VCL 20 - True Sale International

Publication date: 16.12.2014

Period: 11.2014 / Period no. 2

Index

Deal name: VCL 20

Issuer: VCL Multi-Compartment S.A.

acting on behalf of its Compartment VCL 20

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: 30.11.2014 / Period no. 2

Index

Reporting details

Deal overview

Cut-Off-Date 30.09.2014 Publication date:

Scheduled date of Clean-Up-

Call05.2017 Payment date:

Legal final maturity date 06.2020 Reporting date:

Issue date 27.10.2014 Asset collection period:

Period no.: 2 Interest accrual period:

Reporting frequency: monthly Note payment period:

Next payment date: 21.01.2015 Days accrued:

Type of car at pool cutNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage outstanding

discounted balance

New cars 102.048 95,69% 1.020.683.852,78 € 95,33%

Used cars 2.077 1,95% 21.825.797,35 € 2,04%

Demonstration cars 2.518 2,36% 28.154.697,60 € 2,63%

Total 106.643 100,00% 1.070.664.347,73 € 100,00%

Type of product at pool cutNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage outstanding

discounted balance

Closed end contract 105.255 98,70% 1.057.698.683,99 € 98,79%

Open end lease contract 1.388 1,30% 12.965.663,74 € 1,21%

Total 106.643 100,00% 1.070.664.347,73 100,00%

31

16.12.2014 (16th of each month)

30.11.2014 (last day of each month)

from 01.11.2014 until 30.11.2014

from 21.11.2014 until 22.12.2014

from 21.11.2014 until 22.12.2014

22.12.2014 (21st of each month)




Index

Parties overview

Lead manger: BNP Paribas London Branch Wilmington Trust SP

Attn.: Nadia Bouzidi Services (Frankfurt) GmbH

10 Harewood Avenue Steinweg 3-5

London NW1 6AA 60313 Frankfurt am Main

United Kingdom Germany

Fax +49 69 9288 495 20

Tel.: +44 2075956722 Tel.: +49 069 9288 495 22

E-mail: [email protected] Email: [email protected]

DZ BANK AG

Attn.: Eva-Maria Kramer

Platz der Republik

60625 Frankfurt am Main

Germany

Tel.: +49 69 7447 2267

Fax: +49 69 7447 3716

E-mail: [email protected]

Paying agent/ Elavon Financial Services Limited, U.K. Branch Data protection Volkswagen Bank GmbH

Calculation agent/ 5th Floor, 125 Old Broad Street trustee: Gifhorner Straße 57

Interest determination agent: London EC2N 1AR 38112 Braunschweig

United Kingdom Germany

Fax: +49 531 212 7 23 67

Attn.: Structured Finance Relationship Management Tel.: +49 531 212 85257

Tel.: +44 207 330 2114 Email: [email protected]

Fax: +44 207 365 2577

E-Mail: [email protected]

Account bank: Elavon Financial Services Limited, U.K. Branch Clearing systems: Clearstream Banking S.A.

5th Floor, 125 Old Broad Street Luxembourg, 42 Avenue JF Kennedy

London EC2N 1AR L-1885 Luxembourg

United Kingdom Luxembourg


Attn.: Structured Finance Relationship Management

Tel.: +44 207 330 2114 Euroclear Bank S.A./N.V.

Fax: +44 207 365 2577 1 Boulevard du Roi Albert II

E-Mail: [email protected] 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]


Standard & Poor’s

Attn.: Structured Finance

Surveillance Department

20 Canada Square

Canary Wharf

London E14 5LH

United Kingdom

Fax: +44 (20) 7176-3598


DBRS Ratings Limited

Attn: Alexander Garrod

1 Minster Court

10th Floor Mincing Lane

London, EC3R 7AA

United Kingdom

Fax: +44 203 137 5129


Security trustee/

Process agent:



Period: 11.YYY / Period no. 2

Index

Transaction events I

Clean-Up-Call

92,72%

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 Mai 2017.

Volkswagen Leasing GmbH will have the right at its option to exercise a Clean-Up-Call and to repurchase the lease receivables from VCL 20 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 period0 0,00 €

Write-Offs contracts incl.

current period0 0,00 €

0,00 €

1.070.664.347,73 €

0,00000%

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. 01.2016

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

date between 02.2016 and incl. 10.2016

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

%

0,00%

0,25%

0,50%

0,75%

1,00%

1,25%

1,50%

1,75%

2,00%

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

11

.20

18

01

.20

19

03

.20

19

05

.20

19

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:

US Bank (Elavon Financial Services) Long term Short term Outlook Long term Short term Outlook Long term Short term OutlookCurrent rating* A+ A-1 Stable n.a. 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 A R-1 A F1

U.S. Bank Global Corporate Trust Services Required rating: FulfilledSwap counterparty

Scotiabank Long term Short term Outlook Long term Short term Outlook Long term Short term OutlookCurrent rating* A+ A-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 03/11/2014

Fitch

Fitch

S&P DBRS

S&P DBRS




Index

Information regarding the notes I

Rating at issue date Class A Class B

S&P AAA(sf) A+(sf)

Fitch AAA(sf) A+(sf)

DBRS AAA(sf) A high(sf)

Current rating Class A Class B

S&P AAA(sf) A+(sf)

Fitch AAA(sf) A+(sf)

DBRS AAA(sf) A high(sf)

Information on notes Class A Class B

Legal final maturity date Jun 2020 Jun 2020

Scheduled Clean-Up-Call Mai 2017 Mai 2017

ISIN: XS1106979617 XS1106980979

Common code: 110697961 110698097

Nominal amount 100.000,00 € 100.000,00 €

Information on interest Class A Class B

Spread/ Margin 27 bps 65 bps

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

Fixed/Floating floating floating

Current coupon 0,279% 0,659%

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 230.909,10 € 18.215,86 €

Paid interest 230.909,10 € 18.215,86 €

Unpaid interest Class A Class B

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

Cumulative unpaid interest 240.000,00 € 18.546,67 €

Note balance Class A Class B

Note balance as of cut of date 1.000.000.000,00 € 32.100.000,00 €

Note balance as of the beginning of the period 961.120.100,00 € 32.100.000,00 €

Redemption amount per class -39.169.100,00 € 0,00 €

Class balance as of the end of the period 921.951.000,00 € 32.100.000,00 €

Payments to investors per note Class A Class B

Interest 23,09 € 56,75 €

Principal repayment by note 3.916,91 € 0,00 €

Number of notes 10.000 321

Note factor 0,921951 1,000000

Overcollateralisation Class A Class B

Initial OC percentage at poolcut 6,6000% 3,6019%

Current OC percentage 7,1322% 3,8987%

Target OC percentage 12,2500% 7,5000%

Subordinated loan - -2

Balance as of the beginning of the period 25.381.012,07 €

Redemption -427.713,59 €

Capitalization of interest 0,00 €

Balance as of the end of the period 24.953.298,48 €

0,009%

actual/360

11.2014

22.12.2014

21.11.2014 until 22.12.2014

31

1-Month-Euribor




Index

Credit enhancement

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

discounted balanceValue

Class B note* 3,00% 32.100.000,00 €

Subordinated loan 2,41% 25.764.347,73 €

Overcollateralization 1,20% 12.800.000,00 €

Cash collateral account 1,20% 12.800.000,00 €

Cash collateral account (CCA) in EURin Percentage of outstanding

discounted balance as of

Initial balance at poolcut 12.800.000,00 € 1,196%

Thereof general cash reserve 12.800.000,00 € 1,196%

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

Targeted balance (Floor)



Balance as of the beginning of the period 12.382.508,69 € 1,157%

Payment from CCA 469.436,45 € -

Payment to CCA 0,00 € -

Balance as of the end of the period 11.913.072,24 € 1,113%



Accrued interest 28,89 € -

Calculation of credit enhancement

Set off risk

There is no set off risk applicable.

