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FLAMENCO Lender Due Diligence May 2025 QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group

Contents 1 Background and Terms of Reference 2 Key Findings and Considerations 3 Data Integrity 4 File Completeness 5 Policies and Procedures 6 Underwriting 7 Loan Servicing 8 Vulnerable Customers 9 Complaints Log 10 Compliance 11 Cash Management QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 2

Background and Terms of Reference Terms of Reference The report is in relation to a due diligence exercise established and scoped by Goldman Sachs International ("GS") in respect of a Spanish performing and re-performing portfolio originated by a number of Spanish banks, that have merged into Banco Santander ("the Seller"). Quadrin Financial Services Limited ("Quadrin") conducted the assessment onsite at the Seller's offices in Juan Ignacio Luca de Tena 9, Madrid. Sampling The sample comprise of 100 loans. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 3

Key Findings and Considerations Observations and Considerations Metric Observation Status Consideration Data Integrity The quality of the data provided was generally good, with some issues noted across four different data fields. Charges have been correctly registered with no issues observed in the sample selected. The Seller should ensure the correctness of the interest rate applied and the cadastral references. File Completeness 14 valuation reports, 10 original deeds and 7 restructure deeds were not uploaded to the VDR and were not available in the Seller's system. Santander should provide the missing documentation. Policies and Procedures The procedures provided by Santander comply with the applicable legal framework in terms of consumer protection and anti-money laundering measures. None. Underwriting Some of the underwriting decisions both at initial and restructure stages did not meet internal and prudent lending criteria, specially in relation to LTV and age of the borrower at loan maturity. Special attention should be paid at those cases where the LTV exceeds 100% and the age of the borrower at loan maturity exceeds 85 years old. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 5

Key Findings and Considerations Observations and Considerations Metric Observation Status Consideration Loan Servicing Our review confirmed loans are serviced in compliance to internal criteria provided, with no deviations observed in the sample reviewed. Servicing notes and correspondence were available for all loans sampled. Collection notes and correspondence was found for all loans included in our sample except 2. The reason for arrears could not be assessed for half of the sample reviewed (50 cases). Santander is applying late fees to late payments. Evidence of forbearance applied to debtors was found in 28 cases, most of them related to Covid-19 and/or CBP. No issues were observed in the sample of collections reviewed. Santander should ensure the reason for arrears is captured by their collectors. Vulnerable Customers The treatment given by Santander to vulnerable borrowers is adequate. None. Complaints Log Santander did not provide a complaints register, which prevented Quadrin from completing the review of the complaints. Santander should provide a complaints log. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 6

Key Findings and Considerations Observations and Considerations Metric Observation Status Consideration Compliance Our review confirmed all loans had been originated, issued and serviced in compliance with regulations in place at the time of origination, with no issues noted. Santander confirmed that they are not applying abusive clauses, which is considered good practice. None. Cash Management Disbursements at origination and payments received were reviewed vs. the Seller's system, with no issues observed. None. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 7

Data Integrity Review Metric Observation Terms of the Review Using a sample of 100 loans, Quadrin was requested to check the following key data fields of the data tape to documentation, and where not available the Seller's IT system: Field Secured / Unsecured Status Maturity Date Outstanding Balance (i.e. including arrears) Days Past Due Next Interest Rate Index Reset Date Current Interest Rate Interest Rate Post Bonification / Bonus Bonification / Bonus End Date Grace Period Exit Date Date of Last Restructuring Asset Cadastral Reference Asset Bank Appraisal Value Asset Bank Appraisal Date Asset Bank Appraisal Type Lien Rank Using the sample of 100 loans Quadrin was requested to check the Seller has confirmed the charge has been registered for each loan by way of the Nota Simple. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 9

Data Integrity Review (cont.) Metric Observation Review (cont.) The data field Asset Bank Appraisal Type was not included in the data tape provided and could not be checked by Quadrin. A summary with the differences noted can be found below. Full details of the review can be found in the Flamenco - Data Integrity Review report provided separately. Field # % € % FINAL INTEREST RATE APPLIED POST-BONUS (%) 2 2.00 178,558.28 1.06 BANK APPRAISAL DATE 4 4.00 982,008.94 5.82 BANK APPRAISAL (€) 4 4.00 982,008.94 5.82 CADASTRAL REFERENCE 3 3.00 671,647.31 3.98 Total 13 0.93 Field # % € % Total number of loans with differences 8 8.00 1,527,401.42 9.06 Total number of loans with no differences 92 92.00 15,334,212.87 90.94 Total number of reviewed loans 100 100.00 16,861,614.29 100.00 QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 10

Data Integrity Review (cont.) Metric Observation Interest Rate Applied The Final Interest Rate Applied Post-Bonus (%) is defined in the data tape as the "Interest rate after rounding, cap, floor and bonus". The interest rate provided in the data tape did not match with the one reviewed in system for Loan IDs 004910661030003819 and 004933761030001157. Appraisal Date The Bank Appraisal Date is defined in the data tape as the "Last date in which the collateral was appraised", being the cut-off date 30th April 2025. In one case (Loan ID 004911561030024829) the appraisal date on the data tape was 6th November 2024; however, the most recent valuation found in system was dated 5th November 2023. In the other 3 cases (Loan IDs 004915221030000340, 004923401030502586 and 004951781030649111) last valuations had been made in 2024 according to the data tape; however, more recent reports (dated January and February 2025) were found within the scanned documentation in the Seller's system. Appraisal (€) 4 differences noted, corresponding to the 4 cases highlighted above. Cadastral Reference The cadastral reference provided in the data tape was checked vs. the notas simples scanned in the VDR and the cadaster websites www1.sedecatastro.gob.es (for assets located in any place of Spain, except the Basque Country and Navarra), www.navarra.es/es/hacienda/riqueza-territorial (for assets located in Navarra) and www.bizkaia.eus/es/catastro-de-bizkaia (for assets located in the Basque Country). The cadastral references in the data tape did not match the asset for Loan IDs 004911561030024829, 004927291030445237 and 004948031030604170). QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 11

Data Integrity Charge Registration Metric Observation Review The Seller provided an updated nota simple for each of the assets included in our sample. Our review confirmed charges have been correctly registered with no issues observed in the sample selected. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 12

File Completeness Review Metric Observations Terms of the Review Using the Sample of 100 loans, Quadrin was requested to check the completeness of mortgage documentation including application form, credit report, customer DD records, valuation report and mortgage deed. Quadrin was requested to confirm that the loan agreements were consistent with the templates provided for each product type / refinancing / restructure type. Within this sample, Quadrin was requested to check up to 50 loans to assess if interest rates had been reset according to the corresponding loan agreement and rate setting policy and law. The details of the review can be found in the following slides. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 14

File Completeness Completeness of Mortgage Documentation Metric Observations Review The following missing documents were observed in the sample reviewed: Document # Missing Documents Loan Application 1 Valuation Report 14 Original Mortgage Deed 10 Restructure Deeds 7 A summary of the review can be found in the following slide. Full details of the File Completeness review are available in the Flamenco - File Completeness, Underwriting & Servicing Review report provided separately. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 15

File Completeness Completeness of Mortgage Documentation (cont.) Metric Observations Loan Application A valid loan application was found for all files except for Loan ID 004948031030604170, where the valuation report and mortgage deed were also missing. Valuation Report Origination and/or updated valuation reports were found for all files except 14. This was referred to the advisor of the Seller, who confirmed they were still in the process of locating some of the reports. Original Mortgage Deeds Original mortgage deeds were not scanned in the VDR for 10 loans. This was referred to the advisor of the Seller, who confirmed they were currently dealing with notary offices to obtain enforceable copies of the missing deeds. Restructure Deeds 65 loans included in our sample had been subject to one or multiple restructures. A valid restructure deed was found at all instances, except 7. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 16

File Completeness Loan Template Consistency Metric Observations Review Santander did not provide copies of the loan agreements templates. It is worth noting that the loans were originated by multiple different Spanish banks, that overtime have merged into Banco Santander, hence it would be challenging for the Seller to recover vintage templates from banks which do not exist any longer. Quadrin reviewed the loan agreements for the sample of 100 loans, and it was confirmed that they are of standard nature and compliant with the mortgage legislation at the time they were originated. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 17

File Completeness Interest Rate Reset Metric Observations Review Quadrin selected a subsample of 50 loans to confirm if interest rate had been reset according to the corresponding loan agreement and rate setting policy and law. 49 loans in the sample had a variable rate, while 1 was mixed, with a fixed rate for 10 years and then changing to variable. All loans were referenced to the 12-month Euribor. 6 of them were on a capital grace period and were only paying interests as at the cut-off date. 17 loans were capped to 15% or 30% and one of them had a floor of 2.75%. A bonus varying from 0.20% to 1.20% was being applied to 4 loans. The interest rate reset date was checked vs. public sources, to ensure the correctness of the Euribor applied on the last interest rate reset. Our review confirmed interest rates are adequately reset, with no issues observed in the sample reviewed. Full details of the review are available in the Flamenco - Rate Reset Review report provided separately. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 18

Policy and Procedures Review Metric Observation Terms of the Review Quadrin was requested to check that the operational procedures of the servicer are being followed in accordance with the internal guidelines and criteria provided. Quadrin was requested to review the operational policies and procedures - Underwriting and Credit; Servicing and Arrears Management; Fraud; Complaints Management and Regulatory Compliance (where applicable) and test them against the sample to ensure they are followed and demonstrate adherence to Regulation and good market practice, identifying any weaknesses in the Lender's systems and controls. Quadrin was required to comment and provide feedback on any policies that it deems deficient or missing during the review. The results of the review are below. Lending and Recovery Criteria Santander provided a document outlining their lending and recovery criteria, specially prepared for Project Flamenco. The document outlines the lending and recovery policies of Banco Santander, with historical context from Banco Popular Español. The application requirements for Banco Santander included property documentation, income verification (tailored by employment type), and credit information (e.g., CIRBE). The approval process utilized automated systems with analyst review if flagged. Decisions depended on appraisal values and risk assessments. The key lending terms were as below: LTV up to 80% (exceptions for employees, restructurings, and foreclosed properties) Max term: 30 years (primary), 25 years (second homes) Borrower affordability limit: ? 40% of net income QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 20

Policy and Procedures Review (cont.) Metric Observation Lending and Recovery Criteria (cont.) Maximum age 85 years There was no formal policy for buy-to-let mortgages, which were treated as business loans with stricter terms (max 70% LTV, 15-year term). The legacy criteria for Banco Popular (pre-merging in 2018) where as below: LTV: 80% (first home), 60% (others), with exceptions including foreclosed properties, restructurings, and employee loans. Max term: 30-35 years Affordability rate: ? 35% Maximum age 75 years Popular used scoring/rating systems to assess risk and assign decision authority. The bank had a clear structure for escalations and approval based on risk levels and thresholds. Loan recovery of overseen by the Property Recovery and Management team, with a focus on early intervention and tailored recovery strategies. Customer protection and fair treatment is emphasized, including compliance with laws like RDL 6/12. Santander applies a phased recovery model, as below: Irregular (1-90 days late): Managed by branches, call centers, digital channels, and recovery managers. Delinquency (90-150 days): Adds external recovery firms for enforcement. Pre-litigation/Litigation (150+ days): Involves judicial processes or extra-judicial actions. Includes: QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 21

Policy and Procedures Review (cont.) Metric Observation Lending and Recovery Criteria (cont.) Restructuring: grace periods, term extensions (up to 50 years, LTV ? 100%), but no new loans for restructured clients. Deed in lieu: Property is returned in lieu of payment. Cash settlements: Partial forgiveness allowed. Post-Litigation Asset Management: Properties transferred to Santander's Property Management. Legal/commercial cleanup, market valuation, and sale via various channels. Sale price set based on book value, market conditions, and strategy (not negotiable except in rare cases). Special financing terms offered for buyers. The procedures provided by Santander comply with the applicable legal framework in terms of consumer protection (application of RDL 6/2012, emphasis on fair treatment, individual case evaluation, and consideration of economic and personal circumstances during recovery) and anti-money laundering measures (checks routed through the Money Laundering Prevention Department during the risk analysis and pre-sale phases). QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 22

Underwriting Review Metric Observation Terms of the Review Using the sample selected, Quadrin was requested to: Confirm the documents and underwriting decisions are in accordance with the lending and product guidelines provided; and Review the underwriting decisions made to confirm they meet with an underwriting standard commonly applied by a prudent lender in the jurisdiction. A summary with the results of the review is available in the following slide. Full details are available in the Flamenco - File Completeness, Underwriting and Servicing Review report provided separately. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 24

Underwriting Review (cont.) Metric Observation Compliance with Guidelines Provided Quadrin noted that underwriting decisions at origination did not meet the lending and product guidelines provided in 31 cases, due to the following reasons: Excessive LTV at loan origination. The policies of the lender establish a limit of 80% LTV (with exceptions for employees, restructurings, and foreclosed properties). Quadrin noted 25 cases where the LTV at loan origination exceeded 80%, in some cases going over 100% LTV, which does not comply with the guidelines provided. Excessive LTV at loan restructure. While the Seller's policy establish exceptions can apply for restructured loans, Quadrin noted 5 cases (which included restructures and new mortgage for debt consolidation) where the LTV exceeded 100% LTV. Age at maturity. The maximum age at maturity should not exceed 85 years old for Santander and 75 for Popular. In 7 cases the age at maturity at the time of originating the loan would exceed these burdens. Prudent Lending The following issues were noted in the sample reviewed: Loan term. The term of the loan should not exceed 40 years since loan origination. In 10 cases, the term exceeded 40 years after the loan was restructured. Terms exceeding 40 years due to Covid-19 or CBP extensions were not considered. LTV. The LTV at origination or after the loan was restructured was not considered prudent in 31 cases. Age at maturity. Prudent lending criteria recommend a maximum age at loan maturity of 75 years old. In 29 cases, the age at maturity of the loan will exceed 75 years old. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 25

Loan Servicing Review Metric Observations Terms of the Review Quadrin was requested to review up to 100 loans where the seller has taken remedial or enforcement action noting the lenders adherence to criteria and guidelines. This included a review of: Verify compliance and prudence to criteria and guidelines including standards expected of a prudent lender in the region; Review Servicing file notes & Correspondence; Collections correspondence - Reason for Arrears; Collections system notes; Collections approach to borrowers with multiple products; The application of fees and charges; Use of payment plans, arrears management techniques, loan modifications and any other forbearance measures including evidence of affordability and compliance with the Royal Decree 5/2017; Review policy on social housing/VPO; Use of litigation and any outsourced collections activities; and Review treatment of borrowers identified as vulnerable. For a sample of 20 loans, Quadrin was requested to check that the historical collections match the amounts due. A summary of the review can be found in the following slides. Full details are available in the Flamenco - File Completeness, Underwriting and Servicing Review report provided separately. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 27

Loan Servicing Review (cont.) Metric Observations Compliance to Criteria Our review confirmed loans are serviced in compliance to internal criteria provided, with no deviations observed in the sample reviewed. Servicing Notes & Correspondence Servicing notes and correspondence were available for all loans sampled. Collection Correspondence - RFA Collection notes and correspondence was found for all loans included in our sample except 2, where the collections system Sirec did not show evidence of contact with the borrowers. The following reason for arrears were observed: Reason # Bankruptcy 2 Business Slow 1 Low Income 4 Marital Split 1 No Current Arrears 30 Overindebtedness 5 Severe Illness 3 Skipped Abroad 1 Unemployed 3 Unknown 50 QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 28

Loan Servicing Review (cont.) Metric Observations Fees and Charges Santander is applying late fees to late payments, that vary between €25 and €49. Several Spanish banks are currently not charging this after the Spanish courts and the Bank of Spain ruled that this fee is abusive if it is automatically charged without real action or service or is disproportionate or duplicative (e.g., charge in addition to the late interest). The Spanish Supreme Court clarified that in mortgage contracts, especially for consumers, this fee is not allowed unless a real, individualized action took place, and that action was clearly documented and disclosed. Our review confirmed late fees were charged to 47 loans. Forbearance Evidence of forbearance applied to debtors was found in 28 cases, most of them related to Covid-19 and/or CBP (Código de Buenas Prácticas Bancarias). Litigation & External DCAs The collections management system of Banco Santander showed evidence of activities outsourced to external DCAs in 87 cases. None of the loans included in our sample was in litigation as at the review date. Vulnerable Customers 9 borrowers included in our sample were considered vulnerable, according to system notes reviewed. The treatment given by the bank was adequate at all instances. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 29

Loan Servicing Historical Collections Metric Observations Metric Observations Review The historical collections included in the data tape for the last 12 months were reviewed vs. Santander's system, with no issues identified in the sample reviewed. Full details of the review are available in the Flamenco - Historical Collections Review report provided separately. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 30

Vulnerable Customers Review Metric Observation Terms of the Review Quadrin was requested to review up to 5 vulnerable customer cases to ensure appropriate policies or processes have been followed. Quadrin was required to review up to 5 social housing/social exclusion cases to ensure appropriate polices or processes have been followed. A summary of the results is provided in the next slide. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 32

Vulnerable Customers Review Metric Observation Vulnerable Customers The following loans were reviewed: Loan ID Comments 004905401030034571 Mortgage restructured as per the terms of CBP 6/2012 in October 2014, extending the term until July 2040 and providing 5 years interest only, approved by the mortgage unit on 16th October 2014. Borrower has a severe illness according to system notes. 004933101030000146 Mortgage restructured in February 2014 as per the terms of the RDL 6/2012 to protect borrowers in risk of social exclusion, increasing the capital to €123,627.52, the maturity of the loan until March 2046 with 5 years interest only, approved by the mortgage unit on 7th February 2014. Restructured again in March 2021 as per the terms of the RDL 6/2012, increasing the capital to €122,892, with 5 years interest only. Borrower in risk of social exclusion as per system notes. 004946171030609859 Mortgage restructured in June 2014 as per the terms of the CBP 6/2012, increasing the capital to €132,837 with 5 years interest only. Approved by the mortgage unit on 11th June 2014. Restructured again in May 2022 as per the terms of the CBP 6/2012 increasing the capital to €131,870 with 5 years interest only. Borrowers under severe vulnerability conditions. Both borrowers unemployed with no benefits and son living at the security working part- time with a monthly income of €650. 004943621030000007 Mortgage restructured in December 2014 as per the terms of the CBP RDL 6/2012, increasing the capital to €99,000 and the maturity of the loan until February 2046, with 5 years interest only, approved by the mortgage unit on 25th November 2014. Restructured again as per the terms of the RDL 6/2012 in May 2020, increasing the capital until €98,577, and providing 5 years interest only. Borrowers in a situation of severe vulnerability according to system notes. B2 disable and B1 with a very low income. They have also a dependant son living at the house. 004960141030614904 CBP 6/2012 applied, borrowers identified as vulnerable family unit with 2 unemployed adults and 2 children, comply with conditions, signed restructure as per decree, including 5 years interest only. The management of the vulnerable customers made by Santander is adequate in our opinion. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 33

Complaints Log Review Metric Observation Terms of the Review Quadrin was requested to review the complaints log and comment on any material or thematic issues that have arisen, including what, if any, steps have been taken to remediate. Review Santander has not provided a complaints log as at the issuance of this report, which prevented Quadrin from completing the review of a sample of complaints. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 35

Compliance Review Metric Observation Terms of the Review Quadrin was requested to verify that all loans have been underwritten and serviced in compliance with Spanish regulations (including any Bank of Spain / ECB regulation) and with KYC and AML regulations. Quadrin was required to identify any mortgage deeds that contain abusive clauses such as interest rounding up, floors, default interest rates, multicurrency clauses, early termination or 365/360 Interest rate calculation method. Quadrin sought to compare the procedures with good practice in the market. Quadrin was requested to note if there was any evidence that borrowers had been in touch with debtors' associations, such as PAH (Anti Eviction Platform). The results of the review can be found in the following slide. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 37

