Asset Backed Capital

Issue Name:                 Asset Backed Capital Ltd Series 1             
                            USD 92,000,000 Floating Rate             
                            Senior Subordinated Notes Due 2007             
ISIN Code:                  XS0074233148            
Interest Rate:              4.310000%      
Base Rate:                  3.860000%      
Interest Period:            30-Aug-05 to 28-Nov-05      
Day Count Method:           Actual/360      
Number of Days in Period:   90
Payment Date:               28-Nov-05

Denomination:       Coupon:
----------------   ----------------
   100,000.00       USD     1,077.50

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