Issuer

VCL Multi-Compartment S.A., acting for and on behalf of its Compartment VCL 35

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Summary

VCL Multi-Compartment S.A., acting for and on behalf of its Compartment VCL 35 represents the issuance of notes backed by a portfolio selected from a pool of receivables related to auto leases granted by Volkswagen Leasing GmbH, a wholly owned, indirect subsidiary of Volkswagen AG, to lessees resident or incorporated in the Federal Republic of Germany.