# EDGAR Filing Document

**Accession Number:** 0000908777
**File Stem:** 0000947871-25-000888
**Filing Date:** 2025-10
**Character Count:** 258608
**Document Hash:** 48fe24a214ed0ead6898a0d491df1c99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000947871-25-000888.hdr.sgml**: 20251007

**ACCESSION NUMBER**: 0000947871-25-000888

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

**PUBLIC DOCUMENT COUNT**: 48

**CONFORMED PERIOD OF REPORT**: 20251007

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

**FILED AS OF DATE**: 20251007

**DATE AS OF CHANGE**: 20251007

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Residential mortgages - Other/Combined

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS INTERNATIONAL
- **CENTRAL INDEX KEY:** 0000908777

**ORGANIZATION NAME:**
- **EIN:** 521920124
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-06245
- **FILM NUMBER:** 251379215

**BUSINESS ADDRESS:**
- **STREET 1:** PLUMTREE COURT
- **STREET 2:** 25 SHOE LANE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC4A 4AU
- **BUSINESS PHONE:** 44 20 7774 1000

**MAIL ADDRESS:**
- **STREET 1:** PLUMTREE COURT
- **STREET 2:** 25 SHOE LANE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC4A 4AU

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS INTERNATIONAL LTD
- **DATE OF NAME CHANGE:** 19940315
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS INTERNATIONAL
- **CENTRAL INDEX KEY:** 0000908777

**ORGANIZATION NAME:**
- **EIN:** 521920124
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** PLUMTREE COURT
- **STREET 2:** 25 SHOE LANE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC4A 4AU
- **BUSINESS PHONE:** 44 20 7774 1000

**MAIL ADDRESS:**
- **STREET 1:** PLUMTREE COURT
- **STREET 2:** 25 SHOE LANE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC4A 4AU

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS INTERNATIONAL LTD
- **DATE OF NAME CHANGE:** 19940315
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS INTERNATIONAL
- **CENTRAL INDEX KEY:** 0000908777

**ORGANIZATION NAME:**
- **EIN:** 521920124
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-06245

**BUSINESS ADDRESS:**
- **STREET 1:** PLUMTREE COURT
- **STREET 2:** 25 SHOE LANE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC4A 4AU
- **BUSINESS PHONE:** 44 20 7774 1000

**MAIL ADDRESS:**
- **STREET 1:** PLUMTREE COURT
- **STREET 2:** 25 SHOE LANE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC4A 4AU

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS INTERNATIONAL LTD
- **DATE OF NAME CHANGE:** 19940315

**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 l 5Ga-l (c)(1) □

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule l 5Ga-l (c)(2)(i) □****<br> Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule l 5Ga-l (c)(2)(ii) □<br>

**☒** **Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)**

Central Index Key Number of sponsor: 0000908777

**Ronda RMBS 2025 Designated Activity Company**

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

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

Central Index Key Number of underwriter (if applicable): _________________

<u>Vanessa Resnick, +44 (0)207 774 1000</u>

Name and telephone number, including area code, of the person to contact in connection with this filing

**INFORMATION TO BE INCLUDED IN THE REPORT FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

**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. lSGa-2) are attached as Exhibits to this Form ABS-15G. Please see Exhibits 99.1 and 99.2 for the related information.

**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: October 7, 2025 | GOLDMAN SACHS INTERNATIONAL<br> (Securitizer) |
|  | By: /s/ Michael Price |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Michael Price |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Managing Director |

---

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit Number** |  |
| [99.1](ss5408436_ex9901.htm) | [Independent Accountant's Report on Applying Asset Agreed Upon Procedures, dated October 1, 2025, of Deloitte LLP](ss5408436_ex9901.htm) |
| [99.2](ss5408436_ex9902.htm) | [Lender Due Diligence Report, dated May 2025, of Quadrin Financial Services Limited](ss5408436_ex9902.htm) |

---

## Exhibit 99.1

---

| | |
|:---|:---|
| ![](image_045.jpg) | Deloitte LLP<br> 2 New Street Square<br> London<br> EC4A 3BZ |
|  | Phone: +44 (0)20 7936 3000 |
|  | Fax: +44 (0)20 7583 1198 |
|  | www.deloitte.co.uk |

---

 ****

Independent Accountant's Report on Applying Asset Agreed Upon Procedures

The Board of Directors of

**Ronda RMBS 2025 Designated Activity Company** 

3rd Floor Fleming Court

Fleming's Place

Dublin 4

D04 N4X9

(the "**Issuer**")

**Goldman Sachs International**

Plumtree Court

25 Shoe Lane

London

EC4A 4AU

(the "**Arranger**" and "**Lead Manager**")

and the other Managers (as defined in the Engagement Letter)

1 October 2025

Dear Sirs/Madams,

**PROPOSED ISSUE BY RONDA RMBS 2025 DESIGNATED ACTIVITY COMPANY OF RESIDENTIAL MORTGAGE-BACKED FLOATING RATE NOTES (the "Issue")**

We have performed the procedures enumerated below on certain residential mortgages (the "Loan Pool"), which were agreed to by the Issuer, the Arranger, the Lead Manager, the Managers and the other Managers (as defined in the Engagement Letter). The procedures were performed to assist you in evaluating the validity of certain characteristics of the Loan Pool. This agreed upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The appropriateness of these procedures is solely the responsibility of the Issuer, the Arranger, the Lead Manager and the Managers. Consequently, we make no representation regarding the appropriateness of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

This report (the "Asset Agreed Upon Procedures Report") is addressed to the Board of Directors of the Issuer, the Arranger, the Lead Manager and the Managers identified in the Engagement Letter who have agreed to participate in the proposed Issue.

These procedures were established with the Issuer and the appropriateness of the procedures is solely the responsibility of the Issuer, the Arranger, the Lead Manager and the Managers as discussed above. The Issuer shall be solely responsible for providing accurate and complete information requested by Deloitte necessary to perform the procedures. Deloitte has no responsibility for the accuracy or completeness of the information provided by or on behalf of the Issuer, even if Deloitte had reason to know or should have known of such inaccuracy or incompleteness.

The procedures that we performed and our findings are as follows:

![](image_045.jpg)

**1.** **Scope of our work and factual findings**

The procedures performed were as defined in Appendix 3 of the Engagement Letter (the "Agreed Upon Procedures").

The Issuer provided us with a data file 'Project Flamenco - Friendly Data Tape_NBO Update_20250430_vDELOITTE.xlsx' (the "First Pool Run") containing an account number for each of the 4,920 loans and 5,991 corresponding properties in the Loan Pool.

A random sample of 447 loans and 447 corresponding properties was selected from the First Pool Run using the sampling approach below (the "Sample").

The Issuer then provided the data files 'Project Flamenco - Friendly Data Tape - Phase II Update 28May_v03.xlsx', 'Project Flamenco - Friendly Data Tape - Performance [Phase II Update].xlsx', 'Project Flamenco - Friendly Data Tape - Payment Frequency.xlsx', 'Project Flamenco - Friendly Data Tape - Amortisation Type.xlsx' and 'Participantes_DNIs_Nombres.xlsx' containing information for each loan and corresponding property in the Sample (together, the "Sample Pool") as at 28 February 2025 (the "Cut-off Date").

In addition, the Issuer provided the data file 'Project Flamenco - Friendly Data Tape - Bank Appraisal Typology.xlsx' (the "Current Valuation Data File") as at 30 April 2025 (the "Current Valuation Cut-off Date").

We have carried out the Agreed Upon Procedures on the Sample Pool during the period 8 May to 4 June 2025.

**The sampling approach**

Sampling confidence is the probability that the actual errors, within a total population, are contained within the range of an estimate. Precision is the range of that estimate. The precision limit is the estimated maximum predicted number of errors within the total population. Sampling confidence and precision are stated in percentages.

Attribute sampling is a method of assessing the rate of occurrences of a specified attribute in a population and requires agreed upon procedures in relation to certain characteristics of a random sample of individual loans. In this case the Agreed Upon Procedures related to the documentation and procedures that support the Sample Pool contained in the First Pool Run.

Our method of calculating attribute sample sizes is based on the binomial probability distribution.

Statistical tests can only provide estimates of the error.

The procedures we have undertaken, set out in paragraphs 2.1 to 2.34 under the pool agreed upon procedures section below, has been limited to confirming that the selected attribute from the First Pool Run information relating to the Sample Pool agreed to the original loan documentation or copies thereof provided to us in the loan file. We are entitled to assume that the loan documentation is correct and we have not sought to independently verify this information. The loan documentation used in these Agreed upon Procedures was the deed and novated deed (together, the "deed"), the nota simple, the valuation report and the Seller's primary system of record, TPX (the "System").

**Objectives**

On the assumption that the information in the First Pool Run is a complete and accurate representation of the Loan Pool, the sample sizes chosen were designed with the objective of us being able to state that there is a 99% confidence that not more than 1% of the population of the First Pool Run contained an error in the relevant attribute. Where errors were found in the Sample Pool, we have re-calculated the percentage errors that there might be in the First Pool Run and noted the revised percentage below. It is for you to ensure you understand this basis of reporting and to determine whether the errors are acceptable to you and for the purposes of the Issue.

**2.** **Pool agreed upon procedures** 

<br> For each loan in the Sample Pool we carried out the following agreed upon procedures and have given a confidence and precision percentage for each procedure.

![](image_045.jpg)

For the purposes of this report, the failure of a single attribute is termed an error.

**Loan level testing**

2.1 Public Deed (no data field)

For each loan shown in the Sample Pool, we confirmed whether the mortgage file included either an executed deed or a nota simple listing the registered deed information in relation to the loan. We found that the mortgage file included an executed deed or a nota simple listing the registered deed information, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

2.2 Originator (field 'ORIGINATOR
[Enriched 28/05/2025]')

For each loan shown in the Sample Pool, we confirmed whether the originator shown on the Sample Pool agreed to that shown on the deed or nota simple. We found that the originator agreed to the deed or nota simple, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

2.3 Borrower Name(s) (field 'nompers')

For each loan shown in the Sample Pool, we confirmed whether the borrower name(s) shown on the Sample Pool agreed to that shown on the deed or nota simple or System. We found that the borrower name(s) agreed to the deed or nota simple or System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

2.4 Borrower Nationality (field 'NATIONALITY')

For each loan shown in the Sample Pool, we confirmed whether the borrower's nationality shown in the Sample Pool agreed with that shown on the deed or nota simple or System. We found that the borrower's nationality agreed to that shown on the deed or nota simple or System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

2.5 Loan Transmission (no data field)

For each loan shown in the Sample Pool, we confirmed there were no restrictions noted for loan transfer, as shown in the deed. We found that there were no restrictions noted for loan transfer, as shown in the deed, except for 5 cases.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Deloitte reference** | &nbsp;&nbsp;**Description of exception** |
| &nbsp;&nbsp;143 | &nbsp;&nbsp;Deed unavailable |
| &nbsp;&nbsp;324 | &nbsp;&nbsp;Deed unavailable |
| &nbsp;&nbsp;408 | &nbsp;&nbsp;Deed unavailable |
| &nbsp;&nbsp;443 | &nbsp;&nbsp;Deed unavailable |
| &nbsp;&nbsp;444 | &nbsp;&nbsp;Deed unavailable |

---

As a result of the procedure performed there is a 99% confidence that not more than 3% of the First Pool Run contained errors.

2.6 Current Grace Period (Y/N) (field
'CURRENT GRACE PERIOD (Y/N)')

![](image_045.jpg)

For each loan shown in the Sample Pool, we confirmed whether the current grace period (Y/N) shown in the Sample Pool agreed with that shown on the System. We found that the current grace period (Y/N) agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

2.7 Grace Period End Date (field 'GRACE
PERIOD END DATE [Enriched 14/04/2025]')

For each loan shown in the Sample Pool, we confirmed whether the grace period end date shown in the Sample Pool agreed with that shown on the System. We found that the grace period end date agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

2.8 Loan Origination Date (field 'ORIGINATION
DATE [Enriched 28/05/2025]')

For each loan shown in the Sample Pool, we confirmed whether the loan origination date shown in the Sample Pool agreed with that shown on the deed or nota simple or System, to within 60 days. We found that the loan origination date agreed to that shown on the deed or nota simple or System, to within 60 days, except for 1 case.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Deloitte reference** | &nbsp;&nbsp;**Description of exception** |
| &nbsp;&nbsp;338 | &nbsp;&nbsp;Sample Pool = 02/09/2006; deed, nota simple and System = 02/09/2005 |

---

As a result of the procedure performed there is a 99% confidence that not more than 2% of the First Pool Run contained errors.

2.9 Loan Maturity Date (field 'MATURITY
DATE')

For each loan shown in the Sample Pool, we confirmed whether the maturity date shown in the Sample Pool agreed with that shown on the System. We found that the maturity date agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.10 Original balance (€) (field
'ORIGINAL AMOUNT (€) [Enriched 28/05/2025]')

For each loan shown in the Sample Pool, we confirmed whether the original balance shown in the Sample Pool agreed with that shown on the deed or nota simple or System. We found that the original balance agreed to that shown on the deed or nota simple or System, except for 2 cases.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Deloitte reference** | &nbsp;&nbsp;**Description of exception** |
| &nbsp;&nbsp;39 | &nbsp;&nbsp;Sample Pool = €138,076; deed = €139,339, nota simple = €188,433.91, System = €139,339 |
| &nbsp;&nbsp;58 | &nbsp;&nbsp;Sample Pool = €8,532; deed, nota simple and System = €49,366.45 |

---

As a result of the procedure performed there is a 99% confidence that not more than 2% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11 Interest rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.1 Interest rate type (field 'TYPE OF
INTEREST')

For each loan shown in the Sample Pool, we confirmed whether the interest rate type shown in the Sample Pool agreed with that shown on the System. We found that the interest rate type agreed to that shown on the System, with no exception.

![](image_045.jpg)

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.2 Current interest rate (field 'FINAL
INTEREST RATE APPLIED POST-BONUS (%)')

For each loan shown in the Sample Pool, we confirmed whether the current interest rate shown in the Sample Pool agreed with that shown on the System. We found that the current interest rate agreed to that shown on the System, except for 1 case.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Deloitte reference** | &nbsp;&nbsp;**Description of exception** |
| &nbsp;&nbsp;344 | &nbsp;&nbsp;Sample Pool = 4.53%; System = 4.38% |

---

As a result of the procedure performed there is a 99% confidence that not more than 2% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.3 Current interest index reference
(field 'CURRENT INTEREST INDEX REFERENCE')

For each loan shown in the Sample Pool, we confirmed whether the current interest index reference shown in the Sample Pool agreed with that shown on the System. We found that the current interest index reference agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.4 Current index reference rate (field
'CURRENT INDEX REFERENCE RATE (%)')

For each loan shown in the Sample Pool, we confirmed whether the current index reference rate (%) shown in the Sample Pool agreed with that shown on the System. We found that the current index reference rate (%) agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.5 Current spread rate (field 'CURRENT
SPREAD RATE (%)')

For each loan shown in the Sample Pool, we confirmed whether the current spread rate (%) shown in the Sample Pool agreed with that shown on the System. We found that the current spread rate (%) agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.6 Current spread end date (field 'END
DATE OF CURRENT SPREAD')

For each loan shown in the Sample Pool, we confirmed whether the current spread end date shown in the Sample Pool agreed with that shown on the System. We found that the current spread end date agreed to that shown on the System, except for 1 case.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Deloitte reference** | &nbsp;&nbsp;**Description of exception** |
| &nbsp;&nbsp;192 | &nbsp;&nbsp;Sample Pool = 04/10/2026; System = no data |

---

As a result of the procedure performed there is a 99% confidence that not more than 2% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.7 Current interest index capture date
(field 'CURRENT INTEREST INDEX CAPTURE DATE')

For each loan shown in the Sample Pool, we confirmed whether the current interest index capture date shown in the Sample Pool agreed with that shown on the System. We found that the current interest index capture date agreed to that shown on the System, with no exception.

![](image_045.jpg)

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.8 Current interest index next reset
date (field 'CURRENT INTEREST INDEX NEXT RESET DATE')

For each loan shown in the Sample Pool, we confirmed whether the current interest index next reset date shown in the Sample Pool agreed with that shown on the System. We found that the current interest next reset date agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.9 Current interest bonus (%) (field
'CURRENT INTEREST RATE BONUS (%)')

For each loan shown in the Sample Pool, we confirmed whether the current interest bonus (%) shown in the Sample Pool agreed with that shown on the System. We found that the current interest bonus (%) agreed to that shown on the System, except for 1 case.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Deloitte reference** | &nbsp;&nbsp;**Description of exception** |
| &nbsp;&nbsp;344 | &nbsp;&nbsp;Sample Pool = 1%; System = 1.25% |

---

As a result of the procedure performed there is a 99% confidence that not more than 2% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.10 Current interest index last reset
date (field 'CURRENT INTEREST INDEX LAST RESET DATE')

For each loan shown in the Sample Pool, we confirmed whether the current interest index last reset date shown in the Sample Pool agreed with that shown on the System. We found that the current interest last reset date agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.11 Interest rate cap (%) (field 'INTEREST
RATE CAP (%)')

For each loan shown in the Sample Pool, we confirmed whether the interest rate cap (%) shown in the Sample Pool agreed with that shown on the System. We found that the interest rate cap (%) agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.12 Interest rate floor (%) (field 'INTEREST
RATE FLOOR (%)')

For each loan shown in the Sample Pool, we confirmed whether the interest rate floor (%) shown in the Sample Pool agreed with that shown on the System. We found that the interest rate floor (%) agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11.13 Interest rate type reversion date
(field 'DATE OF INTEREST RATE TYPE CHANGE')

For each loan shown in the Sample Pool, we confirmed whether the interest rate type reversion date shown in the Sample Pool agreed with that shown on the System. We found that the interest rate type reversion date agreed to that shown on the System, with no exception.

