monthly report sc germany consumer 16-1 2016.12...sc germany consumer 2016-1 reporting date...

SC Germany Consumer 2016-1Monthly Investor Report

SC Germany Consumer 2016-1 Reporting Date 11.01.2017

Monthly Investor Report Payment Date 13.01.2017Period No 4

Cover Sheet Monthly Investor Report Monthly Period Jan 2017

Interest Period from 13.12.2016 to 13.01.2017 = 31 daysCollection Period from 01.12.2016 to 31.12.2016

Index Page

1. Portfolio Information 1

2. Reserve Accounts 2

3. Performance Data 3

4. Concentration Limits 4

5. Outstanding Notes 5

6. Original Principal Balance 6

6.1 Original PB (Graph) 7

7. Current Principal Balance 8

7.1 Current PB (Graph) 9

8. Borrower Concentration 10

9. Geographical Distribution 11

9.1 Geographical (Graph) 12

10. Collateral 13

11. Insurances 14

12. Payment Methods 15

13. Customer Yield 16

13.1 Customer Yield (Graph) 17

14. Seasoning 18

14.1 Seasoning (Graph) 19

15. Remaining Term 20

15.1 Remaining Term (Graph) 21

16. Original Term 22

16.1 Original Term (Graph) 23

17. Loan Concentration 24

18. Priority of Payments + Transaction Costs 25

19. Swap Counterparty Data 26

20. Retention 27

21. Santander Consumer Bank 28



1. Portfolio Information Monthly Period Jan 2017


current period previous period

Outstanding ReceivablesNo. of

ContractsAggregate Outstanding

Principal AmountAggregate Outstanding

Principal Amount

Beginning of Period 718.249.318,98 € 749.999.985,74 €

Scheduled Principal Payments 20.819.957,87 € Prepayment Principal 7.212.151,60 €

Total Principal Collections 28.032.109,47 € 31.561.402,46 €

Total Interest Collections 3.849.237,76 € 4.015.402,36 €

Defaults 599.685,74 € 189.264,30 €

Replenishment Amount* 58.755.260,87 € - €

End of Period 77.586 748.372.784,64 € 718.249.318,98 €

Purchase Shortfall Amount 1.627.215,36 € 31.750.681,02 €

Total Assets (End of Period) 750.000.000,00 € 750.000.000,00 €

Current Prepayment Rate (annualised) 11,4%

letter between SPV, Security Trustee and Originator.

*Due to technical reasons, the Cut-Off Date with respect to the Eligible Receivables to be offeredtogether with any Related Collateral in connection with the Replenishment will, in deviation from the Transaction Documents, be 2 January 2017 instead of 31 December 2016 as agreed in an amendment



2. Reserve Accounts Monthly Period Jan 2017


Note BalanceBeginning of Period 750.000.000,00 € End of Period 750.000.000,00 €

Reserve AccountsLiquidity Reserve in % Trigger Event y/nBeginning of Period 0,5% 3.750.000,00 € Cash Outflow - € Cash Inflow - € End of Period 0,5% 3.750.000,00 € Required Liquidity Reserve Fund 0,5% 3.750.000,00 €

Commingling Reserve in %Beginning of Period n/a noCash Outflow n/aCash Inflow n/aEnd of Period n/aRequired Commingling Reserve Fund n/a

Set-Off Reserve in %Beginning of Period n/a noCash Outflow n/aCash Inflow n/aEnd of Period n/aRequired Set-Off Reserve Fund n/a

Current Set-Off Amount n/aSet-Off Amount (per Loan) n/aSet-Off Amount (in % of Outstanding Balance) n/a



3. Performance Data Monthly Period Jan 2017


Note BalanceBeginning of Period 750.000.000,00 € End of Period 750.000.000,00 €

Delinquency Data and Ratios3-MRA* /

current ratio Amount at risk Overdue amountNumber of

Loans

3-MRA* 31- 60 days past due 0,15%31- 60 days past due period before previous period 206.123,10 € 9.296,41 € 1831- 60 days past due previous period 1.558.926,02 € 57.333,39 € 7931- 60 days past due current period 0,22% 1.663.283,61 € 66.859,95 € 111

3-MRA* 61-90 days past due 0,05%61- 90 days past due period before previous period 22.792,81 € 809,68 € 161- 90 days past due previous period 174.751,12 € 11.638,19 € 1461- 90 days past due current period 0,12% 901.950,95 € 48.536,59 € 48

