SCL issues

Introduction to the Scandinavian Consumer Loan programme

• The Scandinavian Consumer Loan Program is a securitisation programme of Scandinavian consumer loans.
• Nordax is the Originator, Servicer and Cash Manager for all issues in the programme.
• SCL was closed on July 6, 2006. The underlying assets are constituted by a portfolio of Swedish unsecured consumer loans. SCL was called on June 15, 2011.
• SCL II was closed on July 5, 2011. The underlying assets are constituted by a portfolio of Norwegian unsecured consumer loans. SCL II was called on August 15, 2016.
• SCL III was closed on December 8, 2011. The underlying assets are constituted by a portfolio of Swedish unsecured consumer loans. SCL III was called on December 15, 2015.
• SCL IV was closed on June 5, 2014. The underlying assets are constituted by a portfolio of Norwegian unsecured consumer loans. SCL IV was called on June 15, 2017.
• SCL V was closed on November 5, 2015. The underlying assets are constituted by a portfolio of Swedish unsecured consumer loans. SCL V was called on November 15, 2018.
• SCL VI was closed on October 4, 2017. The underlying assets are constituted by a portfolio of Norwegian unsecured consumer loans. SCL VI was called on October 15, 2020.
• The programme targets institutional investors and aims to offer securitizations to the market regularly.
• Read about the issues here.