sc germany auto 2018-1 monthly investor report · sc germany auto 2018-1 reporting date 11.07.2019...
TRANSCRIPT
SC Germany Auto 2018-1
Monthly Investor Report
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
Cover Sheet Monthly Investor Report Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Index Page
1. Portfolio Information 1
2. Reserve Accounts 2
3. Delinquency Data 3
4. Default Data 4
4.1 Default Data per Quarter 5
5. Outstanding Notes 6
6. Original Principal Balance 7
6.1 Original PB (Graph) 8
7. Current Principal Balance 9
7.1 Current PB (Graph) 10
8. Borrower Concentration 11
9. Geographical Distribution 12
9.1 Geographical (Graph) 13
10. Object/Vehicle Type 14
11. Insurances 15
12. Contract Type 16
13. Payment Methods 17
14. Downpayment 18
15. Effective Interest Rate 19
15.1 Effective Interest Rate (Graph) 20
16. Seasoning 21
16.1 Seasoning (Graph) 22
17. Remaining Term 23
17.1 Remaining Term (Graph) 24
18. Original Term 25
18.1 Original Term (Graph) 26
19. Manufacturer Brands 27
20. Priority of Payments + Transaction Costs 28
21.1 Swap Counterparty 1 Data 29
21.2 Swap Counterparty 2 Data 30
22. Retention 31
23. Counterparties 32
24. Issuer Information 33
25. Santander Consumer Bank 34
26. Glossary 35
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
1. Portfolio Information Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
current period previous period
Outstanding ReceivablesNo. of
Contracts
Aggregate Outstanding
Principal Amount
Aggregate Outstanding
Principal Amount
Beginning of Period 38.114 434.624.868,27€ 448.266.383,75€
Scheduled Principal Payments 8.180.355,82€
Prepayment Principal 3.701.521,75€
Others 363.280,98€
Total Principal Collections 12.245.158,55€ 13.573.365,60€
Total Interest Collections 1.532.586,18€ 1.663.273,67€
Defaults 50.441,64€ 68.149,88€
End of Period 37.500 422.329.268,08€ 434.624.868,27€
Current Prepayment Rate (annualised) 9,8%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
2. Reserve Accounts Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Note BalanceBeginning of Period 434.624.885,70 €
End of Period 422.329.280,40 €
Reserve AccountsReserve Account in % Trigger Event y/n
Beginning of Period 0,94% 4.092.663,86 €
Cash Outflow -136.415,00 €
Cash Inflow 0,00 €
End of Period 0,94% 3.956.248,86 €
Required Reserve Fund 0,94% 3.956.248,86 €
(thereof) Liquidity Reserve Account in %
Beginning of Period 0,94% 4.092.663,86 €
Cash Outflow -136.415,00 €
Cash Inflow 0,00 €
End of Period 0,94% 3.956.248,86 €
Required Liquidity Reserve Fund 3.956.248,86 €
Commingling Reserve in %
Beginning of Period n/a no
Cash Outflow n/a
Cash Inflow n/a
End of Period n/a
Required Commingling Reserve Fund n/a
Set-Off Reserve (X) in %
Beginning of Period n/a no
Cash Outflow n/a
Cash Inflow n/a
End of Period n/a
Required Set-Off Reserve (X) Fund n/a
Set-Off Reserve (Y) in %
Beginning of Period n/a no
Cash Outflow n/a
Cash Inflow n/a
End of Period n/a
Required Set-Off Reserve (Y) Fund n/a
Current Set-Off (Y) Amount n/a
Set-Off Amount (per Loan) n/a
Set-Off Amount (in % of Outstanding Balance) n/a
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
3. Delinquency Data Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Note BalanceBeginning of Period 434.624.885,70€
End of Period 422.329.280,40€
Delinquency Data and Ratios3-MRA* /
current ratio Amount at risk Overdue amount
Number of
Loans
3-MRA* 1- 30 days past due 0,16%
1- 30 days past due period before previous period 784.827,03€ 23.688,45€ 59
1- 30 days past due previous period 735.635,37€ 30.950,89€ 61
1- 30 days past due current period 0,13% 547.957,86€ 35.379,27€ 46
3-MRA* 31- 60 days past due 0,16%
31- 60 days past due period before previous period 678.260,48€ 19.084,51€ 51
31- 60 days past due previous period 683.484,97€ 32.079,98€ 52
31- 60 days past due current period 0,17% 746.598,56€ 25.882,12€ 56
3-MRA* 61-90 days past due 0,07%
