(b)

all underlying documentation that is essential for the understanding of the transaction, including but not limited to, where applicable, the following documents: the final offering document or the prospectus together with the closing transaction documents, excluding legal opinions; for traditional securitisation the asset sale agreement, assignment, novation or transfer agreement and any relevant declaration of trust; the derivatives and guarantee agreements, as well as any relevant documents on collateralisation arrangements where the exposures being securitised remain exposures of the originator; the servicing, back-up servicing, administration and cash management agreements; the trust deed, security deed, agency agreement, account bank agreement, guaranteed investment contract, incorporated terms or master trust framework or master definitions agreement or such legal documentation with equivalent legal value; any relevant inter-creditor agreements, derivatives documentation, subordinated loan agreements, start-up loan agreements and liquidity facility agreements; That underlying documentation shall include a detailed description of the priority of payments of the securitisation;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.