investor report - iccrea banca · 2021. 1. 19. · zenith service s.p.a. 6. class a2 coupon...
TRANSCRIPT
FROM: Calculation Agent
TO: IssuerCorporate Services ProviderRepresentative of the NoteholdersPrincipal Paying AgentServicersRating Agencies
Payment Date 12-gen-21
Investor Report Date 14-gen-21
Collection Period 01-set-20 30-nov-20
Interest Period 12-ott-20 12-gen-21
INVESTOR REPORT
[email protected] www.zenithservice.it
Via Vittorio Betteloni, 2 - 20131 Milan (Italy)
Phone +39 02 77 88 051 Fax +39 02 77 88 0599
CREDICO FINANCE 18 S.R.L.
Euro 90,000,000 Class A1 Asset Backed Floating Rate Notes due April 2057 Euro 200,000,000 Class A2 Asset Backed Floating Rate Notes due April 2057Euro 229,430,000 Class J Asset Backed Floating Rate Notes due April 2057
Zenith Service S.p.A. Cover Credico Finance 18 S.r.l.
1.1 Assets & Notes
Initial Portfolio: 519.422.619,98 Transfer Date 8-nov-19
LEI code SPV 8156004A5E13D53DFE50
The Notes:ISIN Code Currency
Nominal value per
Note (up to)Number of Notes Listing Issue Date Legal Maturity Rating DBRS Rating Moody‘s
Rating
Scope
Class A1 Notes IT0005391096 Euro 90.000.000,00 900,00 Euronext Dublin 5-dic-19 12-apr-57 AAA (sf) Aa3 AAASF
Class A2 Notes IT0005391146 Euro 200.000.000,00 2.000,00 Euronext Dublin 5-dic-19 12-apr-57 AAA (sf) Aa3 AAASF
Class J Notes several ISIN codes Euro 229.430.000,00 229.430,00 5-dic-19 12-apr-57
1. Assets and Notes Description
Zenith Service S.p.A. 1. Assets & Notes Description Credico Finance 18 S.r.l.
Back-up Servicer Calculation Agent
Zenith Service S.p.A Zenith Service S.p.A servicer <[email protected]> [email protected]
Corporate Services Provider Representative of the Noteholders
F2A S.r.l. Accounting Partners [email protected] [email protected]
Operating Bank
BNP Paribas Securities Services, Milan Branch ICCREA Banca [email protected] Petrocelli Tiziana <[email protected]>
Lucchetti Silvio <[email protected]>
Rating Agencies
DBRS [email protected]
Moody‘s [email protected]
Scope [email protected]
Banca di Credito Cooperativo di Recanati e Colmurano -
Società CooperativaBanca di Credito Cooperativo dei Colli Albani - Società
CooperativaBanca Mediocredito del Friuli Venezia-Giulia S.p.A.
Banca del Piceno Credito Cooperativo
Banca di Credito Cooperativo di Alba, Langhe, Roero e del
Canavese - Società Cooperativa
Credito Cooperativo Ravennate, Forlivese e Imolese -
Società CooperativaBanca di Credito Cooperativo di Ostra e Morro d’Alba -
Società Cooperativa
Banca Patavina Credito Cooperativo di Sant’Elena e Piove
di Sacco - Società CooperativaBanca di Credito Cooperativo di Pontassieve – Società
Cooperativa
Banca della Marca Credito Cooperativo - Società
Cooperativa
Banca di Credito Cooperativo Abruzzese - Cappelle sul
Tavo s.c.p.a. a Mutualità Prevalente
Banca Alpi Marittime Credito Cooperativo Carrù Società
Cooperativa per Azioni
2 - Counterparties & Distribution List
Agent Bank, Transaction Bank, Principal Paying
Agent and Cash Manager
Originator, Servicer, Class J Notes Subscribers and EMIL Banca Credito Cooperativo - Società CooperativaBCC Umbria Credito Cooperativo Società Cooperativa
Zenith Service S.p.A. 2. Distribution List Credico Finance 18 S.r.l.
