SC Germany Auto 2018-1 Monthly Investor Report · 2020-06-22 · SC Germany Auto 2018-1 Reporting Date 10.01.2020 Monthly Investor Report Payment Date 13.01.2020 Period No 19 Cover

SC Germany Auto 2018-1

Monthly Investor Report

SC Germany Auto 2018-1 Reporting Date 10.01.2020

Monthly Investor Report Payment Date 13.01.2020

Period No 19

Cover Sheet Monthly Investor Report Monthly Period Jan 2020

Interest Period from 13.12.2019 to 13.01.2020 = 31 days

Collection Period from 01.12.2019 to 31.12.2019

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 19

1. Portfolio Information Monthly Period Jan 2020



current period previous period

Outstanding ReceivablesNo. of

Contracts

Aggregate Outstanding

Principal Amount

Aggregate Outstanding

Principal Amount

Beginning of Period 33.707 357.194.642,68€ 369.329.449,52€

Scheduled Principal Payments 7.476.073,39€

Prepayment Principal 3.606.688,32€

Others 220.484,26€

Total Principal Collections 11.303.245,97€ 12.054.433,18€

Total Interest Collections 1.232.812,68€ 1.321.522,84€

Defaults 49.926,53€ 80.373,66€

End of Period 33.036 345.841.470,18€ 357.194.642,68€

Current Prepayment Rate (annualised) 11,5%


Santander-Platz 1




Period No 19

2. Reserve Accounts Monthly Period Jan 2020



Note BalanceBeginning of Period 357.194.655,90 €

End of Period 345.841.474,50 €

Reserve AccountsReserve Account in % Trigger Event y/n

Beginning of Period 0,92% 3.303.294,79 €

Cash Outflow -121.348,23 €

Cash Inflow 0,00 €

End of Period 0,92% 3.181.946,56 €

Required Reserve Fund 0,92% 3.181.946,56 €

(thereof) Liquidity Reserve Account in %

Beginning of Period 0,92% 3.303.294,79 €

Cash Outflow -121.348,23 €

Cash Inflow 0,00 €

End of Period 0,92% 3.181.946,56 €

Required Liquidity Reserve Fund 3.181.946,56 €

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 19

3. Delinquency Data Monthly Period Jan 2020



Note BalanceBeginning of Period 357.194.655,90€

End of Period 345.841.474,50€

Delinquency Data and Ratios3-MRA* /

current ratio Amount at risk Overdue amount

Number of

Loans

3-MRA* 1- 30 days past due 0,23%

1- 30 days past due period before previous period 976.600,05€ 73.511,06€ 88

1- 30 days past due previous period 765.167,49€ 36.305,53€ 66

1- 30 days past due current period 0,19% 671.497,22€ 46.624,61€ 64

3-MRA* 31- 60 days past due 0,16%




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
















* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 19

4. Default Data Monthly Period Jan 2020



Note BalanceBeginning of Period 357.194.655,90€

End of Period 345.841.474,50€

Default Data and Ratios Amount Number of Loans

Current Default

Current Period Gross Default 49.926,53€

Current Period Recoveries 2.560,77€

Current Period Net Default 47.365,76€

New Number of Defaulted Contracts 8

Cumulative Default

Cumulative Gross Default 1.136.130,81€

Cumulative Recoveries 129.694,72€

Cumulative Net Default 1.006.436,09€

Total Number of Defaulted Contracts 106

3-MRA* /

current ratio Ratio

3-MRA* Annualised Net Default Ratio (New Default) 0,20%

Annualised Loss Ratio period before previous period 0,18%

Annualised Loss Ratio previous period 0,27%

Annualised Loss Ratio current period 0,16% 0,16%

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 19

4.1 Default Data per Quarter Monthly Period Jan 2020



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

Q2 2018 1-1 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

Q4 2018 5-7 149.584,50 28.755,00 0,00 0,00 0,00 28.250,00 200,00 50,00 255,00

Q1 2019 8-10 219.055,48 79.263,52 0,00 0,00 0,00 5.600,00 21.897,02 50.759,85 1.006,65

Q2 2019 11-13 215.061,20 2.335,15 0,00 0,00 0,00 0,00 640,20 1.114,95 580,00

Q3 2019 14-16 349.722,45 7.967,75 0,00 0,00 0,00 0,00 0,00 5.208,52 2.759,23Q4 2019 17-19 186.608,35 500,00 0,00 0,00 0,00 0,00 0,00 0,00 500,00

