...Firstmac Asset Funding Trust No. 1 Series Auto No. 4 The representations, warranties, and enforcement (RW&E) mechanisms contained in the transaction's offering documents that are available to investors for Firstmac Asset Funding Trust No. 1 Series Auto No. 4 are substantially comparable with those typically contained in Australian ABS transactions, as described in Fitch Ratings' research, Representations, Warranties and Enforcement Mechanisms in Global Structured Finance, dated 12 September 2024. For this transaction, representations and warranties are provided by Firstmac Limited. The transaction's offering documents do not include the following RW&Es that Fitch considers typical for Australian ABS transactions: 1. Obligor Not Insolvent: As far as the seller is aware, the relevant obligor is not insolvent. 2. Maintenance: The borrower is obligated to keep the underlying asset in good repair and order. 3. Origination: Originated in the ordinary course of business. 4. Bankruptcy/Insolvency:...
