-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SlWaEA0AnpSq10Op8ykyMSZRqjSMYz8UqAc3I+YzvOK/IUYKHvjdkoiuZPqNge89 3Xf5rRTcWLsc69bUH4EQ6w== 0001200129-05-000064.txt : 20051114 0001200129-05-000064.hdr.sgml : 20051111 20051114173323 ACCESSION NUMBER: 0001200129-05-000064 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051114 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051114 DATE AS OF CHANGE: 20051114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SLC STUDENT LOAN RECEIVABLES I INC CENTRAL INDEX KEY: 0001164019 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 043598719 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-75952 FILM NUMBER: 051203129 BUSINESS ADDRESS: STREET 1: 750 WASHINGTON BOULEVARD STREET 2: 9TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-975-6112 MAIL ADDRESS: STREET 1: 750 WASHINGTON BOULEVARD STREET 2: 9TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SLC Student Loan Trust 2005-1 CENTRAL INDEX KEY: 0001329351 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-118089-02 FILM NUMBER: 051203130 BUSINESS ADDRESS: STREET 1: 750 WASHINGTON BOULEVARD STREET 2: 9TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-975-6112 MAIL ADDRESS: STREET 1: 750 WASHINGTON BOULEVARD STREET 2: 9TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 8-K 1 form8k111405.htm FORM8K111405 form8k111405
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report: November 10, 2005
(Date of earliest event reported)
 
SLC STUDENT LOAN RECEIVABLES I, INC. (as depositor for SLC Student Loan Trust 2005-1 under the Amended and Restated Trust Agreement, dated as of June 15, 2005, between SLC Student Loan Receivables I, Inc. and Wilmington Trust Company)
(Exact name of registrant as specified in its charter)
 

      Delaware
(State or other jurisdiction
of incorporation or organization)
333-118089-02
(Commission
File Number)
04-3598719
(I.R.S. Employer
Identification No.)

 
750 Washington Boulevard
Stamford, Connecticut
06901
(Address of principal executive offices)
(Zip Code)

(203) 975-6861
(Registrant's telephone number, including area code)
 


 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
 under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
ITEM 8.01.       Other Events
 
 
See Exhibit 99.1 for the statement to the holders of SLC Student Loan Trust 2005-I, Student Loan Asset Backed Notes, Series 2005-1 for the period from August 1, 2005 through October 31, 2005.
 
 
ITEM 9.01.       Financial Statements and Exhibits
 
(c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K
 

 Exhibit No.  Description
 
 
       99.1
Statement to the holders of SLC  
 
 Student Loan Trust 2005-1, Student Loan Asset
  Backed Notes, Series 2005-1 for the period from  
  August 1, 2005 through October 31, 2005.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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

 
By:   THE STUDENT LOAN CORPORATION, AS SERVICER
 
 
 
Date: November 14, 2005
 
  By:         /s/ Daniel P. McHugh     
 
Name:    Daniel P. McHugh
  
 
Title:      Chief Financial Officer
  
 
               
  
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
INDEX TO EXHIBITS
 
  
 
 
 
 
Exhibit No.
 
Description of Exhibits 
  
     
99.1
Statement to the holders of SLC Student Loan Trust 2005-1,
 
Student Loan Asset Backed Notes, Series 2005-1 for the period
  from August 1, 2005 through October 31, 2005. 
 
