Autonoria DE 2023 FdT: 25 March 2023

Another securitisation transaction from Autonoria, whose funding strategy is to issue debt securities and/or units, and/or to borrow any sums in order to purchase consumer loan receivables from certain entities of the BNP Paribas Group.

Eligibility criteria (includes): each loan agreement applies to a borrower who is an individual that is deemed to have executed the agreement as a consumer; has a remaining maturity of at least 6 months; The Borrower is resident in Germany; the Loan Agreement is governed by German law and any related claims are subject to the jurisdiction of the German courts; is denominated and payable in Euros; amortises on a monthly basis; paid by automatic direct debit; there are no unpaid or outstanding instalments; at least two instalments have been paid.

The initial portfolio (as at 31 January 2023) consists of 44,516 loans, advanced to 44,206 borrowers. The average outstanding balance is Eur11,793 and the largest current loan is for Eur175,450. At cut-off, no contracts were in arrears. Vehicle type (by outstanding balance): used - 85.4%, new - 14.6%. The WA seasoning is 28.03 months. Regional concentration (by current balances): Nordrhein-Westfalen – 24.91%, Bayern – 15.28% and Baden-Württemberg – 8.67%.

EU & UK Risk Retention: The Seller as "originator" for the purposes of Article 6(1) of the EU Securitisation Regulation and Article 6(1) of the UK Securitisation Regulation has undertaken that, for so long as any Rated Note remains outstanding, it will retain on an ongoing basis a material net economic interest in the securitisation of not less than 5% in accordance with Article 6(3)(a) of the EU Securitisation Regulation and Article 6(3)(a) of the UK Securitisation Regulation through the retention of not less than 5% of the nominal value of the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes, the Class F Notes and the Class G Notes.

US Risk Retention: The transaction is not intended to involve the retention by a sponsor for purposes of compliance with the final rules promulgated under Section 15G of the Securities Exchange Act of 1934, as amended, but rather it is intended to rely on an exemption provided for in Rule 20 of the US Risk Retention Rules regarding non US transactions.

STS: The securitisation transaction described in the Prospectus is intended to qualify as an STS securitisation within the meaning of Article 18 of the Securitisation Regulation.

Compare/contrast: Autonoria 2019, Autonoria Spain 2022 FdT