Investor Presentaiton
Bank of Ireland Mortgage Bank ACS
Table 1 Cover Pool Summary
Sep-15 Dec-15
Mar-16
Jun-16
Total property valuation (bn)
€22.0
€22.3
€22.1
€21.7
Aggregate balances
of the mortgages (bn)
€11.5
€11.2
€10.9
€10.7
Weighted average indexed LTV
76.4%
73.7%
72.7%
71.9%
% of accounts in arrears
(≥ 3 months)
0.00%
0.01%
0.02%
0.02%
Table 2 Bond Summary
Sep-15
Dec-15
Mar-16
Jun-16
Value of bonds (bn)
€8.7
€7.4
€6.7
Nominal overcollateralisation
47%
68%
78%
€7.7
54%
Prudent market value
of mortgages (bn)
€10.1
€10.1
€9.9
€9.7
Qualified substitution assets (bn)
€1.3
€1.1
€1.0
€1.2
Prudent market value of cover
pool (bn)
Legislative overcollateralisation
€11.5
€11.2
€10.9
€10.8
32%
52%
62%
41%
Bank of Ireland Group
Key Features of Bank of Ireland Mortgage
Bank ACS
100% Irish residential mortgages
Cover pool marked to market at intervals not
exceeding 3 months using Central Statistics Office
(CSO) Residential Property Price Index
Strong overcollateralisation (OC) - min contractual
OC of 5% and min legislative OC of 3% (both on a
prudent market value basis)
►BOIMB policy to remove non-performing assets
(payment due ≥ 3 months) from the pool on a
quarterly basis
Compliance with cover pool obligations monitored
by independently regulated Cover Assets Monitor
Pre-defined process in event of insolvency
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