# EDGAR Filing Document

**Accession Number:** 0001674013
**File Stem:** 0000929638-26-001597
**Filing Date:** 2026-4
**Character Count:** 26822
**Document Hash:** 0e1fdc031ec38d775fa6ddbe5ffe7a2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-26-001597.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0000929638-26-001597

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260427

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Auto leases

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMW Canada Inc.
- **CENTRAL INDEX KEY:** 0001674013

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-02755
- **FILM NUMBER:** 26901855

**BUSINESS ADDRESS:**
- **STREET 1:** 50 ULTIMATE DRIVE
- **CITY:** RICHMOND CITY
- **STATE:** A6
- **ZIP:** L4S 0C8
- **BUSINESS PHONE:** 905-428-5400

**MAIL ADDRESS:**
- **STREET 1:** 50 ULTIMATE DRIVE
- **CITY:** RICHMOND CITY
- **STATE:** A6
- **ZIP:** L4S 0C8
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMW Canada Inc.
- **CENTRAL INDEX KEY:** 0001674013

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 50 ULTIMATE DRIVE
- **CITY:** RICHMOND CITY
- **STATE:** A6
- **ZIP:** L4S 0C8
- **BUSINESS PHONE:** 905-428-5400

**MAIL ADDRESS:**
- **STREET 1:** 50 ULTIMATE DRIVE
- **CITY:** RICHMOND CITY
- **STATE:** A6
- **ZIP:** L4S 0C8
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMW Canada Inc.
- **CENTRAL INDEX KEY:** 0001674013

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-02755

**BUSINESS ADDRESS:**
- **STREET 1:** 50 ULTIMATE DRIVE
- **CITY:** RICHMOND CITY
- **STATE:** A6
- **ZIP:** L4S 0C8
- **BUSINESS PHONE:** 905-428-5400

**MAIL ADDRESS:**
- **STREET 1:** 50 ULTIMATE DRIVE
- **CITY:** RICHMOND CITY
- **STATE:** A6
- **ZIP:** L4S 0C8

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

#### FORM ABS-15G

#### ASSET-BACKED SECURITIZER

#### REPORT PURSUANT TO SECTION 15G OF

#### THE SECURITIES EXCHANGE ACT OF 1934
Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

☐ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period

__________ to __________

Date of Report (Date of earliest event reported): __________

Commission File Number of securitizer: __________

Central Index Key Number of securitizer: __________

____________________________________________________________________________________________________________________________________________________________________________________

Name and telephone number, including area code, of the person to

contact in connection with this filing.

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

&nbsp;&nbsp;&nbsp;&nbsp;☒ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: 0001674013

BMW Canada Auto Trust

____________________________________________________________________________________________________________________________________________________________________________________

(Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable): 0001674108

Central Index Key Number of underwriter (if applicable): Not applicable.

Luke Overmeyer, Corporate Counsel, (201) 307-4300

____________________________________________________________________________________________________________________________________________________________________________________

Name and telephone number, including area code, of the person to

contact in connection with this filing.

------

Item 2.01. **Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer.**

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibit 99.1 to this Form ABS-15G.

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#### EXHIBIT INDEX
<u>Exhibit No.</u> <u>Description</u>

Exhibit 99.1 Independent Accountants' Agreed-Upon Procedures Report, dated April 27, 2026.

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 27, 2026

---

| | | |
|:---|:---|:---|
| BMW CANADA INC. | BMW CANADA INC. | BMW CANADA INC. |
|  | (Depositor) | (Depositor) |
| By:  | <u>/s/ Holger Spiegel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>  | <u>/s/ Holger Spiegel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>  |
|  | Name:  | Holger Spiegel |
|  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

#### Exhibit 99.1<br>

---

| | |
|:---|:---|
| ![](logo_kpmg.jpg) <br>|  |
|  | KPMG LLP<br> Bay Adelaide Centre<br> 333 Bay Street, Suite 4600<br> Toronto, ON M5H 2S5<br> Canada<br> Tel 416-777-8500<br> Fax 416-777-8818<br> www.kpmg.ca<br>|

---

#### Independent Accountants' Agreed-Upon Procedures Report
BMW Canada Inc. (the "Company")

TD Securities Inc.

