Investor Presentaiton
Appendix
Home loan eligibility criteria 35
a. All lending criteria and conditions precedent as applied by the originator of the Home Loan pursuant to its customary lending procedures were
satisfied
b. The purpose of the Home Loan is either to buy, to renovate, to build or to refinance a residential real estate property
c. The underlying property is located in France
d. The Home Loan is governed by French law
e. The Home Loan is denominated in Euro
f. The Home Loan bears a fixed interest rate
g. All sums due under the Home Loan (including interest and costs) are secured by a fully effective Home Loan Security
h. When the relevant Home Loan is guaranteed by a Home Loan Guarantee, the borrower is contractually prevented from constituting a Mortgage
on the underlying property without the previous consent of the originator
i.
On the relevant Selection Date, the current principal balance of such Home Loan is no more than EUR1m
j.
On the relevant Selection Date, the loan-to-value of the Home Loan is no more than 100%
k. When the relevant Home Loan is guaranteed by a Home Loan Guarantee, on the date upon which it has been made available to the borrower
thereof, the loan-to-income ratio (taux d'effort) of this borrower was not above 33%;
I.
On the relevant Selection Date, the remaining term for the Home Loan is less than 30 years
m. On the relevant Selection Date, the borrower under the Home Loan has paid at least 1 instalment in respect of the Home Loan
n. the borrower under the relevant Home Loan is either (i) an individual who is not an employee of the originator of such relevant Home Loan or (ii) a
"SCI patrimoniale" (provided that the shareholders of such SCI shall only be individuals)
o. The Home Loan is current (i.e. does not present any arrears) as at the relevant Selection Date
p. The Home Loan is either monthly or quarterly amortizing as at the relevant Selection Date
q. The borrower under the Home Loan does not benefit from a contractual right of set-off
r.
The opening by the borrower under the Home Loan of a bank account dedicated to payments due under the Home Loan is not a condition
precedent to the originator of the Home Loan making the Home Loan available to the borrower under the Home Loan
s. Except where prior Rating Affirmation has been obtained, no amount drawn under the Home Loan is capable of being redrawn by the borrower
thereof (i.e. the Home Loan is not flexible)
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