sc germany auto 2018-1 monthly investor report · 6.1 original pb (graph) 8 7. current principal...

SC Germany Auto 2018-1

Monthly Investor Report

SC Germany Auto 2018-1 Reporting Date 10.05.2020

Monthly Investor Report Payment Date 13.05.2020

Period No 23

Cover Sheet Monthly Investor Report Monthly Period Mai 2020

Interest Period from 14.04.2020 to 13.05.2020 = 29 days

Collection Period from 01.04.2020 to 30.04.2020

Index Page

1. Portfolio Information 1

2. Reserve Accounts 2

3. Delinquency Data 3

4. Default Data 4

4.1 Default Data per Quarter 5

5. Outstanding Notes 6

6. Original Principal Balance 7

6.1 Original PB (Graph) 8

7. Current Principal Balance 9

7.1 Current PB (Graph) 10

8. Borrower Concentration 11

9. Geographical Distribution 12

9.1 Geographical (Graph) 13

10. Object/Vehicle Type 14

11. Insurances 15

12. Contract Type 16

13. Payment Methods 17

14. Downpayment 18

15. Effective Interest Rate 19

15.1 Effective Interest Rate (Graph) 20

16. Seasoning 21

16.1 Seasoning (Graph) 22

17. Remaining Term 23

17.1 Remaining Term (Graph) 24

18. Original Term 25

18.1 Original Term (Graph) 26

19. Manufacturer Brands 27

20. Priority of Payments + Transaction Costs 28

21.1 Swap Counterparty 1 Data 29

21.2 Swap Counterparty 2 Data 30

22. Retention 31

23. Counterparties 32

24. Issuer Information 33

25. Santander Consumer Bank 34

26. Glossary 35

Santander Consumer Bank AG

Santander-Platz 1

41061 Mönchengladbach



Period No 23

1. Portfolio Information Monthly Period Mai 2020



current period previous period

Outstanding ReceivablesNo. of

Contracts

Aggregate Outstanding

Principal Amount

Aggregate Outstanding

Principal Amount

Beginning of Period 30.564 309.089.444,37 € 321.185.307,76 €

Scheduled Principal Payments 7.034.842,37 €

Prepayment Principal 3.080.879,96 €

Others 115.466,25 €

Total Principal Collections 10.231.188,58 € 12.018.904,34 €

Total Interest Collections 1.020.941,22 € 1.093.830,32 €

Defaults 23.464,71 € 76.959,05 €

End of Period 29.954 298.834.791,08 € 309.089.444,37 €

Current Prepayment Rate (annualised) 11,3%

Loans under German COVID-19 Mitigation Act 276 3.564.502,65 € - €


Santander-Platz 1




Period No 23

2. Reserve Accounts Monthly Period Mai 2020



Note BalanceBeginning of Period 309.089.466,90 €

End of Period 298.834.835,70 €

Reserve AccountsReserve Account in % Trigger Event y/n

Beginning of Period 0,91% 2.821.853,56 €

Cash Outflow 120.958,89 €-

Cash Inflow - €

End of Period 0,90% 2.700.894,67 €

Required Reserve Fund 0,90% 2.700.894,67 €

(thereof) Liquidity Reserve Account in %

Beginning of Period 0,91% 2.821.853,56 €

Cash Outflow 120.958,89 €-

Cash Inflow - €

End of Period 0,90% 2.700.894,67 €

Required Liquidity Reserve Fund 2.700.894,67 €

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 (X) in %


Cash Outflow n/a

Cash Inflow n/a

End of Period n/a

Required Set-Off Reserve (X) Fund n/a

Set-Off Reserve (Y) in %


Cash Outflow n/a

Cash Inflow n/a

End of Period n/a

Required Set-Off Reserve (Y) Fund n/a

Current Set-Off (Y) Amount n/a

Set-Off Amount (per Loan) n/a

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


Santander-Platz 1




Period No 23

3. Delinquency Data Monthly Period Mai 2020




End of Period 298.834.835,70 €

Delinquency Data and Ratios3-MRA* /

current ratio Amount at risk Overdue amount

Number of

Loans

3-MRA* 1- 30 days past due 0,21%

1- 30 days past due period before previous period 694.050,19 € 61.235,33 € 61

1- 30 days past due previous period 641.976,42 € 84.501,18 € 61

1- 30 days past due current period 0,19% 598.317,99 € 61.474,99 € 57

3-MRA* 31- 60 days past due 0,15%




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
















* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 23

4. Default Data Monthly Period Mai 2020




End of Period 298.834.835,70 €

Default Data and Ratios Amount Number of Loans

Current Default

Current Period Gross Default 23.464,71 €

Current Period Recoveries 8.982,70 €

Current Period Net Default 14.482,01 €

New Number of Defaulted Contracts 3

Cumulative Default

Cumulative Gross Default 1.423.982,01 €

Cumulative Recoveries 164.239,91 €

Cumulative Net Default 1.259.742,10 €

Total Number of Defaulted Contracts 137

3-MRA* /

current ratio Ratio

3-MRA* Annualised Net Default Ratio (New Default) 0,16%

Annualised Loss Ratio period before previous period 0,19%

Annualised Loss Ratio previous period 0,23%

Annualised Loss Ratio current period 0,06% 0,06%

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 23

4.1 Default Data per Quarter Monthly Period Mai 2020



Quarter of Default Periods New Defaults Recoveries Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020