Initially, VCL 20'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 1.000.000.000,00 € 32.100.000,00 €

Underlying principal for reporting period 961.120.100,00 € 32.100.000,00 €

Paying leg Fix interest rate Fix interest rate

Receiving leg Floating interest rate Floating interest rate

Net swap payments / Net swap receipts -6.647,74 € -293,36 €

Available distribution amount calculation Payment to waterfall position Remaining amount

Available collections amount 44.001.798,06 € 44.001.798,06 €

Buffer release amount -3.730.187,88 € 40.271.610,18 €

Net swap receipt class A 6.647,74 € 40.278.257,92 €

Net swap receipt class B 293,36 € 40.278.551,28 €

Purchase price amount 0,00 € 40.278.551,28 €

Accumulation account interest 0,00 € 40.278.551,28 €

Remaining rounding amount (Previous period) 1,31 € 40.278.552,59 €

Waterfall Payment to waterfall position Remaining amount

Available distribution amount - 40.278.552,59 €

1) Taxes -65,62 € 40.278.486,97 €

2) Payment to security trustee 0,00 € 40.278.486,97 €

3) Servicing fee -859.896,44 € 39.418.590,53 €

4) Payment in respect of fees -284,37 € 39.418.306,16 €

5.i) Net swap payment class A 0,00 € 39.418.306,16 €

5.ii) Net swap payment class B 0,00 € 39.418.306,16 €

6) Interest payment class A -230.909,10 € 39.187.397,06 €

7) Interest payment class B -18.215,86 € 39.169.181,20 €

8) Payment to cash collateral account 0,00 € 39.169.181,20 €

9) Payment to CCA due to german trade tax increase event 0,00 € 39.169.181,20 €

10) Redemption class A -39.169.100,00 € 81,20 €

11) Redemption class B 0,00 € 81,20 €

Remaining rounding amount (Current period) -81,20 € 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 469.436,45 € 469.436,45 €

Interest subordinated loan -41.722,86 € 427.713,59 €

Redemption subordinated loan -427.713,59 € 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 106.643 92,35% 1.152.227.881,25 € 92,50%

Retention of VW Leasing 8.828 7,65% 93.433.143,99 € 7,50%

Total 115.471 100,00% 1.245.661.025,24 € 100,00%

Retention amounts - -2

Minimum retention 60.643.572,70 € 5,00%

Actual retention 93.433.143,99 € 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 106.129 92,36% 1.064.155.219,58 € 92,51%

Retention of VW Leasing 8.785 7,64% 86.119.872,29 € 7,49%

Total 114.914 100,00% 1.150.275.091,87 € 100,00%

Retention amounts - -2

Minimum retention 56.008.169,45 € 5,00%

Actual retention 86.119.872,29 € 7,49%

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: 1,17 yrs Currently: 1,20 yrs At closing: 1,70 yrs Currently: 1,66 yrs

