Indigo Lease S.r.l.: 17 December 2016

The proceeds of the issue of the notes will be applied to fund the purchase of a pool of monetary claims and other connected rights arising out of a portfolio of auto lease contracts originated by IFIS Leasing S.p.A. (previously incorporated under the name of GE Capital Servizi Finanziari S.p.A.).

The portfolio consists of 32,273 leases (23,923 debtors/lessees, 22,715 debtors/groups), where the average outstanding amount is: per Contract – Eur15,140; per Lessees – Eur20,425; per Group – Eur21,511. The top debtor accounts for 0.37% of current balances, the top 10 for 1.44% and the top 50 for 3.85%. Interest rate (by current balances): floating 66.3%, fixed 33.7%. Assets (by current balances): new cars 77.8%, used cars 16.2% and imported cars 6.0%. Regional concentration: Lombardia 21.1%, Veneto 12.3%, Emilia-Romagna 11.6% and Piemonte 9.4%.


CRR 405: The Originator will retain a material net economic interest of at least 5% in the securitisation in accordance with Article 405. As at the Issue Date, such interest will comprise an interest in the Junior Notes as required by Article 405, paragraph 1, letter (d) of the CRR, Article 51 of the AIFMR and Article 254, paragraph 2(d) of the Solvency II Regulation. Any change to the manner in which this interest is held will be notified to investors.

Compare/contrast: Iccrea SME Cart 2016 S.r.l, Locat SV S.r.l.