3-MRA* 91-120 days past due 0,01%91- 120 days past due period before previous period - € - € 091- 120 days past due previous period 17.371,93 € 1.324,11 € 491- 120 days past due current period 0,02% 164.160,29 € 13.136,76 € 15

Default Data and Ratios Amount Number of Loans

Current DefaultCurrent Period Gross Default 599.685,74 € Current Period Recoveries 86,27 € Current Period Net Default 599.599,47 € New Number of Defaulted Contracts 33

Cumulative DefaultCumulative Gross Default 788.950,04 € Cumulative Recoveries 1.167,03 €- Cumulative Net Default 790.117,07 € Total Number of Defaulted Contracts 45

3-MRA* /current ratio Ratio

3-MRA* Annualised Loss Ratio (Neue Rechtsakten) 0,44%Annualised Loss Ratio period before previous period 0,00%Annualised Loss Ratio previous period 0,30%Annualised Loss Ratio current period 1,00% 1,00%

Principial Deficiency Principial Deficiency period before previous period - € Principial Deficiency previous period - € Principial Deficiency current period - €

* 3-MRA stands for three months rolling average



4. Concentration Limits Monthly Period Jan 2017


Portfolio Concentrations Minimum-Trigger Maximum-Trigger Current Value Trigger Breach

Average Yield (applicable for Total Portfolio) 6,20% - 6,68% no

Remaining Term (applicable for Total Portfolio) - 68,50 62,95 no

Early Amortisation Events Maximum-Trigger Current Value Trigger Breach

Cumulative Loss Ratio- prior to 30 September 2017 1,80% 0,10% no

Purchase Shortfall Event no Period before previous period 17,70 € Previous period 14,26 € Current period 31.750.681,02 €

Principal Deficiency Event - € no



5. Outstanding Notes Monthly Period Jan 2017


1. Note Balance All notes Class A Class B Class C Class D Class EGeneral Note Information ISIN Code XS1489761558 XS1489762366 XS1489762523 XS1489763091 XS1489763331 Currency EUR EUR EUR EUR EUR Initial Tranching in % 84,8% 5,8% 3,8% 1,5% 4,2% Legal Maturity Sep 2029 Sep 2029 Sep 2029 Sep 2029 Sep 2029 Expected Maturity Okt 2020 Apr 2021 Apr 2021 Apr 2021 Apr 2021 Original Rating (DBRS / S&P) AA (sf) / AA (sf) A (sf) / A (sf) BBB (sf) / BBB(sf) BB (sf) / BB (sf) Not rated Current Rating (DBRS / S&P)* AA (sf) / AA (sf) A (sf) / A (sf) BBB (sf) / BBB(sf) BB (sf) / BB (sf) Not rated Initial Notes Aggregate Principal Outstanding Balance 750.000.000,00 € 635.800.000,00 € 43.200.000,00 € 28.200.000,00 € 11.300.000,00 € 31.500.000,00 € Initial Nominal per Note 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € Initial Number of Notes per Class 6.358 432 282 113 315

Current Note Information Class Principal Outstanding Balance Beginning of Period 750.000.000,00 € 635.800.000,00 € 43.200.000,00 € 28.200.000,00 € 11.300.000,00 € 31.500.000,00 € Available Distribution Amount 63.632.114,52 € Replenishment 58.755.260,87 € Amortisation 0,00 € Redemption per Class 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € Redemption per Note 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € Class Principal Outstanding Balance End of Period 750.000.000,00 € 635.800.000,00 € 43.200.000,00 € 28.200.000,00 € 11.300.000,00 € 31.500.000,00 € Current Tranching 84,8% 5,8% 3,8% 1,5% 4,2% Current Pool Factor 1,00 1,00 1,00 1,00 1,00

2. Payments to Investors per Note All notes Class A Cl ass B Class C Class D Class E Interest Rate Basis: 1 M-Euribor / Fixed / Floating -0,371% 0,150% 0,650% 1,000% +500 bps +945 bps DayCount Convention 31 act/360 act/360 act/360 act/360 act/360 Interest Days Principal Outstanding per Note Beginning of Period 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 €> Principal Repayment per Note 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € Principal Outstanding per Note End of Period 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 €> Interest accrued for the period 82.145,36 € 24.179,04 € 24.283,02 € 45.042,93 € 246.267,00 € Interest Payment 82.145,36 € 24.179,04 € 24.283,02 € 45.042,93 € 246.267,00 € Interest Payment per Note 12,92 € 55,97 € 86,11 € 398,61 € 781,80 €