Total 1.136.130,81 129.694,72 0,00 8.662,15 811,15 34.250,00 23.137,22 57.533,32 5.300,88

Recoveries in Quarter


Santander-Platz 1




Period No 19

5. Outstanding Notes Monthly Period Jan 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)* AAA (sf)/Aaa(sf) NR/NR

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 357.194.655,90 € 318.194.655,90 € 39.000.000,00 €

Available Distribution Amount 15.841.927,43 €

Amortisation 11.353.181,40 €

Redemption per Class 11.353.181,40 € 11.353.181,40 € 0,00 €

Redemption per Note 2.023,74 € 0,00 €

Class Principal Outstanding Balance End of Period 345.841.474,50 € 306.841.474,50 € 39.000.000,00 €

Current Tranching 88,7% 11,3%

Current Pool Factor 0,55 1,00

2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: 1-M Euribor / Spread / Fixed Rate -0,456% +40 bps 0,633%

DayCount Convention act/360 act/360

Interest Days 31

Principal Outstanding per Note Beginning of Period 56.719,19 € 100.000,00 €

> Principal Repayment per Note 2.023,74 € 0,00 €

Principal Outstanding per Note End of Period 54.695,45 € 100.000,00 €

> Interest accrued for the period 0,00 € 21.258,90 €

Interest Payment 0,00 € 21.258,90 €

Interest Payment per Note 0,00 € 54,51 €

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

Current CE (incl. Excess Spread) 15,31% 4,03%

Current CE (excl. Excess Spread) 12,20% 0,92%

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 306.841.475 € - € 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 19

6. Original Principal Balance Monthly Period Jan 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 61.268,06 0,01% 36 0,11%

2000: 2999 538.795,40 0,10% 209 0,63%

3000: 3999 1.763.817,87 0,34% 501 1,52%

4000: 4999 3.569.300,80 0,69% 793 2,40%

5000: 5999 6.026.057,02 1,16% 1.094 3,31%

6000: 6999 8.154.763,55 1,57% 1.250 3,78%

7000: 7999 10.518.723,38 2,02% 1.400 4,24%

8000: 8999 13.437.177,81 2,59% 1.577 4,77%

9000: 9999 15.416.824,34 2,97% 1.619 4,90%

10000:10999 21.730.831,54 4,18% 2.069 6,26%

11000:11999 21.722.955,58 4,18% 1.889 5,72%

12000:12999 22.909.039,88 4,41% 1.834 5,55%

13000:13999 24.047.515,79 4,63% 1.780 5,39%

14000:14999 25.157.534,87 4,84% 1.736 5,25%

15000:15999 26.303.195,61 5,06% 1.697 5,14%

16000:16999 23.996.511,05 4,62% 1.456 4,41%

17000:17999 23.679.647,41 4,56% 1.354 4,10%

18000:18999 21.791.297,20 4,19% 1.178 3,57%

19000:19999 21.765.208,62 4,19% 1.116 3,38%

20000:20999 20.263.635,64 3,90% 991 3,00%

21000:21999 20.666.177,08 3,98% 962 2,91%

22000:22999 18.859.856,66 3,63% 839 2,54%

23000:23999 18.060.243,35 3,47% 769 2,33%

24000:24999 15.842.306,01 3,05% 647 1,96%

25000:25999 14.663.630,58 2,82% 575 1,74%

26000:26999 14.256.272,69 2,74% 538 1,63%

27000:27999 12.565.788,30 2,42% 457 1,38%

28000:28999 10.945.190,34 2,11% 384 1,16%

29000:29999 9.500.147,34 1,83% 322 0,97%

30000:30999 8.864.976,83 1,71% 291 0,88%

31000:31999 8.126.703,95 1,56% 258 0,78%

32000:32999 7.669.449,38 1,48% 236 0,71%

33000:33999 6.127.063,23 1,18% 183 0,55%

34000:34999 4.585.016,88 0,88% 133 0,40%

35000:35000 105.000,00 0,02% 3 0,01%35001: 36.091.621,19 6,94% 859 2,60%

Total 519.784.451,23 100,00% 33.036 100,00%

Statistics in EUR

Average Amount 15.733,88


Santander-Platz 1




Period No 19

6.1 Original PB (Graph) Monthly Period Jan 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

Ori

gin

al P

rin

cip

al

Ba

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Santander-Platz 1




Period No 19

7. Current Principal Balance Monthly Period Jan 2020



Current Principal Balance

(Ranges in EUR)

