sc germany auto 2014-2 monthly investor report · 2020. 8. 5. · sc germany auto 2014-2 reporting...

SC Germany Auto 2014-2

Monthly Investor Report

SC Germany Auto 2014-2 Reporting Date 10.11.2017

Monthly Investor Report Payment Date 13.11.2017

Period No 38

Cover Sheet Monthly Investor Report Monthly Period Nov 2017

Interest Period from 11.10.2017 to 13.11.2017 = 33 days

Collection Period from 01.10.2017 to 31.10.2017

Index Page

1. Portfolio Information 1

2. Reserve Accounts 2

3. Delinquency Data 3

4. Default Data 4

5. Concentration Limits 5

6. Outstanding Notes 6

7. Original Principal Balance 7

7.1 Original PB (Graph) 8

8. Current Principal Balance 9

8.1 Current PB (Graph) 10

9. Borrower Concentration 11

10. Geographical Distribution 12

10.1 Geographical (Graph) 13

11. Object / Vehicle / Distribution 14

12. Insurances 15

13. Contract Type 16

14. Payment Methods 17

15. Downpayment 18

16. Customer Yield 19

16.1 Customer Yield (Graph) 20

17. Seasoning 21

17.1 Seasoning (Graph) 22

18. Remaining Term 23

18.1 Remaining Term (Graph) 24

19. Original Term 25

19.1 Original Term (Graph) 26

20. Manufacturer Brands 27

21. Priority of Payments + Transaction Costs 28

22. Retention 29

23. Counterparties 30

24. Issuer Information 31

25. Santander Consumer Bank 32

Santander Consumer Bank AG

Santander-Platz 1

41061 Mönchengladbach



Period No 38

1. Portfolio Information Monthly Period Nov 2017



current period previous period

Outstanding ReceivablesNo. of

Contracts

Aggregate Outstanding

Principal Amount

Aggregate Outstanding

Principal Amount

Beginning of Period 362.661 2.999.999.999,87 € 2.999.999.999,90 €

Scheduled Principal Payments 73.716.968,60 €

Prepayment Principal 38.327.509,24 €

Others 2.573.324,28 €

Total Principal Collections 114.617.802,12 € 114.394.027,51 €

Total Interest Collections 13.797.564,03 € 13.946.603,65 €

Defaults 592.133,77 € 605.294,42 €

Replenishment Amount 115.209.935,51 € 114.999.321,90 €

End of Period 363.100 2.999.999.999,49 € 2.999.999.999,87 €

Purchase Shortfall Amount 0,51 € 0,13 €

Total Assets (End of Period) 3.000.000.000,00 € 3.000.000.000,00 €

Current Prepayment Rate (annualised) 14,3%


Santander-Platz 1




Period No 38

2. Reserve Accounts Monthly Period Nov 2017



Note BalanceBeginning of Period 3.000.000.000,00 €

End of Period 3.000.000.000,00 €

Reserve AccountsReserve Account in % Trigger Event y/n

Beginning of Period 1,00% 30.000.000,00 €

Cash Outflow - €

Cash Inflow - €

End of Period 1,00% 30.000.000,00 €

Required Reserve Fund 1,00% 30.000.000,00 €

Commingling Reserve in %

Beginning of Period n/a no

Cash Outflow n/a

Cash Inflow n/a

End of Period n/a

Required Commingling Reserve Fund n/a

Set-Off Reserve in %

Beginning of Period n/a no

Cash Outflow n/a

Cash Inflow n/a

End of Period n/a

Required Set-Off Reserve Fund n/a

Current Set-Off Amount n/a

Set-Off Amount (per Loan) n/a

Set-Off Amount (in % of Outstanding Balance) n/a


Santander-Platz 1




Period No 38

3. Delinquency Data Monthly Period Nov 2017




End of Period 3.000.000.000,00 €

Delinquency Data and Ratios3-MRA* /

current ratio Amount at risk Overdue amount

Number of

Loans

3-MRA* 1- 30 days past due 0,26%

1- 30 days past due period before previous period 10.811.925,83 € 505.299,21 € 1146

1- 30 days past due previous period 5.591.989,26 € 282.231,92 € 610

1- 30 days past due current period 0,23% 6.793.381,90 € 376.420,61 € 773

3-MRA* 31- 60 days past due 0,20%




3-MRA* 61-90 days past due 0,07%









121- 150 days past due period before previous period 771.354,04 € 102.167,11 € 80

121- 150 days past due previous period 895.285,18 € 96.927,13 € 86

121- 150 days past due current period 0,02% 569.857,70 € 68.161,16 € 67


151- 180 days past due period before previous period 844.482,82 € 123.810,54 € 83

151- 180 days past due previous period 646.546,00 € 126.941,38 € 72

151- 180 days past due current period 0,02% 672.330,72 € 122.046,24 € 70

* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 38

4. Default Data Monthly Period Nov 2017




End of Period 3.000.000.000,00 €

Default Data and Ratios Amount Number of Loans

Current Default

Current Period Gross Default 592.133,77 €

Current Period Recoveries 102.079,99 €

Current Period Net Default 490.053,78 €

New Number of Defaulted Contracts 80

Cumulative Default

Cumulative Gross Default 15.548.360,37 €

Cumulative Recoveries 2.631.727,61 €

Cumulative Net Default 12.916.632,76 €

Total Number of Defaulted Contracts 2.263

3-MRA* /

current ratio Ratio

3-MRA* Annualised Net Default Ratio (New Default) 0,18%

Annualised Loss Ratio period before previous period 0,16%

Annualised Loss Ratio previous period 0,19%

Annualised Loss Ratio current period 0,20% 0,20%

Principal Deficiency Trigger Event y/n

Principal Deficiency period before previous period - € no

Principal Deficiency previous period - €

Principal Deficiency current period - €

PDL Trigger 7.500.000,00 €

Repurchased Assets

Current Repurchased Asset Amount through breach of warranty or voluntary buyback - €