3. Credit Enhancements Class A Class B Class C Class D Class EInitial total CE (Subordination, Reserve) 15,23% 9,47% 5,71% 4,20% 0,00%Current CE (incl. Excess Spread) 21,25% 15,49% 11,73% 10,23% 6,03%Current CE (excl. Excess Spread) 15,23% 9,47% 5,71% 4,20% 0,00%

* Last rating action as of 27.09.2016



6. Original Principal Balance Monthly Period Jan 2017


Original Principal Balance (Ranges in EUR)

Original Principal Balance in EUR

Percentage of Total Balance Number of Loans

Percentage of Total Loans

0: 1999 8.083.934,15 0,89% 6.362 8,20% 2000: 3999 51.776.621,59 5,73% 18.052 23,27% 4000: 5999 64.136.303,91 7,10% 13.194 17,01% 6000: 7999 43.293.621,91 4,79% 6.369 8,21% 8000: 9999 37.080.073,04 4,10% 4.199 5,41%

10000: 11999 55.572.709,63 6,15% 5.198 6,70% 12000: 13999 42.407.233,73 4,69% 3.320 4,28% 14000: 15999 33.899.798,98 3,75% 2.262 2,92% 16000: 17999 35.186.463,88 3,89% 2.075 2,67% 18000: 19999 34.494.723,51 3,82% 1.819 2,34% 20000: 21999 35.549.273,02 3,93% 1.695 2,18% 22000: 23999 35.149.644,81 3,89% 1.530 1,97% 24000: 25999 36.025.262,69 3,99% 1.444 1,86% 26000: 27999 36.738.659,15 4,07% 1.361 1,75% 28000: 29999 36.349.852,27 4,02% 1.253 1,61% 30000: 31999 30.391.174,94 3,36% 982 1,27% 32000: 33999 26.558.968,28 2,94% 805 1,04% 34000: 35999 26.620.483,06 2,95% 761 0,98% 36000: 37999 23.937.552,76 2,65% 648 0,84% 38000: 39999 23.254.980,36 2,57% 597 0,77% 40000: 41999 20.725.444,97 2,29% 506 0,65% 42000: 43999 18.358.963,68 2,03% 427 0,55% 44000: 45999 18.140.552,11 2,01% 403 0,52% 46000: 47999 16.019.359,94 1,77% 341 0,44% 48000: 49999 15.133.348,86 1,67% 309 0,40% 50000: 51999 13.750.765,23 1,52% 270 0,35% 52000: 53999 13.891.451,16 1,54% 262 0,34% 54000: 55999 12.316.680,35 1,36% 224 0,29% 56000: 57999 10.994.869,39 1,22% 193 0,25% 58000: 59999 9.082.022,43 1,01% 154 0,20% 60000: 61999 7.795.281,41 0,86% 128 0,16% 62000: 63999 6.101.521,07 0,68% 97 0,13% 64000: 65999 5.333.196,10 0,59% 82 0,11% 66000: 67999 4.215.545,03 0,47% 63 0,08% 68000: 69999 2.964.057,09 0,33% 43 0,06% 70000: 71999 2.340.025,29 0,26% 33 0,04% 72000: 73999 2.630.621,56 0,29% 36 0,05% 74000: 75999 1.800.462,21 0,20% 24 0,03% 76000: 77999 922.453,36 0,10% 12 0,02% 78000: 79999 1.340.427,12 0,15% 17 0,02% 80000: 81999 569.057,39 0,06% 7 0,01% 82000: 83999 581.502,27 0,06% 7 0,01% 84000: 85999 764.484,74 0,08% 9 0,01% 86000: 87999 523.819,26 0,06% 6 0,01% 88000: 89999 89.807,17 0,01% 1 0,00% 90000: 91999 90.756,47 0,01% 1 0,00% 92000: 93999 92.619,95 0,01% 1 0,00% 98000: 99999 197.989,28 0,02% 2 0,00%

100001: 216.450,48 0,02% 2 0,00%Total 903.490.871,04 100,00% 77.586 100,00%

Statistics in EURAverage Amount 11.645,02



6.1 Original PB (Graph) Monthly Period Jan 2017


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7. Current Principal Balance Monthly Period Jan 2017


Current Principal Balance (Ranges in EUR)

