Preliminary ratings Class Preliminary rating(i) Initial interest rate(ii) Preliminary amount ($) Credit enhancement (%)(iii) Class type A-1FCF AAA (sf) Fixed(iv)(v) 115,500,000 19.57 Senior/sequential/initial exchangeable A-1LCF AAA (sf) Fixed(iv)(v) 38,500,000 19.57 Senior/sequential/initial exchangeable A-1 AAA (sf) Fixed(iv)(vi) 154,000,000 19.57 Senior/exchangeable/MACR(vi) A-1-A AAA (sf) Fixed(iv)(v) 134,850,000 29.57 Senior/pro rata/initial exchangeable A-1-B AAA (sf) Fixed(iv)(v) 19,150,000 19.57 Senior/pro rata/initial exchangeable A-2 AA- (sf) Fixed(v) 20,353,000 14.25 Senior/sequential/initial exchangeable A-3 A- (sf) Fixed(v) 20,104,000 9.00 Senior/sequential/initial exchangeable M-1 BBB- (sf) Net WAC 13,402,000 5.50 Mezzanine/sequential/initial exchangeable B-1 BB- (sf) Net WAC 9,764,000 2.95 Subordinate/sequential/initial exchangeable B-2 B- (sf) Net WAC 6,510,000 1.25 Subordinate/sequential/initial exchangeable B-3 NR Net WAC(vii) 4,786,938 0.00 Subordinate/sequential/initial exchangeable A-IO-SNR (viii) Notional(ix) N/A Excess servicing strip/initial exchangeable XS NR (x)
