" ^ ( 33 : '3 8, 7-3 ; '33 8, 7 ( '8 0 - ' ( '8 0 0 8-1 c& > ( 33 0( 33 /, 1 FED ( 8 1 ( 0/ C - UT L K SR Q R L N M PJ O N L M KJ I G H Collateral Description p1 Asset Coer Test p6 Key parties and eents p7 Outstanding Coered Bonds p8 Amortisaition profile p9 Defaults Crédit Logement p10 a a` _!] [ \[X Z WY X" W "! % $! $ #" * 6 5, 1 0/ ( ( -, +* ( & ' * ' - 9 9 ' : 9 '3 * 6 5 > ' 13 < = @ - 0 1? @ - 0 ( 3-8 1 A ( 13 '8 9* 0 3 / = B : 6 B ' 0 ( ' 3 f& e 13 < = / @( b 0 1, 13 < = / @( b 0 1 c& > / / d, 13 < = / @( b 0 1 * ' - ( 3 > ' 3 : ' (* Crédit Logement is the leader for residential loan guarantees with a maret share of more than 50% (Crédit Logement 009 Annual Report! BNP Paribas french retail networ Personal Finance (french subsidiary - - Other subsidiaries
% \ # x { zl x y l w rq ] ˆ ˆ Œ ˆ Œ x { zl x y l w x y y n { ] ƒ ] ƒ l nu s t pm no m n l j gih!ƒ ~ } 0-5 075 101 618 >0%- 87 31 760 >50%- 3 16 33 951 >60%- 070 37 03 >70%- 5 31 533 >80%- 3 85 5 596 >85%- 3 79 7 6 >90%- 3 816 6 5 >95%- 670 17 736 Total 3 00 36 198 Š l nu s t y t y y n Ž h!ƒ 0 3 00 136 736 36 198 >0 - -
` a ««ª ª ² ± ± ± ² n µy{ ` a ««ª ª u l n t h Ÿ ž œ š ~ } ` < 1 3 530 3 73 350 0 503 75 30 36 719 839 70 3 516 637 378 58 683 910 3 730 6 37 86 30 3 87 0 8 6 8 910 1 5 68 756 89 1 169 863 1 391 1 83 61 13 191 591 1 37 1 579 1 917 559 1 8 1 139 6 133 Total 3 00 5 075 87 3 16 070 5 31 3 85 3 79 3 816 670 t ³ p h Ÿ ž œ š ~ } ` ^ ^ purchase 30 57 3 987 560 3 16 3 701 77 918 3 306 3 57 8 renoation 1 188 8 70 35 7 3 3 36 61 6 construction 756 6 197 55 3 506 3 387 99 180 Other / No data 0-0 - - - - - - - Total 3 00 5 075 87 3 16 070 5 31 3 85 3 79 3 816 670
` a ««ª ª º ^ n ¹ q µ ` a ««ª ª ^ n q µ ¹ ¹ t { µ h Ÿ ž œ š ~ } ` ^ º Owner occupied 7 91 7 5 939 3 56 13 697 85 69 1 980 Buy to let 591 60 06 77 398 66 5 733 1 036 583 acation / second home 1 696 3 169 199 16 53 135 1 131 107 Other / No data 0 - - - 0 0 - - - - Total 3 00 5 075 87 3 16 070 5 31 3 85 3 79 3 816 670 y n½ ¼ y y» h Ÿ ž œ š ~ } ` ^ º º Employed 1 70 3 085 1 780 180 595 3 06 100 09 7 1 699 Protected life-time employment 5 101 767 0 99 595 796 517 56 559 386 Self employed 769 7 390 69 59 713 3 508 567 398 Unemployed 1 80 316 16 179 7 67 16 179 177 131 Other 86 166 73 88 10 19 7 70 67 56 Total 3 00 5 075 87 3 16 070 5 31 3 85 3 79 3 816 670
