Asimi Funding 2024-1 PLC: 27 July 2024

A stand-alone transaction, where the Issuer will make payments on the Notes and Certificates from a portfolio of unsecured consumer loans advanced by the Seller to individuals resident at the time of the initial advance in the United Kingdom and sold to the Issuer on the Closing Date.

Plata Finance Limited is a wholly owned subsidiary of Plata Holdings UK Limited which is in turn an indirect subsidiary of Silverstripe International Holdings LLC (US). Plata is a UK online/digital unsecured consumer lender and servicer which provides finance to customers through a proprietary technology platform. Prior to January 2022 Plata was known as “Zopa Limited” and was the original Zopa peer-to-peer consumer lender.

For statistics & stats tables on the initial portfolio please see the relevant sections of the prospectus (available via the www.euroabs.com website).

UK & EU Risk Retention: AG AssetCo Limited, the Retention Holder, acting as “originator”, will retain, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation at the Closing Date. Such interest will take the form of the Retention Holder holding not less than 5% of the nominal value of each Class of Notes.

US Risk Retention: The Seller 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. The transaction described herein is not structured to comply with the US Risk Retention Rules, and no party to the transaction intends to retain at least 5% of the credit risk of the securitised assets.

STS: The Notes and Certificates are not intended to be designated as a STS securitisation within the meaning of the EU Securitisation Regulation or the UK Securitisation Regulation.

Compare/contrast: PCL Funding IX Plc (Series 2024-1)