Green Lion 2024-1 BV: 16 July 2024

The Issuer will make payments on the Notes from payments of principal and interest received from a portfolio solely comprising owner-occupied mortgage loans originated by the Seller and secured over residential properties located in The Netherlands.

As at the provisional pool date (29 February 2024) the portfolio consisted of 3,289 performing loans (in 6,451 loan parts) where the average balance per borrower was Eur320,161. Redemption type: French – 76.50%, Bullet – 19.82% and Linear – 3.68%. Interest Payment Type: fixed – 99.81%, floating – 0.19%. The WA CLTOMV is 73.96% (WA OLTOMV was 78.05%) and the WA seasoning is 1.99 years. Regional distribution: Zuid-Holland – 27.38%, Noord-Holland – 22.49% and Noord Brabant – 11.23%.


EU & UK Risk Retention: The Seller, as 'originator' within the meaning of Article 2(3)(a) of Regulation (EU) 2017/2402 and Article 2(3)(a) of the EU Securitisation Regulation as it forms part of domestic law of the United Kingdom, will retain, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation. As at the Closing Date, such material net economic interest will be satisfied by holding the Class B Notes.

US Risk Retention: The Seller intends to rely on an exemption provided for in Section 20 of Regulation RR (17 C.F.R. Part 246) implementing the risk retention requirements of Section 15G of the US Securities Exchange Act of 1934 regarding non-US transactions that meet certain requirements.

STS: On the Closing Date, it is intended that a notification will be submitted to ESMA, DNB and AFM by the Seller, in its capacity as originator under the EU Securitisation Regulation, 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 will be met.

Compare/contrast: Green Lion 2023-1, Green Storm 2024 BV