Cumulative Repurchased Asset Amount through breach of warranty or voluntary buyback - €

* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 38

5. Concentration Limits Monthly Period Nov 2017



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

New Vehicles (applicable for Replenishment Portfolio) 35,00% - 35,01% no

Average Yield (applicable for Total Portfolio) 4,25% - 4,46% no

Contracts with Balloon Rates (applicable for Total Portfolio) - 30,00% 26,37% no

Remaining Term (applicable for Total Portfolio) - 62,50 44,79 no

Online Business (applicable for Total Portfolio) - 10,00% 0,00% no

Loans with Original Term of more than 90 months (applicable for Total Portfolio) - 37,00% 30,90% no

Early Amortisation Events Maximum-Trigger Current Value Trigger Breach

Cumulative Loss Ratio

- prior to or on 31 August 2015 0,75% - -



- prior to or on 31 August 2018 2,25% 0,18% no

Purchase Shortfall Event no

Period before previous period 1,37 €

Previous period 0,10 €

Current period 0,13 €

Principal Deficiency Event no


Santander-Platz 1




Period No 38

6. Outstanding Notes Monthly Period Nov 2017



1. Note Balance All notes Class A Class BGeneral Note Information

ISIN Code XS1107063676 XS1107063593

Currency EUR EUR

Initial Tranching in % 96,50% 3,50%

Legal Maturity Aug 2030 Aug 2030

Expected Maturity Jul 2022 Jul 2022

Original Rating (DBRS / S&P) A(sf) / A(sf) Not rated

Current Rating (DBRS / S&P)* A (high) (sf) / A(sf) Not rated

Initial Notes Aggregate Principal Outstanding Balance 3.000.000.000,00 € 2.895.000.000,00 € 105.000.000,00 €

Initial Nominal per Note 100.000,00 € 100.000,00 €

Initial Number of Notes per Class 28.950 1.050

Current Note Information

Class Principal Outstanding Balance Beginning of Period 3.000.000.000,00 € 2.895.000.000,00 € 105.000.000,00 €

Available Distribution Amount 158.517.446,27 €

Replenishment 115.209.935,51 €

Amortisation 0,00 €

Redemption per Class 0,00 € 0,00 € 0,00 €

Redemption per Note 0,00 € 0,00 €

Class Principal Outstanding Balance End of Period 3.000.000.000,00 € 2.895.000.000,00 € 105.000.000,00 €

Current Tranching 96,50% 3,50%

Current Pool Factor 1,00 1,00

2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: Fixed 1,209% 2,505%

DayCount Convention act/360 act/360

Interest Days 33

Principal Outstanding per Note Beginning of Period 100.000,00 € 100.000,00 €

> Principal Repayment per Note 0,00 € 0,00 €

Principal Outstanding per Note End of Period 100.000,00 € 100.000,00 €

> Interest accrued for the period 3.208.528,50 € 241.111,50 €

Interest Payment 3.208.528,50 € 241.111,50 €

Interest Payment per Note 110,83 € 229,63 €

3. Credit Enhancements Class A Class B Initial total CE (Subordination, Reserve) 4,50% 1,00%

Current CE (incl. Excess Spread) 7,71% 4,21%

Current CE (excl. Excess Spread) 4,50% 1,00%

* Last rating action as of 06.09.2016


Santander-Platz 1




Period No 38

7. Original Principal Balance Monthly Period Nov 2017



Original Principal Balance

(Ranges in EUR)