Compliance Review (cont.) Metric Observation Compliance with Regulations Banco Santander is a Spanish bank subject to the Bank of Spain and European Central Bank regulations. Our review confirmed all loans had been originated, issued and serviced in compliance with regulations in place at the time of origination, with no issues noted. Abusive Clauses Most Spanish vintage mortgage loan agreements contain clauses which have been ruled as abusive by the European Court of Justice. Our review confirmed several loans in this portfolio had one or more abusive clause (early acceleration, default interest, fees and expenses). Santander confirmed that they are not applying them and that they would only start litigation once the debtor has not paid the number of monthly instalments as required, and default interest is also being applied according to the current legislation, which is considered good practice. Debtors Associations No evidence of customers in contact with debtors' associations was found in the loans reviewed. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 38

Cash Management Review Metric Observations Terms of the Review Quadrin was requested to review the cash management procedures and for a sample of 20 loans reconcile: Disbursements at origination; and Payments received at bank and posted to system of record since origination. Review Disbursements at origination and payments received were reviewed vs. the Seller's system, with no issues observed in the sample of 20 loans. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 40

FLAMENCO 2 Brunel Way Slough Berkshire SL1 1FQ United Kingdom www.quadringroup.com +44 1753 900914 Disclaimer This report is intended for general guidance and information purposes only. This report is under no circumstances intended to be used or considered as financial or investment advice, a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset. Please note that this is not an offer document. The report is not to be considered as investment research or an objective or independent explanation of the matters contained herein, and is not prepared in accordance with the regulation regarding investment analysis. QUADRIN GROUP REDEFINING DUE DILIGENCE FLAMENCO - INITIAL Copyright Quadrin Group 41

QUADRIN: Redefining due diligence LENDER DUE DILIGENCE Quadrin Group For advice or support not covered in these pages please contact: Suleman Baig, Partner t. +44 (0)175 370 8510 m. +44 (0) 795 691 6886 e.suleman@quadringroup.com QUADRIN GROUP REDEFINING DUE DILIGENCE

DUE DILIGENCE SCOPE DOCUMENT PORTFOLIO DUE DILIGENCE - PROJECT flamenco AREA DETAIL Data Integrity (low priority) o Using the sample of up to 100 loans Quadrin will check key data fields [up to 15 fields] of the data tape to documentation, and where not available the seller's IT system. Secured / unsecured status maturity date outstanding balance (i.e. including arrears) days past due next interest rate index reset date current interest rate interest rate post bonification / bonus bonification / bonus end date grace period exit date date of last restructuring asset cadastral reference asset bank appraisal value asset bank appraisal date asset bank appraisal typelien rank (tape lien rank to be checked vs. nota simples in VDR - i.e. no need to do this on Santander premises) o Using the sample of up to 100 loans Quadrin will check the seller has confirmed the charge has been registered for each loan by way of the Nota Simple. File Completeness o Using the sample of upto 100 loans Quadrin will check the completeness of mortgage documentation including application form; credit report; customer DD records; valuation report; mortgage deed. o Quadrin will review a sample of upto 100 loans to confirm the loan agreements are consistent with the templates provided for each product type / refinancing / restructure type. Within this sample Quadrin will check up to [50] loans to assess if Interest rates have been reset according to the corresponding loan agreement and rate setting policy and law. Policies and Procedures o The review will seek to check that the operational procedures are being followed in accordance with the internal guidelines and criteria provided o Quadrin will review the operational policies and procedures - Underwriting and Credit; Servicing and Arrears Management; Fraud; Complaints Management and Regulatory Compliance (where applicable) and test them against the sample to ensure they are followed and demonstrate adherence to Regulation and good market practice, identifying any weaknesses in the Lender's systems and controls o Quadrin will comment and provide feedback on any policies that it deems deficient or missing during the review Underwriting o Quadrin will review a sample of up to 100 loans and will: Confirm the documents and underwriting decisions are in accordance with the lending and product guidelines provided. Review the underwriting decisions made to confirm they meet with an underwriting standard commonly applied by a prudent lender in the jurisdiction.

Loan Servicing Quadrin will review up to 100 loans where the seller has taken remedial or enforcement action noting the lenders adherence to criteria and guidelines. This will include review of: Verify compliance and prudence to criteria and guidelines including standards expected of a prudent lender in the region; Review Servicing file notes and Correspondence; Collections correspondence - Reason for Arrears; Collections system notes; Collections approach to borrowers with multiple products; The application of fees and charges Use of payment plans, arrears management techniques, loan modifications and any other forbearance measures including evidence of affordability and compliance with the Royal Decree 5/2017; Review policy on social housing/VPO Use of Litigation and any outsourced collections activities; and Quadrin will also review treatment of borrowers identified as vulnerable. For a sample of 20 loans, Quadrin will check that the historical collections match the amounts due Vulnerable Customers Quadrin will review up to [5] vulnerable customer cases to ensure appropriate policies or processes have been followed o Quadrin will review up to [5] social housing/social exclusion cases to ensure appropriate polices or processes have been followed Complaints Log o If made available, Quadrin will review the complaints log and comment on any material or thematic issues that have arisen, including what, if any, steps have been taken to remediate Compliance o Quadrin will verify that all loans have been underwritten and serviced in compliance with Spanish regulations (including any Bank of Spain / ECB regulation) and with KYC and AML regulations o Quadrin will identify any mortgage deeds that contain abusive clauses such as interest rounding up, floors, default interest rates, multicurrency clauses, early termination or 365/360 Interest rate calculation method or o Quadrin will seek to compare the procedures with good practice in the market o Quadrin will note if there is any evidence that borrowers have been in touch with debtors' associations, such as PAH (Anti Eviction Platform) Cash Management o Quadrin will review the cash management procedures and for a sample of 20 loans reconcile: Disbursements at origination and Payments received at bank and posted to system of record since origination

ITEM 5

Scope Item – Data Integrity

Using a sample of 100 loans, Quadrin was requested to check the following key data fields of the data tape to documentation, and where not available the Seller’s IT system:

Secured/Unsecured Status

Maturity Date

Outstanding Balance

Days Past Due

Next Interest Rate Index Reset Date

Current Interest Rate

Interest Rate Post Bonus

Bonification/Bonus End Date

Grace Period Exit Date

Date of Last Restructuring

Cadestral Reference

Bank Appraisal Value

Bank Appraisal Date

Lien Rank

Our findings are as follows:

Interest Rate Post Bonus – 2 mismatches

Cadestral Reference – 3 mismatches

Bank Appraisal Value – 4 mismatches

Bank Appraisal Date – 4 mismatches

Using the sample of 100 loans Quadrin was requested to check the Seller has confirmed the charge has been registered for each loan by way of the Nota Simple.

All charges were seen to have been correctly registered.

The quality of the data provided was generally good, with some issues noted across four different data fields.

Charges have been correctly registered with no issues observed in the sample selected.

Scope Item – File Completeness

Using the sample of 100 loans, Quadrin was requested to check the completeness of mortgage documentation.

Within this sample, Quadrin was requested to check up to 50 loans to assess if interest rates had been reset according to the corresponding loan agreement and rate setting policy and law.

The following missing documents were observed:

Loan Application – 1

Valuation Report – 14

Original Mortgage Deed – 10

Restructure Deeds – 7

Quadrin selected a subsample of 50 loans to confirm if interest rate had been reset according to the corresponding loan agreement and rate setting policy and law.

49 loans in the sample had a variable rate, while 1 was mixed, with a fixed rate for 10 years and then changing to variable.

All loans were referenced to the 12-month Euribor.

6 of them were on a capital grace period and were only paying interests as at the cut-off date.

17 loans were capped to 15% or 30% and one of them had a floor of 2.75%.

A bonus varying from 0.20% to 1.20% was being applied to 4 loans.

The interest rate reset date was checked vs. public sources, to ensure the correctness of the Euribor applied on the last interest rate reset.

Our review confirmed interest rates are adequately reset, with no issues observed in the sample reviewed.

The completeness of files was generally good and in line with similar Spanish RPL portfolios.

Scope Item – Policies and Procedures

Quadrin was requested to check that the operational procedures of the servicer are being followed in accordance with the internal guidelines and criteria provided and test them against the sample to ensure they are followed and demonstrate adherence to regulation and good market practice, identifying any weaknesses in systems and controls.

Quadrin was required to comment and provide feedback on any policies that it deems deficient or missing during the review.

Santander provided a document outlining their lending and recovery criteria, specially prepared for Project Flamenco.

The document outlines the lending and recovery policies of Banco Santander, with historical context from Banco Popular Español.

The application requirements for Banco Santander included property documentation, income verification (tailored by employment type), and credit information (e.g., CIRBE).

The approval process utilized automated systems with analyst review if flagged. Decisions depended on appraisal values and risk assessments.

The key lending terms were as below:

LTV up to 80% (exceptions for employees, restructurings, and foreclosed properties)

Max term: 30 years (primary), 25 years (second homes)

Borrower affordability limit: ≤ 40% of net income

Maximum age 85 years

There was no formal policy for buy-to-let mortgages, which were treated as business loans with stricter terms (max 70% LTV, 15-year term).

The legacy criteria for Banco Popular (pre-merging in 2018) were as below:

LTV: 80% (first home), 60% (others), with exceptions including foreclosed properties, restructurings, and employee loans.

Max term: 30-35 years

Affordability rate: ≤ 35%

Maximum age 75 years

Popular used scoring/rating systems to assess risk and assign decision authority.

The bank had a clear structure for escalations and approval based on risk levels and thresholds.

Loan recovery of overseen by the Property Recovery and Management team, with a focus on early intervention and tailored recovery strategies.

Customer protection and fair treatment is emphasized, including compliance with laws like RDL 6/12.

Santander applies a phased recovery model, as below:

Irregular (1–90 days late): Managed by branches, call centers, digital channels, and recovery managers.

Delinquency (90–150 days): Adds external recovery firms for enforcement.

Pre-litigation/Litigation (150+ days): Involves judicial processes or extra-judicial actions. Includes:

▪

Restructuring: grace periods, term extensions (up to 50 years, LTV ≤ 100%), but no new loans for restructured clients.

▪

Deed in lieu: Property is returned in lieu of payment.

▪

Cash settlements: Partial forgiveness allowed.

Post-Litigation Asset Management:

▪

Properties transferred to Santander’s Property Management.

▪

Legal/commercial cleanup, market valuation, and sale via various channels.

▪

Sale price set based on book value, market conditions, and strategy (not negotiable except in rare cases).

▪

Special financing terms offered for buyers.

The procedures provided by Santander comply with the applicable legal framework in terms of consumer protection (application of RDL 6/2012, emphasis on fair treatment, individual case evaluation, and consideration of economic and personal circumstances during recovery) and anti- money laundering measures (checks routed through the Money Laundering Prevention Department during the risk analysis and pre-sale phases).

Scope Item – Underwriting

Using the sample selected, Quadrin was requested to:

Confirm the documents and underwriting decisions are in accordance with the lending and product guidelines provided; and

Review the underwriting decisions made to confirm they meet with an underwriting standard commonly applied by a prudent lender in the jurisdiction.

Quadrin noted that underwriting decisions at origination did not meet the lending and product guidelines provided in 31 cases, due to the following reasons:

Excessive LTV at loan origination. The policies of the lender establish a limit of 80% LTV (with exceptions for employees, restructurings, and foreclosed properties). Quadrin noted 25 cases where the LTV at loan origination exceeded 80%, in some cases going over 100% LTV, which does not comply with the guidelines provided.

Excessive LTV at loan restructure. While the Seller’s policy establish exceptions can apply for restructured loans, Quadrin noted 5 cases (which included restructures and new mortgage for debt consolidation) where the LTV exceeded 100% LTV.

Age at maturity. The maximum age at maturity should not exceed 85 years old for Santander and 75 for Popular. In 7 cases the age at maturity at the time of originating the loan would exceed these burdens.

The following issues were noted in the sample reviewed:

Loan term. The term of the loan should not exceed 40 years since loan origination. In 10 cases, the term exceeded 40 years after the loan was restructured. Terms exceeding 40 years due to Covid-19 or CBP extensions were not considered.

LTV. The LTV at origination or after the loan was restructured was not considered prudent in 31 cases.

Age at maturity. Prudent lending criteria recommend a maximum age at loan maturity of 75 years old. In 29 cases, the age at maturity of the loan will exceed 75 years old.

The results are generally in line with what is expected of a Spanish RPL portfolio, however some of the underwriting decisions both at initial and restructure stages did not meet internal and prudent lending criteria, particularly in relation to LTV and age of the borrower at loan maturity. Special attention should be paid at those cases where the LTV exceeds 100% and the age of the borrower at loan maturity exceeds 85 years old.

Scope Item – Loan Servicing

Quadrin was requested to review up to 100 loans where the seller has taken remedial or enforcement action noting the lenders adherence to criteria and guidelines. This included a review of:

Verify compliance and prudence to criteria and guidelines including standards expected of a prudent lender in the region;

Review Servicing file notes & Correspondence;

Collections correspondence – Reason for Arrears;

Collections system notes;

Collections approach to borrowers with multiple products;

The application of fees and charges;

Use of payment plans, arrears management techniques, loan modifications and any other forbearance measures including evidence of affordability and compliance with the Royal Decree 5/2017;

Review policy on social housing/VPO;

Use of litigation and any outsourced collections activities; and

Review treatment of borrowers identified as vulnerable.

For a sample of 20 loans, Quadrin was requested to check that the historical collections match the amounts due.

Our review confirmed loans are serviced in compliance to internal criteria provided, with no deviations observed in the sample reviewed.

Servicing notes and correspondence were available for all loans sampled.

Collection notes and correspondence was found for all loans included in our sample except 2, where the collections system Sirec did not show evidence of contact with the borrowers.

Santander is applying late fees to late payments, that vary between €25 and €49.

Several Spanish banks are currently not charging this after the Spanish courts and the Bank of Spain ruled that this fee is abusive if it is automatically charged without real action or service or is disproportionate or duplicative (e.g., charge in addition to the late interest).

The Spanish Supreme Court clarified that in mortgage contracts, especially for consumers, this fee is not allowed unless a real, individualized action took place, and that action was clearly documented and disclosed.

Our review confirmed late fees were charged to 47 loans.

Evidence of forbearance applied to debtors was found in 28 cases, most of them related to Covid-19 and/or CBP (Código de Buenas Prácticas Bancarias).

The collections management system of Banco Santander showed evidence of activities outsourced to external DCAs in 87 cases.

None of the loans included in our sample were in litigation as at the review date.

The Servicing performed by Santander is in line with good market practice and with the internal guidelines provided, with no breaches identified against regulations.

Scope Item – Vulnerable Customers

Quadrin was requested to review upto 5 vulnerable customer cases to ensure appropriate policies or processes have been followed.

The treatment given by Santander to vulnerable customers is adequate.

Scope Item – Complaints Log

Quadrin was requested to review the complaints log and comment on any material or thematic issues that have arisen, including what, if any, steps have been taken to remediate.

Santander provided a Claims Tracker which contained all claims received by Santander from 2020 to February 2025 totalling 1,498 in total.

385 of these were received in the last 12 months, of which 359 were received by Servicio de Reclamaciones y Atención al Cliente.

39 were totally or partially upheld with a total redress of €132,828.72 made to 26 borrowers in the last 12 months

The nature and volume of complaints for a Spanish RPL portfolio of this size were not considered material or concerning.

Scope Item – Regulatory Compliance

Quadrin was requested to verify that all loans have been underwritten and serviced in compliance with Spanish regulations (including any Bank of Spain / ECB regulation) and with KYC and AML regulations.

Quadrin was required to identify any mortgage deeds that contain abusive clauses such as interest rounding up, floors, default interest rates, multicurrency clauses, early termination or 365/360 Interest rate calculation method.

Quadrin sought to compare the procedures with good practice in the market.

Quadrin was requested to note if there was any evidence that borrowers had been in touch with debtors’ associations, such as PAH (Anti Eviction Platform).

Our review confirmed all loans had been originated, issued and serviced in compliance with regulations in place at the time of origination, with no issues noted

Most Spanish vintage mortgage loan agreements contain clauses which have been ruled as abusive by the European Court of Justice.

Our review confirmed several loans in this portfolio had one or more abusive clause (early acceleration, default interest, fees and expenses).

Santander confirmed that they are not applying them and that they would only start litigation once the debtor has not paid the number of monthly instalments as required, and default interest is also being applied according to the current legislation, which is considered good practice.

No evidence of customers in contact with debtors’ associations was found in the loans reviewed.

Our review confirmed all loans had been originated, issued and serviced in compliance with regulations in place at the time of origination, with no issues noted. Santander confirmed that they are not applying abusive clauses, which is considered good practice.

Scope Item – Cash Management

Quadrin was requested to review the cash management procedures and for a sample of 20 loans reconcile:

Disbursements at origination; and

Payments received at bank and posted to system of record since origination.

Disbursements at origination and payments received were reviewed vs. the Seller’s system, with no issues observed in the sample of 20 loans.

Flamenco - Data Integrity Review

Integrity

Loan ID

TYPE OF DEBT (SECURED/UNSECURED)

MATURITY DATE
[as of 30/04/2025]

DAYS PAST DUE

GRACE PERIOD END DATE
[Enriched 14/04/2025]

LAST RESTRUCTURING DATE
[Enriched 07/05/2025]

OUTSTANDING BALANCE (€)
[as of 30/04/2025]

CURRENT INTEREST INDEX NEXT RESET DATE

CURRENT INDEX REFERENCE RATE (%)

FINAL INTEREST RATE APPLIED POST-BONUS (%)

REGISTRY LIEN RANK
[Enriched 07/05/2025]

BANK APPRAISAL DATE

BANK APPRAISAL (€)

