Application of Discount Percentage (3716V)
January 11 2012 - 6:04AM
UK Regulatory
TIDM81CL
RNS Number : 3716V
Chester Asset Recs Deals 2004-1 PLC
11 January 2012
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: 11 January 2012
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 (and including) 1
January 2012 to (and including) 31 May 2012. The nominated Discount
Percentage is 5% reduced by 1% per Monthly Period commencing on the
Monthly Period starting on 1 February 2012. 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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