VCL 19 - True Sale International

Publication date: 18.08.2014

Period: 07.2014 / Period no. 6

Index

Deal name: VCL 19

Issuer: VCL Multi-Compartment S.A.

acting on behalf of its Compartment VCL 19

52-54 avenue du X Septembre

L-2550 Luxembourg

Luxembourg

Tel.: +352 2602 491

Fax: +352 2645 9628

Originator of the receivables: Volkswagen Leasing GmbH

Seller of the receivables: VCL Master S.A. acting on behalf of its Compartment 1

Servicer name: Volkswagen Leasing GmbH

Reporting entity: Volkswagen Leasing GmbH

ABS Operations

Käferweg, 4 Building E

38112 Braunschweig

Federal Republic of Germany

Contact: Tel.: +49 531 212 87510

Fax: +49 531 212 77540

Email: [email protected]

Corporate service provider: Wilmington Trust SP Services

(Luxembourg) S.A.

52-54 avenue du X Septembre

L-2550 Luxembourg

Luxembourg

Tel.: +352 2602 491

Fax: +352 2645 9628


Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 1 / 29



Index

Contents

Page Table of contents1 Cover

2 Index

3 Reporting details

4 Parties overview

5 Transaction events I

6 Transaction events II

7 Transaction events III

8 Information regarding the notes I

9 Information regarding the otes II

10 Credit enhancement

11 Swap fixing / Waterfall

12 Retention

13 Amortisation profile I

14 Amortisation profile II

15 Run out schedule I

16 Run out schedule II

17 Outstanding contracts

18 Delinquencies & defaults I

19 Delinquencies & defaults II

20 Delinquencies & defaults III

21 Write-offs

22 Pool data I

23 Pool data II

24 Pool data III

25 Pool data IV

26 Pool data V

27 Pool data VI

28 Lease level data



Period: 31.07.2014 / Period no. 6

Index

Reporting details

Deal overview

Cut-Off-Date 31.01.2014 Publication date:

Scheduled date of Clean-Up-

Call10.2016 Payment date:

Legal final maturity date 11.2019 Reporting date:

Issue date 25.02.2014 Asset collection period:

Period no.: 6 Interest accrual period:

Reporting frequency: monthly Note payment period:

Next payment date: 22.09.2014 Days accrued:

Type of car at pool cutNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage outstanding

discounted balance

New cars 67.385 95,33% 711.739.284,07 € 94,90%

Used cars 1.373 1,94% 14.955.995,82 € 1,99%

Demonstration cars 1.927 2,73% 23.309.898,39 € 3,11%

Total 70.685 100,00% 750.005.178,28 € 100,00%

Type of product at pool cutNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage outstanding

discounted balance

Closed end contract 69.681 98,58% 740.098.544,77 € 98,68%

Open end lease contract 1.004 1,42% 9.906.633,51 € 1,32%

Total 70.685 100,00% 750.005.178,28 100,00%

31

18.08.2014 (16th of each month)

31.07.2014 (last day of each month)

from 01.07.2014 until 31.07.2014

from 21.07.2014 until 21.08.2014

from 21.07.2014 until 21.08.2014

21.08.2014 (21st of each month)




Index

Parties overview

Lead manger: Barclays Bank PLC Wilmington Trust SP

Attn.: Debt Syndicate Services (Frankfurt) GmbH

5 The North Colonnade Steinweg 3-5

Canary Wharf 60313 Frankfurt am Main

London E14 4BB Germany

United Kingdom Fax +49 69 9288 495 20

Tel.: +44 20 7773 9098 Tel.: +49 069 9288 495 22

Fax: +44 20 7516 7548 Email: [email protected]

Commerzbank Aktiengesellschaft

Attn.: Group Legal Debt Securities

Kaiserstraße 16 (Kaiserplatz)

60311 Frankfurt am Main

Germany

Tel.: +49 69 136 89546

Fax: +49 69 136 85719

Paying agent/ The Bank of New York Mellon Data protection Volkswagen Bank GmbH

Calculation agent/ London Branch trustee: Gifhorner Straße 57

Interest determination agent: One Canada Square 38112 Braunschweig

London E145 AL Germany

United Kingdom Fax: +49 531 212 7 23 67

Attn.: Corporate Trust Administration Tel.: +49 531 212 85257

Fax: 44 20 7964 4637 Email: [email protected]

Account bank: The Bank of New York Mellon, Frankfurt BranchClearing systems:

Clearstream Banking S.A.

Messe Turm Luxembourg, 42 Avenue JF Kennedy

Friedrich-Ebert-Anlage 49/40th Floor/E77-40A0 L-1885 Luxembourg

60327 Frankfurt am Main Luxembourg

Germany Email: [email protected]

Attn.: Corporate Trust Manager / VCL 19

Tel.: +49 69 12014 1000 Euroclear Bank S.A./N.V.

Fax: +49 69 12014 1687 1 Boulevard du Roi Albert II

B-1210 Brussels

Belgium

Tel.: +32 2 326 1211

Swap counterparty: The Bank of Nova Scotia Corporate servicer Wilmington Trust SP Services

Attn.: Global Capital Markets Documentation provider: (Luxembourg) S.A.

40 King Street West 52-54 avenue du X Septembre

Scotia Plaza, 55th Floor L-2550 Luxembourg

Toronto, Ontario Luxembourg

Canada M5H 1H1 Fax: +352 2645 9628

Tel.: (416) 866-6613 Tel.: +352 2602 491

Fax: (416) 350-1187 Email: [email protected]

Servicer: Volkswagen Leasing GmbH Rating agencies: Fitch Ratings Ltd

Gifhorner Str. 57 30 The North Colonnade

38112 Braunschweig London E14 5GN

Germany United Kingdom

Fax + 49 531 212 77540 Fax: 49 (0)69 768076 230

Tel.: +49 531 212 84952 E-mail: [email protected]


Moody's Deutschland GmbH

Attn.: Monitoring

An der Welle 5

60322 Frankfurt am Main

Germany

Fax: +49 69 7073 0831

E-mail: [email protected]

DBRS Ratings Limited

Attn: Alexander Garrod

1 Minster Court

10th Floor Mincing Lane

London, EC3R 7AA

United Kingdom

Fax: +44 203 137 5129

E-mail: [email protected]

Security trustee/

Process agent:



Period: 07.YYY / Period no. 6

Index

Transaction events I

Clean-Up-Call

79,11%

10,00%

Repurchase of receivables Number of contractsPercentage of

contracts

Outstanding discounted

balance

Percentage of outstanding

discounted balanceRe-Purchase price

Current period - - - - -

Previous periods - - - - -

Total - - - - -

Transaction party replacements

Capacity of transaction party Date of replacementReason for

replacementReplaced party Replaced by

Clean-Up-Call condition

If a repurchase of receivables occurred, it would only result from non-eligibility as of the respective Cut-Off-Date (which has been discovered at a later stage).

Percentage of current outstanding discounted portfolio

Min. percentage of outstanding discounted portfolio The Clean-Up-Call condition is planned to be reached in Okt 2016.

Volkswagen Leasing GmbH will have the right at its option to exercise a Clean-Up-Call and to repurchase the lease receivables from VCL 19 at any time when the sum of the

outstanding discounted balances for all lease contracts is less than 10% of the sum of the outstanding discounted balances for all lease contracts as of the Cut-Off-Date,

provided that all payment obligations under the notes will be thereby fulfilled.




Index

Transaction events II

NO

NO

NO

Cumulative net losses Number of contractsWrite-Off

amountWrite-Offs registered in

current period1 2.694,36 €

Write-Offs contracts incl.

current period2 6.124,04 €

6.124,04 €

750.005.178,28 €

0,00082%

Outstanding discounted balance as of Cut-Off-Date

Cumulative net loss ratio as percentage divided by the discounted balance at pool cut

Credit enhancement increase conditionsLevel 1a credit enhancement increase condition - Cumulative Write-Offs do not amount to 0,50% for any payment

date before and incl. 05.2015

Level 1b credit enhancement increase condition -Cumulative Write-Offs do not amount to 1,15% for any payment

date between 06.2015 and incl. 02.2016

Level 2 credit enhancement increase condition - Cumulative Write-Offs do not amount to 1,60% for any payment

date

Cumulative Write-Offs as of the end of the monthly period

0,0

00

00

%

0,0

00

00

%

0,0

00

00

%

0,0

00

00

%

0,0

00

46

%

0,0

00

46

%

0,0

00

82

%

0,00%

0,25%

0,50%

0,75%

1,00%

1,25%

1,50%

1,75%

2,00%

01

.20

14

03

.20

14

05

.20

14

07

.20

14

09

.20

14

11

.20

14

01

.20

15

03

.20

15

05

.20

15

07

.20

15

09

.20

15

11

.20

15

01

.20

16

03

.20

16

05

.20

16

07

.20

16

09

.20

16

11

.20

16

01

.20

17

03

.20

17

05

.20

17

07

.20

17

09

.20

17

11

.20

17

01

.20

18

03

.20

18

05

.20

18

07

.20

18

09

.20

18

in %

Reporting period

Cumulative net losses in percent of initial pool

Cumulative Net Loss Ratio Level 1a/b Level 2




Index

Transaction events III

Account bank:

The Bank of New York Mellon Long term Short term Outlook Long term Short term Outlook Long term Short term OutlookCurrent rating* A1 P-1 Stable AA R-1 (middle) stable AA- F1+ Stable

Minimum required rating

(if no short term rating available, the higher long

term rating is applicable)

