GSAA Home Equity Trust 2005-15, Tranche B2 (CUSIP 362341E88) - BFC Genesee Limited CDO

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/4/12 BFC Genes ee CDOLd&Cp IRSH Notice of Public Sale and Invitation to Bid - Bloom berg

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BFC Genesee CDOLd&Cp IRSH Notice of Public Sale and

Invitation to Bid

BFC Genesee CDOLd&Cp (IRSH) - Notice of Public Sale and Invitation to Bid
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2/13

RNS Number : 1515H

BFC Genesee CDO Ltd &(Delaware)Corp

06 July 2012

Corporate Trust Services

9062 Old Annapolis Road,

Columbia, MD 21045-1951

MAC: N2702-011

NOTICE OF PUBLIC SALE AND

INVITATION TO BID

July 6, 2012

To: Individuals and Entities listed on Exhibit C attached hereto.

From: Wells Fargo Bank, National Association, in its capacity as Trustee for

BFC Genesee CDO Ltd.

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: CDO Trust Services - Nicole Burke and Dan Cohen

Facsimile No.: 866-373-0261

Phone No.: (410) 884-2198 and (443) 367-3925

You are officially invited to bid on the collateral described

below (the "Collateral"), which will be sold at two public sales, as indicated

below (the "Sales"). The Sales will be held by WELLS FARGO BANK, NATIONAL

ASSOCIATION, as trustee and securities intermediary (the "Trustee") under that

certain Indenture dated as of February 28, 2006 (as amended, modified or

supplemented through the date hereof, the "Indenture") amongBFC GENESEE CDO

LTD., as Issuer (the "Issuer"), BFC GENESEE CDO (DELAWARE) CORP., as Co-Issuer

(the "Co-Issuer", and together with the Issuer, the "Co-Issuers") and the

Trustee. Capitalized terms used herein and not otherwise defined shall have

the meanings assigned to such terms in the Indenture.

The Trustee has retained Dock Street Capital Management LLC

("DSCM") to act as its liquidation agent for the Collateral. To request more

information from DSCM about the Sales or the Collateral, including how to

participate in the Sales, contact David Crowle or Jeffrey Holtman by e-mail at

[email protected] or [email protected], respectively by phone

at (212) 457-8258, by facsimile at (212) 457-8269 or by mail addressed to

575-B Riverside Avenue, Westport, Connecticut 06880.


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The Conditions of the Sales are as Follows:

1. Collateral. The Collateral that will be sold at each Sale is

listed on the Description of Collateral and Bid Response Spreadsheet (the "Bid

Response Spreadsheet") attached hereto as Exhibit B.

2. Days, Times and Place of Sales. The days, times and place of the

Sales will be as follows:

DAY AND DATE TIME

Public Sale No. 1 Thursday, July 19, 2012 10:00 a.m. EDT

Public Sale No. 2 Thursday, July 19, 2012 2:00 p.m. EDT

PLACE

The Sales will be held at 575-B Riverside Avenue, Westport, CT 06880.

ONLY PERSONS WHO SATISFY THE FOLLOWING REQUIREMENTS WILL BE PERMITTED TO BID

AT THE SALE

3. Conditions of Sales. The conditions of the Sales are as follows:

a. Each item of Collateral will be awarded only to the best bidder who is

also a qualified bidder (the "Best Bidder"). The Trustee reserves the right

to reject any bid which it deems to have been made by a bidder which is unable

to satisfy the requirements imposed by the Trustee upon prospective bidders in

connection with the Sale or to whom in the Trustee's sole judgment a sale may

not lawfully be made. The Trustee shall not be obligated to make any sale and

reserves the right to sell all or a part of the Collateral at a subsequent

public or private sale.

b. In order to obtain additional information on the Collateral, each

prospective bidder must execute and return to DSCM, prior to receiving such

information, the Investor Representations and Confidentiality Agreement in the

form of Exhibit A attached hereto.

