Notice to Noteholders

RNS Number : 3220B

Silverstone Master Issuer PLC

19 September 2018

 

SILVERSTONE MASTER ISSUER PLC

£35,000,000,000 RESIDENTIAL MORTGAGE-BACKED NOTE ISSUANCE PROGRAMME

19 September 2018

NOTICE TO NOTEHOLDERS

NOTICE IS HEREBY GIVEN THAT on 17 September 2018 the Issuer made certain amendments to each Issuer Currency Swap Agreement and the Funding 1 Currency Swap Agreement to comply with, implement and/or reflect (as applicable) updates to the applicable rating criteria of Fitch (which was updated by Fitch on 23 May 2017) and the applicable rating criteria of Moody's (which was updated by Moody's on 26 July 2017) (the "Amendments").  The Amendments include (i) updating the Moody's and Fitch ratings triggers requiring collateral posting and replacement of the relevant swap provider and (ii) updating the collateral posting requirements following a Moody's or Fitch collateral posting trigger downgrade (including updating the volatility buffer component in respect thereof).

For further information, please contact:

Silverstone Master Issuer PLC

c/o Wilmington Trust SP Services (London) Limited

Third Floor

1 King's Arms Yard

London

EC2R 7AF

Telephone: [phone]

Alex Wall

Head of Capital, Ratings & Investor Relations

Nationwide Building Society

One Threadneedle Street

London EC2R 8AW

Tel:                  [phone]

E-mail:             [e-mail]

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in this announcement may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.

 

END

 

 

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