Dunmore Securities No. 1 Designated Activity Company

Report Date 15-Jun-21

Interest Period Start Date 15-Mar-21

Interest Period End Date 15-Jun-21

Next Interest Payment Date 15-Sep-21

Previous Interest Payment Date 15-Mar-21

Collection Period Start Date 01-Mar-21

Collection Period End Date 31-May-21

Name Tel

Treasury Contact Patrick Passmore +353 1 608 5000

Investor Relations Contact Paul Pybus +44 (0)20 7678 1800

Prospectus / Investor Reports

ECB Loan Level Data

Rating Trigger Current Rating Rating Trigger Current Rating

Issuer N/A N/A N/A N/A

Trustee N/A N/A N/A N/A

Account Bank LTA AAH ST F1 / LT A F1+ / AA

Principal Paying Agent & Agent Bank N/A N/A N/A N/A

Registrar N/A AAH N/A F1+ / AA

Cash Manager N/A N/A N/A A+

Seller & Servicer N/A N/A N/A BBB+

Corporate Services Provider &

Replacement Servicer FacilitatorN/A N/A N/A N/A

Subordinated Loan Provider & Servicer

Advance Facility ProviderN/A N/A N/A BBB+

Collection Account Bank N/A N/A N/A BBB+Ulster Bank Ireland Designated Activity Company Ulster Bank Group Centre, George's Quay, Dublin 2, Ireland

Ulster Bank Ireland Designated Activity Company Ulster Bank Group Centre, George's Quay, Dublin 2, Ireland

CSC Capital Markets (Ireland) Limited 3rd Floor Fleming Court, Fleming's Place, Dublin 4, Ireland

Ulster Bank Ireland Designated Activity Company Ulster Bank Group Centre, George's Quay, Dublin 2, Ireland

The Bank of New York Mellon, London Branch One Canada Square, London E14 5AL

The Bank of New York Mellon SA/NV, Luxembourg Branch Vertigo Building - Polaris 2-4, rue Eugène Ruppert L-2453, Luxembourg

National Westminister Bank Plc 250 Bishopsgate, London EC2M 4AA

Dunmore Securities No. 1 Designated Activity Company 3rd Floor Fleming Court, Fleming Place, Dublin 4, Ireland

BNY Mellon Corporate Trustee Services Limited One Canada Square, London E14 5AL

The Bank of New York Mellon SA/NV, Dublin Branch 4th Floor, Hanover Building, Windmill Lane, Dublin 2, Ireland

https://eurodw.eu/

Counterparties and Ratings

DBRS Fitch

Counterparty / Counterparties Address

[email protected] George's Quay, Dublin 2

[email protected] 250 Bishopsgate, London, EC2M 4AA

Documents and Data Sources

https://investors.rbs.com/fixed-income-investors/securitisation/residential-mortgages-dunmore.aspx

Dunmore Securities No. 1 Designated Activity Company

Quarterly Investor Report - June 2021

Transaction Details

Contacts

E-mail

Address

mailto:[email protected]

mailto:[email protected]

Closing Pool Factor 0.6771 1.0000 1.0000

The Seller retains no less than 5 per cent. of the nominal value of the securitised exposures as at the Closing Date in accordance with paragraph (d) of Article 405(1) of the CRR, Article 51 of AIFMR, and Article 254 of the Solvency II Regulation in compliance with the risk

retention undertaking contained in the Mortgage Sale Agreement

Cumulative Principal Distribution 559,202,030.42 0.00 0.00

Closing Principal Balance 1,172,369,969.58 474,154,000 100,000

Opening Pool Factor 0.7038 1.0000 1.0000

Current Period Principal Redemption 46,310,195.74 0.00 0.00

Cumulative Deferred Interest 0.00 25,798,929.63 N/A

Opening Principal Balance 1,218,680,165.32 474,154,000 100,000

Current Period Coupon Paid 0.00 4,824,459.57 N/A

Interest on Deferred Interest 0.00 342,577.20 N/A

Applicable Coupon Rate 0.000% 5.750% N/A

Current Period Scheduled Coupon 0.00 6,967,429.61 N/A

Interest Reference Rate Three-Month EURIBOR N/A N/A

Margin (bps) 45 N/A N/A

Current Ratings (Fitch/DBRS) AAA / AAA N/A N/A

Payment Frequency Quarterly Quarterly Quarterly

Days Accrued 92 92 92

Original Ratings (Fitch/DBRS) AAA / AAA N/A N/A

Final Maturity Date 15/06/2066 15/06/2066 15/06/2066

Step up date N/A N/A N/A

Currency EUR EUR EUR

Issuance Size 1,731,572,000 474,154,000 100,000

Identifier (ISIN) XS1916006577 XS1916006650 XS1916006817

Stock Exchange Listing Irish Stock Exchange Irish Stock Exchange Irish Stock Exchange