c. Some or all of the securities constituting the Collateral may not have

been and will not be registered under the Securities Act of 1933, as amended


4/13

(the "Act"), or any applicable state securities laws and may not be sold or

transferred without registration under such Act and applicable state

securities law or the availability of valid exemptions from such registration

requirements. In addition to such securities laws transfer restrictions on

resale, some or all of the Collateral may be subject to additional transfer

restrictions, including but not limited to Investment Company Act restrictions

and the Employee Retirement Income Security Act of 1974, as amended,

restrictions. Upon signing and returning the executed Investor Representations

and Confidentiality Agreement, a bidder may request copies of the offering

memorandum or circular (the "Offering Document") for each such item of

Collateral (in which all such transfer restrictions are described), as well as

certain other financial information in the possession of the Trustee.

d. Each Best Bidder for which a security constituting part of the Collateral

is awarded, by submission of its bid, is deemed to represent and warrant that

such bidder is qualified to become a transferee of such security under all

transfer restrictions applicable to such security, including the registration

requirements of the Act, the regulations of the Securities and Exchange

Commission thereunder and applicable state securities laws, or pursuant to

valid exemptions from such registration requirements.

e. The Trustee will accept bids only from such of those persons to whom in

its sole judgment a sale may lawfully be made. Any person submitting a bid is

hereby notified that (i) the Collateral must be acquired for the account of

such bidder and not with a view to resale or distribution and (ii) the bidder

may not resell the Collateral without compliance with the registration

requirements of the Act, the regulations of the Securities and Exchange

Commission thereunder and applicable state securities laws or pursuant to

valid exemptions from such registration requirements.

f. A bid by any person will be deemed to be a representation that such

bidder has sufficient knowledge and experience in business and financial

matters to evaluate properly the merits and risks of investment in the

Collateral and that such bidder has had such access to information concerning

the Collateral as such bidder deems necessary to make an informed investment

decision and has taken advice from those advisors as such person has deemed

necessary and that neither the Trustee nor any other party connected with the

sale of the Collateral is a fiduciary or investment advisor to such person.

Further, such bidder may be required to establish that such bidder is able to

bear the economic risks involved in investment in the Collateral.

g. Bids may be made by e-mail to [email protected]. Be sure to

include your name, company name, address, and phone number.

h. Alternatively, bids may be submitted on the appropriate corresponding Bid

Response Spreadsheet attached hereto as Exhibit B. The Bid Response

Spreadsheets must be completed in full and either FAXED or E-MAILED according

to the directions on the Bid Response Spreadsheet.

i. Partial bids will be considered at the sole discretion of DCSM. Bids on

any of the Collateral must be on the par amount acceptable to DCSM. For the

avoidance of doubt, the par amount as of the date of settlement will be the

product of the original face amount and the factor as of the settlement date.

j. Your bid should be your "best and final" bid. You will not be notified

of other bids and will not be given the opportunity to submit a subsequent

better bid.


5/13



k. Following the completion of the Sales, the amount of the winning bid for

each item (but not the identity of the bidder) will be disclosed on a limited

basis only to the Issuer and those persons as determined by the Trustee, in

its sole discretion, as having an interest in the Collateral under or in

connection with the Indenture.

l. All bids submitted must be irrevocable and unconditional.

m. The Trustee will verify accrued interest using the Bloomberg trade

function.

n. The terms of the Sales shall be: (1) if the security is in book entry

form, the Best Bidder shall make available and pay the final monies due on the

settlement date in exchange for delivery of the securities via the customary

'delivery vs. payment' industry standard for book entry securities or (2) if

the security is in physical form, the Best Bidder shall provide payment of

funds in cash or by certified or cashier's check or wire transfer. Unless

otherwise specified, the sale of each security will settle not later than on a

T+3 basis. Such payment must be received by the Trustee within a reasonable

period of time after the conclusion of the bidding, as determined by the

Trustee, but in any event before the close of business (i.e., 5:00 p.m. (EDT))

on the specified settlement date.

o. Settlement will be per the applicable settlement terms on the Bid

Response Spreadsheet. (See Exhibit B attached hereto).

