Asti Finance S.r.l

The original Asti Finance transaction, from originator Cassa di Risparmio di Asti S.p.a, which
closed in December 2005 combined residential, commercial, and SME loans, so this deal will
be the first “true” RMBS transaction from the originator.

The collateral will consist of 5,435 residential loans granted to individuals, sole proprietarships,
and self-employed individuals. Floating rate loans account for 70.9% of the pool, fixed for 23.6%,
and hybrid-type for 5.5% of the pool. All loans have been originated by Cassa Asti ( although
91% were originated through brokers), and all loans in the pool are classified as performing,
and have never been classed as non-performing. The average loan size is Eur94,410 with WA
seasoning of 24mnths, and a WA current LTV of 65.0%.

As a regional bank. concentration is 99.63% in the north of Italy (its home base), with around
41% of the properties concentrated in the Asti province.


Compare/contrast: Asti Finance 2005, MARS 2600 S.r.L.
Asti Finance S.r.l. (2005)MARS 2600 S.r.L (Series 2).