Transaction Update: Fosse Master Issuer PLC 2019-1

Fosse Master Issuer PLC is a socialist master trust established in December 2006. The seller sold loans and their related security to the mortgages trustee pursuant to a mortgage sale agreement. The mortgages are residential mortgages originated by Santander U.K. (formerly Alliance&Leicester/Abbey National/Bradford&Bingley) and secured over residential properties located in the U.K. The last series was issued in 2024 and was not rated by S&P Global Ratings. New Issue: Fosse Master Issuer PLC (Series 2019-1), Oct. 15, 2019

... posting trigger Santander UK PLC as Mortgages Trustee GIC account bank ICR: A/A-1 A-1/A (A+ if no S-T rating) Santander UK PLC as Funding 1 B GIC account bank, issuer bank account ICR: A/A-1 A-1/A (A+ if no S-T rating) Santander UK PLC as collection account ICR: A/A-1 ###/ A-2 Santander UK PLC as swap counterparty RCR: A+ A- ###+ Bank of New York Mellon as transaction account provider ICR: ##-/A-1+ A-1/A (A+ if no S-T rating) Note: We apply our bank branch criteria where applicable, considering the ratings on the parent company and the branch host sovereign. GIC--Guaranteed investment contract. ICR--Issuer credit rating. RCR--Resolution counterparty rating....

Transaction Update Report