sc germany consumer 2018-1 monthly investor report · 2020-06-02 · sc germany consumer 2018-1...

SC Germany Consumer 2018-1

Monthly Investor Report

SC Germany Consumer 2018-1 Reporting Date 11.05.2020

Monthly Investor Report Payment Date 13.05.2020

Period No 17

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

3.1 Delinquency Data 3

3.2 Default Data 4

4. Concentration Limits 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. Collateral 14

11. Insurances 15

12. Payment Methods 16

13. Effective Interest Rate 17

13.1 Effective Interest Rate (Graph) 18

14. Seasoning 19

14.1 Seasoning (Graph) 20

15. Remaining Term 21

15.1 Remaining Term (Graph) 22

16. Original Term 23

16.1 Original Term (Graph) 24

17. Loan Concentration 25

18. Priority of Payments + Transaction Costs 26

19. Retention 27

20. Counterparties 28

21. Issuer Information 29

22. Santander Consumer Bank 30

23. Glossary 31

Santander Consumer Bank AG

Santander-Platz 1

41061 Mönchengladbach



Period No 17

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 163.764 1.288.769.009,00 € 1.362.773.039,81 €

Scheduled Principal Payments 28.647.924,83 €

Prepayment Principal 28.162.875,75 €

Total Principal Collections 56.810.800,58 € 71.504.792,10 €

Total Interest Collections 6.118.355,27 € 6.434.917,64 €

Defaults 159.539,16 € 2.499.238,71 €

Replenishment Amount - € - €

End of Period 157.564 1.231.798.669,26 € 1.288.769.009,00 €

Purchase Shortfall Amount - € - €

Total Assets (End of Period) 1.231.798.680,37 € 1.288.769.111,63 €

Current Prepayment Rate (annualised) 23,3%

Loans under German COVID-19 Mitigation Act 3.680 67.083.780,86 € - €


Santander-Platz 1




Period No 17

2. Reserve Accounts Monthly Period Mai 2020



Note BalanceBeginning of Period 1.306.939.040,00 €

End of Period 1.250.003.531,20 €

Reserve AccountsLiquidity Reserve in % Trigger Event y/n

Beginning of Period 0,4% 5.054.695,20 €

Cash Outflow - €

Cash Inflow 284.677,54 €

End of Period 0,4% 4.770.017,66 €

Required Liquidity Reserve Fund 0,4% 4.770.017,66 €

Commingling Reserve in %

Beginning of Period 0,00% - € no

Cash Outflow - €

Cash Inflow - €

End of Period 0,00% - €

Required Commingling Reserve Fund - €

Set-Off Reserve in %

Beginning of Period 0,00% - € no

Cash Outflow - €

Cash Inflow - €

End of Period 0,00% - €

Required Set-Off Reserve Fund - €

Current Set-Off Amount - €

Set-Off Amount (per Loan) - €

Set-Off Amount (in % of Outstanding Balance) 0,00%


Santander-Platz 1




Period No 17

3.1 Delinquency Data Monthly Period Mai 2020




End of Period 1.250.003.531,20 €

Delinquency Data and Ratios3-MRA* /

current ratio Amount at risk Overdue amount

Number of

Loans

3-MRA* 1- 30 days past due 0,52%

1- 30 days past due period before previous period 6.528.009,30 € 146.232,35 € 611