x { zl x y l m Àl ` a ««ª ª l µ yu t n ¾ h Ÿ ž œ š ~ } ` Alsace 59 70 37 7 68 106 6 80 78 Aquitaine 1 750 6 1 15 193 81 196 3 190 19 Auergne 30 6 5 8 37 5 3 0 36 Basse-Normandie 51 7 37 7 67 3 51 53 38 Bourgogne 75 70 38 35 55 75 8 56 60 38 Bretagne 1 07 169 87 105 17 160 93 111 110 65 Centre 808 100 58 69 99 19 78 10 105 68 Champagne-Ardenne 35 7 8 38 56 39 3 7 31 Corse 135 17 1 11 16 11 15 15 16 Départements d'outre-mer 38 13 8 17 39 31 0 3 3 Franche-Comté 309 19 38 50 38 37 38 3 Haute-Normandie 800 110 60 70 88 13 90 93 10 65 Ile-de-France 1 311 00 1 170 1 38 1 505 1 806 1 00 1 168 1 1 960 Languedoc-Roussillon 1 508 190 111 13 17 3 15 19 179 1 Limousin 158 1 9 11 16 9 19 3 17 1 Lorraine 80 90 7 66 90 15 10 105 96 61 Midi-Pyrénées 1 531 18 107 10 176 57 163 190 183 133 No data 77 16 9 1 17 1 3 Nord-Pas-de-Calais 1 595 01 113 11 177 57 165 193 09 10 Pays de la Loire 1 99 10 10 11 163 131 133 13 90 Picardie 908 101 59 7 98 137 100 117 17 97 Poitou-Charentes 58 83 1 9 59 85 5 61 55 1 Proence-Alpes-Côte-d'Azur 3 69 57 319 01 5 553 350 376 387 5 Rhône-Alpes 580 377 13 5 318 05 75 30 19 Territoires d'outre-mer 15 1 0 1 1 1 Total 3 00 5 075 87 3 16 070 5 31 3 85 3 79 3 816 670
0 3 987 3 1 6 5 ûýüëüýþèÿ ðþ ÿëþèüëÿ ÁÃÂÅÄ ÆÈÇÊÉÌËÎÍiÍÏÆÅÄÑÐÒÇÊÓÏÆÊÔÑÕÖÆÅÍiÄ ( / " & (+&+ &,"-"& (+&+ & $%'&(*& # "!" tan ( Pr ÊØÖÙ ÚÌÛÖÙ ØÌÚÜ Ì Asset Coer Test Ratio Adjusted Aggregate Asset Amount ( AAAA Aggregate Coered Bond Outstanding Principal Amount ËÒéÜéÎêÌÕëÐÒìîíÒêÜïðÕÑêÌéÜÕñïÒêÌéÎòÒóÏÕõô ööëòéüéñ øiëîù óïú ÝÅÞ ßiàiáiáià âiãèäißiàåýæßêýèýæàiã âiäèâêýæàèçièiãèèiàiä ööëòéüé A = min(a1;a âiãèäißiàåýæßêýèýæàiã Adjusted Home Loan Outstanding Principal Amount 33 355 767 99 a*b 5 308 101 185 Unadjusted Home Loan Outstanding Principal Amount (a 3 00 136 736 Asset Percentage (b 7,00% Cash Collateral Account Aggregate Substitution Asset Amount (or ASAA ASAA leel limit 0,00% ÕÑïÒòÒê ASAA leel is acceptable Permitted Inestments Payments under Issuer Hedging Agreement Y is equal to: (i ZERO before any Issuer Hedging Agreement shall be entered into by the Issuer subject to, and in accordance with, the hedging Strategy (ii otherwise, an amount equal to the payments due under the Issuer Hedging Agreements (plus interest thereon within the period of alpha plus months preceding the releant Asset Coer Test Date where alpha means the period between interest payment dates (first day of such period included and last day of such period excluded under the releant Issuer Hedging Agreements ßÏÞ ßiß ßÏÞ ßiß ßÏÞ ßiß ßÏÞ ßiß