p. The Trustee reserves the right to offer the Collateral in any other

commercially reasonable manner. The Trustee may adjourn or cancel the Sales

or cause such Sales to be adjourned, recessed and/or reconvened from time to

time, without further written notice or further publicity, by announcement at

the time and place appointed for such Sales or at any adjournment, recess

and/or reconvening and, without further written notice or publication, such

Sales may be held at the time and place to which it may have been so

adjourned.

q. No sale will be completed until the Best Bidder completes its purchase as

provided herein and, in the case of any failure to complete a purchase, the

Trustee may without further notice accept the next best bid from a qualified

bidder.

r. The Collateral will be offered and sold by the Trustee without recourse,

representations, warranties or covenants, express or implied, being made by

the Trustee with respect to the Collateral (except as to title to the

Collateral) or with respect to any other information then in the Trustee's

possession, including without limitation any Offering Document or other

financial information.

s. The above terms and conditions of the Sales may be subject to additional

or amended terms and conditions to be announced at the time of the Sales.

Additional Information May Be Obtained


6/13



Additional information concerning the Collateral and matters

pertaining to the Sales may be obtained by contacting David Crowle or Jeffrey

Holtman at DSCM by e-mail at [email protected] or

[email protected], respectively, or by telephone at (212) 457-8258.

The Indenture and the documents reflecting the Trustee's security interest in

the Collateral are available for inspection prior to the Sales by

appointment. Interested parties may contact David Crowle or Jeffrey Holtman

at DSCM.

EXHIBIT A

INVESTOR REPRESENTATIONS AND CONFIDENTIALITY AGREEMENT

The undersigned has expressed an interest in participating in a foreclosure

sale (the "Foreclosure Sale") under that certain Indenture dated as of

February 28, 2006 (as amended, modified or supplemented from time to time, the

"Indenture") among BFC GENESEE CDO LTD., as Issuer (the "Issuer"), BFC GENESEE

CDO (DELAWARE) CORP. as Co-Issuer (the "Co-Issuer", and together with the

Issuer, the "Co-Issuers") and WELLS FARGO BANK, NATIONAL ASSOCIATION, as

Trustee and Securiites Intermediary (the "Trustee"), and has asked that the

Trustee provide certain financial information relating to the Collateral (as

defined in the Indenture), as further described in Exhibit B attached to the

Notice of Public Sale and Invitation to Bid dated July 6, 2012, to be sold at

the Foreclosure Sale. The Trustee is prepared to permit such participation

and to provide such financial information to the undersigned so long as the

undersigned executes this Investor Representations and Confidentiality

Agreement (the "Agreement"). Capitalized terms used herein but not defined

herein shall have the meanings ascribed to them in the Indenture.

1. The undersigned hereby represents and warrants to the Trustee that

(i) to the extent that the undersigned is the successful bidder at the

Foreclosure Sale, the Collateral acquired thereby will be acquired for the

account of the bidder and not with a view to resale or distribution; (ii) the

undersigned has reviewed all necessary materials and had access to all

information requested, and has sufficient business and investment knowledge

and experience to effectively evaluate properly the merits and risks of

investment in the Collateral which is the subject of the Foreclosure Sale;

(iii) the undersigned has sufficient financial ability and net worth to bear

the economic risks involved in investment in such Collateral and has taken

advice from those advisors as the undersigned has deemed necessary and neither

the Trustee nor any other party connected with the sale of the Collateral is a

fiduciary or investment advisor to the undersigned; and (iv) the undersigned

is aware of the fact that the items of the Collateral on which it is bidding

may not have been registered under the Securities Act of 1933, as amended (the

"Act"), or applicable state securities law and will be offered and sold by the

Trustee without recourse, representations, warranties or covenants, express or

implied, being made by the Trustee with respect to the Collateral (except as

to title to the Collateral) or with respect to any other information then in

the Trustee's possession, including without limitation any Offering Document

or other financial information. The undersigned hereby agrees that the

undersigned may not resell any Collateral acquired at the Foreclosure Sale

without compliance with the registration requirements of the Act, and the

regulations of the Securities and Exchange Commission thereunder and

applicable state securities laws, or pursuant to valid exemptions from such

registration requirements.