Current Principal

Balance in EUR

Percentage of Total

Balance Number of Loans

Percentage of Total

Loans

0: 999 483.088,11 0,14% 1.103 3,34%

1000: 1999 1.934.754,42 0,56% 1.273 3,85%

2000: 2999 3.584.663,06 1,04% 1.429 4,33%

3000: 3999 5.557.148,48 1,61% 1.586 4,80%

4000: 4999 7.838.911,40 2,27% 1.739 5,26%

5000: 5999 10.825.905,31 3,13% 1.967 5,95%

6000: 6999 13.957.592,62 4,04% 2.148 6,50%

7000: 7999 16.624.104,62 4,81% 2.216 6,71%

8000: 8999 18.825.273,32 5,44% 2.216 6,71%

9000: 9999 19.885.091,94 5,75% 2.095 6,34%

10000:10999 21.165.566,31 6,12% 2.017 6,11%

11000:11999 20.629.552,13 5,97% 1.796 5,44%

12000:12999 20.220.935,98 5,85% 1.619 4,90%

13000:13999 19.413.958,24 5,61% 1.439 4,36%

14000:14999 17.465.678,02 5,05% 1.204 3,64%

15000:15999 15.918.391,75 4,60% 1.028 3,11%

16000:16999 15.529.474,40 4,49% 941 2,85%

17000:17999 15.146.435,92 4,38% 866 2,62%

18000:18999 13.796.461,03 3,99% 746 2,26%

19000:19999 12.294.311,20 3,55% 631 1,91%

20000:20999 10.679.822,87 3,09% 521 1,58%

21000:21999 9.469.802,17 2,74% 441 1,33%

22000:22999 8.186.176,11 2,37% 364 1,10%

23000:23999 7.048.468,09 2,04% 300 0,91%

24000:24999 6.490.788,27 1,88% 265 0,80%

25000:25999 5.328.664,08 1,54% 209 0,63%

26000:26999 4.403.468,88 1,27% 166 0,50%

27000:27999 3.542.602,20 1,02% 129 0,39%

28000:28999 3.592.274,55 1,04% 126 0,38%

29000:29999 2.124.354,46 0,61% 72 0,22%

30000:30999 2.042.927,91 0,59% 67 0,20%

31000:31999 1.510.739,51 0,44% 48 0,15%

32000:32999 1.587.772,90 0,46% 49 0,15%

33000:33999 1.472.945,76 0,43% 44 0,13%

34000:34999 759.725,29 0,22% 22 0,07%35001: 6.503.638,87 1,88% 154 0,47%

Total 345.841.470,18 100,00% 33.036 100,00%

Statistics in EUR

Average Amount 10.468,62


Santander-Platz 1




Period No 19

7.1 Current PB (Graph) Monthly Period Jan 2020



0

5.000.000

10.000.000

15.000.000

20.000.000

25.000.000

Cu

rre

nt

Pri

nc

ipa

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Santander-Platz 1




Period No 19

8. Borrower Concentration Monthly Period Jan 2020



No

Current Principal

Balance in EUR

Percentage of


1 83.768,69 0,0242% 1

2 81.000,00 0,0234% 1

3 80.544,65 0,0233% 1

4 80.037,42 0,0231% 1

5 68.068,71 0,0197% 2

6 65.255,55 0,0189% 1

7 63.618,45 0,0184% 1

8 63.080,05 0,0182% 1

9 56.916,99 0,0165% 1

10 55.799,88 0,0161% 1

11 55.527,48 0,0161% 1

12 55.292,99 0,0160% 1

13 53.671,37 0,0155% 1

14 53.330,87 0,0154% 1

15 53.207,31 0,0154% 1

16 52.999,49 0,0153% 1

17 52.562,76 0,0152% 1

18 51.128,33 0,0148% 1

19 51.120,43 0,0148% 1

20 50.536,41 0,0146% 1

21 49.815,05 0,0144% 1

22 49.280,15 0,0142% 1

23 48.960,12 0,0142% 1

24 48.113,70 0,0139% 1

25 48.019,23 0,0139% 1

1.471.656,08 0,4255% 26


Santander-Platz 1




Period No 19

9. Geographical Distribution Monthly Period Jan 2020



State

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Baden-Wuerttemberg 37.629.752,65 10,88% 3.432 10,39%

