SC Germany Auto 2014-2 Monthly Investor Report

SC Germany Auto 2014-2

Monthly Investor Report

SC Germany Auto 2014-2 Reporting Date 09.08.2019

Monthly Investor Report Payment Date 12.08.2019

Period No 59

Cover Sheet Monthly Investor Report Monthly Period Aug 2019

Interest Period from 11.07.2019 to 12.08.2019 = 32 days

Collection Period from 01.07.2019 to 31.07.2019

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. Effective Interest Rate 19

16.1. Effective Interest Rate (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 59

1. Portfolio Information Monthly Period Aug 2019



current period previous period

Outstanding ReceivablesNo. of

Contracts

Aggregate Outstanding

Principal Amount

Aggregate Outstanding

Principal Amount

Beginning of Period 262.142 1.940.276.553,29 € 2.027.597.950,46 €

Scheduled Principal Payments 58.179.494,82 €

Prepayment Principal 34.014.201,40 €

Others 1.785.427,23 €

Total Principal Collections 93.979.123,45 € 86.929.292,36 €

Total Interest Collections 8.606.811,74 € 8.681.257,24 €

Defaults 542.632,72 € 392.104,81 €

Replenishment Amount - € - €

End of Period 251.575 1.845.754.797,12 € 1.940.276.553,29 €

Purchase Shortfall Amount 17,88 € 11,71 €

Total Assets (End of Period) 1.845.754.815,00 € 1.940.276.565,00 €

Current Prepayment Rate (annualised) 19,1%


Santander-Platz 1




Period No 59

2. Reserve Accounts Monthly Period Aug 2019



Note BalanceBeginning of Period 1.940.276.565,00 €

End of Period 1.845.754.815,00 €

Reserve AccountsReserve Account in % Trigger Event y/n

Beginning of Period 1,55% 30.000.000,00 €

Cash Outflow - €

Cash Inflow - €

End of Period 1,63% 30.000.000,00 €

Required Reserve Fund 1,63% 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 59

3. Delinquency Data Monthly Period Aug 2019




End of Period 1.845.754.815,00 €

Delinquency Data and Ratios3-MRA* /

current ratio Amount at risk Overdue amount

Number of

Loans

3-MRA* 1- 30 days past due 0,28%

1- 30 days past due period before previous period 6.262.451,20 € 639.813,09 € 742

1- 30 days past due previous period 4.568.661,30 € 482.361,86 € 544

1- 30 days past due current period 0,27% 5.274.043,71 € 580.801,63 € 639

3-MRA* 31- 60 days past due 0,23%




3-MRA* 61-90 days past due 0,10%









121- 150 days past due period before previous period 484.033,66 € 70.412,61 € 53

121- 150 days past due previous period 851.053,79 € 94.892,92 € 82

121- 150 days past due current period 0,03% 503.734,90 € 82.016,75 € 73


151- 180 days past due period before previous period 828.661,98 € 188.647,06 € 91

151- 180 days past due previous period 666.483,42 € 173.045,33 € 79

151- 180 days past due current period 0,05% 987.495,38 € 217.222,34 € 99

* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 59

4. Default Data Monthly Period Aug 2019




End of Period 1.845.754.815,00 €

Default Data and Ratios Amount Number of Loans

Current Default

Current Period Gross Default 542.632,72 €

Current Period Recoveries 206.206,09 €

Current Period Net Default 336.426,63 €

New Number of Defaulted Contracts 78

Cumulative Default

Cumulative Gross Default 28.545.438,73 €

Cumulative Recoveries 6.163.594,05 €

Cumulative Net Default 22.381.844,68 €

Total Number of Defaulted Contracts 4.026

3-MRA* /

current ratio Ratio

3-MRA* Annualised Net Default Ratio (New Default) 0,17%

Annualised Loss Ratio period before previous period 0,18%

Annualised Loss Ratio previous period 0,11%

Annualised Loss Ratio current period 0,22% 0,22%

Principal Deficiency Trigger Event y/n

Principal Deficiency period before previous period - € no

Principal Deficiency previous period - €

Principal Deficiency current period - €

PDL Trigger 2.500.000,00 €

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 59

5. Concentration Limits Monthly Period Aug 2019



Current Transaction Status Amortizing

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

New Vehicles (applicable for Replenishment Portfolio) 35,00% - - -

Average Yield (applicable for Total Portfolio) 4,25% - - -

Contracts with Balloon Rates (applicable for Total Portfolio) - 30,00% - -

Remaining Term (applicable for Total Portfolio) - 62,50 - -

Online Business (applicable for Total Portfolio) - 10,00% - -

Loans with Original Term of more than 90 months (applicable for Total Portfolio) - 37,00% - -