Original Principal

Balance in EUR

Percentage of

Total Balance Number of Loans

Percentage of Total

Loans

0: 999 38.439,47 0,00% 47 0,01%

1000: 1999 1.493.897,69 0,03% 916 0,25%

2000: 2999 10.398.023,84 0,21% 4.082 1,12%

3000: 3999 30.014.874,08 0,61% 8.544 2,35%

4000: 4999 59.402.434,37 1,20% 13.169 3,63%

5000: 5999 96.188.976,57 1,95% 17.486 4,82%

6000: 6999 126.849.085,92 2,57% 19.478 5,36%

7000: 7999 157.959.469,42 3,20% 21.027 5,79%

8000: 8999 187.915.508,83 3,80% 22.094 6,08%

9000: 9999 213.377.932,18 4,32% 22.430 6,18%

10000:10999 261.000.074,29 5,28% 24.865 6,85%

11000:11999 256.035.929,18 5,18% 22.258 6,13%

12000:12999 261.730.090,54 5,30% 20.945 5,77%

13000:13999 262.313.440,86 5,31% 19.442 5,35%

14000:14999 260.138.078,84 5,26% 17.943 4,94%

15000:15999 259.046.035,67 5,24% 16.721 4,61%

16000:16999 242.609.871,93 4,91% 14.707 4,05%

17000:17999 223.085.961,63 4,51% 12.751 3,51%

18000:18999 210.689.221,83 4,26% 11.397 3,14%

19000:19999 194.821.047,80 3,94% 9.997 2,75%

20000:20999 190.657.931,85 3,86% 9.315 2,57%

21000:21999 178.247.949,14 3,61% 8.294 2,28%

22000:22999 155.452.275,15 3,15% 6.910 1,90%

23000:23999 137.502.100,67 2,78% 5.853 1,61%

24000:24999 122.815.744,61 2,48% 5.016 1,38%

25000:25999 109.112.019,30 2,21% 4.283 1,18%

26000:26999 100.697.100,76 2,04% 3.801 1,05%

27000:27999 88.606.036,20 1,79% 3.223 0,89%

28000:28999 77.482.315,15 1,57% 2.721 0,75%

29000:29999 67.402.948,33 1,36% 2.285 0,63%

30000:30999 58.061.034,93 1,17% 1.906 0,52%

31000:31999 48.792.851,09 0,99% 1.550 0,43%

32000:32999 42.721.148,15 0,86% 1.315 0,36%

33000:33999 33.423.109,41 0,68% 998 0,27%

34000:34999 28.589.557,21 0,58% 829 0,23%

35000:35999 25.503.831,44 0,52% 719 0,20%

36000:36999 21.275.491,29 0,43% 583 0,16%

37000:37999 17.171.120,82 0,35% 458 0,13%

38000:38999 15.043.927,19 0,30% 391 0,11%

39000:39999 13.568.115,64 0,27% 344 0,09%

40000:40999 13.253.683,02 0,27% 328 0,09%

41000:41999 8.671.063,11 0,18% 209 0,06%

42000:42999 9.172.397,29 0,19% 216 0,06%

43000:43999 6.609.432,41 0,13% 152 0,04%

44000:44999 6.405.652,53 0,13% 144 0,04%

45000:45999 5.591.969,39 0,11% 123 0,03%

46000:46999 4.604.750,91 0,09% 99 0,03%

47000:47999 4.461.172,06 0,09% 94 0,03%

48000:48999 3.827.214,02 0,08% 79 0,02%

49000:49999 3.513.426,73 0,07% 71 0,02%

50000:50999 3.124.175,64 0,06% 62 0,02%

51000:51999 2.424.380,46 0,05% 47 0,01%

52000:52999 2.570.602,28 0,05% 49 0,01%

53000:53999 1.762.300,60 0,04% 33 0,01%

54000:54999 1.689.165,50 0,03% 31 0,01%

55000:55999 1.607.859,44 0,03% 29 0,01%

56000:56999 1.915.763,04 0,04% 34 0,01%

57000:57999 1.605.818,47 0,03% 28 0,01%

58000:58999 877.045,96 0,02% 15 0,00%

59000:59999 537.272,85 0,01% 9 0,00%

60000:60000 240.000,00 0,00% 4 0,00%60001: 10.715.737,61 0,22% 151 0,04%

Total 4.942.415.886,59 100,00% 363.100 100,00%

Statistics in EUR

Average Amount 13.611,72


Santander-Platz 1




Period No 38

7.1 Original PB (Graph) Monthly Period Nov 2017



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

Ori

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cip

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Santander-Platz 1




Period No 38

8. Current Principal Balance Monthly Period Nov 2017



Current Principal Balance

(Ranges in EUR)

