humm ABS Trust 2023-1: 09 November 2023

A securitisation backed by a pool of Australian unsecured consumer receivables, branded “humm” and originated by humm BNPL Pty Ltd.

As at the cut-off date (16 August 2023) the pool consisted of 73,063 contracts, where the average contract balance was A$4,120. Industry distribution: solar – 35.56%, Medical Services – 28.16%, Furniture / Bedding New – 6.27%. Regional distribution: NSW – 28.68%, QLD – 23.82%, VIC – 22.79%. The WA seasoning is 8.9 months.

UK & EU Risk Retention: On the Closing Date and thereafter on an ongoing basis for so long as any Offered Notes remain outstanding, the Originator will retain a material net economic interest of not less than 5% in the securitisation transaction in accordance with the text of Article 6(1) of the EU Securitisation Regulation and a material net economic interest of not less than 5% in the securitisation transaction in accordance with the text of Article 6(1) of the UK Securitisation Regulation.

US Risk Retention: It is intended that the Offered Notes will be issued under the “safe harbor” for certain foreign transactions pursuant to the risk retention rules set out in section 15G of the Securities Exchange Act of 1934 of the USA regarding non-US transactions that meet certain requirements.