Early Amortisation Events Maximum-Trigger Current Value Trigger Breach

Cumulative Loss Ratio

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




Purchase Shortfall Event -

Period before previous period -

Previous period -

Current period -

Principal Deficiency Event -


Santander-Platz 1




Period No 59

6. Outstanding Notes Monthly Period Aug 2019



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)* AA (low) (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 1.940.276.565,00 € 1.835.276.565,00 € 105.000.000,00 €

Available Distribution Amount 132.792.152,99 €

Replenishment 0,00 €

Amortisation 94.521.750,00 €

Redemption per Class 94.521.750,00 € 94.521.750,00 € 0,00 €

Redemption per Note 3.265,00 € 0,00 €

Class Principal Outstanding Balance End of Period 1.845.754.815,00 € 1.740.754.815,00 € 105.000.000,00 €

Current Tranching 94,31% 5,69%

Current Pool Factor 0,60 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 32

Principal Outstanding per Note Beginning of Period 63.394,70 € 100.000,00 €

> Principal Repayment per Note 3.265,00 € 0,00 €

Principal Outstanding per Note End of Period 60.129,70 € 100.000,00 €

> Interest accrued for the period 1.972.363,50 € 233.803,50 €

Interest Payment 1.972.363,50 € 233.803,50 €

Interest Payment per Note 68,13 € 222,67 €

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

Current CE (incl. Excess Spread) 10,20% 4,51%

Current CE (excl. Excess Spread) 7,31% 1,63%

* Last rating action as of 26.06.2019


Santander-Platz 1




Period No 59

7. Original Principal Balance Monthly Period Aug 2019



Original Principal Balance

(Ranges in EUR)