Current Principal

Balance in EUR

Percentage of


Percentage of

Total Loans

0: 999 10.099.333,20 0,34% 20.286 5,59%

1000: 1999 38.728.867,33 1,29% 25.697 7,08%

2000: 2999 69.336.842,33 2,31% 27.660 7,62%

3000: 3999 100.673.363,31 3,36% 28.747 7,92%

4000: 4999 127.988.351,01 4,27% 28.454 7,84%

5000: 5999 148.572.352,39 4,95% 27.042 7,45%

6000: 6999 166.144.801,41 5,54% 25.597 7,05%

7000: 7999 177.657.752,26 5,92% 23.705 6,53%

8000: 8999 186.460.802,17 6,22% 21.955 6,05%

9000: 9999 186.740.248,13 6,22% 19.678 5,42%

10000:10999 181.151.412,93 6,04% 17.276 4,76%

11000:11999 172.719.191,47 5,76% 15.032 4,14%

12000:12999 163.002.800,87 5,43% 13.057 3,60%

13000:13999 150.473.110,87 5,02% 11.162 3,07%

14000:14999 137.898.538,33 4,60% 9.516 2,62%

15000:15999 123.754.107,53 4,13% 7.990 2,20%

16000:16999 112.356.555,36 3,75% 6.815 1,88%

17000:17999 101.068.712,40 3,37% 5.781 1,59%

18000:18999 87.939.645,98 2,93% 4.759 1,31%

19000:19999 78.536.207,75 2,62% 4.032 1,11%

20000:20999 68.330.755,52 2,28% 3.336 0,92%

21000:21999 57.932.300,92 1,93% 2.695 0,74%

22000:22999 48.542.126,35 1,62% 2.158 0,59%

23000:23999 43.239.251,27 1,44% 1.841 0,51%

24000:24999 38.213.400,64 1,27% 1.561 0,43%

25000:25999 31.968.844,36 1,07% 1.255 0,35%

26000:26999 27.822.484,70 0,93% 1.050 0,29%

27000:27999 23.559.644,37 0,79% 857 0,24%

28000:28999 19.119.198,46 0,64% 671 0,18%

29000:29999 16.418.072,05 0,55% 557 0,15%

30000:30999 15.207.551,79 0,51% 499 0,14%

31000:31999 12.250.753,77 0,41% 389 0,11%

32000:32999 10.108.571,75 0,34% 311 0,09%

33000:33999 9.576.079,93 0,32% 286 0,08%

34000:34999 7.896.433,04 0,26% 229 0,06%

35000:35999 6.098.151,15 0,20% 172 0,05%

36000:36999 6.128.714,18 0,20% 168 0,05%

37000:37999 4.341.427,87 0,14% 116 0,03%

38000:38999 3.697.267,03 0,12% 96 0,03%

39000:39999 3.633.446,27 0,12% 92 0,03%

40000:40999 2.551.891,87 0,09% 63 0,02%

41000:41999 2.238.602,75 0,07% 54 0,01%

42000:42999 2.804.697,92 0,09% 66 0,02%

43000:43999 1.913.375,22 0,06% 44 0,01%

44000:44999 1.687.489,56 0,06% 38 0,01%

45000:45999 1.593.462,65 0,05% 35 0,01%

46000:46999 1.673.813,34 0,06% 36 0,01%

47000:47999 1.375.926,94 0,05% 29 0,01%

48000:48999 1.019.827,98 0,03% 21 0,01%

49000:49999 692.411,76 0,02% 14 0,00%

50000:50999 856.930,45 0,03% 17 0,00%

51000:51999 462.758,30 0,02% 9 0,00%

52000:52999 733.004,16 0,02% 14 0,00%

53000:53999 482.966,59 0,02% 9 0,00%

54000:54999 326.838,61 0,01% 6 0,00%

55000:55999 277.952,32 0,01% 5 0,00%

56000:56999 226.407,86 0,01% 4 0,00%

57000:57999 518.186,51 0,02% 9 0,00%

58000:58999 409.092,63 0,01% 7 0,00%

59000:59999 178.054,93 0,01% 3 0,00%60001: 2.588.834,69 0,09% 37 0,01%

Total 2.999.999.999,49 100,00% 363.100 100,00%

Statistics in EUR

Average Amount 8.262,19


Santander-Platz 1




Period No 38

8.1 Current PB (Graph) Monthly Period Nov 2017



0

20.000.000

40.000.000

60.000.000

80.000.000

100.000.000

120.000.000

140.000.000

160.000.000

180.000.000

200.000.000

Cu

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Santander-Platz 1




Period No 38

9. Borrower Concentration Monthly Period Nov 2017



No

Current Principal

Balance in EUR

Percentage of

Balance Number of Loans

1 95.637,49 0,0032% 1

2 94.795,86 0,0032% 1

3 91.432,13 0,0030% 1

4 89.216,43 0,0030% 1

5 87.586,63 0,0029% 1

6 84.767,64 0,0028% 1

7 81.589,96 0,0027% 2

8 79.053,10 0,0026% 1

9 76.611,80 0,0026% 1

10 76.018,24 0,0025% 2

11 72.416,71 0,0024% 1

12 72.146,84 0,0024% 1

13 71.531,14 0,0024% 1

14 71.519,41 0,0024% 1

15 71.346,55 0,0024% 1

16 71.186,06 0,0024% 1

17 70.378,64 0,0023% 1

18 70.291,42 0,0023% 2

19 68.726,72 0,0023% 1

20 68.387,13 0,0023% 1

21 67.051,74 0,0022% 1

22 66.323,62 0,0022% 1

23 65.731,52 0,0022% 1

24 65.448,03 0,0022% 1

25 64.761,55 0,0022% 2

1.893.956,36 0,0631% 29


Santander-Platz 1




Period No 38

10. Geographical Distribution Monthly Period Nov 2017



State

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Baden-Wuerttemberg 289.551.924,46 9,65% 33.182 9,14%

Bavaria 292.504.641,83 9,75% 33.433 9,21%

Berlin 58.027.171,82 1,93% 7.307 2,01%

Brandenburg 181.591.941,08 6,05% 23.000 6,33%

Bremen 17.454.033,16 0,58% 2.136 0,59%

Hamburg 31.792.820,85 1,06% 3.889 1,07%

Hesse 173.834.047,29 5,79% 20.684 5,70%

Lower Saxony 315.038.570,65 10,50% 38.074 10,49%

Mecklenburg-Western Pomerania 158.962.849,19 5,30% 20.081 5,53%

North Rhine-Westphalia 550.246.742,64 18,34% 66.569 18,33%

Rhineland-Palatinate 133.229.279,84 4,44% 15.729 4,33%

Saarland 41.670.365,64 1,39% 4.821 1,33%

Saxonia 204.743.201,59 6,82% 27.005 7,44%

Saxony-Anhalt 245.890.532,50 8,20% 30.250 8,33%

Schleswig-Holstein 115.985.842,66 3,87% 14.435 3,98%

Thuringia 184.043.674,22 6,13% 21.870 6,02%

n/a 5.432.360,07 0,18% 635 0,17%

Total 2.999.999.999,49 100,00% 363.100 100,00%


Santander-Platz 1




Period No 38

10.1 Geographical Distribution (Graph) Monthly Period Nov 2017



0

100.000.000

200.000.000

300.000.000

400.000.000

500.000.000

600.000.000

Cu

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Santander-Platz 1




Period No 38

11. Object/Vehicle Type Monthly Period Nov 2017



Vehicle Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

New Vehicle 1.129.395.301,86 37,65% 114.267 31,47%Used Vehicle 1.870.604.697,63 62,35% 248.833 68,53%

