FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

The Property Manager
French Investment Portfolio Asset Management (‘‘FIPAM’’) was incorporated on 27 June 2001
(registered number B 438 302 044) as a limited company (société à responsibilité limitée) under the laws
of France. The registered office of FIPAM is at 36, avenue Hoche, 75008 Paris. The Property Manager
provides property management services in relation to the Secured Properties located in France on behalf
of the Borrowers, including, inter alia, monitoring and inspecting the Secured Properties to ensure that
they are kept in good repair and that the terms of the Occupational Leases relating thereto are otherwise
complied with (including the collection of rents from the Occupational Tenants and the allocation of such
amounts to pay expenses relating to the Secured Properties) pursuant to the terms of separate Property
Management Agreements with each Borrower. On the Closing Date, the Property Manager will enter into
a Property Manager Duty of Care Agreement with, inter alios, the Management Company. From the
Closing Date, the Property Manager will act in accordance with the terms of the Property Management
Agreements and the Property Manager Duty of Care Agreement. For further details as to the Property
Manager and the role it performs, see further the sections entitled ‘‘Summary of Principal Documents –
The Property Management Agreements’’ and ‘‘The Property Manager’’ below.
The FCC Servicers
Each of Société Générale and CCF will act as FCC Servicer in respect of the Commercial Mortgage Loans
originated by them, and in that capacity will continue to perform the servicing of the relevant Commercial
Mortgage Loan. For further information in relation to Société Générale and CCF, see ‘‘The Lenders’’
above. For further details as to the role of the FCC Servicers, see the section entitled ‘‘Summary of
Principal Documents – The Receivables Transfer and Servicing Agreement − Management of the
Receivables and Related Rights − Role and Duties of the FCC Servicers’’ below.
The Noteholder Representative
Association de Représentation des Masses de Titulaires de Valeurs Mobilières, of Centre Jacques
Ferronnière, 32, rue du Champ de Tir, B.P. 81236, 44312 Nantes Cedex 3, France, will be the initial
Noteholder Representative in respect of each Class of Notes.
Principal Paying Agent
HSBC Bank plc acting through its office at 8 Canada Square, London, E14 5HQ, United Kingdom, will
be appointed to act as Principal Paying Agent under the Paying Agency Agreement.
Irish Paying Agent
HSBC Institutional Trust Services (Ireland) Limited, acting through its office at HSBC House, Harcourt
Centre, Harcourt Street, Dublin 2, Ireland, will be appointed to act as paying agent in Ireland under the
Paying Agency Agreement.
The Issuer Account Bank and Cash Manager
CCF will be appointed by the Issuer to operate (acting on the instructions of the Management Company)
the Issuer Transaction Account, the Mortgage Reserve Accounts and the Liquidity Facility Standby
Account on behalf of the Issuer and will maintain such accounts and the monies held therein in
accordance with the Issuer Account Bank and Cash Management Agreement and the Transaction
Documents.
The Borrowers Account Banks
The accounts of the Borrowers will be held with Société Générale and CCF as Borrowers Account Banks.
The Liquidity Facility Provider
CCF will, on the Closing Date, provide a euro Liquidity Facility to the Issuer pursuant to the Liquidity
Facility Agreement. See further the section entitled ‘‘Summary of Principal Documents – The Liquidity
Facility’’ below for a description of the Liquidity Facility and the section entitled ‘‘The Liquidity Facility
Provider’’ for a description of the Liquidity Facility Provider.
The Hedging Providers
Each of HSBC Bank plc and Société Générale will, on the Closing Date, enter into certain hedging
arrangements (in the form of swaps and interest rate caps) with the Issuer pursuant to the terms of the
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