BPM SECURITISATION 3 S.R.L.

Transcription

1 External Parties Servicer Banca Popolare di Milano S.c. a.r.l. Collection Account Bank Banca Popolare di Milano S.c. a.r.l. Account Bank and PPA BNP Paribas Securities Services Arranger BNP Paribas S.A. Finanziaria Internazionale Securitisation Group S.p.A. Table of Contents Page 1. Current Distributions Notes 2 2. Available Distribution Amount 3 3. Pre-Trigger Notice Priority of Payments 4 4. Post-Trigger Notice Priority of 5 Payments 5. Cash Reserve 6 6. Portfolio Information 7 7. CRD Information 13 Total Number of Pages 13 Dates Contacts Original Closing Date September 30, 2014 First Payment Date January 20, 2015 Payment Date October 20, 2016 Next Payment Date January 20, 2017 Legal Maturity Date January 20, 2057 Payment Frequency Quarterly Solidea Barbara Maccioni Relationship Manager Phone: Fax: solideabarbara.maccioni@db.com Address: Via Turati, 25/ Milano, Italy Period[Start] Period[End] Accrual Number of Days July 20, 2016 October 19, This Investor Report (the "Report") is prepared by AG, London Branch ("DB") for information purposes only. Certain information included in this Report (the "Third Party Information") is provided by Banca Popolare di Milano S.c. a.r.l. and in its capacity as Servicer/Swap Counterparty respectively. Please be advised that DB will have no liability for the Third Party Information and this Report is provided without any representations or warranties by DB as to the completeness or accuracy of such Third Party Information. Page 1 of 13

2 Current Distributions Notes Current Period Distribution Class ISIN Ccy Original Principal Balance Beginning Principal Balance Principal Total Distribution Beginning Pool Factor Ending Pool Factor Ending Principal Balance (1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3) A IT ,109,600, ,785, , ,801, ,312, ,983, Z IT ,700, ,700, ,700, Total 3,528,300, ,073,485, , ,801, ,312, ,683, Accrual Details Class DaysMethod Index Margin Rate (1) (2) (3) = (1) + (2) Beginning Principal Balance Prior Unpaid (4) Accrued (5) Total Due (6) = (4) + (5) Paid (7) Current Unpaid (8) = (6) - (7) A 92 Act/ % % % 654,785, , , , Z 92 Act/ % % % 418,700, Total 1,073,485, , , , Ratings Detail Class ISIN Code DBRS Moody's A IT AAA Aa2 Z IT Not Rated Not Rated Page 2 of 13

3 Available Distribution Amount Available Distribution Amount Issuer Available Funds 176,048, (a) All collections received or recovered by the Servicer 161,660, (b) All amounts of interest accrued (net of any withholding or expenses, if due) and paid -97, (c) All other payments received by the Originator 0.00 (d) Any amounts standing to the credit of the Cash Reserve Account and Payments Account 14,485, (e) All the proceeds deriving from the sale, if any, of the Portfolio 0.00 (f) Any amounts (if any) paid by the Originator to the Issuer pursuant to the Warranty and Indemnity Agreement 0.00 (g) Any amounts received by the Issuer from any party to the Transaction Documents 0.00 (h) Any profit generated by, or interest accrued and paid on, the Eligible Investments; 0.00 (i) all the amounts then standing to the credit of the Expenses Account 0.00 Page 3 of 13

4 Pre-Trigger Notice Priority of Payments Pre-Trigger Notice Priority of Payments Issuer Available Funds 176,048, (a) (i) Payment of Expenses 7, (ii) Payment to the Expenses Account up to Retention Amount 21, (b) Payment of Remuneration due to the Representative of Noteholders 1, (c) Payment on pro rata basis (i) Account Bank 1, (ii) Collections Account Bank 0.00 (iii) Cash Manager 0.00 (iv) Calculation Agent 2, (v) Paying Agent (vi) Issuer Corporate Servicer 7, (vii) Servicer 301, (viii) Back-up Servicer 0.00 (ix) Back-up Servicer Facilitator (if any) 1, (d) Payment of Class A Notes Amount 510, (e) Payment to Cash Reserve Account up to Required Cash Reserve Amount 14,392, (f) Payment of Class A Principal Amount 160,801, (g) To pay to the Originator any APP of transfer agreement 0.00 (h) to pay to BPM any amount due and payable under the Transaction Documents 0.00 (i) Payment of Class Z Principal Amount 0.00 (j) to pay the Premium payable on the Junior Notes 0.00 Page 4 of 13

