Selecting the Parties involved in arranging the transaction.

Analysing and presenting the credit history of the type of assets to be securitised:

delinquency, recoveries and prepayment statistics.

Selecting and Generating Information on the Assets.

Coordinating the External Audit of the selected assets:

determining the attributes to be audited, resolving incidents.

Reviewing

the operational procedures in place and determining those to be carried out on the securitised assets.

Organising

and assisting in the Rating Agencies’ operational review.

Processing with the Spanish Securities Market Commission

verification and registration of the constitution of the Fund.