<?xml version="1.0"?>
<Trade id="BGS1">
    <TradeType>BalanceGuaranteedSwap</TradeType>
    <Envelope>
        <CounterParty>CPTY</CounterParty>
        <NettingSetId>NS</NettingSetId>
        <AdditionalFields>
            <valuation_date>2025-02-10</valuation_date>
            <party_id>party</party_id>
        </AdditionalFields>
    </Envelope>
    <BalanceGuaranteedSwapData>
        <!-- security / tranche to which the notional of the BGS is linked -->
        <ReferenceSecurity>ISIN:XS0983610930</ReferenceSecurity>
        <!-- tranche notionals of the transaction (for cpr = 0) -->
        <Tranches>
            <Tranche>
                <Description>Class A</Description>
                <SecurityId>ISIN:XS0983610930</SecurityId>
                <!-- prepayments amortise the tranches in order of their seniority (1,2,3...) -->
                <Seniority>1</Seniority>
                <Notionals>
                    <Notional>1500000</Notional>
                    <Notional startDate="2022-12-27">1000000</Notional>
                    <Notional startDate="2023-12-28">900000</Notional>
                    <Notional startDate="2024-12-27">800000</Notional>
                    <Notional startDate="2025-12-27">700000</Notional>
                    <Notional startDate="2026-12-27">600000</Notional>
                    <Notional startDate="2027-12-28">500000</Notional>
                    <Notional startDate="2028-12-27">400000</Notional>
                    <Notional startDate="2029-12-27">300000</Notional>
                    <Notional startDate="2030-12-27">200000</Notional>
                    <Notional startDate="2031-12-28">100000</Notional>
                    <Notional startDate="2032-12-27">0</Notional>
                </Notionals>
            </Tranche>
            <Tranche>
                <Description>Class B</Description>
                <SecurityId>NA</SecurityId>
                <Seniority>2</Seniority>
                <Notionals>
                    <Notional>350000</Notional>
                    <Notional startDate="2022-12-27">300000</Notional>
                    <Notional startDate="2023-12-28">300000</Notional>
                    <Notional startDate="2024-12-27">300000</Notional>
                    <Notional startDate="2025-12-27">300000</Notional>
                    <Notional startDate="2026-12-27">300000</Notional>
                    <Notional startDate="2027-12-28">300000</Notional>
                    <Notional startDate="2028-12-27">300000</Notional>
                    <Notional startDate="2029-12-27">300000</Notional>
                    <Notional startDate="2030-12-27">300000</Notional>
                    <Notional startDate="2031-12-28">300000</Notional>
                    <Notional startDate="2032-12-27">200000</Notional>
                    <Notional startDate="2033-12-27">100000</Notional>
                    <Notional startDate="2034-12-27">000000</Notional>
                </Notionals>
            </Tranche>
            <ScheduleData>
                <Rules>
                    <StartDate>2021-12-27</StartDate>
                    <EndDate>2035-12-28</EndDate>
                    <Tenor>6M</Tenor>
                    <Calendar>TARGET</Calendar>
                    <Convention>MF</Convention>
                    <Rule>Forward</Rule>
                </Rules>
            </ScheduleData>
        </Tranches>
        <!-- BGS legs -->
        <LegData>
            <LegType>Fixed</LegType>
            <Payer>false</Payer>
            <Currency>EUR</Currency>
            <DayCounter>A360</DayCounter>
            <PaymentConvention>F</PaymentConvention>
            <Notionals>
                <Notional>1500000</Notional>
                <Notional startDate="2022-12-27">1000000</Notional>
                <Notional startDate="2023-12-28">900000</Notional>
                <Notional startDate="2024-12-27">800000</Notional>
                <Notional startDate="2025-12-27">700000</Notional>
                <Notional startDate="2026-12-27">600000</Notional>
                <Notional startDate="2027-12-28">500000</Notional>
                <Notional startDate="2028-12-27">400000</Notional>
                <Notional startDate="2029-12-27">300000</Notional>
                <Notional startDate="2030-12-27">200000</Notional>
                <Notional startDate="2031-12-28">100000</Notional>
                <Notional startDate="2032-12-27">0</Notional>
            </Notionals>
            <FixedLegData>
                <Rates>
                    <Rate>0.0040</Rate>
                </Rates>
            </FixedLegData>
            <ScheduleData>
                <Rules>
                    <StartDate>2021-12-27</StartDate>
                    <EndDate>2035-12-28</EndDate>
                    <Tenor>6M</Tenor>
                    <Calendar>TARGET</Calendar>
                    <Convention>MF</Convention>
                    <Rule>Forward</Rule>
                </Rules>
            </ScheduleData>
        </LegData>
        <LegData>
            <LegType>Floating</LegType>
            <Payer>true</Payer>
            <Currency>EUR</Currency>
            <DayCounter>A360</DayCounter>
            <PaymentConvention>MF</PaymentConvention>
            <Notionals>
                <Notional>1500000</Notional>
                <Notional startDate="2022-12-27">1000000</Notional>
                <Notional startDate="2023-12-28">900000</Notional>
                <Notional startDate="2024-12-27">800000</Notional>
                <Notional startDate="2025-12-27">700000</Notional>
                <Notional startDate="2026-12-27">600000</Notional>
                <Notional startDate="2027-12-28">500000</Notional>
                <Notional startDate="2028-12-27">400000</Notional>
                <Notional startDate="2029-12-27">300000</Notional>
                <Notional startDate="2030-12-27">200000</Notional>
                <Notional startDate="2031-12-28">100000</Notional>
                <Notional startDate="2032-12-27">0</Notional>
            </Notionals>
            <FloatingLegData>
                <Index>EUR-EURIBOR-6M</Index>
                <Spreads>
                    <Spread>0.0050</Spread>
                </Spreads>
                <Floors>
                    <Floor>0.0</Floor>
                </Floors>
                <IsInArrears>false</IsInArrears>
                <FixingDays>2</FixingDays>
            </FloatingLegData>
            <ScheduleData>
                <Rules>
                    <StartDate>2021-12-27</StartDate>
                    <EndDate>2035-12-28</EndDate>
                    <Tenor>6M</Tenor>
                    <Calendar>TARGET</Calendar>
                    <Convention>MF</Convention>
                    <Rule>Forward</Rule>
                </Rules>
            </ScheduleData>
        </LegData>
    </BalanceGuaranteedSwapData>
</Trade>
