SMILE Securitisation Company 2007 B.V.

NOTICE

 

This notice comprises regulated information within the meaning of the Dutch Act on Financial

Supervision (Wet op het financieel toezicht). If you are in any doubt as to the action you should take, you are recommended to seek your own financial, legal or other advice immediately from your stockbroker, bank manager, legal advisor, accountant or other appropriately authorised independent financial adviser

 

 

SMILE Securitisation Company 2007 B.V.

(the "Issuer")

 

Notice is hereby given with respect to notes of the following classes:

 

Euro 4,563,564,000 Senior Class A Asset-Backed Notes due 2053,

ISIN: NL0000169142

(the "Senior Class A Notes")

Euro 98,141,000 Mezzanine Class B Asset-Backed Notes due 2053,

ISIN: XS0288450736

(the "Mezzanine Class B Notes")

Euro 73,606,000 Mezzanine Class C Asset-Backed Notes due 2053,

ISIN: XS0288453599

(the "Mezzanine Class C Notes")

Euro 73,606,000 Junior Class D Asset-Backed Notes due 2053,

ISIN: XS0288455370

(the "Junior Class D Notes")

Euro 83,420,000 Subordinated Class E Asset-Backed Notes due 2053,

ISIN: XS0288455883

(the "Subordinated Class E Notes")

Euro 14,721,000 Subordinated Class F Asset-Backed Notes due 2053,

ISIN: XS0288456345

(the "Subordinated Class F Notes")

 

Amsterdam ,   20 March 2013

 

NOTICE:

 

Notice is hereby given of the following. One of the Pool Servicers has informed the Issuer that:

1.    In the Monthly Calculation Period of May 2011, two Receivables with respect to the same Borrower, have been erroneously reported as fully redeemed. The aggregate Outstanding Principal Amount of these Receivables amounts to EUR 6,138,750.- on this date;

2.    On the Monthly Payment Date falling in June 2011, the relevant Pool Servicer transferred an amount equal to the aggregate Outstanding Principal Amount of the Receivables to the Issuer;

3.    On or about 20 June 2011 the Issuer applied the amounts received towards redemption of the Senior Class A Notes as Sequential Redemption Available Amount;

4.    In the Monthly Calculation Period of May 2010, the two Receivables have become Defaulted Receivables.

5.    The Issuer, together with the Security Trustee, the relevant Pool Servicer, and the Issuer Administrator have agreed to subtract an amount equal to the aggregate Outstanding Principal Amount of the relevant defaulted receivables from the Notes Redemption Available Amount item (iii) and apply this amount to reverse the undue payment.

 

ATC Management B.V.

Director

Fred. Roeskestraat 123

1076 EE Amsterdam

The Netherlands

Notice on DBNL Defaulted Loans