A2 P-1 Stable A R-1 stable A F1 Stable

BNY Mellon Required rating: FulfilledSwap counterparty

Scotiabank Long term Short term Outlook Long term Short term Outlook Long term Short term OutlookCurrent rating* Aa2 P-1 Negative n.a. R-1 (high) stable AA- F1+ Stable

Bank of Nova Scotia

Minimum required rating A3 - A - A F1

(if no short term rating available, the higher long term

rating is applicable)

Required rating: Fulfilled

*Ratings last updated on 01/08/2014

Fitch

Fitch

Moody's DBRS

Moody's DBRS




Index

Information regarding the notes I

Rating at issue date Class A Class B

Moody's Aaa(sf) A1(sf)

Fitch AAA(sf) AA-(sf)

DBRS AAA(sf) A high(sf)

Current rating Class A Class B

Moody's Aaa(sf) A1(sf)

Fitch AAA(sf) AA-(sf)

DBRS AAA(sf) A high(sf)

Information on notes Class A Class B

Legal final maturity date Nov 2019 Nov 2019

Scheduled Clean-Up-Call Okt 2016 Okt 2016

ISIN: XS1022746959 XS1022763533

Common code: 102274695 102276353

Nominal amount 100.000,00 € 100.000,00 €

Information on interest Class A Class B

Spread/ Margin 35 bps 68 bps

Index rate 1-Month-Euribor 1-Month-Euribor

Fixed/Floating floating floating

Current coupon 0,441% 0,771%

Day count convention actual/360 actual/360




Index

Information regarding the notes II

Monthly period:

Payment date:

Interest accrual period (from/until)

Days accrued

Index rate

Base interest rate:

Day count convention

Interest payments Class A Class B

Total interest amount of the reporting period 215.148,75 € 14.938,13 €

Paid interest 215.148,75 € 14.938,13 €

Unpaid interest Class A Class B

Unpaid interest of the reporting period 0,00 € 0,00 €

Cumulative unpaid interest 0,00 € 0,00 €

Note balance Class A Class B

Note balance as of cut of date 697.500.000,00 € 22.500.000,00 €

Note balance as of the beginning of the period 566.553.651,75 € 22.500.000,00 €

Redemption amount per class -25.982.433,00 € 0,00 €

Class balance as of the end of the period 540.571.218,75 € 22.500.000,00 €

Payments to investors per note Class A Class B

Interest 30,85 € 66,39 €

Principal repayment by note 3.725,08 € 0,00 €

Number of notes 6.975 225

Note factor 0,775013 1,000000

Overcollateralisation Class A Class B

Initial OC percentage at poolcut 7,0006% 4,0007%

Current OC percentage 8,8920% 5,0999%

Target OC percentage 12,2500% 7,5000%

Subordinated loan - -2

Balance as of the beginning of the period 19.688.920,70 €

Redemption 0,00 €

Capitalization of interest 35.451,54 €

Balance as of the end of the period 19.724.372,24 €

0,091%

actual/360

07.2014

21.08.2014

21.07.2014 until 21.08.2014

31

1-Month-Euribor




Index

Credit enhancement

Credit enhancement as of Cut-off-Date% of aggregate outstanding

discounted balanceValue

Class B note* 3,00% 22.500.000,00 €

Subordinated loan 2,80% 21.005.178,28 €

Overcollateralization 1,20% 9.000.000,00 €

Cash collateral account 1,20% 9.000.000,00 €

Cash collateral account (CCA) in EURin Percentage of outstanding

discounted balance as of

Initial balance at poolcut 9.000.000,00 € 1,200%

Thereof general cash reserve 9.000.000,00 € 1,200%

Thereof german trade tax risk reserve 0,00 € 0,000%

Targeted balance (Floor)



Balance as of the beginning of the period 7.500.000,00 € 1,000%

Payment from CCA 0,00 € -

Payment to CCA 0,00 € -

Balance as of the end of the period 7.500.000,00 € 1,000%



Accrued interest 1.902,24 € -

Calculation of credit enhancement

Set off risk

There is no set off risk applicable.

Initially, VCL 19's credit enhancement consists of the respective note issue in comparison to the outstanding discounted balance

as of poolcut, minus any senior debt issuance. This 'overcollateralisation' is specific for each note series and increases with its

seniority.

Subsequently, the 'overcollateralisation' is calculated (as an OC percentage) on a monthly basis, all on end of month figures.

Considering the seniority of the respective note series, redemption is made until an overcollateralisation of 12,25% for Class A

(7,5% for Class B) has been reached. However, if an enforcement event causes the transaction to switch into sequential

payment mode, the OC percentages will not determine the maximum redemption amount and may be exceeded.

In addition, there is the 'general cash reserve' which is in principle to the benefit of all tranches over the entire lifetime of the

transaction.

The transaction starts amortising class A only until its OC percentage is reached.

The transaction switches into pro rata amortisation once an overcollateralisation percentage (i.e. credit enhancement excluding

the cash collateral account) of 12,25% for the class A notes and 7,5% for the class B notes has been reached.




Index

Swap fixing / Waterfall

Amortising interest rate swap Class A Class B

Initial principal 697.500.000,00 € 22.500.000,00 €

Underlying principal for reporting period 566.553.651,75 € 22.500.000,00 €

Paying leg Fix interest rate Fix interest rate

Receiving leg Floating interest rate Floating interest rate

Net swap payments / Net swap receipts 44.521,67 € 1.749,37 €

Available distribution amount calculation Payment to waterfall position Remaining amount

Available collections amount 28.872.029,09 € 28.872.029,09 €

Buffer release amount -2.091.846,27 € 26.780.182,82 €

Net swap receipt class A 0,00 € 26.780.182,82 €

Net swap receipt class B 0,00 € 26.780.182,82 €

Purchase price amount 0,00 € 26.780.182,82 €

Accumulation account interest 0,00 € 26.780.182,82 €

Remaining rounding amount (Previous period) 58,14 € 26.780.240,96 €

Waterfall Payment to waterfall position Remaining amount

Available distribution amount - 26.780.240,96 €

1) Taxes -78,77 € 26.780.162,19 €

2) Payment to security trustee 0,00 € 26.780.162,19 €

3) Servicing fee -516.060,24 € 26.264.101,95 €

4) Payment in respect of fees -5.310,00 € 26.258.791,95 €

5.i) Net swap payment class A -44.521,67 € 26.214.270,28 €

5.ii) Net swap payment class B -1.749,37 € 26.212.520,91 €

6) Interest payment class A -215.148,75 € 25.997.372,16 €

7) Interest payment class B -14.938,13 € 25.982.434,03 €

8) Payment to cash collateral account 0,00 € 25.982.434,03 €

9) Payment to CCA due to german trade tax increase event 0,00 € 25.982.434,03 €

10) Redemption class A -25.982.433,00 € 1,03 €

11) Redemption class B 0,00 € 1,03 €

Remaining rounding amount (Current period) -1,03 € 0,00 €

12) Other payment to swap counterparties 0,00 € 0,00 €

13) Accrued and unpaid interest on the subordinated loan 0,00 € 0,00 €

14) Redemption subordinated loan 0,00 € 0,00 €

15) Final success fee 0,00 € 0,00 €

Distribution of cash collateral account surplus Payment to waterfall position Remaining amount

Payment from cash collateral account 0,00 € 0,00 €

Interest subordinated loan 0,00 € 0,00 €

Redemption subordinated loan 0,00 € 0,00 €




Index

Retention of net economic interest

Retention amount at poolcut

Type of assetNumber of

contracts

Percentage of

contracts

Outstanding

nominal balance

Percentage of

nominal balance

Portfolio sold to SPV 70.685 92,15% 809.359.696,13 € 92,50%

Retention of VW Leasing 6.024 7,85% 65.631.408,14 € 7,50%

Total 76.709 100,00% 874.991.104,27 € 100,00%

Retention amounts - -2

Minimum retention 42.597.878,74 € 5,00%

Actual retention 65.631.408,14 € 7,50%

Retention amount end of reporting period

Type of assetNumber of

contracts

Percentage of

contracts

Outstanding

nominal balance

Percentage of

nominal balance

Portfolio sold to SPV 68.904 92,22% 632.756.098,52 € 92,59%

Retention of VW Leasing 5.812 7,78% 50.647.943,69 € 7,41%

Total 74.716 100,00% 683.404.042,21 € 100,00%

Retention amounts - -2

Minimum retention 33.302.952,55 € 5,00%

Actual retention 50.647.943,69 € 7,41%

article 405 Abs. 1 c CRR.

By adhering to option c) of the direction, Volkwagen Leasing GmbH will keep the exposures

designated for retention on its balance sheet on an ongoing basis.

The latest end of month level of retention will be published on a monthly basis

within the investor report.