Original Principal

Balance in EUR

Percentage of

Total Balance Number of Loans

Percentage of Total

Loans

0: 999 11.022,23 0,00% 13 0,01%

1000: 1999 654.595,10 0,02% 395 0,16%

2000: 2999 4.743.902,22 0,13% 1.845 0,73%

3000: 3999 15.295.812,91 0,42% 4.343 1,73%

4000: 4999 32.264.017,69 0,89% 7.150 2,84%

5000: 5999 55.869.041,02 1,55% 10.151 4,03%

6000: 6999 77.469.429,28 2,14% 11.880 4,72%

7000: 7999 98.807.398,74 2,73% 13.150 5,23%

8000: 8999 122.044.006,89 3,38% 14.338 5,70%

9000: 9999 142.320.517,00 3,94% 14.954 5,94%

10000:10999 180.602.717,16 5,00% 17.196 6,84%

11000:11999 180.784.601,13 5,00% 15.719 6,25%

12000:12999 184.687.198,43 5,11% 14.773 5,87%

13000:13999 190.329.325,44 5,27% 14.106 5,61%

14000:14999 187.952.517,50 5,20% 12.964 5,15%

15000:15999 191.643.706,19 5,30% 12.368 4,92%

16000:16999 183.962.453,46 5,09% 11.153 4,43%

17000:17999 168.352.126,56 4,66% 9.621 3,82%

18000:18999 159.017.609,51 4,40% 8.602 3,42%

19000:19999 147.062.159,98 4,07% 7.546 3,00%

20000:20999 144.196.363,15 3,99% 7.046 2,80%

21000:21999 138.688.958,59 3,84% 6.453 2,57%

22000:22999 118.620.706,35 3,28% 5.274 2,10%

23000:23999 103.724.153,80 2,87% 4.415 1,75%

24000:24999 96.553.106,34 2,67% 3.943 1,57%

25000:25999 84.342.485,11 2,33% 3.311 1,32%

26000:26999 79.263.018,44 2,19% 2.992 1,19%

27000:27999 68.416.238,16 1,89% 2.488 0,99%

28000:28999 62.249.421,82 1,72% 2.186 0,87%

29000:29999 52.148.445,62 1,44% 1.768 0,70%

30000:30999 45.693.824,21 1,26% 1.500 0,60%

31000:31999 40.158.399,17 1,11% 1.276 0,51%

32000:32999 35.251.934,82 0,98% 1.085 0,43%

33000:33999 29.004.084,00 0,80% 866 0,34%

34000:34999 24.629.573,76 0,68% 714 0,28%

35000:35999 20.651.692,90 0,57% 582 0,23%

36000:36999 18.392.966,67 0,51% 504 0,20%

37000:37999 16.524.478,50 0,46% 441 0,18%

38000:38999 13.542.910,96 0,37% 352 0,14%

39000:39999 12.707.638,31 0,35% 322 0,13%

40000:40999 11.795.747,79 0,33% 292 0,12%

41000:41999 7.840.745,22 0,22% 189 0,08%

42000:42999 8.795.664,42 0,24% 207 0,08%

43000:43999 5.653.504,80 0,16% 130 0,05%

44000:44999 5.424.173,69 0,15% 122 0,05%

45000:45999 4.774.478,88 0,13% 105 0,04%

46000:46999 3.954.203,49 0,11% 85 0,03%

47000:47999 3.423.157,84 0,09% 72 0,03%

48000:48999 3.488.564,16 0,10% 72 0,03%

49000:49999 3.364.085,06 0,09% 68 0,03%

50000:50999 3.173.486,97 0,09% 63 0,03%

51000:51999 2.113.584,72 0,06% 41 0,02%

52000:52999 2.205.142,60 0,06% 42 0,02%

53000:53999 1.869.855,29 0,05% 35 0,01%

54000:54999 1.308.592,45 0,04% 24 0,01%

55000:55999 1.661.656,91 0,05% 30 0,01%

56000:56999 1.353.457,85 0,04% 24 0,01%

57000:57999 1.433.763,37 0,04% 25 0,01%

58000:58999 642.318,61 0,02% 11 0,00%

59000:59999 595.403,85 0,02% 10 0,00%

60000:60000 240.000,00 0,01% 4 0,00%60001: 9.991.026,87 0,28% 139 0,06%

Total 3.613.737.173,96 100,00% 251.575 100,00%

Statistics in EUR

Average Amount 14.364,45


Santander-Platz 1




Period No 59

7.1 Original PB (Graph) Monthly Period Aug 2019



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

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Santander-Platz 1




Period No 59

8. Current Principal Balance Monthly Period Aug 2019



Current Principal Balance

(Ranges in EUR)