 
 
 













 EX-99.1 2 exhibit99_1.htm EXHIBIT 99.1 FOR FORM 8-K 111405 Exhibit 99.1 for Form 8-K 111405
Exhibit 99.1
 
 
 
I. SLC TRUST 2005-01
Deal Parameters
    
             
 
 
Student Portfolio Characteristics
 7/31/2005
Activity
10/31/2005
A
i
Portfolio Balance
  
  $2,010,416,982.69  
$43,988,281.83
$1,966,428,700.86
 
ii
Interest to be Capitalized
  
   $       6,726,580.56   
 
$       6,543,013.34
 
iii
Total Pool
  
  $2,017,143,563.25  
$1,972,971,714.20
 
iv
Specified Reserve Account Balance
$       5,042,858.91
 
$       4,932,429.29
 
v
Capitalized Interest Account Balance
$     35,000,000.00
 
$     35,000,000.00
 
vi
Total Adjusted Pool
  
$2,057,186,422.16 
 
$2,012,904,143.49
   
 
  
 
    
             
B
i
Portfolio Balance as a Percent of Original Balance
              99.24%
                     97.06%
 
ii
Weighted Average Coupon (WAC)
              3.639%
 
                    3.635%
 
iii
Weighted Average Remaining Term
              251.08
 
                    249.48
 
iv
Number of Loans
  
            129,980
 
                  127,728
 
v
Number of Borrowers
  
             74,096
 
                    72,763
 
vi
Average Outstanding Principal Balance
  
 
 $1,988,422,841.78
             
 
 
  
 
    
Balance
Pool Factor
Balance
Pool Factor
   
Notes
CUSIP
Spread
8/15/2005
8/15/2005
11/15/2005
11/15/2005
C
i
A1 Notes
 784420AA9
 0.010%
$   710,732,486.81
0.9843940260
$   662,292,019.70
0.9173019663
 
ii
A2 Notes
 784420AB7
 0.080%
$   385,000,000.00
1.0000000000
$   385,000,000.00
1.0000000000
 
iii
A3 Notes
 784420AC5
 0.100%
$   384,000,000.00
1.0000000000
$   384,000,000.00
1.0000000000
 
iv
A4 Notes
 784420AD3
 0.150%
$   531,196,000.00
1.0000000000
$   531,196,000.00
1.0000000000
 
v
B Notes
 784420AE1
 0.200%
$     62,542,000.00
1.0000000000
$     62,542,000.00
1.0000000000
   
Total Notes
    
$2,073,470,486.81
 
$2,025,030,019.70
  
   
Parity
    
                 99.21%
 
                 99.40%
  
                 
 
   
Reserve Account
  
8/15/2005
Activity
11/15/2005
D
i
Required Reserve Acc Deposit (%)
               0.25%
  
               0.25%
 
ii
Reserve Acct Initial Deposit ($)
$  5,093,782.00
$                    -
$  5,093,782.00
 
iii
Specified Reserve Acct Balance ($)
$  5,042,858.91
 $  (110,429.62)
$  4,932,429.29
 
iv
Reserve Account Floor Balance ($)
$  3,056,269.00
$                    -
$  3,056,269.00
 
v
Current Reserve Acct Balance ($)
$  5,042,858.91
 $  (110,429.62)
$  4,932,429.29
             
   
         Capitalized Interest Account
8/15/2005
Activity
11/15/2005
E
i
Capitalized Interest Account Balance
$35,000,000.00
$                     -
$35,000,000.00
           
 
 
 
 
 
 
 
 
 
 
 
 
 
 
II. SLC TRUST 2005-01
Distributions
            
                   
       
 Interest
 
        
     
Quarterly
Quarterly
 
Interest
Interest
 
 
 
Class
 CUSIP
Interest
Interest
Interest
Carryover
Carryover
Interest
 
 
 
  
Due
Paid
Shortfall
Due
Paid
Carryover
  
 
A1
 784420AA9
$     6,902,002.15
$     6,902,002.15
$                     -
$             -
$              -
$              -
 
 
A2
 784420AB7
$     3,807,650.00
$     3,807,650.00
$                     -
$             -
$              -
$              -
 
 
A3
 784420AC5
$     3,817,386.67
$     3,817,386.67
$                     -
$             -
$              -
$              -
 
 
A4
 784420AD3
$     5,348,553.50
$     5,348,553.50
$                     -
$             -
$              -
$              -
 
 
B
 784420AE1
$        637,719.93
$        637,719.93
$                     -
$             -
$              -
$              -
 