TD Securities (USA) LLC

together, (the "Specified Parties")<br>

Re: BMW Canada Auto Trust, Series 2026-1 – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "February 2026 Preliminary Pool-cut_W_ALG.xlsx" provided by the Company on March 19, 2026, containing information on 15,000 automobile retail leases (the "Leases") as of February 28, 2026 (the "Data File")*,* which we were informed are intended to be included as collateral in the offering by BMW Canada Auto Trust, Series 2026-1 (the "Notes"). The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

&nbsp;&nbsp;&nbsp;&nbsp;• The term "compared" means compared to the information shown and found it to be in agreement, unless otherwise stated. Such compared information was deemed to be in agreement if differences were within the reporting threshold.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "recomputed" means recalculated and compared the result to the information shown and found it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the
 reporting threshold.

<br>© 2026 KPMG LLP, an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.<br>

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![](logo_kpmg.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;• The term "reporting threshold" means that dollar amounts were within CAD 1.00 and dates were within 1 day, unless otherwise stated.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Cutoff Date" means February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Permit Document" means the Vehicle Permit, Application for Vehicle Permit, Permit Request Form, Owner's Certificate of Insurance and Vehicle License, Vehicle Registration Certificate, Vehicle Insurance Confirmation, Vehicle
 Insurance Certificate, or Limited Power of Attorney.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Customer Express System" means the Company's system that contains account information such as: address, lease information, and payment information and history.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "International Funding System" means the Company's system containing financing agreements and contracts.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "CRIF System" means the Company's Credit Flow System containing customer information, credit decisions, and underwriting credit applications.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "ALG Residual Value" means the 2026 ALG Residual Amount contained in the Data File.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Data File Instructions" means the instructions provided by the Company pertaining to a procedure, attribute, methodology, or value related to the Data File, as described in Exhibit B.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Source Documents" means the following information for each Selected Lease (defined below) provided by the Company: Motor Vehicle Lease Contract; Permit Document; Credit Application; Lease Worksheet; Vehicle Insurance
 Confirmation; and information obtained from the Customer Express System, International Funding System, and CRIF System.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Provided Information" means the Cutoff Date, Data File Instructions, and Source Documents.

The procedures we were instructed by the Company to perform and the associated findings are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;A. We randomly selected a sample of 100 Leases from the Data File (the "Selected Leases") using a random sampling tool. A listing of the Selected Leases is attached hereto as Exhibit A. For purposes of this procedure, the Company did not
 inform us of the basis they used to determine the number of Leases we were instructed to randomly select from the Data File.

&nbsp;&nbsp;&nbsp;&nbsp;B. For each Selected Lease, we compared or recomputed the specified attributes in the Data File listed below to or using the corresponding information included in the Source Documents, utilizing the Data File Instructions, as applicable.
 The Company indicated that the absence of any of the information in the Source Documents or the inability to agree the indicated information from the Data File to the Source Documents for each of the attributes identified, utilizing the
 Data File Instructions as applicable, constituted an exception. The Source Documents are listed in the order of priority.

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![](logo_kpmg.jpg)

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| | |
|:---|:---|
| <u>Attribute (Field Name in the Data File)</u> | &nbsp;&nbsp; <u>Source Document(s)/Data File Instructions</u> |
| Lease Number (Account No) | &nbsp;&nbsp; Customer Express System |
| First Payment Date (First Pmt Dte) | &nbsp;&nbsp; Motor Vehicle Lease Contract |
| Adjusted Capitalized Cost Amount (Cap Cost Amt) | &nbsp;&nbsp; Motor Vehicle Lease Contract and Data File Instructions |
| Monthly Base Payment Amount (MthPmtAmt WithInsurance) | &nbsp;&nbsp; Motor Vehicle Lease Contract |
| Original Term to Maturity (Term) | &nbsp;&nbsp; Motor Vehicle Lease Contract |
| Maturity Date (Contract End Dte) | &nbsp;&nbsp; Motor Vehicle Lease Contract |
| Province/Territory of Registration (Province) | &nbsp;&nbsp; Permit Document and information obtained from the Customer Express System |
| Vehicle Identification Number (Vin) | &nbsp;&nbsp; Motor Vehicle Lease Contract |
| Vehicle Model Year (Model Year) | &nbsp;&nbsp; Motor Vehicle Lease Contract |
| Manufacturer's Suggested Retail Price (Msrp Amt) | &nbsp;&nbsp; Credit Application, Lease Worksheet, Motor Vehicle Lease Contract, and International Funding System |
| Credit Bureau Score (Max Bureau Score) | &nbsp;&nbsp; CRIF System and Data File Instructions |
| Remaining Term to Maturity (Rem Term) | &nbsp;&nbsp; Motor Vehicle Lease Contract and Data File Instructions |
| Days Past Due (Days Over) | &nbsp;&nbsp; Customer Express System and Data File Instructions |
| Base Residual Value (Investor RV) | &nbsp;&nbsp; Motor Vehicle Lease Contract and Data File Instructions |

---

We found such information to be in agreement without exception.

