Cartesian Residential Mortgages 5 S.A.: Presale Report

DBRS Ratings GmbH (DBRS Morningstar) assigned provisional ratings to the notes to be issued by Cartesian Residential Mortgages 5 S.A. (Cartesian 5 or the Issuer). The Issuer is a securitisation collateralised by a portfolio of prime Dutch residential mortgage loans granted by Venn Hypotheken B.V. in the Netherlands. All of the loans in the portfolio are secured by a first-ranking mortgage right.