CADASTRAL REFERENCE

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Exceptions

Status

004900321030162717

TRUE

SECURED

TRUE

7/1/2047

TRUE

N/A

TRUE

106,500.87

TRUE

6/30/2025

TRUE

3.680%

TRUE

5.380%

TRUE

4/22/2024

TRUE

68,014.35

TRUE

3886309XL1738N0015XP

TRUE

FALSE

Completed

004900521030001846

TRUE

SECURED

TRUE

4/17/2048

TRUE

12/14/2023

TRUE

207,826.25

TRUE

4/16/2025

TRUE

3.609%

TRUE

4.359%

TRUE

5/20/2024

TRUE

216,027.99

TRUE

3363505DG0236S0020BG

TRUE

FALSE

Completed

004900541030238196

TRUE

SECURED

TRUE

3/31/2037

TRUE

N/A

TRUE

603,132.42

TRUE

4/29/2025

TRUE

3.609%

TRUE

6.459%

TRUE

2/14/2024

TRUE

1,484,506.95

TRUE

001001100WF48D0001HQ

TRUE

FALSE

Completed

004900591030109164

TRUE

SECURED

TRUE

2/28/2048

TRUE

N/A

TRUE

57,711.04

TRUE

2/27/2026

TRUE

2.506%

TRUE

7.506%

TRUE

5/20/2024

TRUE

141,050.36

TRUE

8752701QE4385B0039QI

TRUE

FALSE

Completed

004901221030180962

TRUE

SECURED

TRUE

6/1/2045

TRUE

120

TRUE

1/26/2016

TRUE

69,006.76

TRUE

2/1/2026

TRUE

2.506%

TRUE

4.906%

TRUE

5/20/2024

TRUE

60,188.49

TRUE

9051402QA4595A0015ZR

TRUE

FALSE

Completed

004901221030182652

TRUE

SECURED

TRUE

11/1/2046

TRUE

127

TRUE

3/1/2025

TRUE

2/25/2020

TRUE

176,274.71

TRUE

2/28/2025

TRUE

3.679%

TRUE

3.929%

TRUE

5/20/2024

TRUE

46,156.38

TRUE

7655602QA4575F0004DP

TRUE

FALSE

Completed

004901421030107978

TRUE

SECURED

TRUE

1/31/2034

TRUE

2/9/2021

TRUE

301,822.52

TRUE

1/3/2026

TRUE

2.506%

TRUE

5.256%

TRUE

3/18/2024

TRUE

333,263.05

TRUE

23005A011001470000HW

TRUE

FALSE

Completed

004901421030108314

TRUE

SECURED

TRUE

7/29/2047

TRUE

N/A

TRUE

104,667.88

TRUE

11/28/2025

TRUE

2.691%

TRUE

2.941%

TRUE

5/20/2024

TRUE

73,027.17

TRUE

7802002VH0170S0001PS

TRUE

FALSE

Completed

004901421030108319

TRUE

SECURED

TRUE

6/19/2046

TRUE

163

TRUE

9/19/2014

TRUE

53,890.59

TRUE

9/18/2025

TRUE

3.166%

TRUE

3.416%

TRUE

11/7/2024

TRUE

31,629.88

TRUE

2736058VH0023N0001PU

TRUE

FALSE

Completed

004902481030092700

TRUE

SECURED

TRUE

7/2/2036

TRUE

N/A

TRUE

428,558.88

TRUE

7/1/2025

TRUE

3.680%

TRUE

5.430%

TRUE

5/20/2024

TRUE

840,622.80

TRUE

3109102DF2830G0001UY

TRUE

FALSE

Completed

004904161030012703

TRUE

SECURED

TRUE

2/28/2053

TRUE

8/3/2016

TRUE

34,857.47

TRUE

2/27/2026

TRUE

2.506%

TRUE

9.006%

TRUE

5/2/2024

TRUE

312,511.06

TRUE

38031A011001590001SG

TRUE

FALSE

Completed

004904561030061062

TRUE

SECURED

TRUE

2/25/2051

TRUE

N/A

TRUE

151,910.37

TRUE

2/24/2026

TRUE

2.525%

TRUE

4.025%

TRUE

4/27/2020

TRUE

189,330.81

TRUE

3265679VK2436N0001MD

TRUE

FALSE

Completed

004905401030034301

TRUE

SECURED

TRUE

2/24/2032

TRUE

128

TRUE

3/6/2012

TRUE

101,484.69

TRUE

2/23/2026

TRUE

2.506%

TRUE

4.506%

TRUE

5/20/2024

TRUE

271,150.20

TRUE

4274501DG2047S0020XR

TRUE

FALSE

Completed

004905401030034571

TRUE

SECURED

TRUE

5/24/2048

TRUE

128

TRUE

1/31/2024

TRUE

185,018.20

TRUE

9/23/2025

TRUE

3.650%

TRUE

5.150%

TRUE

5/20/2024

TRUE

197,485.68

TRUE

4809614DF1740H0012RP

TRUE

FALSE

Completed

004907921030079852

TRUE

SECURED

TRUE

12/17/2037

TRUE

12/21/2023

TRUE

74,755.15

TRUE

3/16/2025

TRUE

2.506%

TRUE

3.106%

TRUE

5/20/2024

TRUE

102,642.34

TRUE

1238601VK9913N0053YI

TRUE

FALSE

Completed

004909751030000571

TRUE

SECURED

TRUE

6/30/2046

TRUE

7/8/2020

TRUE

409,059.57

TRUE

2/27/2026

TRUE

2.525%

TRUE

3.775%

TRUE

2/4/2022

TRUE

650,378.38

TRUE

4310806DG5041S0014XR

TRUE

FALSE

Completed

004909781030005678

TRUE

SECURED

TRUE

2/15/2050

TRUE

4/25/2012

TRUE

120,384.80

TRUE

2/14/2026

TRUE

2.506%

TRUE

3.256%

TRUE

5/20/2024

TRUE

125,169.20

TRUE

2522903VP8022S0120IG

TRUE

FALSE

Completed

004910661030000201

TRUE

SECURED

TRUE

5/4/2056

TRUE

N/A

TRUE

125,977.06

TRUE

4/3/2025

TRUE

3.718%

TRUE

4.968%

TRUE

2/27/2024

TRUE

161,010.54

TRUE

6087201VG4168G0048OE

TRUE

FALSE

Completed

004910661030003819

TRUE

SECURED

TRUE

4/9/2054

TRUE

173

TRUE

N/A

TRUE

37,832.87

TRUE

4/8/2025

TRUE

N/A

TRUE

5.000%

FALSE

7.00%

TRUE

2/27/2024

TRUE

161,010.54

TRUE

6087201VG4168G0048OE

TRUE

Completed

004911561030024829

TRUE

SECURED

TRUE

4/30/2034

TRUE

9/30/2021

TRUE

304,813.11

TRUE

12/3/2025

TRUE

2.936%

TRUE

5.686%

TRUE

11/6/2024

FALSE

05/11/2023

539,075.08

FALSE

771,314.08

35022A002000200000AK

FALSE

001001600DS50A0001GJ

TRUE

Completed

004911561030025252

TRUE

SECURED

TRUE

8/31/2052

TRUE

8/1/2024

TRUE

71,896.44

TRUE

N/A

TRUE

N/A

TRUE

3.650%

TRUE

6/24/2024

TRUE

92,410.98

TRUE

5902012CS7550S0001HT

TRUE

FALSE

Completed

004913091030001847

TRUE

SECURED

TRUE

6/25/2044

TRUE

6/25/2014

TRUE

90,992.76

TRUE

6/24/2025

TRUE

3.680%

TRUE

5.680%

TRUE

5/20/2024

TRUE

74,901.54

TRUE

7160701YJ0876S0001OA

TRUE

FALSE

Completed

004913741030000849

TRUE

SECURED

TRUE

2/28/2039

TRUE

N/A

TRUE

165,622.55

TRUE

2/27/2026

TRUE

2.506%

TRUE

4.006%

TRUE

5/20/2024

TRUE

237,750.87

TRUE

2167013DG7126N0001OM

TRUE

FALSE

Completed

004913821030000454

TRUE

SECURED

TRUE

6/19/2060

TRUE

5/19/2025

TRUE

5/17/2024

TRUE

156,000.00

TRUE

2/18/2026

TRUE

2.525%

TRUE

3.775%

TRUE

5/20/2024

TRUE

119,525.55

TRUE

6041823BE8864A0012EW

TRUE

FALSE

Completed

004913911330000157

TRUE

SECURED

TRUE

6/30/2036

TRUE

10/8/2021

TRUE

254,570.43

TRUE

10/30/2025

TRUE

3.526%

TRUE

6.776%

TRUE

10/10/2024

TRUE

211,025.22

TRUE

13005A027000370000EG

TRUE

FALSE

Completed

004914401030002353

TRUE

SECURED

TRUE

2/9/2047

TRUE

168

TRUE

11/14/2019

TRUE

75,798.15

TRUE

12/8/2025

TRUE

2.936%

TRUE

3.936%

TRUE

5/20/2024

TRUE

59,426.41

TRUE

7558403XG7675N0009LP

TRUE

FALSE

Completed

004915201030001375

TRUE

SECURED

TRUE

3/26/2043

TRUE

4/22/2016

TRUE

130,400.56

TRUE

2/25/2026

TRUE

2.506%

TRUE

5.006%

TRUE

5/20/2024

TRUE

159,264.90

TRUE

1425802CG1312N0001SF

TRUE

FALSE

Completed

004915221030000340

TRUE

SECURED

TRUE

2/29/2032

TRUE

N/A

TRUE

29,107.92

TRUE

2/27/2026

TRUE

2.506%

TRUE

6.406%

TRUE

2/19/2024

FALSE

20/01/2025

38,629.25

FALSE

43,916.44

13039A044000890000AU

TRUE

Completed

004915871030064910

TRUE

SECURED

TRUE

1/16/2059

TRUE

136

TRUE

5/16/2025

TRUE

10/11/2011

TRUE

154,648.84

TRUE

1/15/2026

TRUE

N/A

TRUE

5.000%

TRUE

11/4/2024

TRUE

153,043.45

TRUE

4073720BE8947C0004PJ

TRUE

FALSE

Completed

004917371030006268

TRUE

SECURED

TRUE

8/30/2063

TRUE

122

TRUE

7/12/2024

TRUE

356,479.72

TRUE

11/29/2025

TRUE

3.166%

TRUE

4.416%

TRUE

5/20/2024

TRUE

484,010.35

TRUE

3342306VK2734S0072YY

TRUE

FALSE

Completed

004917401030004293

TRUE

SECURED

TRUE

4/1/2047

TRUE

3/16/2021

TRUE

188,095.00

TRUE

12/31/2025

TRUE

2.506%

TRUE

3.706%

TRUE

4/26/2024

TRUE

153,795.12

TRUE

4688901UF6542N0080AG

TRUE

FALSE

Completed

004917751030000501

TRUE

SECURED

TRUE

3/26/2048

TRUE

1/26/2028

TRUE

6/28/2023

TRUE

189,553.90

TRUE

2/25/2026

TRUE

2.406%

TRUE

2.406%

TRUE

7/11/2024

TRUE

154,360.02

TRUE

2174072WF6727S0066ID

TRUE

FALSE

Completed

004923181030548379

TRUE

SECURED

TRUE

8/4/2035

TRUE

12/7/2020

TRUE

49,349.66

TRUE

5/3/2025

TRUE

3.671%

TRUE

7.671%

TRUE

5/20/2024

TRUE

46,639.68

TRUE

0282204YH2408A0001BR

TRUE

FALSE

Completed

004923401030502586

TRUE

SECURED

TRUE

11/25/2049

TRUE

2/6/2019

TRUE

222,426.66

TRUE

6/24/2025

TRUE

3.718%

TRUE

4.568%

TRUE

5/20/2024

FALSE

24/02/2025

156,807.38

FALSE

210,371.69

6440409DF4964S0005SY

TRUE

Completed

004924561030476480

TRUE

SECURED

TRUE

1/31/2046

TRUE

12/10/2024

TRUE

66,752.58

TRUE

1/30/2026

TRUE

2.691%

TRUE

5.591%

TRUE

10/7/2024

TRUE

238,493.68

TRUE

3883002YM1638D0003GE

TRUE

FALSE

Completed

004924671030484054

TRUE

SECURED

TRUE

7/31/2047

TRUE

152

TRUE

3/18/2009

TRUE

66,658.02

TRUE

9/29/2025

TRUE

3.526%

TRUE

4.376%

TRUE

7/8/2024

TRUE

40,040.66

TRUE

0973010TM6807S0005EP

TRUE

FALSE

Completed

004924961030485060

TRUE

SECURED

TRUE

8/28/2042

TRUE

8/28/2025

TRUE

8/5/2024

TRUE

350,464.72

TRUE

8/27/2025

TRUE

N/A

TRUE

5.180%

TRUE

4/15/2024

TRUE

213,115.76

TRUE

9451618DG2195S0004FI

TRUE

FALSE

Completed

004925321030000415

TRUE

SECURED

TRUE

3/31/2041

TRUE

11/9/2023

TRUE

892,560.96

TRUE

4/29/2025

TRUE

3.669%

TRUE

6.669%

TRUE

10/31/2024

TRUE

115,002.63

TRUE

36051A009005260000FD

TRUE

FALSE

Completed

004926601030458050

TRUE

SECURED

TRUE

9/30/2046

TRUE

152

TRUE

7/29/2014

TRUE

171,682.71

TRUE

3/30/2025

TRUE

3.679%

TRUE

4.429%

TRUE

11/27/2019

TRUE

102,494.85

TRUE

5142303VK3554S0014RX

TRUE

FALSE

Completed

004927291030445237

TRUE

SECURED

TRUE

5/1/2047

TRUE

151

TRUE

4/30/2013

TRUE

209,749.23

TRUE

4/30/2025

TRUE

3.718%

TRUE

5.168%

TRUE

5/20/2024

TRUE

124,228.15

TRUE

31201050453010060000

FALSE

310000000001955647TG

TRUE

Completed

004929771030413961

TRUE

SECURED

TRUE

2/28/2053

TRUE

N/A

TRUE

77,951.87

TRUE

2/27/2026

TRUE

2.506%

TRUE

6.506%

TRUE

5/20/2024

TRUE

195,912.10

TRUE

4982901CF7648B0001JM

TRUE

FALSE

Completed

004930111830427276

TRUE

SECURED

TRUE

2/9/2037

TRUE

4/29/2020

TRUE

304,586.12

TRUE

1/8/2026

TRUE

2.438%

TRUE

2.938%

TRUE

4/29/2024

TRUE

220,986.00

TRUE

0944101UF1304N0095IZ

TRUE

FALSE

Completed

004930351030000861

TRUE

SECURED

TRUE

9/4/2038

TRUE

5/15/2020

TRUE

303,998.95

TRUE

2/3/2026

TRUE

2.525%

TRUE

3.325%

TRUE

3/4/2024

TRUE

56,858.81

TRUE

07045A002002830000QJ

TRUE

FALSE

Completed

004932241030403991

TRUE

SECURED

TRUE

4/19/2049

TRUE

133

TRUE

4/19/2026

TRUE

3/30/2022

TRUE

151,958.90

TRUE

4/18/2025

TRUE

3.609%

TRUE

3.859%

TRUE

5/20/2024

TRUE

144,954.01

TRUE

7512415TG3471S0001FH

TRUE

FALSE

Completed

004933101030000146

TRUE

SECURED

TRUE

11/1/2046

TRUE

10/25/2021

TRUE

119,161.27

TRUE

2/17/2026

TRUE

2.506%

TRUE

2.756%

TRUE

5/20/2024

TRUE

47,763.37

TRUE

0407201WF5800N0131XO

TRUE

FALSE

Completed

004933761030001157

TRUE

SECURED

TRUE

6/29/2051

TRUE

126

TRUE

3/29/2025

TRUE

3/26/2024

TRUE

140,725.41

TRUE

3/28/2025

TRUE

3.650%

TRUE

3.900%

FALSE

6.15%

TRUE

5/20/2024

TRUE

115,136.11

TRUE

7372401YJ1077C0008PG

TRUE

Completed

004938411030469741

TRUE

SECURED

TRUE

2/18/2048

TRUE

134

TRUE

2/15/2019

TRUE

156,719.26

TRUE

2/17/2026

TRUE

2.506%

TRUE

3.506%

TRUE

5/20/2024

TRUE

196,572.36

TRUE

1589007DF3918N0035LO

TRUE

FALSE

Completed

004939711030422729

TRUE

SECURED

TRUE

3/1/2047

TRUE

9/1/2026

TRUE

N/A

TRUE

216,331.71

TRUE

8/31/2025

TRUE

3.650%

TRUE

3.900%

TRUE

5/20/2024

TRUE

108,836.75

TRUE

4156710WF7845N0001LK

TRUE

FALSE

Completed

004942761030000780

TRUE

SECURED

TRUE

9/21/2046

TRUE

161

TRUE

7/29/2016

TRUE

140,639.96

TRUE

4/15/2025

TRUE

3.609%

TRUE

6.109%

TRUE

5/20/2024

TRUE

115,889.62

TRUE

2998101DF5929N0003EI

TRUE

FALSE

Completed

004943621030000007

TRUE

SECURED

TRUE

2/20/2046

TRUE

5/12/2020

TRUE

98,442.67

TRUE

2/19/2026

TRUE

2.506%

TRUE

3.506%

TRUE

4/16/2024

TRUE

86,077.59

TRUE

0307516YH2500G0010JW

TRUE

FALSE

Completed

Loan ID

TYPE OF DEBT (SECURED/UNSECURED)

MATURITY DATE
[as of 30/04/2025]

DAYS PAST DUE

GRACE PERIOD END DATE
[Enriched 14/04/2025]

LAST RESTRUCTURING DATE
[Enriched 07/05/2025]

OUTSTANDING BALANCE (€)
[as of 30/04/2025]

CURRENT INTEREST INDEX NEXT RESET DATE

CURRENT INDEX REFERENCE RATE (%)

FINAL INTEREST RATE APPLIED POST-BONUS (%)

REGISTRY LIEN RANK
[Enriched 07/05/2025]

BANK APPRAISAL DATE

BANK APPRAISAL (€)