ƒ ~ ~} PGQ LF EM RKGQ H CD GFEE PGQ LF EM H CD GFEE A;B ^J\PH] XY Z[ WKK UTIS ^J\PH] XY Z[ WKK UTIS j ;?; na ff B; ha; A?; @? ff e> Aaf @ ^Pr[ XF HO rrqd qk[ HD E ]Fp[KE ^J\PH] XY Z[ WKK UTIS ^Pr[ XF HO rrqd qk[ HD E ]Fp[KE x z U y x X zog z \z{ U y z{ ^ry z\s]d z y zx ~ Œ ~ ƒš ƒ ~ ˆ~ NO H NO H H IJK E @ =>? :;< Sericer BNP Paribas SA and BNP Paribas Personal Finance A-1+ / P-1 / F1+ AA / Aa / AA- Administrator BNP Paribas SA A-1+ / P-1 / F1+ AA / Aa / AA- Cash Collateral Proider BNP Paribas SA A-1+ / P-1 / F1+ AA / Aa / AA- Issuer Account Ban BNP Paribas SA A-1+ / P-1 / F1+ AA / Aa / AA- Issuer Calculation Agent BNP Paribas SA A-1+ / P-1 / F1+ AA / Aa / AA- A@? m; c lab i; j g? ; >h >dd?< bc @B _` a; :;< U oo[f S[FF U oo[f S[FF Administrator Rating Trigger Eent Administrator s LT ratings fall below required leels uooo Substitution of the Administrator Issuer Accounts Ban Trigger Eent Issuer Account Ban s ST/LT ratings fall below required leels x y \zk E Substitution of the IssuerAccount Ban / Eligible Guarantor Sericing Rating Trigger Eent Sericer s LT ratings fall below required leels y uooo Substitution of the Sericer Affiliate Sericing Rating Trigger Eent Sericer s LT ratings fall below required leels y uooo Substitution of the Sericer Pre-Maturity Test Legal Liquidity Test Borrower s ST ratings fall below required leels Borrower s ST ratings fall below required leels x y U zxy ro H M D P F Cash Collateral Proider has to fund the Cash Collateral Account up to the Cash Collateral Required Funding Amount Cash Collateral Proider has to fund the Cash Collateral Account up to the Cash Collateral Required Funding Amount Issuer Calculation Agent Rating Eent Issuer Calculation Agent s LT ratings fall below required leels uooo Substitution of the issuer calculation Agent Calculation Monitoring Rating Trigger Eent BNP Paribas LT ratings fall below required leels uooo Monthly testing by the Asset Monitor of the accuracy of the Issuer Calculation Agent s calculations Hedging Rating Trigger Eent BNP Paribas ST / LT ratings fall below required leels zx y xxy \z{k E The Issuer will enter into the Hedging Agreement
