Information  X 
Enter a valid email address

ChesterAsstRecs2003C (80YA)

  Print      Mail a friend

Thursday 01 July, 2010

ChesterAsstRecs2003C

Notice of Discounting

RNS Number : 6670O
Chester Asset Rec. Deal. 2003-C PLC
01 July 2010
 

Chester Asset Receivables Dealings 2003-C Plc

(Company No. 04846229)

 

Registered Address

c/o Wilmington Trust, SP Services (London) Limited

Fifth Floor 6 Broad Street Place

London

EC2M 7JH

 

Relevant Series:


Series UK2003-C €621,000,000 Class A Asset Backed Floating Rate Notes scheduled to be redeemed in 2010

Series UK2003-C €35,500,000 Class B Asset Backed Floating Rate Notes scheduled to be redeemed in 2010

Series UK2003-C €49,500,000 Class C Asset Backed Floating Rate Notes scheduled to be redeemed in 2010

 

Notification of Application of Discount Percentage

Date: 1 July 2010

We have become aware that MBNA Europe Bank Limited as Transferor has nominated a Discount Percentage to apply to Principal Receivables assigned to the Receivables Trustee from (and including) 1 July 2010 to (and including) 30 April 2011. The nominated Discount Percentage is 5% reduced by 1% per Monthly Period commencing on the Monthly Period starting on 1 January 2011. MBNA Europe Bank Limited has informed us that the nomination of the Discount Percentage supersedes any previous discount percentages nominated. The assignment at a discount is expected to increase finance charge collections in UK Receivables Trust II and thereby increase the amount of yield available to existing issuances under UK Receivables Trust II.

The Servicer has informed us that details of the Discount Percentage applicable to the assignment of Principal Receivables and to Principal Collections for any given Monthly Period can be obtained from the relevant Monthly Servicer's Report.

 

For further information, please contact:
The Directors
Tel: 020 7614 1111


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUAASRRAABRAR

a d v e r t i s e m e n t