Bavaria 43.057.511,36 12,45% 3.976 12,04%

Berlin 5.462.567,07 1,58% 541 1,64%

Brandenburg 16.154.238,33 4,67% 1.596 4,83%

Bremen 2.033.512,80 0,59% 198 0,60%

Hamburg 3.218.519,86 0,93% 306 0,93%

Hesse 23.278.336,68 6,73% 2.194 6,64%

Lower Saxony 35.771.315,24 10,34% 3.461 10,48%

Mecklenburg-Western Pomerania 13.775.421,15 3,98% 1.345 4,07%

North Rhine-Westphalia 69.033.000,53 19,96% 6.846 20,72%

Rhineland-Palatinate 17.568.011,94 5,08% 1.619 4,90%

Saarland 4.270.414,28 1,23% 410 1,24%

Saxonia 23.076.174,65 6,67% 2.257 6,83%

Saxony-Anhalt 17.729.072,77 5,13% 1.739 5,26%

Schleswig-Holstein 11.703.295,15 3,38% 1.151 3,48%

Thuringia 21.178.934,33 6,12% 1.884 5,70%

n/a 901.391,39 0,26% 81 0,25%

Total 345.841.470,18 100,00% 33.036 100,00%


Santander-Platz 1




Period No 19

9.1 Geographical Distribution (Graph) Monthly Period Jan 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

Cu

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Bala

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Santander-Platz 1




Period No 19

10. Object/Vehicle Type Monthly Period Jan 2020



Vehicle Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

New Vehicle 154.161.786,90 44,58% 11.435 34,61%Used Vehicle 191.679.683,28 55,42% 21.601 65,39%

Total 345.841.470,18 100,00% 33.036 100,00%

Object Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Car 340.835.382,93 98,55% 32.313 97,81%

Leisure 2.527.152,05 0,73% 187 0,57%

Motorbike 2.433.331,19 0,70% 517 1,56%Trailer 45.604,01 0,01% 19 0,06%

Total 345.841.470,18 100,00% 33.036 100,00%


Santander-Platz 1




Period No 19

11. Insurances Monthly Period Jan 2020



Payment Protection

Insurance

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 89.095.926,02 25,76% 8.344 25,26%Yes 256.745.544,16 74,24% 24.692 74,74%

Total 345.841.470,18 100,00% 33.036 100,00%

Gap Insurance

(Santander Safe)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 235.809.307,95 68,18% 23.068 69,83%Yes 110.032.162,23 31,82% 9.968 30,17%

Total 345.841.470,18 100,00% 33.036 100,00%

Repair Cost Insurance

(Santander AutoCare)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 322.282.760,87 93,19% 30.664 92,82%Yes 23.558.709,31 6,81% 2.372 7,18%

Total 345.841.470,18 100,00% 33.036 100,00%


Santander-Platz 1




Period No 19

12. Type of Contract Monthly Period Jan 2020



Contracts w/Balloon Payments

Current Principal Balance

in EUR

Percentage of Total


Percentage of Total

Loans

No 82.702.120,33 23,91% 13.094 39,64%

Yes 263.139.349,85 76,09% 19.942 60,36%

- of which balloon rates 167.890.726,42 48,55%

- of which regular installments 95.248.623,43 27,54%

Total 345.841.470,18 100,00% 33.036 100,00%

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

13:25 854.285,45 0,51% 87 0,44%

26:38 18.751.024,46 11,17% 2.015 10,10%

39:51 43.918.448,76 26,16% 5.246 26,31%

52:64 103.988.006,26 61,94% 12.566 63,01%

65:72 106.864,50 0,06% 7 0,04%73: 272.096,99 0,16% 21 0,11%

Total 167.890.726,42 100,00% 19.942 100,00%

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 26.020.285,63 15,50% 2.952 14,80%