Note Summary

Tranche A Z X

Available Revenue Receipts Data 1

Data 1

(k) Class X Payment - -

Total 5,579,362.45 5,254,108.24

(i) Interest due on Subordinated Loan and Servicer Advance Facility - -

(j) Principal due on Subordinated Loan and Servicer Advance Facility - -

(g) Class Z PDL - 1,536,325.86

(h) Interest due on Class Z Notes 4,824,459.57 2,932,822.60

(e) Class A PDL - -

(f) General Reserve Ledger Credit - -

(c) Issuer Profit Amount 300.00 300.00

(d) Interest due on Class A Notes - -

(a) Trustee Fees 2,000.00 -

(b) Senior Expenses 752,602.88 784,659.78

Total 5,579,362.45 5,254,108.24

Revenue Priority of Payments

Current Period (EUR) Previous Period (EUR)

(j) Reconciliation Amount following a Determination Period - -

(k) Subordinated Loan Excess on Second Interest Payment Date - -

(h) Drawings under Servicer Advance Facility - -

(i) Other income - -

(f) Principal Receipts in accordance with item (a) of Pre-Enforcement Principal Priority of Payments - -

(g) Principal Receipts in accordance with item (e) of Pre-Enforcement Principal Priority of Payments - -

(d) General Reserve Fund withdrawal to cover Revenue Shortfall - -

(e) General Reserve Ledger Residual Amounts - -

(b) Revenue Receipts 5,579,362.45 5,254,108.24

(c) Principal Deficiency Excess Revenue Amounts - -



Current Payment Date Information


(a) Interest on the Transaction Account and income from Authorised Investments - -

Available Principal Receipts

% of Rated Notes 2.95% 2.84%

General Reserve Fund C/F 34,631,440.00 34,631,440.00

% of Class A Notes 2.95% 2.84%

Drawings in Period - -

Credit Received from Revenue Priority of Payments - -

General Reserve Fund Required Amount 34,631,440.00 34,631,440.00

General Reserve Fund B/F 34,631,440.00 34,631,440.00

Total 46,310,195.74 51,143,072.07

Reserves Summary

General Reserve Fund


(d) X Note Principal - -

(g) Available Revenue Receipts - -

(b) A Note Principal 46,310,195.74 51,143,072.07

(c) Z Note Principal - -

Principal Priority of Payments


(a) Further Class A Shortfall Application - -

(ii) Less: the amount used during the immediately preceding collection period to fund any Further Advances (100,000.00) -

Total 46,310,195.74 51,143,072.07

(d) Pre-Funding Ledger amount on the Additional Mortgage Portfolio Longstop Date - -

(i) Less: Principal Deficiency Excess Revenue Amounts - -

(b) Amounts to be credited to the Principal Deficiency Ledger - 1,536,325.86

(c) Reconciliation Amount following Determination Period - -




(a) Principal Receipts 46,410,195.74 49,606,746.21

Subordinated Loan and Servicer Advance Facility

Loan Principal C/F 35,631,440.00 35,631,440.00

Interest Amount C/F 2,859,729.27 2,566,875.51

Interest on B/F Principal in Current Period 273,174.37 267,235.80

Interest on B/F Interest in Current Period 19,679.38 17,118.91

Loan Principal B/F 35,631,440.00 35,631,440.00

Interest Amount B/F 2,566,875.51 2,282,520.81

Closing Balance (224,274.72) -


Loan Facility Amount 1 39,131,440.00 39,131,440.00

Cure Debit Entries of Pre-Enforcement Revenue Priority of Payments - 1,536,325.86

Principal Deficiency Excess Revenue Amount - -

Aggregate Warehoused Mortgage Account Amount - -

Aggregate Provisional Arrears Allocation (224,274.72) (1,536,325.86)

Losses - -

Further Class A Shortfall remedy - -

Principal Deficiency Ledger Breakdown


Opening Balance - -


Class Z Note 224,274.72 -

Class A Note - -



Principal Deficiency Ledger

Data 1 Unique_ID

Current LTV Indexed LTV Mortgage Size Seasoning Remaining Term Months in Arrears

- - 40.40 0.39 - -

51.50% 60.20% 194,358.24 156.45 18.73 0.10

90.00% 115.18% 1,169,229.74 179.05 39.93 41.64

3 Month Euribor -0.5420% -0.5430%

Weighted average interest rate on Mortgage Portfolio 1.2622% 1.2750%

Standard Variable Rate 4.3000% 4.3000%

Standard Variable Rate Floor 1.9580% 1.9570%

01/03/2021 - 31/03/2021 0.93% 10.65%

Rates

Current Period Previous Period

Annualised

01/05/2021 - 31/05/2021 0.72% 8.31%

01/04/2021 - 30/04/2021 0.73% 8.39%

Performance Indicators

Minimum

Weighted Average

Maximum

Constant Payment Rate

Monthly

Losses and Provisional Arrears Allocation applied to PDL - (1,536,325.86)