1- 30 days past due previous period 7.733.440,20 € 158.534,83 € 686

1- 30 days past due current period 0,48% 6.299.634,44 € 132.887,87 € 566

3-MRA* 31- 60 days past due 0,44%




3-MRA* 61-90 days past due 0,22%









121- 150 days past due period before previous period 564.188,54 € 62.367,81 € 84

121- 150 days past due previous period 703.927,80 € 78.066,06 € 101

121- 150 days past due current period 0,06% 817.108,33 € 89.346,10 € 102


151- 180 days past due period before previous period 244.367,22 € 31.767,44 € 39

151- 180 days past due previous period 172.805,22 € 28.018,35 € 47

151- 180 days past due current period 0,02% 298.472,25 € 45.981,27 € 62

* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 17

3.2 Default Data Monthly Period Mai 2020




End of Period 1.250.003.531,20 €

Default Data and Ratios Amount Number of Loans

Current Default

Current Period Gross Default 159.539,16 €

Current Period Recoveries 124.616,70 €

Current Period Net Default 34.922,46 €

New Number of Defaulted Contracts 5

Cumulative Default

Cumulative Gross Default 18.830.358,70 €

Cumulative Recoveries 625.507,87 €

Cumulative Net Default 18.204.850,83 €

Total Number of Defaulted Contracts 1.618

3-MRA* /

current ratio Ratio

3-MRA* Annualised Loss Ratio (Neue Rechtsakten) 1,12%

Annualised Loss Ratio period before previous period 1,20%

Annualised Loss Ratio previous period 2,11%

Annualised Loss Ratio current period 0,03% 0,03%

Principal Deficiency Ledgers

Class A PDL Sub-Ledger

Class A PDL Sub-Ledger period before previous period - €

Class A PDL Sub-Ledger previous period - €

Class A PDL Sub-Ledger current period - €

Junior PDL Sub-Ledger

Junior PDL Sub-Ledger period before previous period 15.775.045,01 €

Junior PDL Sub-Ledger previous period 18.169.928,37 €

Junior PDL Sub-Ledger current period 18.204.850,83 €

* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 17

4. Concentration Limits Monthly Period Mai 2020



Current Transaction Status Amortizing

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

Average Yield (applicable for Total Portfolio) 5,80% - - no

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

Early Amortisation Events Maximum-Trigger Current Value Trigger Breach

Cumulative Default Ratio

- prior to 31 December 2019 1,00% - no

Purchase Shortfall Event no

Period before previous period -

Previous period -

Current period -

Pricipal Defiency Event no


Santander-Platz 1




Period No 17

5. Outstanding Notes Monthly Period Mai 2020



1. Note Balance All notes Class A Class B Class C Class D Class E Class FGeneral Note Information

ISIN Code XS1920371074 XS1920371405 XS1920372049 XS1920372395 XS1920372551 XS1920372635

Currency EUR EUR EUR EUR EUR EUR

Initial Tranching in % 81,5% 4,3% 3,8% 1,3% 7,6% 1,6%

Legal Maturity Dez 2031 Dez 2031 Dez 2031 Dez 2031 Dez 2031 Dez 2031

Expected Maturity Aug 2022 Jan 2023 Mai 2023 Jun 2023 Jun 2023 Jun 2023

Original Rating (DBRS / S&P) AA(low) (sf) / AA- (sf) A (sf) / A (sf) BBB (sf) / BBB(sf) BB(high) (sf) / BB (sf) Not rated Not rated

Current Rating (DBRS / S&P)* D & S AA (low) (sf) / AA- (sf) A (sf) / A (sf) BBB (sf) / BBB (sf) BB (high) (sf) / BB (sf) n.r. / n.r. n.r. / n.r.

Initial Notes Aggregate Principal Outstanding Balance 1.600.000.000,00 € 1.304.000.000,00 € 68.000.000,00 € 60.000.000,00 € 20.000.000,00 € 122.000.000,00 € 26.000.000,00 €

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

Initial Number of Notes per Class 13.040 680 600 200 1.220 260

Current Note Information

Class Principal Outstanding Balance Beginning of Period 1.306.939.040,00 € 1.010.939.040,00 € 68.000.000,00 € 60.000.000,00 € 20.000.000,00 € 122.000.000,00 € 26.000.000,00 €

Replenishment - €

Amortisation 56.935.508,80 €

Redemption per Class 56.935.508,80 € 56.935.508,80 € - € - € - € - € - €

Redemption per Note 4.366,22 € - € - € - € - €

Class Principal Outstanding Balance End of Period 1.250.003.531,20 € 954.003.531,20 € 68.000.000,00 € 60.000.000,00 € 20.000.000,00 € 122.000.000,00 € 26.000.000,00 €

Current Tranching 76,3% 5,4% 4,8% 1,6% 9,8% 2,1%

Current Pool Factor 0,73 1,00 1,00 1,00 1,00 1,00

2. Payments to Investors per Note All notes Class A Class B Class C Class D Class E Class F Interest Rate Basis: 1 M-Euribor / Fixed / Floating 0,500% 1,200% 2,500% 3,250% 12,180% 38,500%

DayCount Convention 29 act/360 act/360 act/360 act/360 act/360 act/360

Interest Days

Principal Outstanding per Note Beginning of Period 77.526,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 €

> Principal Repayment per Note 4.366,22 € - € - € - € - €

Principal Outstanding per Note End of Period 73.159,78 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 €

