We use cookies to track usage and preferences.
Cookies policy
Paragon_Logo
Home Investor news Investor terms Performance summary of PBG SPVs Investor reporting
Outstanding notes Paragon
PM25 PM24 PM23 PM22 PM15 PM14 FF7 PM13 PM12 PM11 PM10 PM9
Mortgage Trust
Pool factors Relevant documents Called securitisations
Paragon series
PM21 PM20 PM19 PM18 PM17 PM16 PM8 PM7 PM6 PM5 PM4 PM3 PM2 PM1
Homeloans series Consumer series Finance for People series First Flexible series Homer Finance series

First Flexible No.4 plc - July 2001

Issuer : First Flexible No.4 plc, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Closing Date : 26 July 2001
Originator : Mortgage Trust Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Notes Issued : Class A Class M Class B
Original Rating (S&P/Fitch): AAA/AAA A/A BBB/BBB
Current Rating (S&P/Fitch): AAA/AAA AA/AAA A/AA-
Original Notes : £460,000,000 £35,000,000 £5,000,000
Note Denominations : £10,000 £10,000 £10,000
Initial Margins : 27bp 85bp 180bp
Step Up Dates : July 2008 July 2008 July 2008
Step Up Margins : 54bp 170bp 280bp
Optional Redemption Dates : July 2008 July 2008 July 2008
Determination Dates : 8 business days prior to each Interest Payment Date
Monthly Interest Payment Dates: First business day of the month
Lead Manager : Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB
Servicer : Mortgage Trust Services plc, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Trustee : Bank of New York, 40thFloor, One Canada Square, London E14 5AL
Rating Agencies : Fitch Ratings Limited, 30 North Colonnade, London, E14 5GN
Standard & Poors, 20 Canada Square, Canary Wharf, London, E14 5LH
Principal Paying / Reference Agent : Bank of New York, 40thFloor, One Canada Square, London E14 5AL
Legal Advisors to the Issuer/Servicer : Lovells, 65 Holburn Viaduct, London, EC1A 2DY
Legal Advisors to the Lead Manager and Trustee : Weil, Gotshal & Manges, One South Place, London, EC2M 2WG
Auditors to the Issuer : KPMG Audit Plc, 1 The Embankment, Neville Street, Leeds, LS1 4DW
Underlying Assets : First Charged Residential Owner Occupied Mortgages and First Charged Residential Investment Home Loan Mortgages
Start Up Loan Provider : Mortgage Trust Services plc, 51 Homer Road, Solihull, West Midlands, B91 3QJ
SWAP Counterparty : Morgan Guaranty Trust Company of New York, 60 Victoria Embankment, London, EC4Y 0JP
Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB
The Royal Bank of Scotland PLC, 135 Bishopsgate, London, EC2M 3UR
Redraw Facility Provider : Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB (Facility cancelled on 3 March 2014)
GIC Provider : Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB
Substitution Period : July 2001 to July 2004
Click here to see your activities