Mortgage Assets C/F ³ 1,646,623,394.69 1,692,933,590.43

Further Advance 100,000.00 -

Other Movements 167,131.19 53,143.59

Unscheduled Redemptions (14,168,482.87) (13,258,732.53)

Repurchases / Top-up² (6,209,822.37) (13,170,008.25)

Mortgage Assets B/F 1,692,933,590.43 1,744,076,662.50

Scheduled Redemptions (26,199,021.69) (23,231,149.02)



Portfolio Characteristics

Mortgage Principal Analysis


Sort Order 1

Number of Mortgage LoansNumber of Mortgage Loans

(%)Amount (EUR) % of total amount

Current 12,972 98.27% 1,617,105,811.29 97.87%

>0 - <1 Months In Arrears 85 0.64% 12,042,371.06 0.73%

>=1 - <2 Months In Arrears 56 0.42% 7,769,871.42 0.47%




>=9 - <12 Months In Arrears 3 0.02% 696,602.18 0.04%

>=12 Months in Arrears 20 0.15% 4,335,025.96 0.26%

Total 13,200 100.00% 1,652,295,208.25 100.00%

Current Period Current >0 - <1 Months In Arrears >=1 - <2 Months In Arrears >=2 - <3 Months In Arrears >=3 - <6 Months In Arrears >=6 - <9 Months In Arrears >=9 - <12 Months In Arrears >=12 Months in Arrears Total

Current 12,906 36 23 1 2 1 3 - 12,972

>0 - <1 Months In Arrears 44 34 7 - - - - - 85

>=1 - <2 Months In Arrears 23 9 20 2 1 1 - - 56

>=2 - <3 Months In Arrears 3 7 8 8 3 - 1 - 30

>=3 - <6 Months In Arrears 1 5 3 8 10 1 - - 28

>=6 - <9 Months In Arrears - - - - 5 1 - - 6

>=9 - <12 Months In Arrears - - - - - 2 1 - 3

>=12 Months in Arrears - - - - - 2 1 17 20

Total 12,977 91 61 19 21 8 6 17 13,200



Stratifications

Arrears Breakdown

Arrears Transitions

Previous Period

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Current 0 - 1 m 1 - 2 m 2 - 3 m 3 - 6 m 6 - 9 m 9 - 12 m 12 + m

Arrears Breakdown

Current LTV


(%)Amount (EUR) % of Total Amount

Less than 10% 2,034 15.41% 20,562,533.74 1.24%

Over 10% - 20% 1,061 8.04% 65,577,038.23 3.97%

Over 20% - 30% 1,424 10.79% 136,070,241.12 8.24%

Over 30% - 40% 1,623 12.30% 197,274,670.80 11.94%

Over 40% - 50% 1,892 14.33% 280,167,456.24 16.96%

Over 50% - 60% 1,880 14.24% 318,384,945.51 19.27%

Over 60% - 70% 2,264 17.15% 424,281,291.81 25.68%

Over 70% - 80% 943 7.14% 191,763,029.83 11.61%

Over 80% - 90% 79 0.60% 18,214,000.97 1.10%

Over 90% - 95% - 0.00% - 0.00%

Over 95% - 100% - 0.00% - 0.00%

Over 100% - 0.00% - 0.00%

Total 13,200 100.00% 1,652,295,208.25 100.00%

Current Indexed LTV



< 50% 6,909 52.34% 512,868,744.40 31.04%1

50-55% 804 6.09% 117,728,929.11 7.13%2

55-60% 803 6.08% 125,518,807.77 7.60%3

60-65% 852 6.45% 136,983,421.47 8.29%4

65-70% 775 5.87% 134,043,899.52 8.11%5

70-75% 750 5.68% 138,950,778.36 8.41%6

75-80% 809 6.13% 156,734,934.34 9.49%7

80-85% 743 5.63% 149,837,438.78 9.07%8

85-90% 456 3.45% 104,517,325.24 6.33%9

90-95% 191 1.45% 47,433,663.09 2.87%10

95-100% 74 0.56% 18,155,397.83 1.10%

100-105% 25 0.19% 7,156,709.23 0.43%

105-110% 8 0.06% 2,194,159.11 0.13%

110-125% 1 0.01% 171,000.00 0.01%

125-140% - 0.00% - 0.00%

140-155% - 0.00% - 0.00%

155-170% - 0.00% - 0.00%

170%+ - 0.00% - 0.00%12

Total 13,200 100.00% 1,652,295,208.25 100.00%13



0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

< 10% 10-20% 20-30% 30-40% 40-50% 50-60% 60-70% 70-80% 80-90% 90-95% 95 - 100% 100% +