5 Post-Trigger Notice Priority of Payments Post-Trigger Notice Priority of Payments Issuer Available Funds (a) Payment of Expenses (i) If Insolvency Event, to pay mandatory expenses relating to such Insolvency Event (ii) to pay, pari passu and pro rata according to the respective amounts thereof, any Expenses (b) Payment to the Expenses Account up to Retention Amount (c) Pari passu and Pro rata (i) Payment of Remuneration due to the Representative of Noteholders (ii) Any indemnity amount due to any receiver (d) Payment on pro rata basis (i) Account Bank (ii) Collections Account Bank (iii) Cash Manager (iv) Calculation Agent (v) Paying Agent (vi) Issuer Corporate Servicer (vii) Servicer (viii) Back-up Servicer (ix) Back-up Servicer Facilitator (if any) (e) Payment of Class A Notes (f) Payment of Class A Notes Principal (g) To pay to the Originator any Adjusted Purchase Price pursuant to clause 5 of the Receivables (h) To pay to BPM any amount due and payable under the Transaction Documents (i) Payment of Class Z Principal Amount (j) to pay the Premium payable on the Junior Notes Page 5 of 13

6 Cash Reserve Cash Reserve Account Cash Reserve Required Amount 14,392, Initial Balance 14,392, Draw-down 0.00 Closing Balance 14,392, Summary of the Balance of all the cash accoun Transaction Account 161,660, Expenses Account 8, Cash Reserve Account 14,392, Page 6 of 13

7 Portfolio Information Original Principal Balance (as per closing of the transaction) Number of Loans Percentage of Loans Original Principal Percentage of Balance Balance in EUR >= 0<10,000 5, % 122,390, % >= <20,000 2, % 110,823, % >= <30,000 1, % 87,552, % >= <40, % 66,531, % >= <50, % 46,783, % >= <60, % 53,029, % >= <70, % 42,365, % >= <80, % 42,532, % >= <90, % 39,336, % >= 90,000<100, % 27,754, % >= 100,000<150, % 144,995, % >= 150,000<200, % 100,573, % >= 200,000<250, % 66,512, % >= 250,000<300, % 68,047, % >= 300,000<350, % 57,725, % >= 350,000<400, % 40,124, % >= 400,000<450, % 32,574, % >= 450,000<500, % 37,390, % >= 500,000<750, % 124,565, % >= 750,000<1,000, % 82,476, % >= 1,00,000<1,500, % 115,244, % >= 1,500,000<2,000, % 93,690, % >= 2,000,000<2,500, % 36,750, % >= 2,500,000<3,000, % 34,350, % >= 3,000,000<3,500, % 37,621, % >=3,500,000<4,000, % 15,500, % >= 4,000,000<4,500, % 31,000, % >4,500, % 74,964, % Total 13, % 1,833,206, % Page 7 of 13

8 Industry Number of Loans Current Principal Percentage of Balance Balance in EUR CORP - Aerospace & Defense 4 28, % CORP - Automotive ,977, % CORP - Banking 15 1,967, % CORP - Beverage, Food & Tobacco 1,164 66,832, % CORP - Capital Equipment ,918, % CORP - Chemicals, Plastics, & Rubber ,328, % CORP - Construction & Building 3, ,020, % CORP - Consumer goods: Durable ,230, % CORP - Consumer goods: Non-durable ,425, % CORP - Containers, Packaging & Glass 83 6,324, % CORP - Energy: Electricity 26 24,257, % CORP - Energy: Oil & Gas 22 2,962, % CORP - Environmental Industries 67 6,091, % CORP - FIRE: Finance 4 1,043, % CORP - FIRE: Insurance 82 2,189, % CORP - Forest Products & Paper 46 6,182, % CORP - Healthcare & Pharmaceuticals ,492, % CORP - High Tech Industries 46 1,520, % CORP - Hotel, Gaming & Leisure 1,243 79,293, % CORP - Media: Advertising, Printing & Publishing ,650, % CORP - Media: Diversified & Production 4 89, % CORP - Metals & Mining ,375, % CORP - Retail ,840, % CORP - Services: Business ,546, % CORP - Services: Consumer ,015, % CORP - Sovereign & Public Finance 98 3,786, % CORP - Telecommunications , % CORP - Transportation: Cargo ,767, % CORP - Transportation: Consumer ,929, % CORP - Utilities: Electric , % CORP - Utilities: Oil & Gas 12 9,898, % CORP - Utilities: Water 21 1,700, % CORP - Wholesale 130 4,239, % CORP - Media: Broadcasting & Subscription 55 3,507, % CORP - No Data 5 25, % Total 13, ,562, % Page 8 of 13