![](image_045.jpg)

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.12 Payment Frequency (field 'PAYMENT
FREQUENCY')

For each loan shown in the Sample Pool, we confirmed whether the payment frequency shown in the Sample Pool agreed with that shown on the System. We found that the payment frequency agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.13 Amortisation type (field 'AMORTISATION
TYPE')

For each loan shown in the Sample Pool, we confirmed whether the amortisation type shown in the Sample Pool agreed with that shown on the System. We found that the amortisation type agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.14 Principal Balance (not due) (€)
(field 'PRINCIPAL BALANCE [Not Due] (€)')

For each loan shown in the Sample Pool, we confirmed whether the principal balance (not due) shown in the Sample Pool agreed with that shown on the System. We found that the principal balance (not due) agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.15 Outstanding Balance (€) (field
'OUTSTANDING BALANCE (€)')

For each loan shown in the Sample Pool, we confirmed whether the outstanding balance shown in the Sample Pool agreed with that shown on the System. We found that the outstanding balance agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.16 Current Principal Balance (due) (field
'PRINCIPAL BALANCE [Due] (€)')

For each loan shown in the Sample Pool, we confirmed whether the current principal balance (due) shown in the Sample Pool agreed with that shown on the System. We found that the current principal balance (due) agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.17 Current instalment amount (€)
(field 'TOTAL (€)')

For each loan shown in the Sample Pool, we confirmed whether the current instalment amount shown in the Sample Pool agreed with that shown on the System. We found that the current instalment amount agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

![](image_045.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;2.18 Instalment interest amount (€)
(field 'INTEREST (€)')

For each loan shown in the Sample Pool, we confirmed whether the instalment interest amount shown in the Sample Pool agreed with that shown on the System. We found that the instalment interest amount agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.19 Instalment default interest amount
(€) (field 'DEFAULT INTEREST (€)')

For each loan shown in the Sample Pool, we confirmed whether the instalment default interest amount shown in the Sample Pool agreed with that shown on the System. We found that the instalment default interest amount agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.20 Other fees (€) (field 'OTHERS
(€)')

For each loan shown in the Sample Pool, we confirmed whether the other fees amount shown in the Sample Pool agreed with that shown on the System. We found that the other fees amount agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.21 Days past due (field 'DAYS
PAST DUE')

For each loan shown in the Sample Pool, we confirmed whether the number of days past due shown in the Sample Pool agreed with that shown on the System. We found that the number of days past due agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.22 Restructure flag (Y/N) (field 'RESTRUCTURED
(Y/N) [Enriched 28/05/2025]')

For each loan shown in the Sample Pool, we confirmed whether the restructure flag shown in the Sample Pool agreed with that shown on the deed, nota simple or System. We found that the restructure flag agreed to that shown on the deed, nota simple or System, except for 2 cases.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Deloitte reference** | &nbsp;&nbsp;**Description of exception** |
| &nbsp;&nbsp;238 | &nbsp;&nbsp;Sample Pool = N; deed and nota simple = not shown, System = Y |
| &nbsp;&nbsp;253 | &nbsp;&nbsp;Sample Pool = N; deed and nota simple = not shown, System = Y |

---

As a result of the procedure performed there is a 99% confidence that not more than 2% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.23 Last restructure date (field 'LAST
RESTRUCTURING DATE [Enriched 28/05/2025]')

For each loan shown in the Sample Pool, we confirmed whether the last restructure date shown in the Sample Pool agreed with that shown on the deed, nota simple or System. We found that the last restructure date agreed to that shown on the deed, nota simple or System, except for 2 cases.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Deloitte reference** | &nbsp;&nbsp;**Description of exception** |
| &nbsp;&nbsp;238 | &nbsp;&nbsp;Sample Pool = N/A; deed and nota simple = not shown, System = 22/04/2020 |
| &nbsp;&nbsp;253 | &nbsp;&nbsp;Sample Pool = N/A; deed and nota simple = not shown, System = 07/05/2020 |

---

![](image_045.jpg)

As a result of the procedure performed there is a 99% confidence that not more than 2% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.24 Currency (no data field)

For each loan shown in the Sample Pool, we confirmed whether the loan was denominated in Euro, as shown on the deed or nota simple. We found that the loan was denominated in Euro, as shown on the deed or nota simple, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25 Last 6 months collections amount
(no data field)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25.1 For each mortgage loan in the Sample
Pool, we confirmed whether the September 2024 collections amount shown in the Sample Pool agreed to that shown on the System. We found
that the September 2024 collections amount received agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25.2 For each mortgage loan in the Sample
Pool, we confirmed whether the October 2024 collections amount shown in the Sample Pool agreed to that shown on the System. We found that
the October 2024 collections amount received agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25.3 For each mortgage loan in the Sample
Pool, we confirmed whether the November 2024 collections amount shown in the Sample Pool agreed to that shown on the System. We found
that the November 2024 collections amount received agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25.4 For each mortgage loan in the Sample
Pool, we confirmed whether the December 2024 collections amount shown in the Sample Pool agreed to that shown on the System. We found
that the December 2024 collections amount received agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25.5 For each mortgage loan in the Sample
Pool, we confirmed whether the January 2025 collections amount shown in the Sample Pool agreed to that shown on the System. We found that
the January 2025 collections amount received agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25.6 For each mortgage loan in the Sample
Pool, we confirmed whether the February 2025 collections amount shown in the Sample Pool agreed to that shown on the System. We found
that the February 2025 collections amount received agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.26 Last 6 months collections date (no
data field)

![](image_045.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.26.1 For each mortgage loan in the Sample
Pool, we confirmed whether the September 2024 collections date shown in the Sample Pool agreed to that shown on the System. We found that
the September 2024 collections date agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.26.2 For each mortgage loan in the Sample
Pool, we confirmed whether the October 2024 collections date shown in the Sample Pool agreed to that shown on the System. We found that
the October 2024 collections date agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.26.3 For each mortgage loan in the Sample
Pool, we confirmed whether the November 2024 collections date shown in the Sample Pool agreed to that shown on the System. We found that
the November 2024 collections date agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.26.4 For each mortgage loan in the Sample
Pool, we confirmed whether the December 2024 collections date shown in the Sample Pool agreed to that shown on the System. We found that
the December 2024 collections date agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.26.5 For each mortgage loan in the Sample
Pool, we confirmed whether the January 2025 collections date shown in the Sample Pool agreed to that shown on the System. We found that
the January 2025 collections date agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.26.6 For each mortgage loan in the Sample
Pool, we confirmed whether the February 2025 collections date shown in the Sample Pool agreed to that shown on the System. We found that
the February 2025 collections date agreed to that shown on the System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

**Collateral level testing**

&nbsp;&nbsp;&nbsp;&nbsp;2.27 Original collateral valuation amount
(€) (field 'ORIGINAL COLLATERAL VALUATION (€) [Enriched 28/05/2025]')

For each property shown in the Sample Pool, we confirmed whether the original collateral valuation amount shown in the Sample Pool agreed with that shown on the deed or nota simple. We found that the original collateral amount agreed to that shown on the deed or nota simple, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.28 Bank appraisal amount (€) (field
'BANK APPRAISAL (€) [as of 30/04/2025]')

For each property shown in the Sample Pool, we confirmed whether the bank appraisal amount shown in the Current Valuation Data File agreed with that shown on the valuation report or the System as at the Current Valuation Cut-off Date. We found that the bank appraisal amount agreed to that shown on the valuation report or the System as at the Current Valuation Cut-off Date, except for 9 cases.

![](image_045.jpg)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Deloitte reference** | &nbsp;&nbsp;**Description of exception** |
| &nbsp;&nbsp;15 | &nbsp;&nbsp;Sample Pool = €108,633; valuation report = €113,162, System = €112,518 |
| &nbsp;&nbsp;16 | &nbsp;&nbsp;Sample Pool = €125,646.04; valuation report = not shown, System = €147,306.35 |
| &nbsp;&nbsp;22 | &nbsp;&nbsp;Sample Pool = €162,534.62; valuation report = not shown, System = €206,158.33 |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;Sample Pool = €206,105.60; valuation report = not shown, System = €266,700.71 |
| &nbsp;&nbsp;35 | &nbsp;&nbsp;Sample Pool = €110,946.39; valuation report = €113,035.08, System = €106,772.08 |
| &nbsp;&nbsp;91 | &nbsp;&nbsp;Sample Pool = €266,186.24; valuation report = €270,351.36, System = €290,583.04 |
| &nbsp;&nbsp;124 | &nbsp;&nbsp;Sample Pool = €59,105.94; valuation report = €59,901.03, System = €60,979.17 |
| &nbsp;&nbsp;147 | &nbsp;&nbsp;Sample Pool = €98,592.34; valuation report = €94,543.76, System = €118,495.06 |
| &nbsp;&nbsp;420 | &nbsp;&nbsp;Sample Pool = €98,413.14; valuation report = €95,511.20, System = €178,707.09 |

---

As a result of the procedure performed there is a 99% confidence that not more than 5% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.29 Bank appraisal date (field 'BANK
APPRAISAL DATE [as of 30/04/2025]')

For each property shown in the Sample Pool, we confirmed whether the bank appraisal date shown in the Current Valuation Data File agreed with that shown on the valuation report or the System as at the Current Valuation Cut-off Date. We found that the bank appraisal date agreed to that shown on the valuation report or the System as at the Current Valuation Cut-off Date, except for 9 cases.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Deloitte reference** | &nbsp;&nbsp;**Description of exception** |
| &nbsp;&nbsp;15 | &nbsp;&nbsp;Sample Pool = 20/05/2024; valuation report = 17/10/2023, System = 28/02/2025 |
| &nbsp;&nbsp;16 | &nbsp;&nbsp;Sample Pool = 20/05/2024; valuation report = not shown, System = 28/02/2025 |
| &nbsp;&nbsp;22 | &nbsp;&nbsp;Sample Pool = 20/05/2024; valuation report = not shown, System = 18/03/2025 |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;Sample Pool = 20/05/2024; valuation report = not shown, System = 26/02/2025 |
| &nbsp;&nbsp;35 | &nbsp;&nbsp;Sample Pool = 20/05/2024; valuation report = 19/10/2023, System = 27/02/2025 |
| &nbsp;&nbsp;91 | &nbsp;&nbsp;Sample Pool = 20/05/2024; valuation report = 18/10/2023, System = 24/02/2025 |
| &nbsp;&nbsp;124 | &nbsp;&nbsp;Sample Pool = 20/05/2024; valuation report = 20/10/2023, System = 27/02/2025 |
| &nbsp;&nbsp;147 | &nbsp;&nbsp;Sample Pool = 20/05/2024; valuation report = 30/05/2022, System = 26/02/2025 |
| &nbsp;&nbsp;420 | &nbsp;&nbsp;Sample Pool = 20/05/2024; valuation report = 20/06/2022, System = 26/02/2025 |

---

As a result of the procedure performed there is a 99% confidence that not more than 5% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.30 Bank appraisal type (field 'BANK
APPRAISAL TYPOLOGY [as of 30/04/2025]')

For each property shown in the Sample Pool, we confirmed whether the bank appraisal type shown in the Current Valuation Data File agreed with that shown on the System as at the Current Valuation Cut-off Date. We found that the bank appraisal type agreed to that shown on the System as at the Current Valuation Cut-off Date, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.31 Lien ranking (field 'REGISTRY LIEN
RANK [Enriched 28/05/2025]')

For each property shown in the Sample Pool, we confirmed whether the lien ranking shown in the Sample Pool agreed with that shown on the deed or nota simple. We found that the lien ranking agreed to that shown on the deed or nota simple, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

2.32 Collateral address (fields 'ADDRESS (ZIP CODE)' and 'CONCAT(TYPE OF STREET, STREET, NUMBER,
MUNICIPALITY)')

![](image_045.jpg)

For each property shown in the Sample Pool, we confirmed whether the street address or zip code shown in the Sample Pool agreed with that shown on the nota simple or valuation report or System. We found that the street address or zip code agreed to that shown on the nota simple or valuation report or System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.33 Plot ID (field 'PLOT ID NUMBER')

For each property shown in the Sample Pool, we confirmed whether the plot ID shown in the Sample Pool agreed with that shown on the nota simple or valuation report or System. We found that the plot ID agreed to that shown on the nota simple or valuation report or System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

&nbsp;&nbsp;&nbsp;&nbsp;2.34 Asset type (field 'ASSET TYPE')

For each property shown in the Sample Pool, we confirmed whether the asset type shown in the Sample Pool agreed with that shown on the nota simple or valuation report or System. We found that the asset type agreed to that shown on the nota simple or valuation report or System, with no exception.

As a result of the procedure performed there is a 99% confidence that not more than 1% of the First Pool Run contained errors.

**3.** **Scope of this Asset Agreed Upon Procedures Report**

The scope of our work in preparing this Asset Agreed Upon Procedures Report was limited solely to those procedures set out above. We were not engaged to and did not conduct an audit the objective of which would be the expression of an opinion on the matters subject to the procedures described above. Accordingly, we do not express any opinion or overall conclusion on the procedures we have performed. You are responsible for determining whether the scope of our work specified is sufficient for your purposes and we make no representation regarding the appropriateness of these procedures for your purposes. If we were to perform additional procedures, other matters might come to our attention that would be reported to you.

This Asset Agreed Upon Procedures Report should not be taken to supplant any other enquiries and procedures that may be necessary to satisfy the requirements of the recipients of this Asset Agreed Upon Procedures Report.

This Asset Agreed Upon Procedures Report has been prepared for use in connection with the offering of securities inside of the United States and in accordance with United States attestation standards established by the American Institute of Certified Public Accountants and not in accordance with United Kingdom or other professional standards. This Asset Agreed Upon Procedures Report is only intended to be relied on in connection with any obligations or responsibilities in connection with the Issue that you may have under any legislation, regulations and/or rule of law under United States federal or state securities law. We accept no responsibility to, and deny any liability to, any person or in any way arising from or in connection with the use of this Asset Agreed Upon Procedures Report in connection with any offering of securities outside the United States.

**4.** **Use of this Asset Agreed Upon Procedures Report**

Subject to the terms specified in in our Engagement Letter dated 10 September 2025, this Asset Agreed Upon Procedures Report is provided solely for the private information and use of the Issuer, the Arranger, the Lead Manager and the Managers and is not intended to be and should not be used by anyone other than the Issuer, the Arranger, the Lead Manager and the Managers. This Agreed Upon Procedures Report should not be included in any publicly filed or publicly available document nor should this Agreed Upon Procedures Report, the services performed hereunder, or Deloitte's engagement hereunder be referred to in any publicly filed or publicly available document, in each case, except under the terms specified in our Engagement Letter. For the avoidance of doubt, the Arranger, the Lead Manager and the Managers are being provided with the Asset Agreed Upon Procedures Report in their capacity as addressees and not the engaging party.

![](image_045.jpg)

If you have any questions or would like to discuss the content of this Asset Agreed Upon Procedures Report please do not hesitate to contact Louise Gill on 0113 292 1299.

Yours truly,

**Deloitte LLP**

## Exhibit 99.2

![](image_001.jpg)

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

![](image_002.jpg)

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

![](image_003.jpg)

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

![](image_004.jpg)

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 4

![](image_005.jpg)

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

![](image_006.jpg)

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

![](image_007.jpg)

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

![](image_008.jpg)

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 8

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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

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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

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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

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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

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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 13

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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

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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

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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

![](image_017.jpg)

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

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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

![](image_019.jpg)

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 19

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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

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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

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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

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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 23

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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

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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

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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 26

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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

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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

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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

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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

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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 31

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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

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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

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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 34

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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

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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 36

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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

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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

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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 39

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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

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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

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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

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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.

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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**

<u>**Scope Item – Data Integrity**</u>

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.**<br> **Charges have been correctly registered with no issues observed in the sample selected.**<br>

<u>**Scope Item – File Completeness**</u>

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.**<br>

<u>**Scope Item – Policies and Procedures**</u>

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o LTV up to 80% (exceptions for employees, restructurings, and foreclosed properties)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Max term: 30 years (primary), 25 years (second homes)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Borrower affordability limit: ≤ 40% of net income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o 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:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Max term: 30-35 years

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Affordability rate: ≤ 35%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o 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:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Delinquency (90–150 days): Adds external recovery firms for enforcement.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Deed in lieu: Property is returned in lieu of payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Cash settlements: Partial forgiveness allowed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Post-Litigation Asset Management :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Properties transferred to Santander's Property Management.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Legal/commercial cleanup, market valuation, and sale via various channels.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ 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).**<br>