In its capacity as originator and original lender, Volkswagen Leasing GmbH complies

with the retention requirements of a material net economic interest in accordance with




Index

Amortisation profile I

Note class

WAL At closing: 1,23 yrs Currently: 1,04 yrs At closing: 1,76 yrs Currently: 1,30 yrs

Payment date Actual note balanceForecasted note

balance

Actual note

balance2Forecasted note balance2

Poolcut 697.500.000,00 € - 22.500.000,00 € -

03.2014 671.451.932,25 € - 22.500.000,00 € -

04.2014 644.975.529,75 € - 22.500.000,00 € -

05.2014 618.730.976,25 € - 22.500.000,00 € -

06.2014 592.407.326,25 € - 22.500.000,00 € -

07.2014 566.553.651,75 € - 22.500.000,00 € -

08.2014 540.571.218,75 € - 22.500.000,00 € -

09.2014 - 513.338.935,32 € - 22.500.000,00 €

10.2014 - 486.409.075,12 € - 22.500.000,00 €

11.2014 - 459.754.541,72 € - 22.500.000,00 €

12.2014 - 433.410.521,85 € - 22.500.000,00 €

01.2015 - 407.273.744,38 € - 22.500.000,00 €

02.2015 - 381.387.528,86 € - 22.500.000,00 €

03.2015 - 358.671.088,66 € - 19.736.951,64 €

04.2015 - 336.664.757,99 € - 18.224.018,24 €

05.2015 - 315.020.388,82 € - 17.052.385,72 €

06.2015 - 293.756.198,42 € - 15.901.332,68 €

07.2015 - 272.847.335,58 € - 14.769.513,89 €

08.2015 - 252.341.416,58 € - 13.659.506,88 €

09.2015 - 232.459.660,44 € - 12.583.286,46 €

10.2015 - 213.191.257,57 € - 11.540.267,50 €

11.2015 - 194.630.238,66 € - 10.535.539,98 €

12.2015 - 176.746.871,69 € - 9.567.494,48 €

01.2016 - 159.329.869,15 € - 8.624.693,77 €

02.2016 - 142.544.541,51 € - 7.716.086,29 €

03.2016 - 126.591.553,67 € - 6.852.534,24 €

04.2016 - 111.678.338,55 € - 6.045.266,19 €

05.2016 - 97.836.616,08 € - 5.295.999,16 €

06.2016 - 85.014.394,24 € - 4.601.918,78 €

07.2016 - 73.170.772,79 € - 3.960.811,06 €

08.2016 - 62.340.646,59 € - 3.454.762,12 €

09.2016 - 51.573.332,67 € - 3.450.152,26 €

10.2016 - 0,00 € - 0,00 €

11.2016 - 0,00 € - 0,00 €

Based on the following assumptions: CPR of 5% and Clean-Up-Call at 10% of the outstanding portfolio.

Class A Class B




Index

Amortisation profile II

0

5.000.000

10.000.000

15.000.000

20.000.000

25.000.000

30.000.000

35.000.000

Reporting period

Outstanding balance in EUR

Amortisation profile class B-Notes

Actual Amort. B-Notes Expected Amort. B-Notes

Assuming a Clean-Up Call at 10% of the initial outstanding, annual prepayments of 5% and 0% defaults

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

Reporting period


Amortisation profile class A-Notes

Actual Amort. A-Notes Expected Amort. A-Notes

Assuming a Clean-Up Call at 10% of the initial outstanding, annual prepayments of 5% and 0% defaults



Period: 07.2014 / Period no. 6Index

Run out schedule I

Payment period Principal Interest Instalment

arrears 499.475,51 € 55.863,04 € 555.338,55 €

08.2014 24.758.130,61 € 2.816.744,34 € 27.574.874,95 €

09.2014 24.702.242,44 € 2.699.111,09 € 27.401.353,53 €

10.2014 24.621.463,35 € 2.581.742,87 € 27.203.206,22 €

11.2014 24.550.460,51 € 2.464.756,38 € 27.015.216,89 €

12.2014 24.536.740,28 € 2.348.109,70 € 26.884.849,98 €

01.2015 24.500.034,78 € 2.231.525,90 € 26.731.560,68 €

02.2015 24.359.420,38 € 2.115.118,15 € 26.474.538,53 €

03.2015 24.126.451,09 € 1.999.377,47 € 26.125.828,56 €

04.2015 23.912.559,48 € 1.884.745,52 € 25.797.305,00 €

05.2015 23.672.909,20 € 1.771.128,48 € 25.444.037,68 €

06.2015 23.458.490,62 € 1.658.650,28 € 25.117.140,90 €

07.2015 23.182.912,70 € 1.547.190,53 € 24.730.103,23 €

08.2015 22.636.192,28 € 1.437.039,27 € 24.073.231,55 €

09.2015 22.094.211,63 € 1.329.487,98 € 23.423.699,61 €

10.2015 21.429.839,34 € 1.224.509,94 € 22.654.349,28 €

11.2015 20.791.941,60 € 1.122.689,66 € 21.914.631,26 €

12.2015 20.403.360,02 € 1.023.899,23 € 21.427.259,25 €

01.2016 19.805.338,27 € 926.955,65 € 20.732.293,92 €

02.2016 18.950.675,29 € 832.854,69 € 19.783.529,98 €

03.2016 17.826.651,92 € 742.812,65 € 18.569.464,57 €

04.2016 16.647.617,38 € 658.111,43 € 17.305.728,81 €

05.2016 15.517.475,24 € 579.013,14 € 16.096.488,38 €

06.2016 14.423.264,43 € 505.284,49 € 14.928.548,92 €

07.2016 13.174.117,92 € 436.754,84 € 13.610.872,76 €

08.2016 11.634.235,75 € 374.159,52 € 12.008.395,27 €

09.2016 9.739.686,22 € 318.882,40 € 10.058.568,62 €

10.2016 7.471.124,90 € 272.604,34 € 7.743.729,24 €

11.2016 5.681.979,91 € 237.107,20 € 5.919.087,11 €

12.2016 5.513.725,06 € 210.110,50 € 5.723.835,56 €

01.2017 5.261.057,04 € 183.913,00 € 5.444.970,04 €

02.2017 4.953.750,57 € 158.915,85 € 5.112.666,42 €

03.2017 4.578.135,52 € 135.378,77 € 4.713.514,29 €

04.2017 4.153.271,06 € 113.626,31 € 4.266.897,37 €

05.2017 3.776.463,24 € 93.893,01 € 3.870.356,25 €

06.2017 3.434.323,32 € 75.949,13 € 3.510.272,45 €

07.2017 3.029.711,24 € 59.631,87 € 3.089.343,11 €

08.2017 2.506.861,96 € 45.236,45 € 2.552.098,41 €

09.2017 1.860.462,26 € 33.325,18 € 1.893.787,44 €

10.2017 1.136.531,15 € 24.485,78 € 1.161.016,93 €

11.2017 540.519,74 € 19.085,85 € 559.605,59 €

12.2017 517.760,77 € 16.517,45 € 534.278,22 €

01.2018 487.563,08 € 14.057,19 € 501.620,27 €

02.2018 451.110,88 € 11.741,00 € 462.851,88 €

03.2018 411.556,36 € 9.597,57 € 421.153,93 €

04.2018 365.215,51 € 7.641,99 € 372.857,50 €

05.2018 314.139,05 € 5.907,02 € 320.046,07 €

06.2018 286.618,12 € 4.414,43 € 291.032,55 €

07.2018 243.754,90 € 3.052,35 € 246.807,25 €

08.2018 195.751,45 € 1.894,27 € 197.645,72 €

09.2018 138.575,36 € 964,13 € 139.539,49 €

10.2018 64.362,65 € 305,90 € 64.668,55 €

11.2018 0,00 € 0,00 € 0,00 €

Total 593.330.223,34 € 39.425.875,18 € 632.756.098,52 €




Index

Run out schedule II

0

200.000.000

400.000.000

600.000.000

800.000.000

1.000.000.000

01

.20

14

03

.20

14

05

.20

14

07

.20

14

09

.20

14

11

.20

14

01

.20

15

03

.20

15

05

.20

15

07

.20

15

09

.20

15

11

.20

15

01

.20

16

03

.20

16

05

.20

16

07

.20

16

09

.20

16

11

.20

16

01

.20

17

03

.20

17

05

.20

17

07

.20

17

09

.20

17

11

.20

17

01

.20

18

03

.20

18

05

.20

18

07

.20

18

09

.20

18Reporting

period


Expected amortisation of the outstanding discounted Asset-Portfolio

Expected Outstanding Discounted Asset-Portfolio Actual Outstanding Discounted Asset-Portfolio

The expected Portfolio amortisation is solely based on the scheduled payments according to rental plan, no assumptions on prepayments or defaults are made.




Index

Outstanding contracts

Collections by source - Collections

Paid instalments of monthly period - 27.569.199,76 €

therof capital - 24.654.147,57 €

therof interest - 2.915.052,19 €

Paid instalments of previous periods - 207.506,75 €

Early settlements - 1.095.322,58 €

Total - 28.872.029,09 €

Collections by statusNumber of

contractsCollections

Current 68.161 27.458.888,84 €

Delinquent 585 185.837,84 €

Default 158 29.246,66 €

End of Term 870 163.852,06 €

Early Settlement 909 1.032.815,69 €

Write-Off * 2 1.388,00 €

Total 70.685 28.872.029,09 €

Contract status development INumber of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceCurrent 70.685 750.005.178,28 € 67.385 711.739.284,07 € 1.373 14.955.995,82 € 1.927 23.309.898,39 € 52.131 567.778.199,08 € 18.554 182.226.979,20 €

Delinquent 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Default 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

End of Term 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Early Settlement 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Write-Off 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Total 70.685 750.005.178,28 € 67.385 711.739.284,07 € 1.373 14.955.995,82 € 1.927 23.309.898,39 € 52.131 567.778.199,08 € 18.554 182.226.979,20 €

Contract status development IINumber of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceCurrent 68.161 586.593.342,88 € 65.047 557.123.403,50 € 1.266 11.277.127,72 € 1.848 18.192.811,66 € 50.349 445.258.425,81 € 17.812 141.334.917,07 €

