Sunrise SPV Z70 (2024-2): 21 September 2024

The primary source for the payment of interest and the repayment of principal under the Notes will be collections made in respect of consumer loan receivables and connected rights due under consumer loan agreements and personal loan agreements granted to the debtors thereunder by Agos Ducato SpA (the Originator).

Eligibility for inclusion in the pool (includes): the receivables are denominated in Euro; the relevant Consumer Loan Agreements are governed by Italian law; the loans provide for a prearranged amortising plan; all debtors have made timely payments of the first and second instalments; the receivables have a fixed interest rate; no debtor has had payment obligations vis a vis Agos classified as defaulted receivables; none of the receivables has any instalment due and unpaid.

The portfolio consists of 175,309 contracts, where the average outstanding amount per borrower is Eur6,277 and the largest contract is for just Eur67,944. WA seasoning is 7.53 months. Pool distribution:

Pool........................O’standing Principal...O’standing Principal %....No.of contracts...No.of contracts %
New Vehicles................. 69,138,066............. ... 6.28%................. ....... 10,527....... .. ........ 6.00%
Used Vehicles..... ......... 97,365,750.......... ...... 8.85%........................ 11,183........... ....... 6.38%
Personal Loans. ...........792,650,196....... ......... 72.03%........ ............. 62,525............ ..... 35.67%
Furniture..………........ . 91,523,193......... ........ 8.32%...................... . 47,575............ ..... 27.14%
Special Loans…..…...... 49,796,507......... ....... . 4.53%........................ 43,499.............. ... 24.81%

EU & UK Risk Retention: Agos will retain a material net economic interest of at least 5% in the securitisation for the purposes of Article 6 of the EU Securitisation Regulation and Article 6 of the UK Securitisation Regulation. For such purposes, the Originator has undertaken that it will retain at the Issue Date and maintain, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation through the holding of at least 5% of the nominal value of each Class of Notes.

STS: The securitisation is intended to qualify as a simple, transparent and standardised securitisation within the meaning of Article 18 of Regulation (EU) no. 2402 of 12 December 2017.

Compare/contrast: Sunrise SPV 95 (2024-1), Brignole CO 2024 Srl, Quarzo Srl (2024)