&nbsp;&nbsp;&nbsp;&nbsp;C. For each Selected Lease, we inspected the presence of the following in the Source Documents:

• Permit Document utilizing the Data File Instructions. We did not perform any procedures to determine if the Permit Document complied with the Company's guidelines for preparation and we make no representation regarding the validity or enforceability of the security interest.

<br> • Signed or initialed the Original Motor Vehicle Lease Agreement. We make no representation regarding the authenticity of the signatures or initials.

We found such information to be in agreement without exception.

------

![](logo_kpmg.jpg)

We were engaged by the Company to perform this agreed-upon procedures engagement. We conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Leases, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Leases to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such Leases being securitized, (iii) the compliance of the originator of the Leases with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Leases that would be material to the likelihood that the issuer of the Notes will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.<br>

/s/ KPMG LLP

Toronto, Ontario<br> April 27, 2026<br>

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![](logo_kpmg.jpg)

#### Exhibit A – The Selected Leases

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Selected Lease Number** | **Lease Number** | **Selected Lease Number** | **Lease Number** | **Selected Lease Number** | **Lease Number** |
| 1 | 2026177397 | 35 | 2026125262 | 69 | 2026132732 |
| 2 | 2026198286 | 36 | 2026100983 | 70 | 2026199460 |
| 3 | 2026169634 | 37 | 2026185496 | 71 | 2026114932 |
| 4 | 2026132407 | 38 | 2026125958 | 72 | 2026102772 |
| 5 | 2026119196 | 39 | 2026108832 | 73 | 2026145830 |
| 6 | 2026187494 | 40 | 2026179445 | 74 | 2026196124 |
| 7 | 2026134896 | 41 | 2026118511 | 75 | 2026127779 |
| 8 | 2026197814 | 42 | 2026181561 | 76 | 2026181969 |
| 9 | 2026197076 | 43 | 2026145871 | 77 | 2026175208 |
| 10 | 2026143677 | 44 | 2026188987 | 78 | 2026100828 |
| 11 | 2026102238 | 45 | 2026113398 | 79 | 2026166696 |
| 12 | 2026142045 | 46 | 2026137573 | 80 | 2026130746 |
| 13 | 2026193530 | 47 | 2026180080 | 81 | 2026128539 |
| 14 | 2026192022 | 48 | 2026180529 | 82 | 2026138573 |
| 15 | 2026186306 | 49 | 2026165100 | 83 | 2026181876 |
| 16 | 2026136400 | 50 | 2026192465 | 84 | 2026164955 |
| 17 | 2026183214 | 51 | 2026150115 | 85 | 2026102907 |
| 18 | 2026168480 | 52 | 2026134223 | 86 | 2026186951 |
| 19 | 2026112387 | 53 | 2026127863 | 87 | 2026134041 |
| 20 | 2026135922 | 54 | 2026186632 | 88 | 2026149696 |
| 21 | 2026139781 | 55 | 2026103463 | 89 | 2026181585 |
| 22 | 2026187036 | 56 | 2026170294 | 90 | 2026184119 |
| 23 | 2026117606 | 57 | 2026143808 | 91 | 2026199318 |
| 24 | 2026126732 | 58 | 2026132445 | 92 | 2026135946 |
| 25 | 2026169654 | 59 | 2026189679 | 93 | 2026124096 |
| 26 | 2026117372 | 60 | 2026125343 | 94 | 2026124904 |
| 27 | 2026190879 | 61 | 2026181512 | 95 | 2026103179 |
| 28 | 2026125807 | 62 | 2026198534 | 96 | 2026108164 |
| 29 | 2026142482 | 63 | 2026188173 | 97 | 2026128155 |
| 30 | 2026169663 | 64 | 2026194329 | 98 | 2026192943 |
| 31 | 2026124732 | 65 | 2026167534 | 99 | 2026179468 |
| 32 | 2026163044 | 66 | 2026110312 | 100 | 2026101301 |
| 33 | 2026183993 | 67 | 2026178487 |  |  |
| 34 | 2026166745 | 68 | 2026134531 |  |  |