61- 90 days past due period before previous period 204.205,29€ 11.442,70€ 17
61- 90 days past due previous period 327.474,88€ 15.819,27€ 26
61- 90 days past due current period 0,08% 338.454,37€ 27.634,96€ 26
3-MRA* 91-120 days past due 0,03%
91- 120 days past due period before previous period 116.965,81€ 7.629,60€ 11
91- 120 days past due previous period 163.293,95€ 12.947,04€ 12
91- 120 days past due current period 0,04% 164.650,81€ 10.702,42€ 12
3-MRA* 121-150 days past due 0,02%
121- 150 days past due period before previous period 30.443,09€ 3.454,53€ 3
121- 150 days past due previous period 29.198,42€ 2.977,12€ 3
121- 150 days past due current period 0,03% 143.547,43€ 12.805,37€ 10
3-MRA* 151-180 days past due 0,02%
151- 180 days past due period before previous period 123.119,81€ 21.322,14€ 10
151- 180 days past due previous period 59.164,43€ 11.343,53€ 6
151- 180 days past due current period 0,02% 96.584,09€ 15.424,55€ 9
* 3-MRA stands for three months rolling average
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
4. Default Data Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Note BalanceBeginning of Period 434.624.885,70€
End of Period 422.329.280,40€
Default Data and Ratios Amount Number of Loans
Current Default
Current Period Gross Default 50.441,64€
Current Period Recoveries 534,34€
Current Period Net Default 49.907,30€
New Number of Defaulted Contracts 5
Cumulative Default
Cumulative Gross Default 599.800,01€
Cumulative Recoveries 66.860,52€
Cumulative Net Default 532.939,49€
Total Number of Defaulted Contracts 57
3-MRA* /
current ratio Ratio
3-MRA* Annualised Net Default Ratio (New Default) 0,18%
Annualised Loss Ratio period before previous period 0,25%
Annualised Loss Ratio previous period 0,13%
Annualised Loss Ratio current period 0,14% 0,14%
Principal Deficiency Trigger Event y/n
Principal Deficiency period before previous period -€ no
Principal Deficiency previous period -€
Principal Deficiency current period -€
PDL Trigger 7.500.000,00€
Repurchased Assets
Current Repurchased Asset Amount through breach of warranty or voluntary buyback -€
Cumulative Repurchased Asset Amount through breach of warranty or voluntary buyback -€
* 3-MRA stands for three months rolling average
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
4.1 Default Data per Quarter Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Quarter of Default Periods New Defaults Recoveries Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019
Q2 2018 1-1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Q3 2018 2-4 16.098,83 10.273,30 0,00 8.662,15 811,15 400,00 400,00
Q4 2018 5-7 149.584,50 28.450,00 0,00 0,00 0,00 28.250,00 200,00
Q1 2019 8-10 219.055,48 27.497,02 0,00 0,00 0,00 5.600,00 21.897,02Q2 2019 11-13 215.061,20 640,20 0,00 0,00 0,00 0,00 640,20
Total 599.800,01 66.860,52 0,00 8.662,15 811,15 34.250,00 23.137,22
Recoveries in Quarter
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
5. Outstanding Notes Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
1. Note Balance All notes Class A Class BGeneral Note Information
ISIN Code XS1831869653 XS1831869810
Currency EUR EUR
Initial Tranching in % 93,50% 6,50%
Legal Maturity Dec 2027 Dec 2027
Expected Maturity Aug 2022 Aug 2022
Original Rating (DBRS / Moody's) AAA (sf)/Aaa(sf) NR/NR
Current Rating (DBRS / Moody's)* AAA (sf)/Aaa(sf) NR/NR
Initial Notes Aggregate Principal Outstanding Balance 600.000.000,00 € 561.000.000,00 € 39.000.000,00 €
Initial Nominal per Note 100.000,00 € 100.000,00 €
Initial Number of Notes per Class 5.610 390
Current Note Information
Class Principal Outstanding Balance Beginning of Period 434.624.885,70 € 395.624.885,70 € 39.000.000,00 €
Available Distribution Amount 17.870.960,36 €
Amortisation 12.295.605,30 €
Redemption per Class 12.295.605,30 € 12.295.605,30 € 0,00 €
Redemption per Note 2.191,73 € 0,00 €
