FRN Variable Rate Fix
18 November 2003 - 6:10PM
UK Regulatory
Preferred Residential Secs 3 PLC
As Agent Bank, please be advised of the following rate determined on:
17-Nov-2003
Issue : Preferred Residential Securities 3 Plc - Class A
GBP 113,500,000 Mortgage Backed FRN due 2033
ISIN Number : XS0123849712
Issue Nomin GBP : 113,500,000.00
Period : 17-Nov-2003 to 16-Feb-2004 Payment Date 16-Feb-2004
Number of Days : 91
Rate : 4.41938 Pool Factor: 0.2311
Denomination GB : 2,311.00
Amount Payable
per Denomination : 25.39
Institutional Telephone 44(0) 1202 34 1286
Trust Services Facsimile 44(0) 1202 34 7438