2. The undersigned acknowledges and agrees that its participation in

the Foreclosure Sale, and each sale of Collateral to, and each purchase of

Collateral by, the undersigned pursuant to the Foreclosure Sale, (i) will

comply with (a) any registration requirements of the Act, the regulations of

the Securities and Exchange Commission thereunder and any applicable state

securities laws or any valid exemptions from such registration requirements


7/13


10/ww.bloomberg.com/article/2012-07-06/anYKktUOUCn4.html

and (b) the laws or regulations of any other applicable jurisdiction and (ii)

is permitted under the undersigned's governing documents and internal

policies.

3. The undersigned agrees to maintain the confidentiality of the

Information (as defined below), except that Information may be disclosed (a)

to its and its affiliates' directors, officers, employees and agents,

including accountants, legal counsel, sources of funding, other advisors and

clients and customers (it being understood that the persons to whom such

disclosure is made will be informed of the confidential nature of such

Information and instructed to keep such Information confidential and the

undersigned will be responsible if any such person (or persons) fails to keep

the Information confidential), (b) to the extent requested by any regulatory

authority, (c) to the extent required by applicable laws or regulations or by

any subpoena or similar legal process or (d) to the extent such Information

(i) becomes publicly available other than as a result of a breach of this

Agreement or (ii) becomes available to the undersigned on a non-confidential

basis from a source other than the Trustee or its agents. The undersigned

further agrees to use the Information solely for the purposes of evaluating

whether or not it desires to participate in the Foreclosure Sale and for no

other purpose whatsoever. For the purposes of this Agreement, "Information"

means all information received by the undersigned relating to the Collateral

which is the subject of the Foreclosure Sale, including but not limited to the

offering memorandum or offering circular (the "Offering Document") and any

related financial information related to such Collateral.

4. Should the undersigned be the winning bidder on a

security constituting the Collateral, the undersigned, by submission of its

bid, is deemed to represent and warrant that the undersigned is qualified to

become a transferee of such security under all transfer restrictions

applicable to such security.

5. The undersigned hereby agrees to indemnify, defend and hold the

Trustee harmless of, from and against any and all claims, demands,

liabilities, causes of action, losses, damages, costs and expenses (including

attorneys' fees) hereafter suffered or incurred by the Trustee arising out of,

directly or indirectly, (i) any breach of the undersigned's representations

and warranties given hereunder, (ii) the undersigned's failure to observe (and

to cause its agents, contractors, employees and consultants to observe) and

comply with the terms and provisions hereof and (iii) any liability arising

out of any violation of the Act or the law of any jurisdiction by the

undersigned in connection with the sale of any Collateral pursuant to the

Foreclosure Sale or any resale thereof by the undersigned. The

indemnification obligations of the undersigned contained herein shall bind the

undersigned, its successors, trustees and assigns, irrespective of whether or

not the undersigned elects to participate in the Foreclosure Sale or acquires

any Collateral pursuant to the Foreclosure Sale.

6. The undersigned agrees to either promptly destroy or return all

Information to the Trustee if it does not carry through on its evaluation or

is not the successful bidder at the Foreclosure Sale for any item of

Collateral for which it received Information. Notwithstanding the foregoing,

to the extent required for legal or compliance purposes, the undersigned may

retain copies of the Information to comply with such purposes.

7. The undersigned may request Information on any of the

items of Collateral on Exhibit B by written request to David Crowle or Jeffrey

Holtman at DSCM by e-mail at [email protected] or

[email protected], respectively, or by telephone at (212) 457-8258.

Any such request shall set forth the CUSIP number, name of the security and

the address to which any such Information should be sent.


8/13



8. Paragraph 3 of this Agreement shall terminate, as it

relates to any particular asset, upon the earlier of (i) the undersigned's

purchase of such asset or (ii) two years from the date hereof. This Agreement

shall be governed by and construed in accordance with the laws of the State of

New York, without regard to the conflicts of laws provisions thereof.