Total 2.999.999.999,49 100,00% 363.100 100,00%

Object Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Car 2.903.261.459,96 96,78% 348.035 95,85%

Motorbike 49.140.794,23 1,64% 11.080 3,05%Leisure 47.597.745,30 1,59% 3985 1,10%

Total 2.999.999.999,49 100,00% 363.100 100,00%


Santander-Platz 1




Period No 38

12. Insurances Monthly Period Nov 2017



Payment Protection

Insurance

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 927.852.254,50 30,93% 112.687 31,03%Yes 2.072.147.744,99 69,07% 250.413 68,97%

Total 2.999.999.999,49 100,00% 363.100 100,00%

Gap Insurance

(Santander Safe)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 1.991.575.536,83 66,39% 254.414 70,07%Yes 1.008.424.462,66 33,61% 108.686 29,93%

Total 2.999.999.999,49 100,00% 363.100 100,00%

Repair Cost Insurance

(Santander AutoCare)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 2.699.146.189,34 89,97% 327.431 90,18%Yes 300.853.810,15 10,03% 35.669 9,82%

Total 2.999.999.999,49 100,00% 363.100 100,00%


Santander-Platz 1




Period No 38

13. Type of Contract Monthly Period Nov 2017



Contracts w/Balloon Payments

Current Principal Balance

in EUR

Percentage of Total


Percentage of Total

Loans

No 2.208.842.611,30 73,63% 295.793 81,46%

Yes 791.157.388,19 26,37% 67.307 18,54%

- of which balloon rates 498.096.052,52 16,60%

- of which regular installments 293.061.335,67 9,77%

Total 2.999.999.999,49 100,00% 363.100 100,00%

Balloon Loans - Original Term in

months

Balloon Rates

in EUR

Balloon Rates in % of

Total Balloon Rates

Number of Balloon

Loans

Percentage of Total

Balloon Loans

0:12 151.968,24 0,03% 21 0,03%

13:25 4.774.220,42 0,96% 611 0,91%

26:38 34.205.868,85 6,87% 4.511 6,70%

39:51 170.241.216,74 34,18% 21.746 32,31%

52:64 288.282.842,78 57,88% 40.372 59,98%

65:72 296.343,10 0,06% 33 0,05%73: 143.592,39 0,03% 13 0,02%

Total 498.096.052,52 100,00% 67.307 100,00%

Balloon Loans - Remaining

Term in months

Balloon Rates

in EUR

Balloon Rates in % of

Total Balloon Rates

Number of Balloon

Loans

Percentage of Total

Balloon Loans

0:12 129.471.574,60 25,99% 17.940 26,65%

13:25 143.912.940,92 28,89% 20.008 29,73%

26:38 119.973.624,37 24,09% 15.961 23,71%

39:51 89.529.004,45 17,97% 11.505 17,09%

52:64 15.123.587,03 3,04% 1.888 2,81%

65:72 62.571,50 0,01% 3 0,00%73: 22.749,65 0,00% 2 0,00%

Total 498.096.052,52 100,00% 67.307 100,00%


Santander-Platz 1




Period No 38

14. Payment Methods Monthly Period Nov 2017



Payment Method

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Direct Debit 2.970.614.521,52 99,02% 359.065 98,89%Other 29.385.477,97 0,98% 4.035 1,11%

Total 2.999.999.999,49 100,00% 363.100 100,00%

Cycle of Payment

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

15th of month 1.391.775.390,75 46,39% 169.074 46,56%1st of month 1.608.224.608,74 53,61% 194.026 53,44%

Total 2.999.999.999,49 100,00% 363.100 100,00%


Santander-Platz 1




Period No 38

15. Downpayment Monthly Period Nov 2017



Downpayment

(Ranges in EUR)

Original Principal

Balance in EUR

Percentage of


Percentage of Total

Loans

Downpayment /

Purchase Price in %

No Downpayment 1.186.308.599,56 39,54% 129.098 35,55% 0,00%

0: 999 114.270.211,16 3,81% 18.153 5,00% 5,24%

1000: 1999 253.196.796,36 8,44% 36.748 10,12% 10,63%

2000: 2999 274.440.620,71 9,15% 36.823 10,14% 16,24%

3000: 3999 230.406.559,25 7,68% 29.559 8,14% 21,07%

4000: 4999 174.247.833,31 5,81% 21.800 6,00% 25,52%

5000: 5999 194.783.260,70 6,49% 23.108 6,36% 28,57%

6000: 6999 114.126.028,75 3,80% 14.075 3,88% 33,11%

7000: 7999 85.742.218,52 2,86% 10.506 2,89% 36,44%

8000: 8999 71.964.337,39 2,40% 8.689 2,39% 39,08%

9000: 9999 41.708.301,29 1,39% 5.002 1,38% 42,06%

10000:10999 88.310.100,84 2,94% 9.931 2,74% 42,69%

11000:11999 26.852.687,48 0,90% 3.317 0,91% 47,10%

12000:12999 29.809.638,22 0,99% 3.548 0,98% 48,70%

13000:13999 18.840.950,92 0,63% 2.292 0,63% 50,96%

14000:14999 14.495.240,38 0,48% 1.764 0,49% 53,12%

15000:15999 23.989.052,00 0,80% 2.670 0,74% 52,39%

16000:16999 9.059.283,46 0,30% 1.080 0,30% 56,29%

17000:17999 6.339.466,07 0,21% 839 0,23% 59,09%

18000:18999 6.390.110,54 0,21% 744 0,20% 58,52%

19000:19999 3.159.129,23 0,11% 413 0,11% 61,53%

20000:20000 8.782.370,06 0,29% 803 0,22% 55,75%20001: 22.777.203,29 0,76% 2.138 0,59% 62,19%