Principal Amount
Outstanding
Unpaid
interest Interest Principal
Principal
Amount
Outstanding
Pool Factor Unpaid
Interest
05-dic-19 14-apr-20 14-apr-20 90.000.000,00 - 69.102,50 45.369.564,96 44.630.435,04 0,49589372 -
14-apr-20 13-lug-20 13-lug-20 44.630.435,04 - 40.167,39 18.350.416,90 26.280.018,14 0,2920002 -
13-lug-20 12-ott-20 12-ott-20 26.280.018,14 - 9.300,21 17.476.613,76 8.803.404,38 0,0978156 -
12-ott-20 12-gen-21 12-gen-21 8.803.404,38 - 1.597,33 8.803.404,38 - 0 -
3. Class A1 Notes Interest Payments and Principal Distribution
Interest Period Payment Date
Before payments Payments After payments
Zenith Service S.p.A. 3. Class A1 Payments Credico Finance 18 S.r.l.
Payment
Date
Beginning Balance
Principal Amount
Outstanding
Interest Rate +
margin Accrual Period
Accrued Interest
(Coupon Amount) Interest paid
Interest
Unpaid in this
period
Cumulative
Interest Unpaid
05-dic-19 14-apr-20 14-apr-20 90.000.000,00 0,211% 131 69.102,50 69.102,50 - -
14-apr-20 13-lug-20 13-lug-20 44.630.435,04 0,360% 90 40.167,39 40.167,39 - -
13-lug-20 12-ott-20 12-ott-20 26.280.018,14 0,140% 91 9.300,21 9.300,21 - -
12-ott-20 12-gen-21 12-gen-21 8.803.404,38 0,071% 92 1.597,33 1.597,33 - -
4. Class A1 Notes Coupon Calculation
Interest Period
Zenith Service S.p.A. 4. Class A1 Coupon Calculation Credico Finance 18 S.r.l.
Principal Amount
Outstanding
Unpaid
interest Interest Principal
Principal Amount
Outstanding Pool Factor Unpaid Interest
05-dic-19 14-apr-20 14-apr-20 200.000.000,00 - 313.672,22 - 200.000.000,00 1,00000000 -
14-apr-20 13-lug-20 13-lug-20 200.000.000,00 - 290.000,00 - 200.000.000,00 1,00000000 -
13-lug-20 12-ott-20 12-ott-20 200.000.000,00 - 182.000,00 - 200.000.000,00 1,00000000 -
12-ott-20 12-gen-21 12-gen-21 200.000.000,00 - 148.733,33 9.024.932,65 190.975.067,35 0,95487533 -
5. Class A2 Notes Interest Payments and Principal Distribution
Interest Period Payment
Date
Before payments Payments After payments
Zenith Service S.p.A. 5. Class A2 Payments Credico Finance 18 S.r.l.
Payment
Date
Beginning Balance
Principal Amount
Outstanding
Interest Rate +
margin Accrual Period
Accrued Interest
(Coupon Amount) Interest paid
Interest
Unpaid in this
period
Cumulative
Interest Unpaid
05-dic-19 14-apr-20 14-apr-20 200.000.000,00 0,431% 131 313.672,22 313.672,22 - -
14-apr-20 13-lug-20 13-lug-20 200.000.000,00 0,580% 90 290.000,00 290.000,00 - -
13-lug-20 12-ott-20 12-ott-20 200.000.000,00 0,360% 91 182.000,00 182.000,00 - -
12-ott-20 12-gen-21 12-gen-21 200.000.000,00 0,291% 92 148.733,33 148.733,33 - -
6. Class A2 Notes Coupon Calculation
Interest Period
Zenith Service S.p.A. 6. Class A2 Coupon Calculat Credico Finance 18 S.r.l.
Principal Amount
Outstanding Unpaid interest Interest Variable Return Principal
Principal Amount
Outstanding Pool Factor Unpaid Interest
05-dic-19 14-apr-20 14-apr-20 229.430.000,00 - 3.484.300,75 - - 229.430.000,00 1,00000000 -
14-apr-20 13-lug-20 13-lug-20 229.430.000,00 - 1.360.864,78 - - 229.430.000,00 1,00000000 1.391.732,22
13-lug-20 12-ott-20 12-ott-20 229.430.000,00 1.391.732,22 1.361.353,07 - - 229.430.000,00 1,00000000 4.175.196,64
12-ott-20 12-gen-21 12-gen-21 229.430.000,00 - 1.383.234,15 - - 229.430.000,00 1,00000000 -
*
*Due to the revision of the calculated amounts – among Class J Notes - related to the previous Payment Dates Interest of the Junior Notes, the total of the Unpaid Interest is equal to zero.