Current Principal

Balance in EUR

Percentage of Total

Balance Number of Loans

Percentage of Total

Loans

0: 999 9.850.788,22 0,53% 20.793 8,27%

1000: 1999 32.756.229,78 1,77% 21.766 8,65%

2000: 2999 55.962.587,76 3,03% 22.410 8,91%

3000: 3999 75.244.572,76 4,08% 21.508 8,55%

4000: 4999 91.754.951,31 4,97% 20.406 8,11%

5000: 5999 106.893.873,17 5,79% 19.458 7,73%

6000: 6999 114.023.308,86 6,18% 17.568 6,98%

7000: 7999 119.457.303,00 6,47% 15.950 6,34%

8000: 8999 118.272.239,05 6,41% 13.933 5,54%

9000: 9999 116.485.725,48 6,31% 12.276 4,88%

10000:10999 109.768.338,39 5,95% 10.463 4,16%

11000:11999 103.389.421,94 5,60% 9.002 3,58%

12000:12999 97.113.326,07 5,26% 7.779 3,09%

13000:13999 88.827.773,62 4,81% 6.586 2,62%

14000:14999 80.187.325,90 4,34% 5.535 2,20%

15000:15999 69.337.762,48 3,76% 4.477 1,78%

16000:16999 64.154.968,17 3,48% 3.893 1,55%

17000:17999 55.498.492,21 3,01% 3.174 1,26%

18000:18999 49.533.148,24 2,68% 2.681 1,07%

19000:19999 40.967.884,82 2,22% 2.103 0,84%

20000:20999 37.151.516,34 2,01% 1.813 0,72%

21000:21999 31.611.604,25 1,71% 1.471 0,58%

22000:22999 26.092.641,73 1,41% 1.161 0,46%

23000:23999 22.566.193,70 1,22% 961 0,38%

24000:24999 19.358.923,26 1,05% 791 0,31%

25000:25999 16.497.531,57 0,89% 647 0,26%

26000:26999 15.101.135,82 0,82% 570 0,23%

27000:27999 11.926.202,42 0,65% 434 0,17%

28000:28999 9.595.940,83 0,52% 337 0,13%

29000:29999 9.119.738,78 0,49% 309 0,12%

30000:30999 7.067.918,65 0,38% 232 0,09%

31000:31999 6.711.080,72 0,36% 213 0,08%

32000:32999 5.586.909,21 0,30% 172 0,07%

33000:33999 3.617.273,85 0,20% 108 0,04%

34000:34999 3.448.915,64 0,19% 100 0,04%

35000:35999 2.944.896,31 0,16% 83 0,03%

36000:36999 2.073.843,38 0,11% 57 0,02%

37000:37999 1.836.468,76 0,10% 49 0,02%

38000:38999 1.653.724,90 0,09% 43 0,02%

39000:39999 1.461.259,09 0,08% 37 0,01%

40000:40999 1.094.082,58 0,06% 27 0,01%

41000:41999 953.125,98 0,05% 23 0,01%

42000:42999 805.320,43 0,04% 19 0,01%

43000:43999 1.389.073,08 0,08% 32 0,01%

44000:44999 755.178,60 0,04% 17 0,01%

45000:45999 681.017,21 0,04% 15 0,01%

46000:46999 465.424,90 0,03% 10 0,00%

47000:47999 378.539,03 0,02% 8 0,00%

48000:48999 486.911,92 0,03% 10 0,00%

49000:49999 494.189,20 0,03% 10 0,00%

50000:50999 303.352,63 0,02% 6 0,00%

51000:51999 153.728,18 0,01% 3 0,00%

52000:52999 368.072,93 0,02% 7 0,00%

53000:53999 106.946,56 0,01% 2 0,00%

54000:54999 109.718,78 0,01% 2 0,00%

55000:55999 55.090,28 0,00% 1 0,00%

56000:56999 169.745,33 0,01% 3 0,00%

57000:57999 172.980,86 0,01% 3 0,00%

58000:58999 176.254,90 0,01% 3 0,00%

59000:59999 118.486,55 0,01% 2 0,00%60001: 1.613.816,75 0,09% 23 0,01%

Total 1.845.754.797,12 100,00% 251.575 100,00%

Statistics in EUR

Average Amount 7.336,80


Santander-Platz 1




Period No 59

8.1 Current PB (Graph) Monthly Period Aug 2019



0

20.000.000

40.000.000

60.000.000

80.000.000

100.000.000

120.000.000

140.000.000

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Santander-Platz 1




Period No 59

9. Borrower Concentration Monthly Period Aug 2019



No

Current Principal

Balance in EUR

Percentage of


1 108.982,36 0,0059% 1

2 86.453,98 0,0047% 1

3 85.782,13 0,0046% 1

4 76.899,75 0,0042% 2

5 75.235,99 0,0041% 1

6 74.722,33 0,0040% 1

7 73.450,27 0,0040% 1

8 71.175,25 0,0039% 1

9 70.972,92 0,0038% 1

10 70.741,25 0,0038% 2

11 68.566,73 0,0037% 1

12 68.352,22 0,0037% 1

13 68.227,02 0,0037% 1

14 68.029,43 0,0037% 1

15 67.326,72 0,0036% 1

16 66.287,61 0,0036% 1

17 65.474,90 0,0035% 2

18 64.268,19 0,0035% 1

19 63.764,98 0,0035% 1

20 63.343,07 0,0034% 1

21 62.955,27 0,0034% 1

22 62.643,69 0,0034% 1

23 61.118,94 0,0033% 1

24 61.046,26 0,0033% 1

25 60.585,76 0,0033% 1

1.766.407,02 0,0957% 28


Santander-Platz 1




Period No 59

10. Geographical Distribution Monthly Period Aug 2019



State

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Baden-Wuerttemberg 175.908.067,86 9,53% 22.711 9,03%