Current LTV

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

Current Indexed LTV

Current Mortgage Size



< 5,000 1,367 10.36% 334,539.29 0.02%

5,001-10,000 183 1.39% 1,394,141.52 0.08%

10,001-25,000 638 4.83% 10,993,095.35 0.67%

25,001-50,000 913 6.92% 34,368,725.23 2.08%

50,001-75,000 1,045 7.92% 65,824,507.20 3.98%

75,001-100,000 1,293 9.80% 114,133,622.10 6.91%

100,001-150,000 2,967 22.48% 371,356,681.70 22.48%

150,001-200,000 2,357 17.86% 408,081,534.27 24.70%

200,001-250,000 1,416 10.73% 313,422,096.95 18.97%

250,001-300,000 560 4.24% 151,638,869.92 9.18%

300,001-350,000 216 1.64% 69,392,121.52 4.20%

350,001-400,000 92 0.70% 34,168,751.16 2.07%

400,001-450,000 68 0.52% 28,845,554.48 1.75%

450,001-500,000 28 0.21% 13,270,195.92 0.80%

500,001-600,000 37 0.28% 20,088,152.32 1.22%

600,001-700,000 12 0.09% 7,842,134.42 0.47%

700,001-800,000 2 0.02% 1,507,669.06 0.09%

800,001-900,000 3 0.02% 2,534,641.78 0.15%

900,001-1,000,000 1 0.01% 920,865.43 0.06%

1,000,001 + 2 0.02% 2,177,308.63 0.13%

Total 13,200 100.00% 1,652,295,208.25 100.00%

Mortgage Size at Origination



< 5,000 117 1.04% 98,911.57 0.01%

5,001-10,000 69 0.61% 546,019.18 0.03%

10,001-25,000 552 4.89% 9,784,164.69 0.57%

25,001-50,000 861 7.64% 32,186,485.55 1.89%

50,001-75,000 819 7.26% 51,357,588.78 3.01%

75,001-100,000 1,007 8.93% 88,263,623.33 5.17%

100,001-150,000 2,609 23.14% 327,810,855.90 19.22%

150,001-200,000 2,340 20.75% 406,528,300.60 23.83%

200,001-250,000 1,528 13.55% 340,074,375.59 19.94%

250,001-300,000 747 6.62% 202,586,563.75 11.88%

300,001-350,000 298 2.64% 96,000,020.13 5.63%

350,001-400,000 135 1.20% 50,163,898.90 2.94%

400,001-450,000 72 0.64% 30,509,333.92 1.79%

450,001-500,000 47 0.42% 22,250,426.29 1.30%

500,001-600,000 39 0.35% 21,036,440.96 1.23%

600,001-700,000 22 0.20% 14,106,119.41 0.83%

700,001-800,000 7 0.06% 5,291,641.13 0.31%

800,001-900,000 5 0.04% 4,158,703.25 0.24%

900,001-1,000,000 1 0.01% 954,861.10 0.06%

1,000,001 + 2 0.02% 2,117,091.07 0.12%

Total 11,277 100.00% 1,705,825,425.10 100.00%



0%

5%

10%

15%

20%

25%

30%

< 5k 5k -10k

10k -25k

25k -50k

50k -75k

75k -100k

100k -150k

150k -200k

200k -250k

250k -300k

300k -350k

350k -400k

400k -450k

450k -500k

500k -600k

600k -100k

700k -800k

800k -900k

900k -1m

1m +

Current Mortgage Size

0%

5%

10%

15%

20%

25%

30%

< 5k 5k - 10k10k - 25k25k - 50k50k - 75k75k - 100k100k - 150k150k - 200k200k - 250k250k - 300k300k - 350k350k - 400k400k - 450k450k - 500k500k - 600k600k - 100k700k - 800k800k - 900k900k - 1m1m +

Mortgage Size at Origination

Regional Distribution



Border 1,511 11.45% 145,861,067.96 8.83%1

Dublin 4,133 31.31% 649,648,928.77 39.32%2

Mid-East 1,833 13.89% 241,799,171.95 14.63%3

Mid-West 1,220 9.24% 121,682,310.30 7.36%4

Midland 912 6.91% 97,668,583.74 5.91%5

South-East (IE) 1,062 8.05% 115,861,711.47 7.01%6

South-West (IE) 1,477 11.19% 172,311,525.58 10.43%7

West 1,052 7.97% 107,461,908.48 6.50%8

Total 13,200 100.00% 1,652,295,208.25 100.00%

Number of Mortgage Loans Amount (EUR) % of Total Amount Number of Mortgage Loans Amount (EUR) % of Total Amount Number of Mortgage Loans Amount (EUR) % of Total Amount