<u>**Scope Item – Underwriting**</u>

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.**<br>

<u>**Scope Item – Loan Servicing**</u>

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.**<br>

<u>**Scope Item – Vulnerable Customers**</u>

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.**<br>

<u>**Scope Item – Complaints Log**</u>

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.**<br>

<u>**Scope Item – Regulatory Compliance**</u>

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.**<br>

<u>**Scope Item – Cash Management**</u>

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.**<br>

**Flamenco - Data Integrity Review**

**Integrity**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Loan ID** | **Loan ID** | **TYPE OF DEBT (SECURED/UNSECURED)** | **TYPE OF DEBT (SECURED/UNSECURED)** | **TYPE OF DEBT (SECURED/UNSECURED)** | **MATURITY DATE<br> [as of 30/04/2025]** | **MATURITY DATE<br> [as of 30/04/2025]** | **MATURITY DATE<br> [as of 30/04/2025]** | **DAYS PAST DUE** | **DAYS PAST DUE** | **DAYS PAST DUE** | **GRACE PERIOD END DATE<br> [Enriched 14/04/2025]** | **GRACE PERIOD END DATE<br> [Enriched 14/04/2025]** | **GRACE PERIOD END DATE<br> [Enriched 14/04/2025]** | **LAST RESTRUCTURING DATE<br> [Enriched 07/05/2025]** | **LAST RESTRUCTURING DATE<br> [Enriched 07/05/2025]** | **LAST RESTRUCTURING DATE<br> [Enriched 07/05/2025]** | **OUTSTANDING BALANCE (€)<br> [as of 30/04/2025]** | **OUTSTANDING BALANCE (€)<br> [as of 30/04/2025]** | **OUTSTANDING BALANCE (€)<br> [as of 30/04/2025]** | **CURRENT INTEREST INDEX NEXT RESET DATE** | **CURRENT INTEREST INDEX NEXT RESET DATE** | **CURRENT INTEREST INDEX NEXT RESET DATE** | **CURRENT INDEX REFERENCE RATE (%)** | **CURRENT INDEX REFERENCE RATE (%)** | **CURRENT INDEX REFERENCE RATE (%)** | **FINAL INTEREST RATE APPLIED POST-BONUS (%)** | **FINAL INTEREST RATE APPLIED POST-BONUS (%)** | **FINAL INTEREST RATE APPLIED POST-BONUS (%)** | **REGISTRY LIEN RANK<br> [Enriched 07/05/2025]** | **REGISTRY LIEN RANK<br> [Enriched 07/05/2025]** | **REGISTRY LIEN RANK<br> [Enriched 07/05/2025]** | **BANK APPRAISAL DATE** | **BANK APPRAISAL DATE** | **BANK APPRAISAL DATE** | **BANK APPRAISAL (€)** | **BANK APPRAISAL (€)** | **BANK APPRAISAL (€)** | **CADASTRAL REFERENCE** | **CADASTRAL REFERENCE** | **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 |  | 90 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 106500.87 | TRUE |  | 6/30/2025 | TRUE |  | 3.680% | TRUE |  | 5.380% | TRUE |  | 1 | TRUE |  | 4/22/2024 | TRUE |  | 68014.35 | TRUE |  | 3886309XL1738N0015XP | TRUE |  | FALSE | Completed |
| 004900521030001846 | TRUE |  | SECURED | TRUE |  | 4/17/2048 | TRUE |  | 74 | TRUE |  |  | TRUE |  | 12/14/2023 | TRUE |  | 207826.25 | TRUE |  | 4/16/2025 | TRUE |  | 3.609% | TRUE |  | 4.359% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 216027.99 | TRUE |  | 3363505DG0236S0020BG | TRUE |  | FALSE | Completed |
| 004900541030238196 | TRUE |  | SECURED | TRUE |  | 3/31/2037 | TRUE |  | 30 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 603132.42 | TRUE |  | 4/29/2025 | TRUE |  | 3.609% | TRUE |  | 6.459% | TRUE |  | 1 | TRUE |  | 2/14/2024 | TRUE |  | 1484506.95 | TRUE |  | 001001100WF48D0001HQ | TRUE |  | FALSE | Completed |
| 004900591030109164 | TRUE |  | SECURED | TRUE |  | 2/28/2048 | TRUE |  | 0 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 57711.04 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 7.506% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 141050.36 | TRUE |  | 8752701QE4385B0039QI | TRUE |  | FALSE | Completed |
| 004901221030180962 | TRUE |  | SECURED | TRUE |  | 6/1/2045 | TRUE |  | 120 | TRUE |  |  | TRUE |  | 1/26/2016 | TRUE |  | 69006.76 | TRUE |  | 2/1/2026 | TRUE |  | 2.506% | TRUE |  | 4.906% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 60188.49 | TRUE |  | 9051402QA4595A0015ZR | TRUE |  | FALSE | Completed |
| 004901221030182652 | TRUE |  | SECURED | TRUE |  | 11/1/2046 | TRUE |  | 127 | TRUE |  | 3/1/2025 | TRUE |  | 2/25/2020 | TRUE |  | 176274.71 | TRUE |  | 2/28/2025 | TRUE |  | 3.679% | TRUE |  | 3.929% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 46156.38 | TRUE |  | 7655602QA4575F0004DP | TRUE |  | FALSE | Completed |
| 004901421030107978 | TRUE |  | SECURED | TRUE |  | 1/31/2034 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 2/9/2021 | TRUE |  | 301822.52 | TRUE |  | 1/3/2026 | TRUE |  | 2.506% | TRUE |  | 5.256% | TRUE |  | 1 | TRUE |  | 3/18/2024 | TRUE |  | 333263.05 | TRUE |  | 23005A011001470000HW | TRUE |  | FALSE | Completed |
| 004901421030108314 | TRUE |  | SECURED | TRUE |  | 7/29/2047 | TRUE |  | 62 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 104667.88 | TRUE |  | 11/28/2025 | TRUE |  | 2.691% | TRUE |  | 2.941% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 73027.17 | TRUE |  | 7802002VH0170S0001PS | TRUE |  | FALSE | Completed |
| 004901421030108319 | TRUE |  | SECURED | TRUE |  | 6/19/2046 | TRUE |  | 163 | TRUE |  |  | TRUE |  | 9/19/2014 | TRUE |  | 53890.59 | TRUE |  | 9/18/2025 | TRUE |  | 3.166% | TRUE |  | 3.416% | TRUE |  | 1 | TRUE |  | 11/7/2024 | TRUE |  | 31629.88 | TRUE |  | 2736058VH0023N0001PU | TRUE |  | FALSE | Completed |
| 004902481030092700 | TRUE |  | SECURED | TRUE |  | 7/2/2036 | TRUE |  | 0 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 428558.88 | TRUE |  | 7/1/2025 | TRUE |  | 3.680% | TRUE |  | 5.430% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 840622.80 | TRUE |  | 3109102DF2830G0001UY | TRUE |  | FALSE | Completed |
| 004904161030012703 | TRUE |  | SECURED | TRUE |  | 2/28/2053 | TRUE |  | 91 | TRUE |  |  | TRUE |  | 8/3/2016 | TRUE |  | 34857.47 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 9.006% | TRUE |  | 2 | TRUE |  | 5/2/2024 | TRUE |  | 312511.06 | TRUE |  | 38031A011001590001SG | TRUE |  | FALSE | Completed |
| 004904561030061062 | TRUE |  | SECURED | TRUE |  | 2/25/2051 | TRUE |  | 66 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 151910.37 | TRUE |  | 2/24/2026 | TRUE |  | 2.525% | TRUE |  | 4.025% | TRUE |  | 1 | TRUE |  | 4/27/2020 | TRUE |  | 189330.81 | TRUE |  | 3265679VK2436N0001MD | TRUE |  | FALSE | Completed |
| 004905401030034301 | TRUE |  | SECURED | TRUE |  | 2/24/2032 | TRUE |  | 128 | TRUE |  |  | TRUE |  | 3/6/2012 | TRUE |  | 101484.69 | TRUE |  | 2/23/2026 | TRUE |  | 2.506% | TRUE |  | 4.506% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 271150.20 | TRUE |  | 4274501DG2047S0020XR | TRUE |  | FALSE | Completed |
| 004905401030034571 | TRUE |  | SECURED | TRUE |  | 5/24/2048 | TRUE |  | 128 | TRUE |  |  | TRUE |  | 1/31/2024 | TRUE |  | 185018.20 | TRUE |  | 9/23/2025 | TRUE |  | 3.650% | TRUE |  | 5.150% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 197485.68 | TRUE |  | 4809614DF1740H0012RP | TRUE |  | FALSE | Completed |
| 004907921030079852 | TRUE |  | SECURED | TRUE |  | 12/17/2037 | TRUE |  | 43 | TRUE |  |  | TRUE |  | 12/21/2023 | TRUE |  | 74755.15 | TRUE |  | 3/16/2025 | TRUE |  | 2.506% | TRUE |  | 3.106% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 102642.34 | TRUE |  | 1238601VK9913N0053YI | TRUE |  | FALSE | Completed |
| 004909751030000571 | TRUE |  | SECURED | TRUE |  | 6/30/2046 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 7/8/2020 | TRUE |  | 409059.57 | TRUE |  | 2/27/2026 | TRUE |  | 2.525% | TRUE |  | 3.775% | TRUE |  | 1 | TRUE |  | 2/4/2022 | TRUE |  | 650378.38 | TRUE |  | 4310806DG5041S0014XR | TRUE |  | FALSE | Completed |
| 004909781030005678 | TRUE |  | SECURED | TRUE |  | 2/15/2050 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 4/25/2012 | TRUE |  | 120384.80 | TRUE |  | 2/14/2026 | TRUE |  | 2.506% | TRUE |  | 3.256% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 125169.20 | TRUE |  | 2522903VP8022S0120IG | TRUE |  | FALSE | Completed |
| 004910661030000201 | TRUE |  | SECURED | TRUE |  | 5/4/2056 | TRUE |  | 87 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 125977.06 | TRUE |  | 4/3/2025 | TRUE |  | 3.718% | TRUE |  | 4.968% | TRUE |  | 1 | TRUE |  | 2/27/2024 | TRUE |  | 161010.54 | TRUE |  | 6087201VG4168G0048OE | TRUE |  | FALSE | Completed |
| 004910661030003819 | TRUE |  | SECURED | TRUE |  | 4/9/2054 | TRUE |  | 173 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 37832.87 | TRUE |  | 4/8/2025 | TRUE |  | N/A | TRUE |  | **5.000%** | **FALSE** | **7.00%** | 2 | TRUE |  | 2/27/2024 | TRUE |  | 161010.54 | TRUE |  | 6087201VG4168G0048OE | TRUE |  | TRUE | Completed |
| 004911561030024829 | TRUE |  | SECURED | TRUE |  | 4/30/2034 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 9/30/2021 | TRUE |  | 304813.11 | TRUE |  | 12/3/2025 | TRUE |  | 2.936% | TRUE |  | 5.686% | TRUE |  | 1 | TRUE |  | **11/6/2024** | **FALSE** | **05/11/2023** | **539075.08** | **FALSE** | **771314.08** | **35022A002000200000AK** | **FALSE** | **001001600DS50A0001GJ** | TRUE | Completed |
| 004911561030025252 | TRUE |  | SECURED | TRUE |  | 8/31/2052 | TRUE |  | 29 | TRUE |  |  | TRUE |  | 8/1/2024 | TRUE |  | 71896.44 | TRUE |  | N/A | TRUE |  | N/A | TRUE |  | 3.650% | TRUE |  | 1 | TRUE |  | 6/24/2024 | TRUE |  | 92410.98 | TRUE |  | 5902012CS7550S0001HT | TRUE |  | FALSE | Completed |
| 004913091030001847 | TRUE |  | SECURED | TRUE |  | 6/25/2044 | TRUE |  | 66 | TRUE |  |  | TRUE |  | 6/25/2014 | TRUE |  | 90992.76 | TRUE |  | 6/24/2025 | TRUE |  | 3.680% | TRUE |  | 5.680% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 74901.54 | TRUE |  | 7160701YJ0876S0001OA | TRUE |  | FALSE | Completed |
| 004913741030000849 | TRUE |  | SECURED | TRUE |  | 2/28/2039 | TRUE |  | 61 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 165622.55 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 4.006% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 237750.87 | TRUE |  | 2167013DG7126N0001OM | TRUE |  | FALSE | Completed |
| 004913821030000454 | TRUE |  | SECURED | TRUE |  | 6/19/2060 | TRUE |  | 10 | TRUE |  | 5/19/2025 | TRUE |  | 5/17/2024 | TRUE |  | 156000.00 | TRUE |  | 2/18/2026 | TRUE |  | 2.525% | TRUE |  | 3.775% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 119525.55 | TRUE |  | 6041823BE8864A0012EW | TRUE |  | FALSE | Completed |
| 004913911330000157 | TRUE |  | SECURED | TRUE |  | 6/30/2036 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 10/8/2021 | TRUE |  | 254570.43 | TRUE |  | 10/30/2025 | TRUE |  | 3.526% | TRUE |  | 6.776% | TRUE |  | 1 | TRUE |  | 10/10/2024 | TRUE |  | 211025.22 | TRUE |  | 13005A027000370000EG | TRUE |  | FALSE | Completed |
| 004914401030002353 | TRUE |  | SECURED | TRUE |  | 2/9/2047 | TRUE |  | 168 | TRUE |  |  | TRUE |  | 11/14/2019 | TRUE |  | 75798.15 | TRUE |  | 12/8/2025 | TRUE |  | 2.936% | TRUE |  | 3.936% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 59426.41 | TRUE |  | 7558403XG7675N0009LP | TRUE |  | FALSE | Completed |
| 004915201030001375 | TRUE |  | SECURED | TRUE |  | 3/26/2043 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 4/22/2016 | TRUE |  | 130400.56 | TRUE |  | 2/25/2026 | TRUE |  | 2.506% | TRUE |  | 5.006% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 159264.90 | TRUE |  | 1425802CG1312N0001SF | TRUE |  | FALSE | Completed |
| 004915221030000340 | TRUE |  | SECURED | TRUE |  | 2/29/2032 | TRUE |  | 29 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 29107.92 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 6.406% | TRUE |  | 1 | TRUE |  | **2/19/2024** | **FALSE** | **20/01/2025** | **38629.25** | **FALSE** | **43916.44** | 13039A044000890000AU | TRUE |  | TRUE | Completed |
| 004915871030064910 | TRUE |  | SECURED | TRUE |  | 1/16/2059 | TRUE |  | 136 | TRUE |  | 5/16/2025 | TRUE |  | 10/11/2011 | TRUE |  | 154648.84 | TRUE |  | 1/15/2026 | TRUE |  | N/A | TRUE |  | 5.000% | TRUE |  | 1 | TRUE |  | 11/4/2024 | TRUE |  | 153043.45 | TRUE |  | 4073720BE8947C0004PJ | TRUE |  | FALSE | Completed |
| 004917371030006268 | TRUE |  | SECURED | TRUE |  | 8/30/2063 | TRUE |  | 122 | TRUE |  |  | TRUE |  | 7/12/2024 | TRUE |  | 356479.72 | TRUE |  | 11/29/2025 | TRUE |  | 3.166% | TRUE |  | 4.416% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 484010.35 | TRUE |  | 3342306VK2734S0072YY | TRUE |  | FALSE | Completed |