7. Class J Notes Interest Payments and Principal Distribution
Interest Period Payment
Date
Before payments Payments After payments
Zenith Service S.p.A. 7. Class J Payments Credico Finance 18 S.r.l.
Principal cash flow Interest cash flow
Penalty Interest
and other
penalties
Principal
Prepayments Repurchased Prepayment penalty Indemnity Recoveries Default Interest others Total
08-ott-19 29-feb-20 34.240.757,40 4.994.315,11 5.000,24 10.114.389,05 1.014.418,51 59.660,87 - - - - 50.428.541,18
01-mar-20 31-mag-20 11.137.749,32 1.806.341,95 3.055,43 3.557.386,78 3.655.280,80 13.151,69 - - - - 20.172.965,97
01-giu-20 31-ago-20 9.085.674,23 1.761.300,66 2.747,28 8.140.670,90 250.268,63 42.523,17 - - - - 19.283.184,87
01-set-20 30-nov-20 8.418.139,15 1.687.556,41 6.292,57 8.787.494,72 622.703,16 31.956,93 - - - - 19.554.142,94
8. Collections
Collection Period
Zenith Service S.p.A. 8. Collections Credico Finance 18 S.r.l.
(i) (ii) (iii) (iv) (v) (vi)
Payment Date Collections other amounts interest on the Accounts amounts received from
the Originators
other amounts paid
into the Payments
Account
Cash Reserves Total
14-apr-20 50.428.541,18 - 2.828,08- - - 7.380,02 50.433.093,12
13-lug-20 20.172.965,97 - 2.800,08- - - - 20.170.165,89
12-ott-20 19.283.184,87 - 3.267,92- - - - 19.279.916,95
12-gen-21 19.554.142,94 - 3.004,00- - - - 19.551.138,94
9. Issuer Available Funds
Zenith Service S.p.A. 9. Available Funds Credico Finance 18 S.r.l.
∑ (i)-(v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) (xv) (xvi) (xvii)
Payment Date
Expenses, Retention
Amount & Agents
Fees
Interest on the
Class A1 and
A2 Notes
Cash Reserve Principal Class
A1 Principal Class A2 indemnity Interest Accruals
Amounts due to
Originator or
Class J Notes
Subscriber
Amounts due to
Originator
Principal on
Subordinated
Loan
Interest on the
Class J Notes Principal Class J
Surplus to
Originator Total
14-apr-20 228.526,53 382.774,72 - 45.369.564,96 - - 960.546,14 7.380,02 - - 3.484.300,75 - - 50.433.093,12
13-lug-20 128.716,82 330.167,39 - 18.350.416,90 - - - - - - 1.360.864,78 - - 20.170.165,89
12-ott-20 250.649,91 191.300,21 - 17.476.613,76 - - - - - - 1.361.353,07 - - 19.279.916,95
12-gen-21 189.237,09 150.330,66 - 8.803.404,38 9.024.932,65 - - - - - 1.383.234,15 - - 19.551.138,94
10. Pre-Enforcement Priority of Payments
Zenith Service S.p.A. 10. Waterfall Pre-Enforcement Credico Finance 18 S.r.l.
∑ (i)-(v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) (xv)
Payment Date
Expenses, Retention
Amount & Agents
Fees
Interest on the
Class A1 and A2
Notes
Principal Class A1
and A2 indemnity
Interest Accruals
due to Originator
Amounts due to
Originator or Class
J Notes Subscriber
Amounts due to
Originator
Principal on
Subordinated Loan
Interest on the
Class J Notes Principal Class J
Surplus to
Originator Total
11. Post-Enforcement Priority of Payments
Zenith Service S.p.A. 11. Waterfall Post-Enforcement Credico Finance 18 S.r.l.