Q2 2018 1-1 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00

Q3 2018 2-4 16.098,83 10.873,30 0,00 8.662,15 811,15 400,00 400,00 400,00 200,00 0,00 0,00

Q4 2018 5-7 149.584,50 29.919,20 0,00 0,00 0,00 28.250,00 200,00 50,00 255,00 475,00 689,20

Q1 2019 8-10 219.055,48 89.940,48 0,00 0,00 0,00 5.600,00 21.897,02 50.759,85 1.006,65 10.416,97 259,99

Q2 2019 11-13 215.061,20 4.846,78 0,00 0,00 0,00 0,00 640,20 1.114,95 580,00 2.361,63 150,00

Q3 2019 14-16 349.722,45 18.335,68 0,00 0,00 0,00 0,00 0,00 5.208,52 2.759,23 10.037,93 330,00

Q4 2019 17-19 186.608,35 3.070,96 0,00 0,00 0,00 0,00 0,00 0,00 500,00 2.170,96 400,00

Q1 2020 20-22 264.386,49 7.253,51 0,00 0,00 0,00 0,00 0,00 0,00 0,00 100,00 7.153,51Q2 2020 23-23 23.464,71 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00

Total 1.423.982,01 164.239,91 0,00 8.662,15 811,15 34.250,00 23.137,22 57.533,32 5.300,88 25.562,49 8.982,70

Recoveries in Quarter


Santander-Platz 1




Period No 23

5. Outstanding Notes Monthly Period Mai 2020



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

ISIN Code XS1831869653 XS1831869810

Currency EUR EUR

Initial Tranching in % 93,50% 6,50%

Legal Maturity Dec 2027 Dec 2027

Expected Maturity Aug 2022 Aug 2022

Original Rating (DBRS / Moody's) AAA (sf)/Aaa(sf) NR/NR

Current Rating (DBRS / Moody's)* D & M AAA (sf) / Aaa (sf) n.r. / n.r.

Initial Notes Aggregate Principal Outstanding Balance 600.000.000,00 € 561.000.000,00 € 39.000.000,00 €

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

Initial Number of Notes per Class 5.610 390

Current Note Information

Class Principal Outstanding Balance Beginning of Period 309.089.466,90 € 270.089.466,90 € 39.000.000,00 €

Available Distribution Amount 14.082.988,59 €

Amortisation 10.254.631,20 €

Redemption per Class 10.254.631,20 € 10.254.631,20 € - €

Redemption per Note 1.827,92 € - €

Class Principal Outstanding Balance End of Period 298.834.835,70 € 259.834.835,70 € 39.000.000,00 €

Current Tranching 86,9% 13,1%

Current Pool Factor 0,46 1,00

2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: 1-M Euribor / Spread / Fixed Rate -0,379% +40 bps 0,633%

DayCount Convention act/360 act/360

Interest Days 29

Principal Outstanding per Note Beginning of Period 48.144,29 € 100.000,00 €

> Principal Repayment per Note 1.827,92 € - €

Principal Outstanding per Note End of Period 46.316,37 € 100.000,00 €

> Interest accrued for the period 4.544,10 € 19.886,10 €

Interest Payment 4.544,10 € 19.886,10 €

Interest Payment per Note 0,81 € 50,99 €

3. Credit Enhancements Class A Class B Initial total CE (Subordination, Reserve) 7,44% 0,94%

Current CE (incl. Excess Spread) 17,04% 3,99%

Current CE (excl. Excess Spread) 13,95% 0,90%

4. Placement Disclosure Class A Class B Pre-placed privately with investors which are not in the OG - € - € At Closing

Retained by a member of the OG - € 39.000.000 € At Closing

Publicly offered to investors which are not in the OG 561.000.000 € - € At Closing

Privately-placed with investors which are not in the OG - € - € Current Period

Retained by a member of the OG - € 39.000.000 € Current Period

Publicly-placed with investors which are not in the OG 259.834.836 € - € Current Period

Initially retained by a member of the OG, but subsequently placed with investors - € - € Current Period

OG stands for Originator Group

* Last rating action as of 21.06.2018


Santander-Platz 1




Period No 23

6. Original Principal Balance Monthly Period Mai 2020



Original Principal Balance

(Ranges in EUR)

