PANORAMA AUTO TRUST 2023-3 — Investor Relations & Filings

PANORAMA AUTO TRUST 2023-3 is a special purpose vehicle established for the purpose of asset-backed securitization. The trust is structured to acquire a portfolio of automotive receivables, including consumer and commercial auto loans or leases, and to issue various classes of debt securities to institutional investors. These securities are backed by the cash flows generated from the underlying pool of vehicle finance contracts. The trust's primary function is to facilitate the refinancing of automotive loan portfolios, providing liquidity to the originating financial institution while offering investors structured exposure to the performance of the underlying asset pool. The notes issued by the trust are typically categorized into different tranches with varying levels of credit enhancement and risk profiles.