Class Principal Outstanding Balance End of Period 422.329.280,40 € 383.329.280,40 € 39.000.000,00 €
Current Tranching 90,8% 9,2%
Current Pool Factor 0,68 1,00
2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: 1-M Euribor / Spread / Fixed Rate -0,377% +40 bps 0,633%
DayCount Convention act/360 act/360
Interest Days 32
Principal Outstanding per Note Beginning of Period 70.521,37 € 100.000,00 €
> Principal Repayment per Note 2.191,73 € 0,00 €
Principal Outstanding per Note End of Period 68.329,64 € 100.000,00 €
> Interest accrued for the period 8.078,40 € 21.945,30 €
Interest Payment 8.078,40 € 21.945,30 €
Interest Payment per Note 1,44 € 56,27 €
3. Credit Enhancements Class A Class B Initial total CE (Subordination, Reserve) 7,44% 0,94%
Current CE (incl. Excess Spread) 13,33% 4,09%
Current CE (excl. Excess Spread) 10,17% 0,94%
4. Placement Disclosure Class A Class B Pre-placed privately with investors which are not in the OG - € - € At Closing
Retained by a member of the OG - € 39.000.000 € At Closing
Publicly offered to investors which are not in the OG 561.000.000 € - € At Closing
Privately-placed with investors which are not in the OG - € - € Current Period
Retained by a member of the OG - € 39.000.000 € Current Period
Publicly-placed with investors which are not in the OG 383.329.280 € - € Current Period
Initially retained by a member of the OG, but subsequently placed with investors - € - € Current Period
OG stands for Originator Group
* Last rating action as of 21.06.2018
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
6. Original Principal Balance Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Original Principal Balance
(Ranges in EUR)
Original Principal
Balance in EUR
Percentage of
Total Balance Number of Loans
Percentage of Total
Loans
0: 999 1.803,00 0,00% 2 0,01%
1000: 1999 128.895,22 0,02% 77 0,21%
2000: 2999 857.614,13 0,15% 337 0,90%
3000: 3999 2.516.924,33 0,43% 717 1,91%
4000: 4999 4.556.211,49 0,79% 1.013 2,70%
5000: 5999 7.397.298,59 1,28% 1.345 3,59%
6000: 6999 9.992.138,17 1,73% 1.533 4,09%
7000: 7999 12.324.922,83 2,13% 1.641 4,38%
8000: 8999 15.522.332,99 2,68% 1.823 4,86%
9000: 9999 17.763.376,46 3,07% 1.865 4,97%
10000:10999 24.535.267,05 4,24% 2.336 6,23%
11000:11999 24.486.960,72 4,23% 2.129 5,68%
12000:12999 25.194.858,63 4,35% 2.017 5,38%
13000:13999 26.817.544,22 4,63% 1.985 5,29%
14000:14999 27.882.958,80 4,82% 1.924 5,13%
15000:15999 29.181.718,11 5,04% 1.883 5,02%
16000:16999 26.453.662,00 4,57% 1.605 4,28%
17000:17999 26.024.134,45 4,50% 1.488 3,97%
18000:18999 24.121.256,67 4,17% 1.304 3,48%
19000:19999 23.871.773,78 4,13% 1.224 3,26%
20000:20999 22.326.729,65 3,86% 1.092 2,91%
21000:21999 22.813.623,86 3,94% 1.062 2,83%
22000:22999 20.546.604,78 3,55% 914 2,44%
23000:23999 19.474.544,04 3,37% 829 2,21%
24000:24999 17.379.415,88 3,00% 710 1,89%
25000:25999 16.165.790,85 2,79% 634 1,69%
26000:26999 15.710.100,71 2,71% 593 1,58%
27000:27999 13.445.122,30 2,32% 489 1,30%
28000:28999 11.800.953,27 2,04% 414 1,10%
29000:29999 10.591.439,13 1,83% 359 0,96%
30000:30999 9.781.385,98 1,69% 321 0,86%
31000:31999 8.913.750,43 1,54% 283 0,75%
32000:32999 8.123.136,44 1,40% 250 0,67%
33000:33999 6.563.714,90 1,13% 196 0,52%
34000:34999 5.169.375,46 0,89% 150 0,40%
35000:35000 105.000,00 0,02% 3 0,01%35001: 40.144.925,28 6,94% 953 2,54%
Total 578.687.264,60 100,00% 37.500 100,00%
Statistics in EUR
Average Amount 15.431,66
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
6.1 Original PB (Graph) Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
0
5.000.000
10.000.000
15.000.000
20.000.000
25.000.000
30.000.000
35.000.000
40.000.000
45.000.000
Ori
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Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
7. Current Principal Balance Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Current Principal Balance