 
 
  
 
 
 
 
 
 
 
 
TOTAL
  
$20,513,312.25
$20,513,312.25
$                     -
$             -
$              -
$              -
 
 
                   
                   
 
Class
Interest
Rate
Next
 
 
 
 
  
 
 
Factor
 
Rate
 
 
 
 
  
 
A1
0.0097111111
3.80000%
4.34225%
 
 
 
 
  
 
A2
0.0098900000
3.87000%
4.41225%
 
 
 
 
  
 
A3
0.0099411111
3.89000%
4.43225%
 
 
 
 
  
 
A4
0.0100688889
3.94000%
4.48225%
      
 
 
  
 
B
0.0101966667
3.99000%
4.53225%
   
 
    
                   
                   
 
    CUR LIBOR    3.790000%
  NEXT LIBOR    4.332250%
 
 
       
 Principal
 
        
     
Quarterly
Quarterly
Quarterly
        
 
Class
 CUSIP
Principal
Principal
Principal
Principal
      
     
Due
Paid
Shortfall
Factor
      
 
A1
 784420AA9
$    60,566,343.32
$    48,440,467.11
$  12,125,876.21
0.0681556957
 
 
 
 
A2
 784420AB7
$                         -
$                         -
$                       -
0.0000000000
 
 
 
 
A3
 784420AC5
$                         -
$                         -
$                       -
0.0000000000
 
 
 
 
A4
 784420AD3
$                         -
$                         -
$                       -
0.0000000000
 
 
 
 
B
 784420AE1
$                         -
$                         -
$                       -
0.0000000000
 
 
 
                   
 
TOTAL
  
$   60,566,343.32
$   48,440,467.11
$  12,125,876.21
        
                   
                   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
III. SLC TRUST 2005-01
  
Transactions from: 08/01/2005 through: 10/31/2005
    
                 
A
Student Loan Principal Activity
          
 
i
Regular Principal Collections
 $
    46,544,634.49
    
 
ii
Principal Collections from Guarantor
$
      1,150,617.66
    
 
iii
Principal Reimbursements
   $
                               -
   
 
iv
Other System Adjustments
   $
                         -
   
 
v
Total Principal Collections
   $
 47,695,252.15
   
                 
B
Student Loan Non-Cash Principal Activity 
        
 
i
Other Adjustments
   $
(908,548.73)
    
 
ii
Capitalized Interest
   $
(2,798,421.59)
    
 
iii
Total Non-Cash Principal Activity
 $
(3,706,970.32)
    
                 
                 
C
Total Student Loan Principal Activity
   $
43,988,281.83
    
                 
D
Student Loan Interest Activity
          
 
i
Regular Interest Collections
 $
13,107,987.38
   
 
ii
Interest Claims Received from Guarantors
 $
29,312.74
    
 
iii
Collection Fees / Returned Items
        $
              -
   
 
iv
Late Fee Reimbursements
   $
141,355.94
    
 
v
Interest Reimbursements
   $
                -
   
 
vi
Other System Adjustments
   $
                -
   
 
vii
Special Allowance Payments
 $
13,483,141.81
    
 
viii
Subsidy Payments
   $
1,469,556.97
    
 
ix
Total Interest Collections
   $
28,231,354.84
    
                 
E
Student Loan Non-Cash Interest Activity  
        
 
i
Interest Accrual Adjustments
 $
(15,927,296.02)
    
 
ii
Government Interest Accrual Adjustments                                        $
(15,702,570.98)
    
 
iii
Capitalized Interest
   $
2,798,421.59
   
 
iv
Total Non-Cash Interest Adjustments
$
(28,831,445.41)
    
                 
F
Total Student Loan Interest Activity
   $
(600,090.57)
    
                 
G
Realized Losses During Collection Period
 $
                      -
   
                 
H
Cumulative Realized Losses to Date
  
 $
                     -
   
                 
                 