Reporting period Actual note balanceForecasted note

balanceActual note balance2

Forecasted note

balance2

Poolcut 1.000.000.000,00 € - 32.100.000,00 € -

10.2014 961.120.100,00 € - 32.100.000,00 € -

11.2014 921.951.000,00 € - 32.100.000,00 € -

12.2014 - 883.291.275,22 € - 32.100.000,00 €

01.2015 - 844.588.423,14 € - 32.100.000,00 €

02.2015 - 806.146.833,09 € - 32.100.000,00 €

03.2015 - 768.003.081,15 € - 32.100.000,00 €

04.2015 - 730.198.681,91 € - 32.100.000,00 €

05.2015 - 692.832.045,44 € - 32.100.000,00 €

06.2015 - 655.914.304,26 € - 32.100.000,00 €

07.2015 - 619.418.259,43 € - 32.100.000,00 €

08.2015 - 583.371.571,14 € - 32.100.000,00 €

09.2015 - 547.681.725,33 € - 32.100.000,00 €

10.2015 - 512.456.357,77 € - 32.100.000,00 €

11.2015 - 481.512.656,96 € - 28.325.036,43 €

12.2015 - 451.573.995,79 € - 24.444.176,41 €

01.2016 - 422.143.565,90 € - 22.851.076,22 €

02.2016 - 393.245.506,76 € - 21.286.793,81 €

03.2016 - 364.903.759,12 € - 19.752.625,14 €

04.2016 - 337.251.062,41 € - 18.255.755,52 €

05.2016 - 310.409.110,99 € - 16.802.772,39 €

06.2016 - 284.422.751,29 € - 15.396.103,35 €

07.2016 - 259.254.103,10 € - 14.033.697,89 €

08.2016 - 234.936.028,86 € - 12.717.334,90 €

09.2016 - 211.334.963,66 € - 11.439.784,36 €

10.2016 - 188.550.442,14 € - 10.206.434,19 €

11.2016 - 166.778.077,49 € - 9.027.873,14 €

12.2016 - 146.239.487,88 € - 7.916.097,63 €

01.2017 - 127.052.110,74 € - 6.877.464,68 €

02.2017 - 109.849.469,48 € - 5.946.267,58 €

03.2017 - 94.199.989,21 € - 5.099.144,72 €

04.2017 - 78.306.021,19 € - 5.099.144,72 €

05.2017 - 0,00 € - 0,00 €

06.2017 - 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

200.000.000

400.000.000

600.000.000

800.000.000

1.000.000.000

1.200.000.000

Reporting period


Amortisation profile class A-Notes

Datenreihen1 Datenreihen2

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



Period: 11.2014 / Period no. 2Index

Run out schedule I

Payment period Principal Interest Instalment

arrears 189.216,95 € 24.812,69 € 214.029,64 €

12.2014 37.527.357,08 € 4.716.031,08 € 42.243.388,16 €

01.2015 37.547.660,80 € 4.537.725,17 € 42.085.385,97 €

02.2015 37.514.322,32 € 4.359.323,35 € 41.873.645,67 €

03.2015 37.389.181,16 € 4.181.078,36 € 41.570.259,52 €

04.2015 37.240.532,22 € 4.003.430,68 € 41.243.962,90 €

05.2015 37.111.984,05 € 3.826.488,66 € 40.938.472,71 €

06.2015 36.957.367,97 € 3.650.154,94 € 40.607.522,91 €

07.2015 36.865.885,69 € 3.474.557,52 € 40.340.443,21 €

08.2015 36.687.807,27 € 3.299.395,81 € 39.987.203,08 €

09.2015 36.449.312,96 € 3.125.077,74 € 39.574.390,70 €

10.2015 36.118.456,73 € 2.951.893,12 € 39.070.349,85 €

11.2015 35.781.406,26 € 2.780.283,16 € 38.561.689,42 €

12.2015 35.406.760,71 € 2.610.275,54 € 38.017.036,25 €

01.2016 34.989.378,13 € 2.442.043,68 € 37.431.421,81 €

02.2016 34.393.305,86 € 2.275.798,32 € 36.669.104,18 €

03.2016 33.624.613,49 € 2.112.384,66 € 35.736.998,15 €

04.2016 32.784.040,21 € 1.952.625,46 € 34.736.665,67 €

05.2016 31.983.096,14 € 1.796.852,62 € 33.779.948,76 €

06.2016 31.124.131,50 € 1.644.889,38 € 32.769.020,88 €

07.2016 30.432.204,52 € 1.497.007,40 € 31.929.211,92 €

08.2016 29.594.362,49 € 1.352.414,00 € 30.946.776,49 €

09.2016 28.478.021,44 € 1.211.800,45 € 29.689.821,89 €

10.2016 27.046.242,60 € 1.076.491,29 € 28.122.733,89 €

11.2016 25.430.763,33 € 947.985,55 € 26.378.748,88 €

12.2016 22.921.210,20 € 827.156,21 € 23.748.366,41 €

01.2017 20.974.916,95 € 718.248,84 € 21.693.165,79 €

02.2017 18.791.172,62 € 618.588,77 € 19.409.761,39 €

03.2017 16.542.117,10 € 529.306,04 € 17.071.423,14 €

04.2017 13.652.688,46 € 450.707,43 € 14.103.395,89 €

05.2017 10.847.013,34 € 385.839,41 € 11.232.852,75 €

06.2017 8.094.834,93 € 334.301,76 € 8.429.136,69 €

07.2017 7.847.804,99 € 295.840,06 € 8.143.645,05 €

08.2017 7.555.600,39 € 258.553,20 € 7.814.153,59 €

09.2017 7.158.488,84 € 222.653,30 € 7.381.142,14 €

10.2017 6.648.573,47 € 188.641,30 € 6.837.214,77 €

11.2017 6.134.548,49 € 157.051,95 € 6.291.600,44 €

12.2017 5.362.186,56 € 127.903,95 € 5.490.090,51 €

01.2018 4.765.888,48 € 102.426,34 € 4.868.314,82 €

02.2018 4.085.493,39 € 79.782,69 € 4.165.276,08 €

03.2018 3.441.531,91 € 60.371,07 € 3.501.902,98 €

04.2018 2.524.823,51 € 44.018,96 € 2.568.842,47 €

05.2018 1.633.354,41 € 32.022,49 € 1.665.376,90 €

06.2018 738.731,60 € 24.262,05 € 762.993,65 €

07.2018 696.873,66 € 20.751,99 € 717.625,65 €

08.2018 652.922,72 € 17.440,91 € 670.363,63 €

09.2018 606.106,98 € 14.338,86 € 620.445,84 €

10.2018 550.073,34 € 11.458,98 € 561.532,32 €

11.2018 481.823,53 € 8.845,42 € 490.668,95 €

12.2018 378.721,65 € 6.556,09 € 385.277,74 €

01.2019 324.764,38 € 4.756,56 € 329.520,94 €

02.2019 258.425,64 € 3.213,46 € 261.639,10 €

03.2019 205.543,77 € 1.985,68 € 207.529,45 €

04.2019 139.516,80 € 1.008,97 € 140.525,77 €

05.2019 72.855,99 € 346,23 € 73.202,22 €

06.2019 0,00 € 0,00 € 0,00 €

Total 992.756.019,98 € 71.399.199,60 € 1.064.155.219,58 €




Index

Run out schedule II

0

200.000.000

400.000.000

600.000.000

800.000.000

1.000.000.000

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

11

.20

18

01

.20

19

03

.20

19

05

.20

19Reporting

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 - 42.269.428,63 €

therof capital - 37.387.375,53 €

therof interest - 4.882.053,10 €

Paid instalments of previous periods - 82.482,06 €

Early settlements - 1.649.887,37 €

Total - 44.001.798,06 €

Collections by statusNumber of

contractsCollections

Current 105.599 42.148.714,52 €

Delinquent 486 38.809,79 €

Default 44 6.354,00 €

End of Term 135 101.290,96 €

Early Settlement 379 1.706.628,79 €

Write-Off * 0 0,00 €

Total 106.643 44.001.798,06 €

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 106.643 1.070.664.347,73 € 102.048 1.020.683.852,78 € 2.077 21.825.797,35 € 2.518 28.154.697,60 € 78.964 814.827.322,74 € 27.679 255.837.024,99 €

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 106.643 1.070.664.347,73 € 102.048 1.020.683.852,78 € 2.077 21.825.797,35 € 2.518 28.154.697,60 € 78.964 814.827.322,74 € 27.679 255.837.024,99 €

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 105.599 987.854.566,42 € 101.093 942.360.641,00 € 2.036 19.832.045,86 € 2.470 25.661.879,56 € 78.168 752.877.775,25 € 27.431 234.976.791,17 €

Delinquent 486 4.505.604,93 € 446 4.026.105,46 € 17 180.232,69 € 23 299.266,78 € 313 2.806.980,87 € 173 1.698.624,06 €

Default 44 395.848,63 € 40 338.091,13 € 2 24.829,26 € 2 32.928,24 € 37 343.922,17 € 7 51.926,46 €

End of Term 135 0,00 € 131 0,00 € 3 0,00 € 1 0,00 € 58 0,00 € 77 0,00 €


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

Total 106.643 992.756.019,98 € 102.048 946.724.837,59 € 2.077 20.037.107,81 € 2.518 25.994.074,58 € 78.787 756.028.678,29 € 27.856 236.727.341,69 €

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 105.432 986.485.451,11 € 351 3.221.046,29 € 16 159.487,68 € 134 0,00 € 205 0,00 € 0 0,00 €

Delinquent 167 1.369.115,31 € 135 1.284.558,64 € 4 47.795,64 € 1 0,00 € 1 0,00 € 0 0,00 €

Default 0 0,00 € 0 0,00 € 24 188.565,31 € 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 €


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

Total 105.599 987.854.566,42 € 486 4.505.604,93 € 44 395.848,63 € 135 0,00 € 379 0,00 € 0 0,00 €

* Prior to write-off during reporting month.

Total portfolio as of pool cut dateType of car Customer type

New vehicle Used vehicle Demonstration vehicle Retail Corporate

Total portfolio as of current reporting periodType of car Customer type


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

Current Delinquent Default End of term Early settlement Write-Off




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 <= 60 400 0,38% 3.649.263,54 € 0,37% 371 3.324.515,29 € 11 104.162,91 € 18 220.585,34 € 242 2.101.194,78 € 158 1.548.068,76 €

> 60 <= 90 86 0,08% 856.341,39 € 0,09% 75 701.590,17 € 6 76.069,78 € 5 78.681,44 € 71 705.786,09 € 15 150.555,30 €

> 90 <= 120 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 120 <= 150 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 150 <= 180 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 180 <= 210 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 210 <=240 0 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 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 486 0,46% 4.505.604,93 € 0,45% 446 4.026.105,46 € 17 180.232,69 € 23 299.266,78 € 313 2.806.980,87 € 173 1.698.624,06 €

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 12 0,01% 107.318,64 € 0,01% 110.537,25 € 10 82.489,38 € 2 24.829,26 € 0 0,00 € 6 59.169,87 € 6 48.148,77 €

> 30 <= 60 22 0,02% 200.635,87 € 0,02% 200.635,87 € 21 191.827,81 € 0 0,00 € 1 8.808,06 € 22 200.635,87 € 0 0,00 €