9 Region Number of LoansPercentage of Balance Current Balance Percentage ABRUZZO % 2,373, % BASILICATA % 9, % CALABRIA % 125, % CAMPANIA % 23,217, % EMILIA ROMAGNA % 32,152, % FRIULI VENEZIA GIULIA % 6,278, % LAZIO 1, % 108,532, % LIGURIA % 7,168, % LOMBARDIA 8, % 557,202, % MARCHE % 3,849, % MOLISE % 1,268, % PIEMONTE 1, % 99,373, % PUGLIA % 54,294, % SARDEGNA % 623, % SICILIA % 5,084, % TOSCANA % 3,157, % UMBRIA % 31, % TRENTINO ALTO ADIGE % 2,938, % VALLE D'AOSTA % 111, % VENETO % 15,771, % Total 13, % 923,562, % Lease Purpose Secured 2, % 513,890, % Unsecured 10, % 409,672, % Total 13, % 923,562, % Property Type SMEs 1, % 324,114, % Corporate % 19,170, % Small Business 11, % 580,252, % Total 13, % 923,537, % Page 9 of 13

10 Remaining Maturity (in Years) 0<=1 5, % 77,794, % >1<=2 2, % 66,037, % > 2<=3 1, % 79,725, % > 3<=4 1, % 86,397, % > 4<= % 99,950, % > 5<= % 82,182, % > 6<= % 66,415, % > 7<= % 56,309, % > 8<= % 89,948, % > 9<= % 74,841, % > 10<= % 32,778, % > 11<= % 27,453, % > 12<= % 5,529, % > 13<= % 12,837, % > 14<= % 16,788, % > 15<= % 4,294, % > 16<= % 9,044, % > 17<= % 1,698, % > 18<= % 4,122, % > 19<= % 2,815, % > 20<= % 21,599, % > 25<= % 4,866, % > 30<= % 131, % > 35<= % % Total 13, % 923,562, % Principal Repayment Type Annuity (French amortisation) 13, % 921,394, % Linear % % Increasing installments % % Bullet % % Other % 2,168, % Total 13, % 923,562, % Cycle of Payment Bullet % % Monthly 12, % 677,184, % Quarterly % 166,807, % Semiannual % 79,570, % Annual % % Other % % Total 13, % 923,562, % Page 10 of 13

11 Seasoning (in Years) 0<=1 4, % 160,635, % >1<=2 2, % 132,261, % > 2<=3 1, % 58,313, % > 3<=4 1, % 66,729, % > 4<=5 1, % 85,806, % > 5<= % 104,827, % > 6<= % 108,165, % > 7<= % 66,110, % > 8<= % 62,790, % > 9<= % 28,461, % > 10<= % 49,151, % > 15<= % 310, % > % % Total 13, % 923,562, % Loan-to-Value Ratio =>0%<30% 1, % 201,945, % =>30%<35% % 56,244, % =>35%<40% % 43,237, % =>40%<45% % 52,096, % =>45%<50% % 43,257, % =>50%<55% % 18,802, % =>55%<60% % 20,643, % =>60%<65% % 20,989, % =>65%<70% % 10,523, % =>70%<75% % 12,459, % =>75%<80% % 4,973, % =>80%<85% % 8,196, % =>85%<90% % 6,641, % =>90%<95% % 2,875, % =>95%<100% % 3,598, % =>100%<105% % 1,806, % =>105%<110% % % Total 2, % 508,292, % Page 11 of 13

12 Borrower Concentration Borrower ID Current Principal Percentage of Balance Number of Loans Balance in EUR ,286, % ,140, % ,719, % ,632, % ,363, % ,225, % ,939, % ,775, % ,771, % ,754, % ,666, % ,391, % ,362, % ,295, % ,180, % ,064, % ,037, % ,791, % ,698, % ,548, % 4 Total 105,648, % 49 Portfolio Status Number of Loans Principal Outstanding (EUR) Performing Loans 12, ,437, Delinquent Loans 78 9,329, Defaulted Loans 201 7,057, Total Outstanding Pool 13, ,824, Page 12 of 13

13 CRD Information CRD II 5% Minimum Net Economic Retention (Y/N) Yes Page 13 of 13