Cash Reserve at Issue Date:
Amount Date
11.607.380,02 05-dic-19
Payment DateBeginning Balance
Cash Reserve
amount drawn
down in the period
amount
replenished in the
period
Cash Reserve at the
Payment Date
Target Cash Reserve
Amount
05-dic-19 14-apr-20 14-apr-20 11.607.380,02 7.380,02 - 11.600.000,00 11.600.000,00
14-apr-20 13-lug-20 13-lug-20 11.600.000,00 - - 11.600.000,00 11.600.000,00
13-lug-20 12-ott-20 12-ott-20 11.600.000,00 - - 11.600.000,00 11.600.000,00
12-ott-20 12-gen-21 12-gen-21 11.600.000,00 - - 11.600.000,00 11.600.000,00
12. Cash Reserve
Interest Period
Zenith Service S.p.A. 12. Cash Reserve Credico Finance 18 S.r.l.
Portfolio 1 Portfolio 2 Portfolio 3 Portfolio 4 Portfolio 5 Portfolio 6 Portfolio 7 Portfolio 8 Portfolio 9 Portfolio 10 Portfolio 11 Portfolio 12 Portfolio 13 Portfolio 14
Parte A: PORTFOLIO BCC EMILBANCA BCC UMBRIA BCC BANCA DELLA MARCA BCC ABRUZZESE BCC ALPI MARITTIME BCC PICENO BCC Alba BCC Ravennate
BCC OSTRA E MORRO D
ALBABCC PATAVINA BCC PONTASSIEVE
BCC RECANATI E
COLMURANOBCC DEI COLLI ALBANI
BANCA MEDIOCREDITO DEL FRIULI
VENEZIA GIULIA
[1] Mortgages with no arrears
(a) Residual Principal 31.349.707,94 17.734.276,87 42.117.540,34 8.132.714,17 57.257.745,55 31.728.195,93 53.121.712,82 71.420.539,05 14.430.285,74 20.733.808,50 9.615.756,70 14.972.590,45 12.667.304,04 29.373.379,95 414.655.558,05
(b) Unpaid instalments - Principal -
(c) Unpaid instalments - Interest -
(d) Total (a+b+c) 31.349.707,94 17.734.276,87 42.117.540,34 8.132.714,17 57.257.745,55 31.728.195,93 53.121.712,82 71.420.539,05 14.430.285,74 20.733.808,50 9.615.756,70 14.972.590,45 12.667.304,04 29.373.379,95 414.655.558,05
[2] Past due mortgages (with arrears within 30 days)
(a) Residual Principal 158.717,46 497.993,49 1.397.904,52 159.249,83 65.830,45 236.171,93 142.195,20 29.963,61 557.558,37 460.033,82 3.705.618,68
(b) Unpaid instalments - Principal 2.027,03 3.851,06 5.795,74 5.049,76 1.080,76 2.773,73 1.204,46 1.824,01 2.838,54 - 26.445,09
(c) Unpaid instalments - Interest 301,40 1.100,66 3.087,95 165,14 48,59 629,26 54,02 97,39 2.010,81 1.131,23 8.626,45
(d) Total (a+b+c) - - 161.045,89 502.945,21 1.406.788,21 164.464,73 66.959,80 239.574,92 143.453,68 - 31.885,01 - 562.407,72 461.165,05 3.740.690,22
[3] Past due mortgages (with arrears from 30 to 60 days)
(a) Residual Principal 123.123,20 126.809,75 34.113,26 200.559,51 289.570,00 774.175,72
(b) Unpaid instalments - Principal 1.785,15 1.703,06 1.977,94 2.063,22 9.237,73 16.767,10
(c) Unpaid instalments - Interest 339,37 904,44 183,40 933,83 1.742,09 4.103,13
(d) Total (a+b+c) 125.247,72 129.417,25 - 36.274,60 203.556,56 300.549,82 - - - - - - - - 795.045,95
[4] Past due mortgages (with arrears from 60 to 90 days)
(a) Residual Principal 56.855,42 249.815,26 306.670,68
(b) Unpaid instalments - Principal 4.941,24 3.280,84 8.222,08
(c) Unpaid instalments - Interest 474,54 1.291,19 1.765,73
(d) Total (a+b+c) - - - 62.271,20 - - - - - - - - 254.387,29 - 316.658,49
[5] Past due mortgages (with arrears from 90 to 120 days)
(a) Residual Principal 7.662,91 347.910,31 355.573,22
(b) Unpaid instalments - Principal 823,41 11.951,64 12.775,05