Total 2.999.999.999,49 100,00% 363.100 100,00% 19,81%

Downpayment and

Purchase Price All Contracts

Contracts with

Downpayment

Average downpayment 3.116,27 € 4.835,51 €

Average Purchase Price 15.733,68 € 16.834,10 €

Mimimum Downpayment 100,00 €

Maximum Downpayment 104.000,00 €

Downpayment in % 19,81% 28,72%


Santander-Platz 1




Period No 38

16. Customer Yield Monthly Period Nov 2017



Yield Range*

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 0 596.425,72 0,02% 53 0,01%

1: 1 82.440.057,07 2,75% 6.861 1,89%

2: 2 262.360.414,30 8,75% 24.184 6,66%

3: 3 1.170.772.494,76 39,03% 111.703 30,76%

4: 4 910.451.234,01 30,35% 117.307 32,31%

5: 5 367.355.469,46 12,25% 62.033 17,08%

6: 6 139.781.995,60 4,66% 26.257 7,23%

7: 7 40.177.508,41 1,34% 8.957 2,47%

8: 8 17.220.467,67 0,57% 3.587 0,99%

9: 9 7.321.298,66 0,24% 1.835 0,51%

10:10 1.207.414,32 0,04% 247 0,07%

11:11 304.981,72 0,01% 70 0,02%

12:12 4.940,08 0,00% 2 0,00%

13:13 3.471,88 0,00% 3 0,00%14:14 1.825,83 0,00% 1 0,00%

Total 2.999.999.999,49 100,00% 363.100 100,00%

Statistics in %

WA Interest 4,46%

*runs from .00 to .99


Santander-Platz 1




Period No 38

16.1 Customer Yield (Graph) Monthly Period Nov 2017



*runs from .00 to .99

0

200.000.000

400.000.000

600.000.000

800.000.000

1.000.000.000

1.200.000.000

1.400.000.000

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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Yield Range*


Santander-Platz 1




Period No 38

17. Seasoning Monthly Period Nov 2017



Seasoning in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 2 10.991.543,79 0,37% 883 0,24%

3: 5 125.005.263,19 4,17% 10.837 2,98%

6: 8 199.253.148,30 6,64% 17.002 4,68%

9:11 180.799.559,16 6,03% 15.519 4,27%

12:14 242.322.172,42 8,08% 22.308 6,14%

15:17 311.401.762,69 10,38% 29.613 8,16%

18:20 201.446.111,63 6,71% 20.224 5,57%

21:23 140.201.698,95 4,67% 14.497 3,99%

24:26 159.174.067,20 5,31% 17.270 4,76%

27:29 176.901.020,94 5,90% 20.062 5,53%

30:32 161.199.417,15 5,37% 19.854 5,47%

33:35 124.489.780,07 4,15% 16.270 4,48%

36:38 139.542.809,97 4,65% 18.919 5,21%

39:41 148.863.863,11 4,96% 20.611 5,68%

42:44 169.656.998,74 5,66% 25.419 7,00%

45:47 120.592.092,47 4,02% 19.090 5,26%

48:50 90.658.500,43 3,02% 14.204 3,91%

51:53 82.272.616,69 2,74% 13.940 3,84%

54:56 56.696.840,00 1,89% 10.597 2,92%

57:59 28.688.752,28 0,96% 5.682 1,56%

60:62 26.965.158,69 0,90% 5.271 1,45%

63:65 23.936.203,15 0,80% 4.583 1,26%

66:68 21.266.655,59 0,71% 4.539 1,25%

69:71 14.003.466,62 0,47% 3.325 0,92%

72:74 13.595.315,52 0,45% 3.361 0,93%

75:77 11.022.857,95 0,37% 2.674 0,74%

78:80 8.712.308,64 0,29% 2.418 0,67%81: 10.340.014,15 0,34% 4.128 1,14%

Total 2.999.999.999,49 100,00% 363.100 100,00%

Statistics

WA Seasoning 27,80


Santander-Platz 1




Period No 38

17.1 Seasoning (Graph) Monthly Period Nov 2017



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

350.000.000

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 81:

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Seasoning in Months


Santander-Platz 1




Period No 38

18. Remaining Term Monthly Period Nov 2017



Remaining Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 6 81.071.675,86 2,70% 30.737 8,47%

