FCT Ginkgo Debt Conso 2024: 31 May 2024

The funding strategy of the Fund is to issue debt securities and/or units and/or to borrow any sums in order to purchase credit receivables from certain entities of the Credit Agricole Group.

The Issuer will make payments on the Notes from payments received in respect of a portfolio comprising fixed rate unsecured and secured debt consolidation loan receivables under or in connection with the Loan Agreements originated by the Seller.

In accordance with the Master Receivables Sale and Purchase Agreement, the Issuer shall purchase Additional Receivables on each Purchase Date falling after the Issuer Establishment Date and until the Payment Date falling in May 2027 (the Revolving Period Scheduled End Date).

The initial pool (at 30 April 2024) comprises of 41,632 debt consolidation fixed-rate loans advanced to 41,617 borrowers, where the average outstanding principal balance per borrower is Eur42,050. Product type (by current balance): Creditlift Unsecured – 77.88%, Sofinco Unsecured – 11.34% and Creditlift Secured – 10.78%. The WA seasoning is 34 months. Region of Residence: Ile de France – 11.93%, Nord Pas de Calais – 8.07 and Rhone Alpes – 7.37%.

EU Risk Retention: As at the Issue Date, the Seller intends to retain a material net economic interest of not less than 5% in the Securitisation through the holding of not less than 5% of the nominal value of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes in accordance with Article 6(3)(a) of the EU Securitisation Regulation.

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

STS: The securitisation is intended to qualify as a EU STS securitisation within the meaning of Article 18 of the Regulation (EU) 2017/2402 of the European Parliament.

Compare/contrast: FCT Ginkgo Debt Conso (Compartment 2015-1), FCT Ginkgo Personal Loans 2023, FCT Noria 2023