Fixed Rate 708 83,258,497.63 5.04% 727 87,127,958.79 5.13% 720 93,884,747.57 5.50%

SVR 809 62,848,500.61 3.80% 818 67,381,486.45 3.97% 844 95,488,331.31 5.60%

ECB Tracker 11,683 1,506,188,210.01 91.16% 11,690 1,544,095,958.75 90.90% 9,713 1,516,452,346.22 88.90%

Other - - - - - - - - 0.00%

Total 13,200 1,652,295,208.25 100.00% 13,235 1,698,605,403.99 100.00% 11,277 1,705,825,425.10 100.00%

Number of Mortgage Loans Amount (EUR) % of Total Amount Number of Mortgage Loans Amount (EUR) % of Total Amount

Fixed Rate to New Fixed Rate 135 17,958,137.98 1.09% 7 1,207,337.36 0.07%

Conversion to Fixed Rate 32 4,422,292.13 0.27% 24 3,815,876.82 0.22%

Conversion from Fixed Rate 23 2,167,302.13 0.13% 2 256,757.67 0.02%

ECB Tracker to SVR /

SVR to ECB Tracker - - 0.00% - - 0.00%

Other 1 118,078 0.01% - - 0.00%

Payment Break (Current)4 12 1,655,463 0.10% 18 2,085,841.97 0.13%

Repayment Type



Repayment 13,130 99.47% 1,637,935,274.28 99.13%

Interest Only 70 0.53% 14,359,933.97 0.87%

Total 13,200 100.00% 1,652,295,208.25 100.00%

Product Rate Type and Reversionary Profiles

Current Period Previous Period Issuance

Product Switch and Payment Break

Current Period Previous Period



Border 8.83%

Dublin 39.32%

Mid-East 14.63%

Mid-West 7.36%

Midland 5.91%

South-East (IE) 7.01%

South-West (IE) 10.43%

West 6.50%

Regional Distribution

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Repayment Interest Only

Seasoning



<=12 months 16 0.12% 759,703.88 0.05%1

12-24 months 23 0.17% 1,627,162.63 0.10%2

24-36 months 84 0.64% 7,468,623.83 0.45%3

36-48 months 321 2.43% 36,563,196.88 2.21%4

48-60 months 250 1.89% 29,694,067.16 1.80%5

60-72 months 161 1.22% 14,221,154.95 0.86%6

72-84 months 48 0.36% 2,543,383.16 0.15%7

84-96 months 159 1.20% 9,994,243.94 0.60%8

96-108 months 122 0.92% 5,909,615.97 0.36%9

108-120 months 16 0.12% 974,029.62 0.06%10

120-150 months 258 1.95% 23,712,709.55 1.44%11

150-180 months 11,742 88.95% 1,518,827,316.68 91.92%12

180+ months - 0.00% - 0.00%13

Total 13,200 100.00% 1,652,295,208.25 100.00%

Occupancy Type



Owner-occupied 11,925 90.34% 1,506,180,042.90 91.16%1

Buy-to-Let 1,275 9.66% 146,115,165.35 8.84%

Other - 0.00% - 0.00%

Total 13,200 100.00% 1,652,295,208.25 100.00%

Loan Purpose Type



House Purchase 8,565 64.89% 1,199,717,286.68 72.61% 1

Remortgage 2,670 20.23% 306,028,838.74 18.52%

Combination 394 2.98% 38,020,354.12 2.30%

Renovation 553 4.19% 20,839,981.83 1.26%

Debt Consolidation 524 3.97% 47,313,813.09 2.86% 2

Remortgage on Different Terms 364 2.76% 30,853,641.42 1.87%

Other 130 0.98% 9,521,292.37 0.58% 3

Total 13,200 100.00% 1,652,295,208.25 100.00%

Income Verification



Fully Certified 13,200 100.00% 1,652,295,208.25 100.00%

Self Certified - 0.00% - 0.00%

Total 13,200 100.00% 1,652,295,208.25 100.00%



House Purchase 72.61%

Remortgage 18.52%

Combination 2.30%

Renovation 1.26%

Debt Consolidation 2.86%

Remortgage on Different Terms 1.87%

Other 0.58%

Loan Purpose Type

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

<= 12m 12-24m 24-36m 36-48m 48-60m 60-72m 72-84m 84-96m 96-108m 108-120m 120-150m 150-180m 180m +

