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Trinity Square 2021-1 PLC (TSQ2021-1) is a securitisation of legacy owner-occupied (OO) and buy-to-let (BTL) mortgages originated by GE Money Home Lending Limited (GEHMLL) and GE Money Mortgages Limited (GEMLL). The transaction is a refinancing of the Trinity Square 2015-1 Plc (TSQ2015-1) and Trinity Square 2016-1 Plc (TSQ2016-1) issuance. Key Rating Drivers Additional Coronavirus Assumptions: ���������ֳ� has applied coronavirus assumptions to the mortgage portfolio (see EMEA RMBS: Criteria Assumptions Updated due to Impact of the Coronavirus Pandemic). The combined application of revised ‘Bsf’ representative pool weighted average foreclosure frequency (WAFF), revised rating multiples resulted in a multiple to the current FF assumptions of about 1.3x at ‘Bsf’. Performing Seasoned Loans: The WA portfolio seasoning is high at 14 years, with origination concentrated between 2004 and 2014. The OO loans (94.8% of the pool) contain a high proportion of self-certified, interest-only and loans with adverse credit history. ���������ֳ� therefore applied its non-conforming assumptions to this sub-pool.