As of the end of January 2021 cut-off date, the preliminary collateral pool backing the notes comprised 27,386 loans, with a total discounted principal balance of about €546.5 million. The transaction documents set out the eligibility criteria for receivables in the pool. Simplified, these state that: The receivable must be payable in Euros; The receivable must have a positive net present value; The related loan agreement must have been entered into to finance the purchase of a new, ex-demo, or used car or light commercial vehicle; The borrower must have made at least one full payment under the loan agreement...