(c) Unpaid instalments - Interest 65,33 5.841,29 5.906,62
(d) Total (a+b+c) - - - - 8.551,65 - - 365.703,24 - - - - - - 374.254,89
[6] Past Due mortgages (with arrears from 120 to 150 days)
(a) Residual Principal 167.302,89 167.302,89
(b) Unpaid instalments - Principal 231.783,66 231.783,66
(c) Unpaid instalments - Interest 14.955,03 14.955,03
(d) Total (a+b+c) - - - - - - - - - - - - - 414.041,58 414.041,58
[7] Past Due mortgages (with arrears from 150 to 180 days)
(a) Residual Principal -
(b) Unpaid instalments - Principal -
(c) Unpaid instalments - Interest -
(d) Total (a+b+c) - - - - - - - - - - - - - - -
[8] Past Due mortgages (with arrearslonger than 180 days)
(a) Residual Principal 56.739,08 105.864,07 41.525,44 204.128,59
(b) Unpaid instalments - Principal 3.200,82 7.431,78 7.260,00 17.892,60
(c) Unpaid instalments - Interest 488,22 3.998,02 1.007,36 5.493,60
(d) Total (a+b+c) - 60.428,12 117.293,87 - - 49.792,80 - - - - - - - 227.514,79
[9] Total collateral Portfolio (1+2+3+4+5+6)
(a) Residual Principal 31.472.831,14 17.917.825,70 42.382.121,87 8.721.676,34 58.863.872,49 32.218.541,20 53.187.543,27 72.004.621,29 14.572.480,94 20.733.808,50 9.645.720,31 14.972.590,45 13.474.677,67 30.000.716,66 420.169.027,83
(b) Unpaid instalments - Principal 1.785,15 4.903,88 9.458,81 10.770,24 8.682,37 21.547,49 1.080,76 14.725,37 1.204,46 - 1.824,01 - 6.119,38 231.783,66 313.885,58
(c) Unpaid instalments - Interest 339,37 1.392,66 4.299,42 1.758,60 4.087,11 2.914,59 48,59 6.470,55 54,02 - 97,39 - 3.302,00 16.086,26 40.850,56
(d) Total (a+b+c) 31.474.955,66 17.924.122,24 42.395.880,10 8.734.205,18 58.876.641,97 32.243.003,28 53.188.672,62 72.025.817,21 14.573.739,42 20.733.808,50 9.647.641,71 14.972.590,45 13.484.099,05 30.248.586,58 420.523.763,97
Parte A: PORTFOLIO
[1] Mortgages with no arrears
(a) BCE 310.692,56 6.774,48 65.304,03 382.771,07
(b) Euribor 1 mese 16.489.928,37 513.422,57 335.094,22 43.521.987,00 112.961,86 60.973.394,02
(c) Euribor 3 mesi 5.415.044,64 14.673.530,50 2.648.147,10 1.557.201,41 887.029,66 242.416,63 620.687,05 106.808,44 16.739.923,82 6.156.330,71 730.203,07 19.965.413,01 69.742.736,04
(d) Euribor 6 mesi 3.957.801,22 3.060.746,37 39.469.393,24 6.062.090,19 53.224.288,71 31.485.779,30 52.721.314,57 27.277.865,00 14.023.218,85 2.511.340,52 8.085.024,41 4.456.874,37 11.937.100,97 4.113.940,86 262.386.778,58
(e) Euribor 12 mesi -
(f) Tasso fisso 5.176.241,15 3.139.652,70 187.296,59 1.482.544,16 1.530.732,29 4.359.385,37 5.294.026,08 21.169.878,34
g) Other
Total 31.349.707,94 17.734.276,87 42.117.540,34 8.132.714,17 57.257.745,55 31.728.195,93 53.121.712,82 71.420.539,05 14.430.285,74 20.733.808,50 9.615.756,70 14.972.590,45 12.667.304,04 29.373.379,95 414.655.558,05
[2] Past Due mortgages (with arrears within 30 days)
(a) BCE -
(b) Euribor 1 mese 130.704,66 130.704,66
(c) Euribor 3 mesi 186.438,19 143.399,66 460.033,82 789.871,67
(d) Euribor 6 mesi 160.744,49 315.406,36 1.403.700,26 164.299,59 66.911,21 108.241,00 31.787,62 560.396,91 2.811.487,44
(e) Euribor 12 mesi -
(f) Tasso fisso -
g) Other