Current Principal Balance in EUR



0: 1999 19.734.924,85 2,64% 17.844 23,00% 2000: 3999 47.320.133,51 6,32% 16.571 21,36% 4000: 5999 41.718.638,61 5,57% 8.577 11,05% 6000: 7999 37.862.901,67 5,06% 5.452 7,03% 8000: 9999 45.999.311,18 6,15% 5.127 6,61%

10000:11999 39.119.474,85 5,23% 3.572 4,60%12000:13999 31.511.575,24 4,21% 2.427 3,13%14000:15999 33.274.781,95 4,45% 2.220 2,86%16000:17999 34.101.934,69 4,56% 2.008 2,59%18000:19999 33.584.438,13 4,49% 1.770 2,28%20000:21999 33.158.283,05 4,43% 1.580 2,04%22000:23999 34.349.958,43 4,59% 1.495 1,93%24000:25999 33.055.274,26 4,42% 1.323 1,71%26000:27999 31.641.309,46 4,23% 1.173 1,51%28000:29999 26.717.560,90 3,57% 924 1,19%30000:31999 24.329.207,75 3,25% 785 1,01%32000:33999 24.730.008,43 3,30% 750 0,97%34000:35999 20.840.860,16 2,78% 596 0,77%36000:37999 19.041.508,45 2,54% 515 0,66%38000:39999 17.561.276,37 2,35% 451 0,58%40000:41999 16.680.086,15 2,23% 407 0,52%42000:43999 15.787.218,55 2,11% 367 0,47%44000:45999 13.625.959,62 1,82% 303 0,39%46000:47999 11.400.421,76 1,52% 243 0,31%48000:49999 11.769.379,60 1,57% 240 0,31%50000:51999 10.035.996,85 1,34% 197 0,25%52000:53999 9.159.747,60 1,22% 173 0,22%54000:55999 6.092.787,44 0,81% 111 0,14%56000:57999 5.017.700,03 0,67% 88 0,11%58000:59999 4.014.259,26 0,54% 68 0,09%60000:61999 3.838.840,53 0,51% 63 0,08%62000:63999 2.767.551,54 0,37% 44 0,06%64000:65999 2.273.610,49 0,30% 35 0,05%66000:67999 1.869.576,47 0,25% 28 0,04%68000:69999 761.427,62 0,10% 11 0,01%70000:71999 1.063.062,68 0,14% 15 0,02%72000:73999 946.167,68 0,13% 13 0,02%74000:75999 452.546,80 0,06% 6 0,01%76000:77999 231.805,03 0,03% 3 0,00%78000:79999 316.189,51 0,04% 4 0,01%

80001: 615.087,49 0,08% 7 0,01%

Total 748.372.784,64 100,00% 77.586 100,00%

Statistics in EURAverage Amount 9.645,72



7.1 Current PB (Graph) Monthly Period Jan 2017


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8. Borrower Concentration Monthly Period Jan 2017


NoCurrent Principal Balance in EUR


1 98.802,06 0,0132% 12 97.198,18 0,0130% 13 89.511,17 0,0120% 14 84.142,41 0,0112% 15 82.269,30 0,0110% 16 81.638,74 0,0109% 17 81.525,63 0,0109% 18 79.236,22 0,0106% 19 79.163,50 0,0106% 1

10 79.126,43 0,0106% 111 78.663,36 0,0105% 112 77.867,08 0,0104% 113 77.405,85 0,0103% 114 76.532,10 0,0102% 115 75.848,09 0,0101% 116 75.587,63 0,0101% 117 75.572,36 0,0101% 118 75.467,15 0,0101% 119 75.091,15 0,0100% 120 74.980,42 0,0100% 121 73.967,81 0,0099% 122 73.535,16 0,0098% 123 73.427,19 0,0098% 124 73.231,67 0,0098% 125 72.777,01 0,0097% 1

