Green Bond Framework for FlexiGroup Green ABS Notes

FlexiGroup Limited’s green ABS notes (the Green ABS Notes) will be used for re-financing solar receivables (including residential solar PV systems and supporting infrastructure including inverters, transformers, energy storage systems and control systems plus solar hot water systems) originally funded via bank-provided warehouse facilities held by FlexiGroup Limited (FlexiGroup), via term securitisations in the Australian asset backed securitisation market.

These solar receivables form part of larger portfolios of consumer receivables originated by Certegy Ezi-Pay Pty Ltd (Certegy), a wholly owned subsidiary of FlexiGroup. The underlying collateral backing Flexi ABS Trust term securitisations comprise portfolios of consumer receivables for financing home improvement products (including solar PV), jewellery, fitness and other small ticket goods with a maximum term of 60 months.

Flexi’s Green ABS Notes will meet the requirements for certification under the current version of the Climate Bonds Standard (Version 2.1). The underlying solar receivable assets will directly contribute to climate change mitigation by avoiding (or reducing) greenhouse gas emissions by generating renewable energy, reducing energy demand, improving energy efficiency or utilising renewable energy sources.

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January, 2019