CADASTRAL REFERENCE

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Data

Match

System

Exceptions

Status

004943851030000090

TRUE

SECURED

TRUE

12/30/2043

TRUE

122

TRUE

9/28/2023

TRUE

17,438.82

TRUE

12/29/2025

TRUE

2.936%

TRUE

7.186%

TRUE

5/20/2024

TRUE

180,132.11

TRUE

3038016DF1933N0001EZ

TRUE

FALSE

Completed

004945721030000864

TRUE

SECURED

TRUE

2/28/2052

TRUE

5/17/2012

TRUE

212,358.05

TRUE

2/27/2026

TRUE

2.506%

TRUE

4.006%

TRUE

5/20/2024

TRUE

313,844.61

TRUE

1375123VK4417N0001EM

TRUE

FALSE

Completed

004946171030609859

TRUE

SECURED

TRUE

4/1/2049

TRUE

120

TRUE

5/19/2022

TRUE

133,294.91

TRUE

5/31/2025

TRUE

3.718%

TRUE

5.499%

TRUE

5/20/2024

TRUE

69,385.98

TRUE

5937307WF3653N0008OY

TRUE

FALSE

Completed

004946591030612152

TRUE

SECURED

TRUE

8/4/2055

TRUE

117

TRUE

N/A

TRUE

95,339.34

TRUE

5/3/2025

TRUE

3.702%

TRUE

5.452%

TRUE

4/30/2024

TRUE

9,331.10

TRUE

7702001WF1770S0144BW

TRUE

FALSE

Completed

004948031030604170

TRUE

SECURED

TRUE

7/1/2047

TRUE

120

TRUE

N/A

TRUE

157,084.97

TRUE

6/30/2025

TRUE

3.680%

TRUE

5.330%

TRUE

5/20/2024

TRUE

146,856.31

TRUE

U1214571K

FALSE

U1214564K

TRUE

Completed

004948461030642186

TRUE

SECURED

TRUE

12/30/2044

TRUE

12/30/2025

TRUE

N/A

TRUE

309,000.00

TRUE

N/A

TRUE

N/A

TRUE

5.500%

TRUE

11/11/2024

TRUE

147,942.00

TRUE

9589129VK9298H0001HX

TRUE

FALSE

Completed

004948591030604925

TRUE

SECURED

TRUE

7/1/2053

TRUE

151

TRUE

6/1/2026

TRUE

3/30/2022

TRUE

98,063.23

TRUE

8/16/2025

TRUE

3.680%

TRUE

3.930%

TRUE

5/20/2024

TRUE

151,207.58

TRUE

4206610VK1940N0040BQ

TRUE

FALSE

Completed

004948661030629346

TRUE

SECURED

TRUE

7/27/2040

TRUE

125

TRUE

4/18/2012

TRUE

65,267.74

TRUE

10/26/2025

TRUE

3.526%

TRUE

4.526%

TRUE

5/20/2024

TRUE

61,996.76

TRUE

4192111QC1849S0001OF

TRUE

FALSE

Completed

004949341030604607

TRUE

SECURED

TRUE

1/25/2047

TRUE

12/25/2025

TRUE

7/22/2022

TRUE

102,113.66

TRUE

12/24/2025

TRUE

2.691%

TRUE

2.941%

TRUE

5/20/2024

TRUE

165,053.15

TRUE

5772535WF0757S0001DZ

TRUE

FALSE

Completed

004949341030604613

TRUE

SECURED

TRUE

11/18/2048

TRUE

12/18/2025

TRUE

7/22/2022

TRUE

67,263.36

TRUE

11/17/2025

TRUE

3.166%

TRUE

3.416%

TRUE

5/20/2024

TRUE

165,053.15

TRUE

5772535WF0757S0001DZ

TRUE

FALSE

Completed

004949461030699199

TRUE

SECURED

TRUE

7/29/2050

TRUE

123

TRUE

N/A

TRUE

110,148.94

TRUE

6/28/2025

TRUE

3.680%

TRUE

4.930%

TRUE

5/20/2024

TRUE

104,121.50

TRUE

0273702DG4007E0024OL

TRUE

FALSE

Completed

004949751030797383

TRUE

SECURED

TRUE

1/31/2048

TRUE

152

TRUE

3/15/2012

TRUE

169,475.02

TRUE

1/29/2026

TRUE

2.691%

TRUE

3.441%

TRUE

9/5/2024

TRUE

153,324.81

TRUE

6034801QA5663C0001GT

TRUE

FALSE

Completed

004949821030611154

TRUE

SECURED

TRUE

5/14/2037

TRUE

5/5/2020

TRUE

73,132.03

TRUE

2/13/2026

TRUE

2.506%

TRUE

3.256%

TRUE

10/28/2024

TRUE

174,276.96

TRUE

3899321CS7439N0003WQ

TRUE

FALSE

Completed

004950101030726995

TRUE

SECURED

TRUE

12/31/2048

TRUE

152

TRUE

2/27/2023

TRUE

108,383.13

TRUE

2/27/2026

TRUE

2.506%

TRUE

7.506%

TRUE

5/20/2024

TRUE

180,250.07

TRUE

4515105WN4041N0037AZ

TRUE

FALSE

Completed

004950551030637636

TRUE

SECURED

TRUE

2/28/2049

TRUE

2/21/2017

TRUE

33,846.28

TRUE

2/27/2026

TRUE

2.506%

TRUE

4.006%

TRUE

4/25/2024

TRUE

94,950.64

TRUE

4990401YJ1148H0043YQ

TRUE

FALSE

Completed

004950741030607338

TRUE

SECURED

TRUE

12/4/2049

TRUE

178

TRUE

6/2/2016

TRUE

133,007.04

TRUE

8/3/2025

TRUE

3.526%

TRUE

4.776%

TRUE

9/13/2024

TRUE

118,049.92

TRUE

1579107DG4017N0003AB

TRUE

FALSE

Completed

004951771030616655

TRUE

SECURED

TRUE

10/1/2045

TRUE

151

TRUE

N/A

TRUE

146,856.55

TRUE

5/31/2025

TRUE

3.718%

TRUE

4.568%

TRUE

11/11/2014

TRUE

136,463.58

TRUE

8713823VK4381S0010FR

TRUE

FALSE

Completed

004951781030649111

TRUE

SECURED

TRUE

10/31/2044

TRUE

3/23/2021

TRUE

425,661.25

TRUE

1/30/2026

TRUE

2.691%

TRUE

7.191%

TRUE

2/22/2024

FALSE

21/02/2025

279,714.28

FALSE

202,675.00

8339601VL1083N0017QQ

TRUE

Completed

004951811030644474

TRUE

SECURED

TRUE

8/4/2052

TRUE

5/29/2024

TRUE

224,401.45

TRUE

7/3/2025

TRUE

3.650%

TRUE

5.150%

TRUE

4/25/2024

TRUE

395,838.98

TRUE

3837601VK4633N0008KE

TRUE

FALSE

Completed

004951821030637166

TRUE

SECURED

TRUE

11/30/2061

TRUE

2/20/2024

TRUE

140,131.47

TRUE

2/27/2026

TRUE

2.506%

TRUE

6.206%

TRUE

9/24/2024

TRUE

292,982.11

TRUE

6432202VK2863S0005IY

TRUE

FALSE

Completed

004952631030694306

TRUE

SECURED

TRUE

1/1/2048

TRUE

151

TRUE

N/A

TRUE

118,755.41

TRUE

12/31/2025

TRUE

2.506%

TRUE

3.456%

TRUE

5/20/2024

TRUE

50,874.93

TRUE

1618404QH1211N0006YM

TRUE

FALSE

Completed

004952861030604183

TRUE

SECURED

TRUE

9/30/2064

TRUE

9/10/2024

TRUE

122,627.44

TRUE

9/29/2025

TRUE

3.166%

TRUE

4.526%

TRUE

5/20/2024

TRUE

134,087.44

TRUE

8160604YJ3986S0009UK

TRUE

FALSE

Completed

004953221030632526

TRUE

SECURED

TRUE

12/26/2046

TRUE

7/13/2020

TRUE

202,963.73

TRUE

12/25/2025

TRUE

2.936%

TRUE

3.686%

TRUE

5/20/2024

TRUE

157,849.80

TRUE

0951707CS3015S032GM

TRUE

FALSE

Completed

004954831030642868

TRUE

SECURED

TRUE

6/23/2038

TRUE

12/28/2023

TRUE

200,610.87

TRUE

6/22/2025

TRUE

3.718%

TRUE

4.298%

TRUE

5/20/2024

TRUE

185,056.46

TRUE

2071859XM7027S0032FF

TRUE

FALSE

Completed

004957381030618897

TRUE

SECURED

TRUE

4/10/2048

TRUE

142

TRUE

12/14/2011

TRUE

107,631.10

TRUE

4/9/2025

TRUE

3.609%

TRUE

4.359%

TRUE

5/20/2024

TRUE

75,266.73

TRUE

8599143VG3189N0027GK

TRUE

FALSE

Completed

004957491030000016

TRUE

SECURED

TRUE

11/22/2033

TRUE

10/8/2013

TRUE

39,904.92

TRUE

2/21/2026

TRUE

2.506%

TRUE

5.006%

TRUE

5/20/2024

TRUE

151,768.32

TRUE

4944802YJ2744D0010DU

TRUE

FALSE

Completed

004957501030604080

TRUE

SECURED

TRUE

3/4/2053

TRUE

117

TRUE

12/5/2023

TRUE

280,171.86

TRUE

3/3/2025

TRUE

3.679%

TRUE

4.429%

TRUE

5/20/2024

TRUE

234,843.26

TRUE

0777714DF3807F0009GO

TRUE

FALSE

Completed

004957691030000178

TRUE

SECURED

TRUE

11/1/2053

TRUE

2/26/2016

TRUE

137,206.15

TRUE

1/31/2026

TRUE

2.436%

TRUE

3.686%

TRUE

5/20/2024

TRUE

105,325.06

TRUE

3645984VN5534N0066ZB

TRUE

FALSE

Completed

004957921030602960

TRUE

SECURED

TRUE

2/4/2058

TRUE

178

TRUE

10/6/2021

TRUE

226,578.72

TRUE

12/3/2025

TRUE

2.506%

TRUE

3.756%

TRUE

12/28/2016

TRUE

184,391.63

TRUE

4082104UF1348S0002HQ

TRUE

FALSE

Completed

004959091030604284

TRUE

SECURED

TRUE

7/29/2048

TRUE

7/20/2017

TRUE

294,107.09

TRUE

No reset

TRUE

2.506%

TRUE

1.519%

TRUE

2/10/2024

TRUE

736,145.49

TRUE

345341H

TRUE

FALSE

Completed

004959431030633467

TRUE

SECURED

TRUE

12/31/2034

TRUE

4/29/2015

TRUE

61,411.10

TRUE

2/27/2026

TRUE

2.525%

TRUE

4.525%

TRUE

2/8/2024

TRUE

96,040.94

TRUE

6396410YJ2769N0001LM

TRUE

FALSE

Completed

004960071030603725

TRUE

SECURED

TRUE

7/31/2040

TRUE

4/30/2020

TRUE

183,489.77

TRUE

7/31/2025

TRUE

3.526%

TRUE

5.066%

TRUE

5/20/2024

TRUE

182,141.37

TRUE

3473510UF7637S0001YB

TRUE

FALSE

Completed

004960141030614904

TRUE

SECURED

TRUE

9/4/2041

TRUE

3/4/2026

TRUE

7/20/2021

TRUE

205,225.42

TRUE

3/3/2025

TRUE

3.679%

TRUE

3.929%

TRUE

5/20/2024

TRUE

144,012.85

TRUE

9038001VL6093N0001LY

TRUE

FALSE

Completed

004960211030603718

TRUE

SECURED

TRUE

2/22/2050

TRUE

2/28/2013

TRUE

129,363.77

TRUE

2/21/2026

TRUE

2.506%

TRUE

3.356%

TRUE

5/20/2024

TRUE

96,732.52

TRUE

396A00700000000001HQ

TRUE

FALSE

Completed

004960211030605448

TRUE

SECURED

TRUE

2/28/2031

TRUE

152

TRUE

N/A

TRUE

41,378.05

TRUE

2/27/2026

TRUE

2.506%

TRUE

5.006%

TRUE

5/20/2024

TRUE

156,734.14

TRUE

4731212XJ1343S0001SF

TRUE

FALSE

Completed

004960951030607418

TRUE

SECURED

TRUE

8/20/2030

TRUE

12/4/2023

TRUE

34,832.69

TRUE

2/19/2026

TRUE

2.506%

TRUE

3.256%

TRUE

5/20/2024

TRUE

229,612.58

TRUE

8234423VK1883S0007ZR

TRUE

FALSE

Completed

004961011030608312

TRUE

SECURED

TRUE

2/28/2049

TRUE

2/28/2029

TRUE

5/14/2024

TRUE

16,174.88

TRUE

2/27/2026

TRUE

2.406%

TRUE

2.406%

TRUE

9/8/2024

TRUE

283,215.13

TRUE

0666215VL2006N0001PL

TRUE

FALSE

Completed

004962601030000251

TRUE

SECURED

TRUE

1/14/2050

TRUE

10/2/2020

TRUE

327,201.04

TRUE

1/13/2026

TRUE

2.691%

TRUE

6.191%

TRUE

2/16/2024

TRUE

76,081.35

TRUE

23012A052001470000OM

TRUE

FALSE

Completed

004967881030000055

TRUE

SECURED

TRUE

6/25/2050

TRUE

157

TRUE

5/8/2012

TRUE

260,264.54

TRUE

6/24/2025

TRUE

3.718%

TRUE

4.468%

TRUE

5/20/2024

TRUE

263,400.19

TRUE

1481002CG4218S0001OJ

TRUE

FALSE

Completed

004970861030000958

TRUE

SECURED

TRUE

6/4/2036

TRUE

7/31/2024

TRUE

470,802.52

TRUE

6/3/2025

TRUE

N/A

TRUE

5.930%

TRUE

7/5/2024

TRUE

908,403.34

TRUE

50224B009000880000AZ

TRUE

FALSE

Completed

004971591030001380

TRUE

SECURED

TRUE

2/28/2030

TRUE

2/27/2024

TRUE

91,424.87

TRUE

2/27/2026

TRUE

2.506%

TRUE

7.506%

TRUE

5/20/2024

TRUE

246,517.84

TRUE

0008117TG4300N0001PH

TRUE

FALSE

Completed

004972401030004857

TRUE

SECURED

TRUE

6/30/2062

TRUE

7/31/2028

TRUE

11/20/2023

TRUE

253,198.79

TRUE

7/30/2025

TRUE

3.603%

TRUE

3.603%

TRUE

7/3/2024

TRUE

345,994.73

TRUE

2222101UF2422S0086RF

TRUE

FALSE

Completed

004972401030005218

TRUE

SECURED

TRUE

1/31/2039

TRUE

N/A

TRUE

367,428.49

TRUE

7/30/2025

TRUE

3.703%

TRUE

6.693%

TRUE

9/27/2024

TRUE

173,738.02

TRUE

6725901UF0362N0182HG

TRUE

FALSE

Completed

004972481030000526

TRUE

SECURED

TRUE

9/24/2033

TRUE

10/24/2022

TRUE

23,975.33

TRUE

9/23/2025

TRUE

3.650%

TRUE

4.650%

TRUE

8/26/2024

TRUE

17,014.14

TRUE

2388405WF5728N0001HO

TRUE

FALSE

Completed

004973821030001949

TRUE

SECURED

TRUE

3/16/2049

TRUE

166

TRUE

10/3/2023

TRUE

111,876.80

TRUE

3/15/2025

TRUE

3.679%

TRUE

4.529%

TRUE

5/20/2024

TRUE

105,579.17

TRUE

4258414VG1745N0016AQ

TRUE

FALSE

Completed

004973821030001958

TRUE

SECURED

TRUE

12/18/2039

TRUE

164

TRUE

10/3/2023

TRUE

15,939.63

TRUE

12/17/2025

TRUE

2.936%

TRUE

5.186%

TRUE

5/20/2024

TRUE

105,579.17

TRUE

4258414VG1745N0016AQ

TRUE

FALSE

Completed

004974001030000571

TRUE

SECURED

TRUE

8/31/2055

TRUE

2/25/2022

TRUE

186,694.22

TRUE

2/27/2026

TRUE

2.506%

TRUE

3.266%

TRUE

5/20/2024

TRUE

463,588.12

TRUE

310000000001591069AS

TRUE

FALSE

Completed

004977541030001403

TRUE

SECURED

TRUE

2/28/2034

TRUE

N/A

TRUE

46,874.66

TRUE

2/27/2026

TRUE

2.506%

TRUE

6.006%

TRUE

5/20/2024

TRUE

117,878.40

TRUE

1839701NH2413N0001XX

TRUE

FALSE

Completed

004978681030000119

TRUE

SECURED

TRUE

5/28/2053

TRUE

3/31/2026

TRUE

9/24/2021

TRUE

51,754.52

TRUE

3/27/2025

TRUE

3.679%

TRUE

3.929%

TRUE

5/20/2024

TRUE

168,491.72

TRUE

36054A011000600001RH

TRUE

FALSE

Completed

004978681030000141

TRUE

SECURED

TRUE

3/31/2055

TRUE

3/31/2026

TRUE

11/12/2021

TRUE

170,666.53

TRUE

9/29/2025

TRUE

3.650%

TRUE

3.900%

TRUE

5/20/2024

TRUE

168,491.72

TRUE

36054A011000600001RH

TRUE

FALSE

Completed

Integrity Summary

	Differences
Field	#	%	€	%
Loan ID	0	0.00	0.00	0.00
TYPE OF DEBT (SECURED/UNSECURED)	0	0.00	0.00	0.00
MATURITY DATE [as of 30/04/2025]	0	0.00	0.00	0.00
DAYS PAST DUE	0	0.00	0.00	0.00
GRACE PERIOD END DATE [Enriched 14/04/2025]	0	0.00	0.00	0.00
LAST RESTRUCTURING DATE [Enriched 07/05/2025]	0	0.00	0.00	0.00
OUTSTANDING BALANCE (€) [as of 30/04/2025]	0	0.00	0.00	0.00
CURRENT INTEREST INDEX NEXT RESET DATE	0	0.00	0.00	0.00
CURRENT INDEX REFERENCE RATE (%)	0	0.00	0.00	0.00
FINAL INTEREST RATE APPLIED POST-BONUS (%)	2	2.00	178,558.28	1.06
REGISTRY LIEN RANK [Enriched 07/05/2025]	0	0.00	0.00	0.00
BANK APPRAISAL DATE	4	4.00	982,008.94	5.82
BANK APPRAISAL (€)	4	4.00	982,008.94	5.82
CADASTRAL REFERENCE	3	3.00	671,647.31	3.98
Total	13	0.93

	Summary
Field	#	%	€	%
Total number of loans with differences	8	8.00	1,527,401.42	9.06
Total number of loans with no differences	91	91.00	15,334,212.87	90.94
Total Number of Reviewed Loans	100	100.00	16,861,614.29	100.00

Flamenco - FC UW Servicing Review

Review

Loan ID

Originator

TYPE OF BORROWER

Loan Application

Credit Report

Customer DD

Valuation Report

Mortgage Deed

Restructure Deeds

UW Decisions

Prudent Lending

Reason for Arrears

Servicing Notes & Correspondence

Collections Notes

Fees and charges

Forbearance

Codigo Buenas Practicas

Litigation & External DCAs

Vulnerable Customers

Loan Agreement Consistency

Abusive Clauses

Debtors' Associations

Quadrin Grade

Comments

Exceptions

Status

004900321030162717

BANCO ESPAÑOL DE CREDITO

INDIVIDUAL

Yes

n/a

Unknown

Yes

n/a

Yes

Grade Comment: Mortgage loan for €148,000 originated by Banesto in Jun07 over 40 years, for the purchase of the first residency of the borrower, valued in €168,500 (87% LTV). Approved by mortgage unit on 27Jun07. Account 90 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 08May25, and multiple communication attempts by phone and SMS, all unsuccessful.
UW Decisions: LTV and term longer than stated in policy.
Prudent Lending: LTV of 87% at origination and borrower will be 91 years old at maturity, which exceeds prudent lending criteria.
Fees and charges: Fees of €30 charged on late payments.

TRUE

Complete

004900521030001846

SANTANDER

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Mortgage loan for €290,000 originated by Santander in Apr08 over 40 years, for the purchase of the first residency of the borrower, valued in €370,000(78% LTV). Approved by the branch on 15Apr08. 12 months interest only granted in 2020 in the context of Covid-19. Account 74 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 20May25, and multiple communication attempts by phone and SMS, all unsuccessful.
Forbearance: 2 months interest only granted in 2020 in the context of Covid-19.
Litigation & External DCAs: Collections outsourced to external DCAs.

FALSE

Complete

004900541030238196

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Mortgage loan for €847,000 originated by Santander in Mar20 over 17 years, for financing a banqueting hall which was collateralising a doubtful mortgage of a different borrower. Collateral valued in €1.5m (55% LTV). Approved by mortgage unit on 18Mar20. Account 30 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 08May25.
Collections Notes: No evidence of collection notes found on Sirec.
Fees and charges: Evidence of €39 charged on every instalment which is paid late.

TRUE

Complete

004900591030109164

SANTANDER

INDIVIDUAL

Yes

n/a

Yes

No current arrears

Yes

n/a

Grade Comment: No arrears as of review date.

FALSE

Complete

004901221030180962

BANCO ESPAÑOL DE CREDITO

INDIVIDUAL

Yes

Business Slow

Yes

n/a

Yes

Grade Comment: Mortgage loan for €65,100 originated by Banesto in Feb04 over 30 years, for the purchase of the first residency of the borrower, valued in €81,375 (80% LTV). Approved by mortgage unit on 10Feb04. Capital increased to €79,500 in Jun06, approved by mortgage unit on 27Jun06. Restructured in Mar09 (Plan Familia) increasing the capital to €87,500 and extending the term until Jun36. Restructured again in Nov11, providing an interest only term of 12 months and increasing the capital to €87,000, approved by the mortgage unit in Sep11. Restructured again in Feb13 (Plan Familia) increasing the capital to €89,500 with 2 years interest only. Restructured again in Dec15 increasing the capital to €87,000 and extending the term until Jun45, approved by the local branch on 22Dec15. Account 120 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 19May25, and multiple communication by phone and SMS.
Prudent Lending: Borrower will be 103 years old at maturity after the restructure, which does not comply with with prudent lending criteria.
Fees and charges: Evidence of fees of €30 charged on every unpaid instalment.
Litigation & External DCAs: Collections outsourced to external DCAs.

TRUE

Complete

004901221030182652

BANCO ESPAÑOL DE CREDITO

INDIVIDUAL

Yes

n/a

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Evidence of statutory letters sent to debtor and multiple communication attempts by phone and SMS, all unsuccessful. 7 unpaid instalments as of review date. Approved by Risk department 03Nov06.
Litigation & External DCAs: SIREC shows record of external collector making calls, latest attempt 24Mar25.

FALSE

Complete

004901421030107978

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: Mortgage loan for €500,00 originated by Banco Popular in Jul15 over 12 years and 5 months, collateralised by 2 commercial units and 4 agricultural assets, valued in €875,272.96 (57% LTV) in total. Approved by mortgage unit on 02Jul15. Capital increased in Feb21 to €401,000 and term extended until Jan34. Several historic late payments however;, account is performing as at the cut-off date. Evidence of communication with the borrowers by phone and SMS.
UW Decisions: One of the borrowers will be 89 years old at loan maturity.
Prudent Lending: Age of one of the borrowers at maturity (89) exceeds prudent lending criteria.

TRUE

Complete

004901421030108314

POPULAR

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 2 unpaid instalments as of review date Evidence of statutory letters sent to debtor and multiple communication attempts by phone and SMS.
Litigation & External DCAs: SIREC shows collection calls from external agency, latest attempt 20May25

FALSE

Complete

004901421030108319

BANCO DE ANDALUCIA

INDIVIDUAL

Yes

n/a

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Loan purpose was restructure of debts 8 unpaid instalments as of review date.
Valuation Report: No valuation report found.
Fees and charges: €34 fee charged in latest liquidation of late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external collector, latest 15Apr25

TRUE

Complete

004902481030092700

POPULAR

INDIVIDUAL

Yes

n/a

No current arrears

Yes

n/a

Yes

n/a

Grade Comment: Mortgage loan for €690,000 originated by Popular in Jul16 over 30 years, collateralised by an industrial warehouse valued in €761,344 (91% LTV). Approved by mortgage unit on 19Jun16. Account performing as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 08May25, and multiple communication attempts by phone and SMS, all unsuccessful. Borrower was in insolvency procedures that have already concluded.
Mortgage Deed: Mortgage deed not seen on file.
UW Decisions: 91% LTV for financing an industrial warehouse does not comply with product guidelines.
Prudent Lending: 91% LTV for financing a warehouse does not appear to be prudent.
Fees and charges: Evidence of late fees of €39 charged on late payments.