Original Principal

Balance in EUR

Percentage of

Total Balance Number of Loans

Percentage of Total

Loans

0: 999 906,00 0,00% 1 0,00%

1000: 1999 34.670,57 0,01% 20 0,07%

2000: 2999 314.501,15 0,07% 121 0,40%

3000: 3999 1.329.740,10 0,28% 376 1,26%

4000: 4999 2.850.630,01 0,60% 633 2,11%

5000: 5999 5.004.254,65 1,05% 908 3,03%

6000: 6999 6.906.234,94 1,44% 1.059 3,54%

7000: 7999 9.273.530,57 1,94% 1.234 4,12%

8000: 8999 11.823.622,58 2,47% 1.387 4,63%

9000: 9999 14.042.851,88 2,94% 1.474 4,92%

10000:10999 20.032.443,53 4,19% 1.907 6,37%

11000:11999 20.065.062,91 4,19% 1.745 5,83%

12000:12999 21.038.249,04 4,40% 1.684 5,62%

13000:13999 21.988.674,29 4,60% 1.627 5,43%

14000:14999 23.241.700,60 4,86% 1.604 5,35%

15000:15999 24.288.474,05 5,08% 1.567 5,23%

16000:16999 22.416.134,38 4,69% 1.360 4,54%

17000:17999 22.068.353,31 4,61% 1.262 4,21%

18000:18999 19.962.186,34 4,17% 1.079 3,60%

19000:19999 20.225.199,42 4,23% 1.037 3,46%

20000:20999 18.853.150,78 3,94% 922 3,08%

21000:21999 19.207.094,10 4,01% 894 2,98%

22000:22999 17.597.534,66 3,68% 783 2,61%

23000:23999 16.906.961,95 3,53% 720 2,40%

24000:24999 14.740.810,89 3,08% 602 2,01%

25000:25999 13.644.308,09 2,85% 535 1,79%

26000:26999 13.223.338,47 2,76% 499 1,67%

27000:27999 11.880.767,60 2,48% 432 1,44%

28000:28999 10.118.675,31 2,11% 355 1,19%

29000:29999 8.849.473,04 1,85% 300 1,00%

30000:30999 8.285.921,09 1,73% 272 0,91%

31000:31999 7.498.740,21 1,57% 238 0,79%

32000:32999 7.181.421,98 1,50% 221 0,74%

33000:33999 5.523.932,70 1,15% 165 0,55%

34000:34999 4.274.322,47 0,89% 124 0,41%

35000:35000 105.000,00 0,02% 3 0,01%35001: 33.636.891,24 7,03% 804 2,68%

Total 478.435.764,90 100,00% 29.954 100,00%

Statistics in EUR

Average Amount 15.972,35


Santander-Platz 1




Period No 23

6.1 Original PB (Graph) Monthly Period Mai 2020



0

5.000.000

10.000.000

15.000.000

20.000.000

25.000.000

30.000.000

35.000.000

40.000.000

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Santander-Platz 1




Period No 23

7. Current Principal Balance Monthly Period Mai 2020



Current Principal Balance

(Ranges in EUR)