 
 
 
 
 
 
 
 
 
 
IV. SLC TRUST 2005-01
  
Collection Account Activity 08/01/2005 through 10/31/2005
  
             
A
Principal Collections
        
 
i
Principal Payments Received
 
$                   16,533,710.94
 
 
ii
Principal Collections from Guarantor
$                     1,150,617.66
 
 
iii
Consolidation Principal Payments
 
$                   30,010,923.55
 
 
iv
Reimbursements by Seller
$                                         -
 
 
v
Borrower Benefits Reimbursements
$                                         -
 
 
vi
Reimbursements by Servicer
  
$                                         -
 
 
vii
Re-purchased Principal
  
$                                         -
 
 
viii
Total Principal Collections
  
$                47,695,252.15
 
             
B
Interest Collections
        
 
i
Interest Payments Received
  
$                   27,803,766.55
 
 
ii
Interest Claims Received from Guarantors
$                          29,312.74
 
 
iii
Consolidation Interest Payments
  
$                        256,919.61
 
 
iv
Reimbursements by Seller
  
$                                         -
 
 
v
Borrower Benefits Reimbursements
$                                         -
 
 
vi
Reimbursements by Servicer
  
$                                         -
 
 
vii
Re-purchased Interest
  
$                                         -
 
 
viii
Collection Fees / Returned Items
  
$                                         -
 
 
ix
Late Fees
    
$                        141,355.94
 
 
x
Total Interest Collections
  
$                28,231,354.84
 
             
C
Other Reimbursements
    
$                                         -
 
             
D
Reserves in Excess of Reserve Requirement
  
$                     110,429.62
 
             
E
Interest Rate Cap Proceeds
    
$                                         -
 
             
F
Trust Account Investment Income
  
$                     642,303.67
 
             
G
Administrator Account Investment Income
  
$                                         -
 
             
 
TOTAL FUNDS RECEIVED
    
$                   76,679,340.28
 
 
LESS FUNDS PREVIOUSLY REMITTED/SET ASIDE:
    
 
i
Consolidation Loan Rebate Fees
  
$                     5,230,645.47
 
             
             
H
TOTAL AVAILABLE FUNDS
    
$                   71,448,694.81
  
             
I
Servicing Fees Due for Current Period
  
$                     2,494,915.45
 
             
J
Carryover Servicing Fees Due
    
$                                         -
 
             
K
Total Fees Due for Period
    
$                     2,494,915.45 
 
             
             
 
 
 
 
 
 
V. SLC TRUST 2005-01
Waterfall for Distributions
        
               
A
Total Available Funds (III-F)
    
$
71,448,694.81
 
               
B
Trustee Fees
     
 $
                    -
 
               
C
Primary Servicing Fees
    
 $
 2,494,915.45
 
               
E
Noteholders' Interest Distribution Amount Paid
      
 
i
Class A-1
    
$
  6,902,002.15
 
 
ii
Class A-2
    
 $
 3,807,650.00
 
 
iii
Class A-3
    
 $
 3,817,386.67
 
 
iv
Class A-4
    
 $
 5,348,553.50
 
 
v
Class B    
   
 $
    637,719.93
 
 
vi
     Total Noteholder's Interest Distribution
$
20,513,312.25
 
               
F
 Noteholder's Principal Distribution Amount Paid      
 
i
Class A-1
    
 $
48,440,467.11
 
 
ii
Class A-2
    
 $
                    -
 
 
iii
Class A-3
    
 $
                    -
 
 
iv
Class A-4
    
 $
                    -
 
 
v
Class B    
   
 $
                    -
 
 
vi
     Total Noteholder's Principal Distribution
$
48,440,467.11
 
               
G
Increase to the Reserve Account Balance
  
 $
                    -
 
               
H
Carryover Servicing Fees
    
 $
                    -
 
               
I
 Noteholder's Interest Carryover        
 
i
Class A-1
    
 $
                   -
 
 
ii
Class A-2
    
 $
                   -
 
 
iii
Class A-3
    
 $
                   -
 
 
iv
Class A-4
    
 $
                  -
 
 
v
Class B    
   
 $
                  -
 
 
vi
Total Noteholder's Interest Carryover
 $
                  -
 
               
J
Excess Distribution Release to Trust Certificateholders
$
                  -
  
               
K
Draw from Capitalized Interest Account
  
 $
                 -
 
               
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
VI. SLC TRUST 2005-01
Historical Pool Information
         
