BL Consumer Issuance Series 2018-1: 30 March 2018
All of the notes (excluding the Class F Notes, which have been issued to solely fund the cash reserve fund) are backed by revolving credit receivables (including credit cards) which were originated by Buy Way Personal Finance SA in Belgium and Luxembourg.
Buy Way is a Belgian financial company specialising in credit cards, pre-paid cards and personal loans, and is the number one in point-of-sale consumer credit in Belgium and Luxembourg.
As at the provisional portfolio date (30 November 2017) the pool consisted of 142,953 client accounts (139,546 borrowers), with all the credit agreements governed by Belgian or Luxembourg laws. The WA seasoning is 6.56 years. There will be a 36 month revolving period