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Autoflorence 3 S.R.L.: 28 July 2023

The principal source of payment of interest and repayment of principal on the Notes will be the collections made in respect of monetary claims and connected rights arising out of consumer loan agreements entered into by Findomestic Banca SpA, as Originator, and certain Debtors, and purchased by the Issuer from the Originator pursuant to the Master Receivables Purchase Agreement.

Eligibility / common criteria (include): Loans in respect of which Findomestic is the only lender; Loans whose Debtors are individuals resident and domiciled in the Republic of Italy; Loans granted pursuant to Loan Agreements governed by the laws of the Republic of Italy; denominated in euro that do not contain provision for the conversion of the Loan into any other currency; Loans disbursed for the only purpose of financing the supply of the Vehicles; at least two Instalments have become due and payable; no Instalment is due and unpaid.

The portfolio comprises 53,219 fixed-rate loans advanced to 53,056 clients, where the average principal due is Eur9,395. Repayment type: French Amortisation - 100%. The WA seasoning is 13.46 months. Regional distribution: Lombardia – 25.87%, Piemonte – 10.02% and Veneto – 9.65%.

EU & UK Risk Retention: The Originator has undertaken that, from the Issue Date, it will retain, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation, in accordance with option (a) of Article 6(3) of the EU Securitisation Regulation and of Article 6(3) of the UK Securitisation Regulation.

US Risk Retention: The securitisation will not involve risk retention by the Originator for the purposes of the final rules promulgated under Section 15G of the Securities Exchange Act of 1934. The Originator intends to rely on an exemption provided for in Section __.20 of the US Risk Retention Rules regarding non-US transactions that meet certain requirements.

Compare/contrast: Autoflorence 2 SRL, Koromo Italy SRL, Quarzo SRL (2023)