---

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**Exhibit B - Data File Instructions**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Attribute** | &nbsp;&nbsp; **Data File Instructions** | &nbsp;&nbsp; **Data File Instructions** |
| &nbsp;&nbsp; Adjusted Capitalized Cost Amount (Cap Cost Amt) | &nbsp;&nbsp; Recompute the Adjusted Capital Cost Amount as the difference between: | &nbsp;&nbsp; Recompute the Adjusted Capital Cost Amount as the difference between: |
| &nbsp;&nbsp; Adjusted Capitalized Cost Amount (Cap Cost Amt) |  |  |
| &nbsp;&nbsp; Adjusted Capitalized Cost Amount (Cap Cost Amt)<br> (i) | &nbsp;&nbsp; the Total Price from the Motor Vehicle Lease Contract; | &nbsp;&nbsp; the Total Price from the Motor Vehicle Lease Contract; |
| &nbsp;&nbsp; Adjusted Capitalized Cost Amount (Cap Cost Amt)<br> (ii) | &nbsp;&nbsp; the sum of: | &nbsp;&nbsp; the sum of: |
| &nbsp;&nbsp; Adjusted Capitalized Cost Amount (Cap Cost Amt) | a. | &nbsp;&nbsp; the Cash Down Payment from the Motor Vehicle Lease Contract; and |
| &nbsp;&nbsp; Adjusted Capitalized Cost Amount (Cap Cost Amt) | b. | &nbsp;&nbsp; the Net Trade-In Allowance from the Motor Vehicle Lease Contract. |
| &nbsp;&nbsp; Adjusted Capitalized Cost Amount (Cap Cost Amt) |  |  |
| &nbsp;&nbsp; Credit Bureau Score (Max Bureau Score) | &nbsp;&nbsp; Recompute the Credit Bureau Score as the greater of: | &nbsp;&nbsp; Recompute the Credit Bureau Score as the greater of: |
| &nbsp;&nbsp; Credit Bureau Score (Max Bureau Score) |  |  |
| &nbsp;&nbsp; Credit Bureau Score (Max Bureau Score)<br> (i) | &nbsp;&nbsp; the Borrower's Bureau Score from the CRIF System; and | &nbsp;&nbsp; the Borrower's Bureau Score from the CRIF System; and |
| &nbsp;&nbsp; Credit Bureau Score (Max Bureau Score)<br> (ii) | &nbsp;&nbsp; the Co-Applicant Bureau Score form the CRIF System, if applicable. | &nbsp;&nbsp; the Co-Applicant Bureau Score form the CRIF System, if applicable. |
| &nbsp;&nbsp; Credit Bureau Score (Max Bureau Score) |  |  |
| &nbsp;&nbsp; Remaining Term to Maturity (Rem Term) | &nbsp;&nbsp; Recompute the Remaining Term to Maturity as of the Cutoff Date as the difference between: | &nbsp;&nbsp; Recompute the Remaining Term to Maturity as of the Cutoff Date as the difference between: |
| &nbsp;&nbsp; Remaining Term to Maturity (Rem Term) |  |  |
| &nbsp;&nbsp; Remaining Term to Maturity (Rem Term)<br> (i) | &nbsp;&nbsp; the Original Term to Maturity from the Motor Vehicle Lease Contract, and | &nbsp;&nbsp; the Original Term to Maturity from the Motor Vehicle Lease Contract, and |
| &nbsp;&nbsp; Remaining Term to Maturity (Rem Term)<br> (ii) | &nbsp;&nbsp; the sum of: | &nbsp;&nbsp; the sum of: |
| &nbsp;&nbsp; Remaining Term to Maturity (Rem Term) | a. | &nbsp;&nbsp; the number of months in the year of the Selected Lease's First Payment Date from the Motor Vehicle Lease Contract; and |
| &nbsp;&nbsp; Remaining Term to Maturity (Rem Term) | b. | &nbsp;&nbsp; the number of months in the period that follows the last day of the year of the Selected Lease's First Payment Date up to and including the Cutoff Date. |
| &nbsp;&nbsp; Remaining Term to Maturity (Rem Term) |  |  |
| &nbsp;&nbsp; Days Past Due (Days Over) | &nbsp;&nbsp; Recompute the Days Past Due as follows: | &nbsp;&nbsp; Recompute the Days Past Due as follows: |
| &nbsp;&nbsp; Days Past Due (Days Over) |  |  |
| &nbsp;&nbsp; Days Past Due (Days Over)<br> (i) | &nbsp;&nbsp; if the payment received date from the Customer Express System was prior to the Cutoff Date: | &nbsp;&nbsp; if the payment received date from the Customer Express System was prior to the Cutoff Date: |
| &nbsp;&nbsp; Days Past Due (Days Over) |  |  |
| &nbsp;&nbsp; Days Past Due (Days Over) | a. | &nbsp;&nbsp; if the payment due date from the Customer Express System was on or prior to the Cutoff Date, recompute the number of Days Past Due as the number of days between and including the Cutoff Date and the payment due date from the Customer Express System; and |
| &nbsp;&nbsp; Days Past Due (Days Over) |  |  |

