This website is using cookies
This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
x

Sunrise SPV 50: 25 November 2018


The primary source for the payment of interest and the repayment of principal under the Notes will be collections made in respect of consumer loan receivables and connected rights due under consumer loan agreements and personal loan agreements granted to the debtors thereunder by Agos Ducato S.p.A. (the Originator).

Eligibility for inclusion in the pool (includes): the receivables are denominated in Euro; the relevant Consumer Loan Agreements are governed by Italian law; the loans provide for a prearranged amortising plan; all debtors have made timely payments of the first and second instalments; the receivables have a fixed interest rate; no debtor has had payment obligations vis a vis Agos classified as defaulted receivables; none of the receivables has any instalment due and unpaid.

The portfolio (as at 30 September 2018) consists of 140,576 contracts, where the average outstanding principal is Eur7,825 and the largest contract is for just Eur69,327. WA seasoning is 10.30 months. Pool distribution:

Pool.............................O’standing Principal...O’standing Principal %....No.of contracts...No.of contracts %

New Vehicles.................... 95,018,227............. .... 8.64%.................... .....14,507....... .............10.32%
Used Vehicles.................... 69,566,056.................. 6.32%...................... ....8,140....................5.79%
Personal Loans..................874,640,829................ 79.51%..................... ....65,125..................46.33%
Furniture Loans.................. 39,150,532................. .3.56%...........................19,591..................13.94%
Other Loans…................... 21,687,451................... 1.97%...........................33,213..................23.63%


EU Risk Retention: Agos will retain a material net economic interest of at least 5% in the securitisation in accordance with Article 405 of the CRR and Article 51 of the AIFMR by maintaining (on an ongoing basis) a material net economic interest of not less than 5% in the securitisation through the holding of at least 5% of the nominal value of each Class of Notes.

Compare/contrast: Sunrise SPV 40, Golden Bar S.r.l 2018-1, Multi Lease (2018) AS S.r.l