...Red & Black Auto Germany 12 UG (haftungsbeschraenkt) The representations, warranties, and enforcement (RW&E) mechanisms contained in the transaction's offering documents that are available to investors for Red & Black Auto Germany 12 UG (haftungsbeschraenkt) (R&B 12) are substantially comparable to those typically contained in EMEA ABS, as described in Fitch Ratings' research Representations, Warranties and Enforcement Mechanisms in Global Structured Finance, dated 12 September 2024. For this transaction, representation and warranties are provided by Bank Deutsches Kraftfahrzeuggewerbe GmbH. The transaction's offering documents do not include the following RW&Es that Fitch considers typical for EMEA ABS transactions:...