Seasoning

Remaining Term of Loan

Number of Mortgage LoansNumber of Sub Accounts


<= 1 year 337 2.55% 1,247,394.12 0.08%1

1 - 2 years 227 1.72% 2,775,645.83 0.17%2

2 - 5 years 474 3.59% 16,559,468.23 1.00%3

5 - 10 years 1,702 12.89% 111,770,121.37 6.76%4

10 - 15 years 2,975 22.54% 326,555,095.42 19.76%5

15 - 20 years 2,425 18.37% 327,735,774.89 19.84%6

20 - 25 years 2,990 22.65% 494,868,476.85 29.95%7

25 - 30 years 2,044 15.48% 365,277,299.73 22.11%8

> 30 years 26 0.20% 5,505,931.81 0.33%

Total 13,200 100.00% 1,652,295,208.25 100.00%

Employment Status



Employed 11,658 88.32% 1,467,535,339.40 88.82%1

Self-employed 1,442 10.92% 177,645,302.71 10.75%2

Pensioners 26 0.20% 1,524,537.17 0.09%4

Other 74 0.56% 5,590,028.97 0.34%6

Total 13,200 100.00% 1,652,295,208.25 100.00%

Number of Mortgage Loans Amount (EUR) % of Total Amount Number of Mortgage Loans Amount (EUR) % of Total Amount Number of Mortgage Loans Amount (EUR) % of Total Amount

Sold Properties - - 0.00% - - 0.00% 2 102,663.70 0.01%

Losses from Sold Properties - - 0.00% - - 0.00% - - 0.00%

Loss Severity (% of total) - - 0.00% - - 0.00% - - 0.00%

Current Period Cumulative

Total Losses as % of Original Pool Balance 0.000% 0.006%

Amount (EUR)

Total Set Off Amount 11,527,760.58

Average Set Off Amount 873.32

Set Off



Sold Properties and Losses

Current Period Previous Period Cumulative

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

<= 1 year 1 - 2 years 2 - 5 years 5 - 10 years 10 - 15 years 15 - 20 years 20 - 25 years 25 - 30 years > 30 years

Remaining Term of Loan

0.00%

25.00%

50.00%

75.00%

100.00%

Employed Self-employed Pensioners Other

Employment Status

Loans in Forbearance - Type

Number of Mortgage Loans Amount (EUR)Amount as % of total pool

assetsNumber of Mortgage Loans Amount (EUR)

Amount as % of total pool



assets


assets

Reduced Repayment - Amortising 14 1,950,918.55 0.12% 3 370,939.10 0.02% 1 78,021.19 0.00% 0.15%

Alternate Treatments - Discount Rate - - 0.00% - - 0.00% - - 0.00% 0.00%

Reduced Repayment - Interest Only 9 1,953,693.70 0.12% 2 311,681.71 0.02% - - 0.00% 0.14%

Other - - 0.00% - - 0.00% - - 0.00% 0.00%

Total 23 3,904,612.25 0.24% 5 682,620.81 0.04% 1 78,021.19 0.00% 0.28%

Forbearance - Months in Arrears






assets


assets

Current 22 2,505,477.38 0.15% 1,883 267,389,435.62 16.18% 11,067 1,347,210,898.29 81.54% 97.87%

> 0 - < 1 Months in Arrears 2 382,325.49 0.02% 46 6,475,430.28 0.39% 37 5,184,615.29 0.31% 0.73%

>= 1 - < 2 Months in Arrears - - 0.00% 29 4,269,581.39 0.26% 27 3,500,290.03 0.21% 0.47%

>= 2 - < 3 Months in Arrears 2 226,852.72 0.01% 12 2,134,992.04 0.13% 16 2,288,631.29 0.14% 0.28%

>= 3 - < 6 Months in Arrears 1 188,971.45 0.01% 11 1,225,073.89 0.07% 16 3,100,882.46 0.19% 0.27%

>= 6 - < 9 Months in Arrears 1 180,495.79 0.01% 1 192,745.01 0.01% 4 806,881.69 0.05% 0.07%

>= 9 - < 12 Months in Arrears - - 0.00% 1 188,056.89 0.01% 2 508,545.29 0.03% 0.04%

>= 1 2 Months in Arrears 4 1,181,131.42 0.07% 4 628,604.90 0.04% 12 2,525,289.64 0.15% 0.26%

Total 32 4,665,254.25 0.28% 1,987 282,503,920.02 17.10% 11,181 1,365,126,033.98 82.62% 100.00%

Currently in Forbearance Came out of Forbearance Never in Forbearance



Forbearance

No Secondary Forbearance Secondary Forbearance - Capitalisation of Arrears Secondary Forbearance - Term Extension