| 004917401030004293 | TRUE |  | SECURED | TRUE |  | 4/1/2047 | TRUE |  | 90 | TRUE |  |  | TRUE |  | 3/16/2021 | TRUE |  | 188095.00 | TRUE |  | 12/31/2025 | TRUE |  | 2.506% | TRUE |  | 3.706% | TRUE |  | 1 | TRUE |  | 4/26/2024 | TRUE |  | 153795.12 | TRUE |  | 4688901UF6542N0080AG | TRUE |  | FALSE | Completed |
| 004917751030000501 | TRUE |  | SECURED | TRUE |  | 3/26/2048 | TRUE |  | 3 | TRUE |  | 1/26/2028 | TRUE |  | 6/28/2023 | TRUE |  | 189553.90 | TRUE |  | 2/25/2026 | TRUE |  | 2.406% | TRUE |  | 2.406% | TRUE |  | 1 | TRUE |  | 7/11/2024 | TRUE |  | 154360.02 | TRUE |  | 2174072WF6727S0066ID | TRUE |  | FALSE | Completed |
| 004923181030548379 | TRUE |  | SECURED | TRUE |  | 8/4/2035 | TRUE |  | 91 | TRUE |  |  | TRUE |  | 12/7/2020 | TRUE |  | 49349.66 | TRUE |  | 5/3/2025 | TRUE |  | 3.671% | TRUE |  | 7.671% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 46639.68 | TRUE |  | 0282204YH2408A0001BR | TRUE |  | FALSE | Completed |
| 004923401030502586 | TRUE |  | SECURED | TRUE |  | 11/25/2049 | TRUE |  | 96 | TRUE |  |  | TRUE |  | 2/6/2019 | TRUE |  | 222426.66 | TRUE |  | 6/24/2025 | TRUE |  | 3.718% | TRUE |  | 4.568% | TRUE |  | 1 | TRUE |  | **5/20/2024** | **FALSE** | **24/02/2025** | **156807.38** | **FALSE** | **210371.69** | 6440409DF4964S0005SY | TRUE |  | TRUE | Completed |
| 004924561030476480 | TRUE |  | SECURED | TRUE |  | 1/31/2046 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 12/10/2024 | TRUE |  | 66752.58 | TRUE |  | 1/30/2026 | TRUE |  | 2.691% | TRUE |  | 5.591% | TRUE |  | 1 | TRUE |  | 10/7/2024 | TRUE |  | 238493.68 | TRUE |  | 3883002YM1638D0003GE | TRUE |  | FALSE | Completed |
| 004924671030484054 | TRUE |  | SECURED | TRUE |  | 7/31/2047 | TRUE |  | 152 | TRUE |  |  | TRUE |  | 3/18/2009 | TRUE |  | 66658.02 | TRUE |  | 9/29/2025 | TRUE |  | 3.526% | TRUE |  | 4.376% | TRUE |  | 1 | TRUE |  | 7/8/2024 | TRUE |  | 40040.66 | TRUE |  | 0973010TM6807S0005EP | TRUE |  | FALSE | Completed |
| 004924961030485060 | TRUE |  | SECURED | TRUE |  | 8/28/2042 | TRUE |  | 93 | TRUE |  | 8/28/2025 | TRUE |  | 8/5/2024 | TRUE |  | 350464.72 | TRUE |  | 8/27/2025 | TRUE |  | N/A | TRUE |  | 5.180% | TRUE |  | 1 | TRUE |  | 4/15/2024 | TRUE |  | 213115.76 | TRUE |  | 9451618DG2195S0004FI | TRUE |  | FALSE | Completed |
| 004925321030000415 | TRUE |  | SECURED | TRUE |  | 3/31/2041 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 11/9/2023 | TRUE |  | 892560.96 | TRUE |  | 4/29/2025 | TRUE |  | 3.669% | TRUE |  | 6.669% | TRUE |  | 1 | TRUE |  | 10/31/2024 | TRUE |  | 115002.63 | TRUE |  | 36051A009005260000FD | TRUE |  | FALSE | Completed |
| 004926601030458050 | TRUE |  | SECURED | TRUE |  | 9/30/2046 | TRUE |  | 152 | TRUE |  |  | TRUE |  | 7/29/2014 | TRUE |  | 171682.71 | TRUE |  | 3/30/2025 | TRUE |  | 3.679% | TRUE |  | 4.429% | TRUE |  | 1 | TRUE |  | 11/27/2019 | TRUE |  | 102494.85 | TRUE |  | 5142303VK3554S0014RX | TRUE |  | FALSE | Completed |
| 004927291030445237 | TRUE |  | SECURED | TRUE |  | 5/1/2047 | TRUE |  | 151 | TRUE |  |  | TRUE |  | 4/30/2013 | TRUE |  | 209749.23 | TRUE |  | 4/30/2025 | TRUE |  | 3.718% | TRUE |  | 5.168% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 124228.15 | TRUE |  | **31201050453010060000** | **FALSE** | **310000000001955647TG** | TRUE | Completed |
| 004929771030413961 | TRUE |  | SECURED | TRUE |  | 2/28/2053 | TRUE |  | 0 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 77951.87 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 6.506% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 195912.10 | TRUE |  | 4982901CF7648B0001JM | TRUE |  | FALSE | Completed |
| 004930111830427276 | TRUE |  | SECURED | TRUE |  | 2/9/2037 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 4/29/2020 | TRUE |  | 304586.12 | TRUE |  | 1/8/2026 | TRUE |  | 2.438% | TRUE |  | 2.938% | TRUE |  | 1 | TRUE |  | 4/29/2024 | TRUE |  | 220986.00 | TRUE |  | 0944101UF1304N0095IZ | TRUE |  | FALSE | Completed |
| 004930351030000861 | TRUE |  | SECURED | TRUE |  | 9/4/2038 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 5/15/2020 | TRUE |  | 303998.95 | TRUE |  | 2/3/2026 | TRUE |  | 2.525% | TRUE |  | 3.325% | TRUE |  | 1 | TRUE |  | 3/4/2024 | TRUE |  | 56858.81 | TRUE |  | 07045A002002830000QJ | TRUE |  | FALSE | Completed |
| 004932241030403991 | TRUE |  | SECURED | TRUE |  | 4/19/2049 | TRUE |  | 133 | TRUE |  | 4/19/2026 | TRUE |  | 3/30/2022 | TRUE |  | 151958.90 | TRUE |  | 4/18/2025 | TRUE |  | 3.609% | TRUE |  | 3.859% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 144954.01 | TRUE |  | 7512415TG3471S0001FH | TRUE |  | FALSE | Completed |
| 004933101030000146 | TRUE |  | SECURED | TRUE |  | 11/1/2046 | TRUE |  | 59 | TRUE |  |  | TRUE |  | 10/25/2021 | TRUE |  | 119161.27 | TRUE |  | 2/17/2026 | TRUE |  | 2.506% | TRUE |  | 2.756% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 47763.37 | TRUE |  | 0407201WF5800N0131XO | TRUE |  | FALSE | Completed |
| 004933761030001157 | TRUE |  | SECURED | TRUE |  | 6/29/2051 | TRUE |  | 126 | TRUE |  | 3/29/2025 | TRUE |  | 3/26/2024 | TRUE |  | 140725.41 | TRUE |  | 3/28/2025 | TRUE |  | 3.650% | TRUE |  | **3.900%** | **FALSE** | **6.15%** | 1 | TRUE |  | 5/20/2024 | TRUE |  | 115136.11 | TRUE |  | 7372401YJ1077C0008PG | TRUE |  | TRUE | Completed |
| 004938411030469741 | TRUE |  | SECURED | TRUE |  | 2/18/2048 | TRUE |  | 134 | TRUE |  |  | TRUE |  | 2/15/2019 | TRUE |  | 156719.26 | TRUE |  | 2/17/2026 | TRUE |  | 2.506% | TRUE |  | 3.506% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 196572.36 | TRUE |  | 1589007DF3918N0035LO | TRUE |  | FALSE | Completed |
| 004939711030422729 | TRUE |  | SECURED | TRUE |  | 3/1/2047 | TRUE |  | 59 | TRUE |  | 9/1/2026 | TRUE |  | N/A | TRUE |  | 216331.71 | TRUE |  | 8/31/2025 | TRUE |  | 3.650% | TRUE |  | 3.900% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 108836.75 | TRUE |  | 4156710WF7845N0001LK | TRUE |  | FALSE | Completed |
| 004942761030000780 | TRUE |  | SECURED | TRUE |  | 9/21/2046 | TRUE |  | 161 | TRUE |  |  | TRUE |  | 7/29/2016 | TRUE |  | 140639.96 | TRUE |  | 4/15/2025 | TRUE |  | 3.609% | TRUE |  | 6.109% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 115889.62 | TRUE |  | 2998101DF5929N0003EI | TRUE |  | FALSE | Completed |
| 004943621030000007 | TRUE |  | SECURED | TRUE |  | 2/20/2046 | TRUE |  | 40 | TRUE |  |  | TRUE |  | 5/12/2020 | TRUE |  | 98442.67 | TRUE |  | 2/19/2026 | TRUE |  | 2.506% | TRUE |  | 3.506% | TRUE |  | 1 | TRUE |  | 4/16/2024 | TRUE |  | 86077.59 | TRUE |  | 0307516YH2500G0010JW | TRUE |  | FALSE | Completed |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **Loan ID** | **Loan ID** | **TYPE OF DEBT (SECURED/UNSECURED)** | **TYPE OF DEBT (SECURED/UNSECURED)** | **TYPE OF DEBT (SECURED/UNSECURED)** | **MATURITY DATE<br> [as of 30/04/2025]** | **MATURITY DATE<br> [as of 30/04/2025]** | **MATURITY DATE<br> [as of 30/04/2025]** | **DAYS PAST DUE** | **DAYS PAST DUE** | **DAYS PAST DUE** | **GRACE PERIOD END DATE<br> [Enriched 14/04/2025]** | **GRACE PERIOD END DATE<br> [Enriched 14/04/2025]** | **GRACE PERIOD END DATE<br> [Enriched 14/04/2025]** | **LAST RESTRUCTURING DATE<br> [Enriched 07/05/2025]** | **LAST RESTRUCTURING DATE<br> [Enriched 07/05/2025]** | **LAST RESTRUCTURING DATE<br> [Enriched 07/05/2025]** | **OUTSTANDING BALANCE (€)<br> [as of 30/04/2025]** | **OUTSTANDING BALANCE (€)<br> [as of 30/04/2025]** | **OUTSTANDING BALANCE (€)<br> [as of 30/04/2025]** | **CURRENT INTEREST INDEX NEXT RESET DATE** | **CURRENT INTEREST INDEX NEXT RESET DATE** | **CURRENT INTEREST INDEX NEXT RESET DATE** | **CURRENT INDEX REFERENCE RATE (%)** | **CURRENT INDEX REFERENCE RATE (%)** | **CURRENT INDEX REFERENCE RATE (%)** | **FINAL INTEREST RATE APPLIED POST-BONUS (%)** | **FINAL INTEREST RATE APPLIED POST-BONUS (%)** | **FINAL INTEREST RATE APPLIED POST-BONUS (%)** | **REGISTRY LIEN RANK<br> [Enriched 07/05/2025]** | **REGISTRY LIEN RANK<br> [Enriched 07/05/2025]** | **REGISTRY LIEN RANK<br> [Enriched 07/05/2025]** | **BANK APPRAISAL DATE** | **BANK APPRAISAL DATE** | **BANK APPRAISAL DATE** | **BANK APPRAISAL (€)** | **BANK APPRAISAL (€)** | **BANK APPRAISAL (€)** | **CADASTRAL REFERENCE** | **CADASTRAL REFERENCE** | **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 |  |  | TRUE |  | 9/28/2023 | TRUE |  | 17438.82 | TRUE |  | 12/29/2025 | TRUE |  | 2.936% | TRUE |  | 7.186% | TRUE |  | 3 | TRUE |  | 5/20/2024 | TRUE |  | 180132.11 | TRUE |  | 3038016DF1933N0001EZ | TRUE |  | FALSE | Completed |
| 004945721030000864 | TRUE |  | SECURED | TRUE |  | 2/28/2052 | TRUE |  | 91 | TRUE |  |  | TRUE |  | 5/17/2012 | TRUE |  | 212358.05 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 4.006% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 313844.61 | TRUE |  | 1375123VK4417N0001EM | TRUE |  | FALSE | Completed |
| 004946171030609859 | TRUE |  | SECURED | TRUE |  | 4/1/2049 | TRUE |  | 120 | TRUE |  |  | TRUE |  | 5/19/2022 | TRUE |  | 133294.91 | TRUE |  | 5/31/2025 | TRUE |  | 3.718% | TRUE |  | 5.499% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 69385.98 | TRUE |  | 5937307WF3653N0008OY | TRUE |  | FALSE | Completed |
| 004946591030612152 | TRUE |  | SECURED | TRUE |  | 8/4/2055 | TRUE |  | 117 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 95339.34 | TRUE |  | 5/3/2025 | TRUE |  | 3.702% | TRUE |  | 5.452% | TRUE |  | 1 | TRUE |  | 4/30/2024 | TRUE |  | 9331.10 | TRUE |  | 7702001WF1770S0144BW | TRUE |  | FALSE | Completed |
| 004948031030604170 | TRUE |  | SECURED | TRUE |  | 7/1/2047 | TRUE |  | 120 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 157084.97 | TRUE |  | 6/30/2025 | TRUE |  | 3.680% | TRUE |  | 5.330% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 146856.31 | TRUE |  | **U1214571K** | **FALSE** | **U1214564K** | TRUE | Completed |
| 004948461030642186 | TRUE |  | SECURED | TRUE |  | 12/30/2044 | TRUE |  | 0 | TRUE |  | 12/30/2025 | TRUE |  | N/A | TRUE |  | 309000.00 | TRUE |  | N/A | TRUE |  | N/A | TRUE |  | 5.500% | TRUE |  | 1 | TRUE |  | 11/11/2024 | TRUE |  | 147942.00 | TRUE |  | 9589129VK9298H0001HX | TRUE |  | FALSE | Completed |
| 004948591030604925 | TRUE |  | SECURED | TRUE |  | 7/1/2053 | TRUE |  | 151 | TRUE |  | 6/1/2026 | TRUE |  | 3/30/2022 | TRUE |  | 98063.23 | TRUE |  | 8/16/2025 | TRUE |  | 3.680% | TRUE |  | 3.930% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 151207.58 | TRUE |  | 4206610VK1940N0040BQ | TRUE |  | FALSE | Completed |
| 004948661030629346 | TRUE |  | SECURED | TRUE |  | 7/27/2040 | TRUE |  | 125 | TRUE |  |  | TRUE |  | 4/18/2012 | TRUE |  | 65267.74 | TRUE |  | 10/26/2025 | TRUE |  | 3.526% | TRUE |  | 4.526% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 61996.76 | TRUE |  | 4192111QC1849S0001OF | TRUE |  | FALSE | Completed |
| 004949341030604607 | TRUE |  | SECURED | TRUE |  | 1/25/2047 | TRUE |  | 96 | TRUE |  | 12/25/2025 | TRUE |  | 7/22/2022 | TRUE |  | 102113.66 | TRUE |  | 12/24/2025 | TRUE |  | 2.691% | TRUE |  | 2.941% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 165053.15 | TRUE |  | 5772535WF0757S0001DZ | TRUE |  | FALSE | Completed |
| 004949341030604613 | TRUE |  | SECURED | TRUE |  | 11/18/2048 | TRUE |  | 73 | TRUE |  | 12/18/2025 | TRUE |  | 7/22/2022 | TRUE |  | 67263.36 | TRUE |  | 11/17/2025 | TRUE |  | 3.166% | TRUE |  | 3.416% | TRUE |  | 2 | TRUE |  | 5/20/2024 | TRUE |  | 165053.15 | TRUE |  | 5772535WF0757S0001DZ | TRUE |  | FALSE | Completed |
| 004949461030699199 | TRUE |  | SECURED | TRUE |  | 7/29/2050 | TRUE |  | 123 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 110148.94 | TRUE |  | 6/28/2025 | TRUE |  | 3.680% | TRUE |  | 4.930% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 104121.50 | TRUE |  | 0273702DG4007E0024OL | TRUE |  | FALSE | Completed |
| 004949751030797383 | TRUE |  | SECURED | TRUE |  | 1/31/2048 | TRUE |  | 152 | TRUE |  |  | TRUE |  | 3/15/2012 | TRUE |  | 169475.02 | TRUE |  | 1/29/2026 | TRUE |  | 2.691% | TRUE |  | 3.441% | TRUE |  | 1 | TRUE |  | 9/5/2024 | TRUE |  | 153324.81 | TRUE |  | 6034801QA5663C0001GT | TRUE |  | FALSE | Completed |