(Ranges in EUR)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 999 424.962,68 0,10% 977 2,61%
1000: 1999 1.917.197,88 0,45% 1.248 3,33%
2000: 2999 3.659.838,09 0,87% 1.458 3,89%
3000: 3999 5.847.938,06 1,38% 1.668 4,45%
4000: 4999 8.148.957,50 1,93% 1.810 4,83%
5000: 5999 11.265.547,00 2,67% 2.047 5,46%
6000: 6999 13.892.098,49 3,29% 2.136 5,70%
7000: 7999 17.803.710,00 4,22% 2.374 6,33%
8000: 8999 20.645.157,55 4,89% 2.430 6,48%
9000: 9999 21.624.774,84 5,12% 2.280 6,08%
10000:10999 23.774.469,09 5,63% 2.266 6,04%
11000:11999 24.916.668,66 5,90% 2.166 5,78%
12000:12999 23.221.789,85 5,50% 1.860 4,96%
13000:13999 23.798.049,06 5,63% 1.764 4,70%
14000:14999 21.098.367,67 5,00% 1.456 3,88%
15000:15999 20.322.671,41 4,81% 1.313 3,50%
16000:16999 19.454.954,44 4,61% 1.181 3,15%
17000:17999 17.469.735,23 4,14% 998 2,66%
18000:18999 17.234.042,25 4,08% 932 2,49%
19000:19999 16.496.447,23 3,91% 846 2,26%
20000:20999 14.614.499,36 3,46% 713 1,90%
21000:21999 12.487.466,03 2,96% 581 1,55%
22000:22999 11.505.688,59 2,72% 512 1,37%
23000:23999 9.860.462,56 2,33% 420 1,12%
24000:24999 8.443.318,26 2,00% 345 0,92%
25000:25999 8.054.022,23 1,91% 316 0,84%
26000:26999 7.072.621,56 1,67% 267 0,71%
27000:27999 5.528.398,49 1,31% 201 0,54%
28000:28999 4.673.986,42 1,11% 164 0,44%
29000:29999 4.158.479,93 0,98% 141 0,38%
30000:30999 3.198.508,14 0,76% 105 0,28%
31000:31999 2.706.649,16 0,64% 86 0,23%
32000:32999 2.335.483,40 0,55% 72 0,19%
33000:33999 1.673.161,12 0,40% 50 0,13%
34000:34999 1.652.270,21 0,39% 48 0,13%35001: 11.346.875,64 2,69% 269 0,72%
Total 422.329.268,08 100,00% 37.500 100,00%
Statistics in EUR
Average Amount 11.262,11
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
7.1 Current PB (Graph) Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
0
5.000.000
10.000.000
15.000.000
20.000.000
25.000.000
30.000.000
Cu
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Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
8. Borrower Concentration Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
No
Current Principal
Balance in EUR
Percentage of
Balance Number of Loans
1 87.347,18 0,0207% 1
2 86.602,06 0,0205% 1
3 86.103,53 0,0204% 1
4 85.910,39 0,0203% 1
5 83.905,71 0,0199% 1
6 72.630,99 0,0172% 2
7 70.464,46 0,0167% 1
8 69.445,33 0,0164% 1
9 68.997,38 0,0163% 1
10 63.040,68 0,0149% 1
11 61.358,58 0,0145% 1
12 60.730,53 0,0144% 1
13 59.618,97 0,0141% 1
14 58.244,15 0,0138% 1
15 57.877,93 0,0137% 1
16 55.758,92 0,0132% 1
17 55.707,50 0,0132% 1
18 55.275,19 0,0131% 1
19 55.222,28 0,0131% 1
20 55.194,81 0,0131% 1
21 54.891,11 0,0130% 1
22 54.071,91 0,0128% 1
23 53.903,73 0,0128% 1
24 53.549,16 0,0127% 1
25 53.271,50 0,0126% 1
1.619.123,98 0,3834% 26
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
9. Geographical Distribution Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
State
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Baden-Wuerttemberg 46.647.946,61 11,05% 3.966 10,58%
Bavaria 53.145.440,92 12,58% 4.588 12,23%
Berlin 6.902.743,10 1,63% 629 1,68%
Brandenburg 19.540.580,49 4,63% 1.797 4,79%
Bremen 2.528.767,60 0,60% 227 0,61%
Hamburg 3.959.109,08 0,94% 357 0,95%
Hesse 28.581.491,28 6,77% 2.496 6,66%
Lower Saxony 44.364.121,89 10,50% 3.968 10,58%
Mecklenburg-Western Pomerania 16.738.599,46 3,96% 1.529 4,08%
North Rhine-Westphalia 84.407.153,22 19,99% 7.735 20,63%
Rhineland-Palatinate 21.286.959,41 5,04% 1.832 4,89%
Saarland 5.255.473,23 1,24% 469 1,25%
Saxonia 27.786.789,92 6,58% 2.542 6,78%
Saxony-Anhalt 21.687.657,05 5,14% 1.970 5,25%
Schleswig-Holstein 14.154.137,44 3,35% 1.289 3,44%
Thuringia 25.342.297,38 6,00% 2.106 5,62%
Total 422.329.268,08 100,00% 37.500 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
9.1 Geographical Distribution (Graph) Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
0
10.000.000
20.000.000
30.000.000
40.000.000
50.000.000
60.000.000
70.000.000
80.000.000