Total - - 160.744,49 501.844,55 1.403.700,26 164.299,59 66.911,21 238.945,66 143.399,66 - 31.787,62 - 560.396,91 460.033,82 3.732.063,77
[3] Past Due mortgages (with arrears from 30 to 60 days)
(a) BCE -
(b) Euribor 1 mese 124.908,35 124.908,35
(c) Euribor 3 mesi 128.512,81 128.512,81
(d) Euribor 6 mesi 36.091,20 202.622,73 298.807,73 537.521,66
(e) Euribor 12 mesi -
(f) Tasso fisso -
g) Other
Total 124.908,35 128.512,81 - 36.091,20 202.622,73 298.807,73 - - - - - - - - 790.942,82
[4] Past Due mortgages (with arrears from 60 to 90 days)
(a) BCE -
(b) Euribor 1 mese -
(c) Euribor 3 mesi -
(d) Euribor 6 mesi 61.796,66 253.096,10 314.892,76
(e) Euribor 12 mesi -
(f) Tasso fisso -
g) Other
Total - - - 61.796,66 - - - - - - - - 253.096,10 - 314.892,76
[5] Past Due mortgages (with arrears from 90 to 120 days)
(a) BCE -
(b) Euribor 1 mese 359.861,95 359.861,95
(c) Euribor 3 mesi -
(d) Euribor 6 mesi 8.486,32 8.486,32
(e) Euribor 12 mesi -
(f) Tasso fisso -
g) Other
Total - - - - 8.486,32 - - 359.861,95 - - - - - - 368.348,27
[6] Past Due mortgages (with arrears from 120 to 150 days)
(a) BCE -
(b) Euribor 1 mese -
(c) Euribor 3 mesi 210.908,73 210.908,73
(d) Euribor 6 mesi -
(e) Euribor 12 mesi -
(f) Tasso fisso 188.177,82 188.177,82
g) Other
Total - - - - - - - - - - - - - 399.086,55 399.086,55
[7] Past Due mortgages (with arrears from 150 to 180 days)
(a) BCE -
(b) Euribor 1 mese -
(c) Euribor 3 mesi -
(d) Euribor 6 mesi -
(e) Euribor 12 mesi -
(f) Tasso fisso -
g) Other
Total - - - - - - - - - - - - - - -
[8] Past Due mortgages (with arrearslonger than 180 days)
(a) BCE -
(b) Euribor 1 mese -
(c) Euribor 3 mesi -
(d) Euribor 6 mesi 59.939,90 113.295,85 48.785,44 222.021,19
(e) Euribor 12 mesi -
(f) Tasso fisso -
g) Other
Total - 59.939,90 113.295,85 - - 48.785,44 - - - - - - - - 222.021,19
Total Collateral Portfolio (1+2+3+4+5+6)
(a) BCE 310.692,56 - - - 6.774,48 - 65.304,03 - - - - - - - 382.771,07
(b) Euribor 1 mese 16.614.836,72 - - 513.422,57 - - 335.094,22 44.012.553,61 112.961,86 - - - - - 61.588.868,98
(c) Euribor 3 mesi 5.415.044,64 14.802.043,31 2.648.147,10 1.743.639,60 887.029,66 242.416,63 - 620.687,05 250.208,10 16.739.923,82 - 6.156.330,71 730.203,07 20.636.355,56 70.872.029,25
(d) Euribor 6 mesi 3.957.801,22 3.120.686,27 39.743.433,58 6.475.384,41 54.839.098,02 31.997.672,06 52.788.225,78 27.386.106,00 14.023.218,85 2.511.340,52 8.116.812,03 4.456.874,37 12.750.593,98 4.113.940,86 266.281.187,95
(e) Euribor 12 mesi - - - - - - - - - - - - - - -
(f) Tasso fisso 5.176.241,15 - - - 3.139.652,70 - - - 187.296,59 1.482.544,16 1.530.732,29 4.359.385,37 - 5.482.203,90 21.358.056,16
g) Other - - - - - - - - - - - - - - -
Total 31.474.616,29 17.922.729,58 42.391.580,68 8.732.446,58 58.872.554,86 32.240.088,69 53.188.624,03 72.019.346,66 14.573.685,40 20.733.808,50 9.647.544,32 14.972.590,45 13.480.797,05 30.232.500,32 420.482.913,41
Parte B: DEFAULTED CLAIMS
Current Period Defaulted Claims - - - - - - - - - - - - - -
Parte C: RECOVERIES ON DEFAULTED CLAIMS
Current Period Recoveries on defaulted Claims - - - - - - - - - - - - - -
9. Portafolio Information
Totale
13. Portfolio 1
Zenith Service S.p.A. 13. Portfolio1 Credico Finance 18 S.r.l.