| 004949821030611154 | TRUE |  | SECURED | TRUE |  | 5/14/2037 | TRUE |  | 46 | TRUE |  |  | TRUE |  | 5/5/2020 | TRUE |  | 73132.03 | TRUE |  | 2/13/2026 | TRUE |  | 2.506% | TRUE |  | 3.256% | TRUE |  | 1 | TRUE |  | 10/28/2024 | TRUE |  | 174276.96 | TRUE |  | 3899321CS7439N0003WQ | TRUE |  | FALSE | Completed |
| 004950101030726995 | TRUE |  | SECURED | TRUE |  | 12/31/2048 | TRUE |  | 152 | TRUE |  |  | TRUE |  | 2/27/2023 | TRUE |  | 108383.13 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 7.506% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 180250.07 | TRUE |  | 4515105WN4041N0037AZ | TRUE |  | FALSE | Completed |
| 004950551030637636 | TRUE |  | SECURED | TRUE |  | 2/28/2049 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 2/21/2017 | TRUE |  | 33846.28 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 4.006% | TRUE |  | 2 | TRUE |  | 4/25/2024 | TRUE |  | 94950.64 | TRUE |  | 4990401YJ1148H0043YQ | TRUE |  | FALSE | Completed |
| 004950741030607338 | TRUE |  | SECURED | TRUE |  | 12/4/2049 | TRUE |  | 178 | TRUE |  |  | TRUE |  | 6/2/2016 | TRUE |  | 133007.04 | TRUE |  | 8/3/2025 | TRUE |  | 3.526% | TRUE |  | 4.776% | TRUE |  | 1 | TRUE |  | 9/13/2024 | TRUE |  | 118049.92 | TRUE |  | 1579107DG4017N0003AB | TRUE |  | FALSE | Completed |
| 004951771030616655 | TRUE |  | SECURED | TRUE |  | 10/1/2045 | TRUE |  | 151 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 146856.55 | TRUE |  | 5/31/2025 | TRUE |  | 3.718% | TRUE |  | 4.568% | TRUE |  | 1 | TRUE |  | 11/11/2014 | TRUE |  | 136463.58 | TRUE |  | 8713823VK4381S0010FR | TRUE |  | FALSE | Completed |
| 004951781030649111 | TRUE |  | SECURED | TRUE |  | 10/31/2044 | TRUE |  | 29 | TRUE |  |  | TRUE |  | 3/23/2021 | TRUE |  | 425661.25 | TRUE |  | 1/30/2026 | TRUE |  | 2.691% | TRUE |  | 7.191% | TRUE |  | 1 | TRUE |  | **2/22/2024** | **FALSE** | **21/02/2025** | **279714.28** | **FALSE** | **202675.00** | 8339601VL1083N0017QQ | TRUE |  | TRUE | Completed |
| 004951811030644474 | TRUE |  | SECURED | TRUE |  | 8/4/2052 | TRUE |  | 56 | TRUE |  |  | TRUE |  | 5/29/2024 | TRUE |  | 224401.45 | TRUE |  | 7/3/2025 | TRUE |  | 3.650% | TRUE |  | 5.150% | TRUE |  | 1 | TRUE |  | 4/25/2024 | TRUE |  | 395838.98 | TRUE |  | 3837601VK4633N0008KE | TRUE |  | FALSE | Completed |
| 004951821030637166 | TRUE |  | SECURED | TRUE |  | 11/30/2061 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 2/20/2024 | TRUE |  | 140131.47 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 6.206% | TRUE |  | 1 | TRUE |  | 9/24/2024 | TRUE |  | 292982.11 | TRUE |  | 6432202VK2863S0005IY | TRUE |  | FALSE | Completed |
| 004952631030694306 | TRUE |  | SECURED | TRUE |  | 1/1/2048 | TRUE |  | 151 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 118755.41 | TRUE |  | 12/31/2025 | TRUE |  | 2.506% | TRUE |  | 3.456% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 50874.93 | TRUE |  | 1618404QH1211N0006YM | TRUE |  | FALSE | Completed |
| 004952861030604183 | TRUE |  | SECURED | TRUE |  | 9/30/2064 | TRUE |  | 91 | TRUE |  |  | TRUE |  | 9/10/2024 | TRUE |  | 122627.44 | TRUE |  | 9/29/2025 | TRUE |  | 3.166% | TRUE |  | 4.526% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 134087.44 | TRUE |  | 8160604YJ3986S0009UK | TRUE |  | FALSE | Completed |
| 004953221030632526 | TRUE |  | SECURED | TRUE |  | 12/26/2046 | TRUE |  | 65 | TRUE |  |  | TRUE |  | 7/13/2020 | TRUE |  | 202963.73 | TRUE |  | 12/25/2025 | TRUE |  | 2.936% | TRUE |  | 3.686% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 157849.80 | TRUE |  | 0951707CS3015S032GM | TRUE |  | FALSE | Completed |
| 004954831030642868 | TRUE |  | SECURED | TRUE |  | 6/23/2038 | TRUE |  | 6 | TRUE |  |  | TRUE |  | 12/28/2023 | TRUE |  | 200610.87 | TRUE |  | 6/22/2025 | TRUE |  | 3.718% | TRUE |  | 4.298% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 185056.46 | TRUE |  | 2071859XM7027S0032FF | TRUE |  | FALSE | Completed |
| 004957381030618897 | TRUE |  | SECURED | TRUE |  | 4/10/2048 | TRUE |  | 142 | TRUE |  |  | TRUE |  | 12/14/2011 | TRUE |  | 107631.10 | TRUE |  | 4/9/2025 | TRUE |  | 3.609% | TRUE |  | 4.359% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 75266.73 | TRUE |  | 8599143VG3189N0027GK | TRUE |  | FALSE | Completed |
| 004957491030000016 | TRUE |  | SECURED | TRUE |  | 11/22/2033 | TRUE |  | 69 | TRUE |  |  | TRUE |  | 10/8/2013 | TRUE |  | 39904.92 | TRUE |  | 2/21/2026 | TRUE |  | 2.506% | TRUE |  | 5.006% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 151768.32 | TRUE |  | 4944802YJ2744D0010DU | TRUE |  | FALSE | Completed |
| 004957501030604080 | TRUE |  | SECURED | TRUE |  | 3/4/2053 | TRUE |  | 117 | TRUE |  |  | TRUE |  | 12/5/2023 | TRUE |  | 280171.86 | TRUE |  | 3/3/2025 | TRUE |  | 3.679% | TRUE |  | 4.429% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 234843.26 | TRUE |  | 0777714DF3807F0009GO | TRUE |  | FALSE | Completed |
| 004957691030000178 | TRUE |  | SECURED | TRUE |  | 11/1/2053 | TRUE |  | 90 | TRUE |  |  | TRUE |  | 2/26/2016 | TRUE |  | 137206.15 | TRUE |  | 1/31/2026 | TRUE |  | 2.436% | TRUE |  | 3.686% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 105325.06 | TRUE |  | 3645984VN5534N0066ZB | TRUE |  | FALSE | Completed |
| 004957921030602960 | TRUE |  | SECURED | TRUE |  | 2/4/2058 | TRUE |  | 178 | TRUE |  |  | TRUE |  | 10/6/2021 | TRUE |  | 226578.72 | TRUE |  | 12/3/2025 | TRUE |  | 2.506% | TRUE |  | 3.756% | TRUE |  | 1 | TRUE |  | 12/28/2016 | TRUE |  | 184391.63 | TRUE |  | 4082104UF1348S0002HQ | TRUE |  | FALSE | Completed |
| 004959091030604284 | TRUE |  | SECURED | TRUE |  | 7/29/2048 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 7/20/2017 | TRUE |  | 294107.09 | TRUE |  | No reset | TRUE |  | 2.506% | TRUE |  | 1.519% | TRUE |  | 1 | TRUE |  | 2/10/2024 | TRUE |  | 736145.49 | TRUE |  | 345341H | TRUE |  | FALSE | Completed |
| 004959431030633467 | TRUE |  | SECURED | TRUE |  | 12/31/2034 | TRUE |  | 29 | TRUE |  |  | TRUE |  | 4/29/2015 | TRUE |  | 61411.10 | TRUE |  | 2/27/2026 | TRUE |  | 2.525% | TRUE |  | 4.525% | TRUE |  | 1 | TRUE |  | 2/8/2024 | TRUE |  | 96040.94 | TRUE |  | 6396410YJ2769N0001LM | TRUE |  | FALSE | Completed |
| 004960071030603725 | TRUE |  | SECURED | TRUE |  | 7/31/2040 | TRUE |  | 90 | TRUE |  |  | TRUE |  | 4/30/2020 | TRUE |  | 183489.77 | TRUE |  | 7/31/2025 | TRUE |  | 3.526% | TRUE |  | 5.066% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 182141.37 | TRUE |  | 3473510UF7637S0001YB | TRUE |  | FALSE | Completed |
| 004960141030614904 | TRUE |  | SECURED | TRUE |  | 9/4/2041 | TRUE |  | 56 | TRUE |  | 3/4/2026 | TRUE |  | 7/20/2021 | TRUE |  | 205225.42 | TRUE |  | 3/3/2025 | TRUE |  | 3.679% | TRUE |  | 3.929% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 144012.85 | TRUE |  | 9038001VL6093N0001LY | TRUE |  | FALSE | Completed |
| 004960211030603718 | TRUE |  | SECURED | TRUE |  | 2/22/2050 | TRUE |  | 7 | TRUE |  |  | TRUE |  | 2/28/2013 | TRUE |  | 129363.77 | TRUE |  | 2/21/2026 | TRUE |  | 2.506% | TRUE |  | 3.356% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 96732.52 | TRUE |  | 396A00700000000001HQ | TRUE |  | FALSE | Completed |
| 004960211030605448 | TRUE |  | SECURED | TRUE |  | 2/28/2031 | TRUE |  | 152 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 41378.05 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 5.006% | TRUE |  | 2 | TRUE |  | 5/20/2024 | TRUE |  | 156734.14 | TRUE |  | 4731212XJ1343S0001SF | TRUE |  | FALSE | Completed |
| 004960951030607418 | TRUE |  | SECURED | TRUE |  | 8/20/2030 | TRUE |  | 9 | TRUE |  |  | TRUE |  | 12/4/2023 | TRUE |  | 34832.69 | TRUE |  | 2/19/2026 | TRUE |  | 2.506% | TRUE |  | 3.256% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 229612.58 | TRUE |  | 8234423VK1883S0007ZR | TRUE |  | FALSE | Completed |
| 004961011030608312 | TRUE |  | SECURED | TRUE |  | 2/28/2049 | TRUE |  | 0 | TRUE |  | 2/28/2029 | TRUE |  | 5/14/2024 | TRUE |  | 16174.88 | TRUE |  | 2/27/2026 | TRUE |  | 2.406% | TRUE |  | 2.406% | TRUE |  | 2 | TRUE |  | 9/8/2024 | TRUE |  | 283215.13 | TRUE |  | 0666215VL2006N0001PL | TRUE |  | FALSE | Completed |
| 004962601030000251 | TRUE |  | SECURED | TRUE |  | 1/14/2050 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 10/2/2020 | TRUE |  | 327201.04 | TRUE |  | 1/13/2026 | TRUE |  | 2.691% | TRUE |  | 6.191% | TRUE |  | 2 | TRUE |  | 2/16/2024 | TRUE |  | 76081.35 | TRUE |  | 23012A052001470000OM | TRUE |  | FALSE | Completed |
| 004967881030000055 | TRUE |  | SECURED | TRUE |  | 6/25/2050 | TRUE |  | 157 | TRUE |  |  | TRUE |  | 5/8/2012 | TRUE |  | 260264.54 | TRUE |  | 6/24/2025 | TRUE |  | 3.718% | TRUE |  | 4.468% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 263400.19 | TRUE |  | 1481002CG4218S0001OJ | TRUE |  | FALSE | Completed |
| 004970861030000958 | TRUE |  | SECURED | TRUE |  | 6/4/2036 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 7/31/2024 | TRUE |  | 470802.52 | TRUE |  | 6/3/2025 | TRUE |  | N/A | TRUE |  | 5.930% | TRUE |  | 1 | TRUE |  | 7/5/2024 | TRUE |  | 908403.34 | TRUE |  | 50224B009000880000AZ | TRUE |  | FALSE | Completed |
| 004971591030001380 | TRUE |  | SECURED | TRUE |  | 2/28/2030 | TRUE |  | 0 | TRUE |  |  | TRUE |  | 2/27/2024 | TRUE |  | 91424.87 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 7.506% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 246517.84 | TRUE |  | 0008117TG4300N0001PH | TRUE |  | FALSE | Completed |
| 004972401030004857 | TRUE |  | SECURED | TRUE |  | 6/30/2062 | TRUE |  | 0 | TRUE |  | 7/31/2028 | TRUE |  | 11/20/2023 | TRUE |  | 253198.79 | TRUE |  | 7/30/2025 | TRUE |  | 3.603% | TRUE |  | 3.603% | TRUE |  | 1 | TRUE |  | 7/3/2024 | TRUE |  | 345994.73 | TRUE |  | 2222101UF2422S0086RF | TRUE |  | FALSE | Completed |
| 004972401030005218 | TRUE |  | SECURED | TRUE |  | 1/31/2039 | TRUE |  | 0 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 367428.49 | TRUE |  | 7/30/2025 | TRUE |  | 3.703% | TRUE |  | 6.693% | TRUE |  | 1 | TRUE |  | 9/27/2024 | TRUE |  | 173738.02 | TRUE |  | 6725901UF0362N0182HG | TRUE |  | FALSE | Completed |
| 004972481030000526 | TRUE |  | SECURED | TRUE |  | 9/24/2033 | TRUE |  | 97 | TRUE |  |  | TRUE |  | 10/24/2022 | TRUE |  | 23975.33 | TRUE |  | 9/23/2025 | TRUE |  | 3.650% | TRUE |  | 4.650% | TRUE |  | 2 | TRUE |  | 8/26/2024 | TRUE |  | 17014.14 | TRUE |  | 2388405WF5728N0001HO | TRUE |  | FALSE | Completed |
| 004973821030001949 | TRUE |  | SECURED | TRUE |  | 3/16/2049 | TRUE |  | 166 | TRUE |  |  | TRUE |  | 10/3/2023 | TRUE |  | 111876.80 | TRUE |  | 3/15/2025 | TRUE |  | 3.679% | TRUE |  | 4.529% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 105579.17 | TRUE |  | 4258414VG1745N0016AQ | TRUE |  | FALSE | Completed |
| 004973821030001958 | TRUE |  | SECURED | TRUE |  | 12/18/2039 | TRUE |  | 164 | TRUE |  |  | TRUE |  | 10/3/2023 | TRUE |  | 15939.63 | TRUE |  | 12/17/2025 | TRUE |  | 2.936% | TRUE |  | 5.186% | TRUE |  | 2 | TRUE |  | 5/20/2024 | TRUE |  | 105579.17 | TRUE |  | 4258414VG1745N0016AQ | TRUE |  | FALSE | Completed |
| 004974001030000571 | TRUE |  | SECURED | TRUE |  | 8/31/2055 | TRUE |  | 29 | TRUE |  |  | TRUE |  | 2/25/2022 | TRUE |  | 186694.22 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 3.266% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 463588.12 | TRUE |  | 310000000001591069AS | TRUE |  | FALSE | Completed |
| 004977541030001403 | TRUE |  | SECURED | TRUE |  | 2/28/2034 | TRUE |  | 60 | TRUE |  |  | TRUE |  | N/A | TRUE |  | 46874.66 | TRUE |  | 2/27/2026 | TRUE |  | 2.506% | TRUE |  | 6.006% | TRUE |  | 2 | TRUE |  | 5/20/2024 | TRUE |  | 117878.40 | TRUE |  | 1839701NH2413N0001XX | TRUE |  | FALSE | Completed |
| 004978681030000119 | TRUE |  | SECURED | TRUE |  | 5/28/2053 | TRUE |  | 60 | TRUE |  | 3/31/2026 | TRUE |  | 9/24/2021 | TRUE |  | 51754.52 | TRUE |  | 3/27/2025 | TRUE |  | 3.679% | TRUE |  | 3.929% | TRUE |  | 2 | TRUE |  | 5/20/2024 | TRUE |  | 168491.72 | TRUE |  | 36054A011000600001RH | TRUE |  | FALSE | Completed |
| 004978681030000141 | TRUE |  | SECURED | TRUE |  | 3/31/2055 | TRUE |  | 91 | TRUE |  | 3/31/2026 | TRUE |  | 11/12/2021 | TRUE |  | 170666.53 | TRUE |  | 9/29/2025 | TRUE |  | 3.650% | TRUE |  | 3.900% | TRUE |  | 1 | TRUE |  | 5/20/2024 | TRUE |  | 168491.72 | TRUE |  | 36054A011000600001RH | TRUE |  | FALSE | Completed |

