Sasfin : SASP S1 Investor report 31 August 2023

SASP S1 Investor Report

31-Aug-23

Information Date:	31-Aug-23
Period:	Aug-23
Period Number:	2

Deal Name:	South African Securitisation Programme (RF) Ltd - Series 1
Issuer:	South African Securitisation Programme (RF) Ltd - Series 1
	140 West Street
	Sandown, Sandton
	2196
	P.O Box 95104
	Grant Park, 2051
Seller of the Receivables:	Sasfin Bank Limited
Servicer Name:	Sasfin Bank Limited
Contact:	Contact: Mr Dhesegan Govender
	Phone: +27 ( 011) 809 7892
	Email: [e-mail]
Manager	Sasfin Bank Limited
	140 West Street
	Sandown, Sandton
	2196

Information Date:	31-Aug-23
Period:	Aug-23
Period Number:	2

Page	Tables of Contents

1. Additional Information
2. Table of Contents
3. Conterparties
4. Deal Overview
5. Balance Sheet and OC
6. Notes Information I.
7. Notes Information II.
8. Performance Test
9. Portfolio Covenants

1. Priority of Payments
2. Pool Movement (Rands)
3. Pool Movement (Deals)
4. Pool Stratification
5. Pool Ageing
6. Delinquency Contracts
7. Defaults
8. Excess Spread
9. CRD Retention
10. Note Interest and Details
11. Glossary

Information Date:	31-Aug-23
Period:	Aug-23
Period Number:	2

	Deal Name:
South African Securitisation Programme (RF) Limited - Series 1
Issuer:	Series Security SPV:
South African Securitisation Programme (RF) Ltd	Stonehage Flemming Corporate Services (Pty) Ltd
140 West Street	(Formerly Maitland Corporate Services (Pty) Ltd (MCS(SA))
Sandown, Sandton	STONEHAGE FLEMING FINANCIAL SERVICES (PTY) LTD
2196	First Floor North Block Waterway House
P.O Box 95104	3 Dock Road, Victoria & Alfred Waterfront
Grant Park, 2051	Cape Town
	8001
	South Africa
Series Seller, Servicer and Manager Name:	Transfering Agent:
Sasfin Bank Limited	Nedbank Limited
140 West Street	(a division of Nedbank Limited)
Sandown, Sandton	135 Rivonia Road
2196	Sandton, 2196
Contact: Mr M Sassoon	South Africa
	P.O Box 1144
	Johannesburg, 2000
Paying Agent:	Series Standby Servicer:
Nedbank Limited	Stonehage Flemming Corporate Services (Pty) Ltd
Braampark Forum IV	STONEHAGE FLEMING CORPORATE SERVICES (PTY) LTD
2nd Floor, 33 Hoofd Street	54 Glenhove Road
Braamfontein, 2001	Melrose Johannesburg
P.O Box 1144	South Africa
Johannesburg 2000	2196
Legal Adviser to the Arranger, the Issuer and the Security SPV:	Independent Audiors to the Issuer and the Security SPV and
Edward Nathan Sonnenbergs Inc.	Joint Independent Auditors to the Series Seller:
150 West Street	PricewaterhouseCoopers Inc
Sandown	4 Lisbon Lane
Sandton, 2196	Waterfall City
P.O Box 783347	2090
Sandton, 2146	Contact: Costa Natsas
Contact: Mr S Von Schirnding

Information Date:	31-Aug-23
Period:	Aug-23
Period Number:	2

Deal Overview
Reporting Period:	Aug 23
Reporting Date:	17-Aug-23	17 th of each month (for previous month)
Reporting Frequency:	Monthly
Period No.:	2
Interest Payment Dates:	17 Feb / 17 May / 17 Aug / 17 Nov
Next payment Date:	17-Sep-23
Asset Collection Period:	1-Aug-23	until	31-Aug-23
Note Interest Accrual Period:	17-Aug-23	until	17-Nov-23
	Outstanding	Number of
Pool Information	Principal
Contracts
	Balance
Outstanding Pool	2,019,645,509	26,311
Repurchased Operating Lease Contracts	-	-
(cumulative since Cut Off Date)	-	-
	Percentage of	Outstanding	Percentage of
Type of Equipment Lease	Leases	Balance
Principal Balance
	(%)	(%)
New	96.20%	1,901,078,355	94.13%
Used	3.80%	118,567,154	5.87%
Total	100.00%	2,019,645,509	100.00%