     
06/15/05-07/31/05
08/01/05-10/31/05
 Student Loan Interest Activity
 
i
Regular Interest Collections
$6,851,433.19
$13,107,987.38
ii
Interest Claims Received from Guarantors
$587.19
$29,312.74
iii
Collection Fees / Returned Items
$ -
$ -
iv
Late Fee Reimbursements
$64,529.63
$141,355.94
v
Interest Reimbursements
$ -
$ -
vi
Other System Adjustments
$ -
$ -
vii
Special Allowance Payments
$1,949,861.66
$13,483,141.81
viii
Subsidy Payments
$266,111.91
$1,469,556.97
ix
Total Interest Collections
$9,132,523.58
$28,231,354.84
     
 
 
 Student Loan Non-Cash Interest Activity 
 
 
i
Interest Accrual Adjustments
$(8,494,938.93)
$(15,927,296.02)
ii
Government Interest Accrual Adjustments
$(6,960,464.40)
$(15,702,570.98)
iii
Capitalized Interest
$2,212,159.36
$2,798,421.59
iv
Total Non-Cash Interest Adjustments
$(13,243,243.97)
$(28,831,445.41)
Total Student Loan Interest Activity 
$(4,110,720.39)
$(600,090.57)
         
 Beginning Student Loan Portfolio Balance 
$2,025,914,704.20
$2,010,416,982.69
         
 Student Loan Principal Activity     
i
Regular Principal Collections
$17,777,603.48
$46,544,634.49
ii
Principal Collections from Guarantor
$118,306.90
$1,150,617.66
iii
Principal Reimbursements
$-
$ -
iv
Other System Adjustments
$ -
$ -
v
Total Principal Collections
$17,895,910.38
$47,695,252.15
     
 
 
  Student Loan Non-Cash Principal Activity
 
 
i
Other Adjustments
$(186,029.51)
$(908,548.73)
ii
Capitalized Interest
$(2,212,159.36)
$(2,798,421.59)
iii
Total Non-Cash Principal Activity
$(2,398,188.87)
$(3,706,970.32)
         
 (-) Total Student Loan Principal Activity 
$15,497,721.51
$43,988,281.83
         
 (=) Ending Student Loan Portfolio Balance 
$2,010,416,982.69
$1,966,428,700.86
         
 (+) Interest to be Capitalized 
$6,726,580.56
$6,543,013.34
         
 (=) TOTAL POOL  
$2,017,143,563.25
$1,972,971,714.20
         
 (+) Reserve Account Balance 
$5,042,858.91
$4,932,429.29
         
 (+) Capitalized Interest Account Balance 
$35,000,000.00
$35,000,000.00
         
 (=) Total Adjusted Pool  
$2,057,186,422.16
$2,012,904,143.49
         
         
 
 
 
VII. SLC TRUST 2005-01
Portfolio Characteristics
 
 
 
 
        
 
 
 
                    Weighted Avg Coupon
    
 
 
STATUS
07/31/2005
10/31/2005
    
 
 
REPAYMENT
 
 
    
 
 
 
 
 
    
 
 
Active
 
 
    
 
 
  Current
3.589%
3.587%
    
 
 
  31-60 Days Delinquent
3.915%
3.849%
    
 
 
  61-90 Days Delinquent
4.015%
3.912%
    
 
 
  91-120 Days Delinquent
4.006%
3.952%
    
 
 
