FCT LCL Personal Loans 2025: 01 June 2025

A stand-alone transaction, where the Issuer will make payments on the Notes from payments received in respect of a portfolio comprising fixed rate unsecured consumer loan receivables under or in connection with the Loan Agreements originated by the seller. The Loan Agreements have been (or will be) originated by Crédit Lyonnais (“LCL”) in France.

Receivables will be purchased by the Issuer on the First Purchase Date, being the Closing Date, and any Payment Dates during the Revolving Period (ending May 2028).

The initial pool (as at 30 April 2025) consisted of 301,372 fixed-rate receivables advanced to 268,540 borrowers, where the average outstanding principle balance per receivable is Eur8,325. The WA seasoning is 18mnths. Regional concentration: Ile-de-France – 32.44%, Provence-Alpes-Côte d'Azur – 11.63% and Auvergne-Rhône-Alpes – 11.27%.

EU Risk Retention: The Seller, as “originator” for the purposes of Article 6(1) of Regulation (EU) 2017/2402 of the European Parliament, has undertaken that for so long as any Listed Note remains outstanding it will retain on an ongoing basis a material net economic interest in the securitisation of not less than 5%. As at the Issue Date, the Seller intends to retain such interest through the holding of all Class D Notes.

US Risk Retention: The issuance of the Notes has not been designed to comply with the US Risk Retention Rules other than the exemption under Section _.20 of the US Risk Retention Rules.

STS: The securitisation is intended to qualify as a EU STS securitisation within the meaning of Article 18 of the Regulation (EU) 2017/2402 of the European Parliament.

Compare/contrast: FCT Ginkgo Sales Finance 2024