> 60 <= 90 10 0,01% 87.894,12 € 0,01% 88.954,82 € 9 63.773,94 € 0 0,00 € 1 24.120,18 € 9 84.116,43 € 1 3.777,69 €

> 90 <= 120 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 120 <= 150 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 150 <= 180 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 180 <= 210 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

> 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 44 0,04% 395.848,63 € 0,04% 400.127,94 € 40 338.091,13 € 2 24.829,26 € 2 32.928,24 € 37 343.922,17 € 7 51.926,46 €

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 12 0,01% 107.318,64 € 0,01% 10 82.489,38 € 2 24.829,26 € 0 0,00 € 6 59.169,87 € 6 48.148,77 €> 30 <= 60 422 0,40% 3.849.899,41 € 0,39% 392 3.516.343,10 € 11 104.162,91 € 19 229.393,40 € 264 2.301.830,65 € 158 1.548.068,76 €> 60 <= 90 96 0,09% 944.235,51 € 0,10% 84 765.364,11 € 6 76.069,78 € 6 102.801,62 € 80 789.902,52 € 16 154.332,99 €> 90 <= 120 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €> 120 <= 150 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €> 150 <= 180 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €> 180 <= 210 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €> 210 <=240 0 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 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 530 0,50% 4.901.453,56 € 0,49% 486 4.364.196,59 € 19 205.061,95 € 25 332.195,02 € 350 3.150.903,04 € 180 1.750.550,52 €

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

30.11.2014 0 0,00 €

0,00 €

1.070.664.347,73 €

0,00000%

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

31.10.2014 0 0,00 € 0 0,00 €

30.11.2014 0 0,00 € 0 0,00 €

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 - - - -

30.06.2017 - - - -

31.07.2017 - - - -

31.08.2017 - - - -

30.09.2017 - - - -

31.10.2017 - - - -

30.11.2017 - - - -

31.12.2017 - - - -

31.01.2018 - - - -

Total 0 0,00 €

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 - - - -

31.10.2014 1.434.308,00 € 1.070.664.347,73 € 0,134% 1,596%

30.11.2014 1.649.887,37 € 1.031.875.723,87 € 0,160% 1,902%

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 - - - -

30.06.2017 - - - -

31.07.2017 - - - -

31.08.2017 - - - -

30.09.2017 - - - -

31.10.2017 - - - -

30.11.2017 - - - -

31.12.2017 - - - -

31.01.2018 - - - -

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 99.834 94,07% 940.150.274,63 € 94,70% 95.414 895.362.989,24 € 2.000 19.557.359,32 € 2.420 25.229.926,07 € 76.400 737.219.435,66 € 23.434 202.930.838,97 €

Others 6.295 5,93% 52.605.745,35 € 5,30% 6.165 51.361.848,35 € 55 479.748,49 € 75 764.148,51 € 2.118,00 € 18.809.242,63 € 4.177,00 € 33.796.502,72 €

Total 106.129 100,00% 992.756.019,98 € 100,00% 101.579 946.724.837,59 € 2.055 20.037.107,81 € 2.495 25.994.074,58 € 78.518 756.028.678,29 € 27.611 236.727.341,69 €

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 45.571 42,94% 458.908.314,67 € 46,23% 42.019 422.461.895,65 € 1.586 15.633.320,48 € 1.966 20.813.098,54 € 44.770 451.421.410,24 € 801 7.486.904,43 €

2 - 10 42.491 40,04% 390.326.678,52 € 39,32% 41.629 381.782.809,64 € 379 3.752.000,74 € 483 4.791.868,14 € 32.355 296.427.890,87 € 10.136 93.898.787,65 €

11 - 20 9.062 8,54% 77.351.514,01 € 7,79% 8.986 76.698.681,28 € 42 376.876,52 € 34 275.956,21 € 1.254 7.801.915,21 € 7.808 69.549.598,80 €

21 - 50 8.195 7,72% 63.357.775,03 € 6,38% 8.137 62.983.179,81 € 46 261.443,53 € 12 113.151,69 € 139 377.461,97 € 8.056 62.980.313,06 €

> 50 810 0,76% 2.811.737,75 € 0,28% 808 2.798.271,21 € 2 13.466,54 € 0 0,00 € 0 0,00 € 810 2.811.737,75 €

Total 106.129 100,00% 992.756.019,98 € 100,00% 101.579 946.724.837,59 € 2.055 20.037.107,81 € 2.495 25.994.074,58 € 78.518 756.028.678,29 € 27.611 236.727.341,69 €

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 84 0,08% 311.891,46 € 0,03% 84 311.891,46 € 0 0,00 € 0 0,00 € 0 0,00 € 84 311.891,46 €

2 19 0,02% 310.012,88 € 0,03% 19 310.012,88 € 0 0,00 € 0 0,00 € 0 0,00 € 19 310.012,88 €

3 17 0,02% 309.391,89 € 0,03% 17 309.391,89 € 0 0,00 € 0 0,00 € 0 0,00 € 17 309.391,89 €

4 21 0,02% 304.308,27 € 0,03% 21 304.308,27 € 0 0,00 € 0 0,00 € 0 0,00 € 21 304.308,27 €

5 32 0,03% 298.869,95 € 0,03% 32 298.869,95 € 0 0,00 € 0 0,00 € 0 0,00 € 32 298.869,95 €

6 34 0,03% 295.635,05 € 0,03% 34 295.635,05 € 0 0,00 € 0 0,00 € 0 0,00 € 34 295.635,05 €

7 33 0,03% 289.090,73 € 0,03% 33 289.090,73 € 0 0,00 € 0 0,00 € 0 0,00 € 33 289.090,73 €

8 35 0,03% 286.465,71 € 0,03% 35 286.465,71 € 0 0,00 € 0 0,00 € 0 0,00 € 35 286.465,71 €

9 34 0,03% 281.792,79 € 0,03% 34 281.792,79 € 0 0,00 € 0 0,00 € 0 0,00 € 34 281.792,79 €

10 103 0,10% 279.260,36 € 0,03% 103 279.260,36 € 0 0,00 € 0 0,00 € 0 0,00 € 103 279.260,36 €

11 40 0,04% 278.528,19 € 0,03% 40 278.528,19 € 0 0,00 € 0 0,00 € 0 0,00 € 40 278.528,19 €

12 29 0,03% 278.404,73 € 0,03% 29 278.404,73 € 0 0,00 € 0 0,00 € 0 0,00 € 29 278.404,73 €

13 35 0,03% 276.842,12 € 0,03% 35 276.842,12 € 0 0,00 € 0 0,00 € 0 0,00 € 35 276.842,12 €

14 110 0,10% 272.451,71 € 0,03% 110 272.451,71 € 0 0,00 € 0 0,00 € 0 0,00 € 110 272.451,71 €

15 43 0,04% 272.355,13 € 0,03% 43 272.355,13 € 0 0,00 € 0 0,00 € 0 0,00 € 43 272.355,13 €

16 29 0,03% 267.175,81 € 0,03% 29 267.175,81 € 0 0,00 € 0 0,00 € 0 0,00 € 29 267.175,81 €

17 31 0,03% 261.854,81 € 0,03% 31 261.854,81 € 0 0,00 € 0 0,00 € 0 0,00 € 31 261.854,81 €

