74% 569,921,58 46.99% 144 to 168 2,37 19.16% 282,563,442 23.3% 168+ 4,696 39.% 223,41,226 18.42% Total 12,4 1% 1,212,917,172 1% Weighted Average Seasoning 145.97 5 6 45 4 5 35 3 4 25 3 2 15 2 1 5 1 to 24 24 to 48 48 to 72 72 to 96 96 to 12 Seasoning 12 to 144 144 to 168 168+ to 24 24 to 48 48 to 72 72 to 96 96 to 12 Seasoning 12 to 144 144 to 168 168+ Property Area (County) County Carlow 222 1.84% 2,293,45 1.67% Cavan 157 1.3% 13,2,814 1.7% Clare 358 2.97% 29,58,975 2.4% Cork 889 7.38% 79,89,81 6.59% Donegal 59 4.23% 38,967,635 3.21% Dublin 3,47 28.82% 413,596,675 34.1% Galway 299 2.48% 29,243,527 2.41% Kerry 43 3.57% 36,526,781 3.1% Kildare 886 7.36% 93,886,171 7.74% Kilkenny 26 1.71% 18,326,773 1.51% Laois 181 1.5% 17,371,861 1.43% Leitrim 62.51% 4,587,177.38% Limerick 592 4.92% 54,325,51 4.48% Longford 73.61% 5,695,324.47% Louth 61 5.7% 54,53,718 4.49% Mayo 197 1.64% 15,75,311 1.29% Meath 1,99 9.13% 126,794,685 1.45% Monaghan 81.67% 6,291,792.52% Offaly 112.93% 8,78,72.72% Roscommon 15.87% 7,982,356.66% Sligo 145 1.2% 1,964,891.9% Tipperary 292 2.43% 25,981,19 2.14% Waterford 215 1.79% 2,292,543 1.67% Westmeath 25 1.7% 16,388,996 1.35% Wexford 225 1.87% 21,343,253 1.76% Wicklow 42 3.49% 43,114,963 3.55% Total 12,4 1% 1,212,917,172 1%
Millions Property Area (County) PDH BTL County Carlow 22 1.84% 2,157,3 1.67% 2 2.27% 136,151 1.52% Cavan 157 1.31% 13,2,814 1.8% % % Clare 353 2.95% 28,714,919 2.39% 5 5.68% 344,56 3.84% Cork 886 7.41% 79,671,311 6.62% 3 3.41% 219,498 2.45% Donegal 55 4.23% 38,618,61 3.21% 4 4.55% 349,574 3.9% Dublin 3,442 28.8% 49,91,739 34.5% 28 31.82% 3,694,936 41.23% Galway 299 2.5% 29,243,527 2.43% % % Kerry 429 3.59% 36,433,644 3.3% 1 1.14% 93,137 1.4% Kildare 877 7.34% 92,881,393 7.71% 9 1.23% 1,4,778 11.21% Kilkenny 26 1.72% 18,326,773 1.52% % % Laois 18 1.51% 17,371,477 1.44% 1 1.14% 384 % Leitrim 62.52% 4,587,177.38% % % Limerick 586 4.9% 53,786,41 4.47% 6 6.82% 539,469 6.2% Longford 73.61% 5,695,324.47% % % Louth 67 5.8% 54,27,475 4.5% 3 3.41% 296,243 3.31% Mayo 193 1.61% 15,251,168 1.27% 4 4.55% 454,142 5.7% Meath 1,91 9.13% 126,27,193 1.48% 8 9.9% 587,492 6.56% Monaghan 81.68% 6,291,792.52% % % Offaly 111.93% 8,728,796.73% 1 1.14% 51,275.57% Roscommon 13.86% 7,818,13.65% 2 2.27% 164,226 1.83% Sligo 144 1.2% 1,927,755.91% 1 1.14% 37,136.41% Tipperary 288 2.41% 25,644,142 2.13% 4 4.55% 336,967 3.76% Waterford 214 1.79% 2,113,173 1.67% 1 1.14% 179,37 2.% Westmeath 24 1.71% 16,365,25 1.36% 1 1.14% 23,971.27% Wexford 222 1.86% 2,972,113 1.74% 3 3.41% 371,14 4.14% Wicklow 419 3.51% 43,38,16 3.57% 1 1.14% 76,857.86% Total 11,952 1% 1,23,956,369 1% 88 1% 8,96,82 1% Property Area (County) Major County Dublin 3,47 28.82% 413,596,675 34.1% Cork 889 7.38% 79,89,81 6.59% Galway 299 2.48% 29,243,527 2.41% Limerick 592 4.92% 54,325,51 4.48% Waterford 215 1.79% 2,292,543 1.67% Other 6,575 54.61% 615,568,18 5.75% Total 12,4 1% 1,212,917,172 1% 7 7 6 6 5 5 4 4 3 3 2 2 1 1 Dublin Cork Galway Limerick Waterford Other Region Dublin Cork Galway Limerick Waterford Other Region Property Area (Region) Region Dublin 3,47 28.82% 413,596,675 34.1% Rest of Leinster 4,239 35.21% 426,499,267 35.16% Munster 2,776 23.6% 246,75,728 2.29% Connaught / Ulster 1,555 12.92% 126,745,53 1.45% Total 12,4 1% 1,212,917,172 1% 45 45 4 4 35 35 3 3 25 25 2 2 15 15 1 1 5 5 Dublin Rest of Leinster Munster Connaught / Ulster Region Dublin Rest of Leinster Munster Connaught / Ulster Region Interest Rate Interest Rate Type Fixed Rate 957 7.95% 124,455,78 1.26% ECB Tracker Rate 1,998 16.59% 259,123,651 21.36% EBS Base Rate 8,793 73.3% 81,23,556 66.78% Other*** 292 2.43% 19,314,184 1.59% Total 12,4 1% 1,212,917,172 1% Interest Rate Type Avg Interest Rate % Fixed Rate 957 3.21 ECB Tracker Rate 1,998 1.1 EBS Base Rate 8,793 3.72 Other*** 292 *** Other refers to loans on zero interest rate. These loans are subject to this interest rate in accordance with the EBS Mortgage Arrears Resolution Strategy as it applies to "Split Loans". The entire mortgage debt of the non interest bearing portion of a "Split Loan" is recorded against the Principal Deficiency Ledger.
