Default rates for loan projects under the ECSP Regulation

Under Regulation (EU) 2020/1503 (ECSP- R), we are obliged to report default rates for granted loans arranged via our platform within the regulatory framework of this Regulation, in the manner specified by the Regulation.

We have not arranged any projects involving loan-based financing since 2024. For this reason, the following regulatory-mandated isolated analysis relates solely to the performance of the very few projects arranged in 2022 until the end of 2023 under the ECSP-R license and does not cover all debt financing projects arranged by us (e.g. as bonds).

According to the Regulation, the overview of the respective periods of observation does not include the volume of the projects but refers to the number of projects. The denominator specifies the number of all loan projects in progress at the start of the respective observation period for which there was no default at that time. The numerator specifies the number of loan projects included in the denominator for which there was at least one default during the observation period, as defined below.

Furthermore, an average default rate is provided, which considers the cumulative figures for all 12-month observation periods.

The tables do not include any projects for which no repayments were planned at all during the respective observation period, as no loans with such contractual provisions were arranged. In addition, no convertible loans are included.

In accordance with regulatory requirements, we consider a default to have occurred if

• the relevant project owner (loan-borrower) is more than 90 days in arrears with a payment obligation arising from the loan amounting to at least € 500 or 1 per cent of the total outstanding amount

or

• we (Oneplanetcrowd International B.V.) deem it unlikely that the project owner will make full payment without recourse to measures such as the enforcement of collateral.

Indicators of payment improbability include situations where the project owner seeks a distressed restructuring that is expected to lead to a significant waiver or deferral, or when insolvency or bankruptcy proceedings (or a comparable protective procedure) have been filed against the project owner’s assets.

Should the contractual terms of the loan allow the project owner to amend the repayment schedule within certain limits, or to suspend or defer payments under certain conditions, any payments made in accordance with the new repayment schedule shall not be deemed to be in arrears. The same applies if a new payment schedule has been validly agreed upon by the crowd investors (lenders of the loan) in accordance with the contractual provisions of the loan.