> Interest accrued for the period 407.239,20 € 65.735,60 € 120.834,00 € 52.362,00 € 1.197.027,40 € 806.361,40 €

Interest Payment 407.239,20 € 65.735,60 € 120.834,00 € 52.362,00 € 1.197.027,40 € 806.361,40 €

Interest Payment per Note 31,23 € 96,67 € 201,39 € 261,81 € 981,17 € 3.101,39 €

3. Credit Enhancements Class A Class B Class C Class D Class E Class FInitial total CE (Subordination, Reserve) 18,5% 14,3% 10,5% 9,3% 1,6% 0,0%

Current CE 23,7% 18,2% 13,4% 11,8% 2,1% 0,0%

* Last rating action as of 21.12.2018


Santander-Platz 1




Period No 17

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: 1999 12.267.136,48 0,65% 9.602 6,09%

2000: 3999 97.645.462,71 5,19% 34.691 22,02%

4000: 5999 132.001.107,06 7,02% 27.166 17,24%

6000: 7999 89.134.678,37 4,74% 13.072 8,30%

8000: 9999 81.517.261,87 4,33% 9.240 5,86%

10000: 11999 129.338.591,16 6,88% 12.129 7,70%

12000: 13999 90.034.830,43 4,79% 7.013 4,45%

14000: 15999 100.757.764,38 5,36% 6.732 4,27%

16000: 17999 80.251.243,40 4,27% 4.730 3,00%

18000: 19999 72.752.517,67 3,87% 3.839 2,44%

20000: 21999 78.999.022,38 4,20% 3.778 2,40%

22000: 23999 72.513.076,44 3,85% 3.158 2,00%

24000: 25999 71.005.347,31 3,77% 2.842 1,80%

26000: 27999 67.712.800,29 3,60% 2.509 1,59%

28000: 29999 68.722.062,15 3,65% 2.370 1,50%

30000: 31999 58.280.376,83 3,10% 1.886 1,20%

32000: 33999 50.779.564,16 2,70% 1.541 0,98%

34000: 35999 50.142.149,70 2,67% 1.433 0,91%

36000: 37999 46.764.898,59 2,49% 1.265 0,80%

38000: 39999 40.714.311,83 2,16% 1.045 0,66%

40000: 41999 39.529.083,56 2,10% 966 0,61%

42000: 43999 36.166.359,82 1,92% 842 0,53%

44000: 45999 36.250.032,80 1,93% 806 0,51%

46000: 47999 33.976.838,31 1,81% 723 0,46%

48000: 49999 30.324.427,44 1,61% 619 0,39%

50000: 51999 31.128.417,12 1,65% 612 0,39%

52000: 53999 28.634.881,56 1,52% 540 0,34%

54000: 55999 25.114.836,84 1,34% 457 0,29%

56000: 57999 20.044.531,23 1,07% 352 0,22%

58000: 59999 16.446.327,65 0,87% 279 0,18%

60000: 61999 15.451.774,47 0,82% 254 0,16%

62000: 63999 12.333.708,59 0,66% 196 0,12%

64000: 65999 11.808.397,54 0,63% 182 0,12%

66000: 67999 9.499.577,82 0,50% 142 0,09%

68000: 69999 7.580.647,20 0,40% 110 0,07%

70000: 71999 5.815.583,19 0,31% 82 0,05%

72000: 73999 4.234.046,09 0,23% 58 0,04%

74000: 75999 4.801.110,52 0,26% 64 0,04%

76000: 77999 2.850.852,14 0,15% 37 0,02%

78000: 79999 2.768.988,83 0,15% 35 0,02%

80000: 81999 2.428.006,08 0,13% 30 0,02%

82000: 83999 2.157.427,65 0,11% 26 0,02%

84000: 85999 2.548.885,70 0,14% 30 0,02%

86000: 87999 696.103,40 0,04% 8 0,01%

88000: 89999 1.155.836,35 0,06% 13 0,01%

90000: 91999 1.092.498,30 0,06% 12 0,01%

92000: 93999 651.281,34 0,03% 7 0,00%

94000: 95999 760.782,83 0,04% 8 0,01%

96000: 97999 678.629,92 0,04% 7 0,00%

98000: 99999 495.845,08 0,03% 5 0,00%100001: 2.412.161,42 0,13% 21 0,01%

Total 1.881.172.084,00 100,00% 157.564 100,00%

Statistics in EUR

Average Amount 11.939,10


Santander-Platz 1




Period No 17

6.1 Original PB (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

Ori

gin

al P

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cip

al B

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Santander-Platz 1




Period No 17

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: 1999 48.305.341,56 3,92% 52.368 33,24%

