Source - RNS
RNS Number : 6090K
ELM BV
22 September 2016
 

22 September 2016

ELM B.V. Series 41 EUR 200,000,000 Floating Rate Credit Linked Secured Notes due 2056 (ISIN: XS0247902587) (the "Notes")

NOTICE OF REFERENCE SECURITY VALUATIONS

Reference is made to the Notes. Any capitalised term not otherwise defined in this notice will have the meaning, if any, assigned to such term in the terms and conditions of the Notes.

Notice is hereby given to Noteholders of the following:

1.   In respect of the Interest Payment Date falling on or about 17 September 2016, dealer polls were conducted when UBS AG, London Branch attempted to obtain Full Quotations from Selected Dealers in its capacity as Calculation Agent and obtained a Final Price in respect of each Reference Security in the Reference Portfolio and for which a Credit Event Determination Date has not occurred. No Full Quotations were obtained from any of the Selected Dealers in respect of any such Reference Security and therefore a Final Price of zero was determined as a result of such dealer polls in respect of each such Reference Security. The consequent Valuation of each such Reference Security is zero.

2.   The aggregate of the Valuations obtained in such dealer poll is zero.

3.   The aggregate of the Valuations so obtained is less than the aggregate nominal amount of the Reference Securities comprising the Reference Portfolio. Therefore no Call Valuation Event has occurred. 

For your information, as at 20 September 2016, the aggregate Credit Exposure Amount in respect of the Reference Securities in the Reference Portfolio was EUR 242,472,814. Further details are set out in the Schedule hereto[1].

For and on behalf of

ELM B.V.

Prins Bernhardplein 200
1097 JB Amsterdam
The Netherlands

Attn:     The Managing Director          
Fax:     +31 20 521 4888
Tel:      +31 20 521 4838

 

 

SCHEDULE

 

REFERENCE SECURITY

ISIN

CREDIT EXPOSURE AMOUNT (EUR)*

ARGOM 2 A

IT0003694129

                         1,111,036

ASTIF 1 A

IT0003966477

                         1,506,315

AUBN 4 A2

XS0202810064

                         7,079,711

AUBN 5 A2

XS0228779764

                       13,163,674

AYTPI III A

ES0312379003

                         4,235,140

BCJAF 7 A2

ES0312886015

                         6,337,996

BCJAM 2 A

ES0361795000

                         4,739,330

CLARF 2005 A

IT0003879217

                         2,186,561

CRSM 9 A2

XS0235753299

                       16,994,860

DOURM 1 A

XS0236179270

                         7,298,777

E-MAC DE05-I A

XS0221900243

                         1,945,037

E-MAC NL04-I A

XS0188806870

                         5,601,795

E-MAC NL04-II A

XS0207208165

                         6,808,433

E-MAC NL05-3 A

XS0236785431

                       10,736,735

E-MAC NL05-I A

XS0216513118

                         6,722,830

HIPO HIPO-8 A2

ES0345784013

                         7,588,157

LUSI 3 A

XS0206050147

                         9,375,948

LUSI 4 A

XS0230694233

                       10,147,868

MAGEL 3 A

XS0222684655

                         8,686,815

MARS3 3 A1A

XS0214916081

                         1,936,577

MARS3 3 A1B

XS0214916917

                         1,936,577

MONAS 2004-I A2

XS0201262309

                         6,927,790

PARGN 10X A2B

XS0235419800

                       32,340,000

PARGN 9X AB

XS0224728286

                       10,291,823

PELIC 2 A

XS0177081634

                         3,070,827

RHIPO 7 A1

ES0366366005

                         7,081,525

RMAC 2005-NS1X A2C

XS0212189103

                         3,399,869

RMAC 2005-NS3X A2A

XS0230220443

                         6,690,875

RMS 19X A2A

XS0203538052

                            791,683

RMS 19X A2C

XS0203542088

                            792,977

RMS 20X A2A

XS0213175788

                         2,802,584

RMS 21X A3A

XS0230925736

                         4,290,224

RMS 21X A3C

XS0230942665

                         4,290,871

SABA 1 A2

ES0316874017

                         6,321,985

TDAC 4 A

ES0377991007

                         5,834,443

TDAC 5 A

ES0377992005

                         9,069,591

VELAH 3 A

IT0003933998

                         2,335,575


Total

242,472,814

* Note that the outstanding principal amount of the Notes is EUR 84,000,000.

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 

 

 



[1] In accordance with the terms of the Notes, further to the Credit Event Determination Date in respect of Deco 6 - UK Large Loan plc ("Deco"), Deco and the Class A2 Notes issued by Deco (ISIN: XS0235683223) (the "Deco Notes") are deemed to be removed from the Reference Portfolio.


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