Amalia SPV S.r.l.: 27 December 2019

This transaction is a synthetic securitisation of a static portfolio of Italian payroll-deductible loans which have been extended to borrowers in Italy and have been originated by BNL Finance S.p.A. (part of BNP Paribas group). The loans are collateralised by the debtor’s salary or pension and, for private employees, by any accrued severance amount. The instalments cannot exceed 20% of the borrower’s net monthly salary or pension for CQS loans and 50% for Delegazione di Pagameto loans.