Primary & Secondary Forbearance - Months in Arrears






assets


assets

Current 4 334,899.26 0.02% - - 0.00% - - 0.00% 0.02%

> 0 - < 1 Months in Arrears 1 183,834.29 0.01% - - 0.00% - - 0.00% 0.01%

>= 1 - < 2 Months in Arrears - - 0.00% - - 0.00% - - 0.00% 0.00%

>= 2 - < 3 Months in Arrears - - 0.00% 1 78,021.19 0.00% - - 0.00% 0.00%




>= 1 2 Months in Arrears 1 163,887.26 0.01% - - 0.00% - - 0.00% 0.01%

Total 6 682,620.81 0.04% 1 78,021.19 0.00% - - 0.00% 0.05%

Key Primary Forbearance - Months in Arrears






assets


assets

Current 9 1,296,275.43 0.08% - - 0.00% 6 903,748.20 0.05% 0.13%

> 0 - < 1 Months in Arrears 2 382,325.49 0.02% - - 0.00% - - 0.00% 0.02%


>= 2 - < 3 Months in Arrears 2 226,852.72 0.01% - - 0.00% - - 0.00% 0.01%

>= 3 - < 6 Months in Arrears 1 188,971.45 0.01% - - 0.00% - - 0.00% 0.01%

>= 6 - < 9 Months in Arrears - - 0.00% - - 0.00% 1 180,495.79 0.01% 0.01%


>= 1 2 Months in Arrears - - 0.00% - - 0.00% 4 1,181,131.42 0.07% 0.07%

Total 14 2,094,425.09 0.13% - - 0.00% 11 2,265,375.41 0.14% 0.26%

Reduced Repayment - Amortising Alternate Treatments - Discount Rate Reduced Repayment - Interest Only



Capitalisation of Arrears (Only) Term Extension (Only) Both Capitalisation & Term Extension

Unique_ID

EventTrigger Breached

(Yes/No)Data 1

Account Bank Downgrade No

1 PT-1

EventTrigger Breached

(Yes/No)

Servicer Termination Events No

Cash Manager Termination Event No

Perfection Trigger Events No

3

Condition Status Number Amount (EUR)Repurchases (Current

Balance)

Further Advance Conditions Met PASS 0 - -

Product Switch Conditions Met FAIL 193 24,888,215.43 24,911,365.25

Mortgage Representations & Warranties PASS 0 - -

SVR Floor Level PASS 0 - -

Conversion to Ineligble Product Rate TypeRepurchase the entire Mortgage Loan and its Related

Security

Repurchase the entire Mortgage Loan and its Related

Security

Drawdown on the Servicer Advance Facility

(i) the Issuer, the Trustee or the Seller is obliged to do so by law, a court order or mandatory requirement of any regulatory authority;

(ii) an Enforcement Notice has been delivered;

(iii) the Security under the Deeds of Charge is in jeopardy;

(iv) an Insolvency Event has occurred in relation to the Seller;

(v) the termination or resignation of the appointment of the Servicer as servicer of the Mortgage Portfolio under the Servicing Agreement and the

failure of any Successor Servicer to assume the duties of the Servicer in such capacity.

The legal transfer and assignment by the Seller to the

Issuer of all the Mortgage Loans and their Related

Security as soon as reasonably practicable.

Conditions / Tests

Comment Consequences

Repurchase the entire Mortgage Loan and its Related

Security

Non-Rating Triggers

Summary of Event Consequence of a Trigger Breach

(i) Default made by the Servicer on the due date of any payment due and payable under any Transaction Document to which it is a party and

such default continues unremedied for a period of 5 Business Days.

(ii) Default made by the Servicer in the performance or observance of any of its other covenants and obligations under any Transaction

Document to which it is a party and such default continues unremedied for a period of 30 Business Days.

(iii) Revocation of any applicable licence, registration or regulatory permission held and required for the Servicer.

(iv) Occurrene of an Insolvency Event in respct of the Servicer.

(v) Issuer has requested an increase in the Commitment of the Initial Servicer under the Servicer Advance Facility and the Initial Servicer has not

agreed to such increase by the date falling 10 Business Days after the relevant Interest Payment Date.

A replacement Servicer will be appointed to provide the

Services in accordance with the Servicing Agreement.

(i) Default made by the Cash Manager in the giving of a payment instruction, on the due date, in respect of any payment due and payable by

(provided that in each case there are funds available for such payment standing to the credit of the relevant Accounts) and such default (where

capable of remedy) continues unremedied for a period of 5 Business Days .

(ii) Default made by the Cash Manager in the performance or observance of any of its other material covenants and obligations under the Cash

Management Agreement, and such default continues unremedied for a period of 30 Business Days.

(iii) Insolvency Event in relation to the Cash Manager; or

(iv) it becomes unlawful for the Cash Manager to perform its obligations under the Cash Management Agreement or under any other Transaction

Document.

A replacement Cash Manager will be appointed to

provide cash management services in accordance with

the Cash Management Agreement.

