8-K 1 sal03nb1.txt MAY 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 27, 2003 SALOMON BROTHERS MORTGAGE SECURITIES VII, INC. Mortgage Pass-Through Certificates, Series 2003-NBC1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-83816-09 54-2105542 Pooling and Servicing Agreement) (Commission 54-2105543 (State or other File Number) 54-2105544 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On May 27, 2003 a distribution was made to holders of SALOMON BROTHERS MORTGAGE SECURITIES VII, INC., Mortgage Pass-Through Certificates, Series 2003-NBC1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-NBC1 Trust, relating to the May 27, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SALOMON BROTHERS MORTGAGE SECURITIES VII, INC. Mortgage Pass-Through Certificates, Series 2003-NBC1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 5/28/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-NB1 Trust, relating to the May 27, 2003 distribution.

~~Initial~~Salomon ~~Aggregate~~Brothers ~~Certificate~~Mortgage ~~Designation~~Securities VII, Inc. Mortgage Pass-Through ~~Rate~~Certificates ~~Principal~~Record ~~Balance~~Date: 4/30/03 Distribution Date: 5/27/03 SBMSVII Series: 2003-NBC1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-~~--------~~6600 Fax: (301) 815-~~----------------~~6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-~~----------------~~Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution AV-1 ~~Variable~~79549ASB6 $SEN ~~145~~5.56433% 140,~~500~~142,~~000~~336.0081 ~~Class~~649,832.17 6,233,250.69 AV-2 ~~Variable~~79549ASC4 $SEN 556.41648% 53,~~149~~773,~~000~~495.0031 ~~Class~~287,530.61 3,470,100.31 AV-3 ~~Variable~~79549ASD2 $SEN 736.00973% 72,~~406~~045,~~000~~356.0014 ~~Class~~360,810.90 5,440,506.01 AV-4 ~~Variable~~79549ASE0 $SEN ~~105~~5.32516% 102,~~016~~628,~~000~~463.0071 ~~Class~~455,427.34 ~~A-F~~1,846,044.05 AF 79549ASF7 SEN 6.2525000% ~~per~~191,014,644.91 ~~annum~~994,867.94 ~~$ 197~~14,~~025~~902,~~121~~214.0028 ~~Class~~ PO SAL03NBPO SEN 0.~~000~~00000% $ 7,~~970~~833,~~879~~450.29 0.00 ~~Class~~614,045.00 IO ~~Variable~~SAL03NBIO ~~Notional~~SEN ~~Class~~0.97859% 0.00 106,658.26 0.00 BV-1 ~~Variable~~SAL03NBV1 $SUB 5.70842% 18,~~204~~163,~~000~~079.0095 ~~Class~~86,402.04 32,559.99 BV-2 ~~Variable~~SAL03NBV2 $SUB 5.70842% 9,~~637~~615,~~000~~337.0037 ~~Class~~45,740.30 17,236.90 BV-3 ~~Variable~~SAL03NBV3 $SUB 5.70842% 7,~~282~~265,~~000~~631.0008 ~~Class~~34,562.71 13,024.71 BV-4 ~~Variable~~SAL03NBV4 $SUB 5.70842% 5,~~139~~127,~~000~~448.0024 ~~Class~~24,391.35 9,191.70 BV-5 ~~Variable~~SAL03NBV5 $SUB 5.70842% 4,~~070~~060,~~000~~851.0021 ~~Class~~19,317.53 7,279.67 BV-6 ~~Variable~~SAL03NBV6 $SUB 5.70842% 4,~~925~~914,~~879~~805.0089 ~~Class~~23,379.80 8,810.51 BF-1 SAL03NBF1 SUB 6.2525000% ~~per annum $~~ 4,~~361~~340,~~000~~665.0076 ~~Class~~22,607.63 16,683.20 BF-2 SAL03NBF2 SUB 6.2525000% ~~per annum $~~ 3,~~053~~038,~~000~~764.0064 ~~Class~~15,826.90 11,679.39 BF-3 SAL03NBF3 SUB 6.2525000% ~~per annum $~~ 1,~~854~~845,~~000~~355.0027 ~~Class~~9,611.23 7,092.56 BF-4 SAL03NBF4 SUB 6.2525000% ~~per annum $~~ 1,~~309~~302,~~000~~896.0047 ~~Class~~6,785.92 5,007.64 BF-5 SAL03NBF5 SUB 6.2525000% ~~per~~867,934.09 ~~annum~~4,520.49 ~~$ 872~~3,~~000~~335.0088 ~~Class~~ BF-6 SAL03NBF6 SUB 6.2525000% ~~per annum $~~ 1,~~636~~628,~~005~~376.0072 ~~Class~~8,481.13 6,258.61 R-I ~~N/A~~SAL03NBR1 $SEN ~~100~~5.34130% 0.00 ~~Class~~0.00 0.00 R-II ~~N/A~~SAL03NBR2 $SEN ~~100~~6.25000% 0.00 0.00 0.00 R-III SAL03NBR3 SEN 0.00000% 0.00 0.00 0.00 Totals 629,608,893.86 3,156,754.25 32,644,321.10

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