FRN Variable Rate Fix


12 November 2015

Issue: Duncan Funding 2015-1 Plc

Class A2b Notes


Pursuant to our appointment as Agent for the above stated issue, please be advised of the following interest rate determination:

Date From: 12 November 2015

Date To: 17 March 2016

Record Date: 14 March 2016

Value Date: 17 March 2016

Benchmark Rate: 0.64125%

Margin: 0.9%

Total Rate: 1.54125%

Floor: 0%

Number of Days: 126

Day Count: Actual / 365 (Fixed)

Interest Frequency: Quarterly

Total Amount Due:

GBP 2,592,669.64

Interest Per 1K: GBP 5.32047946

Pool Factor: 1

Short Name: Duncan Fdg 2015-1
Category Code: RC
Sequence Number: 515757
Time of Receipt (offset from UTC): 20160315T143226+0000


HSBC Security Services


HSBC Security Services