24-7 Finance Srl

This will be the first public securitisation from originator B@nca 24-7 SpA which is a company
of the UBI Banca Group specialising in mortgage loans, personal loans, salary backed loans
and credit cards. The parent is based in Bergamo, has the fifth largest domestic network in Italy
(1,920 branches), and over 4 million customers.

The portfolio comprises of 21,573 debt obligations (to 21,486 borrowers) arising out of resident-
ial mortgage loans qualifying as mutui fondiari and mutui ipotecari and classified as performing by
the Originator. Qualification criteria (for the portfolio) includes: the loans are denominated in Euros;
all loans are governed by Italian law; the loans are guaranteed by first economic mortgage priority
in favour of the Originator; at least an Instalment have been paid; the residual principal debt is not
higher than Eur500,000; loans are paid by monthly instalments;

The average current balance is Eur116,102 with a WA current LTV of 78.95%. WA seasoning is
2.14yrs. The portfolio is highly granular with the top borrower accounting for just 0.025% of out-
standings, the top 10 for 0.206%, and the top 50 for 0.849%.

By current balance, 47.60% are subject to variable rates, 28.33% to fixed rates, and 24.07% to
flexible rates. Geographic concentration (by current balance); Northern Italy 53.21%, Southern
Italy 30.97%, and Central 15.82%.

Compare/contrast: Romagna Finance S.r.l, Adriatico Finance RMBS Srl, Asti Finance S.r.l
Romagna Finance S.r.l. Adriatico Finance RMBS Srl Asti Finance S.r.l. (2008)