Delinquent 585 5.075.697,44 € 546 4.647.654,63 € 23 261.114,99 € 16 166.927,82 € 364 3.487.472,26 € 221 1.588.225,18 €

Default 158 1.661.183,02 € 139 1.425.751,09 € 5 68.305,41 € 14 167.126,52 € 127 1.362.017,93 € 31 299.165,09 €

End of Term 870 0,00 € 822 0,00 € 33 0,00 € 15 0,00 € 405 0,00 € 465 0,00 €


Write-Off 2 0,00 € 1 0,00 € 0 0,00 € 1 0,00 € 2 0,00 € 0 0,00 €

Total 70.685 593.330.223,34 € 67.385 563.196.809,22 € 1.373 11.606.548,12 € 1.927 18.526.866,00 € 51.790 450.107.916,00 € 18.895 143.222.307,34 €

3 4 5 6 7 8 9 10 13 14 17 18

Contract status as of the begin of the periodNumber of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceCurrent 67.875 584.017.913,08 € 249 2.310.989,48 € 13 117.112,57 € 344 0,00 € 132 0,00 € 0 0,00 €

Delinquent 281 2.542.752,00 € 320 2.699.778,94 € 44 496.252,11 € 3 0,00 € 5 0,00 € 1 0,00 €

Default 5 32.677,80 € 15 64.382,62 € 101 1.047.818,34 € 0 0,00 € 0 0,00 € 0 0,00 €

End of Term 0 0,00 € 1 546,40 € 0 0,00 € 523 0,00 € 2 0,00 € 0 0,00 €


Write-Off 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 1 0,00 €

Total 68.161 586.593.342,88 € 585 5.075.697,44 € 158 1.661.183,02 € 870 0,00 € 909 0,00 € 2 0,00 €

* Prior to write-off during reporting month.

Contract status developement IIIContract status as of the end of the Current period

Current Delinquent Default End of term Early settlement Write-Off

Total portfolio as of current reporting periodType of car Customer type

New vehicle Used vehicle Demonstration vehicle Retail Corporate

Total portfolio as of pool cut dateType of car Customer type





Index

Delinquencies & defaults I

Days in arrearsNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceDelinquent early settlements 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 30 <= 60 337 0,49% 3.068.896,89 € 0,52% 316 2.882.701,97 € 13 117.662,12 € 8 68.532,80 € 194 1.882.704,78 € 143 1.186.192,11 €

> 60 <= 90 152 0,22% 1.156.620,95 € 0,19% 143 1.070.291,65 € 6 60.064,86 € 3 26.264,44 € 93 924.596,57 € 59 232.024,38 €

> 90 <= 120 39 0,06% 396.958,35 € 0,07% 33 291.051,53 € 2 38.632,60 € 4 67.274,22 € 28 296.830,08 € 11 100.128,27 €

> 120 <= 150 20 0,03% 224.156,32 € 0,04% 17 174.544,55 € 2 44.755,41 € 1 4.856,36 € 17 197.009,40 € 3 27.146,92 €

> 150 <= 180 19 0,03% 137.642,22 € 0,02% 19 137.642,22 € 0 0,00 € 0 0,00 € 15 105.453,37 € 4 32.188,85 €

> 180 <= 210 17 0,02% 88.695,36 € 0,01% 17 88.695,36 € 0 0,00 € 0 0,00 € 16 78.150,71 € 1 10.544,65 €

> 210 <=240 1 0,00% 2.727,35 € 0,00% 1 2.727,35 € 0 0,00 € 0 0,00 € 1 2.727,35 € 0 0,00 €

> 240 <= 270 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 270 <= 300 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 300 <= 330 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 330 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Total 585 0,85% 5.075.697,44 € 0,86% 546 4.647.654,63 € 23 261.114,99 € 16 166.927,82 € 364 3.487.472,26 € 221 1.588.225,18 €

Delinquent contractsType of car Customer type


€0

€1.000.000

€2.000.000

€3.000.000

€4.000.000

€5.000.000

€6.000.000

€7.000.000

€8.000.000

€9.000.000

€10.000.000

Delinquent early settlements > 30 <= 60 > 60 <= 90 > 90 <= 120 > 120 <= 150 > 150 <= 180> 180 <= 210 > 210 <=240 > 240 <= 270 > 270 <= 300 > 300 <= 330 > 330

Delinquencies I - Outstanding discounted balance of delinquent contracts

Reporting period




Index

Delinquencies & defaults II


contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Outstanding

discounted balance at

day of default

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceDelinquent early settlements 17 0,02% 169.538,84 € 0,03% 188.782,02 € 16 159.666,58 € 0 0,00 € 1 9.872,26 € 12 123.541,59 € 5 45.997,25 €

> 30 <= 60 18 0,03% 177.312,60 € 0,03% 181.628,40 € 14 142.636,32 € 2 16.584,58 € 2 18.091,70 € 14 145.332,13 € 4 31.980,47 €

> 60 <= 90 22 0,03% 223.796,83 € 0,04% 225.194,19 € 18 187.725,39 € 1 13.802,59 € 3 22.268,85 € 22 223.796,83 € 0 0,00 €

> 90 <= 120 41 0,06% 394.305,95 € 0,07% 396.882,19 € 37 333.596,56 € 1 13.602,60 € 3 47.106,79 € 26 234.989,11 € 15 159.316,84 €

> 120 <= 150 29 0,04% 291.967,13 € 0,05% 295.395,99 € 25 235.558,33 € 1 24.315,64 € 3 32.093,16 € 25 254.369,70 € 4 37.597,43 €

> 150 <= 180 18 0,03% 239.197,31 € 0,04% 257.867,78 € 17 233.193,61 € 0 0,00 € 1 6.003,70 € 17 232.009,63 € 1 7.187,68 €

> 180 <= 210 13 0,02% 165.064,36 € 0,03% 173.329,55 € 12 133.374,30 € 0 0,00 € 1 31.690,06 € 11 147.978,94 € 2 17.085,42 €

> 210 <=240 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 240 <= 270 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 270 <= 300 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 300 <= 330 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 330 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Total 158 0,23% 1.661.183,02 € 0,28% 1.719.080,12 € 139 1.425.751,09 € 5 68.305,41 € 14 167.126,52 € 127 1.362.017,93 € 31 299.165,09 €

Defaulted contractsType of car Customer type


€0

€500.000

€1.000.000

€1.500.000

€2.000.000

€2.500.000

€3.000.000

Delinquent early settlements > 30 <= 60 > 60 <= 90 > 90 <= 120 > 120 <= 150 > 150 <= 180 > 180 <= 210 > 210 <=240 > 240 <= 270 > 270 <= 300 > 300 <= 330 > 330

Delinquencies II - Outstanding discounted balance of default contracts

Reporting period




Index

Delinquencies & defaults III


contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceDelinquent early settlements 17 0,02% 169.538,84 € 0,03% 16 159.666,58 € 0 0,00 € 1 9.872,26 € 12 123.541,59 € 5 45.997,25 €> 30 <= 60 355 0,52% 3.246.209,49 € 0,55% 330 3.025.338,29 € 15 134.246,70 € 10 86.624,50 € 208 2.028.036,91 € 147 1.218.172,58 €> 60 <= 90 174 0,25% 1.380.417,78 € 0,23% 161 1.258.017,04 € 7 73.867,45 € 6 48.533,29 € 115 1.148.393,40 € 59 232.024,38 €> 90 <= 120 80 0,12% 791.264,30 € 0,13% 70 624.648,09 € 3 52.235,20 € 7 114.381,01 € 54 531.819,19 € 26 259.445,11 €> 120 <= 150 49 0,07% 516.123,45 € 0,09% 42 410.102,88 € 3 69.071,05 € 4 36.949,52 € 42 451.379,10 € 7 64.744,35 €> 150 <= 180 37 0,05% 376.839,53 € 0,06% 36 370.835,83 € 0 0,00 € 1 6.003,70 € 32 337.463,00 € 5 39.376,53 €> 180 <= 210 30 0,04% 253.759,72 € 0,04% 29 222.069,66 € 0 0,00 € 1 31.690,06 € 27 226.129,65 € 3 27.630,07 €> 210 <=240 1 0,00% 2.727,35 € 0,00% 1 2.727,35 € 0 0,00 € 0 0,00 € 1 2.727,35 € 0 0,00 €> 240 <= 270 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €> 270 <= 300 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €> 300 <= 330 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €> 330 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Total 743 1,08% 6.736.880,46 € 1,14% 685 6.073.405,72 € 28 329.420,40 € 30 334.054,34 € 491 4.849.490,19 € 252 1.887.390,27 €

Delinquent and defaulted contractsCustomer type

Retail CorporateNew vehicle Used vehicle Demonstration vehicleType of car

€0

€1.000.000

€2.000.000

€3.000.000

€4.000.000

€5.000.000

€6.000.000

€7.000.000

€8.000.000

€9.000.000

€10.000.000

Delinquent early settlements > 30 <= 60 > 60 <= 90 > 90 <= 120 > 120 <= 150 > 150 <= 180 > 180 <= 210 > 210 <=240 > 240 <= 270 > 270 <= 300 > 300 <= 330 > 330

Delinquencies III - Outstanding discounted balance of delinquent and default contracts

