Special Terms and Conditions

Refinancing is granted for a period equivalent to that of the resources raised on the financial market through the issuance of securities. This period is renewable until final amortization, corresponding to the maturity of the loan granted by the P.I. (Participating Institution);
The refinancing amount is calculated based on the loan-to-value (LTV) ratio, which must not exceed 80% of the value of the mortgages serving as collateral;
The disbursement of funds must be carried out no later than one (1) month after the signing of the refinancing agreement between the SRH and the P.I., in the case of refinancing with recourse;
Fund disbursement conditions are determined jointly with each P.I. For refinancing with recourse, disbursement is executed against a promissory note (acknowledgement of debt) issued by the P.I.;
The refinancing rate is calculated based on the SRH's average cost of funds, taking into account the most representative securities on the market, plus a margin;
Repayment terms, as well as late payment penalties, management fees, commitment fees, and credit risk, shall be defined in the refinancing agreement;
Refinancing is automatically suspended in the event of non-compliance with contractual clauses;
Cancellation of the refinancing will follow if the suspension reaches a threshold of 30 consecutive days.

To benefit from SRH refinancing, the approved intermediary must:

Be approved by the SRH and, to this end, submit a file including economic and financial information to evaluate the suitability of such approval;
Hold the status of a licensed bank or financial institution in accordance with the legislation and regulations in force;
Maintain a real estate loan portfolio management system deemed satisfactory by the SRH, verified through on-site or off-site audits;
Provide two signatures of authorized officials empowered to legally bind the institution in question;
Allow the SRH to exercise its right to audit the portfolios of refinanced receivables. The SRH may request from the P.I. any additional information and technical assessments it deems necessary for this purpose.

The refinancing request must include the following information:

The corporate name and registered office of the P.I.;
Subscribed and paid-up capital;
The desired refinancing amount (the requested amount must not exceed 80% of the value of the collateral provided);
The list of borrowers;
The type of loans to be refinanced;
The requested refinancing duration.