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Caixabank PYMES 10 FdTdA : 04 December 2018

A cash-flow securitisation where the underlaying assets were originated in the ordinary course of business by CaixaBank S.A. The portfolio contains two asset types, unsecured receivables and mortgage receivables.

Eligibility criteria for both asset classes (includes): all borrowers are individuals and residents in Spain; all receivables are granted to SMEs or self-employed individuals; no receivables have been restructured or stem from a refinancing operation; no receivables are more than 90 days in arrears; all receivables are denominated in euros.

The portfolio (as at 23 October 2018) consists of 65,807 loans, advanced to 57,714 borrower groups. The average loan size is Eur52,700. Interest rate type (by current balances): floating – 65.6%, fixed – 34.4%. Overall, the portfolio is highly granular and well diversified, with the largest obligor making up just 0.6% of the portfolio and the ten largest accounting for 3.8%. The WA seasoning is 2.67 years. Regional concentration: Catalonia – 30.4%, Valencian Community – 11.9% and Andalusia – 11.4%.

EU Risk Retention: In compliance with Article 405 of Royal Decree (EU) 575/2013 of the European Parliament and of the Council, of June 26th, on prudential requirements for credit institutions and investment firms, and Amending Regulation (EU) 648/2012, the Originator (CaixaBank) will retain, on an ongoing basis, a material net economic interest in the terms required by the Regulation in the securitisation transaction.