OFFERING CIRCULAR SUPPLEMENT CLARIS LIMITED as Issuer ...

APPENDIX C
Part II
Moody’s ABS Classification Table
Number Moody's ABS Type Moody’s ABS Classification Key Agent
36 Consumer ABS ABS – Consumer – Consumer ABS – Auto and Personal Lease Originator
37 Consumer ABS ABS – Consumer – Consumer ABS – Credit Card Originator
38 Consumer ABS ABS – Consumer – Consumer ABS – Student Loans Originator
39 RMBS ABS – Consumer – RMBS – First and Second Lien Prime Servicer
40 RMBS ABS – Consumer – RMBS – Midprime Servicer
41 RMBS ABS – Consumer – RMBS Subprime Servicer
44 Specific ABS – Specific – Specific – Tax Lien Servicer
45 Specific ABS – Specific – Specific – Mutual Fund Fees Manager
46 Specific ABS – Specific – Specific – Structured Settlement Servicer
47 Specific ABS – Specific – Specific – Utility Stranded Cost None
49 Specific ABS – Specific – Specific – IP (including Entertainment Royalties) Originator
50 Specific ABS – Specific – Specific – Dealer’s Floorplan Seller
52 CMBS ABS – Commercial Real Estate – CMBS – Conduit None
53 CMBS ABS – Commercial Real Estate – CMBS – Credit Tenant Lease None
54 CMBS ABS – Commercial Real Estate – CMBS – Large Loans None
55 REITs ABS – Commercial Real Estate – REITs – Hotel Manager
56 REITs ABS – Commercial Real Estate – REITs – Multi family Manager
57 REITs ABS – Commercial Real Estate – REITs – Office Manager
58 REITs ABS – Commercial Real Estate – REITs – Retail Manager
59 REITs ABS – Commercial Real Estate – REITs – Industrial Manager
60 REITs ABS – Commercial Real Estate – REITs – Healthcare Manager
61 REITs ABS – Commercial Real Estate – REITs – Self-storage Manager
For the purpose of this document, the “Moody’s ABS Classification” may include any of the following
(this list not being exhaustive):
“ABS Automobile Securities” means Asset Backed Securities that entitle the holders thereof to receive
payments that depend (except for rights or other assets designed to assure the servicing or timely
distribution of proceeds to holders of the Asset Backed Securities) on the cash flow from instalment sale
loans made to finance the purchase of, or from leases of, automobiles, generally having the following
characteristics: (1) the loans or leases may have varying contractual maturities; (2) the loans or leases are
obligations of numerous borrowers or lessors and accordingly represent a diversified pool of obligor credit
risk; (3) the repayment stream on such loans or leases is primarily determined by a contractual payment
schedule, with early repayment on such loans or leases predominantly dependent upon the disposition of the
underlying vehicle; and (4) such leases typically provide for the right of the lessee to purchase the vehicle
for its stated residual value, subject to payments at the end of lease term for excess mileage or use.
“ABS Car Rental Receivable Securities” means Asset Backed Securities that entitle the holders thereof to
receive payments that depend (except for rights or other assets designed to assure the servicing or timely
distribution of proceeds to holders of the Asset Backed Securities) on the cash flow from leases and
subleases of vehicles to car rental systems and their franchisees, generally having the following
characteristics: (1) the leases and subleases have varying contractual maturities; (2) the subleases are
obligations of numerous franchisees and accordingly represent a diversified pool of obligor credit risk; (3)
the repayment stream on such leases and subleases is primarily determined by a contractual payment
schedule, with early termination of such leases and subleases predominantly dependent upon the disposition
to a lessee or third party of the underlying vehicle; and (4) such leases or subleases typically provide for the
right of the lessee or sublessee to purchase the vehicle for its stated residual value, subject to payments at
the end of lease term for excess mileage or use.
“ABS CMBS Conduit Securities” means Asset Backed Securities (A) issued by a single-seller or
multiseller conduit under which the holders of such Asset Backed Securities have recourse to a specified
pool of assets (but not other assets held by the conduit that support payments on other series of securities)
and (B) that entitle the holders thereof to receive payments that depend (except for rights or other assets
designed to assure the servicing or timely distribution of proceeds to holders of the Asset Backed
Securities) on the cash flow from a pool of commercial mortgage loans generally having the following
characteristics: (1) the commercial mortgage loans have varying contractual maturities; (2) the commercial
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