13:25 50.584.521,86 30,13% 6.091 30,54%

26:38 90.809.394,67 54,09% 10.859 54,45%

39:51 249.827,51 0,15% 23 0,12%52:64 226.696,75 0,14% 17 0,09%

Total 167.890.726,42 100,00% 19.942 100,00%


Santander-Platz 1




Period No 19

13. Payment Methods Monthly Period Jan 2020



Payment Method

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Direct Debit 343.513.163,38 99,33% 32.797 99,28%Other 2.328.306,80 0,67% 239 0,72%

Total 345.841.470,18 100,00% 33.036 100,00%

Cycle of Payment

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

15th of month 152.454.854,22 44,08% 14.563 44,08%1st of month 193.386.615,96 55,92% 18.473 55,92%

Total 345.841.470,18 100,00% 33.036 100,00%


Santander-Platz 1




Period No 19

14. Downpayment Monthly Period Jan 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 102.180.520,60 29,55% 9.607 29,08% 0,00%

0: 999 10.202.212,64 2,95% 1.254 3,80% 4,46%

1000: 1999 25.281.862,34 7,31% 2.964 8,97% 9,57%

2000: 2999 32.762.602,09 9,47% 3.473 10,51% 14,54%

3000: 3999 28.837.230,71 8,34% 2.889 8,75% 18,75%

4000: 4999 23.738.827,75 6,86% 2.293 6,94% 22,78%

5000: 5999 29.556.942,25 8,55% 2.630 7,96% 24,86%

6000: 6999 17.130.384,03 4,95% 1.566 4,74% 28,98%

7000: 7999 12.765.685,92 3,69% 1.156 3,50% 31,96%

8000: 8999 12.152.853,20 3,51% 1.070 3,24% 34,24%

9000: 9999 6.942.269,56 2,01% 586 1,77% 36,39%

10000:10999 14.473.869,40 4,19% 1.187 3,59% 37,16%

11000:11999 4.516.834,51 1,31% 374 1,13% 40,95%

12000:12999 4.548.574,74 1,32% 394 1,19% 42,55%

13000:13999 3.473.555,09 1,00% 293 0,89% 44,30%

14000:14999 2.719.865,14 0,79% 220 0,67% 45,29%

15000:15000 3.538.787,58 1,02% 282 0,85% 45,54%15001: 11.018.592,63 3,19% 798 2,42% 51,17%

Total 345.841.470,18 100,00% 33.036 100,00% 20,57%

Downpayment and

Purchase Price All Contracts

Contracts with

Downpayment

Average downpayment 3.805,20€ 5.365,51€

Average Purchase Price 18.500,17€ 19.901,04€

Mimimum Downpayment 94,00€

Maximum Downpayment 64.000,00€

Downpayment in % 20,57% 26,96%


Santander-Platz 1




Period No 19

15. Effective Interest Rate Monthly Period Jan 2020



Yield Range*

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 0 462.510,17 0,13% 38 0,12%