Executed this _____ day of ______________, 2012.

{Insert Name of Bidder}

By:

Name:

Title:

EXHIBIT B

Description of Collateral and Bid Response Spreadsheet

Bids may be made by e-mail [email protected] or by fax to (212)

457-8269.

Be sure to include the following contact information:

Name:

Company: _________________________________ Tax ID

Street Address:

City: ___________________________ State: __________ Zip:

Phone: _______________________ Email:

Bloomberg Address: YES NO If "Yes", please include:

Additional information concerning the Collateral and matters pertaining to the

sales may be obtained by contacting David Crowle or Jeffrey Holtman at

[email protected] or [email protected] or

[email protected].

All bids are subject to the terms and conditions set forth in the Notice of

Public Sale and Invitation to Bid distributed in connection with this auction.


9/13



Public Sale No. 1: Thursday, July 19, 2012, 10:00 a.m. EDT

Lot # CUSIP Issue Asset Type Original Face Bid Price (S)

1 46602PAE9 IXCBO 2005-1A B1L ABS CDO 3,000,000.00

2 52902TAN6 LEXN 2005-1A D ABS CDO 3,000,000.00

3 363631AD4 GALL 2005-1A B1L CLO 3,000,000.00

4 378663AJ7 GLEAG 2005-1A D CLO 3,000,000.00

5 85431NAE9 STANZ 2006-1A B1L CLO 3,500,000.00

6 86613NAF4 Summit Lake CLO B-1L CLO 2,500,000.00

7 05947U4Q8 BACM 2005-6 J CMBS 3,000,000.00

8 12513EAW4 CD 2005-CD1 H CMBS 3,000,000.00

9 36828QQU3 GECMC 2005-C4 H CMBS 2,000,000.00

10 53944PAF9 LNR 2005-1 EFL CMBS 2,000,000.00

11 617451CB3 MSC 2005-HQ7 J CMBS 3,000,000.00

12 04541GLC4 ABSHE 2004-HE5 M7 Subprime 2,000,000.00

13 126673L83 AMIT 2005-2 M9 Subprime 3,000,000.00

14 00252FDA6 AMIT 2005-4 M8 Subprime 2,000,000.00

15 00252FDB4 AMIT 2005-4 M9 Subprime 1,000,000.00

16 03072SV77 AMSI 2005-R11 M7 Subprime 2,880,000.00

17 03072SK61 AMSI 2005-R7 M7 Subprime 3,000,000.00

18 073879SR0 BSABS 2005-AC2 1B2 Subprime 3,000,000.00

19 073879PX0 BSABS 2005-HE1 M7 Subprime 2,000,000.00

20 073879VM7 BSABS 2005-TC1 M7 Subprime 2,705,000.00

21 073879E79 BSABS 2005-TC2 M6 Subprime 2,388,000.00

22 152314PB0 CXHE 2005-C B1 Subprime 2,000,000.00

23 30246QBK8 FBRSI 2005-3 M8 Subprime 1,000,000.00

24 32027NUT6 FFML 2005-FF7 M8 Subprime 1,979,000.00

25 31659TDJ1 FMIC 2005-1 M9 Subprime 2,500,000.00

26 31659TEB7 FMIC 2005-2 M8 Subprime 2,116,000.00

27 31659TFF7 FMIC 2006-1 M6 Subprime 2,500,000.00

28 32113JAQ8 FNLC 2005-1 M14 Subprime 3,500,000.00

29 30246QCX9 FRBSI 2005-5 M9 Subprime 3,000,000.00

30 64352VLQ2 NCHET 2005-3 M7 Subprime 3,000,000.00

31 65536HBJ6 NHELI 2005-HE1 M7 Subprime 3,000,000.00

Public Sale No. 2: Thursday, July 19, 2012, 2:00 p.m. EDT

Lot # CUSIP Issue Asset Type Original Face Bid Price ($)