TRUE

Complete

004904161030012703

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Second mortgage, first lien also with Banco Santander. 6 unpaid instalments as of review date. Evidence of statutory letters sent to debtor and multiple communication attempts by phone and SMS. Unsuccessful. Voicemails and no answer.
Litigation & External DCAs: SIREC shows collection calls from external agency, latest 05May25

FALSE

Complete

004904561030061062

POPULAR

INDIVIDUAL

Yes

n/a

Unknown

Yes

n/a

Yes

Grade Comment: Subrogation in a developer mortgage loan of €160,000, increasing the capital to €187,500, originated by Popular in Feb16 until Feb51, for the purchase of the first residency of the borrower, valued in €173,397.92 (108% LTV). Approved by mortgage unit on 27Jun07. Account 66 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 08May25, and multiple communications by phone, email and SMS.
Valuation Report: No valuation report found on file.
UW Decisions: Subrogation in a developer mortgage with an LTV of 108% at origination. Age of the borrower at loan maturity exceeds 75 years old, which was the limit for Banco Popular.
Prudent Lending: LTV at origination exceeding 108% LTV, which appears to be excessive.
Fees and charges: Late fees of €35 applied to late payments.
Litigation & External DCAs: Collections outsourced to external DCAs.

TRUE

Complete

004905401030034301

SANTANDER

INDIVIDUAL

Yes

n/a

Unknown

Yes

n/a

Yes

Grade Comment: Evidence of statutory letters sent to debtor and multiple communication attempts by phone and SMS, all unsuccessful. 5 unpaid instalments as of review date. Loan purpose was to buy a land plot, LTV at origination was 60%.
UW Decisions: Borrower will be 86 at loan maturity.
Prudent Lending: Borrower will be 86 at loan maturity.
Fees and charges: €49€ fee charged in unpaid instalment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 20May25

TRUE

Complete

004905401030034571

SANTANDER

INDIVIDUAL

Yes

Severe Illness

Yes

Grade Comment: Mortgage subrogation for €195,000 originated by Santander in Dec09 over 25 years, collateralised by an apartment and 2 garages valued in €300,000 (65% LTV). Approved by mortgage unit on 09Dec09. Restructured in Jun12, increasing the capital to €208,000, with 2 years interest only and extending the term until 2036, approved by the mortgage unit on 11Jun12. Restructure as per the terms of CBP 6/2012 in Oct14, extending the term until Jul40 and providing 5 years interest only, approved by the mortgage unit on 16Oct14. Covid-19 forbearance granted in May21, providing 12 months interest only and extending the maturity until Jul41. Interest only in the context of Covid-19 granted for 12 months, extending the maturity until Jul41. New restructure made in Jan24, increasing the capital in €3k and the maturity of the mortgage until May48, approved by mortgage unit on 20Dec23. Account 128 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, and multiple communications by phone, email and SMS.
Prudent Lending: Borrower will 93 years old at maturity after the restructure, which does not meet prudent lending criteria.
Forbearance: Restructure as per the terms of CBP 6/2012 in Oct14, extending the term until Jul40 and providing 5 years interest only, approved by the mortgage unit on 16Oct14.
Litigation & External DCAs: Collections outsourced to external DCAs.
Vulnerable Customers: Borrower has cancer according to system notes.

TRUE

Complete

004907921030079852

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Multicurrency loan, originated in Japanese Yens in 2007, changed to Euros in 2023, after a court ruling compelled lender to make the change. 3 unpaid instalments as of review date. Evidence of statutory letters sent to debtor and multiple communication attempts by phone and SMS, all unsuccessful.
Fees and charges: €49 fee applied to debtor in late payments.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 22Apr25.

FALSE

Complete

004909751030000571

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: No current arrears as of review date. Original Loan purpose home purchase with LTV 111% (purchase price €464,755.85, loan amount €519,498)
Valuation Report: Valuation report not in system.
UW Decisions: LTV 111%
Prudent Lending: Loan purpose home purchase, LTV 111%
Forbearance: 12 months of interest only signed 17Jun20 in context of COVID
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 13May25

TRUE

Complete

004909781030005678

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: Mortgage loan for €156,000 originated by Santander in Feb07 over 40 years, for the purchase of a business, collateralised by the first residency of the borrowers valued in €193,254 (80% LTV). Approved by mortgage unit on 23Jan07. Restructured in Jun12, providing 3 years interest only and extending the maturity until Feb50, approved by the mortgage unit on 10Apr12. Interest only granted until Jan25 in Jul24, approved by the mortgage unit in Jun24. Account performing as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 08May25, and multiple communication attempts by phone and SMS, all unsuccessful.
Prudent Lending: Borrower will be 83 years old at loan maturity.

TRUE

Complete

004910661030000201

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 6 unpaid instalments as of review date. Loan purpose at origination was home purchase with LTV 109%, meeting with borrower dated 08May25: she is willing to sell the asset to clear the debt
UW Decisions: LTV 109%
Prudent Lending: LTV 109%, and borrower will be 89 years old after the restructure, which does not meet prudent lending criteria.
Fees and charges: €39 fee charged for late payments
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 16May25

TRUE

Complete

004910661030003819

BANCO SANTANDER

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 9 unpaid instalments as of review date, loan purpose was refinance arrears of first mortgage, also in pool.
Prudent Lending: Refinance arrears of previous mortgage. Borrower will be 104 years old at maturity, which does not meet prudent lending criteria.
Fees and charges: €39 fee charged to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 16May25

TRUE

Complete

004911561030024829

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: Mortgage loan for €450,000 originated by Popular in Mar17 over 15 years, collateralised by a vineyard with a restaurant in the Canary Islands valued in €1,161,853.31 (39% LTV). Approved by mortgage unit on 16Mar17. Interest only for 12 months granted in the context of Covid-19 in 2020 and one additional interest only term of one year approved in 2021, extending the current maturity of the loan until Apr34, approved by the mortgage unit in Aug21. Account performing as at the cut-off date. Evidence of statutory letters sent to debtor and communications by phone, email and SMS.
Forbearance: Interest only for 12 months granted in the context of Covid-19 in 2020.

FALSE

Complete

Loan ID

Originator

TYPE OF BORROWER

Loan Application

Credit Report

Customer DD

Valuation Report

Mortgage Deed

Restructure Deeds

UW Decisions

Prudent Lending

Reason for Arrears

Servicing Notes & Correspondence

Collections Notes

Fees and charges

Forbearance

Codigo Buenas Practicas

Litigation & External DCAs

Vulnerable Customers

Loan Agreement Consistency

Abusive Clauses

Debtors' Associations

Quadrin Grade

Comments

Exceptions

Status

004911561030025252

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: No arrears as of review date. Loan purpose at origination was home purchase, financed 90% of the purchase price, although 78% of valuation.
Prudent Lending: LTV 90% considering purchase price €54,000 although considering valuation for €65k, LTV is <80%
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 06May25

TRUE

Complete

004913091030001847

BANCO PASTOR

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Mortgage loan for €118,660 originated by Banco Pastor in Jul04 over 30 years, collateralised by a house valued in €175,008.66 (68% LTV). Initial approval not seen on system. Restructured in Jun14, extending the term until Jun44 and providing 5 years interest only, approved by the mortgage unit on 10Jun14. Account 66 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 02May25, and multiple communication attempts by phone and SMS.
Litigation & External DCAs: Collection activities outsourced to external DCAs.

FALSE

Complete

004913741030000849

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Unknown

Yes

n/a

Yes

Grade Comment: 4 unpaid instalments as of review date, although arrears reduced by latest payment received 16May25.
UW Decisions: Borrower will be 89 at loan maturity.
Prudent Lending: Borrower will be 89 at loan maturity.
Fees and charges: €30 fee charged to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 09May25

TRUE

Complete

004913821030000454

BANCO PASTOR

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: No arrears as of review date, loan has been in interest only for 12 months, amortization resumes 19Jun25, latest comments for this refinance says that borrower is separated, spouse does not pay his part, and she will be putting the asset for sale.
Prudent Lending: Borrower will be 88 years old at maturity after the restructure, which does not meet prudent lending criteria. Term of the loan is 53 years, which is considered excessive.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 03Apr25

TRUE

Complete

004913911330000157

BANCO SANTANDER

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: Mortgage loan for €340,000 originated by Santander in Mar20 over 12 years, collateralised by several cereal plantation plots in Ciudad Real valued in €657,453.36 (52% LTV). Approved by mortgage unit on 03Mar20. Capital extended to €482,000, extending the term in 4 years in Oct21, approved by the mortgage unit on 15Sep21. Account performing as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 19May25, and communications by phone, email and SMS.
Fees and charges: Late fees of €49 charged on every late payment.
Litigation & External DCAs: Collection activities outsourced to external DCAs.

FALSE

Complete

004914401030002353

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: No current arrears. Loan purpose was debt consolidation. Loan is performing after arrears paid off by recent payment obtained by collection call on 07May25.
Prudent Lending: Borrower will be 89 years old at maturity, which does not meet prudent lending criteria.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 07May25

TRUE

Complete

004915201030001375

BANCO SANTANDER

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: Mortgage loan for €129,000 originated by Santander in Feb10 over 25 years for the purchase of the first residency of the borrower, valued in €170,836.60 (75% LTV). Approved by mortgage unit on 26Feb10. Capital increased to €163,000, extending the current maturity of the loan until Jun42, approved by the mortgage unit in Apr16. 9 months interest only granted in the context of Covid-19, extending the maturity of the mortgage until Mar43. Account performing as at the cut-off date. Evidence of statutory letters sent to debtor and communications by phone, email and SMS.
Fees and charges: Late fees of €49 charged on late payments.
Forbearance: 9 months interest only granted in the context of Covid-19, extending the maturity of the mortgage until Mar43.
Litigation & External DCAs: Collections outsourced to external DCA.

FALSE

Complete

004915221030000340

BANCO SANTANDER

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 2 unpaid instalments as of review date. Loan purpose was debt consolidation restructuring debt and including a rustic plot as additional guarantee.
Prudent Lending: Borrower will be 88 years old at maturity, which does not meet prudent lending criteria.
Fees and charges: €39 fee charged to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 19May25

TRUE

Complete

004915871030064910

BANCO SANTANDER

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Self developer loan for €160,000 originated by Santander in Jan09 over 30 years, collateralised by a house valued in €229,800(69% LTV). Approved by mortgage unit on 16Jan09. Capital increased in €32,278 and maturity of the loan extended until Jan49 in Mar10 to consolidate other debts, approved by the mortgage unit in Mar10. Capital increased in €2,367.84 and 3 years interest only granted in Oct11, approved by the mortgage unit on 26Sep11. Maturity of the loan extended until Jan59 and 6 months interest only granted in Feb25, approved by the mortgage unit on 07Jan25. Account 136 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor. No evidence of other collection activities found on Sirec.
Prudent Lending: Term of the loan after the restructure is 50 years, which is considered excessive.
Collections Notes: No evidence of collection notes found on Sirec.
Fees and charges: €30 late fee charged on late payments.

TRUE

Complete

004917371030006268

BANCO SANTANDER

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 5 unpaid instalments as of review date.
Valuation Report: No valuation report available.
Prudent Lending: Borrower will be 89 years old at maturity, which does not meet prudent lending criteria. Term of the loan after the restructure was 47 years, which is considered excessive.
Fees and charges: €98 fee charged to debtor for late payments of 5 instalments in liquidation dated 08May25.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 19May25.

TRUE

Complete

004917401030004293

BANESTO

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

n/a

Grade Comment: Mortgage loan for €260,000 originated by Banesto in Dec06 over 40 years, for the purchase of the first residency of the borrower, valued in €340,000 (76% LTV). Approved by mortgage unit on 14Dec06. Interest only for 24 months and term extended in 3 months, in Mar21, approved by the mortgage unit in Feb21. Account 90 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 08May25, and multiple communication attempts by phone, email and SMS, all unsuccessful.
Valuation Report: Valuation report not found on file.
Mortgage Deed: Original mortgage deed not found on file.
Fees and charges: Late fee on €25 applied to late payments.
Litigation & External DCAs: Collection activities outsourced to external DCAs.

TRUE

Complete

004917751030000501

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

n/a

No current arrears

Yes

n/a

Yes

Grade Comment: No arrears as of review date. Collection notes shows recent payments achieved by credit card during the call. Loan purpose buy home, Approved by Risk department with LTV 89% and DTI 36%
UW Decisions: LTV 89% and borrower will be 96 years old at loan maturity.
Prudent Lending: LTV 89% and borrower will be 96 years old at loan maturity, which does not meet with prudent lending criteria.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 30Apr25

TRUE

Complete

004923181030548379

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Origination with Low LTV 30%. 3 unpaid instalments as of review date
Fees and charges: €39 fee applied to debtor for late payments
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 15May25

FALSE

Complete

004923401030502586

SANTANDER

INDIVIDUAL

Yes

Overindebtedness

Yes

n/a

Yes

Grade Comment: Mortgage loan for €255,000 originated by Santander in Jun07 over 40 years, for the purchase of the first residency of the borrower, valued in €307,600 (83% LTV). Capital increased to €258,240.88, 2 years interest only added and term extended until Nov49 in Feb13, approved by mortgage unit on 22Feb13. Capital increased in €3,716, releasing one of the mortgagors, and providing 12 months interest only in Jun15. The value of the collateral at this stage was €119,520 (over 200% LTV). Approved by mortgage unit on 03Jun15, with the condition that a sale mandate would be obtained. 12 months interest only granted in Feb19, approved by the mortgage unit on 24Jan19. Covid19 moratorium granted in 2021. Account 96 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 16May25, and multiple communication attempts by phone and SMS, all unsuccessful. File has recently been transferred to pre-litigation.
UW Decisions: LTV was over 200% in one of the restructures made and borrower will be 101 years old at loan maturity.
Prudent Lending: LTV was over 200% in one of the restructures made and borrower will be 101 years old at loan maturity, which is not considered prudent.
Fees and charges: Late fees of €28 applied.
Forbearance: Covid19 moratorium granted in 2021.
Litigation & External DCAs: Collection activities outsourced to external collectors. File currently in pre-litigation stage.

TRUE

Complete

004924561030476480

SANTANDER

INDIVIDUAL

Yes

n/a

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: No arrears as of review date. Loan purpose was home expenses and furniture for €60k, approved by risk department on 22Dec17.

FALSE

Complete

004924671030484054

BANCO PASTOR

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 5 unpaid instalments as of review date. LTV 79% at origination.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 26Feb25, unsuccessful

FALSE

Complete

004924961030485060

BANCO SANTANDER

INDIVIDUAL

Yes

Overindebtedness

Yes

n/a

Yes

Grade Comment: Mortgage loan for €345,000 originated by Santander in Aug07 over 30 years, to consolidate debts, collateralised by the first residency of the borrowers, valued in €435,000 (79% LTV). Approved by mortgage unit on 24Aug07. Capital increased in €120,444.22, and term extended in 5 years until Aug42, with 12 months interest only in Feb21, approved by the mortgage unit on 25Jan21. 15 months interest only granted in Aug24, approved by the mortgage unit on 18Jun24. Account 93 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 19May25, and multiple communication attempts by phone and SMS, all unsuccessful.
Restructure Deeds: Restructure deeds from 2021 and 2024 not available on file.
Fees and charges: Late fees of €28 applied.
Litigation & External DCAs: Collection activities outsourced to external collectors.

TRUE

Complete

004925321030000415

POPULAR (BANCO PASTOR)

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: LTV 38% at origination. 1 unpaid instalment as of review date.
Fees and charges: €30 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 20May25, unsuccessful

FALSE

Complete

004926601030458050

BANCO CENTRAL HISPANO AMERICANO

INDIVIDUAL

Yes

Overindebtedness

Yes

n/a

Yes

Grade Comment: Mortgage loan for €222,000 originated by Santander in Mar06 over 40 years, with 5 years interest only, for the purchase of the first residency of the borrower, valued in €213,354, collateralised also by another asset owned by the parents of one of the borrowers valued in €176,221 (57% LTV in total). Approved by mortgage unit on 27Mar06. Restructured in Jul14, increasing the capital to €218,000, with 24 months interest only (valuation of the 2 collaterals at this stage was €210,000 in total (>100% LTV). Covid-19 moratorium granted for 3 months, extending the maturity of the loan until Sep46. Account 152 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 12May25, and multiple communication attempts by phone and SMS, all unsuccessful.
UW Decisions: LTV at the time of the restructuring in 2014 exceeded 100% LTV.
Prudent Lending: LTV at the time of the restructuring in 2014 exceeded 100% LTV, which is not considered prudent.
Fees and charges: 28€ late fees applied.
Forbearance: Covid-19 moratorium granted for 3 months, extending the maturity of the loan until Sep46.
Litigation & External DCAs: Collections outsourced to external DCAs.

TRUE

Complete

004927291030445237

BANESTO

INDIVIDUAL

Yes

n/a

Unknown

Yes

n/a

Yes

n/a

Grade Comment: 8 unpaid instalments as of review date, LTV 86%, Borrower disengaged, ditching phone calls, communication by email
Valuation Report: No valuation available.
Mortgage Deed: No deed available.
UW Decisions: LTV 86%
Prudent Lending: LTV 86% and borrower will be 88 years old at maturity, which does not meet prudent lending criteria.
Fees and charges: €30 fee applied to debtor for late payment
Forbearance: Restructure signed in 2013 including 36 months interest only and capitalisation of arrears.
Litigation & External DCAs: SIREC shows frequent emails sent from external agency, latest 09May25 latest call attempt on 10Apr25, note says that borrower rejects the call.

TRUE

Complete

Loan ID

Originator

TYPE OF BORROWER

Loan Application

Credit Report

Customer DD

Valuation Report

Mortgage Deed

Restructure Deeds

UW Decisions

Prudent Lending

Reason for Arrears

Servicing Notes & Correspondence

Collections Notes

Fees and charges

Forbearance

Codigo Buenas Practicas

Litigation & External DCAs

Vulnerable Customers

Loan Agreement Consistency

Abusive Clauses

Debtors' Associations

Quadrin Grade

Comments

Exceptions

Status

004929771030413961

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: Mortgage loan for €82,000 originated by Santander in Feb23 over 30 years, granted to the inheritor of the former deceased borrower, collateralised by an apartment valued in €200,000 (41% LTV). Approved by mortgage unit on 23Jan23. Account performing as at the cut-off date, with some historic late payments. Evidence of statutory letters sent to debtor, the latest on 12May25, and communications by phone, email and SMS.
Litigation & External DCAs: Collections outsourced to external DCAs.

FALSE

Complete

004930111830427276

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

n/a

No current arrears

Yes

n/a

Yes

n/a

Grade Comment: No arrears as of review date. Loan purpose to buy a touristic apartment inside a hotel, LTV 205% according to data in system, no deeds nor valuation available and no comments in the approval
Valuation Report: No valuation available
Mortgage Deed: No deed available
UW Decisions: LTV 205% according to data available in system, loan for €564,000 for a purchase of €274,762
Prudent Lending: LTV 205% according to data available in system, loan for €564,000 for a purchase of €274,762
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 14Jan25

TRUE

Complete

004930351030000861

BANCO DE CREDITO BALEAR

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

n/a

Grade Comment: Mortgage loan for €630,000 originated by Popular in Sep07 over 30 years, for the purchase of the first residency of the borrower, valued in €940,724.02 (67% LTV). Approved by mortgage unit on 19Aug07. Covid-19 moratorium granted in 2020, with 12 months interest only and extending the maturity of the loan 12 months. Account performing as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 08Apr25, and multiple communication attempts by phone and SMS, all unsuccessful.
Mortgage Deed: Original mortgage deed not available on file.
Forbearance: Covid-19 moratorium granted in 2020, with 12 months interest only and extending the maturity of the loan 12 months.
Litigation & External DCAs: Collections outsourced to external DCA.