90.000.000
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Bala
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Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
10. Object/Vehicle Type Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Vehicle Type
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
New Vehicle 181.529.099,89 42,98% 12.505 33,35%Used Vehicle 240.800.168,19 57,02% 24.995 66,65%
Total 422.329.268,08 100,00% 37.500 100,00%
Object Type
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Car 415.373.850,91 98,35% 36.574 97,53%
Motorbike 3.505.757,38 0,83% 675 1,80%
Leisure 3.379.045,66 0,80% 227 0,61%Trailer 70.614,13 0,02% 24 0,06%
Total 422.329.268,08 100,00% 37.500 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
11. Insurances Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Payment Protection
Insurance
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 109.642.572,41 25,96% 9.569 25,52%Yes 312.686.695,67 74,04% 27.931 74,48%
Total 422.329.268,08 100,00% 37.500 100,00%
Gap Insurance
(Santander Safe)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 288.652.373,25 68,35% 26.371 70,32%Yes 133.676.894,83 31,65% 11.129 29,68%
Total 422.329.268,08 100,00% 37.500 100,00%
Repair Cost Insurance
(Santander AutoCare)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 392.804.206,66 93,01% 34.766 92,71%Yes 29.525.061,42 6,99% 2.734 7,29%
Total 422.329.268,08 100,00% 37.500 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
12. Type of Contract Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Contracts w/Balloon Payments
Current Principal Balance
in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 108.598.933,09 25,71% 15.393 41,05%
Yes 313.730.334,99 74,29% 22.107 58,95%
- of which balloon rates 185.798.399,39 43,99%
- of which regular installments 127.931.935,60 30,29%
Total 422.329.268,08 100,00% 37.500 100,00%
Balloon Loans - Original Term
in months
Balloon Rates
in EUR
Balloon Rates in % of
Total Balloon Rates
Number of Balloon
Loans
Percentage of Total
Balloon Loans
13:25 3.072.956,46 1,65% 334 1,51%
26:38 21.853.308,43 11,76% 2.367 10,71%
39:51 47.761.918,83 25,71% 5.734 25,94%
52:64 112.616.662,27 60,61% 13.638 61,69%
65:72 120.364,50 0,06% 7 0,03%73: 373.188,90 0,20% 27 0,12%
Total 185.798.399,39 100,00% 22.107 100,00%
Balloon Loans - Remaining
Term in months
Balloon Rates
in EUR
Balloon Rates in % of
Total Balloon Rates
Number of Balloon
Loans
Percentage of Total
Balloon Loans
0:12 14.990.338,21 8,07% 1.754 7,93%
13:25 44.775.633,93 24,10% 5.175 23,41%
26:38 73.853.494,64 39,75% 9.059 40,98%
39:51 51.793.743,71 27,88% 6.091 27,55%
52:64 297.453,35 0,16% 21 0,09%65:72 87.735,55 0,05% 7 0,03%
Total 185.798.399,39 100,00% 22.107 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
13. Payment Methods Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Payment Method
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Direct Debit 420.140.546,72 99,48% 37.292 99,45%Other 2.188.721,36 0,52% 208 0,55%
Total 422.329.268,08 100,00% 37.500 100,00%
Cycle of Payment
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
15th of month 186.417.263,82 44,14% 16.574 44,20%1st of month 235.912.004,26 55,86% 20.926 55,80%
Total 422.329.268,08 100,00% 37.500 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
14. Downpayment Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Downpayment
(Ranges in EUR)
Original Principal
Balance in EUR
Percentage of
Total Balance Number of Loans
Percentage of Total
Loans
Downpayment /
Purchase Price in %
No Downpayment 126.940.326,47 30,06% 10.975 29,27% 0,00%
0: 999 12.468.037,84 2,95% 1.448 3,86% 4,61%
1000: 1999 30.917.144,71 7,32% 3.385 9,03% 9,81%
2000: 2999 39.697.232,71 9,40% 3.928 10,47% 14,78%
3000: 3999 34.990.014,52 8,29% 3.265 8,71% 19,01%
4000: 4999 28.565.852,50 6,76% 2.572 6,86% 23,09%
5000: 5999 35.571.232,24 8,42% 2.960 7,89% 25,22%
