Notification of application of Discount Percentage (5999P)
October 05 2011 - 5:53AM
UK Regulatory
TIDM81CL
RNS Number : 5999P
Chester Asset Recs Deals 2004-1 PLC
05 October 2011
Chester Asset Receivables Dealings 2004-1 Plc
(Company No. 05018927)
Registered Address
c/o Wilmington Trust, SP Services (London) Limited
Fifth Floor 6 Broad Street Place
London
EC2M 7JH
Relevant Series:
Series UK2004-1 GBP440,000,000 Class A Asset Backed Floating
Rate Notes scheduled to be redeemed in 2014
Series UK2004-1 GBP25,000,000 Class B Asset Backed Floating Rate
Notes scheduled to be redeemed in 2014
Series UK2004-1 GBP35,000,000 Class C Asset Backed Floating Rate
Notes scheduled to be redeemed in 2014
Notification of Application of Discount Percentage
Date: 5 October 2011
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 October 2011 to (and including) 29 February 2012. The
nominated Discount Percentage is 5% reduced by 1% per Monthly
Period commencing on the Monthly Period starting on 1 November
2011. MBNA Europe Bank Limited has informed us that the nomination
of the Discount Percentage supersedes any previous discount
percentages nominated in respect of such period. 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
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