1.982.567,67 0,2649% 25



9. Geographical Distribution Monthly Period Jan 2017


StateCurrent Principal Balance in EUR



Baden-Württemberg 87.227.913,38 11,66% 9.294 11,98%Bayern 83.171.554,58 11,11% 9.631 12,41%Berlin 37.225.694,91 4,97% 3.906 5,03%Brandenburg 31.312.347,95 4,18% 3.382 4,36%Bremen 5.602.217,73 0,75% 581 0,75%Hamburg 13.839.224,14 1,85% 1.510 1,95%Hessen 54.177.514,42 7,24% 5.421 6,99%Mecklenburg-Vorpommern 25.090.702,08 3,35% 2.422 3,12%Niedersachsen 74.784.473,14 9,99% 7.538 9,72%Nordrhein-Westfalen 171.139.167,01 22,87% 16.736 21,57%Rheinland-Pfalz 36.807.389,11 4,92% 3.766 4,85%Saarland 9.432.657,05 1,26% 932 1,20%Sachsen 38.864.758,23 5,19% 4.170 5,37%Sachsen-Anhalt 31.225.888,91 4,17% 2.995 3,86%Schleswig-Holstein 22.951.479,47 3,07% 2.625 3,38%Thüringen 25.317.181,64 3,38% 2.657 3,42%n/a 202.620,89 0,03% 20 0,03%Total 748.372.784,64 100,00% 77.586 100,00%



9.1 Geographical Distribution (Graph) Monthly Period Jan 2017


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10. Collateral Monthly Period Jan 2017


CollateralCurrent Principal Balance in EUR



secured 167.035.790,62 22,32% 6.806 8,77%unsecured 581.336.994,02 77,68% 70.780 91,23%

Total 748.372.784,64 100,00% 77.586 100,00%



11. Insurances Monthly Period Jan 2017


Payment Protection Insurance




No 127.864.640,26 17,09% 27.763 35,78%Yes 620.508.144,38 82,91% 49.823 64,22%

Total 748.372.784,64 100,00% 77.586 100,00%



12. Payment Methods Monthly Period Jan 2017


Payment MethodCurrent Principal Balance in EUR



Direct Debit 736.796.862,26 98,45% 76.734 98,90%Other 11.575.922,38 1,55% 852 1,10%

Total 748.372.784,64 100,00% 77.586 100,00%

Cycle of PaymentCurrent Principal Balance in EUR



15th of month 191.860.675,54 25,64% 20.374 26,26%1st of month 556.512.109,10 74,36% 57.212 73,74%

Total 748.372.784,64 100,00% 77.586 100,00%



13. Customer Yield Monthly Period Jan 2017


Yield Range *Current Principal Balance in EUR



0: 0 1.029.778,67 0,14% 1.272 1,64% 1: 1 15.488.604,63 2,07% 10.836 13,97% 2: 2 22.484.148,40 3,00% 9.646 12,43% 3: 3 99.359.830,94 13,28% 13.389 17,26% 4: 4 73.397.936,81 9,81% 5.090 6,56% 5: 5 96.937.471,46 12,95% 6.110 7,88% 6: 6 87.983.136,47 11,76% 5.489 7,07% 7: 7 177.919.940,86 23,77% 12.454 16,05% 8: 8 107.191.782,75 14,32% 8.255 10,64% 9: 9 59.429.535,15 7,94% 4.365 5,63%10:10 5.841.229,57 0,78% 534 0,69%11:11 867.478,39 0,12% 84 0,11%12:12 391.966,70 0,05% 51 0,07%13:13 36.546,96 0,00% 9 0,01%14:14 13.396,88 0,00% 2 0,00%

Total 748.372.784,64 100,00% 77.586 100,00%

Statistics in %WA Interest 6,68%

*runs from .00 to .99



13.1 Customer Yield (Graph) Monthly Period Jan 2017


*runs from .00 to .99

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0: 0 1: 1 2: 2 3: 3 4: 4 5: 5 6: 6 7: 7 8: 8 9: 9 10:10 11:11 12:12 13:13 14:14

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14. Seasoning Monthly Period Jan 2017


Seasoning in Months




0: 2 2.829.200,92 0,38% 416 0,54% 3: 5 30.136.887,82 4,03% 3.143 4,05% 6: 8 231.182.748,12 30,89% 24.412 31,46% 9:11 239.431.268,94 31,99% 23.227 29,94%12:14 103.046.197,05 13,77% 10.402 13,41%15:17 58.069.717,95 7,76% 6.013 7,75%18:20 23.202.158,34 3,10% 2.653 3,42%21:23 19.594.083,04 2,62% 2.479 3,20%24:26 13.227.989,13 1,77% 1.658 2,14%27:29 14.968.829,39 2,00% 1.980 2,55%30:32 8.010.054,80 1,07% 685 0,88%33:35 1.238.766,04 0,17% 90 0,12%36:38 452.775,42 0,06% 48 0,06%39:41 914.644,28 0,12% 146 0,19%42:44 114.187,42 0,02% 11 0,01%45:47 275.739,44 0,04% 18 0,02%48:50 103.014,24 0,01% 12 0,02%51:53 239.909,49 0,03% 28 0,04%54:56 202.874,49 0,03% 21 0,03%57:59 193.529,86 0,03% 33 0,04%60:62 149.590,63 0,02% 19 0,02%63:65 250.174,22 0,03% 30 0,04%66:68 237.109,56 0,03% 23 0,03%69:71 176.744,20 0,02% 21 0,03%72:74 76.411,84 0,01% 8 0,01%75:77 33.305,86 0,00% 6 0,01%78:80 14.872,15 0,00% 4 0,01%

