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Orcinus 2023 B.V.: 16 August 2023

The Issuer will make payments on the Notes from payments of principal and interest received from a portfolio comprising mortgage loans originated by the Seller (ASR Levensverzekering NV) and secured over residential properties located in the Netherlands.

At the cut-off date (1 July 2023) the provisional pool accounted for 7,701 owner-occupied mortgages (in 19,790 loan parts) where the Average principal balance (per loan) is Eur241,050. Redemption type: Annuity – 49.66%, interest-only – 37.60% and savings – 4.44%. . Interest Payment Type: fixed – 99.58%. The WA CLTOMV is 67.90% (WA OLTOMV was 74.69%) and the WA seasoning is 3.51 years. Regional concentration: Zuid-Holland – 20.25%, Noord-Brabant – 17.32%, Noord-Holland – 16.09% and Gelderland – 12.62%.

EU & UK Risk Retention: The Seller has undertaken to retain, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation transaction in accordance with Article 6 of the Securitisation Regulation and in accordance with Article 6 of the UK Securitisation Regulation, by the retention by the Seller of the Class B Notes, representing an amount in total of not less than 5% of the nominal value of the securitised exposures.

STS: The transaction is intended to qualify as a STS securitisation within the meaning of Article 18 of the Securitisation Regulation.

Compare/contrast: Delphinus 2023-I, Vecht Residential 2023-1 BV