  > 120 Days Delinquent
4.169%
4.115%
    
 
 
 
 
 
    
 
 
Deferment
 
 
    
 
 
  Current
3.677%
3.671%
    
 
 
 
 
 
    
 
 
Forbearance
 
 
    
 
 
  Current
3.770%
3.767%
    
 
 
 
 
 
    
 
 
TOTAL REPAYMENT
3.639%
3.636%
    
 
 
Claims in Process
5.354%
5.354%
    
 
 
Aged Claims Rejected
0.000%
0.000%
    
 
 
GRAND TOTAL
3.639%
3.635%
    
 
 
          
 
 
  
                        # of Loans
      %
 
 
STATUS
07/31/2005
10/31/2005
07/31/2005
10/31/2005
 
 
REPAYMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
Active
 
 
 
 
 
 
  Current
97,417
94,731
74.948%
74.166%
 
 
  31-60 Days Delinquent
2,345
2,326
1.804%
1.821%
 
 
  61-90 Days Delinquent
1,270
1,223
0.977%
0.958%
 
 
  91-120 Days Delinquent
900
858
0.692%
0.672%
 
 
  > 120 Days Delinquent
2,314
2,633
1.780%
2.061%
 
 
 
 
  
 
 
 
 
Deferment
 
  
 
 
 
 
  Current
17,071
16,866
13.134%
13.205%
 
 
 
 
  
 
 
 
 
Forbearance
 
  
 
 
 
 
  Current
8,643
8,808
6.649%
6.896%
 
 
 
 
 
 
 
 
 
TOTAL REPAYMENT
129,960
127,445
99.985%
99.778%
 
 
Claims in Process
9
283
0.015%
0.222%
 
 
Aged Claims Rejected
0
0
0.000%
0.000%
 
 
GRAND TOTAL
129,969
127,728
100.000%
100.000%
 
 
          
 
 
          
 
 
  
                          Principal Amount
%
 
 
STATUS
07/31/2005
10/31/2005
07/31/2005
10/31/2005
 
 
REPAYMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
Active
 
 
 
 
 
 
  Current
$1,455,861,863.61
$1,405,778,255.39
72.416%
71.489%
 
 
  31-60 Days Delinquent
$33,001,684.34
$32,386,748.48
1.642%
1.647%
 
 
  61-90 Days Delinquent
$18,445,759.88
$18,081,394.56
0.918%
0.920%
 
 
  91-120 Days Delinquent
$12,231,564.15
$13,757,151.11
0.608%
0.700%
 
 
  > 120 Days Delinquent
$33,503,708.05
$38,206,006.09
1.667%
1.943%
 
 
 
 
  
 
 
 
 
Deferment
 
  
 
 
 
 
  Current
$282,700,458.00
$276,297,883.00
14.062%
14.051%
 
 
 
 
  
 
 
 
 
Forbearance
 
  
 
 
 
 
  Current
$174,387,153.67
$178,155,321.34
8.674%
9.060%
 
 
 
 
 
 
 
 
 
TOTAL REPAYMENT
$2,010,132,191.70
$1,962,662,759.97
99.986%
99.808%
 
 
Claims in Process
$          284,790.99
$       3,765,940.89
0.014%
0.192%
 
 
Aged Claims Rejected
$                           -
$                           -
0.000%
0.000%
 
 
GRAND TOTAL
2,010,416,982.69
1,966,428,700.86
100.000%
100.000%
 
 
          
 
VIII. SLC TRUST 2005-01
Payment History and CPRs
 
 
 
 
        
 
 
Distribution
Actual
Life
Life Pct of
  
 
 
Date
Pool Balances
CPR
CLR
 
 
 
05-Aug
$ 2,010,416,982.69
2.12
163
  
 
 
05-Nov
$ 1,966,428,700.86
4.13
295
  
 
 
 
 
 
 
  
 
 
          
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 -----END PRIVACY-ENHANCED MESSAGE-----