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Domi 2024-1 B.V.: 16 June 2024

The seventh standalone issue from originator Domivest where the Issuer will make payments on the Notes from, among other things, payments of principal and interest received from a portfolio comprising of Mortgage Loans originated by the Seller and secured over non-owner occupied residential and mixed-use real estate properties located in the Netherlands.

As at the provisional portfolio cut-off date (30 April 2024) the pool consisted of 1,015 first-lien loans (in 1,290 loan parts) advanced to 920 borrowers. The average current loan balance is Eur316,980. Borrower Type (by current balances): natural person – 84.08%, corporate entity – 15.92%. Interest Rate Type: interest only – 98.95%, linear – 1.05%. The CLTV is 65.85% (the WA OLTV was 68.92%) and the WA seasoning is 27.16 months. Regional distribution: Noord-Holland – 32.55%, Zuid-Holland – 22.73%, Noord-Brabant – 14.84% and Groningen – 6.03%.

EU & UK Risk Retention: The Seller will retain, as originator, 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 and in accordance with Article 6 of the UK Securitisation Regulation as if it were applicable to it. As at the Closing Date, such material net economic interest will be held in accordance with paragraph 3 item (c) of Article 6 of the EU Securitisation Regulation by holding randomly selected exposures, equivalent to not less than 5% of the nominal value of the securitised exposures, where such non-securitised exposures would otherwise have been securitised in the securitisation.

US Risk Retention: The Seller, as the sponsor under the US Risk Retention Rules, does not intend to retain at least 5% of the credit risk of the securitised assets for purposes of compliance with the final rules promulgated under Section 15G of the Securities Exchange Act of 1934, but rather 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.

STS: It is intended that a notification will be submitted to ESMA and DNB by the Seller, as originator, in accordance with Article 27 of the EU Securitisation Regulation, confirming that the requirements of Articles 19 to 22 of the EU Securitisation Regulation for designation as a EU STS securitisation (the EU STS Requirements) have been satisfied with respect to the Notes.

Compare/contrast: Domi 2023-1, Jubilee Place 6 BV, Saecure 22 BV