2000: 3999 84.888.990,90 6,89% 29.157 18,50%

4000: 5999 75.481.334,99 6,13% 15.352 9,74%

6000: 7999 81.584.925,32 6,62% 11.704 7,43%

8000: 9999 76.906.908,80 6,24% 8.603 5,46%

10000:11999 72.035.870,95 5,85% 6.572 4,17%

12000:13999 67.265.083,92 5,46% 5.194 3,30%

14000:15999 64.683.903,69 5,25% 4.318 2,74%

16000:17999 64.358.487,11 5,22% 3.790 2,41%

18000:19999 59.578.296,74 4,84% 3.141 1,99%

20000:21999 57.655.429,23 4,68% 2.747 1,74%

22000:23999 53.905.571,24 4,38% 2.348 1,49%

24000:25999 48.529.793,24 3,94% 1.944 1,23%

26000:27999 43.430.168,04 3,53% 1.611 1,02%

28000:29999 38.885.894,85 3,16% 1.342 0,85%

30000:31999 36.105.824,61 2,93% 1.166 0,74%

32000:33999 33.430.868,79 2,71% 1.014 0,64%

34000:35999 31.295.817,41 2,54% 895 0,57%

36000:37999 29.526.986,39 2,40% 798 0,51%

38000:39999 24.019.677,17 1,95% 616 0,39%

40000:41999 23.225.705,47 1,89% 567 0,36%

42000:43999 19.970.441,52 1,62% 465 0,30%

44000:45999 18.022.989,38 1,46% 401 0,25%

46000:47999 14.178.754,68 1,15% 302 0,19%

48000:49999 12.293.796,70 1,00% 251 0,16%

50000:51999 10.203.744,80 0,83% 200 0,13%

52000:53999 9.700.394,84 0,79% 183 0,12%

54000:55999 5.609.834,42 0,46% 102 0,06%

56000:57999 5.295.391,94 0,43% 93 0,06%

58000:59999 3.833.409,73 0,31% 65 0,04%

60000:61999 3.530.582,40 0,29% 58 0,04%

62000:63999 2.831.061,01 0,23% 45 0,03%

64000:65999 1.620.985,70 0,13% 25 0,02%

66000:67999 2.336.641,93 0,19% 35 0,02%

68000:69999 1.171.736,87 0,10% 17 0,01%

70000:71999 780.106,43 0,06% 11 0,01%

72000:73999 1.238.406,42 0,10% 17 0,01%

74000:75999 373.940,43 0,03% 5 0,00%

76000:77999 615.890,79 0,05% 8 0,01%

78000:79999 395.305,34 0,03% 5 0,00%80001: 2.694.373,51 0,22% 29 0,02%

Total 1.231.798.669,26 100,00% 157.564 100,00%

Statistics in EUR

Average Amount 7.817,77


Santander-Platz 1




Period No 17

7.1 Current PB (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

Cu

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Santander-Platz 1




Period No 17

8. Borrower Concentration Monthly Period Mai 2020



No

Current Principal

Balance in EUR

Percentage of Total


1 142.549,74 0,0116% 1

2 123.863,21 0,0101% 1

3 111.505,08 0,0091% 1

4 110.008,40 0,0089% 1

5 109.554,41 0,0089% 1

6 100.733,63 0,0082% 1

7 97.916,35 0,0079% 1

8 95.286,77 0,0077% 1

9 94.791,93 0,0077% 1

10 91.646,61 0,0074% 1

11 90.877,17 0,0074% 1

12 90.469,87 0,0073% 1

13 89.419,20 0,0073% 1

14 89.057,84 0,0072% 1

15 88.440,98 0,0072% 1

16 88.169,99 0,0072% 1

17 87.993,03 0,0071% 2

18 85.682,19 0,0070% 1

19 85.477,74 0,0069% 1

20 84.587,68 0,0069% 1

21 83.635,80 0,0068% 1

22 83.222,69 0,0068% 1

23 82.986,54 0,0067% 1

24 82.929,93 0,0067% 1

25 82.881,38 0,0067% 1

2.373.688,16 0,1927% 26


Santander-Platz 1




Period No 17

9. Geographical Distribution Monthly Period Mai 2020



State

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

BADEN-WÜRTTEMBERG 142.378.291,50 11,56% 18.137 11,51%

BAYERN 145.255.724,07 11,79% 19.093 12,12%

BERLIN 55.597.306,33 4,51% 7.504 4,76%

BRANDENBURG 56.199.107,95 4,56% 7.172 4,55%

BREMEN 10.308.226,92 0,84% 1.317 0,84%

HAMBURG 21.194.218,59 1,72% 3.033 1,92%