8767$1',1*&9(5('%1'6 3XEOLF3ODFHPHQW ISIN Currency Outstanding Principal Amount in Euro Outstanding Principal Amount in Original Currency Scheduled Maturity Date Remaining Maturity Exchange rate Interest type Coupon Ž šœ$ Ÿž Ÿž ' ' # Ž# ž ª Ž šœ$ Ÿž Ÿž ž * # Ž# #ž ª Ž «ž šœ$ ž ž ž ' # Ž# # ž ª Ž «ž «ž šœ$,, ž ž # Ž #± šœ$²«#³µ # ž ª Ž «šœ$ ž ž ž * # Ž# # ž ª ««Ž ž ž ž «* # 'ž Ž# ž ª Ž ž ž šœ$ ž ž ' ž # Ž# ž ª Ž šœ$ ž ž ' ž # Ž# ª Ž šœ$ ž ž ' *!# Ž# ž ª Ž ž šœ$ ž ž ' ž # Ž# ª Ž šœ$,, «# Ž# ž ª Ž * šœ$ ž ž «ž # Ž# ž ª ¹œ žž Žºº, ¹» ž «Ÿ ž ' ž # # ' ž Ž# ª Ž šœ$, ž, ž # Ž# ž ª ž «Ž ¼ * ½ ž «# ' ž Ž# ž ª Ž ž «šœ$ ' # Ž# ž ª Currency Outstanding Principal Amount in Euro 3ULYDWH3ODFHPHQW Outstanding Principal Amount in Original Currency Exchange rate šœ$ «ž ««ž «¹šœ¾ «ž «
$057,6$7,135,/( 0 000 000 000 35 000 000 000 Coered Bond Outstanding Asset Pool Notional (prepayment rate 0% Asset pool Notional (prepayment rate 5% 30 000 000 000 5 000 000 000 0 000 000 000 15 000 000 000 10 000 000 000 5 000 000 000-036 035 03 033 03 031 030 09 08 07 06 05 0 03 0 01 00 019 018 017 016 015 01 013 01 011
ÑÍ Ð ÊÑÇ ÇË À Ð Ì ÄÏ ÊÂ Ì À ÊËÇ ÈÉ É ÅÆ Çà À Â ß Õ à âá ÝÜ Ú Ô ÓÒ ôõ øñù î ß å çæ ÝäÜ à â ÝäÜ øñù î ú ú ú ßß åå Öä Öä ÕÕ ß Õ ß Õ á à âá ÝÜ ÝÜ Ú Ú àüå àüå ûþ Õå ûþ ä Õå ä Ô ÓÒ Ô ÓÒ øñù î ßå çæ ßå çæ à â à â øñù î ú ß å ÿ Öä Õ ÇÇРàÀ ÈÃÇ ÅÅÎ ÅÄ ÀÇ Í ÄàÁÀ Á ìî ðï íó ôõ ðô ðìñ îò ìî ðï íó ðô ðìñ êë ìí ìîï îò ðìöî ìï ï êë ìí ìîï ðììî ìï ï äù ÞßÖ ãõü ßà ÞÕ ÛÜ ØÕÙ ÔÕÖ ßÙå Õ ÞÕ ßÙå áõ Þßà ãõü 0,80% 0,008 1999 : 13 M 1999 : 13 M 000 : 100 000 : 100 M 001 : 31 001 : 31 M 00 : 66 00 : 66 M 003 : 568 003 : 568 M 00 : 5801 00 : 5801 M 005 : 6768 005 : 6768 M 006 : 6979 006 : 6979 M 007 : 7369 007 : 7369 M 008 : 60 008 : 60 M 009 : 8673 009 : 8673 M 010 : 107 M 010 : 1367 M 0,70% 0,007 0,60% 0,006 0,50% 0,005 0,0% 0,00 0,30% 0,003 0,0% 0,00 0,10% 0,001 011 : 60 M 0 0,00% 0 1 3 5 6 7 8 9 10 11 1 0 1 3 5 6 7 8 9 10 11 1 ä ä é åõ é åõ ãßàö ãßàö èà èà ÕÖ Ù ÕÖ Ù ìî ðï íó ôõ ðô ðìñ îò ìî ðï íó ôõ ðô êë ìí ìîï ðìöî ìï ï ðìñ îò êë ìí ìîï ðììî ìï ï äù äù ÞßÖ ÞßÖ ãõü áà ãõü ßà ÞÕ ßà ÞÕ ÛÜ ÛÜ åõ åõ ÔàÖÙ ÔàÖÙ ØÕÙ ÔÕÖ ØÕÙ ÔÕÖ ßÙå ÝäÜ ßÙå ÝäÜ Õ ÞÕ Õ ÞÕ ßÙå ÝäÜ ßÙå áõ ÝäÜ áõ Þßà ãõü Þßà ãõü 1,0% 0,01 003 : 90 M 003 90 00 : 53 M 00 53 005 : 5 M 005 5 006 : 36 M 006 36 007 : 339 M 007 339 008 : 8 M 008 8 009 : 175 M 009 175 010 : 35 M 010 306 011 : 76 M 0,01 1,00% 0,01 0,80% 0,008 0,60% 0,006 0,0% 0,00 0,0% 0,00 0,00% 0 1 3 5 6 7 8 0 0 1 3 5 6 7 8 ä ÿ é åõ þãßàö ýþÿèà ÕÖ Ù Source : Crédit Logement NB: BNP Paribas Home Loan CB's eligibility criteria allows only for loan with no arrears in its coer pool (dynamic pool Collateral is tranferred to the issuer (BNP Paribas Home Loan CB upon occurrence of a Borrower Eent of Default (BNP Paribas SA