---

**Integrity Summary**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Differences** | **Differences** | **Differences** | **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 | 178558.28 | 1.06 |
| REGISTRY LIEN RANK [Enriched 07/05/2025] | 0 | 0.00 | 0.00 | 0.00 |
| BANK APPRAISAL DATE | 4 | 4.00 | 982008.94 | 5.82 |
| BANK APPRAISAL (€) | 4 | 4.00 | 982008.94 | 5.82 |
| CADASTRAL REFERENCE | 3 | 3.00 | 671647.31 | 3.98 |
| Total | 13 | 0.93 |  |  |
|  | **Summary** | **Summary** | **Summary** | **Summary** |
| **Field** | **#** | **%** | **€** | **%** |
| Total number of loans with differences | 8 | 8.00 | 1527401.42 | 9.06 |
| Total number of loans with no differences | 91 | 91.00 | 15334212.87 | 90.94 |
| Total Number of Reviewed Loans | 100 | 100.00 | 16861614.29 | 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** | **Comments** | **Exceptions** | **Status** |
| 004900321030162717 | BANCO ESPAÑOL DE CREDITO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | **No** | **No** | Unknown | Yes | Yes | Yes | No | n/a | No | No | Yes | No | No B | Grade Comment: Mortgage loan for €148,000 originated by Banesto in Jun 07 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.<br> UW Decisions: LTV and term longer than stated in policy.<br> Prudent Lending: LTV of 87% at origination and borrower will be 91 years old at maturity, which exceeds prudent lending criteria.<br> Fees and charges: Fees of €30 charged on late payments. | TRUE | Complete |
| 004900521030001846 | SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Unknown | Yes | Yes | No | Yes | n/a | Yes | No | Yes | No | No A | Grade Comment: Mortgage loan for €290,000 originated by Santander in Apr 08 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.<br> Forbearance: 2 months interest only granted in 2020 in the context of Covid-19.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | FALSE | Complete |
| 004900541030238196 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | Unknown | Yes | **No** | Yes | No | n/a | No | No | Yes | No | No B | Grade Comment: Mortgage loan for €847,000 originated by Santander in Mar 20 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.<br> Collections Notes: No evidence of collection notes found on Sirec.<br> Fees and charges: Evidence of €39 charged on every instalment which is paid late. | TRUE | Complete |
| 004900591030109164 | SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | No current arrears | Yes | n/a | No | No | n/a | No | No | n/a | No | No A | Grade Comment: No arrears as of review date. | FALSE | Complete |
| 004901221030180962 | BANCO ESPAÑOL DE CREDITO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | Business Slow | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: Mortgage loan for €65,100 originated by Banesto in Feb 04 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 Jun 06, approved by mortgage unit on 27Jun06. Restructured in Mar 09 (Plan Familia) increasing the capital to €87,500 and extending the term until Jun 36. Restructured again in Nov 11, providing an interest only term of 12 months and increasing the capital to €87,000, approved by the mortgage unit in Sep 11. Restructured again in Feb 13 (Plan Familia) increasing the capital to €89,500 with 2 years interest only. Restructured again in Dec 15 increasing the capital to €87,000 and extending the term until Jun 45, 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. <br> Prudent Lending: Borrower will be 103 years old at maturity after the restructure, which does not comply with with prudent lending criteria.<br> Fees and charges: Evidence of fees of €30 charged on every unpaid instalment.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | TRUE | Complete |
| 004901221030182652 | BANCO ESPAÑOL DE CREDITO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | 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.<br> Litigation & External DCAs: SIREC shows record of external collector making calls, latest attempt 24Mar25. | FALSE | Complete |
| 004901421030107978 | BANCO POPULAR ESPAÑOL | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | **No** | **No** | No current arrears | Yes | Yes | No | No | n/a | No | No | Yes | No | No B | Grade Comment: Mortgage loan for €500,00 originated by Banco Popular in Jul 15 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 Feb 21 to €401,000 and term extended until Jan 34. Several historic late payments however;, account is performing as at the cut-off date. Evidence of communication with the borrowers by phone and SMS.<br> UW Decisions: One of the borrowers will be 89 years old at loan maturity.<br> Prudent Lending: Age of one of the borrowers at maturity (89) exceeds prudent lending criteria. | TRUE | Complete |
| 004901421030108314 | POPULAR | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | Grade Comment: 2 unpaid instalments as of review date Evidence of statutory letters sent to debtor and multiple communication attempts by phone and SMS.<br> Litigation & External DCAs: SIREC shows collection calls from external agency, latest attempt 20May25 | FALSE | Complete |
| 004901421030108319 | BANCO DE ANDALUCIA | INDIVIDUAL | Yes | Yes | Yes | **No** | Yes | n/a | Yes | Yes | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: Loan purpose was restructure of debts 8 unpaid instalments as of review date.<br> Valuation Report: No valuation report found.<br> Fees and charges: €34 fee charged in latest liquidation of late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external collector, latest 15Apr25 | TRUE | Complete |
| 004902481030092700 | POPULAR | INDIVIDUAL | Yes | Yes | Yes | Yes | **No** | n/a | **No** | **No** | No current arrears | Yes | n/a | Yes | No | n/a | No | No | n/a | No | No B | Grade Comment: Mortgage loan for €690,000 originated by Popular in Jul 16 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.<br> Mortgage Deed: Mortgage deed not seen on file.<br> UW Decisions: 91% LTV for financing an industrial warehouse does not comply with product guidelines.<br> Prudent Lending: 91% LTV for financing a warehouse does not appear to be prudent.<br> Fees and charges: Evidence of late fees of €39 charged on late payments. | TRUE | Complete |
| 004904161030012703 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | 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.<br> Litigation & External DCAs: SIREC shows collection calls from external agency, latest 05May25 | FALSE | Complete |
| 004904561030061062 | POPULAR | INDIVIDUAL | Yes | Yes | Yes | **No** | Yes | n/a | **No** | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No C | Grade Comment: Subrogation in a developer mortgage loan of €160,000, increasing the capital to €187,500, originated by Popular in Feb 16 until Feb 51, 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.<br> Valuation Report: No valuation report found on file.<br> 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.<br> Prudent Lending: LTV at origination exceeding 108% LTV, which appears to be excessive.<br> Fees and charges: Late fees of €35 applied to late payments.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | TRUE | Complete |
| 004905401030034301 | SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | **No** | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | 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%. <br> UW Decisions: Borrower will be 86 at loan maturity.<br> Prudent Lending: Borrower will be 86 at loan maturity.<br> Fees and charges: €49€ fee charged in unpaid instalment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 20May25 | TRUE | Complete |
| 004905401030034571 | SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | Severe Illness | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | No | No B | Grade Comment: Mortgage subrogation for €195,000 originated by Santander in Dec 09 over 25 years, collateralised by an apartment and 2 garages valued in €300,000 (65% LTV). Approved by mortgage unit on 09Dec09. Restructured in Jun 12, 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 Oct 14, extending the term until Jul 40 and providing 5 years interest only, approved by the mortgage unit on 16Oct14. Covid-19 forbearance granted in May 21, providing 12 months interest only and extending the maturity until Jul 41. Interest only in the context of Covid-19 granted for 12 months, extending the maturity until Jul 41. New restructure made in Jan 24, increasing the capital in €3k and the maturity of the mortgage until May 48, 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.<br> Prudent Lending: Borrower will 93 years old at maturity after the restructure, which does not meet prudent lending criteria.<br> Forbearance: Restructure as per the terms of CBP 6/2012 in Oct 14, extending the term until Jul 40 and providing 5 years interest only, approved by the mortgage unit on 16Oct14.<br> Litigation & External DCAs: Collections outsourced to external DCAs.<br> Vulnerable Customers: Borrower has cancer according to system notes. | TRUE | Complete |
| 004907921030079852 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No A | 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. <br> Fees and charges: €49 fee applied to debtor in late payments.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 22Apr25. | FALSE | Complete |
| 004909751030000571 | BANCO POPULAR ESPAÑOL | INDIVIDUAL | Yes | Yes | Yes | **No** | Yes | Yes | **No** | **No** | No current arrears | Yes | Yes | No | Yes | n/a | Yes | No | Yes | No | No C | 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)<br> Valuation Report: Valuation report not in system.<br> UW Decisions: LTV 111%<br> Prudent Lending: Loan purpose home purchase, LTV 111%<br> Forbearance: 12 months of interest only signed 17Jun20 in context of COVID<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 13May25 | TRUE | Complete |
| 004909781030005678 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | No current arrears | Yes | Yes | No | No | n/a | No | No | Yes | No | No B | Grade Comment: Mortgage loan for €156,000 originated by Santander in Feb 07 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 Jun 12, providing 3 years interest only and extending the maturity until Feb 50, approved by the mortgage unit on 10Apr12. Interest only granted until Jan 25 in Jul 24, approved by the mortgage unit in Jun 24. 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.<br> Prudent Lending: Borrower will be 83 years old at loan maturity. | TRUE | Complete |
| 004910661030000201 | BANCO POPULAR ESPAÑOL | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | **No** | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No C | 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<br> UW Decisions: LTV 109%<br> Prudent Lending: LTV 109%, and borrower will be 89 years old after the restructure, which does not meet prudent lending criteria.<br> Fees and charges: €39 fee charged for late payments<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 16May25 | TRUE | Complete |
| 004910661030003819 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: 9 unpaid instalments as of review date, loan purpose was refinance arrears of first mortgage, also in pool.<br> Prudent Lending: Refinance arrears of previous mortgage. Borrower will be 104 years old at maturity, which does not meet prudent lending criteria.<br> Fees and charges: €39 fee charged to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 16May25 | TRUE | Complete |
| 004911561030024829 | BANCO POPULAR ESPAÑOL | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No current arrears | Yes | Yes | No | Yes | n/a | No | No | Yes | No | No A | Grade Comment: Mortgage loan for €450,000 originated by Popular in Mar 17 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 Apr 34, approved by the mortgage unit in Aug 21. Account performing as at the cut-off date. Evidence of statutory letters sent to debtor and communications by phone, email and SMS.<br> 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** | **Comments** | **Exceptions** | **Status** |
| 004911561030025252 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | **No** | No current arrears | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No B | 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. <br> Prudent Lending: LTV 90% considering purchase price €54,000 although considering valuation for €65k, LTV is <80%<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 06May25 | TRUE | Complete |
| 004913091030001847 | BANCO PASTOR | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | Grade Comment: Mortgage loan for €118,660 originated by Banco Pastor in Jul 04 over 30 years, collateralised by a house valued in €175,008.66 (68% LTV). Initial approval not seen on system. Restructured in Jun 14, extending the term until Jun 44 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.<br> Litigation & External DCAs: Collection activities outsourced to external DCAs. | FALSE | Complete |
| 004913741030000849 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | **No** | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: 4 unpaid instalments as of review date, although arrears reduced by latest payment received 16May25.<br> UW Decisions: Borrower will be 89 at loan maturity.<br> Prudent Lending: Borrower will be 89 at loan maturity.<br> Fees and charges: €30 fee charged to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 09May25 | TRUE | Complete |
| 004913821030000454 | BANCO PASTOR | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | No current arrears | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No B | 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. <br> 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.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 03Apr25 | TRUE | Complete |
| 004913911330000157 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No current arrears | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No A | Grade Comment: Mortgage loan for €340,000 originated by Santander in Mar 20 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 Oct 21, 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.<br> Fees and charges: Late fees of €49 charged on every late payment.<br> Litigation & External DCAs: Collection activities outsourced to external DCAs. | FALSE | Complete |
| 004914401030002353 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | No current arrears | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No B | 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. <br> Prudent Lending: Borrower will be 89 years old at maturity, which does not meet prudent lending criteria.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 07May25 | TRUE | Complete |
| 004915201030001375 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No current arrears | Yes | Yes | Yes | Yes | n/a | Yes | No | Yes | No | No A | Grade Comment: Mortgage loan for €129,000 originated by Santander in Feb 10 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 Jun 42, approved by the mortgage unit in Apr 16. 9 months interest only granted in the context of Covid-19, extending the maturity of the mortgage until Mar 43. Account performing as at the cut-off date. Evidence of statutory letters sent to debtor and communications by phone, email and SMS.<br> Fees and charges: Late fees of €49 charged on late payments.<br> Forbearance: 9 months interest only granted in the context of Covid-19, extending the maturity of the mortgage until Mar 43.<br> Litigation & External DCAs: Collections outsourced to external DCA. | FALSE | Complete |
| 004915221030000340 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: 2 unpaid instalments as of review date. Loan purpose was debt consolidation restructuring debt and including a rustic plot as additional guarantee.<br> Prudent Lending: Borrower will be 88 years old at maturity, which does not meet prudent lending criteria.<br> Fees and charges: €39 fee charged to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 19May25 | TRUE | Complete |
| 004915871030064910 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | Unknown | Yes | **No** | Yes | No | n/a | No | No | Yes | No | No B | Grade Comment: Self developer loan for €160,000 originated by Santander in Jan 09 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 Jan 49 in Mar 10 to consolidate other debts, approved by the mortgage unit in Mar 10. Capital increased in €2,367.84 and 3 years interest only granted in Oct 11, approved by the mortgage unit on 26Sep11. Maturity of the loan extended until Jan 59 and 6 months interest only granted in Feb 25, 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. <br> Prudent Lending: Term of the loan after the restructure is 50 years, which is considered excessive.<br> Collections Notes: No evidence of collection notes found on Sirec.<br> Fees and charges: €30 late fee charged on late payments. | TRUE | Complete |
| 004917371030006268 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | **No** | Yes | Yes | Yes | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: 5 unpaid instalments as of review date.<br> Valuation Report: No valuation report available. <br> 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.<br> Fees and charges: €98 fee charged to debtor for late payments of 5 instalments in liquidation dated 08May25.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 19May25. | TRUE | Complete |
| 004917401030004293 | BANESTO | INDIVIDUAL | Yes | Yes | Yes | **No** | **No** | Yes | Yes | Yes | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | n/a | No | No B | Grade Comment: Mortgage loan for €260,000 originated by Banesto in Dec 06 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 Mar 21, approved by the mortgage unit in Feb 21. 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.<br> Valuation Report: Valuation report not found on file.<br> Mortgage Deed: Original mortgage deed not found on file.<br> Fees and charges: Late fee on €25 applied to late payments.<br> Litigation & External DCAs: Collection activities outsourced to external DCAs. | TRUE | Complete |
| 004917751030000501 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | **No** | **No** | No current arrears | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No C | 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%<br> UW Decisions: LTV 89% and borrower will be 96 years old at loan maturity.<br> Prudent Lending: LTV 89% and borrower will be 96 years old at loan maturity, which does not meet with prudent lending criteria.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 30Apr25 | TRUE | Complete |
| 004923181030548379 | BANCO POPULAR ESPAÑOL | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No A | Grade Comment: Origination with Low LTV 30%. 3 unpaid instalments as of review date<br> Fees and charges: €39 fee applied to debtor for late payments<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 15May25 | FALSE | Complete |
| 004923401030502586 | SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | **No** | **No** | Overindebtedness | Yes | Yes | Yes | Yes | n/a | Yes | No | Yes | No | No C | Grade Comment: Mortgage loan for €255,000 originated by Santander in Jun 07 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 Nov 49 in Feb 13, approved by mortgage unit on 22Feb13. Capital increased in €3,716, releasing one of the mortgagors, and providing 12 months interest only in Jun 15. 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 Feb 19, 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.<br> UW Decisions: LTV was over 200% in one of the restructures made and borrower will be 101 years old at loan maturity.<br> 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.<br> Fees and charges: Late fees of €28 applied.<br> Forbearance: Covid19 moratorium granted in 2021.<br> Litigation & External DCAs: Collection activities outsourced to external collectors. File currently in pre-litigation stage. | TRUE | Complete |
| 004924561030476480 | SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | No current arrears | Yes | n/a | No | No | n/a | No | No | Yes | No | No A | 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 | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | Grade Comment: 5 unpaid instalments as of review date. LTV 79% at origination.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 26Feb25, unsuccessful | FALSE | Complete |
| 004924961030485060 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | **No** | Yes | Yes | Overindebtedness | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: Mortgage loan for €345,000 originated by Santander in Aug 07 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 Aug 42, with 12 months interest only in Feb 21, approved by the mortgage unit on 25Jan21. 15 months interest only granted in Aug 24, 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.<br> Restructure Deeds: Restructure deeds from 2021 and 2024 not available on file.<br> Fees and charges: Late fees of €28 applied.<br> Litigation & External DCAs: Collection activities outsourced to external collectors. | TRUE | Complete |
| 004925321030000415 | POPULAR (BANCO PASTOR) | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No A | Grade Comment: LTV 38% at origination. 1 unpaid instalment as of review date.<br> Fees and charges: €30 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 20May25, unsuccessful | FALSE | Complete |
| 004926601030458050 | BANCO CENTRAL HISPANO AMERICANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | **No** | **No** | Overindebtedness | Yes | Yes | Yes | Yes | n/a | Yes | No | Yes | No | No C | Grade Comment: Mortgage loan for €222,000 originated by Santander in Mar 06 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 Jul 14, 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 Sep 46. 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.<br> UW Decisions: LTV at the time of the restructuring in 2014 exceeded 100% LTV.<br> Prudent Lending: LTV at the time of the restructuring in 2014 exceeded 100% LTV, which is not considered prudent.<br> Fees and charges: 28€ late fees applied.<br> Forbearance: Covid-19 moratorium granted for 3 months, extending the maturity of the loan until Sep 46.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | TRUE | Complete |
| 004927291030445237 | BANESTO | INDIVIDUAL | Yes | Yes | Yes | **No** | **No** | n/a | **No** | **No** | Unknown | Yes | Yes | Yes | Yes | n/a | Yes | No | n/a | No | No C | Grade Comment: 8 unpaid instalments as of review date, LTV 86%, Borrower disengaged, ditching phone calls, communication by email<br> Valuation Report: No valuation available.<br> Mortgage Deed: No deed available.<br> UW Decisions: LTV 86%<br> Prudent Lending: LTV 86% and borrower will be 88 years old at maturity, which does not meet prudent lending criteria.<br> Fees and charges: €30 fee applied to debtor for late payment<br> Forbearance: Restructure signed in 2013 including 36 months interest only and capitalisation of arrears.<br> 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 |

