Investor Presentaiton

HSBC SFH Legal features and structure - Protecting Investors ☐ Dedicated issuing entity with a limited business purpose - Specialised credit institution licensed as a Société de Financement de l'Habitat, with a purpose limited by the law to the sole refinancing of eligible assets originated by the Borrower Regulated by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR - French financial regulator) Specific insolvency regime 30 Privilege (legal preferential claim and absolute seniority of payments over all creditors) granted to investors by the Art. L.513-11 of the French Financial and Monetary Code (FMFC) for covered bonds with the form of Obligations de Financement de l'Habitat (OH) Regulated covered bonds exempted from bail-in (BRRD) ■ Transfer of collateral 30 - - Valid and enforceable legal transfer of full title as security under the European Collateral Directive and as per the collateral provisions of the articles L. 211-36 to L. 211-40 of the FMFC Collateral Security HSBC France Borrower Administrator Issuer Calculation Agent Borrower Advances Loan Receivables HSBC SFH (France) The Issuer Cash Covered Bonds - Dual recourse on the cover pool and on HSBC France Investors 27

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