18 21 0,02% 260.525,06 € 0,03% 21 260.525,06 € 0 0,00 € 0 0,00 € 0 0,00 € 21 260.525,06 €

19 14 0,01% 259.980,98 € 0,03% 14 259.980,98 € 0 0,00 € 0 0,00 € 0 0,00 € 14 259.980,98 €

20 22 0,02% 259.497,24 € 0,03% 22 259.497,24 € 0 0,00 € 0 0,00 € 0 0,00 € 22 259.497,24 €

Total 1 - 20 786 0,74% 5.654.334,87 € 0,57% 786 5.654.334,87 € 0 0,00 € 0 0,00 € 78.518 756.028.678,29 € 27.611 236.727.341,69 €

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 23.034 21,70% 72.064.753,80 € 7,26% 22.111 68.990.953,77 € 427 1.380.828,24 € 496 1.692.971,79 € 16.996 54.076.955,19 € 6.038 17.987.798,61 €

5.000,01 - 10.000,00 43.221 40,72% 327.119.119,50 € 32,95% 41.532 314.427.233,50 € 779 5.839.357,86 € 910 6.852.528,14 € 30.747 232.123.474,47 € 12.474 94.995.645,03 €

10.000,01 - 15.000,00 26.329 24,81% 317.010.880,24 € 31,93% 25.181 303.071.242,87 € 542 6.557.690,27 € 606 7.381.947,10 € 19.325 233.318.884,55 € 7.004 83.691.995,69 €

15.000,01 - 20.000,00 8.330 7,85% 141.993.838,34 € 14,30% 7.874 134.188.820,86 € 174 2.975.025,99 € 282 4.829.991,49 € 6.783 115.946.373,33 € 1.547 26.047.465,01 €

20.000,01 - 25.000,00 3.198 3,01% 70.580.953,27 € 7,11% 2.991 66.008.029,57 € 88 1.940.014,66 € 119 2.632.909,04 € 2.836 62.618.927,75 € 362 7.962.025,52 €

25.000,01 - 30.000,00 1.179 1,11% 31.943.538,61 € 3,22% 1.099 29.763.478,68 € 30 816.153,67 € 50 1.363.906,26 € 1.087 29.423.205,75 € 92 2.520.332,86 €

> 30.000,00 838 0,79% 32.042.936,22 € 3,23% 791 30.275.078,34 € 15 528.037,12 € 32 1.239.820,76 € 744 28.520.857,25 € 94 3.522.078,97 €

Total 106.129 100,00% 992.756.019,98 € 100,00% 101.579 946.724.837,59 € 2.055 20.037.107,81 € 2.495 25.994.074,58 € 78.518 756.028.678,29 € 27.611 236.727.341,69 €

149,20 €

92.730,39 €

9.354,24 €

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 21.219 19,99% 63.253.105,94 € 6,37% 20.384 60.605.921,73 € 397 1.235.280,87 € 438 1.411.903,34 € 15.620 47.407.167,31 € 5.599 15.845.938,63 €

5.000,01 - 10.000,00 39.403 37,13% 281.551.224,49 € 28,36% 37.852 270.613.979,78 € 716 5.087.706,54 € 835 5.849.538,17 € 28.059 199.580.975,56 € 11.344 81.970.248,93 €

10.000,01 - 15.000,00 28.583 26,93% 322.718.943,23 € 32,51% 27.363 308.818.234,27 € 563 6.417.078,55 € 657 7.483.630,41 € 20.794 235.164.188,62 € 7.789 87.554.754,61 €

15.000,01 - 20.000,00 10.129 9,54% 160.375.011,15 € 16,15% 9.603 151.969.955,86 € 213 3.376.204,99 € 313 5.028.850,30 € 8.039 127.633.836,21 € 2.090 32.741.174,94 €

20.000,01 - 25.000,00 3.906 3,68% 80.042.606,81 € 8,06% 3.665 75.046.570,25 € 98 2.029.622,11 € 143 2.966.414,45 € 3.388 69.505.262,68 € 518 10.537.344,13 €

25.000,01 - 30.000,00 1.644 1,55% 41.104.608,12 € 4,14% 1.546 38.648.293,24 € 41 1.016.841,97 € 57 1.439.472,91 € 1.504 37.618.041,16 € 140 3.486.566,96 €

> 30.000,00 1.245 1,17% 43.710.520,24 € 4,40% 1.166 41.021.882,46 € 27 874.372,78 € 52 1.814.265,00 € 1.114 39.119.206,75 € 131 4.591.313,49 €

Total 106.129 100,00% 992.756.019,98 € 100,00% 101.579 946.724.837,59 € 2.055 20.037.107,81 € 2.495 25.994.074,58 € 78.518 756.028.678,29 € 27.611 236.727.341,69 €

172,00 €

104.400,00 €

10.027,00 €

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

Statistics

Minimum outstanding nominal balance

Customer type





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 8.833 8,32% 31.174.984,53 € 3,14% 8.367 29.287.016,31 € 279 1.069.885,14 € 187 818.083,08 € 5.278 19.809.458,79 € 3.555 11.365.525,74 €

13-24 34.250 32,27% 268.647.536,18 € 27,06% 32.804 256.202.841,03 € 659 5.466.386,01 € 787 6.978.309,14 € 24.388 192.688.259,51 € 9.862 75.959.276,67 €

25-36 46.601 43,91% 488.938.787,62 € 49,25% 44.778 467.940.584,47 € 832 9.522.102,61 € 991 11.476.100,54 € 35.171 372.055.992,84 € 11.430 116.882.794,78 €

37-48 15.242 14,36% 186.391.992,55 € 18,78% 14.495 176.557.609,09 € 275 3.816.498,76 € 472 6.017.884,70 € 12.616 155.954.996,15 € 2.626 30.436.996,40 €

49-60 1.203 1,13% 17.602.719,10 € 1,77% 1.135 16.736.786,69 € 10 162.235,29 € 58 703.697,12 € 1.065 15.519.971,00 € 138 2.082.748,10 €

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 106.129 100,00% 992.756.019,98 € 100,00% 101.579 946.724.837,59 € 2.055 20.037.107,81 € 2.495 25.994.074,58 € 78.518 756.028.678,29 € 27.611 236.727.341,69 €

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 55.348 52,15% 590.028.429,49 € 59,43% 53.143 564.549.383,37 € 1.099 12.145.855,28 € 1.106 13.333.190,84 € 40.900 449.806.298,33 € 14.448 140.222.131,16 €

13-24 43.506 40,99% 367.450.228,00 € 37,01% 41.482 348.555.540,58 € 835 7.302.815,50 € 1.189 11.591.871,92 € 32.300 279.566.599,93 € 11.206 87.883.628,07 €

25-36 6.981 6,58% 34.283.068,72 € 3,45% 6.675 32.688.766,47 € 117 577.020,73 € 189 1.017.281,52 € 5.081 25.837.940,77 € 1.900 8.445.127,95 €

37-48 292 0,28% 989.820,19 € 0,10% 277 926.673,59 € 4 11.416,30 € 11 51.730,30 € 235 813.365,68 € 57 176.454,51 €

49-60 2 0,00% 4.473,58 € 0,00% 2 4.473,58 € 0 0,00 € 0 0,00 € 2 4.473,58 € 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 106.129 100,00% 992.756.019,98 € 100,00% 101.579 946.724.837,59 € 2.055 20.037.107,81 € 2.495 25.994.074,58 € 78.518 756.028.678,29 € 27.611 236.727.341,69 €