Total 748.372.784,64 100,00% 77.586 100,00%

StatisticsWA Seasoning 11,37



14.1 Seasoning (Graph) Monthly Period Jan 2017


0

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0: 2 3: 5 6: 8 9:11 12:14 15:17 18:20 21:23 24:26 27:29 30:32 33:35 36:38 39:41 42:44 45:47 48:50 51:53 54:56 57:59 60:62 63:65 66:68 69:71 72:74 75:77 78:80

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Seasoning in Months



15. Remaining Term Monthly Period Jan 2017


Remaining Term in Months




0: 6 2.461.861,85 0,33% 3.818 4,92% 7: 13 8.789.750,62 1,17% 5.876 7,57% 14: 20 18.394.669,69 2,46% 7.536 9,71% 21: 27 25.115.972,02 3,36% 8.132 10,48% 28: 34 39.295.092,73 5,25% 9.446 12,17% 35: 41 38.792.154,26 5,18% 5.240 6,75% 42: 48 47.162.536,19 6,30% 4.902 6,32% 49: 55 79.012.064,07 10,56% 6.726 8,67% 56: 62 63.679.779,38 8,51% 3.835 4,94% 63: 69 91.307.608,91 12,20% 5.118 6,60% 70: 76 91.730.867,99 12,26% 4.855 6,26% 77: 83 89.708.282,22 11,99% 4.851 6,25% 84: 90 126.432.505,65 16,89% 5.951 7,67% 91: 97 26.489.639,06 3,54% 1.300 1,68%

Total 748.372.784,64 100,00% 77.586 100,00%

StatisticsWA Remaining Term 62,95



15.1 Remaining Term (Graph) Monthly Period Jan 2017


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0: 6 7: 13 14: 20 21: 27 28: 34 35: 41 42: 48 49: 55 56: 62 63: 69 70: 76 77: 83 84: 90 91: 97

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Remaining Term in Months



16. Original Term Monthly Period Jan 2017


Original Term in Months




0: 13 1.993.006,89 0,27% 2.494 3,21% 14: 20 4.428.169,30 0,59% 3.297 4,25% 21: 27 17.023.332,44 2,27% 8.088 10,42% 28: 34 4.906.614,53 0,66% 1.146 1,48% 35: 41 51.943.613,58 6,94% 17.416 22,45% 42: 48 11.547.923,83 1,54% 1.545 1,99% 49: 55 54.791.105,12 7,32% 7.558 9,74% 56: 62 89.051.986,26 11,90% 8.678 11,19% 63: 69 32.642.321,82 4,36% 1.675 2,16% 70: 76 102.199.670,74 13,66% 6.309 8,13% 77: 83 38.488.232,87 5,14% 1.496 1,93% 84: 90 125.856.990,54 16,82% 7.450 9,60% 91: 97 118.582.517,61 15,85% 5.942 7,66% 98:104 93.623.172,70 12,51% 4.411 5,69%105:111 1.126.975,97 0,15% 70 0,09%112:118 91.460,48 0,01% 7 0,01%119:120 53.688,62 0,01% 3 0,00%121: 22.001,34 0,00% 1 0,00%

Total 748.372.784,64 100,00% 77.586 100,00%

StatisticsWA Original Term 74,31



16.1 Original Term (Graph) Monthly Period Jan 2017


0

20.000.000

40.000.000

60.000.000

80.000.000

100.000.000

120.000.000

140.000.000

0: 13 14: 20 21: 27 28: 34 35: 41 42: 48 49: 55 56: 62 63: 69 70: 76 77: 83 84: 90 91: 97 98:104 105:111 112:118 119:120 121:

Cur

rent

Prin

cipa

l Bal

ance

Original Term in Months



17. Loan Concentration Monthly Period Jan 2017


Loan Concentration



Percentage of Total Loans Number of Debtors

Percentage of Total Debtors

1: 1 742.643.901,34 99,23% 76.074 98,05% 76.074 99,04% 2: 2 5.558.942,77 0,74% 1.424 1,84% 712 0,93% 3: 3 157.153,67 0,02% 75 0,10% 25 0,03% 4: 4 9.119,82 0,00% 8 0,01% 2 0,00% 5: 5 3.667,04 0,00% 5 0,01% 1 0,00%Total 748.372.784,64 100,00% 77.586 100,00% 76.814 100,0 0%



18. Priority of Payments + Transaction Costs Monthly Period Jan 2017


Priority of Payments

Available Distribution Amount 63.632.114,52 € Senior Expenses - - € Net Swap Payments - 1.805,92 €- Interest Notes Class A - 82.145,36 € Interest Notes Class B - 24.179,04 € Interest Notes Class C - 24.283,02 € Interest Notes Class D - 45.042,93 € Interest Notes Class E - 246.267,00 € Replenishment - 58.755.260,87 € Payments to Purchase Shortfall Account - 1.627.215,36 € Principal Payments Class A - - € Principal Payments Class B - - € Principal Payments Class C - - € Principal Payments Class D - - € Principal Payments Class E - - € Payments to Commingling Reserve Ledger - n/a Payments to Set-Off Reserve Ledger - n/a Payments to Seller = 2.829.526,86 €

Transaction Costs All notes Class A Class B Class C Clas s D Class E Senior Expenses - € Interest accrued for the Period 421.917,35 €- 82.145,36 €- 24.179,04 €- 24.283,02 €- 45.042,93 €- 246.267,00 €- Cumulative Interest accrued 1.469.754,13 €- 286.110,00 €- 84.240,00 €- 84.600,00 €- 156.901,63 €- 857.902,50 €- Interest Payments 421.917,35 €- 82.145,36 €- 24.179,04 €- 24.283,02 €- 45.042,93 €- 246.267,00 €- Cumulative Interest Payments 1.469.754,13 €- 286.110,00 €- 84.240,00 €- 84.600,00 €- 156.901,63 €- 857.902,50 €- Unpaid Interest for the Period - € Cumulative Unpaid Interest - €



19. Swap Counterparty Monthly Period Jan 2017


Swap Counterparty Swap Counterparty Abbey National Treasury Services plc Swap Rating Trigger Breach no

Rating Trigger & Current RatingsConsequenses

LongTerm

ShortTerm

OutlookLongTerm

ShortTerm

OutlookTrigger breach

1st Rating TriggerCollateral, Guaranteeor Replacement BBB - BB - no

Current Counterparty Ratings - - - A A-1 NEG

Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap Abbey National Treasury Services plc Old Counterparty Abbey National Treasury Services plc Notional Amount 42.800.000,00 € FI Structuring Current Counterparty Abbey National Treasury Services plc Fixed Rate -0,4200% 2 Triton Square Floating Rate (Euribor) -0,3710% Regent's Place Net Swap Payments 1.805,92 € London, NW1 3AN Notional Amount next period 42.800.000,00 € United Kingdom

Ratings as of 31/12/2016, data source: Bloomberg

DBRS S & P



20. Retention Monthly Period Jan 2017


Outstanding Balance of the Class A Notes as of the Offer Date: 635.800.000,00 €635.800.000,00 €635.800.000,00 €635.800.000,00 €

Outstanding Balance of the Class B Notes as of the Offer Date: 43.200.000,00 €43.200.000,00 €

Outstanding Balance of the Class B Notes as of the end of the Monthly Period: 43.200.000,00 €43.200.000,00 €

Outstanding Balance of the Class C Notes as of the Offer Date: 28.200.000,00 €28.200.000,00 €

Outstanding Balance of the Class C Notes as of the end of the Monthly Period: 28.200.000,00 €28.200.000,00 €

Outstanding Balance of the Class D Notes as of the Offer Date: 11.300.000,00 €600.000,00 €

Outstanding Balance of the Class D Notes as of the end of the Monthly Period: 11.300.000,00 €600.000,00 €

Outstanding Balance of the Class E Notes as of the Offer Date: 31.500.000,00 €1.600.000,00 €

Outstanding Balance of the Class E Notes as of the end of the Monthly Period: 31.500.000,00 €1.600.000,00 €Outstanding Balance of the retained Class E Notes of the end of the Monthly Period:

Santander Consumer Bank AG confirms its compliance to have continuously retained a net economic interest in the SC Germany Consumer 2016-1 securitisation transaction of at least 5% of the securitised Purchased Receivables pursuant to Art. 405 of the CRR (Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013) by retaining no less than 5 % of the nominal value of each of the tranches sold or transferred to the investors.