Trigger (S&P, DBRS; Short-term, Long-term) Consequence of a Trigger Breach Actions Taken

Fitch ST F1 / Fitch LT A

DBRS ST A / DBRS LT A

The consequence of breach may include the transfer of amounts standing to the credit

of the Transaction Account to a bank account of the Issuer held with a replacement

account bank which has the required rating within 30 calendar days from the date of

such breach.



Rating Triggers

Term

Arrears

Arrears Capitalisation

Capital Balance

Constant Prepayment Rate (CPR)

Current Balance

General Reserve Fund Required Amount

Months in arrears

Modified Mortgage Loan

Repurchases

Split Mortgage Loan

SVR Floor

Warehoused Mortgage Account

Term

Capitalisation

Interest Only

Term Extension

Reduced Repayment Amortising

Discount Rate

Other

³ The difference noted between the Mortgage Assets C/F value in the Mortgage Principal Analysis table and the outstanding balance of the mortgage pool in the stratification tables is due to the former being adjusted for Losses and Provisional Arrears Allocation applied to the Principal Deficiency Ledger, whereas the stratification

tables reflect the outstanding capital balance of the mortgage pool

Footnotes

Rating Triggers reflect required rating levels per the transaction documents below which a trigger event will occur.

Day Count Convention : Actual / 360

Business Days: London, Dublin and TARGET2 business days1

Loan Facility Amount is comprised of €35.6m Subordinated Loan and €3.5m Servicer Advance Facility

² 41 mortgage loans were repurchased by Ulster Bank Ireland DAC on 07/04/2021

Capitalisation of arrears.

Temporary reduced repayment equal to interest amount.

Term Extension - postponing maturity date results in lower monthly repayments.

Temporary reduced repayment greater than interest.

Economic Concession for a period of 3 or 5 years.

Other includes moratorium, temporary reduced payment negative-amortising, lifetime positively amortising repayment arrangement, split mortgage, modified mortgage

The Current Balance is used for Repurchases analysis.

Any Mortgage Loan that has been split into a Main Mortgage Account and a Warehoused Mortgage Account (and, for the avoidance of doubt, the Main Mortgage Account and the Warehoused Mortgage Account do not constitute

separate or new Mortgage Loans) as part of the Seller's arrears management procedures, with interest payable only in respect of the Main Mortgage Account.

3 Month EURIBOR plus 2.5%

In relation to a Split Mortgage Account or Modified Mortgage Loan at any time, the portion of the Capital Balance that is warehoused at that time.

Forbearance Types

Definition

Unless specified otherwise, all asset reporting is based on Capital Balance as of the specified date. Capital Balance is the principal balance excluding any principal balance that has been written off.

In the relevant table,

- 1-month annualised CPR is calculated as 1 - ((1 - monthly CPR) ^ 12),

- 3-month average CPR is calculated as the rolling average of the last three 1-month annualised CPR ;

where monthly CPR is:

(i) total reduction in the principal balance (the main components of which are scheduled monthly repayments and full and part redemptions net of further advances) during the relevant period, divided by

(ii) the aggregate outstanding principal balance of the pool as at the start of that period.

Current Balance is an aggregate of:

(a) the Initial Advance;

(b) Accrued Interest;

(c) Arrears of Interest; and

(d) any increase in the principal amount of a Loan due to any Further Advance, in each case relating to such Loan less any prepayment, repayment or payment of the foregoing made on or prior to that date.

On any Interest Payment Date prior to the redemption of the Class A Notes, an amount equal to 2% of the Principal Amount Outstanding of the Class A Notes as at the Closing Date. Following redemption of the Class A Notes in full,

zero.

For reporting purposes, the Months in arrears figure is calculated as the Arrears balance divided by the scheduled monthly payment on an asset.

Any Mortgage Loan identified as such and that has been split into a Main Mortgage Account and a Warehoused Mortgage Account (and, for the avoidance of doubt, the Main Mortgage Account and the Warehoused Mortgage

Account do not constitute separate or new Mortgage Loans) as part of the Seller’s arrears management procedures.



Glossary

Definition

Any amount, contractually due but not paid by the borrower.

From time to time, where a Borrower has demonstrated a regular payment history following previous arrears, any outstanding amounts in arrears may be capitalised. Any charges incurred by the customer whilst in arrears will be

included within the arrears capitalisation. The arrears tracking balance will be set to zero and the related loan will no longer be considered to be in arrears. The outstanding balance will be required to be repaid over the remaining term

of such loan although, in exceptional circumstances, to extension the term of the loan may be agreed. In the majority of cases, capitalisation of interest in respect of a Loan described above is only permitted to be done once in the

lifetime of such Loan.

Dunmore Securities No. 1 Designated Activity Company

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Transcript of Dunmore Securities No. 1 Designated Activity Company