Source - RNS
RNS Number : 6393I
ELM BV
20 June 2017
 

20 June 2017

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 June 2017, 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 16 June 2017, the aggregate Credit Exposure Amount in respect of the Reference Securities in the Reference Portfolio was EUR 194,538,244. Further details are set out in the Schedule hereto[1]. As at 16 March 2017, as set out in the preceding Notice of Reference Security Valuations in relation to the Interest Payment Date falling on or about 17 March 2017, the aggregate Credit Exposure Amount in respect of the Reference Securities in the Reference Portfolio was EUR 221,537,384.

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

582,312

ASTIF 1 A

IT0003966477

1,044,054

AUBN 4 A2

XS0202810064

6,371,109

AUBN 5 A2

XS0228779764

11,989,376

AYTPI III A

ES0312379003

3,612,456

BCJAF 7 A2

ES0312886015

5,726,686

BCJAM 2 A

ES0361795000

4,469,938

CLARF 2005 A

IT0003879217

1,727,254

DOURM 1 A

XS0236179270

6,720,051

E-MAC DE05-I A

XS0221900243

829,722

E-MAC NL04-I A

XS0188806870

4,978,787

E-MAC NL04-II A

XS0207208165

6,088,015

E-MAC NL05-3 A

XS0236785431

9,673,226

E-MAC NL05-I A

XS0216513118

5,902,241

HIPO HIPO-8 A2

ES0345784013

6,698,119

LUSI 3 A

XS0206050147

8,612,714

LUSI 4 A

XS0230694233

9,285,668

MAGEL 3 A

XS0222684655

8,107,379

MONAS 2004-I A2

XS0201262309

5,975,183

PARGN 10X A2B

XS0235419800

32,340,000

PARGN 9X AB

XS0224728286

9,848,144

RHIPO 7 A1

ES0366366005

6,252,082

RMAC 2005-NS1X A2C

XS0212189103

3,194,710

RMAC 2005-NS3X A2A

XS0230220443

6,284,092

RMS 21X A3A

XS0230925736

3,943,540

RMS 21X A3C

XS0230942665

3,944,186

SABA 1 A2

ES0316874017

5,294,058

TDAC 4 A

ES0377991007

5,065,841

TDAC 5 A

ES0377992005

8,290,369

VELAH 3 A

IT0003933998

1,686,912


Total

194,538,224

 

* 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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