PRINCIPLE INVESTMENT SERVICES
RED BLACK ALTERNATIVE INVESTMENTS SPV (RBAI SPV)
Securitisation special purpose vehicle company, set up under the Article 3 of Law 130 dated 1999 ("Legge 130/1999"), which was included in the Bank of Italy's measure of 7 June 2017 (provisions on information and statistical obligations of vehicle companies involved in securitisation operations) at 35621.2.
The Securitization program started in 2019.The Notes have been fully subscribed by the company Red Black Alternative Advisory Srl (RBAA Srl), the current Noteholder and Asset manager of RBAI SPV, whose majority is controlled by Red Black Capital SA.
The Master corporate Servicer of RBAI SPV is responsible for the administration of RBAI and for reporting and communications to the Authorities (Bank of Italy). It also operates as calculation agent, payment agent and Representative of the Noteholder.
The servicing of the NPL portfolios purchased by RBAI SPV is performed by primary sub-servicers, specialized in the small and medium unsecured portfolios’ management.
KEY NOTE TERMS
