BL Consumer Credit 2021: 26 March 2021

Buy Way, the originator, is the point of sale credit leader in Belgium and Luxembourg and has developed its model based on partnerships with major players in the retail industry (including but not limited to Auchan, Ikea Belgium, Vanden Borre, Fnac, Media Markt, and Metro). The Buy Way group employs around 250 professionals and has more than 350,000 customers. As at 31 December 2019, Buy Way’s total amount of credit outstanding was EUR 327 million, compared to EUR 301 million as at 31 December 2018.

Buy Way is 100% owned by Buy Way Consumer Finance which is, in turn, majority owned by funds managed by Chenavari Investment Managers.

The Initial Portfolio as of 28 February 2021

………………………………………Revolving Loans ……Instalment Loans ……… Total
Total no. of consumer loans: ………….159,765 …………….17,958 ………………177,723
Borrowers …………………………….... 122,397 …………….17,285 ………………139,682
Av Outstanding per borrower ………….. 1,667 …………… . 4,891 ……………….. 2,066
WA Seasoning (years)…………………… 5.95 ……………….1.41 ………………… 4.62



EU & UK Risk Retention: The Seller, in its capacity as originator, has undertaken to retain a material net economic interest of not less than 5% in the transaction in accordance with (i) Article 6(1) of the EU Securitisation Regulation and (ii) Article 6(1) of the UK Securitisation Regulation, as long as the Notes have not been redeemed in full. As at the Closing Date, such material net economic interest will be held by the Seller by the retention of 5% of the nominal value of each of the Classes of Notes sold or transferred to investors.

STS: The Seller as Originator intends to submit an STS notification to ESMA on or prior to the Closing Date in accordance with Article 27 of the Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017.