6000: 6999 20.598.999,09 4,88% 1.750 4,67% 29,30%
7000: 7999 15.350.707,90 3,63% 1.295 3,45% 32,33%
8000: 8999 14.604.706,96 3,46% 1.205 3,21% 34,67%
9000: 9999 8.390.809,68 1,99% 665 1,77% 36,84%
10000:10999 17.547.519,34 4,15% 1.344 3,58% 37,64%
11000:11999 5.323.142,55 1,26% 426 1,14% 41,65%
12000:12999 5.733.299,31 1,36% 445 1,19% 42,68%
13000:13999 4.142.829,09 0,98% 324 0,86% 44,82%
14000:14999 3.255.701,63 0,77% 252 0,67% 46,21%
15000:15000 4.428.769,63 1,05% 324 0,86% 45,60%15001: 13.802.941,91 3,27% 937 2,50% 51,78%
Total 422.329.268,08 100,00% 37.500 100,00% 20,87%
Downpayment and
Purchase Price All Contracts
Contracts with
Downpayment
Average downpayment 3.802,96€ 5.376,47€
Average Purchase Price 18.220,19€ 19.618,41€
Mimimum Downpayment 94,00€
Maximum Downpayment 75.000,00€
Downpayment in % 20,87% 27,41%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
15. Effective Interest Rate Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Yield Range*
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 0 613.904,59 0,15% 42 0,11%
1: 1 64.865.142,91 15,36% 4.571 12,19%
2: 2 139.046.835,86 32,92% 10.750 28,67%
3: 3 161.530.601,45 38,25% 14.493 38,65%
4: 4 39.287.035,13 9,30% 4.802 12,81%
5: 5 11.984.763,18 2,84% 1.927 5,14%
6: 6 3.398.540,64 0,80% 604 1,61%
7: 7 922.738,68 0,22% 175 0,47%
8: 8 540.884,81 0,13% 96 0,26%
9: 9 98.460,52 0,02% 29 0,08%10:10 40.360,31 0,01% 11 0,03%
Total 422.329.268,08 100,00% 37.500 100,00%
Statistics in %
WA Interest 3,38%
*runs from .00 to .99
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
15.1 Effective Interest Rate (Graph) Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
*runs from .00 to .99
0
20.000.000
40.000.000
60.000.000
80.000.000
100.000.000
120.000.000
140.000.000
160.000.000
180.000.000
0: 0 1: 1 2: 2 3: 3 4: 4 5: 5 6: 6 7: 7 8: 8 9: 9 10:10
Cu
rren
t P
rin
cip
al B
ala
nce
Yield Range*
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
16. Seasoning Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Seasoning in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
15:17 67.006.774,97 15,87% 5.541 14,78%
18:20 102.871.012,96 24,36% 8.668 23,11%
21:23 94.091.345,33 22,28% 8.189 21,84%
24:26 70.498.487,64 16,69% 6.226 16,60%
27:29 37.788.283,91 8,95% 3.519 9,38%
30:32 16.718.657,87 3,96% 1.654 4,41%
33:35 13.712.615,75 3,25% 1.400 3,73%
36:38 8.947.581,25 2,12% 919 2,45%
39:41 4.345.686,73 1,03% 473 1,26%
42:44 2.408.279,27 0,57% 280 0,75%
45:47 1.646.114,96 0,39% 223 0,59%
48:50 925.650,38 0,22% 148 0,39%
51:53 533.683,90 0,13% 91 0,24%
54:56 359.313,12 0,09% 61 0,16%
57:59 325.321,65 0,08% 59 0,16%
60:62 115.829,30 0,03% 35 0,09%
63:65 26.043,50 0,01% 7 0,02%
69:71 879,22 0,00% 1 0,00%
72:74 1.810,92 0,00% 2 0,01%
75:77 3.659,66 0,00% 2 0,01%
78:80 1.837,96 0,00% 1 0,00%81: 397,83 0,00% 1 0,00%
Total 422.329.268,08 100,00% 37.500 100,00%
Statistics
WA Seasoning 23,03
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
16.1 Seasoning (Graph) Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
0
20.000.000
40.000.000
60.000.000
80.000.000
100.000.000
120.000.000
15:17 18:20 21:23 24:26 27:29 30:32 33:35 36:38 39:41 42:44 45:47 48:50 51:53 54:56 57:59 60:62 63:65 69:71 72:74 75:77 78:80 81:
Cu
rren
t P
rin
cip
al
Bala
nce
Seasoning in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
17. Remaining Term Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Remaining Term in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 6 6.810.944,80 1,61% 1.693 4,51%
7:13 17.202.666,69 4,07% 2.689 7,17%
14:20 39.571.784,21 9,37% 4.615 12,31%
21:27 51.473.825,27 12,19% 4.950 13,20%
28:34 71.924.576,61 17,03% 6.178 16,47%
35:41 120.406.454,30 28,51% 8.630 23,01%
42:48 66.432.305,61 15,73% 4.684 12,49%
49:55 15.632.404,74 3,70% 1.501 4,00%
56:62 13.773.467,08 3,26% 1.158 3,09%
63:69 18.812.941,79 4,45% 1.383 3,69%
70:76 287.896,98 0,07% 19 0,05%