Reporting period




Index

Write-Offs

Write-Offs of the

monthly periodNumber of contracts Amount

31.07.2014 1 2.694,36 €

6.124,04 €

750.005.178,28 €

0,00082%

Monthly period Number of contracts Write-Offs Number of contracts Write-Offs

28.02.2014 0 0,00 € 0 0,00 €

31.03.2014 0 0,00 € 0 0,00 €

30.04.2014 0 0,00 € 0 0,00 €

31.05.2014 1 3.429,68 € 1 3.429,68 €

30.06.2014 0 0,00 € 1 3.429,68 €

31.07.2014 1 2.694,36 € 2 6.124,04 €

31.08.2014 - - - -

30.09.2014 - - - -

31.10.2014 - - - -

30.11.2014 - - - -

31.12.2014 - - - -

31.01.2015 - - - -

28.02.2015 - - - -

31.03.2015 - - - -

30.04.2015 - - - -

31.05.2015 - - - -

30.06.2015 - - - -

31.07.2015 - - - -

31.08.2015 - - - -

30.09.2015 - - - -

31.10.2015 - - - -

30.11.2015 - - - -

31.12.2015 - - - -

31.01.2016 - - - -

29.02.2016 - - - -

31.03.2016 - - - -

30.04.2016 - - - -

31.05.2016 - - - -

30.06.2016 - - - -

31.07.2016 - - - -

31.08.2016 - - - -

30.09.2016 - - - -

31.10.2016 - - - -

30.11.2016 - - - -

31.12.2016 - - - -

31.01.2017 - - - -

28.02.2017 - - - -

31.03.2017 - - - -

30.04.2017 - - - -

31.05.2017 - - - -

Total 2 6.124,04 €

Current period Cumulative Write-Offs

Cumulative Write-Offs as of the end of the monthly period

Outstanding discounted balance as of Cut-Off-Date

Cumulative net loss ratio




Index

Prepayments

Reporting period Unscheduled paymentsDiscounted balance as

of previous periodPeriodic CPR Annualised CPR

Pool Cut - - - -

28.02.2014 1.197.940,13 € 750.005.178,28 € 0,160% 1,900%

31.03.2014 1.470.465,31 € 724.027.199,45 € 0,203% 2,410%

30.04.2014 1.232.326,49 € 697.576.772,02 € 0,177% 2,099%

31.05.2014 1.335.553,71 € 671.382.335,46 € 0,199% 2,361%

30.06.2014 1.003.784,70 € 645.101.142,38 € 0,156% 1,851%

31.07.2014 1.095.322,58 € 619.272.290,60 € 0,177% 2,102%

31.08.2014 - - - -

30.09.2014 - - - -

31.10.2014 - - - -

30.11.2014 - - - -

31.12.2014 - - - -

31.01.2015 - - - -

28.02.2015 - - - -

31.03.2015 - - - -

30.04.2015 - - - -

31.05.2015 - - - -

30.06.2015 - - - -

31.07.2015 - - - -

31.08.2015 - - - -

30.09.2015 - - - -

31.10.2015 - - - -

30.11.2015 - - - -

31.12.2015 - - - -

31.01.2016 - - - -

29.02.2016 - - - -

31.03.2016 - - - -

30.04.2016 - - - -

31.05.2016 - - - -

30.06.2016 - - - -

31.07.2016 - - - -

31.08.2016 - - - -

30.09.2016 - - - -

31.10.2016 - - - -

30.11.2016 - - - -

31.12.2016 - - - -

31.01.2017 - - - -

28.02.2017 - - - -

31.03.2017 - - - -

30.04.2017 - - - -

31.05.2017 - - - -

The annualised constant prepayment rate (CPR) of the underlying receivables based upon the most recent periodic

CPR. Periodic CPR is equal to the total unscheduled principal received in the most recent period divided by the

start of period principal balance. This is then annualised as follows:

1-((1-Periodic CPR)^number of periods in a year)



Index

Pool data I

Distribution by payment typeNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceDirect borrower account debit 64.009 92,90% 555.015.858,71 € 93,54% 60.949 525.941.949,18 € 1.244 11.132.130,70 € 1.816 17.941.778,83 € 49.035 434.695.651,12 € 14.974 120.320.207,59 €

Others 4.895 7,10% 38.314.364,63 € 6,46% 4.783 37.254.860,04 € 50 474.417,42 € 62 585.087,17 € 1.805,00 € 15.412.264,88 € 3.090,00 € 22.902.099,75 €

Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €

Distribution by contract

concentration

Number of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance1 32.890 47,73% 304.097.921,34 € 51,25% 30.293 278.973.990,04 € 1.029 9.468.473,29 € 1.568 15.655.458,01 € 32.143 297.625.897,00 € 747 6.472.024,34 €

2 - 10 27.605 40,06% 229.476.946,67 € 38,68% 27.086 224.836.043,71 € 237 1.964.223,59 € 282 2.676.679,37 € 18.363 151.174.750,39 € 9.242 78.302.196,28 €

11 - 20 5.286 7,67% 40.711.787,16 € 6,86% 5.247 40.479.071,27 € 23 127.337,35 € 16 105.378,54 € 310 1.261.546,48 € 4.976 39.450.240,68 €

21 - 50 2.965 4,30% 18.666.781,58 € 3,15% 2.948 18.530.917,61 € 5 46.513,89 € 12 89.350,08 € 24 45.722,13 € 2.941 18.621.059,45 €

> 50 158 0,23% 376.786,59 € 0,06% 158 376.786,59 € 0 0,00 € 0 0,00 € 0 0,00 € 158 376.786,59 €

Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €

Distribution by largest customerNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance1 23 0,03% 255.468,13 € 0,04% 23 255.468,13 € 0 0,00 € 0 0,00 € 0 0,00 € 23 255.468,13 €

2 19 0,03% 229.648,16 € 0,04% 19 229.648,16 € 0 0,00 € 0 0,00 € 0 0,00 € 19 229.648,16 €

3 13 0,02% 218.290,72 € 0,04% 13 218.290,72 € 0 0,00 € 0 0,00 € 0 0,00 € 13 218.290,72 €

4 30 0,04% 216.740,20 € 0,04% 30 216.740,20 € 0 0,00 € 0 0,00 € 0 0,00 € 30 216.740,20 €

5 32 0,05% 213.542,49 € 0,04% 32 213.542,49 € 0 0,00 € 0 0,00 € 0 0,00 € 32 213.542,49 €

6 21 0,03% 210.862,53 € 0,04% 21 210.862,53 € 0 0,00 € 0 0,00 € 0 0,00 € 21 210.862,53 €

7 22 0,03% 204.978,22 € 0,03% 22 204.978,22 € 0 0,00 € 0 0,00 € 0 0,00 € 22 204.978,22 €

8 25 0,04% 204.620,54 € 0,03% 25 204.620,54 € 0 0,00 € 0 0,00 € 0 0,00 € 25 204.620,54 €

9 36 0,05% 200.626,50 € 0,03% 36 200.626,50 € 0 0,00 € 0 0,00 € 0 0,00 € 36 200.626,50 €

10 25 0,04% 199.363,95 € 0,03% 25 199.363,95 € 0 0,00 € 0 0,00 € 0 0,00 € 25 199.363,95 €

11 17 0,02% 196.226,92 € 0,03% 17 196.226,92 € 0 0,00 € 0 0,00 € 0 0,00 € 17 196.226,92 €

12 18 0,03% 195.166,88 € 0,03% 18 195.166,88 € 0 0,00 € 0 0,00 € 0 0,00 € 18 195.166,88 €

13 23 0,03% 190.274,06 € 0,03% 23 190.274,06 € 0 0,00 € 0 0,00 € 0 0,00 € 23 190.274,06 €

14 6 0,01% 185.096,23 € 0,03% 6 185.096,23 € 0 0,00 € 0 0,00 € 0 0,00 € 6 185.096,23 €

15 16 0,02% 184.488,39 € 0,03% 16 184.488,39 € 0 0,00 € 0 0,00 € 0 0,00 € 16 184.488,39 €

16 69 0,10% 182.672,22 € 0,03% 69 182.672,22 € 0 0,00 € 0 0,00 € 0 0,00 € 69 182.672,22 €

17 21 0,03% 182.631,72 € 0,03% 21 182.631,72 € 0 0,00 € 0 0,00 € 0 0,00 € 21 182.631,72 €

18 31 0,04% 181.661,43 € 0,03% 31 181.661,43 € 0 0,00 € 0 0,00 € 0 0,00 € 31 181.661,43 €

19 27 0,04% 181.361,39 € 0,03% 27 181.361,39 € 0 0,00 € 0 0,00 € 0 0,00 € 27 181.361,39 €

20 23 0,03% 177.979,45 € 0,03% 23 177.979,45 € 0 0,00 € 0 0,00 € 0 0,00 € 23 177.979,45 €

Total 1 - 20 497 0,72% 4.011.700,13 € 0,68% 497 4.011.700,13 € 0 0,00 € 0 0,00 € 0 0,00 € 497 4.011.700,13 €

Total portfolioType of car Customer type









Index

Pool data II

Distribution by


balance

Number of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance0,01 - 5.000,00 17.095 24,81% 52.252.738,15 € 8,81% 16.394 49.943.706,07 € 304 1.007.494,02 € 397 1.301.538,06 € 12.733 39.426.297,08 € 4.362 12.826.441,07 €

5.000,01 - 10.000,00 29.713 43,12% 222.930.666,49 € 37,57% 28.461 213.564.691,68 € 532 3.989.244,62 € 720 5.376.730,19 € 20.866 156.371.875,18 € 8.847 66.558.791,31 €

