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Finance for People (No. 3) PLC - June 1998

Issuer Finance for People (No.3)  PLC, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Closing Date June 1998
Originators Paragon Car Finance Limited, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Paragon Personal Finance Limited, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Universial Credit Limited, 6 Greencoat Place, London, SW1P 1PL
Paragon Dealer Finance Limited, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Notes Issued Class A Class B Class C
  £210,000,000 £70,000,000 £20,000,000
Margins 20bp 55bp 130bp
Step Up Dates 30 June 2004 30 June 2004 30 June 2004
Step Up Margins 50bp 125bp 300bp
Optional Redemption Dates 30 June 2001 30 June 2001 30 June 2001
Principal Determination Dates Nine days, or if earlier, 5 business days prior to the Interest Payment Date
Interest Payment Dates Last working day of June, September, December and March
Lead Manager J.P. Morgan Securities Ltd, 60 Victoria Embankment, London, EC4Y 0JP
Administrator Paragon Finance PLC, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Trustee Citicorp Trustee Company Limited, 336 Strand, London WC2R 1HB
Rating Agency Moody’s Investor Services Limited, 2 Minster Court, Mincing Lane, London, EC3R 7XB
Principal Paying / Reference Agent/Exchange Rate Agent Citibank N.A., 5 Carmelite Street, London, EC4Y 0PA
Legal Advisors to the Issuer/Administrator Slaughter and May, 35 Basinghall Street, London, EC2V 5DB
Legal Advisors to the Lead Managers and Trustee Sidley & Auston, 1 Threadneedle Street, London, EC2R 5DB
Auditors to the Issuer Deloitte & Touche, Colmore Gate, 2 Colmore Row, Birmingham, B3 2BN
Underlying Assets Car Loans, Unsecured Personal Loans and Dealer Stocking Loans
Subordinated Loan Provider Paragon Finance PLC, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Stand By Servicer Barclays Bank PLC, acting through Barclays Direct Loan Services (PO Box 49, Liverpool, L69 2LN)
SWAP Counterparty Morgan Guaranty Trust Company of New York, 60 Victoria Embankment, London, EC4Y 0JP