Investor Presentaiton
ODART 2023-1 overview
Capital Structure
Class A
$544,190,000
68.75%
Class B $96,570,000
12.20%
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ODART 2023-1 represents the 8th transaction from the ODART shelf since the program's inception in
2016
Compliant with US Risk Retention and EU/UK¹ Risk Retention requirements
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The Notes are issued from a discrete trust with a 3-year revolving period
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Subject to eligibility criteria and concentration limits
The Notes are subject to clean-up call at 20% of the initial note principal balance
If clean-up call is not exercised, the Notes will continue to amortize sequentially
Credit enhancement will consist of subordinated Notes, overcollateralization,
a cash reserve account and excess spread
Total Hard Credit Enhancement (% of Assets):
Class A: 31.75%
Class B: 19.55%
Class C $59,760,000
7.55%
Class D $49,480,000
6.25%
Class C: 12.00%
Initial OC $41,562,981
5.25%
- Class D: 5.75%
Reserve Account $3,957,815
0.50%
OneMain Financial. 1. Article 6(3)(d) retention/No Article 7 compliance.
In addition, initial excess spread for the transaction is estimated to be 13.67% per annum
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