Part C: DEFAULTED CLAIMS
December 2019 - February
2020- - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00%
March 2020 - May 2020 - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00%
June 2020 - August 2020 - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00%
September 2020 -
November 2020- - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00%
5 - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00%
6 - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00%
7 - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00%
8 - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00%
9 - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00%
10 - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00%
11 - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00%
…… - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00% - - 0,00%
Total - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Default Ratio 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00%
Total Portfolio Default - 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Default Ratio 0,00%
Part E: RECOVERIES ON DEFAULTED CLAIMS
December 2019 - February
2020- - - - - - - - - - - - - - - - - - - - - - - - - - - -
March 2020 - May 2020 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
June 2020 - August 2020 - - - - - - - - - - - - - - - - - - - - - - - - - - -
September 2020 -
November 2020- - - - - - - - - - - - - - - - - - - - - - - - -
5 - - - - - - - - - - - - - - - - - - - - - - - - - -
6 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
…… - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Total - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Total Portfolio Recoveries - 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Recovery Ratio #DIV/0!
BCC PONTASSIEVE BCC RECANATI E COLMURANO BCC DEI COLLI ALBANI BANCA MEDIOCREDITO DEL FRIULI VENEZIA GIULIA
Portfolio 10 Portfolio 11 Portfolio 12 Portfolio 13 Portfolio 14Portfolio 1 Portfolio 2 Portfolio 3 Portfolio 4 Portfolio 5 Portfolio 6 Portfolio 7 Portfolio 8 Portfolio 9
Collection period Defaulted Claims
Amount
Cumulative
Defaulted Claims Default Ratio
Defaulted Claims
Amount
Cumulative Defaulted
Claims AmountDefault Ratio
Defaulted Claims
Amount
Cumulative Defaulted
Claims AmountDefault Ratio
Defaulted
Claims
Cumulative
Defaulted
BCC PICENO BCC Alba BCC Ravennate BCC OSTRA E MORRO D ALBA BCC PATAVINABCC EMILBANCA BCC UMBRIA BCC BANCA DELLA MARCA
Cumulative
Defaulted Default Ratio
Defaulted Claims
Amount
Cumulative
Defaulted Default RatioDefault Ratio
Defaulted
Claims Amount
Cumulative
Defaulted Default Ratio
Defaulted
Claims
BCC ABRUZZESE BCC ALPI MARITTIME
Cumulative
Defaulted Default RatioDefault Ratio
Defaulted
Claims
Cumulative
Defaulted Default Ratio
Defaulted
Claims
Defaulted
Claims
Cumulative
Defaulted Claims Default Ratio
Defaulted
Claims
Cumulative
Defaulted Default Ratio
14. Portfolio2