TRUE

Complete

004932241030403991

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

n/a

Yes

Unknown

Yes

n/a

Yes

Grade Comment: LTV 60% over 2 assets (house and commercial) loan purpose was to buy the asset, extra payment for amortization reduced pending balance by €49,413.32 on 11Oct24, but both charges remain active in system. 8 unpaid instalments as of review date.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 13Mar25, unsuccessful, seeking meeting in person

FALSE

Complete

004933101030000146

BANCO SANTANDER

INDIVIDUAL

Yes

Unknown

Yes

Grade Comment: Mortgage loan for €123,000 originated by Santander in Mar06 over 35 years, for the purchase of the first residency of the borrower, valued in €150,000 (82% LTV). Approved by mortgage unit on 13Mar06. Restructured in Sep10, increasing the capital to €121,300 with 2 years interest only, approved by the mortgage unit on 09Sep10. Restructured again in Nov12, increasing the capital to €122,500 with 2 years interest only, approved by the mortgage unit on 23Nov12. Restructured again in Feb14 as per the terms of the RDL 6/2012 to protect borrowers in risk of social exclusion, increasing the capital to €123,627.52, the maturity of the loan until Mar46 with 5 years interest only, approved by the mortgage unit on 07Feb14. Restructured again in Mar21 as per the terms of the RDL 6/2012, increasing the capital to €122,892, with 5 years interest only. Covid-19 moratorium granted, extending the maturity of the mortgage until Nov46. Account 59 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 15May25, and multiple communication attempts by phone and SMS, all unsuccessful.
Prudent Lending: Borrower will be 90 years old at loan maturity after the restructure, which does not meet prudent lending criteria.
Forbearance: Restructured in Feb14 as per the terms of the RDL 6/2012 to protect borrowers in risk of social exclusion, increasing the capital to €123,627.52, the maturity of the loan until Mar46 with 5 years interest only, approved by the mortgage unit on 07Feb14. Restructured again in Mar21 as per the terms of the RDL 6/2012, increasing the capital to €122,892, with 5 years interest only. Covid-19 moratorium granted, extending the maturity of the mortgage until Nov46.
Litigation & External DCAs: Collections outsourced to external DCAs.
Vulnerable Customers: Borrower in risk of social exclusion as per system notes.

TRUE

Complete

004933761030001157

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 7 unpaid instalments as of review date, no fees, LTV at origination 80%.
Prudent Lending: Term of the loan after the restructure was 45 years, which is considered excessive.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 13May25

TRUE

Complete

004938411030469741

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Subrogation from Banesto for €234,000 originated by Santander in May07 over 30 years, for the purchase of the first residency of the borrower, valued in €290,134 (80% LTV). Approved by mortgage unit on 10May07. Restructured in Feb19, increasing the capital to €190,000 and extending the maturity of the loan until Feb48. Account 134 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 20May25, and multiple communications by phone, email and SMS.
Restructure Deeds: Restructure deed from 2019 not available on file.
Fees and charges: Late fees of €39 applied.
Litigation & External DCAs: Collections outsourced to external DCAs.

TRUE

Complete

004939711030422729

BANCO ESPAÑOL DE CREDITO

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: LTV 80% at origination, loan purpose buy home, restructured in 2014 with loan increase by €4,207.76 1 unpaid instalment as of review date,
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 05May25

FALSE

Complete

004942761030000780

BANCO SANTANDER

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 7 unpaid instalments as of review date. LTV was 80% at origination, term extended until borrower is 88 years old.
Prudent Lending: Borrower will be 88 years old at loan maturity
Fees and charges: €49 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 19May25

TRUE

Complete

004943621030000007

BANCO SANTANDER

INDIVIDUAL

Yes

Low Income

Yes

Grade Comment: Mortgage loan for €100,777 originated by Santander in Feb06 over 40 years, collateralised by the first residency of the borrower, a VPO with a legal value of €100,8777 (100% LTV, higher than 80% stated by policy). Approved by regional director on 08Feb06. Restructured in Dec11 increasing the capital to €99,000, extending the maturity 3 years and giving 3 years interest only, approved by the mortgage unit on 02Dec11. Restructured again in Dec14 as per the terms of the CBP RDL 6/2012, increasing the capital to €99,000 and the maturity of the loan until Feb46, with 5 years interest only, approved by the mortgage unit on 25Nov14. Restructured again as per the terms of the RDL 6/2012 in May20, increasing the capital until €98,577, and providing 5 years interest only. Account 40 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 20May25, and communications by phone, email and SMS.
Restructure Deeds: Restructure deed from May20 not found on file.
Forbearance: Restructured in Dec14 as per the terms of the CBP RDL 6/2012, increasing the capital to €99,000 and the maturity of the loan until Feb46, with 5 years interest only, approved by the mortgage unit on 25Nov14. Restructured again as per the terms of the RDL 6/2012 in May20, increasing the capital until €98,577, and providing 5 years interest only.
Litigation & External DCAs: Collections outsourced to external DCAs.
Vulnerable Customers: Borrowers in a situation of severe vulnerability according to system notes. B2 disable and B1 with a very low income. They have also a dependant son living at the collateral.

TRUE

Complete

004943851030000090

BANCO SANTANDER

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Loan purpose debt consolidation at 94% LTV, approval instructed to use all loan proceeds to cancel personal loan and credit card. 7 unpaid instalments as of review date.
UW Decisions: LTV 94%
Prudent Lending: LTV 94% adding this 3rd lien loan to the 1st and 2nd lien mortgages.
Fees and charges: €30 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 14May25

TRUE

Complete

004945721030000864

BANCO SANTANDER

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 4 unpaid instalments as of review date. Loan signed at 80% LTV in 2006, restructured in 2009 and 2012 increasing loan amount, extending term and including 36 months interest only without a new valuation.
Valuation Report: No valuation available
Prudent Lending: After latest term extension, Borrower will be 79 years old at loan maturity
Fees and charges: €49 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 20May25

TRUE

Complete

004946171030609859

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

Unemployed

Yes

n/a

Grade Comment: Mortgage loan for €132,500 originated by Popular in Oct06 over 30 years, for the purchase of the first residency of the borrowers, valued in €164,842.19 (80% LTV). Approved by mortgage unit on 03Oct06. Restructured in Mar09 increasing the capital to €131,000 and the maturity until Apr49, with 2 years interest only, approved by the mortgage unit on 05Mar09. Restructured again in Apr12, increasing the capital to €132,000 with 2 years interest only. Approved by the mortgage unit on 09Apr12. Restructured again in Jun14 as per the terms of the CBP 6/2012, increasing the capital to €132,837 with 5 years interest only. Approved by the mortgage unit on 11Jun14. Restructured again in May22 as per the terms of the CBP 6/2012 increasing the capital to €131,870 with 5 years interest only. Account 120 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 06May25, and multiple communication attempts by phone and SMS, all unsuccessful.
Valuation Report: Valuation report not found on file.
Mortgage Deed: Original mortgage deed not found on file.
Restructure Deeds: The only deed available is the restructure from 2014.
Forbearance: Restructured in Jun14 as per the terms of the CBP 6/2012, increasing the capital to €132,837 with 5 years interest only. Approved by the mortgage unit on 11Jun14. Restructured again in May22 as per the terms of the CBP 6/2012 increasing the capital to €131,870 with 5 years interest only.
Litigation & External DCAs: Collections outsourced to external DCAs.
Vulnerable Customers: Borrowers under severe vulnerability conditions. Both borrowers unemployed with no benefits and son living at the security working part-time with a monthly income of €650.

TRUE

Complete

004946591030612152

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: No evidence of any outsourced collections activities despite 7 unpaid instalments as of review date.
Valuation Report: No valuation available
Fees and charges: €35 fee applied to debtor for late payment

TRUE

Complete

004948031030604170

BANESTO

INDIVIDUAL

Yes

n/a

Unknown

Yes

n/a

Yes

n/a

Grade Comment: Mortgage loan for €220,000 originated by Banesto in Jun07 over 40 years, for the purchase of the first residency of the borrower, valued in €224,980 (98% LTV). Approved by mortgage unit on 14Jun07. Account 120 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 16May25, and multiple communication attempts by phone, email and SMS, all unsuccessful.
Loan Application: No loan application found on file.
Valuation Report: Valuation report not found on file.
Mortgage Deed: Mortgage deed not available on file.
UW Decisions: LTV of 98% at origination, not compliant with policy criteria.
Prudent Lending: 98% LTV does not comply with prudent lending criteria.
Fees and charges: Late fees of €30 applied.
Litigation & External DCAs: Collections outsourced to external DCAs.

TRUE

Complete

004948461030642186

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: Mortgage loan for €309,000 originated by Santander in Dec24 over 20 years, with 1 year interest only to restructure the debts of the company. Collateralised by 3assets owned by the company administrators valued in total in €356,382 (87% LTV) and the personal guarantee of the administrators. Approved by mortgage unit on 18Nov24. A couple of late payments however;, account is performing as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 08May25, and multiple communication attempts by phone and SMS, all unsuccessful.
Prudent Lending: LTV of 87% for debt consolidation and borrower will be 90 years old at loan maturity, which does not comply with prudent lending criteria.

TRUE

Complete

004948591030604925

BANCO ESPAÑOL DE CREDITO

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: No arrears as of review date, Age at loan maturity 75 years old.
UW Decisions: LTV 95%
Prudent Lending: LTV 95% and proof of income by company certificates instead of payslips and taxes. Borrower will be also 89 years old at maturity after the restructure. Term of the loan after the restructure was 45 years, which is considered excessive.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 28Mar25.

TRUE

Complete

Loan ID

Originator

TYPE OF BORROWER

Loan Application

Credit Report

Customer DD

Valuation Report

Mortgage Deed

Restructure Deeds

UW Decisions

Prudent Lending

Reason for Arrears

Servicing Notes & Correspondence

Collections Notes

Fees and charges

Forbearance

Codigo Buenas Practicas

Litigation & External DCAs

Vulnerable Customers

Loan Agreement Consistency

Abusive Clauses

Debtors' Associations

Quadrin Grade

Comments

Exceptions

Status

004948661030629346

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

Unemployed

Yes

n/a

Yes

Grade Comment: 4 unpaid instalments as of review date. Loan purpose was debt consolidation, cancelling previous mortgage for 56k, personal loan for 10k and cash out for 14k, used for refurbishment. LTV 72%
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 21May25

FALSE

Complete

004949341030604607

BANCO SANTANDER

INDIVIDUAL

Yes

Overindebtedness

Yes

Grade Comment: Subrogation of a mortgage from Popular to Santander for €178,000 originated by Santander in Jan07 over 25 years, collateralised by an asset valued in €222,500 (80% LTV). Approved by mortgage unit on 22Jan07. Second mortgage for €87,000 granted in Nov08 (total LTV at this time was 113%). First mortgage restructured as per the terms of RDL 6/2012 in Jul22 increasing capital up to €189,158.16, extending the maturity until Jan47 with 5 years interest only, approved by mortgage unit on 16Jun22. Third mortgage of €30,000 granted on 29Dec23. Account 96 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 24Apr25, and multiple communications by phone, email and SMS.
UW Decisions: Second mortgage granted, with an LTV of 113%, outside of policy criteria.
Prudent Lending: Second mortgage granted, with an LTV of 113%, not compliant with prudent lending.
Forbearance: First mortgage restructured as per the terms of RDL 6/2012 in Jul22 increasing capital up to €189,158.16, extending the maturity until Jan47 with 5 years interest only, approved by mortgage unit on 16Jun22.
Litigation & External DCAs: Collections outsourced to external DCAs.
Vulnerable Customers: Borrowers subject to the CBP.

TRUE

Complete

004949341030604613

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 5 unpaid instalments as of review date. LTV 50% at origination
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 14May25, latest answer in 02Apr25 when borrower made a payment

FALSE

Complete

004949461030699199

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

n/a

Skipped Abroad

Yes

n/a

Yes

Grade Comment: Borrower skipped abroad, latest contact dated 20May25 he is willing to sell the asset if that cleared the debt, he requested a DPO as he claims that the debt is higher than the selling price of the asset, latest update is waiting for an offer to buy the property. 7 unpaid instalments as of review date. LTV 130% at origination (loan amount 129k, valuation included in deed for 99,267.88)
UW Decisions: LTV 130%
Prudent Lending: LTV 130%
Fees and charges: €34 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 20May25

TRUE

Complete

004949751030797383

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

n/a

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 8 unpaid instalments as of review date. LTV 79% at origination
Fees and charges: €34 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 06May25

FALSE

Complete

004949821030611154

BANCO SANTANDER

INDIVIDUAL

Yes

Marital Split

Yes

n/a

Yes

Grade Comment: Mortgage loan for €153,900 originated by Santander in Feb07 over 30 years, for the purchase of the first residency of the borrower, valued in €245,525 (87% LTV). Approved by mortgage unit on 24Jan07. Covid-19 moratorium granted, extending the maturity of the mortgage until May37. Account 46 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 19May25, and multiple communications by phone, email and SMS.
Forbearance: Covid-19 moratorium granted, extending the maturity of the mortgage until Feb38.
Litigation & External DCAs: Collections outsourced to external DCAs.

FALSE

Complete

004950101030726995

BANCO DE VASCONIA

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 7 unpaid instalments as of review date. LTV 70%.
Prudent Lending: Borrower will be 88 years old at maturity after the restructure, which does not comply with prudent lending criteria. Term of the loan after the restructure was 45 years, which is considered excessive.
Fees and charges: €49 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 27Feb25, continued by SMS and emails, latest 08May25.

TRUE

Complete

004950551030637636

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

No current arrears

Yes

Grade Comment: Second mortgage for €43,000 originated by Santander in Feb09 over 30 years (first mortgage also with Santander), collateralised by an apartment valued in €155,487. First mortgage was signed in 2005 for €70,000. Approved by mortgage unit on 30Dec08. Restructured in Feb17 as per the terms of CBP 6/2012, increasing the capital in €1,609.04 and extending the term until Feb49, with interest only for 5 years, approved by the mortgage unit on 20Feb17. Account performing as at the cut-off date. Some late payments registered. Evidence of statutory letters sent to debtor, the latest on 12May25, and communication by phone, email and SMS.
Restructure Deeds: Restructure deed from 2017 not found on file.
Forbearance: Restructured in Feb17 as per the terms of CBP 6/2012, increasing the capital in €1,609.04 and extending the term until Feb49, with interest only for 5 years.
Litigation & External DCAs: Collections outsourced to external DCAs.
Vulnerable Customers: Borrowers subject to the CBP.

TRUE

Complete

004950741030607338

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

Severe Illness

Yes

n/a

Yes

Grade Comment: 7 unpaid instalments as of review date. LTV 95%
Prudent Lending: LTV 95% and borrower will be 109 years old at loan maturity, which does not comply with prudent lending criteria
Fees and charges: €39 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 21May25

TRUE

Complete

004951771030616655

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

n/a

Unknown

Yes

n/a

Yes

Grade Comment: LTV 95%. Approval mentions AIG insurance for HLTV. DTI 27%. 8 unpaid instalments as of review date
UW Decisions: LTV 95%
Prudent Lending: LTV 95%
Fees and charges: €28 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 16May25

TRUE

Complete

004951781030649111

BANCO SANTANDER

INDIVIDUAL

Yes

Overindebtedness

Yes

n/a

Yes

Grade Comment: Restructure mortgage loan for €530,000 originated by Santander in Jan14 over 30 years, collateralised by 2 commercial assets, valued in €473,000 (112% LTV). Approved by mortgage unit on 09Jan14. Restructured in Feb23, extending the maturity of the loan until Oct44. Account 29 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 19May25, and multiple communication by phone, email and SMS. Debtor trying to sell one of the collaterals to reduce the debt.
Restructure Deeds: Restructure from 2023 not found on file.
UW Decisions: LTV at origination 112%, not compliant with uw criteria.
Prudent Lending: LTV at origination 112%, not compliant with prudent lending criteria.
Fees and charges: Late fees of €39 applied.
Litigation & External DCAs: Collections outsourced to external DCAs.

TRUE

Complete

004951811030644474

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: LTV 95% Valuation at origination €228,133.27 original loan amount €217,000. 8 unpaid instalments as of review date.
UW Decisions: LTV 95%
Prudent Lending: LTV 95%
Fees and charges: €28 fee applied to debtor for late payment.

TRUE

Complete

004951821030637166

BANCO SANTANDER

INDIVIDUAL

Yes

Low Income

Yes

n/a

Yes

n/a

Grade Comment: 1 unpaid instalment as of review date. Age at maturity would be 110 years for the borrower that provides income.
Valuation Report: No valuation available
Mortgage Deed: Original mortgage deed not available, only restructure deeds signed in 2021 and 2024
UW Decisions: Borrower will be 110 years old at loan maturity
Prudent Lending: Borrower will be 110 years old at loan maturity
Fees and charges: €22 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 12May25.

TRUE

Complete

004952631030694306

BANCO ESPAÑOL DE CREDITO

INDIVIDUAL

Yes

n/a

Yes

BKO

Yes

n/a

Yes

n/a

Grade Comment: Mortgage loan for €171,900 originated by Banesto in Dec07 over 40 years, for the purchase of the first residency of the borrower, valued in €191,046.08 (90% LTV). Approved by mortgage unit on 30Nov07. Account 151 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 08May25, and multiple communication attempts by phone and SMS, all unsuccessful. Borrower is in personal BKO proceedings since 2015, still ongoing.
Mortgage Deed: Mortgage deed not available on file.
Prudent Lending: LTV of 90% at origination does not comply with prudent lending criteria.
Fees and charges: Late fees of €30 applied.
Litigation & External DCAs: Collections outsourced to external DCAs.

TRUE

Complete

004952861030604183

BANCO ESPAÑOL DE CREDITO

INDIVIDUAL

Yes

n/a

Low Income

Yes

n/a

Yes

Grade Comment: 6 unpaid instalments as of review date. borrower is a musician with no regular income, LTV at origination was 107% to pay the full price of the house plus expenses.
UW Decisions: LTV 107%.
Prudent Lending: LTV 107% and borrower will be 108 years old at loan maturity, which does not meet prudent lending criteria. Term of the loan is 52 years, which is considered excessive.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 06May25.

TRUE

Complete

004953221030632526

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Mortgage loan for €303,000 originated by Santander in Dec06 over 40 years, for the purchase of the first residency of the borrower, valued in €313,000 (97% LTV), and with the guarantee of a family member and a pledge of a deposit account for the excess from 80% to 97% LTV. Approved by mortgage unit on 26Dec06. Covid-19 moratorium granted in Jun20 for 12 months, signed on private agreement. Account 65 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 19May25, and multiple communications by phone, email and SMS.
UW Decisions: LTV at origination 97%; however, the excess from 80% was covered by a pledge on a deposit account.
Fees and charges: Late fees of €28 applied.
Forbearance: Covid-19 moratorium granted in Jun20 for 12 months, signed on private agreement.
Litigation & External DCAs: Collections outsourced to external DCAs.

TRUE

Complete

004954831030642868

BANCO SANTANDER

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: No current arrears as of review date. LTV at origination 72%

FALSE

Complete

004957381030618897

BANCO SANTANDER

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Subrogation in a developer mortgage loan for €150,000 originated by Santander in Apr08 over 40 years, for the purchase of the first residency of the borrower, valued in €196,997.64 (76% LTV). Approved by mortgage unit on 29Mar08. Restructured in Dec11, increasing the capital to €145,000 with 3 years interest only, approved by the mortgage unit on 07Dec11. Account 142 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 14Apr25, and multiple communication attempts by phone, email and SMS, all unsuccessful.
Litigation & External DCAs: Collections outsourced to external DCAs.