10.000,01 - 15.000,00 15.242 22,12% 182.819.152,73 € 30,81% 14.493 173.820.864,92 € 320 3.839.240,62 € 429 5.159.047,19 € 11.310 136.293.365,48 € 3.932 46.525.787,25 €

15.000,01 - 20.000,00 4.583 6,65% 78.014.309,04 € 13,15% 4.282 72.834.609,30 € 89 1.526.130,69 € 212 3.653.569,05 € 3.861 65.886.893,90 € 722 12.127.415,14 €

20.000,01 - 25.000,00 1.494 2,17% 32.974.017,21 € 5,56% 1.393 30.754.183,80 € 28 618.888,09 € 73 1.600.945,32 € 1.374 30.367.897,30 € 120 2.606.119,91 €

25.000,01 - 30.000,00 448 0,65% 12.138.127,04 € 2,05% 405 10.970.020,99 € 15 408.178,53 € 28 759.927,52 € 408 11.060.582,00 € 40 1.077.545,04 €

> 30.000,00 329 0,48% 12.201.212,68 € 2,06% 304 11.308.732,46 € 6 217.371,55 € 19 675.108,67 € 288 10.701.005,06 € 41 1.500.207,62 €

Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €

146,55 €

80.211,10 €

8.610,97 €

Distribution by

outstanding nominal

balance

Number of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance0,01 - 5.000,00 15.876 23,04% 46.322.294,85 € 7,81% 15.237 44.313.991,88 € 281 895.022,27 € 358 1.113.280,70 € 11.802 34.900.777,95 € 4.074 11.421.516,90 €

5.000,01 - 10.000,00 27.594 40,05% 196.602.718,32 € 33,14% 26.435 188.433.804,15 € 485 3.423.307,66 € 674 4.745.606,51 € 19.399 137.743.242,95 € 8.195 58.859.475,37 €

10.000,01 - 15.000,00 16.790 24,37% 189.296.807,06 € 31,90% 15.961 179.880.518,99 € 361 4.099.926,48 € 468 5.316.361,59 € 12.262 138.629.357,24 € 4.528 50.667.449,82 €

15.000,01 - 20.000,00 5.588 8,11% 88.713.225,73 € 14,95% 5.270 83.563.374,94 € 103 1.656.322,22 € 215 3.493.528,57 € 4.625 73.600.265,72 € 963 15.112.960,01 €

20.000,01 - 25.000,00 1.906 2,77% 39.098.448,88 € 6,59% 1.775 36.440.094,33 € 34 692.081,41 € 97 1.966.273,14 € 1.703 34.995.358,92 € 203 4.103.089,96 €

25.000,01 - 30.000,00 670 0,97% 16.757.077,49 € 2,82% 615 15.375.699,04 € 18 451.473,63 € 37 929.904,82 € 623 15.571.798,27 € 47 1.185.279,22 €

> 30.000,00 480 0,70% 16.539.651,01 € 2,79% 439 15.189.325,89 € 12 388.414,45 € 29 961.910,67 € 426 14.667.114,95 € 54 1.872.536,06 €

Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €

147,25 €

88.062,00 €

9.183,15 €

Statistics

Minimum outstanding nominal balance

Customer type


Maximum outstanding nominal balance

Average outstanding nominal balance



Statistics

Minimum Outstanding discounted balance

Maximum Outstanding discounted balance

Average Outstanding discounted balance

Total portfolioType of car




Index

Pool data III

Distribution by

remaining term

Number of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance01-12 7.698 11,17% 27.032.058,29 € 4,56% 7.389 25.803.982,53 € 160 591.180,93 € 149 636.894,83 € 4.847 17.946.362,58 € 2.851 9.085.695,71 €

13-24 28.544 41,43% 224.012.224,92 € 37,76% 27.282 213.232.876,85 € 524 4.221.308,58 € 738 6.558.039,49 € 20.256 160.184.348,45 € 8.288 63.827.876,47 €

25-36 24.913 36,16% 249.925.098,00 € 42,12% 23.735 237.066.127,84 € 483 5.106.364,15 € 695 7.752.606,01 € 19.155 193.580.235,97 € 5.758 56.344.862,03 €

37-48 7.128 10,34% 83.573.080,58 € 14,09% 6.730 78.670.248,02 € 122 1.605.492,63 € 276 3.297.339,93 € 6.030 70.568.502,68 € 1.098 13.004.577,90 €

49-60 621 0,90% 8.787.761,55 € 1,48% 596 8.423.573,98 € 5 82.201,83 € 20 281.985,74 € 552 7.828.466,32 € 69 959.295,23 €

61-72 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

>72 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €

Distribution by

seasoning

Number of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance01-12 22.799 33,09% 226.547.910,00 € 38,18% 21.787 215.432.481,97 € 471 4.727.339,14 € 541 6.388.088,89 € 16.773 171.480.078,68 € 6.026 55.067.831,32 €

13-24 39.367 57,13% 333.531.058,94 € 56,21% 37.470 315.898.267,43 € 731 6.434.196,62 € 1.166 11.198.594,89 € 29.061 252.887.620,31 € 10.306 80.643.438,63 €

25-36 6.504 9,44% 32.453.760,63 € 5,47% 6.254 31.119.788,40 € 89 432.903,29 € 161 901.068,94 € 4.815 25.077.431,14 € 1.689 7.376.329,49 €

37-48 234 0,34% 797.493,77 € 0,13% 221 746.271,42 € 3 12.109,07 € 10 39.113,28 € 191 662.785,87 € 43 134.707,90 €

49-60 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

61-72 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

>72 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €

Weighted average seasoning 15,21



Statistics

Minimum seasoning 6

Maximum seasoning 48

Weighted average remaining term 26,35



Statistics

Minimum remaining term 1

Maximum remaining term 51




Index

Pool data IV

Distribution by brandNumber of

contracts

Percentage of

contracts

Outstanding

discounted balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceVW 29.073 42,19% 204.921.010,70 € 34,54% 28.013 196.394.273,88 € 647 5.099.333,11 € 413 3.427.403,71 € 20.416 146.083.783,72 € 8.657 58.837.226,98 €

VW LCV 10.608 15,40% 106.281.162,79 € 17,91% 9.971 100.138.152,45 € 290 2.820.665,07 € 347 3.322.345,27 € 8.065 83.146.020,75 € 2.543 23.135.142,04 €

Audi 19.458 28,24% 221.912.335,98 € 37,40% 18.291 208.524.822,85 € 290 3.152.706,23 € 877 10.234.806,90 € 14.540 172.831.404,65 € 4.918 49.080.931,33 €

Seat 2.494 3,62% 12.283.359,65 € 2,07% 2.382 11.584.278,06 € 21 126.939,78 € 91 572.141,81 € 2.069 10.272.503,43 € 425 2.010.856,22 €

Skoda 7.161 10,39% 46.597.893,60 € 7,85% 6.994 45.562.511,25 € 22 139.987,39 € 145 895.394,96 € 0 0,00 € 0 0,00 €

Other brands 110 0,16% 1.334.460,62 € 0,22% 81 992.770,73 € 24 266.916,54 € 5 74.773,35 € 69 911.469,72 € 41 422.990,90 €

Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 45.159 413.245.182,27 € 16.584 133.487.147,47 €

Distribution by geographical

region

Number of

contracts

Percentage of

contracts

Outstanding

discounted balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceBaden-Wuerttemberg 10.435 15,14% 92.520.606,56 € 15,59% 9.977 87.800.833,02 € 160 1.434.875,89 € 298 3.284.897,65 € 7.546 68.805.457,43 € 2.889 23.715.149,13 €

Bavaria 11.674 16,94% 107.092.501,58 € 18,05% 11.061 101.230.917,37 € 272 2.529.851,84 € 341 3.331.732,37 € 8.660 81.377.343,73 € 3.014 25.715.157,85 €

Berlin 2.013 2,92% 15.411.643,11 € 2,60% 1.877 14.256.271,49 € 55 523.540,54 € 81 631.831,08 € 1.527 11.949.843,69 € 486 3.461.799,42 €

Brandenburg 1.494 2,17% 12.503.227,24 € 2,11% 1.388 11.552.659,36 € 51 397.662,96 € 55 552.904,92 € 1.112 9.654.840,07 € 382 2.848.387,17 €

Bremen 758 1,10% 6.228.609,97 € 1,05% 726 5.941.226,69 € 12 122.091,59 € 20 165.291,69 € 450 3.750.595,04 € 308 2.478.014,93 €

Hamburg 2.250 3,27% 17.982.378,49 € 3,03% 2.171 17.313.566,27 € 22 190.144,36 € 57 478.667,86 € 1.612 13.507.625,36 € 638 4.474.753,13 €

Hesse 5.472 7,94% 46.110.905,59 € 7,77% 5.233 43.896.756,41 € 115 922.156,93 € 124 1.291.992,25 € 3.867 34.253.028,70 € 1.605 11.857.876,89 €

Lower Saxony 6.626 9,62% 56.634.135,20 € 9,55% 6.355 53.969.913,17 € 114 1.106.171,90 € 157 1.558.050,13 € 4.785 41.802.188,34 € 1.841 14.831.946,86 €

Mecklenburg-Vorpommern 1.127 1,64% 9.278.020,00 € 1,56% 1.084 8.873.071,79 € 19 178.262,82 € 24 226.685,39 € 905 7.709.907,02 € 222 1.568.112,98 €

North Rhine-Westphalia 15.096 21,91% 127.229.257,86 € 21,44% 14.474 121.636.578,45 € 266 2.186.992,43 € 356 3.405.686,98 € 10.955 94.570.822,75 € 4.141 32.658.435,11 €