HESSEN 86.323.369,54 7,01% 10.892 6,91%

MECKLENBURG-VORPOMMERN 44.652.777,43 3,63% 5.308 3,37%

NIEDERSACHSEN 121.578.574,75 9,87% 15.584 9,89%

NORDRHEIN-WESTFALEN 277.317.234,80 22,51% 34.453 21,87%

RHEINLAND-PFALZ 66.612.441,15 5,41% 7.863 4,99%

SAARLAND 18.012.952,75 1,46% 2.115 1,34%

SACHSEN 57.891.416,73 4,70% 8.031 5,10%

SACHSEN-ANHALT 49.656.197,57 4,03% 6.239 3,96%

SCHLESWIG-HOLSTEIN 37.980.705,65 3,08% 5.428 3,44%

THÜRINGEN 40.183.471,82 3,26% 5.323 3,38%

n/a 656.651,71 0,05% 72 0,05%

THÜRINGEN 1.231.798.669,26 100,00% 157.564 100,00%


Santander-Platz 1




Period No 17

9.1 Geographical Distribution (Graph) Monthly Period Mai 2020



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

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Santander-Platz 1




Period No 17

10. Collateral Monthly Period Mai 2020



Collateral

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loanssecured 257.421.755,75 20,90% 12.292 7,80%unsecured 974.376.913,51 79,10% 145.272 92,20%

Total 1.231.798.669,26 100,00% 157.564 100,00%


Santander-Platz 1




Period No 17

11. Insurances Monthly Period Mai 2020



Payment Protection

Insurance

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 263.872.546,03 21,42% 67.076 42,57%Yes 967.926.123,23 78,58% 90.488 57,43%

Total 1.231.798.669,26 100,00% 157.564 100,00%


Santander-Platz 1




Period No 17

12. Payment Methods Monthly Period Mai 2020



Payment Method

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

LoansDirect Debit 1.196.799.894,80 97,16% 154.492 98,05%Other 34.998.774,46 2,84% 3.072 1,95%

Total 1.231.798.669,26 100,00% 157.564 100,00%

Cycle of Payment

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans15th of month 347.876.562,96 28,24% 44.516 28,25%1st of month 883.922.106,30 71,76% 113.048 71,75%

Total 1.231.798.669,26 100,00% 157.564 100,00%


Santander-Platz 1




Period No 17

13. Effective Interest Rate Monthly Period Mai 2020



Yield Range*

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans 0: 0 399.457,89 0,03% 1.356 0,86%

1: 1 15.500.170,18 1,26% 18.480 11,73%

2: 2 87.492.469,04 7,10% 31.591 20,05%

3: 3 126.791.557,88 10,29% 20.332 12,90%

4: 4 190.738.141,06 15,48% 20.085 12,75%

5: 5 267.326.381,29 21,70% 23.790 15,10%

6: 6 175.677.586,37 14,26% 14.604 9,27%

7: 7 268.928.820,56 21,83% 18.536 11,76%

8: 8 68.181.926,01 5,54% 5.501 3,49%

9: 9 27.961.207,77 2,27% 2.886 1,83%

10:10 2.424.545,91 0,20% 335 0,21%

11:11 322.934,80 0,03% 54 0,03%12:12 53.470,50 0,00% 14 0,01%

Total 1.231.798.669,26 100,00% 157.564 100,00%

Statistics in %

WA Interest 6,03%

*runs from .00 to .99


Santander-Platz 1




Period No 17

13.1 Effective Interest Rate (Graph) Monthly Period Mai 2020



*runs from .00 to .99

0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

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

Cu

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Yield Range*


Santander-Platz 1




Period No 17

14. Seasoning Monthly Period Mai 2020



Seasoning in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans12:14 87.529.077,58 7,11% 7.500 4,76%

