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Presale: Private Driver España 2020-1, Fondo de Titulización

As of the preliminary cut-off date, the collateral pool comprised 146,474 loans, with a total current principal balance of €1,500.000 million. The entire portfolio comprises loan receivables granted to Spanish individuals and small-commercial clients for the purchase of new and used vehicles. The transaction documents set out certain eligibility criteria for the loan receivables, some of which are highlighted below: The loans constitute legally valid, binding, and enforceable agreements. The borrowers are corporate entities with a registered office in Spain or, if they are individuals, have their place of residence in Spain. The loans were granted according to the regular market practice for the acquisition of motor vehicles, and have been serviced by the seller since origination.