This website is using cookies
This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

Sabadell Consumer Finance Autos 1, FT: 02 October 2023

A securitisation of Spanish auto loans from originator Sabadell Consumer.

The portfolio consists of 94,801 auto loans, where the average current balance is Eur8,770 and the largest is Eur64,396. Client type: individual – 97.08%, company – 2.92%. Vehicle type: used – 74.68%, new – 25.32%. Borrower Concentration: top 1 – 0.01%, top 10 – 0.07%. The WA seasoning is 36 months. Regional concentration: Andalucia – 22.45%, Cataluña – 19.36%, Madrid – 10.81% and Valencia – 10.04%.

EU Risk Retention: Sabadell Consumer, as Originator, will undertake to retain, on an ongoing basis, a material net economic interest of at least 5% in the securitisation transaction in accordance with Article 6(3)(c) of the EU Securitisation Regulation.

STS: The transaction is intended to qualify as a simple, transparent and standardised securitisation (STS securitisation) within the meaning of Article 18 of the EU Securitisation Regulation.

Compare/contrast: Sabadell Consumo 2, Autonoria Spain 2023 FdT