Brignole CQ 2024 S.r.l.: 30 September 2024

The principal source of payment of interest and of repayment of principal on the Notes will be the collections and recoveries made in respect of a portfolio of monetary claims and connected rights arising out of consumer loan agreements and entered into by Creditis Servizi Finanziari SpA (the Originator) and the relevant debtors, and purchased and to be purchased from time to time by the Issuer from the Originator pursuant to a master receivables purchase agreement.

Note, part of the Receivables comprised in the Initial Portfolio derive from portfolios of receivables originated by Creditis and previously transferred to Brignole CO 2022-1 Srl.

The Initial Portfolio as of the relevant Valuation Date is made of 14,116 loans (advanced to 13,872 debtors) with an average current loan amount equal to Eur12,435. WA seasoning is 29.8 months. Regional distribution: North – 54.7%, South – 26.0%, Centre – 19.3%.

EU & UK Risk Retention: Creditis, in its capacity as Originator, shall retain on an ongoing basis a material net economic interest of not less than 5% in the securitisation in accordance with Article 6(1) of the EU Securitisation Regulation and Article 6(1) of the UK Securitisation Regulation. As at the Issue Date, such retention will consist of an interest in 5% of the principal amount of each Class of Notes in accordance with Article 6(3)(a) of the EU Securitisation Regulation and Article 6(3)(a) of the UK Securitisation Regulation (as in effect at the Issue Date).

US Risk Retention: The Originator does not intend to retain at least 5% of the credit risk of the Issuer for the purposes of the US Risk Retention Rules, but rather intends to rely on an exemption provided for in Section 246.20 of the US Risk Retention Rules regarding non-US transactions.

STS: The securitisation is intended to qualify as a STS-securitisation within the meaning of Article 18 of Regulation (EU) no. 2017/2402 of the European Parliament and of the Council of 12 December 2017.

Compare/contrast: Brignole CQ 2022 Srl, Golden Bar Srl 2024-1