1: 1 54.877.767,71 15,87% 4.196 12,70%

2: 2 116.453.059,53 33,67% 9.772 29,58%

3: 3 131.397.516,74 37,99% 12.770 38,65%

4: 4 30.332.884,84 8,77% 4.028 12,19%

5: 5 8.752.734,97 2,53% 1.525 4,62%

6: 6 2.414.743,57 0,70% 464 1,40%

7: 7 637.927,98 0,18% 130 0,39%

8: 8 406.591,89 0,12% 78 0,24%

9: 9 80.766,99 0,02% 26 0,08%10:10 24.965,79 0,01% 9 0,03%

Total 345.841.470,18 100,00% 33.036 100,00%

Statistics in %

WA Interest 3,34%

*runs from .00 to .99


Santander-Platz 1




Period No 19

15.1 Effective Interest Rate (Graph) Monthly Period Jan 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

140.000.000

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

Cu

rren

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rin

cip

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Bala

nce

Yield Range*


Santander-Platz 1




Period No 19

16. Seasoning Monthly Period Jan 2020



Seasoning in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

21:23 56.466.718,52 16,33% 5.076 15,37%

24:26 85.613.788,41 24,76% 7.755 23,47%

27:29 77.015.629,66 22,27% 7.129 21,58%

30:32 58.049.854,80 16,79% 5.547 16,79%

33:35 31.081.073,51 8,99% 3.218 9,74%

36:38 13.001.411,27 3,76% 1.401 4,24%

39:41 10.540.228,45 3,05% 1.116 3,38%

42:44 7.045.864,62 2,04% 780 2,36%

45:47 3.385.040,08 0,98% 425 1,29%

48:50 1.399.781,01 0,40% 178 0,54%

51:53 988.577,92 0,29% 144 0,44%

54:56 664.696,00 0,19% 122 0,37%

57:59 405.014,11 0,12% 83 0,25%

60:62 87.428,91 0,03% 23 0,07%

63:65 60.700,56 0,02% 19 0,06%

66:68 25.052,27 0,01% 13 0,04%

69:71 7.967,36 0,00% 4 0,01%

78:80 831,75 0,00% 1 0,00%81: 1.810,97 0,00% 2 0,01%

Total 345.841.470,18 100,00% 33.036 100,00%

Statistics

WA Seasoning 28,81


Santander-Platz 1




Period No 19

16.1 Seasoning (Graph) Monthly Period Jan 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

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 78:80 81:

Cu

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Bala

nce

Seasoning in Months


Santander-Platz 1




Period No 19

17. Remaining Term Monthly Period Jan 2020



Remaining Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 6 10.267.865,58 2,97% 2.224 6,73%