Weighted average remaining term 28,57



Statistics

Minimum remaining term 1

Maximum remaining term 54

Weighted average seasoning 12,50



Statistics

Minimum seasoning 2

Maximum seasoning 53




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 42.967 40,49% 326.032.023,77 € 32,84% 41.595 314.897.850,90 € 889 7.256.125,93 € 483 3.878.046,94 € 30.210 233.543.145,56 € 12.757 92.488.878,21 €

VW LCV 15.679 14,77% 168.894.390,87 € 17,01% 14.774 159.410.528,10 € 412 4.209.463,84 € 493 5.274.398,93 € 11.884 131.249.648,15 € 3.795 37.644.742,72 €

Audi 30.438 28,68% 382.531.156,13 € 38,53% 28.613 360.508.236,11 € 640 7.423.107,29 € 1.185 14.599.812,73 € 22.843 299.933.875,93 € 7.595 82.597.280,20 €

Seat 4.253 4,01% 22.910.202,00 € 2,31% 4.116 21.969.503,73 € 24 186.629,13 € 113 754.069,14 € 3.581 19.472.381,55 € 672 3.437.820,45 €

Skoda 12.619 11,89% 89.988.220,77 € 9,06% 12.367 88.344.123,94 € 39 236.946,59 € 213 1.407.150,24 € 0 0,00 € 0 0,00 €

Other brands 172 0,16% 2.395.678,66 € 0,24% 114 1.594.594,81 € 50 720.487,25 € 8 80.596,60 € 107 1.521.931,03 € 65 873.747,63 €

Total 106.128 100,00% 992.751.672,20 € 100,00% 101.579 946.724.837,59 € 2.054 20.032.760,03 € 2.495 25.994.074,58 € 68.625 685.720.982,22 € 24.884 217.042.469,21 €

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 16.031 15,11% 155.358.340,53 € 15,65% 15.424 149.212.353,12 € 241 2.251.566,94 € 366 3.894.420,47 € 11.781 117.523.971,40 € 4.250 37.834.369,13 €

Bavaria 17.652 16,63% 173.776.253,52 € 17,50% 16.765 164.550.390,08 € 433 4.264.404,03 € 454 4.961.459,41 € 13.073 131.615.595,63 € 4.579 42.160.657,89 €

Berlin 3.247 3,06% 26.892.010,12 € 2,71% 3.091 25.422.907,67 € 71 709.657,07 € 85 759.445,38 € 2.316 20.614.122,23 € 931 6.277.887,89 €

Brandenburg 2.341 2,21% 20.720.180,59 € 2,09% 2.204 19.431.946,53 € 74 662.361,28 € 63 625.872,78 € 1.808 16.724.076,17 € 533 3.996.104,42 €

Bremen 1.095 1,03% 9.547.243,00 € 0,96% 1.051 9.138.492,98 € 19 183.397,83 € 25 225.352,19 € 650 5.979.200,28 € 445 3.568.042,72 €

Hamburg 3.434 3,24% 30.186.560,99 € 3,04% 3.333 29.271.609,98 € 34 314.710,64 € 67 600.240,37 € 2.392 21.916.746,41 € 1.042 8.269.814,58 €

Hesse 8.620 8,12% 79.732.396,85 € 8,03% 8.219 75.963.679,36 € 203 1.697.788,22 € 198 2.070.929,27 € 6.122 59.750.798,30 € 2.498 19.981.598,55 €

Lower Saxony 9.952 9,38% 91.145.630,12 € 9,18% 9.543 86.957.871,21 € 193 1.952.947,24 € 216 2.234.811,67 € 7.262 67.814.363,11 € 2.690 23.331.267,01 €

Mecklenburg-Vorpommern 1.690 1,59% 15.342.587,88 € 1,55% 1.622 14.662.469,83 € 28 236.291,69 € 40 443.826,36 € 1.320 12.488.344,67 € 370 2.854.243,21 €

North Rhine-Westphalia 23.404 22,05% 216.814.834,42 € 21,84% 22.482 207.546.620,10 € 403 4.020.762,31 € 519 5.247.452,01 € 17.150 162.555.089,33 € 6.254 54.259.745,09 €

Rhineland-Palatinate 3.524 3,32% 34.624.855,27 € 3,49% 3.343 32.738.092,15 € 70 770.096,26 € 111 1.116.666,86 € 2.686 27.015.271,00 € 838 7.609.584,27 €

Saarland 649 0,61% 6.565.629,03 € 0,66% 588 5.959.406,32 € 29 320.755,22 € 32 285.467,49 € 524 5.411.415,85 € 125 1.154.213,18 €

Saxony 5.715 5,38% 51.622.798,86 € 5,20% 5.514 49.580.254,43 € 94 904.055,21 € 107 1.138.489,22 € 4.595 42.628.744,99 € 1.120 8.994.053,87 €

Saxony-Anhalt 2.538 2,39% 22.645.028,61 € 2,28% 2.405 21.115.207,44 € 67 724.230,40 € 66 805.590,77 € 1.974 17.937.524,09 € 564 4.707.504,52 €

Schleswig-Holstein 3.444 3,25% 31.695.900,09 € 3,19% 3.316 30.277.533,90 € 46 509.428,73 € 82 908.937,46 € 2.662 25.099.340,74 € 782 6.596.559,35 €

Thuringia 2.792 2,63% 26.076.617,04 € 2,63% 2.678 24.886.849,43 € 50 514.654,74 € 64 675.112,87 € 2.202 20.944.921,03 € 590 5.131.696,01 €

Foreign countries (*) 1 0,00% 9.153,06 € 0,00% 1 9.153,06 € 0 0,00 € 0 0,00 € 1 9.153,06 € 0 0,00 €

Total 106.129 100,00% 992.756.019,98 € 100,00% 101.579 946.724.837,59 € 2.055 20.037.107,81 € 2.495 25.994.074,58 € 78.518 756.028.678,29 € 27.611 236.727.341,69 €

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 664 0,63% 6.701.819,07 € 0,68% 629 6.337.818,75 € 21 192.032,18 € 14 171.968,14 € 532 5.687.466,02 € 132 1.014.353,05 €

Energy/ Mining 1.276 1,20% 11.617.986,61 € 1,17% 1.253 11.347.036,09 € 9 108.613,00 € 14 162.337,52 € 750 7.152.902,20 € 526 4.465.084,41 €

Manufacturing Industry 19.011 17,91% 199.564.554,27 € 20,10% 18.501 194.025.749,85 € 207 2.225.051,57 € 303 3.313.752,85 € 12.116 131.861.051,17 € 6.895 67.703.503,10 €

Chemical Industry 1.199 1,13% 11.853.632,85 € 1,19% 1.180 11.628.349,78 € 7 87.704,93 € 12 137.578,14 € 564 5.764.946,26 € 635 6.088.686,59 €

Construction 10.503 9,90% 109.733.956,17 € 11,05% 9.882 103.216.389,98 € 259 2.582.292,31 € 362 3.935.273,88 € 8.704 93.108.639,69 € 1.799 16.625.316,48 €

Retail/ Wholesale 19.061 17,96% 179.815.306,37 € 18,11% 18.162 171.040.283,26 € 462 4.238.462,96 € 437 4.536.560,15 € 13.543 134.804.911,98 € 5.518 45.010.394,39 €

