SCF Rahoituspalvelut X (Kimi 10) is the 10th public asset securitization of auto loan assets from Santander Consumer Finance S.A. (SCF) in Finland. Kimi 10 had a six-month revolving period after its closing. Following this phase, it began amortizing on a sequential basis. Now that the required 16% credit enhancement for class A notes has been achieved, payments are being made on pro rata basis. While interest payments for class A and B notes are made on time, class C-Dfrd notes can defer interest payments until it becomes the most senior class notes. The securitized assets primarily comprise auto loans for vehicles originated by SCF Oy Finland, a wholly owned subsidiary of Santander Consumer Bank AS, which is ultimately owned