1 2254W0MS1 ARMT 2005-12 5M4 Prime/ Alt-A 1,530,000.00

2 362341PG8 GSAA 2005-11 B2 Prime/ Alt-A 1,500,000.00

3 362341UL1 GSAA 2005-MTR1 B2 Prime/ Alt-A 2,183,000.00

4 362334BZ6 GSAA 2006-3 B1 Prime/ Alt-A 2,638,000.00

5 2254W0LQ6 HEMT 2005-HF1 M8 Prime/ Alt-A 2,000,000.00

6 525221DY0 LXS 2005-8 1M4 Prime/ Alt-A 2,383,000.00

7 525221HX8 LXS 2006-1 1M6 Prime/ Alt-A 3,000,000.00

8 59020UQ99 MLMI 2005-A8 B2 Prime/ Alt-A 1,000,000.00

9 65535VRA8 NAA 2005-S4 B3 Prime/ Alt-A 3,000,000.00

10 68383NEG4 OPMAC 2006-1 M6 Prime/ Alt-A 2,000,000.00

11 785778MV0 SACO 2005-9 B2 Prime/ Alt-A 3,000,000.00

12 785778QB0 SACO 2006-1 M1 Prime/ Alt-A 3,000,000.00

13 00764MGP6 AABST 2005-4 B2 Subprime 2,000,000.00

14 04544GAQ2 ABSHE 06-HE4 M8 Subprime 2,000,000.00

15 04541GUV2 ABSHE 2005-HE8 M8 Subprime 3,000,000.00

16 004421QA4 ACE 2005-HE4 B1 Subprime 2,000,000.00

17 040104NL1 ARSI 2005-W2 M8 Subprime 3,000,000.00

18 040104QY0 ARSI 2005-W5 M9 Subprime 3,000,000.00

19 362341E88 BSABS 2005-TC2 M6 Subprime 1,424,000.00

20 32027NVK4 FFML 2005-FFH3 M8 Subprime 2,000,000.00

21 32027NXN6 FFML 2005-FFH4 M10 Subprime 3,000,000.00

22 35729PFA3 FHLT 2004-C M8 Subprime 2,000,000.00

23 32113JCA1 FNLC 2005-3 M7 Subprime 2,000,000.00

24 437084NK8 HEAT 2005-6 M8 Subprime 1,000,000.00

25 437084SD9 HEAT 2006-1 M7 Subprime 1,500,000.00

26 437084SE7 HEAT 2006-1 M8 Subprime 1,500,000.00

27 437084TR7 HEAT 2006-2 M8 Subprime 3,500,000.00

28 43709XAR2 INABS 2006-E M10 Subprime 1,625,000.00

29 45071KCE2 IXIS 2005-HE3 B2 Subprime 2,000,000.00

30 45071KDN1 IXIS 2006-HE1 B2 Subprime 2,500,000.00


10/13



31 46626LBB5 JPMAC 2005-FLD1 M9 Subprime 3,000,000.0032 542514RV8 LBMLT 2006-1 M8 Subprime 3,000,000.00

