PANORAMA AUTO TRUST 2023-1 — Investor Relations & Filings

PANORAMA AUTO TRUST 2023-1 is a special purpose vehicle established for the purpose of an asset-backed securitization transaction. The trust's primary function involves the acquisition of a portfolio of automobile loan receivables and the issuance of debt securities to institutional investors. These securities are backed by the principal and interest cash flows derived from the underlying pool of consumer and commercial vehicle loans. The trust is structured to provide credit-enhanced investment opportunities through various tranches of notes, ranging from senior to subordinated positions. By isolating the loan assets, the vehicle facilitates capital efficiency and liquidity for the originating financial institution, operating under a framework designed to ensure bankruptcy remoteness and structured cash flow management for noteholders.