7: 13 159.765.711,32 5,33% 39.810 10,96%

14: 20 236.604.359,04 7,89% 44.890 12,36%

21: 27 250.620.432,95 8,35% 39.587 10,90%

28: 34 349.134.374,56 11,64% 45.212 12,45%

35: 41 307.604.511,90 10,25% 34.189 9,42%

42: 48 376.347.743,61 12,54% 36.980 10,18%

49: 55 309.409.480,76 10,31% 27.026 7,44%

56: 62 231.194.156,85 7,71% 19.569 5,39%

63: 69 216.716.736,20 7,22% 16.063 4,42%

70: 76 141.983.019,72 4,73% 9.382 2,58%

77: 83 180.633.991,58 6,02% 10.881 3,00%

84: 90 111.739.532,91 3,72% 6.319 1,74%

91: 97 41.792.648,06 1,39% 2.238 0,62%

98:104 4.436.379,07 0,15% 184 0,05%105:107 945.245,10 0,03% 33 0,01%

Total 2.999.999.999,49 100,00% 363.100 100,00%

Statistics

WA Remaining Term 44,79


Santander-Platz 1




Period No 38

18.1 Remaining Term (Graph) Monthly Period Nov 2017



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

350.000.000

400.000.000

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 98:104 105:107

Cu

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Remaining Term in Months


Santander-Platz 1




Period No 38

19. Original Term Monthly Period Nov 2017



Original Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 12 1.156.738,67 0,04% 612 0,17%

13: 25 27.026.238,21 0,90% 9.541 2,63%

26: 38 130.122.409,45 4,34% 29.364 8,09%

39: 51 409.869.155,31 13,66% 61.373 16,90%

52: 64 839.215.453,73 27,97% 100.957 27,80%

65: 77 344.797.991,30 11,49% 46.025 12,68%

78: 90 320.939.934,30 10,70% 30.001 8,26%

91:103 898.306.297,29 29,94% 83.424 22,98%

104:116 6.231.634,26 0,21% 478 0,13%

117:119 1.984.144,78 0,07% 114 0,03%

120: 20.350.002,19 0,68% 1.211 0,33%

Total 2.999.999.999,49 100,00% 363.100 100,00%

Statistics

WA Original Term 72,59


Santander-Platz 1




Period No 38

19.1 Original Term (Graph) Monthly Period Nov 2017



0

100.000.000

200.000.000

300.000.000

400.000.000

500.000.000

600.000.000

700.000.000

800.000.000

900.000.000

1.000.000.000

0: 12 13: 25 26: 38 39: 51 52: 64 65: 77 78: 90 91:103 104:116 117:119 120:

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Original Term in Months


Santander-Platz 1




Period No 38

20. Manufacturer Brands Monthly Period Nov 2017



Manufacturer

brands

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

1 305.978.618,65 10,20% 30.501 8,40%

2 301.841.017,04 10,06% 37.543 10,34%

3 280.017.649,08 9,33% 38.522 10,61%

4 269.006.458,79 8,97% 33.673 9,27%

5 238.413.779,61 7,95% 23.609 6,50%

6 222.003.899,58 7,40% 25.540 7,03%

7 124.950.441,00 4,17% 13.049 3,59%

8 119.175.761,56 3,97% 11.936 3,29%

9 116.389.516,77 3,88% 14.790 4,07%

10 110.680.349,20 3,69% 12.336 3,40%

11 92.858.739,02 3,10% 11.398 3,14%

12 81.805.099,14 2,73% 9.532 2,63%

13 74.450.733,59 2,48% 10.556 2,91%

14 73.755.463,66 2,46% 11.398 3,14%

15 64.567.408,02 2,15% 7.994 2,20%

2.475.894.934,71 82,53% 292.377 80,52%

TOP 15 manufacturer brands in alphabetical order:

Audi, BMW, Citroen, Fiat, Ford, Hyundai, Kia, Mazda, Mercedes, Nissan, Opel, Renault, SEAT (E), Skoda, VW


Santander-Platz 1




Period No 38

21. Priority of Payments + Transaction Costs Monthly Period Nov 2017



Priority of Payments

Available Distribution Amount 158.517.446,27 €

Senior Expenses - 49.706,67 €

Interest Notes Class A - 3.208.528,50 €

Interest Notes Class B - 241.111,50 €

Replenishment - 115.209.935,51 €

Payments to Purchase Shortfall Account - 0,51 €

Payments to Reserve Fund - 30.000.000,00 €

Principal Payments Class A - - €

Principal Payments Class B - - €

Payments to Commingling Reserve Ledger - n/a Payments to Set-Off Reserve Ledger - n/a

Interest Subordinated Loan - 78.512,50 €

Principal Payments Subordinated Loan - - €

Payments to Seller = 9.729.651,08 €

Transaction Costs All notes Class A Class B Senior Expenses 49.706,67 €-

Interest accrued for the Period 3.449.640,00 €- 3.208.528,50 €- 241.111,50 €-

Cumulative Interest accrued 120.314.880,00 €- 111.905.356,50 €- 8.409.523,50 €-

Interest Payments 3.449.640,00 €- 3.208.528,50 €- 241.111,50 €-

Cumulative Interest Payments 120.314.880,00 €- 111.905.356,50 €- 8.409.523,50 €-

Interest accrued on Subordinated Loan for the Period 78.512,50 €-

Cumulative Interest accrued on Subordinated Loan 2.738.420,85 €-

Interest Payments on Subordinated Loan 78.512,50 €-

Cumulative Interest Payments on Subordinated Loan 2.738.420,85 €-

Unpaid Interest for the Period - €

Cumulative Unpaid Interest - €


Santander-Platz 1




Period No 38

22. Retention Monthly Period 01.11.2017



2.999.999.999,91 €

2.999.999.999,87 €

2.999.999.999,49 €

30.000.000,00 €

30.000.000,00 €

30.000.000,00 €

105.000.000,00 €

105.000.000,00 €

105.000.000,00 €

Outstanding Balance of the Class A Notes as of the Offer Date: 2.895.000.000,00 €