Millions Millions 1 9 9 8 8 7 7 6 5 4 6 5 4 3 3 2 2 1 1 Fixed Rate ECB Tracker Rate EBS Base Rate Other*** Interest Rate Fixed Rate ECB Tracker Rate EBS Base Rate Other*** Interest Rate Remaining Years Remaining Years < Years 181 1.5% 478,184.4% 1 to 5 Years 2,152 17.87% 39,959,993 3.29% 6 to 15 Years 3,684 3.6% 261,47,517 21.55% 16 to 2 Years 2,873 23.86% 355,544,781 29.31% 21 to 25 Years 2,565 21.3% 477,24,156 39.35% 26 to 3 Years 526 4.37% 68,6,246 5.61% 3+ Years 59.49% 1,28,297.85% Total 12,4 1% 1,212,917,172 1% Weighted Average Remaining Years 19.3 4 6 35 5 3 25 4 2 3 15 2 1 5 1 < Years 1 to 5 Years 6 to 15 Years 16 to 2 Years 21 to 25 Years 26 to 3 Years 3+ Years Remaining Years < Years 1 to 5 Years 6 to 15 Years 16 to 2 Years 21 to 25 Years 26 to 3 Years 3+ Years Remaining Years Fixed Term Remaining Fixed Term Remaining to 6 22 21.11% 27,428,81 22.4% 6 to 12 349 36.47% 44,756,551 35.96% 12 to 18 38 3.97% 2,879,35 2.31% 18 to 24 38 3.97% 3,99,988 3.14% 24 to 3 48 5.2% 6,334,852 5.9% 3 to 36 71 7.42% 9,288,993 7.46% 36 to 42 57 5.96% 8,864,541 7.12% 42 to 48 6 6.27% 7,437,898 5.98% 48 to 54 25 2.61% 3,48,257 2.8% 54+ 69 7.21% 1,74,863 8.1% Total 957 1% 124,455,78 1% Weighted Fixed Term Remaining 21.59 4 5 35 3 25 45 4 35 3 2 15 1 5 to 6 6 to 12 12 to 18 18 to 24 24 to 3 3 to 36 36 to 42 Fixed Term Remaining 42 to 48 48 to 54 54+ 25 2 15 1 5 to 6 6 to 12 12 to 18 18 to 24 24 to 3 3 to 36 36 to 42 Fixed Term Remaining 42 to 48 48 to 54 54+ Principal Repayments Holiday Status Principal Repayments Holiday Status Y 148 1.23% 15,943,712 1.31% N 11,892 98.77% 1,196,973,46 98.69% Total 12,4 1% 1,212,917,172 1%
Principal Repayments Holiday Remaining Term Principal Repayments Holiday Remaining Term to 3 51 34.46% 6,57,6 4.81% 3 to 6 31 2.95% 4,63,71 25.48% 6 to 9 1.68% 259,966 1.63% 9 to 12 1.68% 158,11.99% 12 to 18 % % 18 to 24 % % 24 to 3 7 4.73% 28,237 1.76% 3 to 36 4 2.7% 152,692.96% 36 to 42 1.68% 21,412.13% 42 to 48 1.68% 151,65.95% 48 to 54 3 2.3% 149,861.94% 54 to 6 1.68% 38,231.24% 6 to 66 1.68% 42,243.26% 66 to 72 2 1.35% 46,364.29% 72+ 44 29.73% 4,73,453 25.55% Total 148 1% 15,943,712 1% Weighted Principal Repayments Holiday Remaining Term 5.25 6 7 5 6 4 3 2 1 Interest Only Remaining 5 4 3 2 1 to 3 3 to 6 6 to 9 9 to 12 12 to 18 to 24 to 3 to 36 to 42 to 48 to 54 to 6 to 66 to 72+ 18 24 3 36 42 48 54 6 66 72 Interest Only Remaining Occupancy Status Occupancy Status Homeloan 11,952 99.27% 1,23,956,369 99.26% Retail BTL 88.73% 8,96,82.74% Commercial BTL % % Commercial % % Total 12,4 1% 1,212,917,172 1%
NOTES: 1. LIQUIDITY AND CREDIT SUPPORT (a) Reserve Fund (b) Available Revenue Receipts (c) Subordination of the Class B Note + Class Z Loan 2. PRIORITY OF Payments Revenue and principal Payments on Emerald Mortgages No5 Ltd follow through separate Payments waterfalls. (a) Revenue funds flow to noteholders according to the following pre-acceleration priority of Payments: 1. Satisfaction of Note & Security Trustee fees and expenses 2. Satisfaction of certain senior fees and expenses (Agent Bank, Corp. Services Provider + Account Bank etc.) 3. Satisfaction of Servicer + Cash