Hotel and Restaurant Industry 1.795 1,69% 16.317.827,18 € 1,64% 1.635 14.785.203,31 € 64 553.706,35 € 96 978.917,52 € 1.587 14.675.186,04 € 208 1.642.641,14 €

Transportation 2.741 2,58% 27.378.463,62 € 2,76% 2.585 25.727.476,83 € 79 768.030,41 € 77 882.956,38 € 2.083 21.696.699,51 € 658 5.681.764,11 €

Financial Services 4.557 4,29% 40.615.061,01 € 4,09% 4.364 38.749.481,75 € 97 951.048,40 € 96 914.530,86 € 3.226 30.307.918,02 € 1.331 10.307.142,99 €

Public Administration, Education,

Health Care, Public Serv.19.715 18,58% 145.433.739,67 € 14,65% 18.986 138.676.892,24 € 305 2.803.967,89 € 424 3.952.879,54 € 16.103 120.587.147,46 € 3.612 24.846.592,21 €

Other Services 17.147 16,16% 165.228.427,66 € 16,64% 16.301 156.357.185,18 € 389 3.968.902,78 € 457 4.902.339,70 € 13.071 131.050.539,58 € 4.076 34.177.888,08 €

Information Technology 5.517 5,20% 52.096.221,95 € 5,25% 5.343 50.344.484,36 € 70 709.616,73 € 104 1.042.120,86 € 3.738 36.221.235,42 € 1.779 15.874.986,53 €

Real Estate 2.788 2,63% 25.307.944,91 € 2,55% 2.611 23.460.656,52 € 84 833.595,25 € 93 1.013.693,14 € 2.394 22.361.730,36 € 394 2.946.214,55 €

Other 155 0,15% 1.091.078,64 € 0,11% 147 1.027.829,69 € 2 14.083,05 € 6 49.165,90 € 107 748.304,58 € 48 342.774,06 €

Total 106.129 100,00% 992.756.019,98 € 100,00% 101.579 946.724.837,59 € 2.055 20.037.107,81 € 2.495 25.994.074,58 € 78.518 756.028.678,29 € 27.611 236.727.341,69 €

(*) 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 1 0,00% 1.047,89 € 0,00% 0 0 1 1.047,89 € 0 0,00 € 0 0,00 € 1 1.047,89 €

Polo 3.891 3,67% 14.864.302,01 € 1,50% 3.836 14.588.250 17 89.462,33 € 38 186.589,67 € 2.900 11.439.958,08 € 991 3.424.343,93 €

Golf 12.116 11,42% 83.290.398,06 € 8,39% 11.810 81.174.750 148 955.344,64 € 158 1.160.303,47 € 8.311 59.292.046,30 € 3.805 23.998.351,76 €

Eos 91 0,09% 862.456,59 € 0,09% 85 812.919 4 37.144,43 € 2 12.393,42 € 83 795.478,35 € 8 66.978,24 €

Jetta 67 0,06% 365.482,26 € 0,04% 40 271.550 25 85.313,29 € 2 8.619,46 € 54 295.694,56 € 13 69.787,70 €

New Beetle 607 0,57% 4.087.134,16 € 0,41% 569 3.786.106 14 128.528,49 € 24 172.499,59 € 567 3.836.842,79 € 40 250.291,37 €

Passat 10.557 9,95% 96.749.409,67 € 9,75% 10.386 95.376.584 110 816.351,39 € 61 556.474,13 € 5.977 57.597.721,74 € 4.580 39.151.687,93 €

Scirocco 86 0,08% 605.030,37 € 0,06% 77 540.776 6 41.948,35 € 3 22.306,41 € 72 481.229,10 € 14 123.801,27 €

Touran 3.423 3,23% 28.885.900,02 € 2,91% 3.383 28.535.071 28 216.198,03 € 12 134.630,94 € 2.201 19.176.316,94 € 1.222 9.709.583,08 €

Tiguan 4.086 3,85% 35.147.810,96 € 3,54% 4.002 34.287.372 35 354.866,44 € 49 505.572,54 € 3.462 29.955.239,59 € 624 5.192.571,37 €

Sharan 1.781 1,68% 20.833.468,35 € 2,10% 1.752 20.522.259 19 215.351,32 € 10 95.858,42 € 1.208 14.551.411,92 € 573 6.282.056,43 €

Touareg 1.263 1,19% 22.612.899,75 € 2,28% 1.163 20.914.790 56 936.436,94 € 44 761.672,71 € 1.135 20.552.261,05 € 128 2.060.638,70 €

Phaeton 698 0,66% 5.168.145,95 € 0,52% 297 1.873.019 401 3.295.126,93 € 0 0,00 € 627 4.900.696,21 € 71 267.449,74 €

up! 4.300 4,05% 12.558.537,73 € 1,27% 4.195 12.214.406 25 83.005,46 € 80 261.126,18 € 3.613 10.668.248,93 € 687 1.890.288,80 €

Sub-Total VW 42.967 40,49% 326.032.023,77 € 32,84% 41.595 314.897.850,90 € 889 7.256.125,93 € 483 3.878.046,94 € 30.210 233.543.145,56 € 12.757 92.488.878,21 €

VW LCV Caddy 5.689 5,36% 41.779.651,45 € 4,21% 5.466 40.223.293 97 612.875,70 € 126 943.483,03 € 4.196 31.467.541,04 € 1.493 10.312.110,41 €

Transporter 6.947 6,55% 87.837.967,20 € 8,85% 6.482 82.401.723 218 2.501.874,21 € 247 2.934.369,60 € 5.279 68.189.970,21 € 1.668 19.647.996,99 €

Crafter 2.503 2,36% 32.517.541,40 € 3,28% 2.358 30.813.774 72 840.452,29 € 73 863.315,52 € 1.926 25.469.053,44 € 577 7.048.487,96 €

Amarok 540 0,51% 6.759.230,82 € 0,68% 468 5.971.738 25 254.261,64 € 47 533.230,78 € 483 6.123.083,46 € 57 636.147,36 €

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 15.679 14,77% 168.894.390,87 € 17,01% 14.774 159.410.528,10 € 412 4.209.463,84 € 493 5.274.398,93 € 11.884 131.249.648,15 € 3.795 37.644.742,72 €

Audi A1 1.199 1,13% 6.535.771,46 € 0,66% 1.111 6.090.541 41 228.975,67 € 47 216.254,65 € 1.009 5.573.941,27 € 190 961.830,19 €

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

A3 4.400 4,15% 36.338.564,95 € 3,66% 4.149 34.515.385 60 417.540,51 € 191 1.405.639,14 € 3.429 29.004.476,70 € 971 7.334.088,25 €

A4 7.157 6,74% 75.138.515,59 € 7,57% 6.840 71.871.519 126 1.190.263,90 € 191 2.076.733,11 € 4.260 47.228.948,23 € 2.897 27.909.567,36 €

A5 2.616 2,46% 34.192.996,87 € 3,44% 2.463 32.299.854 44 539.414,33 € 109 1.353.728,07 € 2.086 28.233.828,37 € 530 5.959.168,50 €

A6 7.875 7,42% 118.095.229,14 € 11,90% 7.470 112.599.299 175 2.232.245,25 € 230 3.263.685,16 € 5.800 90.985.858,56 € 2.075 27.109.370,58 €