FALSE

Complete

004957491030000016

BANCO SANTANDER

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 1 unpaid instalment as of review date. LTV 86.6% at origination
UW Decisions: LTV 86.6%
Prudent Lending: LTV 86.6%
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 13May25

TRUE

Complete

004957501030604080

BANCO SANTANDER

SME

Yes

Unknown

Yes

n/a

Yes

Grade Comment: 7 unpaid instalments as of review date. LTV 88% at origination
UW Decisions: LTV 88%
Prudent Lending: LTV 88%. Term of the loan after the restructure was 45 years, which is considered excessive.
Fees and charges: €24 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 11May25

TRUE

Complete

Loan ID

Originator

TYPE OF BORROWER

Loan Application

Credit Report

Customer DD

Valuation Report

Mortgage Deed

Restructure Deeds

UW Decisions

Prudent Lending

Reason for Arrears

Servicing Notes & Correspondence

Collections Notes

Fees and charges

Forbearance

Codigo Buenas Practicas

Litigation & External DCAs

Vulnerable Customers

Loan Agreement Consistency

Abusive Clauses

Debtors' Associations

Quadrin Grade

Comments

Exceptions

Status

004957691030000178

BANCO ESPAÑOL DE CREDITO

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Subrogation in a developer mortgage loan for €164,000 originated by Banesto in Mar10 over 40 years, for the purchase of the first residency of the borrower, valued in €205,017 (80% LTV). Approved by mortgage unit on 11Mar10. Restructured in Mar13, increasing the capital to €163,000, with 2 years interest only. Restructured again in Jan16, increasing the maturity of the loan until Mar53 with 1 year interest only, approved by the mortgage unit on 20Jan16. Covid-19 moratorium granted, extending the maturity of the mortgage 9 months, until Nov53. Account 90 DPDs as at the cut-off date. Evidence of statutory letters sent to debtor, the latest on 08May25, and multiple communications by phone, email and SMS.
Fees and charges: Late fees of €39 applied.
Forbearance: Covid-19 moratorium granted, extending the maturity of the mortgage 9 months.
Litigation & External DCAs: Collections outsourced to external DCAs.

FALSE

Complete

004957921030602960

BANCO DE ANDALUCIA

INDIVIDUAL

Yes

Severe Illness

Yes

n/a

Yes

Grade Comment: 9 unpaid instalments as of review date. LTV 135% at origination, valuation attached to mortgage deed for €184,391.63 loan amount €249,893.25
UW Decisions: LTV 135%
Prudent Lending: LTV 135%
Fees and charges: €39 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 11May25.

TRUE

Complete

004959091030604284

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: No arrears as of review date. LTV 95% at origination over 1 of the assets according to approval, another asset is charged at 100% LTV and a third asset at 66%LTV
Valuation Report: No valuation available
UW Decisions: LTV 95%
Prudent Lending: LTV 95%
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 07May25.

TRUE

Complete

004959431030633467

BANCO PASTOR

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: LTV 64%. 1 unpaid instalment as of review date
Fees and charges: €30 fee applied to debtor for late payment
Forbearance: COVID moratorium signed 13Nov20
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 17May25

FALSE

Complete

004960071030603725

BANCO ESPAÑOL DE CREDITO

INDIVIDUAL

Yes

n/a

Yes

Unknown

Yes

n/a

Yes

Grade Comment: LTV 70%. 4 unpaid instalments as of review date
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 15May25

FALSE

Complete

004960141030614904

POPULAR

INDIVIDUAL

Yes

Unemployed

Yes

Grade Comment: 5 unpaid instalments as of review date. Loan restructured in 2021 as per decree for borrowers identified as vulnerable.
Forbearance: Restructure signed as per decree, including 5 years interest only
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 21May25
Vulnerable Customers: CBP 6/2012 applied, borrowers identified as vulnerable family unit with 2 unemployed adults and 2 children, comply with conditions, signed restructure as per decree, including 5 years interest only.

FALSE

Complete

004960211030603718

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Subrogation of a Mortgage increasing loan amount up to 97% LTV using proceeds for debt consolidation cancelling personal loans. 5 years interest only at origination. DTI 30%. 1 guarantor.
UW Decisions: LTV 97%.
Prudent Lending: LTV 97% and borrower will be 99 years old on maturity after the restructure, which does not meet prudent lending criteria.
Forbearance: COVID Moratorium signed.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 19May25.

TRUE

Complete

004960211030605448

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

Unknown

Yes

n/a

Yes

Grade Comment: LTV 34%. Restructure loan at origination, used proceeds to cancel other debts. Borrower flagged as "dudoso refinanciado". 7 unpaid instalments as of review date
Fees and charges: €49 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 02May25

FALSE

Complete

004960951030607418

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

n/a

Unknown

Yes

n/a

Yes

Grade Comment: 1 unpaid instalment as of review date, latest payment obtained by Bizum after collection call dated 29Apr25
UW Decisions: LTV 82%
Prudent Lending: LTV 82%
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 09May25

TRUE

Complete

004961011030608312

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: 2nd lien mortgage, proceeds were used to cancel personal loan and credit card balance, no new valuation required, no arrears as of review date
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 05May25

FALSE

Complete

004962601030000251

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: LTV 110%, no further details in approval dated 30Dec13. Borrower's age plus loan term is 81 years, No arrears as of review date
UW Decisions: LTV 110%.
Prudent Lending: LTV 110%. Borrower will be 81 years old at loan maturity
Forbearance: COVID Moratorium signed 02Oct20
Litigation & External DCAs: SIREC shows old collection calls from external agency, latest 23Jan24.

TRUE

Complete

004967881030000055

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

BKO

Yes

n/a

Yes

Grade Comment: LTV 71%. 4 unpaid instalments as of review date. Borrower was involved in insolvency procedures, that have already concluded.
Fees and charges: €28 fee applied to debtor for late payment.
Forbearance: Covid moratorium signed in 2021.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 29Apr25.

FALSE

Complete

004970861030000958

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: LTV 24% at origination. No arrears as of review date. latest restructure dated 04Jun24 increased loan amount up to €495,000 in order to consolidate debts within this mortgage
Litigation & External DCAs: SIREC shows collection calls from external agency, latest 30Oct24

FALSE

Complete

004971591030001380

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: LTV 65% at origination. No arrears as of review date.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 04Jan25

FALSE

Complete

004972401030004857

BANCO SANTANDER

INDIVIDUAL

Yes

Low Income

Yes

Grade Comment: Restructured 31Oct23 including 5 years interest only. 5 unpaid instalments as of review date. Borrower claims that she is getting paid late and will pay arrears as soon as she gets paid.
Prudent Lending: LTV 90% considering purchase price, limited to 80% of valuation at origination. Additionally, borrower will be 92 years old at loan maturity after the restructure, which does not meet prudent lending criteria.
Forbearance: 5 years interest only included in 2023, as per the terms of RDL 6/2012 (CBP).
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 21May25.
Vulnerable Customers: Borrowers subject to the CBP.

TRUE

Complete

004972401030005218

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: LTV 51% at origination, loan purpose was debt consolidation of unpaid debts with mortgage guarantee, no arrears as of review date.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 08May25.

FALSE

Complete

004972481030000526

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Approved as 2nd lien mortgage instead of loan increase, proceeds used to refinance other debts from lender. no new valuation required, asset was valued at €412,000 aggregated LTV was 78% at origination
Fees and charges: €30 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 21May25

FALSE

Complete

004973821030001949

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

n/a

Grade Comment: LTV 75% at origination with 5 years interest only. Restructured in 2012, 2023 and 2025. No arrears as of review date
Mortgage Deed: Original mortgage deed not available
Restructure Deeds: 1 of the 3 restructure deed is available
Forbearance: 3 restructures, extending term and interest only
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 22May25

TRUE

Complete

004973821030001958

BANCO SANTANDER

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: 2nd lien mortgage, proceeds used to refinance personal loans and credit card balance, LTV aggregated was lower than 80%, latest restructure signed in 2025 increased loan amount by €5,918.50 to pay for new arrears, pending balance as of review date is €15,879
Forbearance: Restructured in 2023 and 2025
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 22May25

FALSE

Complete

004974001030000571

BANCO SANTANDER CENTRAL HISPANO

INDIVIDUAL

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: Subrogation of mortgage increasing amount to consolidate personal loans, LTV at origination was 71%. No arrears as of review date.
Prudent Lending: Term of the loan after the restructure is 51 years, which is considered excessive.
Forbearance: Restructured in 2016 (increase loan amount by €4,669.82) and 2021 (COVID moratorium).
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 08Apr25.

TRUE

Complete

004977541030001403

BANCO SANTANDER

INDIVIDUAL

Yes

n/a

Yes

Unknown

Yes

n/a

Yes

Grade Comment: Loan purpose was refinance unpaid debts, LTV 31% at origination
Valuation Report: No valuation available
Fees and charges: €49 fee applied to debtor for late payment
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 20May25

TRUE

Complete

004978681030000119

BANCO POPULAR ESPAÑOL

INDIVIDUAL

Yes

No current arrears

Yes

Grade Comment: 2nd lien mortgage, aggregated LTV <80%. Restructure in 2021 increased loan amount up to 51k. No arrears as of review date.
Prudent Lending: Borrower will be 94 years old at maturity after the restructures, which does not comply with prudent lending criteria.
Forbearance: Restructured in 2015 and 2021
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 05May25
Vulnerable Customers: Applied RDL 6/2012 borrowers considered vulnerable. loan term extended up to 40 years and included interest only for 5 years.

TRUE

Complete

004978681030000141

BANCO DE GALICIA

SME

Yes

No current arrears

Yes

n/a

Yes

Grade Comment: No arrears as of review date. 1st lien mortgage. LTV <80%.
Prudent Lending: Term of the loan after the restructure is 51 years, which is considered excessive.
Forbearance: Restructured in 2015 and COVID moratorium signed in 2021.
Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 03Apr25.

TRUE

Complete

Flamenco - Historical Collections Review

004900321030162717

Due	5/1/2024	6/1/2024	7/1/2024	8/1/2024	9/1/2024	10/1/2024	11/1/2024	12/1/2024	1/1/2025	2/1/2025	3/1/2025	4/1/2025		Total Due
Due	681.07	681.07	681.07	669.81	669.81	669.81	669.81	669.81	669.81	669.81	669.81	669.81		8,071.50
Paid	6/28/2024	7/5/2024	7/11/2024	8/22/2024	8/27/2024	9/27/2024	10/31/2024	12/31/2024	1/30/2025	2/7/2025	3/12/2025	3/25/2025	4/7/2025	Total Paid
Paid	500.00	1,155.62	154.00	436.84	595.29	300.00	300.00	200.00	300.00	1,085.00	300.00	300.00	500.00	6,126.75

004900521030001846

Due	5/17/2024	6/17/2024	7/17/2024	8/17/2024	9/17/2024	10/17/2024	11/17/2024	12/17/2024	1/17/2025	2/17/2025	3/17/2025	4/17/2025	Total Due
Due	751.42	751.42	751.42	751.42	751.42	751.42	1,173.53	1,173.53	1,173.53	1,173.53	1,173.53	1,173.53	11,549.70
Paid	5/27/2024	6/26/2024	8/23/2024	9/26/2024	10/28/2024	11/29/2024	1/24/2025	2/25/2025	3/4/2025	3/25/2025	4/25/2025		Total Paid
	751.42	779.42	900.00	686.84	779.42	230.00	615.00	1,215.00	250.00	954.37	1,202.27		8,363.74

004900541030238196

Due	7/30/2024	10/30/2024	1/30/2025	4/30/2025									Total Due
Due	22,644.17	22,445.41	22,246.66	22,047.90									89,384.14
Paid	5/22/2024	5/23/2024	7/31/2024	9/10/2024	9/16/2024	9/18/2024	10/31/2024	11/11/2024	11/14/2024	1/31/2025	3/10/2025	3/11/2025	Total Paid
Paid	20,000.00	1,644.68	335.32	12,000.00	6,000.00	4,603.73	5,356.27	1,950.00	15,238.70	741.30	14,477.50	7,280.53	89,628.03

004900591030109164

Due	5/31/2024	6/30/2024	7/31/2024	8/31/2024	9/30/2024	10/31/2024	11/30/2024	12/31/2024	1/31/2025	2/28/2025	3/31/2025	4/30/2025	Total Due
Due	498.10	498.10	498.10	498.10	498.10	498.10	498.10	498.10	498.10	498.10	440.83	440.83	5,862.66
Paid	5/31/2024	6/30/2024	7/31/2024	8/31/2024	9/30/2024	10/31/2024	11/30/2024	12/31/2024	1/31/2025	2/28/2025	3/31/2025	4/30/2025	Total Paid
Paid	498.1	498.10	498.10	498.10	498.10	498.10	498.10	498.10	498.10	498.10	440.83	440.83	5,862.66

004901221030180962

Due	5/1/2024	6/1/2024	7/1/2024	8/1/2024	9/1/2024	10/1/2024	11/1/2024	12/1/2024	1/1/2025	2/1/2025	3/1/2025	4/1/2025				Total Due
Due	495.86	495.86	495.86	495.86	495.86	495.86	495.86	495.86	495.86	495.86	413.47	437.64				5,809.71
Paid	5/14/2025	6/11/2024	7/12/2024	8/12/2024	9/11/2024	9/17/2024	9/25/2024	10/14/2024	11/12/2024	1/9/2025	2/6/2025	2/27/2025	3/21/2025	3/22/2025	4/11/2025	Total Paid
Paid	426.07	489.94	439.94	419.94	469.94	439.94	268.01	400.00	300.00	300.00	300.00	110.00	500.00	30.00	530.00	5,423.78

004901221030182652

Due	5/25/2024	6/25/2024	7/25/2024	8/25/2024	9/25/2024	10/25/2024	11/25/2024	12/25/2024	1/25/2025	3/1/2025	4/1/2025	Total Due
Due	565.52	565.52	565.52	565.52	565.52	565.52	565.52	565.52	565.52	678.62	1,016.25	6,784.55
Paid	5/2/2024	6/3/2024	7/1/2024	8/1/2024	8/27/2024	9/2/2024	9/26/2024	10/1/2024				Total Paid
Paid	565.52	565.52	565.52	565.52	8.18	557.34	8.26	557.26				3,393.12

004901421030107978

Due	1/31/2025	Total Due
Due	45,520.83	45,520.83
Paid	1/31/2025	Total Paid
Paid	45,520.83	45,520.83

004901421030108314

Due	5/29/2024	6/29/2024	7/29/2024	8/29/2024	9/29/2024	10/29/2024	11/29/2024	12/29/2024	1/29/2025	2/28/2025	3/29/2025	4/29/2025		Total Due
Due	611.10	611.10	611.10	611.10	611.10	611.10	611.10	529.22	529.22	529.22	529.22	529.22		6,923.80
Paid	5/27/2024	6/26/2024	7/24/2024	8/27/2024	9/30/2024	10/29/2024	12/31/2024	1/20/2025	1/24/2025	2/3/2025	2/24/2025	3/24/2025	4/30/2025	Total Paid
Paid	646.68	646.68	646.40	646.75	646.94	650.00	610.00	110.00	530.00	80.00	300.00	900.00	504.74	6,918.19

004901421030108319

Due	5/19/2024	6/19/2024	7/19/2024	8/19/2024	9/19/2024	10/19/2024	11/19/2024	12/19/2024	1/19/2025	2/19/2025	3/19/2025	4/19/2025	Total Due
Due	312.91	312.91	312.91	312.91	312.91	287.39	287.39	287.39	287.39	287.39	287.39	287.39	3,576.28
Paid	5/10/2024	5/30/2024	8/19/2024	9/17/2024	10/10/2024	12/2/2024	12/5/2024	1/20/2025	3/27/2025				Total Paid
Paid	24.27	347.20	350.00	70.00	350.00	360.00	30.00	310.00	230.00				2,071.47

004902481030092700

Due	5/2/2024	6/2/2024	7/2/2024	8/2/2024	9/2/2024	10/2/2024	11/2/2024	12/2/2024	1/2/2025	2/2/2025	3/2/2025	4/2/2025						Total Due
Due	4,290.85	4,290.85	4,290.85	4,249.19	4,249.19	4,249.19	4,249.19	4,249.19	4,249.19	4,249.19	4,249.19	4,249.19						51,115.26
Paid	5/7/2024	6/17/2024	7/15/2024	8/19/2024	9/2/2024	10/3/2024	10/4/2024	11/28/2024	12/26/2024	1/3/2025	1/22/2025	2/4/2025	2/25/2025	3/4/2025	3/19/2025	4/16/2025	4/17/2025	Total Paid
Paid	4,293.13	4,337.28	4,336.61	4,297.36	4,249.19	7.31	4,242.46	4,301.61	4,301.61	19.73	4,279.60	16.23	4,284.22	12.84	4,284.22	4,075.77	220.20	51,559.37

004904161030012703

Due	5/31/2024	6/30/2024	7/31/2024	8/31/2024	9/30/2024	10/31/2024	11/30/2024	12/31/2024	1/31/2025	2/28/2025	3/31/2025	4/30/2025	Total Due
Due	306.84	306.84	306.84	306.84	306.84	306.84	306.84	306.84	306.84	306.84	270.59	270.59	3,609.58
Paid	5/13/2024	5/24/2024	5/30/2024	7/30/2024	9/11/2024	9/27/2024	10/1/2024	11/30/2024	12/30/2024				Total Paid
Paid	0.87	50.00	217.44	500.00	138.74	589.41	6.24	400.00	208.00				2,110.70

004904561030061062

Due	5/25/2024	6/25/2024	7/25/2024	8/25/2024	9/25/2024	10/25/2024	11/25/2024	12/25/2024	1/25/2025	2/25/2025	3/25/2025	4/25/2025							Total Due
Due	874.91	874.91	874.91	874.91	874.91	874.91	874.91	874.91	874.91	874.91	780.85	780.85							10,310.80
Paid	5/6/2024	5/8/2024	6/6/2024	6/7/2024	6/13/2024	7/15/2024	8/13/2024	10/7/2024	10/16/2024	10/28/2024	11/12/2024	11/13/2024	12/23/2024	12/27/2024	2/7/2025	3/10/2025	4/11/2025	4/28/2025	Total Paid
Paid	480.00	400.00	80.00	900.00	22.00	990.94	800.86	1,000.00	934.96	65.04	190.00	655.89	567.34	32.66	900.00	700.00	600.00	550.00	9,869.69

004905401030034301

Due	5/24/2024	6/24/2024	7/24/2024	8/24/2024	9/24/2024	10/24/2024	11/24/2024	12/24/2024	1/24/2025	2/24/2025	3/24/2025	4/24/2025						Total Due
Due	1,422.73	1,422.73	1,422.73	1,422.73	1,422.73	1,422.73	1,422.73	1,422.73	1,422.73	1,422.73	1,353.04	1,353.04						16,933.38
Paid	5/8/2024	5/9/2024	5/31/2024	6/25/2024	7/4/2024	7/29/2024	8/1/2024	8/26/2024	9/2/2024	10/15/2024	10/16/2024	11/15/2024	11/18/2024	12/18/2024	12/19/2024	2/21/2025	3/3/2025	Total Paid
Paid	600.00	700.00	2,000.00	550.00	550.00	750.00	700.00	650.00	750.00	800.00	800.00	700.00	1,400.00	1,100.00	500.00	700.00	2,500.00	15,750.00

004905401030034571

Due	5/24/2024	6/24/2024	7/24/2024	8/24/2024	9/24/2024	10/24/2024	11/24/2024	12/24/2024	1/24/2025	2/24/2025	3/24/2025	4/24/2025	Total Due
Due	785.48	785.48	785.48	785.48	785.48	781.08	781.08	1,114.08	1,114.08	1,114.08	1,114.08	1,114.08	11,059.96
Paid	8/22/2024	8/27/2024	8/29/2024	8/30/2024	9/25/2024	10/25/2024	11/25/2024	12/26/2024	1/26/2025	3/25/2025	4/25/2025		Total Paid
Paid	2,648.52	1,570.96	1,570.96	82.91	786.00	786.00	782.00	1,120.00	599.76	1,115.00	1,115.00		12,177.11