Outstanding Balance of the Class A Notes as of the beginning of the Monthly Period: 2.895.000.000,00 €

Outstanding Balance of the Class A Notes of the end of the Monthly Period: 2.895.000.000,00 €

101,00%

101,00%

101,00%Net Economic Interest Ratio as 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 Auto 2014-2 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 the regulatory first

loss tranche which is represented by the Subordinated Loan of at least 1% and by retaining the regulatory second loss tranche which is represented by the Class B Notes of at least 3,5% and the

third loss tranche which is represented by the Class A Notes of at least 0,5%.

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

Outstanding Balance of the Class B Notes as of the beginning of the Monthly Period:

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

Net Economic Interest Ratio as of Offer Date:

Net Economic Interest Ratio as of the beginning of the Monthly Period:

Outstanding Principal Balance of Purchased Receivables as of the end of the Monthly Period:

Outstanding Principal Balance of the Subordinated Loan as of the Offer Date:

Outstanding Principal Balance of the Subordinated Loan as of the beginning of the Monthly Period:

Outstanding Principal Balance of the Subordinated Loan as of the end of the Monthly Period:

Outstanding Principal Balance of Purchased Receivables as of the Offer Date:

Outstanding Principal Balance of Purchased Receivables as of the beginning of the Monthly Period:


Santander-Platz 1


SC Germany Auto 2014-2 10.11.2017

Monthly Investor Report 13.11.2017

38

23. Counterparties Nov 2017

from 11.10.2017 to 13.11.2017 = 33 days

from 01.10.2017 to 31.10.2017

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

Counterpart

y status

Calculation Agent, Cash Administrator:Wilmington Trust SP Services (Frankfurt) GmbH

- - - - - -performing

Steinweg 3-5

eMail: [email protected] 60313 Frankfurt am Main

Phone: +49 (0)69 9288 49512 Germany

Account Bank and Principal Paying Agent: BNP Paribas Securities Services - - - A A-1 STABLE performing

33, rue de Gasperich

eMail: [email protected] L-5826 Hesperange

Phone: +34 91 7625101 The Grand Duchy of Luxembourg

Transaction Security Trustee: Circumference FS (Netherlands) B.V. - - - - - - performing

Barbara Strozzilaan 101

eMail: [email protected] 1083 HN Amsterdam

Phone: +31 20 205 0132 The Netherlands

Data Trustee: Circumference FS (Luxembourg) S.A. - - - - - - performing

52-54 Avenue Du X Septembre

eMail: [email protected] L-2550 Luxembourg

Phone: + 352 2602 4945 The Grand Duchy of Luxembourg

Rating Agencies: DBRS Ratings Ltd. Standard & Poor's Ratings Services

Structured Finance Structured Finance

1 Minister Court, 10th floor, Mincing Lane 20 Canada Square

EC3R 7 AA London E14 5LH London

United Kingom United Kingdom

Ratings as of 31.10.2017, data source: Bloomberg

DBRS S & P

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period

Collection Period


Santander-Platz 1


mailto:[email protected]






Period No 38

24. Issuer Information Monthly Period Nov 2017



Deal Name: SC Germany Auto 2014-2

Issuer: SC Germany Auto 2014-2 UG (haftungsbeschränkt)

The Managing Directors

Steinweg 3-5

60313 Frankfurt am Main

Germany

eMail [email protected]

fax +49 (0) 69 2992 5387

Seller of the Receivables: Santander Consumer Bank AG

Servicer Name: Santander Consumer Bank AG

Reporting Entity: Santander Consumer Bank AG

Capital Markets

Santander-Platz 1

41061 MönchengladbachGermany


fax +49 (0) 2161 690 7077

SPV-Administrator: Wilmington Trust SP Services (Frankfurt) GmbH

Steinweg 3-5

60313 Frankfurt am Main

Germany


fax +49 (0) 69 2992 5387


Santander-Platz 1


SC Germany Auto 2014-2 10.11.2017

Monthly Investor Report 13.11.2017

38

25. Santander Consumer Bank Nov 2017

from 11.10.2017 to 13.11.2017 = 33 days

from 01.10.2017 to 31.10.2017

Contact DetailsCapital Markets

Peter René Müller +49-2161-690-7337 [email protected]

Ralf Schüring +49-2161-690-5464 [email protected]

Bastian Menges +49-2161-690-7085 [email protected]

Stefan Zilligen +49-2161-690-6069 [email protected]

Tobias Daners +49-2161-690-7410 [email protected]

Ronja Dahmen +49-2161-690-9453 [email protected]

Team ABS [email protected]

Ratings Santander

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

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

- - - BBB+ A-2 STABLE

- - - BBB+ A-2 STABLE

Ratings as of 31.10.2017, data source: Bloomberg

Collection Period

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period


S & P

Banco Santander S.A.

Santander Consumer Finance S.A.

DBRS


Santander-Platz 1







sc germany auto 2014-2 monthly investor report · 2020. 8. 5. · sc germany auto 2014-2 reporting...

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