Investment in Seiza Warehouse Trust ("Seiza Warehouse")

GIL has an investment in three classes of notes issued by Seiza 2006-1 Trust with A$10.2 million in Class F notes, A$20.9 million in Class G notes and a further A$10.6 million in the senior net interest margin (“Senior NIM”) notes.  

Seiza 2006-1 Trust is a warehouse facility arranged by Royal Bank of Scotland to purchase residential and commercial mortgages originated by Seiza Mortgage Company Pty Limited.

The notes in Seiza 2006‑1 Trust are secured against a portfolio of registered first mortgages over Australian residential and commercial property.

The underlying mortgage collateral is serviced by Pepper Australia Pty Ltd.