33 57643LQK5 MABS 2006-AM1 M10 Subprime 1,950,000.00

34 57643LNP7 MABS 2006-NC1 M8 Subprime 3,000,000.00

35 61744CYJ9 MSAC 2006-NC1 B2 Subprime 1,701,000.00

36 61744CXV3 MSAC 2006-WMC1 B2 Subprime 3,500,000.00

37 65535VLX4 NAA 2005-S2 B2 Subprime 2,411,000.00

38 64352VPH8 NCHET 2005-C M9 Subprime 3,000,000.00

39 66987WCV7 NHEL 2005-2 M9 Subprime 2,500,000.00

40 669884AN8 NHEL 2006-1 M8 Subprime 1,000,000.00

41 65536HCF3 NHELI 2006-FM1 M8 Subprime 989,000.00

42 68389FKY9 OOMLT 2006-1 M8 Subprime 2,500,000.00

43 69121PCR2 OWNIT 2006-1 M6 Subprime 1,000,000.00

44 73316PJK7 POPLR 2005-6 M4 Subprime 2,000,000.00

45 70069FMY0 PPSI 2005-WHQ4 M7 Subprime 3,500,000.00

46 75970NAW7 RAMC 2005-2 M8 Subprime 3,500,000.00

47 76112BUA6 RAMP 2005-RS6 M9 Subprime 3,000,000.00

48 76110W5Q5 RASC 2005-AHL2 M8 Subprime 1,000,000.00

49 76110W7L4 RASC 2005-KS11 M8 Subprime 2,560,000.00

50 76110WV86 RASC 2005-KS4 B1 Subprime 2,000,000.00

51 76113AAM3 RASC 2006-KS1 M6 Subprime 2,000,000.00

52 785778GG0 SACO 2005-5 1B3 Subprime 2,000,000.00

53 785778KU4 SACO 2005-7 B3 Subprime 1,000,000.00

54 81879MAL3 SGMS 2005-OPT1 M8 Subprime 3,000,000.00

55 84751PKL2 SURF 2006-BC1 B2A Subprime 3,000,000.00

56 83611MLG1 SVHE 2006-1 M7 Subprime 2,000,000.00

57 881561F90 TMTS 2005-18AL M5 Subprime 1,775,000.00

EXHIBIT C

Holders of Notes and Preference Shares:^*

05539MAA8, 05539MAB6, 05539MAD2, 05539MAE0, 05539H200, 05539MAC4

05539H309, G1088CAB5, G1088CAC3, G1088CAD1

Issuer:

BFC Genesee CDO Ltd.

c/o Walkers SPV Limited

Walker House


11/13



87 Mary Street

George Town, Grand Cayman KY1-9002

Cayman Islands

Attention: The Directors

Co-Issuer:

BFC Genesee CDO (Delaware) Corp.

c/o Puglisi & Associates

850 Library Avenue, Suite 204

Newark, Delaware 19711

Attention: Donald Puglisi

Rating Agencies:

Moody's Investors Service, Inc.

7 World Trade Center

250 Greenwich Street

New York, New York 10007

Attention: CBO/CLO Monitoring

Facsimile No.: (212) 553-0355

E-mail: [email protected]

Standard & Poor's

55 Water Street, 41^st Floor

New York, New York 10041-0003

Fax: (212) 438-2664

Attention: Structured Finance Ratings

Asset-Backed Securities CBO/CLO Surveillance

E-mail: [email protected]

Cap Provider:

AIG Financial Products Corp.

50 Danbury Road

Wilton, Connecticut 06897-4444

Attention: Chief Financial Officer

Synthetic Security Counterparty:


12/13



JPMorgan Chase Bank, National Association (successor to Bear, Stearns

International Limited)

245 Park Avenue

New York, New York 10017-2507

Attention: Raymond Richards

Paying and Transfer Agent:

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: CDO Trust Services - BFC Genesee CDO Ltd.

Collateral Manager:

Braddock Financial Corporation

Tabor Center

1200 17th Street, Suite 880

Denver, Colorado 80202

Attention: Matt Talkington

Irish Stock Exchange:

The Company Announcements Office

The Irish Stock Exchange

28 Anglesea Street

Dublin 2 Ireland

Facsimile No.: + 353 1 677 6045

E-mail (in Microsoft Word format): [email protected]

Irish Listing Agent:

Grant Thornton

24-26 City Quay

Dublin 2, Ireland


13/13


This announcement has been issued through the Companies Announcement Service

of

the Irish Stock Exchange.

------------------------------------------------------------------------------

* The Trustee shall not be responsible for the use of the CUSIP, CINS, ISIN

or Common Code numbers selected, nor is any representation made as to their

correctness indicated in the notice or as printed on any Note or Preference

Share. The numbers are included solely for the convenience of the Holders.

This information is provided by RNS

The company news service from the London Stock Exchange

END

ISESSSFLMFESEIW -0- Jul/06/2012 14:50 GMT

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Documents

GSAA Home Equity Trust 2005-15, Tranche B2 (CUSIP 362341E88) - BFC Genesee Limited CDO