15:17 168.417.142,61 13,67% 15.609 9,91%

18:20 216.244.225,67 17,56% 25.912 16,45%

21:23 206.788.376,03 16,79% 28.637 18,17%

24:26 163.395.688,84 13,26% 22.001 13,96%

27:29 99.836.383,70 8,10% 14.989 9,51%

30:32 94.781.909,76 7,69% 14.376 9,12%

33:35 60.972.189,00 4,95% 9.329 5,92%

36:38 46.410.999,81 3,77% 6.936 4,40%

39:41 30.259.963,17 2,46% 3.978 2,52%

42:44 25.257.020,39 2,05% 3.530 2,24%

45:47 15.205.832,07 1,23% 2.226 1,41%

48:50 7.072.415,60 0,57% 1.020 0,65%

51:53 3.601.116,54 0,29% 492 0,31%

54:56 2.362.625,56 0,19% 368 0,23%

57:59 810.243,53 0,07% 133 0,08%

60:62 755.101,50 0,06% 125 0,08%

63:65 456.975,00 0,04% 78 0,05%

66:68 536.291,16 0,04% 102 0,06%

69:71 573.663,96 0,05% 98 0,06%

72:74 189.634,06 0,02% 34 0,02%

75:77 58.039,88 0,00% 8 0,01%

78:80 51.501,52 0,00% 7 0,00%

81: 232.252,32 0,02% 76 0,05%

Total 1.231.798.669,26 100,00% 157.564 100,00%

Statistics

WA Seasoning 24,36


Santander-Platz 1




Period No 17

14.1 Seasoning (Graph) Monthly Period Mai 2020



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

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 17

15. Remaining Term Monthly Period Mai 2020



Remaining Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans 0: 6 8.587.281,20 0,70% 17.945 11,39%

7: 13 26.052.446,75 2,11% 17.685 11,22%

14: 20 47.841.820,69 3,88% 18.712 11,88%

21: 27 58.818.095,59 4,77% 14.278 9,06%

28: 34 85.250.677,70 6,92% 14.547 9,23%

35: 41 113.018.904,55 9,18% 13.960 8,86%

42: 48 100.172.937,09 8,13% 10.069 6,39%

49: 55 111.001.271,40 9,01% 9.392 5,96%

56: 62 136.688.229,80 11,10% 10.456 6,64%

63: 69 162.938.416,87 13,23% 11.159 7,08%

70: 76 168.327.690,70 13,67% 9.202 5,84%

77: 83 182.923.228,14 14,85% 8.883 5,64%

84: 90 29.774.910,86 2,42% 1.262 0,80%

91: 97 244.135,44 0,02% 8 0,01%

98:104 39.222,59 0,00% 2 0,00%

105:108 53.169,26 0,00% 2 0,00%109: 66.230,63 0,01% 2 0,00%

Total 1.231.798.669,26 100,00% 157.564 100,00%

Statistics

WA Remaining Term 55,31


Santander-Platz 1




Period No 17

15.1 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

140.000.000

160.000.000

180.000.000

200.000.000

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 98:104 105:108 109:

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Remaining Term in Months


Santander-Platz 1




Period No 17

16. Original Term Monthly Period Mai 2020



Original Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans 0: 20 544.113,59 0,04% 1.358 0,86%

21: 27 8.937.081,33 0,73% 12.147 7,71%

28: 34 4.285.798,32 0,35% 2.182 1,38%

35: 41 50.108.412,92 4,07% 29.940 19,00%

42: 48 14.615.056,13 1,19% 3.891 2,47%

49: 55 83.554.984,34 6,78% 22.177 14,07%

56: 62 150.509.604,93 12,22% 22.713 14,42%

63: 69 43.228.803,85 3,51% 3.635 2,31%

70: 76 125.436.037,35 10,18% 11.476 7,28%

77: 83 49.089.123,97 3,99% 2.726 1,73%

84: 90 220.882.980,27 17,93% 19.233 12,21%

91: 97 229.664.909,73 18,64% 13.116 8,32%

98:104 244.713.093,41 19,87% 12.669 8,04%

105:111 5.411.698,90 0,44% 249 0,16%

112:118 397.803,54 0,03% 29 0,02%

119: 419.166,68 0,03% 23 0,01%

Total 1.231.798.669,26 100,00% 157.564 100,00%

Statistics

WA Original Term 79,67


Santander-Platz 1




Period No 17

16.1 Original Term (Graph) Monthly Period Mai 2020



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

0: 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:

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Original Term in Months


Santander-Platz 1




Period No 17

17. Loan Concentration Monthly Period Mai 2020



Loan Concentration

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans Number of Debtors

Percentage of Total

Debtors

1: 1 1.207.557.477,32 98,03% 149.985 95,19% 149.985 97,69%

2: 2 22.122.475,83 1,80% 6.376 4,05% 3.188 2,08%

3: 3 1.519.753,03 0,12% 804 0,51% 268 0,17%

4: 4 361.235,57 0,03% 224 0,14% 56 0,04%

5: 5 167.474,65 0,01% 105 0,07% 21 0,01%

6: 6 31.561,35 0,00% 24 0,02% 4 0,00% 7: 38.691,51 0,00% 46 0,03% 6 0,00%

Total 1.231.798.669,26 100,00% 157.564 100,00% 153.528 100,00%


Santander-Platz 1




Period No 17

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



Available Interest Amount Available Principal Amount

Interest Collections + 6.118.355,27 € + 56.810.800,58 €

Interest Recoveries + - € + 124.616,70 €

Interest on Transaction and Purchase Shortfall Account + - € + - €

Principal Amount borrowed to cover interest shortfall + - € + - €

Available Interest Amount = 6.118.355,27 € + - €

+ - €

+ 102,63 €

= 56.935.519,91 €

Interest Priority of Payments Principal Priority of Payments

Available Interest Amount 6.118.355,27 € 56.935.519,91 €

Senior Expenses - - € - - €

Interest on Class A Notes - 407.239,20 € - - € Transfer to Available Prinicpal Amount for previous borrowed principal - - € - - €

Transfer to Available Prinicpal Amount to reduce Class A Notes PDL - - € - 56.935.519,91 €-

Interest on Class B Notes - 65.735,60 € - 56.935.508,80 €

Transfer to Available Prinicpal Amount for previous borrowed principal

amounts to cover Interest on Class B Notes - - € - - €

Interest on Class C Notes - 120.834,00 € - 11,11 €-


amounts to cover Interest on Class C Notes - - € - - €

Interest on Class D Notes - 52.362,00 € - - €


amounts to cover Interest on Class D Notes - - € - 11,11 €-

Interest on Class E Notes - 1.197.027,40 € - - €

Interest on Class F Notes - 806.361,40 € - - €

Cash Outflow for Fees on Commingling/Set-Off/Liquidity Reserve - 40,72 € - 11,11 €-

Remaining amount to Seller = 3.468.754,95 €

Transaction Costs All notes Class A Class B Class C Class D Class E Class F Senior Expenses -€

Interest accrued for the Period 2.649.559,60 €- 407.239,20 €- 65.735,60 €- 120.834,00 €- 52.362,00 €- 1.197.027,40 €- 806.361,40 €-

Cumulative Interest accrued 48.273.446,00 €- 8.917.012,80 €- 1.153.728,80 €- 2.120.832,00 €- 919.030,00 €- 21.009.815,20 €- 14.153.027,20 €-

Interest Payments 2.649.559,60 €- 407.239,20 €- 65.735,60 €- 120.834,00 €- 52.362,00 €- 1.197.027,40 €- 806.361,40 €-

Cumulative Interest Payments 48.273.446,00 €- 8.917.012,80 €- 1.153.728,80 €- 2.120.832,00 €- 919.030,00 €- 21.009.815,20 €- 14.153.027,20 €-

Unpaid Interest for the Period - €

Cumulative Unpaid Interest - €

Purchase Shortfall Amount

Principal Collections

Principal Recoveries

Purchase Shortfall Amount

Deemed Collections

Class A Notes PDL Cure

Interest Amount for previously borrowed Principal

Amount

Rounding Differences from previous period

Available Principal Amount

Available Principal Amount

Transfer to Interest Amount to cover Interest on Class A

Replenishment

Redemption Class D Notes

Redemption Class E Notes

Redemption Class F Notes

Clearing of rounding differences

Redemption Class A Notes

Transfer to Interest Amount to cover Interest on Class B

Redemption Class B Notes

Transfer to Interest Amount to cover Interest on Class C

Redemption Class C Notes

Transfer to Interest Amount to cover Interest on Class D


Santander-Platz 1




Period No 17

19. Retention Monthly Period Mai 2020



Outstanding Balance of the Class A Notes as of the Offer Date: 1.304.000.000,00 €