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| **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** | **Comments** | **Exceptions** | **Status** |
| 004929771030413961 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | No current arrears | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | Grade Comment: Mortgage loan for €82,000 originated by Santander in Feb 23 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.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | FALSE | Complete |
| 004930111830427276 | BANCO POPULAR ESPAÑOL | INDIVIDUAL | Yes | Yes | Yes | **No** | **No** | n/a | **No** | **No** | No current arrears | Yes | Yes | No | No | n/a | Yes | No | n/a | No | No C | 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<br> Valuation Report: No valuation available<br> Mortgage Deed: No deed available<br> UW Decisions: LTV 205% according to data available in system, loan for €564,000 for a purchase of €274,762<br> Prudent Lending: LTV 205% according to data available in system, loan for €564,000 for a purchase of €274,762<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 14Jan25 | TRUE | Complete |
| 004930351030000861 | BANCO DE CREDITO BALEAR | INDIVIDUAL | Yes | Yes | Yes | Yes | **No** | Yes | Yes | Yes | No current arrears | Yes | Yes | No | Yes | n/a | Yes | No | n/a | No | No B | Grade Comment: Mortgage loan for €630,000 originated by Popular in Sep 07 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.<br> Mortgage Deed: Original mortgage deed not available on file.<br> Forbearance: Covid-19 moratorium granted in 2020, with 12 months interest only and extending the maturity of the loan 12 months.<br> Litigation & External DCAs: Collections outsourced to external DCA. | TRUE | Complete |
| 004932241030403991 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | 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.<br> 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 | Yes | Yes | Yes | Yes | Yes | Yes | **No** | Unknown | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | No | No B | Grade Comment: Mortgage loan for €123,000 originated by Santander in Mar 06 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 Sep 10, increasing the capital to €121,300 with 2 years interest only, approved by the mortgage unit on 09Sep10. Restructured again in Nov 12, increasing the capital to €122,500 with 2 years interest only, approved by the mortgage unit on 23Nov12. Restructured again in Feb 14 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 Mar 46 with 5 years interest only, approved by the mortgage unit on 07Feb14. Restructured again in Mar 21 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 Nov 46. 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. <br> Prudent Lending: Borrower will be 90 years old at loan maturity after the restructure, which does not meet prudent lending criteria.<br> Forbearance: Restructured in Feb 14 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 Mar 46 with 5 years interest only, approved by the mortgage unit on 07Feb14. Restructured again in Mar 21 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 Nov 46.<br> Litigation & External DCAs: Collections outsourced to external DCAs.<br> Vulnerable Customers: Borrower in risk of social exclusion as per system notes. | TRUE | Complete |
| 004933761030001157 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No B | Grade Comment: 7 unpaid instalments as of review date, no fees, LTV at origination 80%.<br> Prudent Lending: Term of the loan after the restructure was 45 years, which is considered excessive.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 13May25 | TRUE | Complete |
| 004938411030469741 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | **No** | Yes | Yes | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: Subrogation from Banesto for €234,000 originated by Santander in May 07 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 Feb 19, increasing the capital to €190,000 and extending the maturity of the loan until Feb 48. 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.<br> Restructure Deeds: Restructure deed from 2019 not available on file.<br> Fees and charges: Late fees of €39 applied.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | TRUE | Complete |
| 004939711030422729 | BANCO ESPAÑOL DE CREDITO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | 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,<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 05May25 | FALSE | Complete |
| 004942761030000780 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: 7 unpaid instalments as of review date. LTV was 80% at origination, term extended until borrower is 88 years old.<br> Prudent Lending: Borrower will be 88 years old at loan maturity<br> Fees and charges: €49 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 19May25 | TRUE | Complete |
| 004943621030000007 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | **No** | Yes | Yes | Low Income | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | No | No B | Grade Comment: Mortgage loan for €100,777 originated by Santander in Feb 06 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 Dec 11 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 Dec 14 as per the terms of the CBP RDL 6/2012, increasing the capital to €99,000 and the maturity of the loan until Feb 46, with 5 years interest only, approved by the mortgage unit on 25Nov14. Restructured again as per the terms of the RDL 6/2012 in May 20, 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.<br> Restructure Deeds: Restructure deed from May 20 not found on file.<br> Forbearance: Restructured in Dec 14 as per the terms of the CBP RDL 6/2012, increasing the capital to €99,000 and the maturity of the loan until Feb 46, with 5 years interest only, approved by the mortgage unit on 25Nov14. Restructured again as per the terms of the RDL 6/2012 in May 20, increasing the capital until €98,577, and providing 5 years interest only.<br> Litigation & External DCAs: Collections outsourced to external DCAs.<br> 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 | Yes | Yes | Yes | Yes | Yes | **No** | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | 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.<br> UW Decisions: LTV 94%<br> Prudent Lending: LTV 94% adding this 3rd lien loan to the 1st and 2nd lien mortgages.<br> Fees and charges: €30 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 14May25 | TRUE | Complete |
| 004945721030000864 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | **No** | Yes | Yes | Yes | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | 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.<br> Valuation Report: No valuation available<br> Prudent Lending: After latest term extension, Borrower will be 79 years old at loan maturity<br> Fees and charges: €49 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 20May25 | TRUE | Complete |
| 004946171030609859 | BANCO POPULAR ESPAÑOL | INDIVIDUAL | Yes | Yes | Yes | **No** | **No** | **No** | Yes | Yes | Unemployed | Yes | Yes | No | Yes | Yes | Yes | Yes | n/a | No | No B | Grade Comment: Mortgage loan for €132,500 originated by Popular in Oct 06 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 Mar 09 increasing the capital to €131,000 and the maturity until Apr 49, with 2 years interest only, approved by the mortgage unit on 05Mar09. Restructured again in Apr 12, increasing the capital to €132,000 with 2 years interest only. Approved by the mortgage unit on 09Apr12. Restructured again in Jun 14 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 May 22 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.<br> Valuation Report: Valuation report not found on file.<br> Mortgage Deed: Original mortgage deed not found on file.<br> Restructure Deeds: The only deed available is the restructure from 2014.<br> Forbearance: Restructured in Jun 14 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 May 22 as per the terms of the CBP 6/2012 increasing the capital to €131,870 with 5 years interest only.<br> Litigation & External DCAs: Collections outsourced to external DCAs.<br> 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 | Yes | Yes | **No** | Yes | Yes | Yes | Yes | Unknown | Yes | Yes | Yes | No | n/a | No | No | Yes | No | No B | Grade Comment: No evidence of any outsourced collections activities despite 7 unpaid instalments as of review date.<br> Valuation Report: No valuation available<br> Fees and charges: €35 fee applied to debtor for late payment | TRUE | Complete |
| 004948031030604170 | BANESTO | INDIVIDUAL | **No** | Yes | Yes | **No** | **No** | n/a | **No** | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | n/a | No | No B | Grade Comment: Mortgage loan for €220,000 originated by Banesto in Jun 07 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.<br> Loan Application: No loan application found on file.<br> Valuation Report: Valuation report not found on file.<br> Mortgage Deed: Mortgage deed not available on file.<br> UW Decisions: LTV of 98% at origination, not compliant with policy criteria.<br> Prudent Lending: 98% LTV does not comply with prudent lending criteria.<br> Fees and charges: Late fees of €30 applied.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | TRUE | Complete |
| 004948461030642186 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | **No** | No current arrears | Yes | Yes | No | No | n/a | No | No | Yes | No | No B | Grade Comment: Mortgage loan for €309,000 originated by Santander in Dec 24 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.<br> 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 | Yes | Yes | Yes | Yes | Yes | **No** | **No** | No current arrears | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No B | Grade Comment: No arrears as of review date, Age at loan maturity 75 years old.<br> UW Decisions: LTV 95%<br> 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.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 28Mar25. | TRUE | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | **Comments** | **Exceptions** | **Status** |
| 004948661030629346 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | Unemployed | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | 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%<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 21May25 | FALSE | Complete |
| 004949341030604607 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | **No** | **No** | Overindebtedness | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | No | No C | Grade Comment: Subrogation of a mortgage from Popular to Santander for €178,000 originated by Santander in Jan 07 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 Nov 08 (total LTV at this time was 113%). First mortgage restructured as per the terms of RDL 6/2012 in Jul 22 increasing capital up to €189,158.16, extending the maturity until Jan 47 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.<br> UW Decisions: Second mortgage granted, with an LTV of 113%, outside of policy criteria.<br> Prudent Lending: Second mortgage granted, with an LTV of 113%, not compliant with prudent lending.<br> Forbearance: First mortgage restructured as per the terms of RDL 6/2012 in Jul 22 increasing capital up to €189,158.16, extending the maturity until Jan 47 with 5 years interest only, approved by mortgage unit on 16Jun22.<br> Litigation & External DCAs: Collections outsourced to external DCAs. <br> Vulnerable Customers: Borrowers subject to the CBP. | TRUE | Complete |
| 004949341030604613 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | Grade Comment: 5 unpaid instalments as of review date. LTV 50% at origination<br> 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 | Yes | Yes | Yes | Yes | n/a | **No** | **No** | Skipped Abroad | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No C | 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)<br> UW Decisions: LTV 130%<br> Prudent Lending: LTV 130%<br> Fees and charges: €34 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 20May25 | TRUE | Complete |
| 004949751030797383 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No A | Grade Comment: 8 unpaid instalments as of review date. LTV 79% at origination<br> Fees and charges: €34 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 06May25 | FALSE | Complete |
| 004949821030611154 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Marital Split | Yes | Yes | No | Yes | n/a | Yes | No | Yes | No | No A | Grade Comment: Mortgage loan for €153,900 originated by Santander in Feb 07 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 May 37. 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.<br> Forbearance: Covid-19 moratorium granted, extending the maturity of the mortgage until Feb 38.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | FALSE | Complete |
| 004950101030726995 | BANCO DE VASCONIA | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: 7 unpaid instalments as of review date. LTV 70%. <br> 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.<br> Fees and charges: €49 fee applied to debtor for late payment<br> 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 | Yes | Yes | Yes | Yes | **No** | Yes | Yes | No current arrears | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | No | No B | Grade Comment: Second mortgage for €43,000 originated by Santander in Feb 09 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 Feb 17 as per the terms of CBP 6/2012, increasing the capital in €1,609.04 and extending the term until Feb 49, 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.<br> Restructure Deeds: Restructure deed from 2017 not found on file.<br> Forbearance: Restructured in Feb 17 as per the terms of CBP 6/2012, increasing the capital in €1,609.04 and extending the term until Feb 49, with interest only for 5 years.<br> Litigation & External DCAs: Collections outsourced to external DCAs. <br> Vulnerable Customers: Borrowers subject to the CBP. | TRUE | Complete |
| 004950741030607338 | BANCO POPULAR ESPAÑOL | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | Severe Illness | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: 7 unpaid instalments as of review date. LTV 95%<br> Prudent Lending: LTV 95% and borrower will be 109 years old at loan maturity, which does not comply with prudent lending criteria<br> Fees and charges: €39 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 21May25 | TRUE | Complete |
| 004951771030616655 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | **No** | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: LTV 95%. Approval mentions AIG insurance for HLTV. DTI 27%. 8 unpaid instalments as of review date<br> UW Decisions: LTV 95%<br> Prudent Lending: LTV 95%<br> Fees and charges: €28 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 16May25 | TRUE | Complete |
| 004951781030649111 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | **No** | **No** | **No** | Overindebtedness | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No C | Grade Comment: Restructure mortgage loan for €530,000 originated by Santander in Jan 14 over 30 years, collateralised by 2 commercial assets, valued in €473,000 (112% LTV). Approved by mortgage unit on 09Jan14. Restructured in Feb 23, extending the maturity of the loan until Oct 44. 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.<br> Restructure Deeds: Restructure from 2023 not found on file.<br> UW Decisions: LTV at origination 112%, not compliant with uw criteria.<br> Prudent Lending: LTV at origination 112%, not compliant with prudent lending criteria.<br> Fees and charges: Late fees of €39 applied.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | TRUE | Complete |
| 004951811030644474 | BANCO POPULAR ESPAÑOL | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | **No** | **No** | Unknown | Yes | Yes | Yes | No | n/a | No | No | Yes | No | No B | Grade Comment: LTV 95% Valuation at origination €228,133.27 original loan amount €217,000. 8 unpaid instalments as of review date.<br> UW Decisions: LTV 95%<br> Prudent Lending: LTV 95%<br> Fees and charges: €28 fee applied to debtor for late payment. | TRUE | Complete |
| 004951821030637166 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | **No** | **No** | Yes | **No** | **No** | Low Income | Yes | Yes | Yes | No | n/a | Yes | No | n/a | No | No C | Grade Comment: 1 unpaid instalment as of review date. Age at maturity would be 110 years for the borrower that provides income.<br> Valuation Report: No valuation available<br> Mortgage Deed: Original mortgage deed not available, only restructure deeds signed in 2021 and 2024<br> UW Decisions: Borrower will be 110 years old at loan maturity<br> Prudent Lending: Borrower will be 110 years old at loan maturity<br> Fees and charges: €22 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 12May25. | TRUE | Complete |
| 004952631030694306 | BANCO ESPAÑOL DE CREDITO | INDIVIDUAL | Yes | Yes | Yes | Yes | **No** | n/a | Yes | **No** | BKO | Yes | Yes | Yes | No | n/a | Yes | No | n/a | No | No B | Grade Comment: Mortgage loan for €171,900 originated by Banesto in Dec 07 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.<br> Mortgage Deed: Mortgage deed not available on file.<br> Prudent Lending: LTV of 90% at origination does not comply with prudent lending criteria.<br> Fees and charges: Late fees of €30 applied.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | TRUE | Complete |
| 004952861030604183 | BANCO ESPAÑOL DE CREDITO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | **No** | **No** | Low Income | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No C | 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.<br> UW Decisions: LTV 107%.<br> 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.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 06May25. | TRUE | Complete |
| 004953221030632526 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | **No** | Yes | Unknown | Yes | Yes | Yes | Yes | n/a | Yes | No | Yes | No | No B | Grade Comment: Mortgage loan for €303,000 originated by Santander in Dec 06 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 Jun 20 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.<br> UW Decisions: LTV at origination 97%; however, the excess from 80% was covered by a pledge on a deposit account.<br> Fees and charges: Late fees of €28 applied.<br> Forbearance: Covid-19 moratorium granted in Jun 20 for 12 months, signed on private agreement.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | TRUE | Complete |
| 004954831030642868 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No current arrears | Yes | Yes | No | No | n/a | No | No | Yes | No | No A | Grade Comment: No current arrears as of review date. LTV at origination 72% | FALSE | Complete |
| 004957381030618897 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | Grade Comment: Subrogation in a developer mortgage loan for €150,000 originated by Santander in Apr 08 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 Dec 11, 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.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | FALSE | Complete |
| 004957491030000016 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | **No** | **No** | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No B | Grade Comment: 1 unpaid instalment as of review date. LTV 86.6% at origination<br> UW Decisions: LTV 86.6%<br> Prudent Lending: LTV 86.6%<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 13May25 | TRUE | Complete |
| 004957501030604080 | BANCO SANTANDER | SME | Yes | Yes | Yes | Yes | Yes | Yes | **No** | **No** | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: 7 unpaid instalments as of review date. LTV 88% at origination<br> UW Decisions: LTV 88%<br> Prudent Lending: LTV 88%. Term of the loan after the restructure was 45 years, which is considered excessive.<br> Fees and charges: €24 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 11May25 | TRUE | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | **Comments** | **Exceptions** | **Status** |
| 004957691030000178 | BANCO ESPAÑOL DE CREDITO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Unknown | Yes | Yes | Yes | Yes | n/a | Yes | No | Yes | No | No A | Grade Comment: Subrogation in a developer mortgage loan for €164,000 originated by Banesto in Mar 10 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 Mar 13, increasing the capital to €163,000, with 2 years interest only. Restructured again in Jan 16, increasing the maturity of the loan until Mar 53 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 Nov 53. 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.<br> Fees and charges: Late fees of €39 applied.<br> Forbearance: Covid-19 moratorium granted, extending the maturity of the mortgage 9 months.<br> Litigation & External DCAs: Collections outsourced to external DCAs. | FALSE | Complete |
| 004957921030602960 | BANCO DE ANDALUCIA | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | **No** | **No** | Severe Illness | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No C | 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<br> UW Decisions: LTV 135%<br> Prudent Lending: LTV 135%<br> Fees and charges: €39 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 11May25. | TRUE | Complete |
| 004959091030604284 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | **No** | Yes | Yes | **No** | **No** | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No B | 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<br> Valuation Report: No valuation available<br> UW Decisions: LTV 95%<br> Prudent Lending: LTV 95%<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 07May25. | TRUE | Complete |
| 004959431030633467 | BANCO PASTOR | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Unknown | Yes | Yes | Yes | Yes | n/a | Yes | No | Yes | No | No A | Grade Comment: LTV 64%. 1 unpaid instalment as of review date<br> Fees and charges: €30 fee applied to debtor for late payment<br> Forbearance: COVID moratorium signed 13Nov20<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 17May25 | FALSE | Complete |
| 004960071030603725 | BANCO ESPAÑOL DE CREDITO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | Grade Comment: LTV 70%. 4 unpaid instalments as of review date<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 15May25 | FALSE | Complete |
| 004960141030614904 | POPULAR | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Unemployed | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | No | No A | Grade Comment: 5 unpaid instalments as of review date. Loan restructured in 2021 as per decree for borrowers identified as vulnerable.<br> Forbearance: Restructure signed as per decree, including 5 years interest only<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 21May25<br> 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 | Yes | Yes | Yes | Yes | Yes | **No** | **No** | Unknown | Yes | Yes | No | Yes | n/a | Yes | No | Yes | No | No B | 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.<br> UW Decisions: LTV 97%.<br> Prudent Lending: LTV 97% and borrower will be 99 years old on maturity after the restructure, which does not meet prudent lending criteria.<br> Forbearance: COVID Moratorium signed.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 19May25. | TRUE | Complete |
| 004960211030605448 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No A | 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<br> Fees and charges: €49 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 02May25 | FALSE | Complete |
| 004960951030607418 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | **No** | **No** | Unknown | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No B | Grade Comment: 1 unpaid instalment as of review date, latest payment obtained by Bizum after collection call dated 29Apr25<br> UW Decisions: LTV 82%<br> Prudent Lending: LTV 82%<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 09May25 | TRUE | Complete |
| 004961011030608312 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | No current arrears | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | 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<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 05May25 | FALSE | Complete |
| 004962601030000251 | BANCO POPULAR ESPAÑOL | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | **No** | **No** | No current arrears | Yes | Yes | No | Yes | n/a | Yes | No | Yes | No | No C | 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<br> UW Decisions: LTV 110%.<br> Prudent Lending: LTV 110%. Borrower will be 81 years old at loan maturity<br> Forbearance: COVID Moratorium signed 02Oct20<br> Litigation & External DCAs: SIREC shows old collection calls from external agency, latest 23Jan24. | TRUE | Complete |
| 004967881030000055 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | BKO | Yes | Yes | Yes | Yes | n/a | Yes | No | Yes | No | No A | Grade Comment: LTV 71%. 4 unpaid instalments as of review date. Borrower was involved in insolvency procedures, that have already concluded.<br> Fees and charges: €28 fee applied to debtor for late payment.<br> Forbearance: Covid moratorium signed in 2021.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 29Apr25. | FALSE | Complete |
| 004970861030000958 | BANCO POPULAR ESPAÑOL | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No current arrears | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | 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<br> Litigation & External DCAs: SIREC shows collection calls from external agency, latest 30Oct24 | FALSE | Complete |
| 004971591030001380 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | No current arrears | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | Grade Comment: LTV 65% at origination. No arrears as of review date.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 04Jan25 | FALSE | Complete |
| 004972401030004857 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | Low Income | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | No | No B | 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.<br> 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.<br> Forbearance: 5 years interest only included in 2023, as per the terms of RDL 6/2012 (CBP).<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 21May25. <br> Vulnerable Customers: Borrowers subject to the CBP. | TRUE | Complete |
| 004972401030005218 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | No current arrears | Yes | Yes | No | No | n/a | Yes | No | Yes | No | No A | Grade Comment: LTV 51% at origination, loan purpose was debt consolidation of unpaid debts with mortgage guarantee, no arrears as of review date.<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 08May25. | FALSE | Complete |
| 004972481030000526 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | n/a | Yes | Yes | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No A | 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<br> Fees and charges: €30 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 21May25 | FALSE | Complete |
| 004973821030001949 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | **No** | **No** | Yes | Yes | No current arrears | Yes | Yes | No | Yes | n/a | Yes | No | n/a | No | No B | Grade Comment: LTV 75% at origination with 5 years interest only. Restructured in 2012, 2023 and 2025. No arrears as of review date<br> Mortgage Deed: Original mortgage deed not available<br> Restructure Deeds: 1 of the 3 restructure deed is available<br> Forbearance: 3 restructures, extending term and interest only<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 22May25 | TRUE | Complete |
| 004973821030001958 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No current arrears | Yes | Yes | No | Yes | n/a | Yes | No | Yes | No | No A | 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<br> Forbearance: Restructured in 2023 and 2025<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 22May25 | FALSE | Complete |
| 004974001030000571 | BANCO SANTANDER CENTRAL HISPANO | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | No current arrears | Yes | Yes | No | Yes | n/a | Yes | No | Yes | No | No B | Grade Comment: Subrogation of mortgage increasing amount to consolidate personal loans, LTV at origination was 71%. No arrears as of review date. <br> Prudent Lending: Term of the loan after the restructure is 51 years, which is considered excessive.<br> Forbearance: Restructured in 2016 (increase loan amount by €4,669.82) and 2021 (COVID moratorium).<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 08Apr25. | TRUE | Complete |
| 004977541030001403 | BANCO SANTANDER | INDIVIDUAL | Yes | Yes | Yes | **No** | Yes | n/a | Yes | Yes | Unknown | Yes | Yes | Yes | No | n/a | Yes | No | Yes | No | No B | Grade Comment: Loan purpose was refinance unpaid debts, LTV 31% at origination<br> Valuation Report: No valuation available<br> Fees and charges: €49 fee applied to debtor for late payment<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 20May25 | TRUE | Complete |
| 004978681030000119 | BANCO POPULAR ESPAÑOL | INDIVIDUAL | Yes | Yes | Yes | Yes | Yes | Yes | Yes | **No** | No current arrears | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | No | No B | Grade Comment: 2nd lien mortgage, aggregated LTV <80%. Restructure in 2021 increased loan amount up to 51k. No arrears as of review date.<br> Prudent Lending: Borrower will be 94 years old at maturity after the restructures, which does not comply with prudent lending criteria.<br> Forbearance: Restructured in 2015 and 2021<br> Litigation & External DCAs: SIREC shows frequent collection calls from external agency, latest 05May25<br> 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 | Yes | Yes | Yes | Yes | Yes | Yes | **No** | No current arrears | Yes | Yes | No | Yes | n/a | Yes | No | Yes | No | No B | Grade Comment: No arrears as of review date. 1st lien mortgage. LTV <80%.<br> Prudent Lending: Term of the loan after the restructure is 51 years, which is considered excessive.<br> Forbearance: Restructured in 2015 and COVID moratorium signed in 2021.<br> 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 |  | 8071.50 |
| **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 | 1155.62 | 154.00 | 436.84 | 595.29 | 300.00 | 300.00 | 200.00 | 300.00 | 1085.00 | 300.00 | 300.00 | 500.00 | 6126.75 |

---

**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 | 1173.53 | 1173.53 | 1173.53 | 1173.53 | 1173.53 | 1173.53 | 11549.70 |
| **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 | 1215.00 | 250.00 | 954.37 | 1202.27 |  | 8363.74 |

---

**004900541030238196**

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Due** | **7/30/2024** | **10/30/2024** | **1/30/2025** | **4/30/2025** |  |  |  |  |  |  |  |  | **Total Due** |
| **Due** | 22644.17 | 22445.41 | 22246.66 | 22047.90 |  |  |  |  |  |  |  |  | 89384.14 |
| **Paid** | &nbsp;&nbsp;&nbsp;&nbsp;**5/22/2024** | &nbsp;&nbsp;&nbsp;&nbsp;**5/23/2024** | &nbsp;&nbsp;&nbsp;&nbsp;**7/31/2024** | &nbsp;&nbsp;&nbsp;&nbsp;**9/10/2024** | &nbsp;&nbsp;&nbsp;&nbsp;**9/16/2024** | &nbsp;&nbsp;&nbsp;&nbsp;**9/18/2024** | &nbsp;&nbsp;&nbsp;&nbsp;**10/31/2024** | &nbsp;&nbsp;&nbsp;&nbsp;**11/11/2024** | &nbsp;&nbsp;&nbsp;&nbsp;**11/14/2024** | &nbsp;&nbsp;&nbsp;&nbsp;**1/31/2025** | &nbsp;&nbsp;&nbsp;&nbsp;**3/10/2025** | &nbsp;&nbsp;&nbsp;&nbsp;**3/11/2025** | **Total Paid** |
| **Paid** | &nbsp;&nbsp;&nbsp;&nbsp;20000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1644.68 | &nbsp;&nbsp;&nbsp;&nbsp;335.32 | &nbsp;&nbsp;&nbsp;&nbsp;12000.00 | &nbsp;&nbsp;&nbsp;&nbsp;6000.00 | &nbsp;&nbsp;&nbsp;&nbsp;4603.73 | &nbsp;&nbsp;&nbsp;&nbsp;5356.27 | &nbsp;&nbsp;&nbsp;&nbsp;1950.00 | &nbsp;&nbsp;&nbsp;&nbsp;15238.70 | &nbsp;&nbsp;&nbsp;&nbsp;741.30 | &nbsp;&nbsp;&nbsp;&nbsp;14477.50 | &nbsp;&nbsp;&nbsp;&nbsp;7280.53 | 89628.03 |

---

**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 | 5862.66 |
| **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 | 5862.66 |

---

**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 |  |  |  | 5809.71 |
| **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 | 5423.78 |

---

**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 | 1016.25 | 6784.55 |
| **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 |  |  |  | 3393.12 |

---

**004901421030107978**

---

| | | |
|:---|:---|:---|
| **Due** | **1/31/2025** | **Total Due** |
| **Due** | 45520.83 | 45520.83 |
| **Paid** | **1/31/2025** | **Total Paid** |
| **Paid** | 45520.83 | 45520.83 |