Portfolio 1 Portfolio 2 Portfolio 3 Portfolio 4 Portfolio 5 Portfolio 6 Portfolio 7 Portfolio 8 Portfolio 9 Portfolio 10 Portfolio 11 Portfolio 12 Portfolio 13
Defaulted
Claims
Cumulative
Defaulted Default Ratio
Defaulted
Claims
Cumulative
Defaulted
Cumulative
Defaulted Default Ratio
Defaulted
Claims
Portfolio 14
BCC EMILBANCA BCC UMBRIA BCC BANCA DELLA MARCA BCC ABRUZZESE BCC ALPI MARITTIME BCC PICENO BCC Alba BCC Ravennate BCC OSTRA E MORRO D ALBA BCC PATAVINA BCC PONTASSIEVE BCC RECANATI E COLMURANO BCC DEI COLLI ALBANI BANCA MEDIOCREDITO DEL FRIULI VENEZIA GIULIA
Recoveries Ammount
on Defaulted Claims
Cumulative
Recoveries
Recoveries Ammount on
Defaulted Claims
Cumulative
Recoveries
Recoveries
Ammount on
Defaulted
Collection period
(quarterly)
Recoveries
Ammount on
Defaulted Claims
Cumulative
Recoveries
Recoveries Ammount
on Defaulted Claims
Cumulative
Recoveries
Recoveries
Ammount on
Defaulted
Cumulative
Recoveries
Recoveries
Ammount on
Defaulted
Cumulative
Recoveries
Recoveries
Ammount on
Defaulted Claims
Cumulative
Recoveries
Recoveries
Ammount on
Defaulted
Cumulative
Recoveries
Recoveries
Ammount on
Defaulted Claims
Cumulative
Recoveries
Recoveries
Ammount on
Defaulted
Cumulative
Recoveries
Recoveries
Ammount on
Defaulted Claims
Cumulative
Recoveries
Cumulative
Recoveries
Recoveries
Ammount on
Defaulted
Cumulative
Recoveries
Recoveries
Ammount on
Defaulted Claims
Cumulative
Recoveries
Zenith Service S.p.A. 14. Portfolio 2 Credico Finance 18 S.r.l.
BCC Junior Amount Class ISIN
1 EMIL BANCA -CRED.COOP.-SOC.COOP. 20.708.000 J1 IT0005391278
2 BCC UMBRIA CREDITO COOPERATIVO 9.054.000 J2 IT0005391286
3 BANCA DELLA MARCA 24.778.000 J3 IT0005391294
4 B.C.C. ABRUZZESE - CAPPELLE SUL TAVO 4.481.000 J4 IT0005391302
5 Banca Alpi Marittime Credito Coop.Carru' 30.612.000 J5 IT0005391310
6 Banca del Piceno 16.536.000 J6 IT0005391328
7 BCC Alba 28.462.000 J7 IT0005391344
8 LA BCC RAVENNATE, FORLIVESE E IMOL. 39.854.000 J8 IT0005391351
9 BCC DI OSTRA E MORRO D'ALBA S.C. 7.342.000 J9 IT0005391369
10 BANCA PATAVINA 10.981.000 J10 IT0005391377
11 BANCA CREDITO COOPERATIVO PONTASSIEVE 5.006.000 J11 IT0005391385
12 B.C.C. DI RECANATI E COLMURANO SOC.COOP. 8.317.000 J12 IT0005391393
13 BCC DEI COLLI ALBANI 6.569.000 J13 IT0005391401
14 BANCA MEDIOCREDITO DEL FRIULI VENEZ 16.730.000 J14 IT0005391419
15. Retention Rule - Net Economic Interest
[The Originator confirms that, at the date of this report, it continues to hold the net economic interest in accordance with option (3)(d) of article 6 of the Regulation (EU)
number 2017/2402]
Zenith Service S.p.A. 15. Retention Rule Credico Finance 18 S.r.l.
Payment
Date(i) Non payment:
(ii) Breach of
other
obligations:
(iii) Breach of
representatio
n and
warranties: :
(iv) Insolvency
of the Issuer:(v) Unlawfulness:
14-apr-20 NO NO NO NO NO
13-lug-20 NO NO NO NO NO
12-ott-20 NO NO NO NO NO
12-gen-21 NO NO NO NO NO
16. Trigger
Events of Default
Zenith Service S.p.A. 16.Trigger Credico Finance 18 S.r.l.