Bavaria 174.792.813,10 9,47% 22.395 8,90%

Berlin 35.503.497,01 1,92% 4.859 1,93%

Brandenburg 115.180.756,45 6,24% 16.199 6,44%

Bremen 10.446.131,13 0,57% 1.442 0,57%

Hamburg 18.455.395,16 1,00% 2.562 1,02%

Hesse 103.565.722,09 5,61% 13.889 5,52%

Lower Saxony 193.974.822,98 10,51% 26.291 10,45%

Mecklenburg-Western Pomerania 106.769.261,32 5,78% 14.879 5,91%

North Rhine-Westphalia 337.633.160,35 18,29% 46.281 18,40%

Rhineland-Palatinate 83.050.079,92 4,50% 11.054 4,39%

Saarland 28.160.117,93 1,53% 3.632 1,44%

Saxonia 121.835.103,98 6,60% 18.408 7,32%

Saxony-Anhalt 151.921.279,43 8,23% 21.200 8,43%

Schleswig-Holstein 73.659.088,95 3,99% 10.145 4,03%

Thuringia 110.968.054,34 6,01% 15.114 6,01%

n/a 3.931.445,12 0,21% 514 0,20%

Total 1.845.754.797,12 100,00% 251.575 100,00%


Santander-Platz 1




Period No 59

10.1 Geographical Distribution (Graph) Monthly Period Aug 2019



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

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Santander-Platz 1




Period No 59

11. Object/Vehicle Type Monthly Period Aug 2019



Vehicle Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

New Vehicle 708.152.480,98 38,37% 82.215 32,68%Used Vehicle 1.137.602.316,14 61,63% 169.360 67,32%

Total 1.845.754.797,12 100,00% 251.575 100,00%

Object Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Car 1.779.538.073,66 96,41% 240.921 95,77%

Leisure 36.954.310,81 2,00% 3.373 1,34%Motorbike 29.262.412,65 1,59% 7281 2,89%

Total 1.845.754.797,12 100,00% 251.575 100,00%


Santander-Platz 1




Period No 59

12. Insurances Monthly Period Aug 2019



Payment Protection

Insurance

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 515.726.184,54 27,94% 70.720 28,11%Yes 1.330.028.612,58 72,06% 180.855 71,89%

Total 1.845.754.797,12 100,00% 251.575 100,00%

Gap Insurance

(Santander Safe)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 1.176.580.067,27 63,75% 169.967 67,56%Yes 669.174.729,85 36,25% 81.608 32,44%

Total 1.845.754.797,12 100,00% 251.575 100,00%

Repair Cost Insurance

(Santander AutoCare)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 1.668.506.409,22 90,40% 227.158 90,29%Yes 177.248.387,90 9,60% 24.417 9,71%

Total 1.845.754.797,12 100,00% 251.575 100,00%


Santander-Platz 1




Period No 59

13. Type of Contract Monthly Period Aug 2019



Contracts w/Balloon Payments

Current Principal Balance

in EUR

Percentage of Total


Percentage of Total

Loans

No 1.479.840.406,49 80,18% 218.617 86,90%

Yes 365.914.390,63 19,82% 32.958 13,10%

- of which balloon rates 254.033.330,68 13,76%

- of which regular installments 111.881.059,95 6,06%

Total 1.845.754.797,12 100,00% 251.575 100,00%

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

13:25 867.417,27 0,34% 114 0,35%

26:38 14.258.336,51 5,61% 1.715 5,20%

39:51 65.148.155,38 25,65% 8.110 24,61%

52:64 173.326.357,46 68,23% 22.977 69,72%

65:72 211.786,03 0,08% 21 0,06%73: 221.278,03 0,09% 21 0,06%

Total 254.033.330,68 100,00% 32.958 100,00%

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 90.881.629,18 35,78% 12.360 37,50%

13:25 92.387.944,15 36,37% 11.802 35,81%

26:38 48.940.626,46 19,27% 6.188 18,78%

39:51 21.697.922,35 8,54% 2.596 7,88%

52:64 18.462,58 0,01% 6 0,02%65:72 106.745,96 0,04% 6 0,02%

Total 254.033.330,68 100,00% 32.958 100,00%


Santander-Platz 1




Period No 59

14. Payment Methods Monthly Period Aug 2019



Payment Method

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Direct Debit 1.825.563.120,10 98,91% 248.383 98,73%Other 20.191.677,02 1,09% 3.192 1,27%