Total 422.329.268,08 100,00% 37.500 100,00%
Statistics
WA Remaining Term 34,95
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
17.1 Remaining Term (Graph) Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
0
20.000.000
40.000.000
60.000.000
80.000.000
100.000.000
120.000.000
140.000.000
0: 6 7:13 14:20 21:27 28:34 35:41 42:48 49:55 56:62 63:69 70:76
Cu
rren
t P
rin
cip
al
Bala
nce
Remaining Term in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
18. Original Term Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Original Term in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
13:25 4.307.582,52 1,02% 1.316 3,51%
26:38 35.850.430,31 8,49% 4.911 13,10%
39:51 88.164.569,23 20,88% 8.731 23,28%
52:64 236.113.119,96 55,91% 17.372 46,33%
65:77 25.248.423,13 5,98% 2.597 6,93%
78: 32.645.142,93 7,73% 2.573 6,86%
Total 422.329.268,08 100,00% 37.500 100,00%
Statistics
WA Original Term 57,98
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
18.1 Original Term (Graph) Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
0
50.000.000
100.000.000
150.000.000
200.000.000
250.000.000
13:25 26:38 39:51 52:64 65:77 78:
Cu
rren
t P
rin
cip
al
Bala
nce
Original Term in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
19. Manufacturer Brands Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Manufacturer
brands
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
1 53.031.670,48 12,56% 3.789 10,10%
2 47.281.569,63 11,20% 3.666 9,78%
3 41.968.580,76 9,94% 3.172 8,46%
4 40.507.243,37 9,59% 3.860 10,29%
5 37.094.454,82 8,78% 3.514 9,37%
6 35.060.988,40 8,30% 3.823 10,19%
7 21.369.209,27 5,06% 1.699 4,53%
8 18.286.993,12 4,33% 1.483 3,95%
9 17.732.056,00 4,20% 1.685 4,49%
10 16.169.862,33 3,83% 1.460 3,89%
11 16.000.365,59 3,79% 1.060 2,83%
12 13.695.152,70 3,24% 1.303 3,47%
13 8.139.064,11 1,93% 849 2,26%
14 7.969.359,08 1,89% 779 2,08%
15 6.001.634,01 1,42% 683 1,82%
380.308.203,67 90,05% 32.825 87,53%
TOP 15 manufacturer brands in alphabetical order:
Audi, BMW, Fiat, Ford, Hyundai, Kia, Mazda, Mercedes, Nissan, Opel, SEAT (E), Skoda, Suzuki, Volvo, VW
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
20. Priority of Payments + Transaction Costs Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Priority of Payments
Available Distribution Amount 17.870.960,36 €
Senior Expenses - 8.330,00 €
Net Swap Payments - 62.244,98 €
Interest Notes Class A - 8.078,40 €
Interest Notes Class B - 21.945,30 €
Payments to Liquidity Reserve Fund - 3.956.248,86 €
Principal Payments Class A - 12.295.605,30 €
Principal Payments Class B - - €
Payment due to rounding differences - 12,32 €
Payments to Reserve Fund - - € Payments to Commingling Reserve Ledger - n/a
Payments to Set-Off Reserve Ledger - n/a
Swap Termination Payments - n/a
Interest Commingling/Set-Off Reserve - - €
Interest Subordinated Loan - 3.150,44 €
Principal Payments Subordinated Loan - 136.415,00 €
Payments to Seller = 1.378.929,76 €
Transaction Costs All notes Class A Class B Senior Expenses 8.330,00 €-
Interest accrued for the Period 30.023,70 €- 8.078,40 €- 21.945,30 €-
Cumulative Interest accrued 426.645,00 €- 159.885,00 €- 266.760,00 €-
Interest Payments 30.023,70 €- 8.078,40 €- 21.945,30 €-
Cumulative Interest Payments 426.645,00 €- 159.885,00 €- 266.760,00 €-
Interest accrued on Subordinated Loan for the Period 3.150,44 €-
Cumulative Interest accrued on Subordinated Loan 45.751,56 €-
Interest Payments on Subordinated Loan 3.150,44 €-
Cumulative Interest Payments on Subordinated Loan 45.751,56 €-
Unpaid Interest for the Period - €
Cumulative Unpaid Interest - €
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
21.1 Swap Counterparty 1 Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Swap Counterparty Swap Counterparty ABN AMRO
Swap Rating Trigger Breach no
Rating Trigger & Current RatingsConsequenses
Long
Term
Short
TermOutlook
