Securitisation programmes

Our residential mortgage-backed security is a funding instrument that pools the cash flows on a specified pool of TSB mortgages and pays these cash receipts out with waterfall priorities which enable investors to become comfortable with the certainty of receipt of cash at any point in time.

By accessing this site and the information contained herein, you agree that you are bound by the terms and conditions.

The material and information on the Website with respect to the Securities issued by Duncan Funding 2015-1 PLC (the "Duncan 2015-1 Securities ") is intended to be distributed only to, and is directed only at, persons who are not U.S. persons (within the meaning of Regulation S under the Securities Act) or acting for the account or benefit of any U.S. person, not located in the United States, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands) or the District of Columbia ("Permitted Recipients ").  It must not be acted on or relied on by, nor are the Duncan 2015-1 Securities described herein available, to any other persons. By accessing such information, you shall be deemed to have confirmed and represented to us that you are a Permitted Recipient.

Prospectus

Nothing on this page or this website (i) constitutes an offer to sell, or a solicitation of an offer to buy, any securities from any person in any jurisdiction, or (ii) constitutes or forms part of any offering document for any security. The funding programmes referenced on this website involve securities that have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may include securities in bearer form that are subject to U.S. tax law requirements. Subject to certain exceptions, such securities may not be offered, sold or delivered in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act and Section 7701(a)(30) of the U.S. Internal Revenue Code of 1986, as amended) except, with respect to certain specified transactions, to persons that are “qualified institutional buyers” within the meaning of Rule 144A (Rule 144A) under the Securities Act (QIBs), or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Persons accessing this website are required to inform themselves about and to observe all applicable securities and other laws and regulations in the jurisdictions in which they are resident, located and/or organized.

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