Total 1.845.754.797,12 100,00% 251.575 100,00%

Cycle of Payment

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

15th of month 852.083.770,06 46,16% 116.272 46,22%1st of month 993.671.027,06 53,84% 135.303 53,78%

Total 1.845.754.797,12 100,00% 251.575 100,00%


Santander-Platz 1




Period No 59

15. Downpayment Monthly Period Aug 2019



Downpayment

(Ranges in EUR)

Original Principal

Balance in EUR

Percentage of

Total Balance Number of Loans

Percentage of Total

Loans

Downpayment /

Purchase Price in %

No Downpayment 754.594.761,04 40,88% 91.627 36,42% 0,00%

0: 999 68.348.153,95 3,70% 11.984 4,76% 4,86%

1000: 1999 149.913.048,03 8,12% 24.394 9,70% 10,10%

2000: 2999 163.863.096,22 8,88% 24.787 9,85% 15,57%

3000: 3999 136.684.445,48 7,41% 19.911 7,91% 20,33%

4000: 4999 103.261.095,91 5,59% 14.615 5,81% 24,72%

5000: 5999 119.316.855,39 6,46% 16.206 6,44% 27,90%

6000: 6999 67.709.031,13 3,67% 9.594 3,81% 32,55%

7000: 7999 52.051.463,33 2,82% 7.299 2,90% 35,72%

8000: 8999 42.851.819,72 2,32% 5.991 2,38% 38,80%

9000: 9999 24.692.073,12 1,34% 3.374 1,34% 41,18%

10000:10999 54.043.090,06 2,93% 7.180 2,85% 42,33%

11000:11999 16.305.181,38 0,88% 2.338 0,93% 46,61%

12000:12999 17.728.986,25 0,96% 2.550 1,01% 48,84%

13000:13999 11.311.263,73 0,61% 1.591 0,63% 50,44%

14000:14999 8.660.104,48 0,47% 1.238 0,49% 52,90%

15000:15999 15.752.068,19 0,85% 2.133 0,85% 52,79%

16000:16999 5.812.208,16 0,31% 820 0,33% 55,77%

17000:17999 4.057.533,40 0,22% 598 0,24% 57,64%

18000:18999 4.169.953,62 0,23% 595 0,24% 57,73%

19000:19999 2.082.570,72 0,11% 313 0,12% 61,00%

20000:20000 6.734.582,19 0,36% 688 0,27% 53,73%20001: 15.811.411,62 0,86% 1.749 0,70% 61,91%

Total 1.845.754.797,12 100,00% 251.575 100,00% 19,33%

Downpayment and

Purchase Price All Contracts

Contracts with

Downpayment

Average downpayment 3.173,95 € 4.992,16 €

Average Purchase Price 16.416,99 € 17.513,01 €

Mimimum Downpayment 100,00 €

Maximum Downpayment 110.000,00 €

Downpayment in % 19,33% 28,51%


Santander-Platz 1




Period No 59

16. Effective Interest Rate Monthly Period Aug 2019



Yield Range*

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 0 453.010,34 0,02% 53 0,02%