Current Principal

Balance in EUR

Percentage of Total

Balance Number of Loans

Percentage of Total

Loans

0: 999 521.224,27 0,17% 1.105 3,69%

1000: 1999 1.966.183,82 0,66% 1.303 4,35%

2000: 2999 3.519.865,20 1,18% 1.398 4,67%

3000: 3999 5.273.244,64 1,76% 1.502 5,01%

4000: 4999 7.478.839,08 2,50% 1.654 5,52%

5000: 5999 10.611.063,86 3,55% 1.927 6,43%

6000: 6999 13.035.173,11 4,36% 2.006 6,70%

7000: 7999 16.014.503,17 5,36% 2.137 7,13%

8000: 8999 17.330.704,47 5,80% 2.042 6,82%

9000: 9999 18.524.518,75 6,20% 1.951 6,51%

10000:10999 19.038.770,93 6,37% 1.816 6,06%

11000:11999 18.276.447,38 6,12% 1.591 5,31%

12000:12999 17.778.652,93 5,95% 1.425 4,76%

13000:13999 16.183.636,71 5,42% 1.200 4,01%

14000:14999 15.137.666,57 5,07% 1.045 3,49%

15000:15999 13.781.902,20 4,61% 889 2,97%

16000:16999 13.973.507,15 4,68% 847 2,83%

17000:17999 12.938.350,31 4,33% 739 2,47%

18000:18999 10.983.093,21 3,68% 594 1,98%

19000:19999 9.567.452,53 3,20% 491 1,64%

20000:20999 9.114.457,01 3,05% 445 1,49%

21000:21999 7.264.144,23 2,43% 338 1,13%

22000:22999 6.527.240,22 2,18% 290 0,97%

23000:23999 5.634.525,33 1,89% 240 0,80%

24000:24999 4.678.258,80 1,57% 191 0,64%

25000:25999 3.850.099,61 1,29% 151 0,50%

26000:26999 3.570.880,19 1,19% 135 0,45%

27000:27999 2.829.995,00 0,95% 103 0,34%

28000:28999 2.052.564,88 0,69% 72 0,24%

29000:29999 1.768.365,71 0,59% 60 0,20%

30000:30999 1.555.363,52 0,52% 51 0,17%

31000:31999 1.198.138,84 0,40% 38 0,13%

32000:32999 911.677,18 0,31% 28 0,09%

33000:33999 670.249,52 0,22% 20 0,07%

34000:34999 690.673,32 0,23% 20 0,07%35001: 4.583.357,43 1,53% 110 0,37%

Total 298.834.791,08 100,00% 29.954 100,00%

Statistics in EUR

Average Amount 9.976,46


Santander-Platz 1




Period No 23

7.1 Current PB (Graph) Monthly Period Mai 2020



0

2.000.000

4.000.000

6.000.000

8.000.000

10.000.000

12.000.000

14.000.000

16.000.000

18.000.000

20.000.000

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Santander-Platz 1




Period No 23

8. Borrower Concentration Monthly Period Mai 2020



No

Current Principal

Balance in EUR

Percentage of


1 81.350,25 0,0272% 1

2 78.271,80 0,0262% 1

3 76.069,62 0,0255% 1

4 61.739,70 0,0207% 1

5 59.977,08 0,0201% 1

6 58.847,02 0,0197% 1

7 54.343,23 0,0182% 1

8 53.305,09 0,0178% 1

9 52.620,44 0,0176% 1

10 51.579,19 0,0173% 1

11 50.885,73 0,0170% 1

12 50.436,10 0,0169% 1

13 50.048,74 0,0167% 1

14 49.095,65 0,0164% 1

15 48.379,55 0,0162% 1

16 47.355,83 0,0158% 1

17 47.188,82 0,0158% 1

18 46.977,40 0,0157% 1

19 46.319,13 0,0155% 1

20 46.225,82 0,0155% 1

21 45.521,32 0,0152% 1

22 45.472,83 0,0152% 1

23 45.466,59 0,0152% 1

24 44.389,79 0,0149% 1

25 44.160,07 0,0148% 1

1.336.026,79 0,4471% 25


Santander-Platz 1




Period No 23

9. Geographical Distribution Monthly Period Mai 2020



State

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Baden-Wuerttemberg 32.651.804,59 10,93% 3.108 10,38%

Bavaria 36.661.225,54 12,27% 3.574 11,93%

Berlin 4.776.123,50 1,60% 487 1,63%

Brandenburg 14.124.487,74 4,73% 1.461 4,88%

Bremen 1.707.131,96 0,57% 177 0,59%

Hamburg 2.820.812,98 0,94% 284 0,95%

Hesse 19.850.372,26 6,64% 1.963 6,55%

Lower Saxony 30.642.843,71 10,25% 3.124 10,43%

Mecklenburg-Western Pomerania12.166.665,56 4,07% 1.241 4,14%

North Rhine-Westphalia 59.464.818,42 19,90% 6.205 20,72%

Rhineland-Palatinate 15.346.181,55 5,14% 1.488 4,97%

Saarland 3.603.154,80 1,21% 367 1,23%

Saxonia 20.268.945,48 6,78% 2.067 6,90%

Saxony-Anhalt 15.508.622,90 5,19% 1.579 5,27%

Schleswig-Holstein 9.967.110,78 3,34% 1.033 3,45%

Thuringia 18.491.052,35 6,19% 1.720 5,74%

n/a 783.436,96 0,26% 76 0,25%

Total 298.834.791,08 100,00% 29.954 100,00%


Santander-Platz 1




Period No 23

9.1 Geographical Distribution (Graph) Monthly Period Mai 2020



0

10.000.000

20.000.000

30.000.000

40.000.000

50.000.000

60.000.000

70.000.000

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Santander-Platz 1




Period No 23

10. Object/Vehicle Type Monthly Period Mai 2020



Vehicle Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

New Vehicle 135.771.791,93 45,43% 10.545 35,20%Used Vehicle 163.062.999,15 54,57% 19.409 64,80%

Total 298.834.791,08 100,00% 29.954 100,00%

Object Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Car 294.725.552,64 98,62% 29.338 97,94%

Leisure 2.167.666,11 0,73% 166 0,55%

Motorbike 1.902.187,90 0,64% 432 1,44%Trailer 39.384,43 0,01% 18 0,06%

Total 298.834.791,08 100,00% 29.954 100,00%


Santander-Platz 1




Period No 23

11. Insurances Monthly Period Mai 2020



Payment Protection

Insurance

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 76.043.474,14 25,45% 7.443 24,85%Yes 222.791.316,94 74,55% 22.511 75,15%

Total 298.834.791,08 100,00% 29.954 100,00%

Gap Insurance

(Santander Safe)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 203.391.068,01 68,06% 20.798 69,43%Yes 95.443.723,07 31,94% 9.156 30,57%

Total 298.834.791,08 100,00% 29.954 100,00%

Repair Cost Insurance

(Santander AutoCare)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 278.672.179,80 93,25% 27.787 92,77%Yes 20.162.611,28 6,75% 2.167 7,23%

Total 298.834.791,08 100,00% 29.954 100,00%


Santander-Platz 1




Period No 23

12. Type of Contract Monthly Period Mai 2020



Contracts w/Balloon Payments

Current Principal Balance

in EUR

Percentage of Total


Percentage of Total

Loans

No 68.479.768,58 22,92% 11.598 38,72%

Yes 230.355.022,50 77,08% 18.356 61,28%

- of which balloon rates 154.442.325,53 51,68%

- of which regular installments 75.912.696,97 25,40%

Total 298.834.791,08 100,00% 29.954 100,00%

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

13:25 5.070,00 0,00% 1 0,01%

26:38 15.500.066,48 10,04% 1.636 8,91%

39:51 40.473.931,48 26,21% 4.846 26,40%

52:64 98.139.756,08 63,54% 11.850 64,56%

65:72 78.104,50 0,05% 5 0,03%73: 245.396,99 0,16% 18 0,10%

Total 154.442.325,53 100,00% 18.356 100,00%

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 31.773.336,07 20,57% 3.583 19,52%

13:25 55.424.724,86 35,89% 6.791 37,00%

26:38 66.987.064,61 43,37% 7.963 43,38%

39:51 86.689,44 0,06% 7 0,04%52:64 170.510,55 0,11% 12 0,07%

Total 154.442.325,53 100,00% 18.356 100,00%


Santander-Platz 1




Period No 23

13. Payment Methods Monthly Period Mai 2020



Payment Method

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Direct Debit 296.438.700,73 99,20% 29.679 99,08%Other 2.396.090,35 0,80% 275 0,92%

