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Performer Funding 1 PLC: 21 December 2023


The Issuer will make payments on the Notes and the Certificates from the payments of principal and interest it receives from borrowers pursuant to a portfolio of unsecured personal loan agreements originated by Lloyds Bank plc. These unsecured personal loan agreements provide for monthly payments over the term of the contract.

Eligibility Criteria (includes): each Receivable is denominated and payable in Sterling; is designed as a fixed-rate fully amortising unsecured personal loan agreement; has had at least one monthly payment made in respect of it by the Customer; has a tenor of at least six months; provides for the payment of fixed rate of interest on a monthly basis; is not a Defaulted Receivable.

At the cut-off date (30 September 2023) the provisional pool consisted of 355,494 receivable agreements, where the Average Current Outstanding Principal Balance is £8,982 and the largest is £50,571. The WA seasoning is 11.1 months. Geographical Region: Midlands – 17.7%, East Anglia – 13.2% and South Central – 12.7%.

Significant investor : On the Closing Date, the Seller will subscribe for all of the Class A Notes.

UK & EU Risk Retention: The Seller, as "originator" for the purposes of the UK Securitisation Regulation, will retain, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation in accordance with Article 6(1) of the UK Securitisation Regulation by retaining not less than 5% of the nominal value of each of the tranches sold or transferred to investors. In addition, the Seller, as "originator" for the purposes of the EU Securitisation Regulation will retain, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation in accordance with Article 6(1) of the EU Securitisation Regulation.

US Risk Retention: . The Retention Holder intends to comply with the requirements of the US Risk Retention Rules by acting as the "retaining sponsor" and acquiring on the Closing Date and retaining, either directly or through a majority-owned affiliate, the US Retained Interest in the form of an eligible vertical interest by retaining not less than 5% of the Principal Amount Outstanding of each Class of Notes and Certificates issued by the Issuer on the Closing Date.

STS: The Seller, as originator, does not intend to procure that a notification be submitted to the FCA in accordance with Article 27 of the UK Securitisation.

Compare/contrast: Pavillion Point of Sale 2021-1A plc, Polo Funding 2021-1 plc