1: 1 71.609.424,92 3,88% 7.708 3,06%

2: 2 228.599.596,17 12,39% 26.191 10,41%

3: 3 885.249.678,04 47,96% 100.583 39,98%

4: 4 432.189.592,16 23,42% 68.362 27,17%

5: 5 144.231.768,59 7,81% 30.181 12,00%

6: 6 55.915.193,78 3,03% 12.178 4,84%

7: 7 14.825.016,49 0,80% 3.647 1,45%

8: 8 9.282.704,65 0,50% 1.773 0,70%

9: 9 2.655.767,22 0,14% 716 0,28%

10:10 623.580,82 0,03% 155 0,06%11:11 119.463,94 0,01% 28 0,01%

Total 1.845.754.797,12 100,00% 251.575 100,00%

Statistics in %

WA Interest 4,17%

*runs from .00 to .99


Santander-Platz 1




Period No 59

16.1 Effective Interest Rate (Graph) Monthly Period Aug 2019



*runs from .00 to .99

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

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Yield Range*


Santander-Platz 1




Period No 59

17. Seasoning Monthly Period Aug 2019



Seasoning in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

12:14 29.076.636,19 1,58% 2.390 0,95%

15:17 132.273.453,34 7,17% 12.157 4,83%

18:20 131.815.572,67 7,14% 13.151 5,23%

21:23 171.358.615,72 9,28% 18.776 7,46%

24:26 187.069.713,51 10,14% 22.048 8,76%

27:29 176.668.794,60 9,57% 20.348 8,09%

30:32 121.776.943,14 6,60% 13.980 5,56%

33:35 137.953.642,81 7,47% 17.580 6,99%

36:38 160.716.601,51 8,71% 20.477 8,14%

39:41 96.854.410,46 5,25% 12.599 5,01%

42:44 63.397.538,85 3,43% 8.815 3,50%

45:47 68.102.176,08 3,69% 10.437 4,15%

48:50 66.071.684,96 3,58% 10.065 4,00%

51:53 55.554.415,90 3,01% 9.008 3,58%

54:56 40.005.532,04 2,17% 7.131 2,83%

57:59 41.819.155,46 2,27% 8.624 3,43%

60:62 34.058.406,63 1,85% 7.386 2,94%

63:65 32.803.705,51 1,78% 6.882 2,74%

66:68 23.661.679,66 1,28% 5.426 2,16%

69:71 19.735.415,36 1,07% 5.069 2,01%

72:74 16.746.086,29 0,91% 4.400 1,75%

75:77 12.208.546,48 0,66% 3.146 1,25%

78:80 6.445.741,39 0,35% 1.905 0,76%81: 19.580.328,56 1,06% 9.775 3,89%

Total 1.845.754.797,12 100,00% 251.575 100,00%

Statistics

WA Seasoning 35,10


Santander-Platz 1




Period No 59

17.1 Seasoning (Graph) Monthly Period Aug 2019



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

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 59

18. Remaining Term Monthly Period Aug 2019



Remaining Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 6 61.177.341,42 3,31% 29.680 11,80%

7: 13 134.600.192,26 7,29% 36.169 14,38%

14: 20 155.737.760,69 8,44% 30.860 12,27%

21: 27 214.673.326,79 11,63% 33.925 13,49%

28: 34 206.926.976,15 11,21% 26.931 10,70%

35: 41 192.859.134,44 10,45% 23.135 9,20%

42: 48 206.243.737,13 11,17% 20.351 8,09%

49: 55 132.436.562,95 7,18% 12.091 4,81%

56: 62 179.051.144,55 9,70% 14.359 5,71%

63: 69 156.703.409,92 8,49% 11.211 4,46%

70: 76 126.344.620,29 6,85% 8.241 3,28%

77: 83 72.305.861,06 3,92% 4.312 1,71%

84: 90 4.271.606,80 0,23% 196 0,08% 91: 97 2.423.122,67 0,13% 114 0,05%

Total 1.845.754.797,12 100,00% 251.575 100,00%

Statistics

WA Remaining Term 41,05


Santander-Platz 1




Period No 59

18.1 Remaining Term (Graph) Monthly Period Aug 2019



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

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

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Remaining Term in Months


Santander-Platz 1




Period No 59

19. Original Term Monthly Period Aug 2019



Original Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 12 159,10 0,00% 1 0,00%