Rhineland-Palatinate 2.215 3,21% 20.442.184,28 € 3,45% 2.105 19.307.770,87 € 33 358.130,36 € 77 776.283,05 € 1.672 15.697.800,11 € 543 4.744.384,17 €

Saarland 366 0,53% 3.381.688,49 € 0,57% 336 3.028.655,68 € 9 103.855,52 € 21 249.177,29 € 295 2.800.464,51 € 71 581.223,98 €

Saxony 3.667 5,32% 30.938.361,49 € 5,21% 3.501 29.394.077,72 € 64 573.389,29 € 102 970.894,48 € 2.973 25.678.029,17 € 694 5.260.332,32 €

Saxony-Anhalt 1.637 2,38% 13.302.306,23 € 2,24% 1.549 12.504.539,29 € 43 420.274,82 € 45 377.492,12 € 1.305 10.925.978,97 € 332 2.376.327,26 €

Schleswig-Holstein 2.253 3,27% 19.081.240,27 € 3,22% 2.160 18.247.921,59 € 34 341.974,17 € 59 491.344,51 € 1.760 15.181.147,57 € 493 3.900.092,70 €

Thuringia 1.818 2,64% 15.169.507,10 € 2,56% 1.734 14.233.747,61 € 23 201.825,26 € 61 733.934,23 € 1.413 12.419.193,66 € 405 2.750.313,44 €

Foreign countries (*) 3 0,00% 23.649,88 € 0,00% 1 8.302,44 € 2 15.347,44 € 0 0,00 € 3 23.649,88 € 0 0,00 €

Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €

Distribution by industry sectorNumber of

contracts

Percentage of

contracts

Outstanding

discounted balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceAgriculture/ Forestry 426 0,62% 4.493.730,23 € 0,76% 390 4.157.116,06 € 12 112.727,29 € 24 223.886,88 € 357 3.918.840,32 € 69 574.889,91 €

Energy/ Mining 772 1,12% 6.484.833,15 € 1,09% 760 6.360.980,13 € 5 48.576,83 € 7 75.276,19 € 451 3.936.005,39 € 321 2.548.827,76 €

Manufacturing Industry 12.675 18,40% 121.728.340,03 € 20,52% 12.300 117.891.148,58 € 142 1.327.338,20 € 233 2.509.853,25 € 7.995 79.816.910,78 € 4.680 41.911.429,25 €

Chemical Industry 773 1,12% 7.061.253,03 € 1,19% 765 6.986.791,07 € 2 19.620,09 € 6 54.841,87 € 378 3.612.417,45 € 395 3.448.835,58 €

Construction 7.173 10,41% 69.732.598,67 € 11,75% 6.735 65.441.190,82 € 171 1.555.704,19 € 267 2.735.703,66 € 5.889 58.560.790,79 € 1.284 11.171.807,88 €

Retail/ Wholesale 12.297 17,85% 108.185.812,74 € 18,23% 11.680 102.310.236,12 € 285 2.404.020,77 € 332 3.471.555,85 € 8.827 81.110.375,03 € 3.470 27.075.437,71 €

Hotel and Restaurant Industry 1.203 1,75% 10.754.855,52 € 1,81% 1.101 9.773.147,59 € 36 363.404,80 € 66 618.303,13 € 1.072 9.781.081,59 € 131 973.773,93 €

Transportation 1.852 2,69% 16.727.616,65 € 2,82% 1.744 15.611.038,78 € 47 465.820,02 € 61 650.757,85 € 1.346 12.710.829,44 € 506 4.016.787,21 €

Financial Services 2.598 3,77% 21.162.177,55 € 3,57% 2.476 20.061.154,74 € 65 541.594,37 € 57 559.428,44 € 1.808 15.375.629,77 € 790 5.786.547,78 €

Public Administration, Education,

Health Care, Public Serv.12.557 18,22% 83.486.971,68 € 14,07% 12.057 79.250.646,30 € 174 1.564.474,75 € 326 2.671.850,63 € 10.281 69.294.270,87 € 2.276 14.192.700,81 €

Other Services 10.904 15,82% 95.487.749,23 € 16,09% 10.314 89.829.556,36 € 235 2.040.405,23 € 355 3.617.787,64 € 8.277 75.658.220,86 € 2.627 19.829.528,37 €

Information Technology 3.667 5,32% 31.715.878,27 € 5,35% 3.548 30.566.449,81 € 55 567.069,24 € 64 582.359,22 € 2.472 22.163.233,93 € 1.195 9.552.644,34 €

Real Estate 1.872 2,72% 15.432.257,87 € 2,60% 1.736 14.148.056,52 € 61 558.961,15 € 75 725.240,20 € 1.587 13.501.882,77 € 285 1.930.375,10 €

Other 135 0,20% 876.148,72 € 0,15% 126 809.296,34 € 4 36.831,19 € 5 30.021,19 € 100 667.427,01 € 35 208.721,71 €

Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €

(*) Customers who changed their residence after Cut-Off-Date










Index

Pool data V

Distribution by brand & model ModelNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceVW Fox 5 0,01% 6.361,93 € 0,00% 4 4.860 0 0,00 € 1 1.502,27 € 5 6.361,93 € 0 0,00 €

Polo 2.842 4,12% 9.887.920,03 € 1,67% 2.801 9.743.676 15 59.292,27 € 26 84.951,99 € 2.161 7.885.920,71 € 681 2.001.999,32 €

Golf 7.741 11,23% 48.296.463,72 € 8,14% 7.539 46.998.817 96 566.711,76 € 106 730.934,80 € 5.274 34.137.894,45 € 2.467 14.158.569,27 €

Eos 71 0,10% 677.921,49 € 0,11% 66 631.159 2 20.597,99 € 3 26.164,38 € 63 612.764,23 € 8 65.157,26 €

Jetta 60 0,09% 321.445,54 € 0,05% 33 207.923 24 96.748,67 € 3 16.773,47 € 44 229.161,71 € 16 92.283,83 €

New Beetle 391 0,57% 2.847.086,96 € 0,48% 353 2.560.615 7 70.980,06 € 31 215.491,89 € 371 2.719.921,24 € 20 127.165,72 €

Passat 7.530 10,93% 65.068.204,26 € 10,97% 7.325 63.396.090 128 862.218,65 € 77 809.895,31 € 4.214 38.301.120,99 € 3.316 26.767.083,27 €

Scirocco 82 0,12% 591.719,35 € 0,10% 77 547.162 3 24.332,04 € 2 20.224,84 € 77 557.449,94 € 5 34.269,41 €

Touran 2.311 3,35% 18.602.433,17 € 3,14% 2.273 18.293.058 23 196.886,49 € 15 112.488,21 € 1.460 12.076.749,64 € 851 6.525.683,53 €

Tiguan 2.791 4,05% 23.546.113,68 € 3,97% 2.737 23.065.921 13 112.761,63 € 41 367.430,62 € 2.349 20.016.102,89 € 442 3.530.010,79 €

Sharan 1.109 1,61% 11.203.892,92 € 1,89% 1.087 10.980.142 15 134.939,46 € 7 88.811,76 € 751 7.837.494,07 € 358 3.366.398,85 €

Touareg 784 1,14% 13.011.294,16 € 2,19% 706 11.755.502 33 504.931,06 € 45 750.861,33 € 708 11.888.820,65 € 76 1.122.473,51 €

Phaeton 453 0,66% 3.518.825,70 € 0,59% 174 1.073.864 277 2.419.523,84 € 2 25.438,18 € 417 3.365.335,69 € 36 153.490,01 €

up! 2.903 4,21% 7.341.327,79 € 1,24% 2.838 7.135.484 11 29.409,19 € 54 176.434,66 € 2.522 6.448.685,58 € 381 892.642,21 €

Sub-Total VW 29.073 42,19% 204.921.010,70 € 34,54% 28.013 196.394.273,88 € 647 5.099.333,11 € 413 3.427.403,71 € 20.416 146.083.783,72 € 8.657 58.837.226,98 €

VW LCV Caddy 3.843 5,58% 26.500.334,16 € 4,47% 3.676 25.426.133 62 418.755,76 € 105 655.445,58 € 2.826 20.133.100,99 € 1.017 6.367.233,17 €

Transporter 4.765 6,92% 55.412.206,53 € 9,34% 4.450 52.091.979 168 1.697.059,29 € 147 1.623.168,74 € 3.629 43.355.265,49 € 1.136 12.056.941,04 €

Crafter 1.663 2,41% 20.314.376,12 € 3,42% 1.576 19.348.062 45 484.099,40 € 42 482.214,78 € 1.310 16.003.617,03 € 353 4.310.759,09 €

Amarok 337 0,49% 4.054.245,98 € 0,68% 269 3.271.979 15 220.750,62 € 53 561.516,17 € 300 3.654.037,24 € 37 400.208,74 €

LT 0 0,00% 0,00 € 0,00% 0 0 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Sub-Total VW LCV 10.608 15,40% 106.281.162,79 € 17,91% 9.971 100.138.152,45 € 290 2.820.665,07 € 347 3.322.345,27 € 8.065 83.146.020,75 € 2.543 23.135.142,04 €

Audi A1 769 1,12% 3.839.503,24 € 0,65% 706 3.544.101 12 61.858,86 € 51 233.543,13 € 683 3.435.965,28 € 86 403.537,96 €

A2 0 0,00% 0,00 € 0,00% 0 0 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

