Thetis Finance Auto 2026: 24 July 2026

Thetis Finance Auto 2026 is the third Thetis Finance transaction issued by Ares Lusitani – STC, S.A., a Portuguese securitisation company which operates primarily as a special-purpose vehicle (SPV) for securitisation transactions.

At the Cut-off Date (6 July 2026) the pool consists of 67,156 receivables, advanced to 66,699 obligors, where the average principle outstanding balance is EUR 11,913 with the largest being EUR 98,117. Vehicle status (by current outstandings): Used – 89.0%, New – 11.0%. The WA seasoning is 32 months. Regional concentration: Norte – 27.7%, Área Metropolitana de Lisboa – 26.3%, and Centro – 22.5%.

EU Risk Retention: The Originator will retain a material net economic interest of not less than 5% of the nominal amount of the securitised exposures, on an ongoing basis until the Final Legal Maturity Date required by Article 6(1) of the Securitisation Regulation.

STS: The securitisation is intended to qualify as a simple, transparent and standard securitisation under the Regulation (EU) no. 2017/2402 of the European Parliament.

Compare/contrast: Thetis Finance No.2, Silk Finance No.6