Total 298.834.791,08 100,00% 29.954 100,00%

Cycle of Payment

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

15th of month 132.155.553,76 44,22% 13.215 44,12%1st of month 166.679.237,32 55,78% 16.739 55,88%

Total 298.834.791,08 100,00% 29.954 100,00%


Santander-Platz 1




Period No 23

14. Downpayment Monthly Period Mai 2020



Downpayment

(Ranges in EUR)

Current Principal

Balance in EUR

Percentage of

Total Balance Number of Loans

Percentage of Total

Loans

Downpayment /

Purchase Price in %

No Downpayment 87.894.340,54 29,41% 8.754 29,22% 0,00%

0: 999 8.672.441,19 2,90% 1.124 3,75% 4,35%

1000: 1999 21.783.758,46 7,29% 2.680 8,95% 9,42%

2000: 2999 28.458.937,54 9,52% 3.188 10,64% 14,37%

3000: 3999 25.428.401,25 8,51% 2.667 8,90% 18,53%

4000: 4999 20.571.591,80 6,88% 2.065 6,89% 22,45%

5000: 5999 25.680.750,20 8,59% 2.387 7,97% 24,57%

6000: 6999 14.955.560,25 5,00% 1.431 4,78% 28,72%

7000: 7999 10.922.855,74 3,66% 1.027 3,43% 31,56%

8000: 8999 10.506.755,31 3,52% 957 3,19% 33,87%

9000: 9999 6.138.728,62 2,05% 538 1,80% 36,02%

10000:10999 12.449.541,68 4,17% 1.061 3,54% 36,73%

11000:11999 3.949.033,33 1,32% 334 1,12% 40,33%

12000:12999 3.824.218,35 1,28% 339 1,13% 42,28%

13000:13999 3.030.978,28 1,01% 263 0,88% 43,83%

14000:14999 2.408.010,71 0,81% 199 0,66% 44,53%

15000:15000 2.896.277,21 0,97% 244 0,81% 45,43%15001: 9.262.610,62 3,10% 696 2,32% 50,51%

Total 298.834.791,08 100,00% 29.954 100,00% 20,17%

Downpayment and

Purchase Price All Contracts

Contracts with

Downpayment

Average downpayment 3.767,62€ 5.323,37€

Average Purchase Price 18.677,18€ 20.092,05€

Mimimum Downpayment 94,00€

Maximum Downpayment 64.000,00€

Downpayment in % 20,17% 26,49%


Santander-Platz 1




Period No 23

15. Effective Interest Rate Monthly Period Mai 2020



Yield Range*

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 0 397.837,69 0,13% 34 0,11%

1: 1 48.382.923,50 16,19% 3.892 12,99%

2: 2 101.911.461,07 34,10% 9.002 30,05%

3: 3 112.893.249,71 37,78% 11.561 38,60%

4: 4 25.246.060,47 8,45% 3.545 11,83%

5: 5 7.173.960,36 2,40% 1.306 4,36%

6: 6 1.888.348,25 0,63% 402 1,34%

7: 7 521.659,96 0,17% 112 0,37%

8: 8 338.768,17 0,11% 71 0,24%

9: 9 63.503,81 0,02% 23 0,08%10:10 17.018,09 0,01% 6 0,02%

Total 298.834.791,08 100,00% 29.954 100,00%

Statistics in %

WA Interest 3,32%

*runs from .00 to .99


Santander-Platz 1




Period No 23

15.1 Effective Interest Rate (Graph) Monthly Period Mai 2020



*runs from .00 to .99

0

20.000.000

40.000.000

60.000.000

80.000.000

100.000.000

120.000.000

0: 0 1: 1 2: 2 3: 3 4: 4 5: 5 6: 6 7: 7 8: 8 9: 9 10:10

Cu

rren

t P

rin

cip

al

Bala

nc

e

Yield Range*


Santander-Platz 1




Period No 23

16. Seasoning Monthly Period Mai 2020



Seasoning in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

24:26 20.878.980,24 6,99% 1.851 6,18%

27:29 77.909.322,64 26,07% 7.360 24,57%

30:32 71.731.045,90 24,00% 6.989 23,33%

33:35 58.173.020,03 19,47% 5.889 19,66%

36:38 34.201.155,15 11,44% 3.581 11,95%

39:41 12.992.779,35 4,35% 1.413 4,72%

42:44 9.682.215,62 3,24% 1.118 3,73%

45:47 7.172.459,16 2,40% 843 2,81%

48:50 2.881.487,00 0,96% 364 1,22%

51:53 1.430.698,89 0,48% 189 0,63%

54:56 903.610,27 0,30% 136 0,45%

57:59 614.926,69 0,21% 130 0,43%

60:62 153.361,15 0,05% 41 0,14%

63:65 38.270,71 0,01% 12 0,04%

66:68 44.411,06 0,01% 18 0,06%

69:71 22.425,54 0,01% 14 0,05%

72:74 3.803,94 0,00% 3 0,01%81: 817,74 0,00% 3 0,01%

Total 298.834.791,08 100,00% 29.954 100,00%

Statistics

WA Seasoning 32,62


Santander-Platz 1




Period No 23

16.1 Seasoning (Graph) Monthly Period Mai 2020



0

10.000.000

20.000.000

30.000.000

40.000.000

50.000.000

60.000.000

70.000.000

80.000.000

90.000.000

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 81:

Cu

rre

nt

Pri

nc

ipa

l B

ala

nc

e

Seasoning in Months


Santander-Platz 1




Period No 23

17. Remaining Term Monthly Period Mai 2020



Remaining Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 6 15.726.019,36 5,26% 2.830 9,45%

7:13 28.794.753,52 9,64% 3.865 12,90%

14:20 45.040.165,75 15,07% 5.057 16,88%

21:27 65.651.818,96 21,97% 5.958 19,89%

28:34 104.965.561,93 35,12% 8.331 27,81%

35:41 7.655.999,35 2,56% 945 3,15%

42:48 12.148.640,10 4,07% 1.322 4,41%

49:55 10.453.451,72 3,50% 945 3,15%

56:62 8.357.018,33 2,80% 698 2,33%63:69 41.362,06 0,01% 3 0,01%

Total 298.834.791,08 100,00% 29.954 100,00%

Statistics

WA Remaining Term 26,30


Santander-Platz 1




Period No 23

17.1 Remaining Term (Graph) Monthly Period Mai 2020



0

20.000.000

40.000.000

60.000.000

80.000.000

100.000.000

120.000.000

0: 6 7:13 14:20 21:27 28:34 35:41 42:48 49:55 56:62 63:69

Cu

rre

nt

Pri

nc

ipa

l B

ala

nc

e

Remaining Term in Months


Santander-Platz 1




Period No 23

18. Original Term Monthly Period Mai 2020



Original Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

13:25 5.861,54 0,00% 3 0,01%

26:38 19.281.226,88 6,45% 3.360 11,22%

39:51 61.111.791,51 20,45% 7.235 24,15%

52:64 177.469.167,96 59,39% 14.987 50,03%

65:77 17.473.586,11 5,85% 2.194 7,32%

78: 23.493.157,08 7,86% 2.175 7,26%

Total 298.834.791,08 100,00% 29.954 100,00%

Statistics

WA Original Term 58,92


Santander-Platz 1




Period No 23

18.1 Original Term (Graph) Monthly Period Mai 2020



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

13:25 26:38 39:51 52:64 65:77 78:

Cu

rre

nt

Pri

nc

ipa

l B

ala

nc

e

Original Term in Months


Santander-Platz 1




Period No 23

19. Manufacturer Brands Monthly Period Mai 2020



Manufacturer

brands

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

1 39.776.630,84 13,31% 3.200 10,68%

2 36.220.950,83 12,12% 3.143 10,49%

3 28.304.209,54 9,47% 3.023 10,09%

4 24.347.378,40 8,15% 2.705 9,03%

5 23.985.907,87 8,03% 1.946 6,50%

6 22.522.835,32 7,54% 2.921 9,75%

7 14.565.298,03 4,87% 1.269 4,24%

8 13.115.958,50 4,39% 1.421 4,74%

9 12.459.085,91 4,17% 1.146 3,83%

10 11.328.243,61 3,79% 866 2,89%

11 10.814.213,67 3,62% 1.104 3,69%

12 9.921.366,01 3,32% 1.061 3,54%

13 5.614.493,01 1,88% 675 2,25%

14 5.227.540,23 1,75% 570 1,90%

15 3.875.390,94 1,30% 487 1,63%

262.079.502,71 87,70% 25.537 85,25%

TOP 15 manufacturer brands in alphabetical order:

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


Santander-Platz 1




Period No 23

20. Priority of Payments + Transaction Costs Monthly Period Mai 2020



Priority of Payments

Available Distribution Amount 14.082.988,59 €

Senior Expenses - 53.148,11 €

Net Swap Payments - 38.945,40 €

Interest Notes Class A - 4.544,10 €

Interest Notes Class B - 19.886,10 €

Payments to Liquidity Reserve Fund - 2.700.894,67 €

Principal Payments Class A - 10.254.631,20 €

Principal Payments Class B - - €

Payment due to rounding differences - 44,62 €

Payments to Reserve Fund - - € Payments to Commingling Reserve Ledger - n/a

Payments to Set-Off Reserve Ledger - n/a

Swap Termination Payments - n/a

Interest Commingling/Set-Off Reserve - - €

Interest Subordinated Loan - 1.968,56 €

Principal Payments Subordinated Loan - 120.958,89 €

Payments to Seller = 887.966,94 €

Transaction Costs All notes Class A Class B Senior Expenses 53.148,11 €-

Interest accrued for the Period 24.430,20 €- 4.544,10 €- 19.886,10 €-

Cumulative Interest accrued 640.824,60 €- 166.280,40 €- 474.544,20 €-

Interest Payments 24.430,20 €- 4.544,10 €- 19.886,10 €-

Cumulative Interest Payments 640.824,60 €- 166.280,40 €- 474.544,20 €-

Interest accrued on Subordinated Loan for the Period 1.968,56 €-

Cumulative Interest accrued on Subordinated Loan 70.386,17 €-

Interest Payments on Subordinated Loan 1.968,56 €-

Cumulative Interest Payments on Subordinated Loan 70.386,17 €-

Unpaid Interest for the Period - €

Cumulative Unpaid Interest - €


Santander-Platz 1




Period No 23

21.1 Swap Counterparty 1 Monthly Period Mai 2020



Swap Counterparty Swap Counterparty ABN AMRO

Swap Rating Trigger Breach no

RTG_DBRS_LT_BANK_DEPOSITS RTG_DBRS_ST RTG_MDY_SEN_UNSECURED_DEBT RTG_MDY_SHORT_TERM_DEBT RTG_MDY_OUTLOOK

Rating Trigger & Current RatingsConsequenses

Long

Term

Short

TermOutlook

Long Term

(CRA)Long Term Outlook

Trigger

breachRTG_DBRS_SENIOR_UNSECURED RTG_DBRS_ST RTG_DBRS_OUTLOOK RTG_MDY_LT_CRA RTG_MDY_ST_CRA RTG_MDY_OUTLOOK

1st Rating Trigger

Collateral, Guarantee

or ReplacementA A3 (cr) A3

no

2nd Rating Trigger

Guarantee or

ReplacementBBB Baa3 (cr) Baa3

no

Current Counterparty Ratings AH R-1M STABLE Aa3(cr) A1 STABLE

Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap ABN AMRO Bank N.V. Old Counterparty ABN AMRO

Notional Amount 135.044.733,45 c/o Operations Markets Treasury & Derivatives Current Counterparty ABN AMRO

Fixed Rate -0,2000% Gustav Mahlerlaan 10

Floating Rate (Euribor) -0,3790% 1082 PP Amsterdam

Net Swap Payments -19.472,70 The Netherlands

Notional Amount next period 129.917.417,85 Phone +31 20 383 1164

Email: [email protected]

Swap CollateralBegining of Period - €

Cash Outflow - €

Cash Inflow - €

End of Period - €

Ratings as of 30.04.2020, data source: Bloomberg

DBRS Moody's


Santander-Platz 1




Period No 23

21.2 Swap Counterparty 2 Monthly Period Mai 2020



Swap Counterparty Swap Counterparty DZ Bank AG

Swap Rating Trigger Breach no

RTG_DBRS_LT_BANK_DEPOSITS RTG_DBRS_ST RTG_MDY_LT_CRA RTG_MDY_SEN_UNSECURED_DEBT RTG_MDY_OUTLOOK

Rating Trigger & Current RatingsConsequenses

Long

Term

Short

TermOutlook

Long Term

(CRA)Long Term Outlook

Trigger

breachRTG_DBRS_SENIOR_UNSECURED RTG_DBRS_ST RTG_DBRS_OUTLOOK RTG_MDY_LT_CRA RTG_MDY_SEN_UNSECURED_DEBT RTG_MDY_OUTLOOK

1st Rating Trigger

Collateral, Guarantee

or ReplacementA A3 (cr) A3

no

2nd Rating Trigger

Guarantee or

ReplacementBBB Baa3 (cr) Baa3

no

Current Counterparty Ratings AAL R-1M STABLE Aa1(cr) Aa1 NEG

Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap DZ Bank AG Old Counterparty DZ Bank AG

Notional Amount 135.044.733,45 Kapitalmärkte Handel / ABS-Emissionen Current Counterparty DZ Bank AG

Fixed Rate -0,2000% Platz der Republik

Floating Rate (Euribor) -0,3790% 60265 Frankfurt am Main

Net Swap Payments -19.472,70 Germany

Notional Amount next period 129.917.417,85 Phone +49 69 7447 4341

Email: [email protected]

Swap CollateralBegining of Period - €

Cash Outflow - €

Cash Inflow - €

End of Period - €


DBRS Moody's


Santander-Platz 1




Period No 23

22. Retention Monthly Period 13.05.2020



599.999.998,18 €

309.089.444,37 €

298.834.791,08 €

5.610.000,00 €

2.821.853,56 €

2.700.894,67 €

39.000.000,00 €

39.000.000,00 €

39.000.000,00 €

7,44%

13,53%

13,95%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 2018-1 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 the regulatory first loss tranche which is represented by the Subordinated Loan of at least 0,935% and by retaining the

regulatory second loss tranche which is represented by the Class B Notes of at least 4,065%.

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 2018-1 10.05.2020

Monthly Investor Report 13.05.2020

23

23. Counterparties Mai 2020

from 14.04.2020 to 13.05.2020 = 29 days

from 01.04.2020 to 30.04.2020

RTG_DBRS_LT_BANK_DEPOSITS RTG_DBRS_ST RTG_MDY_SEN_UNSECURED_DEBT RTG_MDY_SHORT_TERM_DEBT RTG_MDY_OUTLOOK

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

Counterparty

status

RTG_DBRS_SENIOR_UNSECURED RTG_DBRS_ST RTG_DBRS_OUTLOOK RTG_MDY_LT_CRA RTG_MDY_ST_CRA RTG_MDY_OUTLOOK

Joint Lead Managers: Banco Santander S.A. AH R-1M STABLE A3(cr) P-2(cr) STABLE performing

Santander Global Banking and Markets

2 Triton Square

Regent's Place

eMail: [email protected] London NW1 3AN

Phone: +44 20 7756 4309 United Kingdom

UniCredit Bank AG - - - A1(cr) P-1(cr) NEG performing

Arabellastr. 12eMail: [email protected] 81925 MunichPhone: +49 89 378 12679 Germany