---

**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 |  | 6923.80 |
| **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 | 6918.19 |

---

**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 | 3576.28 |
| **Paid** | &nbsp;&nbsp;&nbsp;&nbsp;**5/10/2024** | &nbsp;&nbsp;&nbsp;&nbsp;**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 |  |  |  | 2071.47 |

---

**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** | 4290.85 | 4290.85 | 4290.85 | 4249.19 | 4249.19 | 4249.19 | 4249.19 | 4249.19 | 4249.19 | 4249.19 | 4249.19 | 4249.19 |  |  |  |  |  | 51115.26 |
| **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** | 4293.13 | 4337.28 | 4336.61 | 4297.36 | 4249.19 | 7.31 | 4242.46 | 4301.61 | 4301.61 | 19.73 | 4279.60 | 16.23 | 4284.22 | 12.84 | 4284.22 | 4075.77 | 220.20 | 51559.37 |

---

**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 | 3609.58 |
| **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 |  |  |  | 2110.70 |

---

**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 |  |  |  |  |  |  | 10310.80 |
| **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 | 1000.00 | 934.96 | 65.04 | 190.00 | 655.89 | 567.34 | 32.66 | 900.00 | 700.00 | 600.00 | 550.00 | 9869.69 |

---

**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** | 1422.73 | 1422.73 | 1422.73 | 1422.73 | 1422.73 | 1422.73 | 1422.73 | 1422.73 | 1422.73 | 1422.73 | 1353.04 | 1353.04 |  |  |  |  |  | 16933.38 |
| **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 | 2000.00 | 550.00 | 550.00 | 750.00 | 700.00 | 650.00 | 750.00 | 800.00 | 800.00 | 700.00 | 1400.00 | 1100.00 | 500.00 | 700.00 | 2500.00 | 15750.00 |

---

**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 | 1114.08 | 1114.08 | 1114.08 | 1114.08 | 1114.08 | 11059.96 |
| **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** | 2648.52 | 1570.96 | 1570.96 | 82.91 | 786.00 | 786.00 | 782.00 | 1120.00 | 599.76 | 1115.00 | 1115.00 |  | 12177.11 |

---

**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 | 7311.33 |
| **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** | 1200.00 | 1000.00 | 1000.00 | 1000.00 | 1000.00 | 1000.00 | 1076.65 | 800.00 |  |  |  |  | 8076.65 |

---

**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** | 2576.22 | 2576.22 | 2576.22 | 2576.22 | 2576.22 | 2576.22 | 2576.22 | 2576.22 | 2576.22 | 2576.22 | 2335.13 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 28097.33 |
| **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** | 1774.93 | 200.00 | 350.00 | 200.00 | 93.65 | 2094.61 | 269.20 | 253.35 | 2167.07 | 300.00 | 149.56 | 66.89 | 1000.00 | 500.00 | 300.00 | 800.00 | 457.53 | 278.39 | 1837.06 | 1838.63 | 268.55 | 200.00 | 312.00 | 2576.22 | 1919.00 | 250.00 | 250.00 | 198.21 | 101.75 | 1537.55 | 250.00 | 250.00 | 479.53 | 250.47 | 1633.09 | 295.90 | 319.14 | 118.99 | 1711.79 | 200.00 | 200.00 | 300.00 | 200.00 | 6.27 | 2224.01 | 138.18 | 13.24 | 31134.76 |

---

**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 |  | 6038.96 |
| **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 | 6039.07 |

---

**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 | 7747.08 |
| **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 |  |  |  | 4796.09 |

---

**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 | 2351.28 |
| **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** | 3802.69 | 3802.69 | 3802.69 | 3802.69 | 3802.69 | 3802.69 | 3802.69 | 3526.41 | 3612.36 | 3612.36 | 3612.36 | 3612.36 |  |  |  | 44594.68 |
| **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** | 3802.69 | 293.83 | 17.18 | 3800.00 | 3800.00 | 100.00 | 3800.00 | 4000.00 | 4000.00 | 3431.44 | 3526.41 | 3612.36 | 3612.36 | 3612.36 | 3612.36 | 45020.99 |

---

**Flamenco - Rate Reset Review**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan ID** | **ORIGINATION DATE<br> [Enriched 07/05/2025]** | **ORIGINAL AMOUNT (€)<br> [Enriched 07/05/2025]** | **CURRENT GRACE PERIOD (Y/N)<br> [as of 30/04/2025]** |  | **TYPE OF GRACE PERIOD** | **GRACE PERIOD END DATE<br> [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 | 148000.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 7/1/2024 | 7/1/2024 | 6/30/2025 | 3.680% | 1.700% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 5.380% | 0.000% | N/A | 5.380% | Y |
| 004900521030001846 | 4/17/2008 | 290000.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 2/29/2024 | 4/17/2024 | 4/16/2025 | 3.609% | 0.750% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 0.000% | 4.359% | 0.000% | N/A | 4.359% | Y |
| 004900541030238196 | 3/31/2020 | 837000.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 2/29/2024 | 4/30/2024 | 4/29/2025 | 3.609% | 2.850% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 0.000% | 6.459% | 0.000% | N/A | 6.459% | Y |
| 004900591030109164 | 2/27/2023 | 59500.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/28/2025 | 2/27/2026 | 2.506% | 5.000% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 0.000% | 7.506% | 0.000% | N/A | 7.506% | Y |
| 004901221030180962 | 2/18/2004 | 65100.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/2/2025 | 2/1/2026 | 2.506% | 2.400% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 4.906% | 0.000% | N/A | 4.906% | Y |
| 004901221030182652 | 11/6/2006 | 152000.00 | N | Y | PRINCIPAL | 3/1/2025 | Variable | Variable | N | N/A | EUR 12M | 1/31/2024 | 3/1/2024 | 2/28/2025 | 3.679% | 0.250% | 3/1/2025 | EUR 12M | EUR 12M | 1.800% | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 0.000% | 3.929% | 0.000% | N/A | 3.929% | Y |
| 004901421030107978 | 7/17/2015 | 500000.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 1/2/2025 | 1/4/2025 | 1/3/2026 | 2.506% | 2.750% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 5.256% | 0.000% | N/A | 5.256% | Y |
| 004901421030108314 | 11/29/2013 | 123612.30 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 11/14/2024 | 11/29/2024 | 11/28/2025 | 2.691% | 0.250% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 2.941% | 0.000% | N/A | 2.941% | Y |
| 004901421030108319 | 3/8/2006 | 63000.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 9/17/2024 | 9/19/2024 | 9/18/2025 | 3.166% | 0.250% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 3.416% | 0.000% | N/A | 3.416% | Y |
| 004902481030092700 | 7/4/2016 | 690000.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 6/28/2024 | 7/2/2024 | 7/1/2025 | 3.680% | 1.750% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 5.430% | 0.000% | N/A | 5.430% | Y |
| 004904161030012703 | 2/6/2013 | 38000.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/28/2025 | 2/27/2026 | 2.506% | 6.500% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 0.000% | 9.006% | 0.000% | N/A | 9.006% | Y |
| 004904561030061062 | 2/25/2016 | 187500.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 2/21/2025 | 2/25/2025 | 2/24/2026 | 2.525% | 1.500% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 4.025% | 0.000% | N/A | 4.025% | Y |
| 004905401030034301 | 2/24/2005 | 210000.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/24/2025 | 2/23/2026 | 2.506% | 2.000% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 0.000% | 4.506% | 0.000% | N/A | 4.506% | Y |
| 004905401030034571 | 12/24/2009 | 195000.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 7/31/2024 | 9/24/2024 | 9/23/2025 | 3.650% | 1.500% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 5.150% | 0.000% | N/A | 5.150% | Y |
| 004907921030079852 | 12/17/2007 | 181325.96 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 1/1/2025 | 2/17/2025 | 3/16/2025 | 2.506% | 0.600% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 3.106% | 0.000% | N/A | 3.106% | Y |
| 004909751030000571 | 6/30/2016 | 519498.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 2/7/2025 | 2/28/2025 | 2/27/2026 | 2.525% | 1.250% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 3.775% | 0.000% | N/A | 3.775% | Y |
| 004909781030005678 | 2/15/2007 | 156000.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/15/2025 | 2/14/2026 | 2.506% | 0.750% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 15.000% | 0.000% | 3.256% | 0.000% | N/A | 3.256% | Y |
| 004910661030000201 | 4/22/2016 | 147153.86 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 4/2/2024 | 4/4/2024 | 4/3/2025 | 3.718% | 1.250% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 4.968% | 0.000% | N/A | 4.968% | Y |
| 004910661030003819 | 4/9/2024 | 36500.00 | N | N | N/A |  | Variable | Variable | Y | N/A | N/A | N/A | N/A | 4/8/2025 | N/A | N/A | 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% | Y |
| 004911561030024829 | 3/31/2017 | 450000.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 10/31/2024 | 12/4/2024 | 12/3/2025 | 2.936% | 2.750% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 2.750% | 5.686% | 0.000% | N/A | 5.686% | Y |
| 004911561030025252 | 8/17/2022 | 48600.00 | N | N | N/A |  | Mixed (Fixed Period - from fixed to variable) | Mixed (Fixed Period - from fixed to variable) | N/A | 2/29/2032 | N/A | N/A | N/A | N/A | N/A | N/A | 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% | Y |
| 004913091030001847 | 7/27/2004 | 118660.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 6/21/2024 | 6/25/2024 | 6/24/2025 | 3.680% | 2.000% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 5.680% | 0.000% | N/A | 5.680% | Y |
| 004913741030000849 | 2/2/2009 | 292000.00 | N | N | N/A |  | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/28/2025 | 2/27/2026 | 2.506% | 1.500% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 0.000% | 4.006% | 0.000% | N/A | 4.006% | Y |
| 004913821030000454 | 3/13/2007 | 180000.00 | Y | Y | PRINCIPAL | 5/19/2025 | Variable | Variable | N | N/A | EUR 12M | 2/15/2025 | 2/19/2025 | 2/18/2026 | 2.525% | 1.250% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | 0.000% | 3.775% | 0.000% | N/A | 3.775% | Y |

---

---

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| **Loan ID** | **ORIGINATION DATE<br> [Enriched 07/05/2025]** | **ORIGINAL AMOUNT (€)<br> [Enriched 07/05/2025]** | **CURRENT GRACE PERIOD (Y/N)<br> [as of 30/04/2025]** |  | **TYPE OF GRACE PERIOD** |  | **GRACE PERIOD END DATE<br> [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 | 340000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 8/31/2024 | 10/31/2024 | 10/30/2025 | 3.526% | 3.250% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 30.000% | 0.000% | 0.000% | 6.776% | 0.000% | 0.000% | N/A | N/A | 6.776% | Y |
| 004914401030002353 | 2/9/2007 | 74000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 10/31/2024 | 12/9/2024 | 12/8/2025 | 2.936% | 1.000% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 30.000% | 0.000% | 0.000% | 3.936% | 0.000% | 0.000% | N/A | N/A | 3.936% | Y |
| 004915201030001375 | 2/26/2010 | 129000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/26/2025 | 2/25/2026 | 2.506% | 2.500% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 30.000% | 0.000% | 0.000% | 5.006% | 0.000% | 0.000% | N/A | N/A | 5.006% | Y |
| 004915221030000340 | 2/24/2020 | 41000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/28/2025 | 2/27/2026 | 2.506% | 3.900% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 30.000% | 0.000% | 0.000% | 6.406% | 0.000% | 0.000% | N/A | N/A | 6.406% | Y |
| 004915871030064910 | 1/16/2009 | 160000.00 | Y | Y | PRINCIPAL | PRINCIPAL | 5/16/2025 | Variable | Variable | Y | N/A | N/A | N/A | N/A | 1/15/2026 | N/A | N/A | N/A | EUR 12M | N/A | 2.000% | 5.000% | N/A | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 5.000% | 0.000% | 0.000% | N/A | N/A | 5.000% | Y |
| 004917371030006268 | 11/6/2015 | 395000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 9/30/2024 | 11/30/2024 | 11/29/2025 | 3.166% | 1.250% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 30.000% | 0.000% | 0.000% | 4.416% | 0.000% | 0.000% | N/A | N/A | 4.416% | Y |
| 004917401030004293 | 12/15/2006 | 196300.22 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 1/1/2025 | 1/1/2025 | 12/31/2025 | 2.506% | 1.200% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 3.706% | 0.000% | 0.000% | N/A | N/A | 3.706% | Y |
| 004917751030000501 | 5/17/2007 | 205000.00 | Y | Y | PRINCIPAL | PRINCIPAL | 1/26/2028 | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/26/2025 | 2/25/2026 | 2.406% | 0.000% | 2/26/2028 | EUR 12M | EUR 12M | 0.950% | N/A | N | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 2.406% | 0.000% | 0.000% | N/A | N/A | 2.406% | Y |
| 004923181030548379 | 7/31/2017 | 63578.92 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 3/31/2024 | 5/4/2024 | 5/3/2025 | 3.671% | 4.000% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 7.671% | 0.000% | 0.000% | N/A | N/A | 7.671% | Y |
| 004923401030502586 | 6/25/2007 | 255000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 4/30/2024 | 6/25/2024 | 6/24/2025 | 3.718% | 0.850% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 4.568% | 0.000% | 0.000% | N/A | N/A | 4.568% | Y |
| 004924561030476480 | 1/9/2018 | 60000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 11/30/2024 | 1/31/2025 | 1/30/2026 | 2.691% | 1.700% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 4.391% | 1.200% | 1.200% | INCREASES | INCREASES | 5.591% | Y |
| 004924671030484054 | 6/28/2007 | 64000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 8/31/2024 | 9/30/2024 | 9/29/2025 | 3.526% | 1.250% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 4.776% | 0.400% | 0.400% | DECREASES | DECREASES | 4.376% | Y |
| 004924961030485060 | 8/28/2007 | 345000.00 | Y | Y | PRINCIPAL | PRINCIPAL | 8/28/2025 | Variable | Variable | Y | N/A | N/A | N/A | N/A | 8/27/2025 | N/A | N/A | N/A | EUR 12M | N/A | 1.500% | 5.180% | N/A | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 5.180% | 0.000% | 0.000% | N/A | N/A | 5.180% | Y |
| 004925321030000415 | 1/21/2011 | 1258698.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 3/31/2024 | 4/30/2024 | 4/29/2025 | 3.669% | 3.000% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 6.669% | 0.000% | 0.000% | N/A | N/A | 6.669% | Y |
| 004926601030458050 | 3/31/2006 | 222000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 1/31/2024 | 3/31/2024 | 3/30/2025 | 3.679% | 0.750% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 15.000% | 15.000% | 0.000% | 0.000% | 4.429% | 0.000% | 0.000% | N/A | N/A | 4.429% | Y |
| 004927291030445237 | 8/7/2007 | 250000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 5/1/2024 | 5/1/2024 | 4/30/2025 | 3.718% | 1.450% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 5.168% | 0.000% | 0.000% | N/A | N/A | 5.168% | Y |
| 004929771030413961 | 2/24/2023 | 82000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/28/2025 | 2/27/2026 | 2.506% | 4.000% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 30.000% | 0.000% | 0.000% | 6.506% | 0.000% | 0.000% | N/A | N/A | 6.506% | Y |
| 004930111830427276 | 2/9/2012 | 564000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 1/7/2025 | 1/9/2025 | 1/8/2026 | 2.438% | 0.500% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 2.938% | 0.000% | 0.000% | N/A | N/A | 2.938% | Y |
| 004930351030000861 | 9/3/2007 | 630000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 1/31/2025 | 2/4/2025 | 2/3/2026 | 2.525% | 1.000% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 3.525% | 0.200% | 0.200% | DECREASES | DECREASES | 3.325% | Y |
| 004932241030403991 | 4/19/2006 | 215000.00 | Y | Y | PRINCIPAL | PRINCIPAL | 4/19/2026 | Variable | Variable | N | N/A | EUR 12M | 2/29/2024 | 4/19/2024 | 4/18/2025 | 3.609% | 0.250% | 4/19/2026 | EUR 12M | EUR 12M | 0.750% | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 3.859% | 0.000% | 0.000% | N/A | N/A | 3.859% | Y |
| 004933101030000146 | 3/17/2006 | 123000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/18/2025 | 2/17/2026 | 2.506% | 0.250% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 2.756% | 0.000% | 0.000% | N/A | N/A | 2.756% | Y |
| 004933761030001150 | 6/29/2006 | 125350.00 | N | #N/A | TOTAL | #N/A | 3/29/2025 | Variable | #N/A | N | 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 | Y | NOT ROUNDED - 0.000% | UNCAPPED | #N/A | 0.000% | #N/A | 3.900% | 0.000% | #N/A | N/A | #N/A | 3.900% | Y |
| 004938411030469741 | 5/18/2007 | 234000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/18/2025 | 2/17/2026 | 2.506% | 1.000% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 30.000% | 0.000% | 0.000% | 3.506% | 0.000% | 0.000% | N/A | N/A | 3.506% | Y |
| 004939711030422729 | 2/16/2007 | 211000.00 | Y | Y | PRINCIPAL | PRINCIPAL | 9/1/2026 | Variable | Variable | N | N/A | EUR 12M | 7/31/2024 | 12/1/2024 | 8/31/2025 | 3.650% | 0.250% | 9/1/2026 | EUR 12M | EUR 12M | 1.890% | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 3.900% | 0.000% | 0.000% | N/A | N/A | 3.900% | Y |
| 004942761030000780 | 9/21/2004 | 170000.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 2/29/2024 | 4/16/2024 | 4/15/2025 | 3.609% | 2.500% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | 30.000% | 30.000% | 0.000% | 0.000% | 6.109% | 0.000% | 0.000% | N/A | N/A | 6.109% | Y |
| 004943621030000007 | 2/20/2006 | 100777.00 | N | N | N/A | N/A |  | Variable | Variable | N | N/A | EUR 12M | 12/31/2024 | 2/20/2025 | 2/19/2026 | 2.506% | 1.000% | N/A | EUR 12M | EUR 12M | N/A | N/A | Y | NOT ROUNDED - 0.000% | UNCAPPED | UNCAPPED | 0.000% | 0.000% | 3.506% | 0.000% | 0.000% | N/A | N/A | 3.506% | Y |

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