Allied Credit ABS Trust 2024-2: 17 September 2024

The Notes are backed by a pool of first-ranking Australian automotive loan receivables originated by entities related to Allied Credit Pty Ltd.

At the cut-off date (3 September 2024) the pool consisted of 15,612 contracts, where the average balance is A$38,432 and the largest is A$193,679. Borrower type: consumer – 61.5%, commercial – 38.5%. Asset Types (by no. of contracts/% of principal): motor vehicles – 15,342/98.8%, others – 270/1.2%. The WA seasoning is 7 months. Regional distribution: NDW – 31.4%, Vic – 27.5%, Queensland – 22.1% and WA – 10.5%.

UK & EU Risk Retention: Allied Credit Pty Limited as an “originator” will retain, on an ongoing basis, a material net economic interest of at least 5% in the securitisation transaction. As at the Closing Date, such interest will comprise the retention of no less than 5% of the nominal value of each of the classes of Notes sold or transferred to investors

US Risk Retention: This transaction will not involve risk retention by Allied Credit for the purposes of the US Risk Retention Rules, but rather will be made in reliance on an exemption provided for in section 20 of the US Risk Retention Rules regarding non-US transactions.

RBA Repo: The Trust Manager intends to make an application to the Reserve Bank of Australia for the Class A Notes to be "eligible securities" for the purposes of repurchase agreements with the RBA.