Robusta 2024-1 Trust: 03 December 2024

This is a residential mortgage securitisation from BNK. BNK Banking Corporation Limited is an ASX-listed financial services firm with activities in banking, residential and commercial lending and servicing of independent residential mortgage brokers. BNK has operated as an APRA-regulated Bank for over 40 years. BNK’s customers benefit from the Australian government deposit guarantee scheme for deposits up to A$250,000.

All of the Receivables comprised in the Receivables Pool have been originated by the Originator in the name of the Lender of Record and are secured by registered mortgages on properties located in Australia.

Eligibility Criteria (includes): The Receivable is denominated and payable only in Australian dollars; the Obligor in relation to the Receivable is not an SMSF; the Obligor in relation to the Receivable is not an employee of the Originator or any Related Body Corporate of the Originator; the Receivable must not be a Receivable used to fund the construction of a dwelling on Land; the Receivable does not impose an obligation on the Lender of Record to make available any further funding to the Obligor; the LTV of the Receivable (inclusive of fees) does not exceed 85%; if the Receivable permits the payment of interest only, the maximum interest only period must not exceed 5 years; the Receivable does not have any payment due from the Obligor that is more than 30 days in arrears.

EU & UK Risk Retention: GS EMI, as originator, will retain a material net economic interest of not less than 5% in the securitisation in accordance with both EU & UK retention requirements, by holding no less than 5% of the nominal value of each Class of Notes sold or transferred to investors.

US Risk Retention: The transaction described in the Information Memorandum will not involve risk retention by BNK Banking Corporation Limited, GEM, GS EMI (or any other person) for the purposes of the US Risk Retention Rules and the issuance of the Notes was not designed to comply with the US Risk Retention Rules, but rather intends to rely on an exemption provided for in Section 20 of the US Risk Retention Rules regarding non-US transactions.