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![](logo_kpmg.jpg)

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Attribute** | **Data File Instructions** | **Data File Instructions** | **Data File Instructions** |
| |  | b. | &nbsp;&nbsp; if the payment due date from the Customer Express System was after the Cutoff Date, assume the number of Days Past Due to be zero, as instructed by the Company. |
| | (ii) | &nbsp;&nbsp; if the payment received date from the Customer Express System was after the Cutoff Date: | &nbsp;&nbsp; if the payment received date from the Customer Express System was after the Cutoff Date: |
| |  | a. | &nbsp;&nbsp; if the payment due date from the Customer Express System was on or prior to the Cutoff Date, recompute the number of Days Past Due as the number of days between and including the Cutoff Date and the payment due date from the Customer Express System; and |
| |  | b. | &nbsp;&nbsp; if the payment due date from the Customer Express System was after the Cutoff Date, assume the number of Days Past Due to be zero, as instructed by the Company. |
| | (iii) | &nbsp;&nbsp; if the payment received date from the Customer Express System was equal to the Cutoff Date and the payment due date from the Customer Express System was on or after the Cutoff Date, assume the number of Days Past Due to be zero, as instructed by the Company. | &nbsp;&nbsp; if the payment received date from the Customer Express System was equal to the Cutoff Date and the payment due date from the Customer Express System was on or after the Cutoff Date, assume the number of Days Past Due to be zero, as instructed by the Company. |
| &nbsp;&nbsp; Base Residual Value (InvestorRV) | &nbsp;&nbsp;&nbsp; Recompute the Base Residual Value as the lesser of: | &nbsp;&nbsp;&nbsp; Recompute the Base Residual Value as the lesser of: | &nbsp;&nbsp;&nbsp; Recompute the Base Residual Value as the lesser of: |
| &nbsp;&nbsp; Base Residual Value (InvestorRV) | | | |
| &nbsp;&nbsp; Base Residual Value (InvestorRV) | &nbsp;&nbsp;&nbsp;&nbsp;(i) | &nbsp;&nbsp; the Estimated Residual Value from the Motor Vehicle Lease Contract; and | &nbsp;&nbsp; the Estimated Residual Value from the Motor Vehicle Lease Contract; and |
| &nbsp;&nbsp; Base Residual Value (InvestorRV) | &nbsp;&nbsp;&nbsp;&nbsp;(ii) | &nbsp;&nbsp; the ALG Residual Value. | &nbsp;&nbsp; the ALG Residual Value. |
| &nbsp;&nbsp; Base Residual Value (InvestorRV) | | | |
| &nbsp;&nbsp; Permit Document | &nbsp;&nbsp;&nbsp; Inspect the Permit Document for each Selected Lease listing the Company's security interest in the motor vehicle was listed as "BMW Canada Inc.", "BMW Financial Services Canada, A Division of BMW Canada Inc.", "BMW Group Financial Services Canada", "Services financiers BMW Canada", or "BMW Financial Services Canada"; and named as the owner or lessor of the vehicle on any of the observed Permit Document. | &nbsp;&nbsp;&nbsp; Inspect the Permit Document for each Selected Lease listing the Company's security interest in the motor vehicle was listed as "BMW Canada Inc.", "BMW Financial Services Canada, A Division of BMW Canada Inc.", "BMW Group Financial Services Canada", "Services financiers BMW Canada", or "BMW Financial Services Canada"; and named as the owner or lessor of the vehicle on any of the observed Permit Document. | &nbsp;&nbsp;&nbsp; Inspect the Permit Document for each Selected Lease listing the Company's security interest in the motor vehicle was listed as "BMW Canada Inc.", "BMW Financial Services Canada, A Division of BMW Canada Inc.", "BMW Group Financial Services Canada", "Services financiers BMW Canada", or "BMW Financial Services Canada"; and named as the owner or lessor of the vehicle on any of the observed Permit Document. |

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<br>