Outstanding Balance of the Class A Notes as of the end of the Monthly Period:

Outstanding Balance of the retained Class B Notes as of the Offer Date:

Outstanding Balance of the retained Class A Notes as of the Offer Date:

Outstanding Balance of the retained Class A Notes of the end of the Monthly Period:

Outstanding Balance of the retained Class B Notes of the end of the Monthly Period:

Outstanding Balance of the retained Class C Notes as of the Offer Date:

Outstanding Balance of the retained Class C Notes of the end of the Monthly Period:

Outstanding Balance of the retained Class D Notes as of the Offer Date:

Outstanding Balance of the retained Class D Notes of the end of the Monthly Period:

Outstanding Balance of the retained Class E Notes as of the Offer Date:

SC Germany Consumer 2016-1 11.01.2017

Monthly Investor Report 13.01.20174

21. Counterparties Jan 2017

from 13.12.2016 to 13.01.2017 = 31 daysfrom 01.12.2016 to 31.12.2016

LongTerm

ShortTerm

OutlookLongTerm

ShortTerm

OutlookCounterparty

status

Join Lead Managers: UniCredit Bank AG - - - BBB *+ A-2 - performingArabellastraße 1281925 MünchenGermany

Banco Santander S.A. A R-1L STABLE A- A-2 STABLE performingSantander Global Banking and Markets2 Triton SquareRegent's PlaceLondon NW1 3ANUnited Kingdom

Paying Agent: Bank of New York Mellon AA R-1H STABLE AA- A-1+ STABLE performingCorporate Trust Administration One Canada SquareLondon E14 5ALEngland

Transaction Account: Bank of New York Mellon AA R-1H STABLE AA- A-1+ STABLE performingMesseturmFriedrich-Ebert-Anlage 4960327 Frankfurt am MainGermany

Transaction Security Trustee: Wilmington Trust (Lond on) Limited - - - - - - performingThird Floor, 1 King's Arms YardLondon EC2R 7AFUnited Kingdom

Data Trustee: Wilmington Trust (London) Limited - - - - - - performingThird Floor, 1 King's Arms YardLondon EC2R 7AFUnited Kingdom

Rating Agencies: Standard & Poor's Ratings Services DBRSStructured Finance Surveillance Team20 Canada Square 1 Minster CourtE14 5LH London London EC3R 7AAUnited Kingdom United Kingdom


DBRS S & P

Reporting Date

Payment DatePeriod No

Monthly Period

Interest PeriodCollection Period



22. Issuer Information Monthly Period 13.01.2017


Deal Name: SC Germany Consumer 2016-1

Issuer: SC Germany Consumer 2016-1 UG (haftungsbeschränkt)The Managing DirectorsSteinweg 3-560313 Frankfurt am MainGermanyeMail [email protected] +49 (0) 69 2992 5387

Seller of the Receivables: Santander Consumer Bank AG

Servicer Name: Santander Consumer Bank AG

Reporting Entity: Santander Consumer Bank AGCapital MarketsSantander-Platz 141061 MönchengladbachGermanyeMail [email protected] +49 (0) 2161 690 7077

SPV-Administrator: Wilmington Trust SP Services (Frankfurt) GmbHSteinweg 3-560313 Frankfurt am MainGermanyeMail [email protected] +49 (0) 69 2992 5387

SC Germany Consumer 2016-1 11.01.2017

Monthly Investor Report 13.01.20174

23. Santander Consumer Bank Jan 2017

from 13.12.2016 to 13.01.2017 = 31 daysfrom 01.12.2016 to 31.12.2016

Contact DetailsCapital MarketsPeter René Müller +49-2161-690-7337 [email protected] Schüring +49-2161-690-5464 [email protected] Menges +49-2161-690-7085 [email protected] Zilligen +49-2161-690-6069 [email protected] Daners +49-2161-690-7410 [email protected] Dahmen +49-2161-690-9453 [email protected] ABS [email protected]

Ratings SantanderLongTerm

ShortTerm

OutlookLongTerm

ShortTerm

Outlook

A R-1L STABLE A- A-2 STABLE

- - - BBB+ A-2 STABLE


Interest PeriodCollection Period

Reporting Date

Payment DatePeriod No

Monthly Period

Santander Consumer Finance S.A.

DBRS

Banco Santander S.A.

S & P