A7 604 0,57% 11.763.120,45 € 1,18% 553 10.898.897 18 289.744,68 € 33 574.478,56 € 522 10.389.012,31 € 82 1.374.108,14 €

A8 530 0,50% 14.223.386,28 € 1,43% 390 11.731.781 59 890.457,30 € 81 1.601.147,67 € 453 12.140.795,73 € 77 2.082.590,55 €

Q3 1.963 1,85% 19.458.483,74 € 1,96% 1.853 18.386.076 19 179.570,83 € 91 892.836,99 € 1.672 16.731.853,04 € 291 2.726.630,70 €

Q5 3.193 3,01% 50.767.395,92 € 5,11% 3.027 48.388.361 42 577.080,01 € 124 1.801.954,57 € 2.769 44.655.612,64 € 424 6.111.783,28 €

Q7 646 0,61% 11.816.149,82 € 1,19% 548 10.269.558 35 569.819,97 € 63 976.771,74 € 605 11.078.520,55 € 41 737.629,27 €

TT 208 0,20% 2.473.428,85 € 0,25% 174 2.111.077 17 192.405,58 € 17 169.945,93 € 196 2.361.266,11 € 12 112.162,74 €

R8 47 0,04% 1.728.113,06 € 0,17% 35 1.345.887 4 115.589,26 € 8 266.637,14 € 42 1.549.762,42 € 5 178.350,64 €

Sub-Total Audi 30.438 28,68% 382.531.156,13 € 38,53% 28.613 360.508.236,11 € 640 7.423.107,29 € 1.185 14.599.812,73 € 22.843 299.933.875,93 € 7.595 82.597.280,20 €

Seat Ibiza 810 0,76% 2.789.651,74 € 0,28% 779 2.631.589 4 18.151,84 € 27 139.910,55 € 657 2.407.787,45 € 153 381.864,29 €

Altea 125 0,12% 827.437,99 € 0,08% 118 770.570 3 18.051,77 € 4 38.816,34 € 112 754.873,40 € 13 72.564,59 €

Leon 1.585 1,49% 9.708.960,43 € 0,98% 1.544 9.425.514 6 46.746,48 € 35 236.700,38 € 1.375 8.496.867,34 € 210 1.212.093,09 €

Alhambra 751 0,71% 6.860.423,82 € 0,69% 729 6.614.113 8 79.141,22 € 14 167.169,37 € 602 5.569.372,56 € 149 1.291.051,26 €

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

Exeo 134 0,13% 737.719,63 € 0,07% 119 621.669 3 24.537,82 € 12 91.512,65 € 93 493.222,91 € 41 244.496,72 €

Mii 833 0,78% 1.906.104,78 € 0,19% 813 1.834.526 0 0,00 € 20 71.579,12 € 730 1.680.682,85 € 103 225.421,93 €

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

Toledo 15 0,01% 79.903,61 € 0,01% 14 71.523 0 0,00 € 1 8.380,73 € 12 69.575,04 € 3 10.328,57 €

Sub-Total Seat 4.253 4,01% 22.910.202,00 € 2,31% 4.116 21.969.504 24 186.629 113 754.069 3.581 19.472.381,55 € 672 3.437.820,45 €

Skoda Fabia 1.051 0,99% 4.555.186,82 € 0,46% 1.018 4.418.949 5 18.568,73 € 28 117.669,15 € 859 3.776.826,32 € 192 778.360,50 €

Octavia 6.423 6,05% 49.034.757,68 € 4,94% 6.327 48.276.473 13 86.692,60 € 83 671.591,85 € 4.880 37.370.477,21 € 1.543 11.664.280,47 €

Roomster 663 0,62% 3.266.865,17 € 0,33% 641 3.160.448 4 21.034,94 € 18 85.381,94 € 554 2.705.244,25 € 109 561.620,92 €

Superb 2.516 2,37% 23.319.541,41 € 2,35% 2.482 23.027.558 8 61.515,68 € 26 230.468,19 € 1.937 18.081.521,45 € 579 5.238.019,96 €

Yeti 687 0,65% 5.204.655,22 € 0,52% 664 5.038.630 5 27.686,09 € 18 138.339,45 € 612 4.656.640,75 € 75 548.014,47 €

Citygo 907 0,85% 2.434.062,22 € 0,25% 880 2.347.586 2 7.895,78 € 25 78.580,33 € 757 1.984.321,13 € 150 449.741,09 €

Rapid 372 0,35% 2.173.152,25 € 0,22% 355 2.074.480 2 13.552,77 € 15 85.119,33 € 293 1.728.317,18 € 79 444.835,07 €

Sub-Total Skoda 12.619 11,89% 89.988.220,77 € 9,06% 12.367 88.344.123,94 € 39 236.946,59 € 213 1.407.150,24 € 9.892 70.303.348,29 € 2.727 19.684.872,48 €

Other brands 172 0,16% 2.395.678,66 € 0,24% 114 1.594.594,81 € 50 720.487,25 € 8 80.596,60 € 107 1.521.931,03 € 65 873.747,63 €

Total 106.128 100,00% 992.751.672,20 € 100,00% 101.579 946.724.837,59 € 2.054 20.032.760,03 € 2.495 25.994.074,58 € 78.517 756.024.330,51 € 27.611 236.727.341,69 €0 0,00 € 0 0,00 €






Index

Pool data VI

Contract 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

balanceClosed end contract 104.749 98,70% 980.654.587,33 € 98,78% 100.530 937.716.349,95 € 1.871 18.134.727,00 € 2.348 24.803.510,38 € 77.185 744.259.312,36 € 27.564 236.395.274,97 €

Open end lease contract 1.380 1,30% 12.101.432,65 € 1,22% 1.049 9.008.487,64 € 184 1.902.380,81 € 147 1.190.564,20 € 1.333 11.769.365,93 € 47 332.066,72 €

Total 106.129 100,00% 992.756.019,98 € 100,00% 101.579 946.724.837,59 € 2.055 20.037.107,81 € 2.495 25.994.074,58 € 78.518 756.028.678,29 € 27.611 236.727.341,69 €

Type of carNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceNew vehicles 101.579 95,71% 946.724.837,59 € 95,36% 74.243 712.040.731,65 € 27.336 234.684.105,94 €

Used vehicles 2.055 1,94% 20.037.107,81 € 2,02% 1.889 18.889.928,72 € 166 1.147.179,09 €

Demonstration vehicles 2.495 2,35% 25.994.074,58 € 2,62% 2.386 25.098.017,92 € 109 896.056,66 €

Total 106.129 100,00% 992.756.019,98 € 100,00% 78.518 756.028.678,29 € 27.611 236.727.341,69 €

Customer typeNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balanceRetail 78.518 73,98% 756.028.678,29 € 76,15%

Corporate 27.611 26,02% 236.727.341,69 € 23,85%

Total 106.129 100,00% 992.756.019,98 € 100,00%

Total portfolioCustomer type

Retail Corporate

Total portfolio


New vehicle Used vehicle Demonstration vehicles Retail Corporate




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 10.2014 11.2014

- - 0 0,00 € 0,00 € 0,00 € 0,00 € 0 - 0,00 € 0,00 € 0,00 € - 0,0% 0 - 0 - - - 0,00 € 0,00 €


Documents

VCL 20 - True Sale International