004907921030079852

Due	5/17/2024	6/17/2024	7/17/2024	8/17/2024	9/17/2024	10/17/2024	11/17/2024	12/17/2024	1/17/2025	2/17/2025	3/17/2025	4/17/2025	Total Due
Due	621.32	623.70	625.50	624.92	624.05	622.93	618.31	605.09	596.78	588.05	581.56	579.12	7,311.33
Paid	5/2/2024	7/8/2024	8/21/2024	9/24/2024	10/25/2024	12/3/2024	1/10/2025	3/21/2025					Total Paid
Paid	1,200.00	1,000.00	1,000.00	1,000.00	1,000.00	1,000.00	1,076.65	800.00					8,076.65

004909751030000571

Due	5/30/2024	6/30/2024	7/30/2024	8/30/2024	9/30/2024	10/30/2024	11/30/2024	12/30/2024	1/30/2025	2/28/2025	3/30/2025																																					Total Due
Due	2,576.22	2,576.22	2,576.22	2,576.22	2,576.22	2,576.22	2,576.22	2,576.22	2,576.22	2,576.22	2,335.13																																					28,097.33
Paid	5/7/2024	5/14/2024	5/21/2024	5/28/2024	5/29/2024	6/7/2024	6/12/2024	6/18/2024	7/9/2024	7/10/2024	7/16/2024	8/6/2024	8/12/2024	8/13/2024	8/27/2024	8/30/2024	9/4/2024	9/17/2024	9/27/2024	10/8/2024	10/22/2024	10/29/2024	10/30/2024	10/31/2024	12/9/2024	12/10/2024	12/17/2024	12/24/2024	12/31/2024	1/7/2025	1/14/2025	1/21/2025	1/24/2025	1/31/2025	2/5/2025	2/11/2025	2/18/2025	2/25/2025	3/6/2025	3/11/2025	3/19/2025	3/25/2025	3/27/2025	3/28/2025	4/8/2025	4/14/2025	4/15/2025	Total Paid
Paid	1,774.93	200.00	350.00	200.00	93.65	2,094.61	269.20	253.35	2,167.07	300.00	149.56	66.89	1,000.00	500.00	300.00	800.00	457.53	278.39	1,837.06	1,838.63	268.55	200.00	312.00	2,576.22	1,919.00	250.00	250.00	198.21	101.75	1,537.55	250.00	250.00	479.53	250.47	1,633.09	295.90	319.14	118.99	1,711.79	200.00	200.00	300.00	200.00	6.27	2,224.01	138.18	13.24	31,134.76

004909781030005678

Due	5/15/2024	6/15/2024	7/15/2024	8/15/2024	9/15/2024	10/15/2024	11/15/2024	12/15/2024	1/15/2025	2/15/2025	3/15/2025	4/15/2025		Total Due
Due	684.07	684.07	684.07	368.51	368.51	368.51	368.51	368.51	368.51	596.51	589.59	589.59		6,038.96
Paid	5/15/2024	6/18/2024	6/20/2024	7/15/2024	8/15/2024	9/15/2024	10/15/2024	11/15/2024	12/15/2024	1/15/2025	2/15/2025	3/15/2025	4/15/2025	Total Paid
Paid	684.07	168.41	515.77	684.07	368.51	368.51	368.51	368.51	368.51	368.51	596.51	589.59	589.59	6,039.07

004910661030000201

Due	5/4/2024	6/4/2024	7/4/2024	8/4/2024	9/4/2024	10/4/2024	11/4/2024	12/4/2024	1/4/2025	2/4/2025	3/4/2025	4/4/2025	Total Due
Due	645.59	645.59	645.59	645.59	645.59	645.59	645.59	645.59	645.59	645.59	645.59	645.59	7,747.08
Paid	5/27/2024	5/31/2024	6/28/2024	7/12/2024	8/6/2024	8/30/2024	9/30/2024	10/31/2024	12/1/2024				Total Paid
Paid	600.89	84.31	685.17	684.77	13.98	671.22	685.23	685.26	685.26				4,796.09

004910661030003819

Due	5/9/2024	6/9/2024	7/9/2024	8/9/2024	9/9/2024	10/9/2024	11/9/2024	12/9/2024	1/9/2025	2/9/2025	3/9/2025	4/9/2025	Total Due
Due	195.94	195.94	195.94	195.94	195.94	195.94	195.94	195.94	195.94	195.94	195.94	195.94	2,351.28
Paid	5/10/2024	7/6/2024	7/12/2024	10/31/2024									Total Paid
Paid	195.94	245.18	195.96	345.00									982.08

004911561030024829

Due	5/30/2024	6/30/2024	7/30/2024	8/30/2024	9/30/2024	10/30/2024	11/30/2024	12/30/2024	1/30/2025	2/28/2025	3/30/2025	4/30/2025				Total Due
Due	3,802.69	3,802.69	3,802.69	3,802.69	3,802.69	3,802.69	3,802.69	3,526.41	3,612.36	3,612.36	3,612.36	3,612.36				44,594.68
Paid	5/30/2024	7/2/2024	7/4/2024	9/30/2024	10/29/2024	11/11/2024	11/12/2024	12/4/2024	12/12/2024	12/17/2024	12/30/2024	1/30/2025	2/28/2025	3/30/2025	4/30/2025	Total Paid
Paid	3,802.69	293.83	17.18	3,800.00	3,800.00	100.00	3,800.00	4,000.00	4,000.00	3,431.44	3,526.41	3,612.36	3,612.36	3,612.36	3,612.36	45,020.99

Flamenco - Rate Reset Review

Loan ID

ORIGINATION DATE
[Enriched 07/05/2025]

ORIGINAL AMOUNT (€)
[Enriched 07/05/2025]

CURRENT GRACE PERIOD (Y/N)
[as of 30/04/2025]

TYPE OF GRACE PERIOD

GRACE PERIOD END DATE
[Enriched 14/04/2025]

TYPE OF INTEREST

CHECK TAPE

VARIABLE IN ITS FIRST FIXED PERIOD (Y/N)

DATE OF INTEREST RATE TYPE CHANGE

CURRENT INTEREST INDEX REFERENCE

CURRENT INTEREST INDEX CAPTURE DATE

CURRENT INTEREST INDEX LAST RESET DATE

CURRENT INTEREST INDEX NEXT RESET DATE

CURRENT INDEX REFERENCE RATE (%)

CURRENT SPREAD RATE (%)

END DATE OF CURRENT SPREAD

INTEREST INDEX REFERENCE AFTER SPREAD CHANGE / TYPE CHANGE / INDEX CHANGE PERIOD

NEXT SPREAD RATE (%)

FIXED INTEREST RATE (%)

SPREAD CURRENTLY APPLYING (Y/N)

ROUNDING TYPE

INTEREST RATE CAP (%)

INTEREST RATE FLOOR (%)

INTEREST RATE APPLIED PRE-BONUS (%)

CURRENT INTEREST RATE BONUS (%)

INCREASES / DECREASES CURRENT INTEREST RATE

FINAL INTEREST RATE APPLIED POST-BONUS (%)

Interest Correctly Reset?

004900321030162717

6/29/2007

148,000.00

N/A

Variable

N/A

EUR 12M

7/1/2024

6/30/2025

3.680%

1.700%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

5.380%

0.000%

N/A

5.380%

004900521030001846

4/17/2008

290,000.00

N/A

Variable

N/A

EUR 12M

2/29/2024

4/17/2024

4/16/2025

3.609%

0.750%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

4.359%

0.000%

N/A

4.359%

004900541030238196

3/31/2020

837,000.00

N/A

Variable

N/A

EUR 12M

2/29/2024

4/30/2024

4/29/2025

3.609%

2.850%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

6.459%

0.000%

N/A

6.459%

004900591030109164

2/27/2023

59,500.00

N/A

Variable

N/A

EUR 12M

12/31/2024

2/28/2025

2/27/2026

2.506%

5.000%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

7.506%

0.000%

N/A

7.506%

004901221030180962

2/18/2004

65,100.00

N/A

Variable

N/A

EUR 12M

12/31/2024

2/2/2025

2/1/2026

2.506%

2.400%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

4.906%

0.000%

N/A

4.906%

004901221030182652

11/6/2006

152,000.00

PRINCIPAL

3/1/2025

Variable

N/A

EUR 12M

1/31/2024

3/1/2024

2/28/2025

3.679%

0.250%

3/1/2025

EUR 12M

1.800%

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

3.929%

0.000%

N/A

3.929%

004901421030107978

7/17/2015

500,000.00

N/A

Variable

N/A

EUR 12M

1/2/2025

1/4/2025

1/3/2026

2.506%

2.750%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

5.256%

0.000%

N/A

5.256%

004901421030108314

11/29/2013

123,612.30

N/A

Variable

N/A

EUR 12M

11/14/2024

11/29/2024

11/28/2025

2.691%

0.250%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

2.941%

0.000%

N/A

2.941%

004901421030108319

3/8/2006

63,000.00

N/A

Variable

N/A

EUR 12M

9/17/2024

9/19/2024

9/18/2025

3.166%

0.250%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

3.416%

0.000%

N/A

3.416%

004902481030092700

7/4/2016

690,000.00

N/A

Variable

N/A

EUR 12M

6/28/2024

7/2/2024

7/1/2025

3.680%

1.750%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

5.430%

0.000%

N/A

5.430%

004904161030012703

2/6/2013

38,000.00

N/A

Variable

N/A

EUR 12M

12/31/2024

2/28/2025

2/27/2026

2.506%

6.500%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

9.006%

0.000%

N/A

9.006%

004904561030061062

2/25/2016

187,500.00

N/A

Variable

N/A

EUR 12M

2/21/2025

2/25/2025

2/24/2026

2.525%

1.500%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

4.025%

0.000%

N/A

4.025%

004905401030034301

2/24/2005

210,000.00

N/A

Variable

N/A

EUR 12M

12/31/2024

2/24/2025

2/23/2026

2.506%

2.000%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

4.506%

0.000%

N/A

4.506%

004905401030034571

12/24/2009

195,000.00

N/A

Variable

N/A

EUR 12M

7/31/2024

9/24/2024

9/23/2025

3.650%

1.500%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

5.150%

0.000%

N/A

5.150%

004907921030079852

12/17/2007

181,325.96

N/A

Variable

N/A

EUR 12M

1/1/2025

2/17/2025

3/16/2025

2.506%

0.600%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

3.106%

0.000%

N/A

3.106%

004909751030000571

6/30/2016

519,498.00

N/A

Variable

N/A

EUR 12M

2/7/2025

2/28/2025

2/27/2026

2.525%

1.250%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

3.775%

0.000%

N/A

3.775%

004909781030005678

2/15/2007

156,000.00

N/A

Variable

N/A

EUR 12M

12/31/2024

2/15/2025

2/14/2026

2.506%

0.750%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

15.000%

0.000%

3.256%

0.000%

N/A

3.256%

004910661030000201

4/22/2016

147,153.86

N/A

Variable

N/A

EUR 12M

4/2/2024

4/4/2024

4/3/2025

3.718%

1.250%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

4.968%

0.000%

N/A

4.968%

004910661030003819

4/9/2024

36,500.00

N/A

Variable

N/A

4/8/2025

N/A

EUR 12M

N/A

3.500%

5.000%

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

5.000%

0.000%

N/A

5.000%

004911561030024829

3/31/2017

450,000.00

N/A

Variable

N/A

EUR 12M

10/31/2024

12/4/2024

12/3/2025

2.936%

2.750%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

2.750%

5.686%

0.000%

N/A

5.686%

004911561030025252

8/17/2022

48,600.00

N/A

Mixed (Fixed Period - from fixed to variable)

N/A

2/29/2032

N/A

EUR 12M

N/A

2.600%

4.550%

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

4.550%

0.900%

DECREASES

3.650%

004913091030001847

7/27/2004

118,660.00

N/A

Variable

N/A

EUR 12M

6/21/2024

6/25/2024

6/24/2025

3.680%

2.000%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

5.680%

0.000%

N/A

5.680%

004913741030000849

2/2/2009

292,000.00

N/A

Variable

N/A

EUR 12M

12/31/2024

2/28/2025

2/27/2026

2.506%

1.500%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

4.006%

0.000%

N/A

4.006%

004913821030000454

3/13/2007

180,000.00

PRINCIPAL

5/19/2025

Variable

N/A

EUR 12M

2/15/2025

2/19/2025

2/18/2026

2.525%

1.250%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

3.775%

0.000%

N/A

3.775%

Loan ID

ORIGINATION DATE
[Enriched 07/05/2025]

ORIGINAL AMOUNT (€)
[Enriched 07/05/2025]

CURRENT GRACE PERIOD (Y/N)
[as of 30/04/2025]

TYPE OF GRACE PERIOD

GRACE PERIOD END DATE
[Enriched 14/04/2025]

TYPE OF INTEREST

CHECK TAPE

VARIABLE IN ITS FIRST FIXED PERIOD (Y/N)

DATE OF INTEREST RATE TYPE CHANGE

CURRENT INTEREST INDEX REFERENCE

CURRENT INTEREST INDEX CAPTURE DATE

CURRENT INTEREST INDEX LAST RESET DATE

CURRENT INTEREST INDEX NEXT RESET DATE

CURRENT INDEX REFERENCE RATE (%)

CURRENT SPREAD RATE (%)

END DATE OF CURRENT SPREAD

INTEREST INDEX REFERENCE AFTER SPREAD CHANGE / TYPE CHANGE / INDEX CHANGE PERIOD

NEXT SPREAD RATE (%)

FIXED INTEREST RATE (%)

SPREAD CURRENTLY APPLYING (Y/N)

ROUNDING TYPE

INTEREST RATE CAP (%)

INTEREST RATE FLOOR (%)

INTEREST RATE APPLIED PRE-BONUS (%)

CURRENT INTEREST RATE BONUS (%)

INCREASES / DECREASES CURRENT INTEREST RATE

FINAL INTEREST RATE APPLIED POST-BONUS (%)

Interest Correctly Reset?

004913911330000157

3/26/2020

340,000.00

N/A

Variable

N/A

EUR 12M

8/31/2024

10/31/2024

10/30/2025

3.526%

3.250%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

6.776%

0.000%

N/A

6.776%

004914401030002353

2/9/2007

74,000.00

N/A

Variable

N/A

EUR 12M

10/31/2024

12/9/2024

12/8/2025

2.936%

1.000%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

3.936%

0.000%

N/A

3.936%

004915201030001375

2/26/2010

129,000.00

N/A

Variable

N/A

EUR 12M

12/31/2024

2/26/2025

2/25/2026

2.506%

2.500%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

5.006%

0.000%

N/A

5.006%

004915221030000340

2/24/2020

41,000.00

N/A

Variable

N/A

EUR 12M

12/31/2024

2/28/2025

2/27/2026

2.506%

3.900%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

6.406%

0.000%

N/A

6.406%

004915871030064910

1/16/2009

160,000.00

PRINCIPAL

5/16/2025

Variable

N/A

1/15/2026

N/A

EUR 12M

N/A

2.000%

5.000%

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

5.000%

0.000%

N/A

5.000%

004917371030006268

11/6/2015

395,000.00

N/A

Variable

N/A

EUR 12M

9/30/2024

11/30/2024

11/29/2025

3.166%

1.250%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

4.416%

0.000%

N/A

4.416%

004917401030004293

12/15/2006

196,300.22

N/A

Variable

N/A

EUR 12M

1/1/2025

12/31/2025

2.506%

1.200%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

3.706%

0.000%

N/A

3.706%

004917751030000501

5/17/2007

205,000.00

PRINCIPAL

1/26/2028

Variable

N/A

EUR 12M

12/31/2024

2/26/2025

2/25/2026

2.406%

0.000%

2/26/2028

EUR 12M

0.950%

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

2.406%

0.000%

N/A

2.406%

004923181030548379

7/31/2017

63,578.92

N/A

Variable

N/A

EUR 12M

3/31/2024

5/4/2024

5/3/2025

3.671%

4.000%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

7.671%

0.000%

N/A

7.671%

004923401030502586

6/25/2007

255,000.00

N/A

Variable

N/A

EUR 12M

4/30/2024

6/25/2024

6/24/2025

3.718%

0.850%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

4.568%

0.000%

N/A

4.568%

004924561030476480

1/9/2018

60,000.00

N/A

Variable

N/A

EUR 12M

11/30/2024

1/31/2025

1/30/2026

2.691%

1.700%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

4.391%

1.200%

INCREASES

5.591%

004924671030484054

6/28/2007

64,000.00

N/A

Variable

N/A

EUR 12M

8/31/2024

9/30/2024

9/29/2025

3.526%

1.250%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

4.776%

0.400%

DECREASES

4.376%

004924961030485060

8/28/2007

345,000.00

PRINCIPAL

8/28/2025

Variable

N/A

8/27/2025

N/A

EUR 12M

N/A

1.500%

5.180%

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

5.180%

0.000%

N/A

5.180%

004925321030000415

1/21/2011

1,258,698.00

N/A

Variable

N/A

EUR 12M

3/31/2024

4/30/2024

4/29/2025

3.669%

3.000%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

6.669%

0.000%

N/A

6.669%

004926601030458050

3/31/2006

222,000.00

N/A

Variable

N/A

EUR 12M

1/31/2024

3/31/2024

3/30/2025

3.679%

0.750%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

15.000%

0.000%

4.429%

0.000%

N/A

4.429%

004927291030445237

8/7/2007

250,000.00

N/A

Variable

N/A

EUR 12M

5/1/2024

4/30/2025

3.718%

1.450%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

5.168%

0.000%

N/A

5.168%

004929771030413961

2/24/2023

82,000.00

N/A

Variable

N/A

EUR 12M

12/31/2024

2/28/2025

2/27/2026

2.506%

4.000%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

6.506%

0.000%

N/A

6.506%

004930111830427276

2/9/2012

564,000.00

N/A

Variable

N/A

EUR 12M

1/7/2025

1/9/2025

1/8/2026

2.438%

0.500%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

2.938%

0.000%

N/A

2.938%

004930351030000861

9/3/2007

630,000.00

N/A

Variable

N/A

EUR 12M

1/31/2025

2/4/2025

2/3/2026

2.525%

1.000%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

3.525%

0.200%

DECREASES

3.325%

004932241030403991

4/19/2006

215,000.00

PRINCIPAL

4/19/2026

Variable

N/A

EUR 12M

2/29/2024

4/19/2024

4/18/2025

3.609%

0.250%

4/19/2026

EUR 12M

0.750%

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

3.859%

0.000%

N/A

3.859%

004933101030000146

3/17/2006

123,000.00

N/A

Variable

N/A

EUR 12M

12/31/2024

2/18/2025

2/17/2026

2.506%

0.250%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

2.756%

0.000%

N/A

2.756%

004933761030001150

6/29/2006

125,350.00

#N/A

TOTAL

#N/A

3/29/2025

Variable

#N/A

N/A

EUR 12M

7/31/2024

11/26/2024

3/28/2025

3.650%

0.250%

3/29/2025

EUR 12M

#N/A

2.500%

N/A

NOT ROUNDED - 0.000%

UNCAPPED

#N/A

0.000%

#N/A

3.900%

0.000%

#N/A

N/A

#N/A

3.900%

004938411030469741

5/18/2007

234,000.00

N/A

Variable

N/A

EUR 12M

12/31/2024

2/18/2025

2/17/2026

2.506%

1.000%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

3.506%

0.000%

N/A

3.506%

004939711030422729

2/16/2007

211,000.00

PRINCIPAL

9/1/2026

Variable

N/A

EUR 12M

7/31/2024

12/1/2024

8/31/2025

3.650%

0.250%

9/1/2026

EUR 12M

1.890%

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

3.900%

0.000%

N/A

3.900%

004942761030000780

9/21/2004

170,000.00

N/A

Variable

N/A

EUR 12M

2/29/2024

4/16/2024

4/15/2025

3.609%

2.500%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

30.000%

0.000%

6.109%

0.000%

N/A

6.109%

004943621030000007

2/20/2006

100,777.00

N/A

Variable

N/A

EUR 12M

12/31/2024

2/20/2025

2/19/2026

2.506%

1.000%

N/A

EUR 12M

N/A

NOT ROUNDED - 0.000%

UNCAPPED

0.000%

3.506%

0.000%

N/A

3.506%