ABS-15G 1 santanderukplc-abs15g_1105.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM ABS-15G

ASSET-BACKED SECURITIZER REPORT

Pursuant to Section 15G of the

Securities Exchange Act of 1934

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

x Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period  
July 1, 2014 to September 30, 2014

Date of Report (Date of earliest event reported):

September 30, 2014

Santander UK plc1

(Exact name of securitizer as specified in its charter)

     
025-00440    0001087711
(Commission File Number of securitizer)   (Central Index Key Number of securitizer)

Thomas Ranger, +44 20 7756 6303

Name and telephone number, including area code,

of the person to contact in connection with this filing

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ÿ

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ÿ

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ÿ

 

1 Santander UK plc, as securitizer, is filing this Form ABS-15G in respect of all asset-backed securities issued in securitization programs sponsored by it and outstanding during the third quarterly reporting period in 2014 in the residential mortgage asset class, and issued and offered by the issuing entities Fosse Master Issuer PLC and Holmes Master Issuer PLC in either offerings registered under the U.S. Securities Act of 1933, as amended (the Securities Act) or in reliance on Rule 144A under the Securities Act.  The information included in this Form does not include Santander UK plc's securitization programs under which asset-backed securities are issued and sold solely in offerings outside the United States in reliance on Regulation S under the Securities Act.

 

 
 

Item 1.01 Initial Filing of Rule 15Ga-1 Representations and Warranties Disclosure

 

Not applicable.

 

Item 1.02 Periodic Filing of Rule 15Ga-1 Representations and Warranties Disclosure

 

There is no activity to report for the third quarterly period in 2014 with respect to asset-backed securities issued by Fosse Master Issuer PLC. Please refer to Form ABS-15G filed by Santander UK plc, as securitizer, on May 14, 2014 with respect to the first quarterly reporting period January 1, 2014 to March 31, 2014 for Fosse Master Issuer PLC.

 

The following table sets forth activity for the third quarterly period in 2014 with respect to asset-backed securities issued by Holmes Master Issuer PLC.

 
 

Rule 15Ga-1 Periodic Filing for Holmes Master Issuer PLC under its Residential Mortgage Backed Note Programme

 

Name of Issuing Entity Check if
Registered
Name of
Originator
Total Assets in
ABS by Originator [1]
Assets That
Were Subject
of Demand [2]
Assets That
Were Repurchased
or Replaced
Assets Pending Repurchase
or Replacement
(within cure period)
Demand
in Dispute
Demand
Withdrawn
Demand
Rejected
      (#) ($) [3] (% of
prin-
cipal
bal-
ance)
(#) ($) (% of
prin-
cipal
bal-
ance)
(#) ($) (% of
prin-
cipal
bal-
ance)
(#) ($) (% of
prin-
cipal
bal-
ance)
(#) ($) (% of
 prin-
cipal
bal-
ance)
(#) ($) (% of
prin-
cipal
bal-
ance)
(#) ($) (% of
prin-
cipal
bal-
ance)
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (p) (q) (r) (s) (t) (u) (v) (w) (x)
Asset Class:
Residential Mortgage Loans[4]
                                             
Issuing Entity:
Holmes Master Issuer PLC
                                             
(1)    Series 2010-1 Issuance (issued on 12 November 2010, stated as at 8 October 2010 cut-off date)[5]   Santander UK plc

135,820

 

22,413,583,709.02

 

100.00%

 

                                   
(2)    Series 2011-1 Issuance (issued on 9 February 2011, stated as at 8 December 2010 cut-off date)   Santander UK plc

131,722

 

21,336,403,177.89

 

100.00%

 

                                   

[1] The total assets for columns (d), (e) and (f) are reported by reference to each issuance by the issuing entity, Holmes Master Issuer PLC, as this is not a stand-alone securitisation (but a master trust). Accordingly, information as to assets that were the subject of demand and repurchased for this quarterly period is shown in row (10) in respect of the issuing entity. For each row, per issuance, the total assets and outstanding principal balances of assets in the pool are reported. Row (10) for columns (d), (e) and (f) also shows the number of total assets in the entire asset pool backing the issuances by Holmes Master Issuer PLC as at September 30, 2014 for the purpose of calculating the percentages of the repurchases for the third quarterly reporting period.

 

[2] The assets that were subject to repurchase as a result of breaches of representations and warranties in relation to asset-backed securities issued by Holmes Master Issuer PLC are shown in row (10) for columns (g) to (x).

 

[3] The total principal balance for these assets is originally stated in pounds sterling (GBP), being the underlying currency of the assets. For the purpose of this filing, the original sterling amount has been converted to US Dollars using historic exchange rates for GBP to USD conversions as provided by Bloomberg for the relevant reference date. For the amounts provided for issuances of asset-backed securities by Holmes Master Issuer PLC, the relevant reference date for the exchange rate is the portfolio cut-off date stated in column (a). For the amounts provided as at the end of the quarter in row (10), the relevant reference date for the exchange rate is the quarterly period end date stated in column (a). If, in each case, the relevant reference date did not fall on a London business day, the exchange rate provided by Bloomberg for the next following London business day is used; unless such London business day fell in another calendar month, in which case the exchange rate provided by Bloomberg for the immediately preceding London business day is used.


[4] These are residential mortgage loans secured over properties located in England, Wales and Scotland.

[5] The numbers of loan accounts and total balances stated for columns (d) and (e) for all issuances by Holmes Master Issuer PLC are stated as at a portfolio cut-off date for each such issuance. The portfolio cut-off date is the relevant reference date for the statistical information on the portfolio included in the offering document for each issuance.

 
 

 

(3)    Series 2011-2 Issuance (issued on 25 March 2011, stated as at 8 December 2010 cut-off date)   Santander UK plc

131,722

 

21,336,403,177.89

 

100.00%                                    
(4)    Series 2011-3 Issuance (issued on 21 September 2011, stated as at 8 August 2011 cut-off date)   Santander UK plc

113,966

 

18,529,805,933.92

 

100.00%                                    
(5)    Series 2012-1 Issuance (issued on 25 January 2012, stated as at 30 November 2011 cut-off date)   Santander UK plc 141,296 23,413,735,416.42 100.00%                                    
(6)    Series 2012-2 Issuance (issued on 19 April 2012, stated as at 29 February 2012 cut-off date)   Santander UK plc 147,224

24,428,499,421.11

 

100.00%                                    
(7)    Series 2012-3 Issuance (issued on 8 June 2012, stated as at 30 April 2012 cut-off date)   Santander UK plc 144,445

24,312,768,341.61

 

100.00%                                    
(8)    Series 2012-4 Issuance (issued on 28 August 2012, stated as at 30 June 2012 cut-off date)   Santander UK plc

139,865

 

22,628,010,627.50

 

100.00%                                    
(9)    Series 2013-1 Issuance (issued on 30 May 2013, stated as at 31 March 2013 cut-off date)   Santander UK plc 147,372 23,282,515,917.80 100.00%                                    
 
 

 

(10)  Total (as at
30 September 2014)
  Santander UK plc 100,719 15,734,372,180.04 100.00% 1 1,248,291.47 0.01% 1 1,248,291.47 0.01% 0 0 0.00% 0 0 0.00% 0 0 0.00% 0 0 0.00%

 

 
 

 

Item 1.03 Notice of Termination of Duty to File Reports under Rule 15Ga-1

 

Not applicable.

 

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Santander UK plc

(Securitizer)




By: /s/ Thomas Ranger                      

Name: Thomas Ranger

Title: Duly Authorized Attorney

 

 

Date: November 5, 2014