| 1. | Information on the underlying mortgage loan
有关按揭贷款的资料 |
| 2. | The bonds are callable , to reflect the prepayment risk of the underlying mortgages
该债券是可赎回的，反映了相应的抵押贷款的提前还款风险。 |
| 3. | A summary of the key terms and conditions , issue structure and the characteristics of the underlying mortgage loans are provided in
是次发行的主要条款发行架构及抵押按揭贷款的特点分别列载于 |
| 4. | The structure and key terms of the issue together with the characteristics of the underlying mortgage pool are summarised in the annexes
上述证券的主要发行条款以及相关的按揭组合特点列载于附件。 |
| 5. | A summary of the structure and key terms of the issue , and characteristics of the underlying mortgage pool are provided in the annexes
是次发行的证券结构主要发行条款以及相关的按揭组合特点列载于附件。 |
| 6. | Retail investors holding these notes will not take the prepayment risk arising from the early and unscheduled prepayment of the underlying mortgage loans
持有此等零售债券的一般投资者，将毋须承受因从抵押按揭贷款产生的提早偿还贷款的风险。 |
| 7. | That is , in addition to the hkmc s guarantee , holders of the notes can also turn to the underlying mortgage loans for payment of principal and interest
因此，债券持有人除取得按揭证券公司提供的担保外，也可从抵押的按揭贷款取得本金偿还及利息支付。 |
| 8. | Both types of notes under the issue are backed by and secured over certain underlying mortgage loans purchased by the hkmc from the hong kong housing authority over the past two years
两组债券均以部份由按揭证券公司在过去两年，从香港房屋委员会购入的按揭贷款作为抵押。 |
| 9. | The funding corporation , which is a " bankruptcy remote " special purpose vehicle , will issue mbs back to the bank with the hkmc s guarantee for the timely payment of principal and interest . the hkmc will pass through the monthly repayment of principal and interest of the underlying mortgage loans to the holders of the mbs after deducting the servicing fee and the guarantee fee
该公司是一家不受母公司破产影响的特设公司，负责发行有按揭证券公司担保依期付还本金和利息的按揭证券予有关的出售按揭银行，按揭证券公司在扣除供款管理费和担保费后，把有关按揭贷款的每月本金和利息供款转付予按揭证券的持有人。 |
| 10. | It has a fast pay feature as it will , in the first six years , absorb all the excess repayment and prepayment of the whole of the underlying mortgage pool for the issue . it caters for institutional investors who are prepared to take a higher prepayment risk in return for a higher investment yield
这组别债券具快速还款特点，在首六年吸纳所有从抵押按揭贷款所产生的剩馀分期供款及提早还款，因而迎合愿意承受较高的提早偿还贷款风险去换取较高投资收益的机构投资者。 |
