TREVA Equipment Finance S.A. Compartment 2024-1: 01 July 2024

The transaction is backed by a portfolio of equipment lease receivables relating to a wide range of equipment including machinery, vehicles, IT, telecommunication, transportation and e-mobility equipment.

At the cut-off date (31 May 2024) the portfolio consisted of 118,415 Lease Contracts, contracted with 25,113 Lessees and 22,234 Lessee Groups. The Average Discounted Balance per Contract is Eur4,222 and per Lessee Eur19,910. Contract Type: Finance Lease – 61.96%, HP – 38.04%. Obligor Regulatory Class: retail – 78.61%, corporate – 13.17%, SME – 8.22%. Obligor concentration: top 1 – 0.13% (discounted balance), top 5 – 0.65%, top 20 – 2.39%. Regional concentration: Nordrhein-Westfalen – 23.76%, Baden-Wuerttemberg – 13.85%, Bayern – 16.26% and Niedersachsen – 12.47%.

EU & UK Risk Retention: The Seller, as originator for the purposes of the EU Securitisation Regulation and the UK Securitisation Regulation, will retain for the life of the transaction a material net economic interest of not less than 5%. As of the Issue Date such interest will, in accordance with Article 6(3)(d) of the EU Securitisation Regulation and Article 6(3)(d) of the UK Securitisation Regulation, be retained through the holding of the Class M Notes and the granting of the Subordinated Loan.

US Risk Retention: The issuance of the Notes was not designed to comply with the US Risk Retention Rules other than the exemption under Section _.20 of the US Risk Retention Rules.

STS: As of the Issue Date, the transaction is intended to meet the requirements for simple, transparent and standardised non-ABCP securitisations provided for by Articles 19 to 22 of the EU Securitisation Regulation.

Compare/contrast: TREVA Equipment Finance SA Compartment 2021-1, abc SME Lease Germany (Compartment 9)