Société Générale S.A. AH R-1M POS A1(cr) P-1(cr) STABLE performing

SG HouseeMail: [email protected] 41 Tower Hill, London EC3N 4SGPhone: +49 69 7174255 United Kingdom

Paying Agent: ABN AMRO Bank N.V. AH R-1M STABLE Aa3(cr) P-1(cr) STABLE performing

Gustav Mahlerlaan 10eMail: [email protected] 1082 PP AmsterdamPhone: +31 20 628 0708 The Netherlands

Transaction Account: ABN AMRO Bank N.V. AH R-1M STABLE Aa3(cr) P-1(cr) STABLE performing

Gustav Mahlerlaan 10eMail: [email protected] 1082 PP AmsterdamPhone: +31 (0)20 383204 2 The Netherlands

Transaction Security Trustee: TMF Trustee Limited - - - - - - performing

6 St Andrew Street eMail: [email protected] London EC4A 3AE Phone: +44(0) 207 832 4900 United Kingdom

Data Trustee: TMF Deutschland AG - - - - - - performing

Eschenheimer Anlage 1eMail: [email protected] 60316 Frankfurt am MainPhone: +49 (0) 69 663698 0 Germany

Rating Agencies: DBRS Ratings Ltd. Moody's Deutschland GmbH

Structured Finance Structured Finance Monitoring

1 Minister Court, 10th floor, Mincing Lane An der Welle 5

EC3R 7 AA London 60322 Frankfurt am Main

United Kingom Germany


DBRS Moody's

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period

Collection Period


Santander-Platz 1




Period No 23

24. Issuer Information Monthly Period Mai 2020



Deal Name: SC Germany Auto 2018-1

Issuer: SC Germany Auto 2018-1 UG (haftungsbeschränkt)

The Managing Directors

Steinweg 3-5

60313 Frankfurt am Main

Germany

eMail [email protected]

fax +49 (0) 69 2992 5387

LEI: 5299000W44YCGN76D320

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 2018-1 10.05.2020


23

25. Santander Consumer Bank Mai 2020

from 14.04.2020 to 13.05.2020 = 29 days

from 01.04.2020 to 30.04.2020

Contact DetailsCapital Markets

Tomasz Osipowicz +49-2161-690-7046 [email protected]

Robert Westermann +49-2161-690-7424 [email protected]

Michael Evers +49-2161-690-5761 [email protected]

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

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

Team ABS [email protected]

Ratings Santander

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

AH R-1M STABLE A3(cr) P-2(cr) STABLE

- - - A3(cr) P-2(cr) STABLE

- - - A1(cr) P-1(cr) POS



Moody's

Banco Santander S.A.

Santander Consumer Finance S.A.

DBRS

Collection Period

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period


Santander-Platz 1


mailto:[email protected]

mailto:[email protected]

SC Germany Auto 2018-1 10.05.2020


23

26. Glossary Mai 2020

from 14.04.2020 to 13.05.2020 = 29 days

from 01.04.2020 to 30.04.2020

Aggregate Outstanding Principal Amount: Shall mean in respect of all Purchased Receivables at any time, the aggregate of the Outstanding Principal Amounts of all Purchased Receivables

which, as of such time, are not defaulted receivables.

Balloon Loan: A loan where the final payment due is higher than any of the previous loan instalments payable by the relevant debtor.

Balloon Payment: The final payment of a balloon loan.

Defaulted Contracts/Defaults: Shall mean as of any date, any purchased receivable which has been declared due and payable in full in accordance to the Credit and Collection Policy

which in principal is between 120 and 180 calendar days after the due date.

Delinquent Receivable: Shall mean as of any date, any purchased receivable which is more than 30 days overdue and not a defaulted contract.

Downpayment: The initial upfront portion of the total net amount due at the time of finalizing the contract.

Excess Spread: Excess Spread equals WA Portfolio Yield minus Fixed Swap Rate minus WA Notes Margin

Gap Insurance: Insurance which covers the risk that loss is incurred if the relevant Financed Vehicle has to be completely written off (total damage) due to fire, accident (irrespective

of whether such accident was caused by the Debtor or a third party), flooding or theft

Legal Maturity: Final Payment date on which all outstanding notes will mature.

Expected Maturity: Maturity date of the notes under the assumption of inter alia (a) a 14% constant prepayment rate, (b) an exercised Clean-Up Call at 10%

and (c) 0% cumulative gross losses.

Leisure: Is composed of motorised and not motorised caravans and campers.

Payment Protection Insurance: Insurance, composed of life insurance and/or accident insurance and/or temporary disability insurance and/or unemployment insurance, which covers

the risk that a Debtor in its capacity as insured person is unable to pay the Loan Instalments owed by such Debtor life insurance

Recoveries: Any amount received on defaulted contracts

Repair Cost Insurance: Insurance which covers repair costs for the repair of certain important components of the Financed Vehicle

Set-Off Reserves (X/Y): Protection against set-off risks due to (X) capitalized service fees (e.g. Payment Protection Insurance, Gap Insurance, Repair Cost Insurance) and (Y) deposits

Used Vehicle Shall mean any Financed Vehicle the date of purchase of which by the relevant debtor was later than 12 months after the date of first registration

of such Financed Vehicle

Collection Period

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period


Santander-Platz 1


sc germany auto 2018-1 monthly investor report · 6.1 original pb (graph) 8 7. current principal...

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