Manager fees 4. Pay Interest due on Class A Notes 5. Credit Class A Principal Deficiency Ledger to eliminate any debit thereon 6. Credit General Reserve Ledger to required amount 7. Credit Class B Principal Deficiency Ledger (if Class A notes outstanding) to eliminate any debit thereon 8. Credit Class Z Principal Deficiency Ledger (if Class A notes outstanding) to clear the debt thereon 9. Pay Interest due on Class B Notes 1. Credit Class B Principal Deficiency Ledger (if Class A notes redeemed) to eliminate any debit thereon 11. Pay Interest due on Class Z Loan 12. Credit Class Z Principal Deficiency Ledger (if Class A notes redeemed) to clear the debt thereon 13. Pay Interest due on Subordinated Loans 14. Pay Subordinated Loan Principal 15. Pay Deferred Consideration due to Sellers 16. Excess (if any) back to Issuer (b) Pre-Acceleration Payments of Principal 1. Payments of Principal on Class A Notes 2. Payments of Principal on Class B Notes 3. Payments of Principal on Class Z Loan 4. Excess (if any) applied as Available Revenue Receipts 3. CONVERSION OF MORTGAGES The Seller (for itself and on behalf of the Issuer and Issuer Security Trustee) may (but shall not be obliged to) agree to any request by any relevant Mortgage Borrower(s) to convert a Mortgage forming part of the Mortgage Portfolio (or, in the case of a default by a Mortgage Borrower, may (for itself and on behalf of the Issuer and the Issuer Security Trustee) elect to convert such Mortgage) to any other type (or combination of types) of Mortgage (the relevant Mortgage after such Conversion being herein referred to as a Converted Mortgage Loan) provided that the following conditions are satisfied: (a) the Conversion of such Mortgage is effected by such means as would be adopted at the relevant time by EBS were such Conversion in respect of a mortgage advanced by it which is not a Mortgage for the purpose of ensuring the validity and priority of the Converted Mortgage Loan; (b) prior to each type or combination of types of Conversion being made available to Mortgage Borrower(s), the Rating Agencies having been notified of the inclusion of such Converted Mortgage Loans in the Mortgage Portfolio and such notification not having resulted in a downgrade of the then current rating of the Class A Bonds, provided that such notification is not required where the Converted Mortgage Loan is of a type or combination of types included in the Mortgage Portfolio at the Amendment Date or which has been notified to the Rating Agencies after the Amendment Date; (c) no Relevant Event has occurred which has not been cured within the permitted grace periods and which is continuing and no Issuer Enforcement Notice has been served; (d) no Issuer Event of Default is continuing; (e) the Cash Manager is not aware that the current ratings of the Bonds then outstanding would be downgraded, withdrawn or qualified as a result of the relevant Conversion remaining in or forming part of the Mortgage Portfolio; (f) each Mortgage Loan and its Related Security which is the subject of a Conversion complies at the date of such Conversion with the Mortgage Warranties (as if references in the Mortgage Warranties to the Mortgage Loan are to the Converted Mortgage Loan ); (g) the yield on the Conversion is greater than 2.5 per cent. per annum and subject to all applicable laws, rules and guidelines relating to the Mortgages and to EBS; (h) the current principal balance of Buy-to-Let Loans divided by the current principal balance of the Mortgage Loans in the Mortgage Portfolio (considering such Conversion) is not more than 1% above the