Sunrise SPV 40 (2018-1): 06 July 2018
The primary source for the payment of interest and the repayment of principal under the Notes will be collections made in respect of consumer loan receivables and connected rights due under consumer loan agreements and personal loan agreements granted to the debtors thereunder by Agos Ducato S.p.A. (the Originator).
Eligibility for inclusion in the pool (includes): the receivables are denominated in Euro; the relevant Consumer Loan Agreements are governed by Italian law; the loans provide for a prearranged amortising plan; all debtors have made timely payments of the first and second instalments; the receivables have a fixed interest rate; no debtor has had payment obligations vis a vis Agos classified as defaulted receivables; none of the receivables has any instalment due and unpaid.
The portfolio consists of 198,053 contracts, where the average outstanding principal is Eur6,059 and the largest contract is for just Eur67,575. WA seasoning is 1630 months. Pool distribution:
Pool.............................O’standing Principal...O’standing Principal %....No.of contracts...No.of contracts %
New Vehicles.................... 96,040,683............. .... 8.00%.................... .....14,255....... .............7.20%
Used Vehicles.................... 73,504,002.................. 6.13%...................... ....10,088....................5.09%
Personal Loans..................933,924,453................ 77.82%..................... ....75,971..................38.36%
Furniture Loans.................. 59,311,767................. ..4.94%...........................32,201..................16.26%
Other Loans…................... 37,253,102................... 3.10%...........................65,538..................33.09%
CRR/405: Agos will retain a material net economic interest of at least 5% in the securitisation in accordance with Article 405 of the CRR and Article 51 of the AIFMR by maintaining (on an ongoing basis) a material net economic interest of not less than 5% in the securitisation through the holding of at least 5% of the nominal value of each Class of Notes.
Compare/contrast: Sunrise SPV 20