Rural Hipotecario XX, Fondo de Titulizacion de Activos

Rural Hipotecario XX, Fondo de Titulizacion de Activos is a special-purpose vehicle expected to be established as a Fondo de Titulización governed by Spanish regulations that will use the proceeds of the Series A Notes and Series B Notes to purchase a portfolio of first-lien residential mortgage loans from five Spanish rural savings banks at closing.