A3 2.795 4,06% 21.000.905,92 € 3,54% 2.636 19.851.874 36 232.106,60 € 123 916.924,95 € 2.193 16.678.308,27 € 602 4.322.597,65 €

A4 4.762 6,91% 45.979.159,88 € 7,75% 4.591 44.235.295 74 625.562,38 € 97 1.118.302,71 € 2.767 28.444.870,44 € 1.995 17.534.289,44 €

A5 1.536 2,23% 19.405.527,22 € 3,27% 1.442 18.237.925 20 244.659,14 € 74 922.943,17 € 1.220 15.986.845,05 € 316 3.418.682,17 €

A6 5.064 7,35% 69.255.805,58 € 11,67% 4.804 66.012.737 78 969.555,20 € 182 2.273.513,14 € 3.691 52.714.620,01 € 1.373 16.541.185,57 €

A7 390 0,57% 6.320.159,17 € 1,07% 347 5.706.433 8 130.934,71 € 35 482.791,45 € 346 5.562.992,92 € 44 757.166,25 €

A8 170 0,25% 3.807.313,80 € 0,64% 103 2.640.763 11 138.977,33 € 56 1.027.573,65 € 146 3.258.998,86 € 24 548.314,94 €

Q3 1.230 1,79% 11.240.024,06 € 1,89% 1.145 10.452.680 5 58.392,47 € 80 728.951,61 € 1.066 9.782.226,99 € 164 1.457.797,07 €

Q5 2.089 3,03% 30.198.394,62 € 5,09% 1.966 28.686.073 25 332.410,63 € 98 1.179.910,75 € 1.814 26.724.041,85 € 275 3.474.352,77 €

Q7 461 0,67% 7.987.946,25 € 1,35% 392 6.920.116 10 154.758,55 € 59 913.072,19 € 431 7.521.985,96 € 30 465.960,29 €

TT 163 0,24% 1.872.394,24 € 0,32% 144 1.581.516 6 81.376,64 € 13 209.501,52 € 155 1.791.896,98 € 8 80.497,26 €

R8 29 0,04% 1.005.202,00 € 0,17% 15 655.310 5 122.113,72 € 9 227.778,63 € 28 928.652,04 € 1 76.549,96 €

Sub-Total Audi 19.458 28,24% 221.912.335,98 € 37,40% 18.291 208.524.822,85 € 290 3.152.706,23 € 877 10.234.806,90 € 14.540 172.831.404,65 € 4.918 49.080.931,33 €

Seat Ibiza 516 0,75% 1.712.497,27 € 0,29% 490 1.588.381 7 28.931,57 € 19 95.184,57 € 405 1.411.741,39 € 111 300.755,88 €

Altea 102 0,15% 657.120,94 € 0,11% 88 546.205 4 30.593,84 € 10 80.322,45 € 86 561.662,31 € 16 95.458,63 €

Leon 620 0,90% 3.208.231,70 € 0,54% 595 3.031.037 1 9.885,90 € 24 167.309,16 € 554 2.898.111,29 € 66 310.120,41 €

Alhambra 464 0,67% 3.940.561,81 € 0,66% 452 3.827.574 5 43.413,06 € 7 69.575,20 € 362 3.138.816,87 € 102 801.744,94 €

Cordoba 0 0,00% 0,00 € 0,00% 0 0 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Exeo 243 0,35% 1.566.986,52 € 0,26% 221 1.439.470 3 11.235,98 € 19 116.280,52 € 186 1.213.451,99 € 57 353.534,53 €

Mii 543 0,79% 1.160.085,03 € 0,20% 532 1.126.115 1 2.879,43 € 10 31.090,98 € 470 1.010.843,20 € 73 149.241,83 €

Arosa 0 0,00% 0,00 € 0,00% 0 0 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Toledo 6 0,01% 37.876,38 € 0,01% 4 25.497 0 0,00 € 2 12.378,93 € 6 37.876,38 € 0 0,00 €

Sub-Total Seat 2.494 3,62% 12.283.359,65 € 2,07% 2.382 11.584.278 21 126.940 91 572.142 2.069 10.272.503,43 € 425 2.010.856,22 €

Skoda Fabia 645 0,94% 2.536.924,30 € 0,43% 625 2.468.343 3 13.717,50 € 17 54.863,44 € 532 2.115.922,68 € 113 421.001,62 €

Octavia 3.661 5,31% 25.477.276,91 € 4,29% 3.593 24.941.713 11 84.892,67 € 57 450.671,00 € 2.803 19.652.380,27 € 858 5.824.896,64 €

Roomster 391 0,57% 1.731.548,47 € 0,29% 379 1.677.042 1 4.463,72 € 11 50.042,29 € 325 1.433.900,22 € 66 297.648,25 €

Superb 1.521 2,21% 12.748.934,21 € 2,15% 1.491 12.511.357 4 25.468,80 € 26 212.107,93 € 1.185 10.038.283,43 € 336 2.710.650,78 €

Yeti 419 0,61% 2.743.517,41 € 0,46% 407 2.679.140 0 0,00 € 12 64.377,02 € 371 2.422.200,42 € 48 321.316,99 €

Citygo 484 0,70% 1.145.653,88 € 0,19% 461 1.081.221 2 5.784,72 € 21 58.648,58 € 437 1.046.977,53 € 47 98.676,35 €

Rapid 40 0,06% 214.038,42 € 0,04% 38 203.694 1 5.659,98 € 1 4.684,70 € 28 153.069,18 € 12 60.969,24 €

Sub-Total Skoda 7.161 10,39% 46.597.893,60 € 7,85% 6.994 45.562.511,25 € 22 139.987,39 € 145 895.394,96 € 5.681 36.862.733,73 € 1.480 9.735.159,87 €

Other brands 110 0,16% 1.334.460,62 € 0,22% 81 992.770,73 € 24 266.916,54 € 5 74.773,35 € 69 911.469,72 € 41 422.990,90 €

Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €0 0,00 € 0 0,00 €






Index

Pool data VI

Contract typeNumber of

contracts

Percentage of

contracts


balance

Percentage of

outstanding

discounted balance

Number of contractsOutstanding discounted

balance

Number of

contracts


balance

Number of

contracts

Outstanding

discounted balance

Number of

contracts

Outstanding

discounted balance

Number of

contracts

Outstanding

discounted balance

Closed end contract 67.928 98,58% 585.366.986,85 € 98,66% 64.988 557.222.267,70 € 1.172 10.490.720,79 € 1.768 17.653.998,36 € 49.903 442.441.574,54 € 18.025 142.925.412,31 €

Open end lease contract 976 1,42% 7.963.236,49 € 1,34% 744 5.974.541,52 € 122 1.115.827,33 € 110 872.867,64 € 937 7.666.341,46 € 39 296.895,03 €

Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €

Type of carNumber of

contracts

Percentage of

contracts


balance

Percentage of

outstanding

discounted balance

Number of contractsOutstanding discounted

balance

Number of

contracts


balance

New vehicles 65.732 95,40% 563.196.809,22 € 94,92% 47.849 421.444.130,40 € 17.883 141.752.678,82 €

Used vehicles 1.294 1,88% 11.606.548,12 € 1,96% 1.182 10.761.633,85 € 112 844.914,27 €

Demonstration vehicles 1.878 2,73% 18.526.866,00 € 3,12% 1.809 17.902.151,75 € 69 624.714,25 €

Total 68.904 100,00% 593.330.223,34 € 100,00% 50.840 450.107.916,00 € 18.064 143.222.307,34 €

Customer typeNumber of

contracts

Percentage of

contracts


balance

Percentage of

outstanding

discounted balanceRetail 50.840 73,78% 450.107.916,00 € 75,86%

Corporate 18.064 26,22% 143.222.307,34 € 24,14%

Total 68.904 100,00% 593.330.223,34 € 100,00%


New vehicle Used vehicle Demonstration vehicles Retail Corporate

Total portfolioCustomer type

Retail Corporate

Total portfolio




Index

Lease level data

No.Month / Year of

originationMonth / Year of default


balance at pool cut


balance of loan at default

date


balanceRebate Month / Year of loss

Recovery from sale of

assetUnsecured recovery Total recovery Loss amount

Loss percentage on

original balance

Loss percentage current

balance

Geographical location of

borrower

Object type (new / used /

demonstration vehicle)Brand Contract type (lease) Distribution channel Customer type 02.2014 03.2014 04.2014 05.2014 06.2014 07.2014

1 27.05.2013 02.2014 18.301,59 € 9.360,00 € 0,00 € 834,45 € 05.2014 5.095,87 € 0,00 € 5.095,87 € 3.429,68 € 18,7% 0,0% Lower Saxony New VWN Lease Dealer Non Private 0,00 € 4.615,87 € 0,00 € 480,00 € 0,00 € 0,00 €

2 28.10.2013 02.2014 48.277,31 € 21.514,00 € 0,00 € 1.458,53 € 07.2014 16.667,11 € 694,00 € 17.361,11 € 2.694,36 € 5,6% 0,0% Rhineland-Palatinate Demonstration Audi Lease Dealer Non Private 0,00 € 694,00 € 0,00 € 15.279,11 € 0,00 € 1.388,00 €

Total - 0 66.578,90 € 30.874,00 € 0,00 € 2.292,98 € 0 21.762,98 € 694,00 € 22.456,98 € 6.124,04 € 9,2% 0,0% - - - - - - 0,00 € 5.309,87 € 0,00 € 15.759,11 € 0,00 € 1.388,00 €


Documents

VCL 19 - True Sale International