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Oodle in second used car HP securitisation

Dr P Singh
Feb 18, 2021
1 min read

Following on from its 2019 transaction, its 2020 offering also consisted of just HP contracts on second hand cars (fixed rate fully amortising with no residual value). Contracts can be up to 6o months, and LTVs up to 135%. HP customers are either prime or near prime.

The ABS pay SONIA so a cap has been inserted to hedge interest rate risk.

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