13: 25 4.818.760,05 0,26% 3.729 1,48%

26: 38 54.902.466,82 2,97% 17.983 7,15%

39: 51 178.717.871,36 9,68% 33.542 13,33%

52: 64 469.749.673,33 25,45% 63.840 25,38%

65: 77 222.657.014,98 12,06% 35.615 14,16%

78: 90 281.858.619,00 15,27% 30.125 11,97%

91:103 607.771.528,33 32,93% 64.879 25,79%

104:116 5.598.769,01 0,30% 549 0,22%

117:119 2.052.587,25 0,11% 124 0,05%

120: 17.627.347,89 0,96% 1.188 0,47%

Total 1.845.754.797,12 100,00% 251.575 100,00%

Statistics

WA Original Term 76,15


Santander-Platz 1




Period No 59

19.1 Original Term (Graph) Monthly Period Aug 2019



0

100.000.000

200.000.000

300.000.000

400.000.000

500.000.000

600.000.000

700.000.000

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 59

20. Manufacturer Brands Monthly Period Aug 2019



Manufacturer

brands

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

1 195.494.283,04 10,59% 26.976 10,72%

2 182.667.423,58 9,90% 21.370 8,49%

3 162.096.602,03 8,78% 22.969 9,13%

4 161.109.838,76 8,73% 20.482 8,14%

5 159.868.995,22 8,66% 25.460 10,12%

6 125.971.293,35 6,82% 13.846 5,50%

7 79.123.961,51 4,29% 11.221 4,46%

8 76.719.976,32 4,16% 8.653 3,44%

9 73.227.501,24 3,97% 8.719 3,47%

10 71.397.762,08 3,87% 8.753 3,48%

11 59.273.484,19 3,21% 8.262 3,28%

12 49.044.302,01 2,66% 6.497 2,58%

13 46.393.249,50 2,51% 5.907 2,35%

14 42.375.161,64 2,30% 7.125 2,83%

15 37.431.234,46 2,03% 6.316 2,51%

1.522.195.068,93 82,47% 202.556 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 59

21. Priority of Payments + Transaction Costs Monthly Period Aug 2019



Priority of Payments

Available Distribution Amount 132.792.152,99 €

Senior Expenses - 56.963,67 €

Interest Notes Class A - 1.972.363,50 €

Interest Notes Class B - 233.803,50 €

Replenishment - - €

Payments to Purchase Shortfall Account - 17,88 €

Payments to Reserve Fund - 30.000.000,00 €

Principal Payments Class A - 94.521.750,00 €

Principal Payments Class B - - €

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

Interest Subordinated Loan - 76.133,33 €

Principal Payments Subordinated Loan - - €

Payments to Seller = 5.931.121,11 €

Transaction Costs All notes Class A Class B Senior Expenses 56.963,67 €-

Interest accrued for the Period 2.206.167,00 €- 1.972.363,50 €- 233.803,50 €-

Cumulative Interest accrued 180.717.130,50 €- 167.653.503,00 €- 13.063.627,50 €-

Interest Payments 2.206.167,00 €- 1.972.363,50 €- 233.803,50 €-

Cumulative Interest Payments 180.717.130,50 €- 167.653.503,00 €- 13.063.627,50 €-

Interest accrued on Subordinated Loan for the Period 76.133,33 €-

Cumulative Interest accrued on Subordinated Loan 4.253.950,02 €-

Interest Payments on Subordinated Loan 76.133,33 €-

Cumulative Interest Payments on Subordinated Loan 4.253.950,02 €-

Unpaid Interest for the Period - €

Cumulative Unpaid Interest - €


Santander-Platz 1




Period No 59

22. Retention Monthly Period 01.08.2019



2.999.999.999,91 €

1.940.276.553,29 €

1.845.754.797,12 €

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: 1.835.276.565,00 €

Outstanding Balance of the Class A Notes of the end of the Monthly Period: 1.740.754.815,00 €

101,00%

101,55%

101,63%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 09.08.2019

Monthly Investor Report 12.08.2019

59

23. Counterparties Aug 2019

from 11.07.2019 to 12.08.2019 = 32 days

from 01.07.2019 to 31.07.2019

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 31.07.2019, 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 59

24. Issuer Information Monthly Period Aug 2019



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

LEI: 52990041G1PYRSC7E905

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 09.08.2019


59

25. Santander Consumer Bank Aug 2019

from 11.07.2019 to 12.08.2019 = 32 days

from 01.07.2019 to 31.07.2019

Contact DetailsCapital Markets

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

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

Robert Westermann +49-2161-690-7424 [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 STABLE

- - - A- A-2 STABLE

- - - A- A-2 STABLE

Ratings as of 31.07.2019, 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 09.08.2019


59

26. Glossary Aug 2019

from 11.07.2019 to 12.08.2019 = 32 days

from 01.07.2019 to 31.07.2019

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 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: Protection against set-off risks due to 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

Documents

SC Germany Auto 2014-2 Monthly Investor Report