1.304.000.000,00 €

954.003.531,20 €

954.003.531,20 €

Outstanding Balance of the Class B Notes as of the Offer Date: 68.000.000,00 €

68.000.000,00 €

Outstanding Balance of the Class B Notes as of the end of the Monthly Period: 68.000.000,00 €

68.000.000,00 €

Outstanding Balance of the Class C Notes as of the Offer Date: 60.000.000,00 €

3.000.000,00 €

Outstanding Balance of the Class C Notes as of the end of the Monthly Period: 60.000.000,00 €

3.000.000,00 €

Outstanding Balance of the Class D Notes as of the Offer Date: 20.000.000,00 €

1.000.000,00 €

Outstanding Balance of the Class D Notes as of the end of the Monthly Period: 20.000.000,00 €

1.000.000,00 €

Outstanding Balance of the Class E Notes as of the Offer Date: 122.000.000,00 €

6.100.000,00 €

Outstanding Balance of the Class E Notes as of the end of the Monthly Period: 122.000.000,00 €

6.100.000,00 €

Outstanding Balance of the Class F Notes as of the Offer Date: 26.000.000,00 €

26.000.000,00 €

Outstanding Balance of the Class F Notes as of the end of the Monthly Period: 26.000.000,00 €

26.000.000,00 €

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

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

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 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 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:


Santander-Platz 1


SC Germany Consumer 2018-1 11.05.2020

Monthly Investor Report 13.05.2020

17

20. Counterparties Mai 2020

from 14.04.2020 to 13.05.2020 = 29 days

from 01.04.2020 to 30.04.2020

RTG_DBRS_SENIOR_UNSECURED RTG_DBRS_ST RTG_SP_LT_LC_ISSUER_CREDIT RTG_SP_ST_LC_ISSUER_CREDIT RTG_SP_OUTLOOK

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

Counterparty

status

RTG_DBRS_SENIOR_UNSECURED RTG_DBRS_ST RTG_DBRS_OUTLOOK RTG_SP_LT_LC_ISSUER_CREDIT RTG_SP_ST_LC_ISSUER_CREDIT RTG_SP_OUTLOOK

Join Lead Managers: Banco Santander S.A. AH R-1M STABLE A A-1 NEG performing

Santander Global Banking and Markets

2 Triton Square

Regent's Place

London NW1 3AN

United Kingdom

Paying Agent: HSBC Bank plc - - - AA- A-1+ NEG performing

Level 28, 8 Canada Square

London E14 5HQ

United Kingdom

Transaction Account: HSBC Bank plc - - - AA- A-1+ NEG performing

Level 28, 8 Canada Square

London E14 5HQ

United Kingdom

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

6 St Andrew Street

London EC4A 3AE

United Kingdom

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

Eschenheimer Anlage 1

60316 Frankfurt am Main

Germany

Rating Agencies: Standard & Poor's Ratings Services DBRS

Structured Finance Surveillance Team

20 Canada Square 1 Minster Court

E14 5LH London London EC3R 7AA

United Kingdom United Kingdom

Ratings as of 30.04.2020, data source: Bloomberg

DBRS S & P

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period

Collection Period


Santander-Platz 1




Period No 17

21. Issuer Information Monthly Period 01.05.2020



Deal Name: SC Germany Consumer 2018-1

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

The Managing Directors

Steinweg 3-5


Germany

eMail [email protected]

fax +49 (0) 69 2992 5387

LEI: 5299002IKYMFTWDCV672

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


Germany


fax +49 (0) 69 2992 5387


Santander-Platz 1




17

22. 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 A A-1 NEG

- - - A- A-2 NEG

- - - A- A-2 NEG

Ratings as of 30.04.2020, data source: Bloomberg


Santander Consumer Finance S.A.

DBRS

Banco Santander S.A.

S & P

Interest Period

Collection Period

Reporting Date

Payment Date

Period No

Monthly Period


Santander-Platz 1


mailto:[email protected]

mailto:[email protected]



17

23. 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.

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.

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

Legal Maturity: Final Payment date on which each Class A Note will be redeemed in full.

Expected Maturity: Maturity date of the notes under the assumption of inter alia (a) a 30% constant prepayment rate, (b) an exercised Clean-Up Call at 10%,

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

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

Collection Period

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period

sc germany consumer 2018-1 monthly investor report · 2020-06-02 · sc germany consumer 2018-1...

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