7:13 27.462.485,50 7,94% 3.773 11,42%

14:20 41.501.820,17 12,00% 4.608 13,95%

21:27 59.146.620,94 17,10% 5.736 17,36%

28:34 94.204.533,50 27,24% 7.447 22,54%

35:41 72.588.741,11 20,99% 5.470 16,56%

42:48 11.240.405,40 3,25% 1.231 3,73%

49:55 12.035.167,09 3,48% 1.151 3,48%

56:62 16.967.012,06 4,91% 1.364 4,13%63:69 426.818,83 0,12% 32 0,10%

Total 345.841.470,18 100,00% 33.036 100,00%

Statistics

WA Remaining Term 29,66


Santander-Platz 1




Period No 19

17.1 Remaining Term (Graph) Monthly Period Jan 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

100.000.000

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

Cu

rren

t P

rin

cip

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Bala

nce

Remaining Term in Months


Santander-Platz 1




Period No 19

18. Original Term Monthly Period Jan 2020



Original Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

13:25 965.538,45 0,28% 446 1,35%

26:38 26.052.174,32 7,53% 4.126 12,49%

39:51 72.050.399,28 20,83% 7.889 23,88%

52:64 199.935.886,96 57,81% 15.936 48,24%

65:77 20.112.225,65 5,82% 2.324 7,03%

78: 26.725.245,52 7,73% 2.315 7,01%

Total 345.841.470,18 100,00% 33.036 100,00%

Statistics

WA Original Term 58,47


Santander-Platz 1




Period No 19

18.1 Original Term (Graph) Monthly Period Jan 2020



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

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

Cu

rren

t P

rin

cip

al

Bala

nce

Original Term in Months


Santander-Platz 1




Period No 19

19. Manufacturer Brands Monthly Period Jan 2020



Manufacturer

brands

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

1 45.171.750,61 13,06% 3.459 10,47%

2 40.601.062,32 11,74% 3.393 10,27%

3 32.788.565,24 9,48% 3.356 10,16%

4 28.525.118,09 8,25% 3.000 9,08%

5 27.905.115,16 8,07% 2.153 6,52%

6 26.312.298,77 7,61% 3.226 9,77%

7 16.915.828,82 4,89% 1.403 4,25%

8 14.879.275,03 4,30% 1.536 4,65%

9 14.602.208,49 4,22% 1.280 3,87%

10 13.036.842,60 3,77% 933 2,82%

11 12.832.420,33 3,71% 1.243 3,76%

12 11.344.429,87 3,28% 1.158 3,51%

13 6.436.899,84 1,86% 742 2,25%

14 6.078.353,74 1,76% 624 1,89%

15 4.616.665,63 1,33% 552 1,67%

302.046.834,54 87,34% 28.058 84,93%

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 19

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



Priority of Payments

Available Distribution Amount 15.841.927,43 €

Senior Expenses - 11.900,00 €

Net Swap Payments - 70.144,24 €

Interest Notes Class A - - €

Interest Notes Class B - 21.258,90 €

Payments to Liquidity Reserve Fund - 3.181.946,56 €

Principal Payments Class A - 11.353.181,40 €

Principal Payments Class B - - €

Payment due to rounding differences - 4,32 €

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 - 2.463,34 €

Principal Payments Subordinated Loan - 121.348,23 €

Payments to Seller = 1.079.680,44 €

Transaction Costs All notes Class A Class B Senior Expenses 11.900,00 €-

Interest accrued for the Period 21.258,90 €- - € 21.258,90 €-

Cumulative Interest accrued 553.304,10 €- 161.736,30 €- 391.567,80 €-

Interest Payments 21.258,90 €- - € 21.258,90 €-

Cumulative Interest Payments 553.304,10 €- 161.736,30 €- 391.567,80 €-

Interest accrued on Subordinated Loan for the Period 2.463,34 €-

Cumulative Interest accrued on Subordinated Loan 61.638,70 €-

Interest Payments on Subordinated Loan 2.463,34 €-

Cumulative Interest Payments on Subordinated Loan 61.638,70 €-

Unpaid Interest for the Period - €

Cumulative Unpaid Interest - €


Santander-Platz 1




Period No 19

21.1 Swap Counterparty 1 Monthly Period Jan 2020



Swap Counterparty Swap Counterparty ABN AMRO

Swap Rating Trigger Breach no

Rating Trigger & Current RatingsConsequenses

Long

Term

Short

TermOutlook

Long Term

(CRA)Long Term Outlook

Trigger

breach

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 159.097.327,95 c/o Operations Markets Treasury & Derivatives Current Counterparty ABN AMRO

Fixed Rate -0,2000% Gustav Mahlerlaan 10

Floating Rate (Euribor) -0,4560% 1082 PP Amsterdam

Net Swap Payments -35.072,12 The Netherlands

Notional Amount next period 153.420.737,25 Phone +31 20 383 1164

Email: [email protected]

Swap CollateralBegining of Period -€

Cash Outflow -€

Cash Inflow -€

End of Period -€

Ratings as of 31.12.2019, data source: Bloomberg

DBRS Moody's


Santander-Platz 1




Period No 19

21.2 Swap Counterparty 2 Monthly Period Jan 2020



Swap Counterparty Swap Counterparty DZ Bank AG

Swap Rating Trigger Breach no

Rating Trigger & Current RatingsConsequenses

Long

Term

Short

TermOutlook

Long Term

(CRA)Long Term Outlook

Trigger

breach

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 POS 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 159.097.327,95 Kapitalmärkte Handel / ABS-Emissionen Current Counterparty DZ Bank AG

Fixed Rate -0,2000% Platz der Republik

Floating Rate (Euribor) -0,4560% 60265 Frankfurt am Main

Net Swap Payments -35.072,12 Germany

Notional Amount next period 153.420.737,25 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 19

22. Retention Monthly Period 13.01.2020



599.999.998,18 €

357.194.642,68 €

345.841.470,18 €

5.610.000,00 €

3.303.294,79 €

3.181.946,56 €

39.000.000,00 €

39.000.000,00 €

39.000.000,00 €

7,44%

11,84%

12,20%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 10.01.2020

Monthly Investor Report 13.01.2020

19

23. Counterparties Jan 2020

from 13.12.2019 to 13.01.2020 = 31 days

from 01.12.2019 to 31.12.2019

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

Counterparty

status

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) STABLE 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 Trustee Services GmbH - - - - - - 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 19

24. Issuer Information Monthly Period Jan 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 10.01.2020


19

25. Santander Consumer Bank Jan 2020

from 13.12.2019 to 13.01.2020 = 31 days

from 01.12.2019 to 31.12.2019

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]

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


Collection Period

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period


Moody's

Banco Santander S.A.

Santander Consumer Finance S.A.

DBRS


Santander-Platz 1


mailto:[email protected]

mailto:[email protected]

SC Germany Auto 2018-1 10.01.2020


19

26. Glossary Jan 2020

from 13.12.2019 to 13.01.2020 = 31 days

from 01.12.2019 to 31.12.2019

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 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


Documents

SC Germany Auto 2018-1 Monthly Investor Report · 2020-06-22 · SC Germany Auto 2018-1 Reporting Date 10.01.2020 Monthly Investor Report Payment Date 13.01.2020 Period No 19 Cover