Long Term
(CRA)Long Term Outlook
Trigger
breach
1st Rating Trigger
Collateral, Guarantee
or ReplacementA A3 (cr) A3
no
2nd Rating Trigger
Guarantee or
ReplacementBBB Baa3 (cr) Baa3
no
Current Counterparty Ratings AH R-1M STABLE Aa3(cr) A1 STABLE
Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap ABN AMRO Bank N.V. Old Counterparty ABN AMRO
Notional Amount 197.812.442,85 c/o Operations Markets Treasury & Derivatives Current Counterparty ABN AMRO
Fixed Rate -0,2000% Gustav Mahlerlaan 10
Floating Rate (Euribor) -0,3770% 1082 PP Amsterdam
Net Swap Payments -31.122,49 The Netherlands
Notional Amount next period 191.664.640,20 Phone +31 20 383 1164
Email: [email protected]
Swap CollateralBegining of Period -€
Cash Outflow -€
Cash Inflow -€
End of Period -€
Ratings as of 30.06.2019, data source: Bloomberg
DBRS Moody's
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
21.2 Swap Counterparty 2 Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Swap Counterparty Swap Counterparty DZ Bank AG
Swap Rating Trigger Breach no
Rating Trigger & Current RatingsConsequenses
Long
Term
Short
TermOutlook
Long Term
(CRA)Long Term Outlook
Trigger
breach
1st Rating Trigger
Collateral, Guarantee
or ReplacementA A3 (cr) A3
no
2nd Rating Trigger
Guarantee or
ReplacementBBB Baa3 (cr) Baa3
no
Current Counterparty Ratings AH R-1M POS Aa1(cr) Aa1 STABLE
Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap DZ Bank AG Old Counterparty DZ Bank AG
Notional Amount 197.812.442,85 Kapitalmärkte Handel / ABS-Emissionen Current Counterparty DZ Bank AG
Fixed Rate -0,2000% Platz der Republik
Floating Rate (Euribor) -0,3770% 60265 Frankfurt am Main
Net Swap Payments -31.122,49 Germany
Notional Amount next period 191.664.640,20 Phone +49 69 7447 4341
Email: [email protected]
Swap CollateralBegining of Period -€
Cash Outflow -€
Cash Inflow -€
End of Period -€
Ratings as of 30.06.2019, data source: Bloomberg
DBRS Moody's
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
22. Retention Monthly Period 15.07.2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
599.999.998,18 €
434.624.868,27 €
422.329.268,08 €
5.610.000,00 €
4.092.663,86 €
3.956.248,86 €
39.000.000,00 €
39.000.000,00 €
39.000.000,00 €
7,44%
9,91%
10,17%Net Economic Interest Ratio as of the end of the Monthly Period:
Santander Consumer Bank AG confirms its compliance to have continuously retained a net economic interest in the SC Germany Auto 2018-1 securitisation
transaction of at least 5% of the securitised Purchased Receivables pursuant to Art. 405 of the CRR (Regulation (EU) No 575/2013 of the European Parliament and
of the Council of 26 June 2013) by retaining the regulatory first loss tranche which is represented by the Subordinated Loan of at least 0,935% and by retaining the
regulatory second loss tranche which is represented by the Class B Notes of at least 4,065%.
Outstanding Balance of the Class B Notes as of the Offer Date:
Outstanding Balance of the Class B Notes as of the beginning of the Monthly Period:
Outstanding Balance of the Class B Notes of the end of the Monthly Period:
Net Economic Interest Ratio as of Offer Date:
Net Economic Interest Ratio as of the beginning of the Monthly Period:
Outstanding Principal Balance of Purchased Receivables as of the end of the Monthly Period:
Outstanding Principal Balance of the Subordinated Loan as of the Offer Date:
Outstanding Principal Balance of the Subordinated Loan as of the beginning of the Monthly Period:
Outstanding Principal Balance of the Subordinated Loan as of the end of the Monthly Period:
Outstanding Principal Balance of Purchased Receivables as of the Offer Date:
Outstanding Principal Balance of Purchased Receivables as of the beginning of the Monthly Period:
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 11.07.2019
Monthly Investor Report 15.07.2019
13
23. Counterparties Jul 2019
from 13.06.2019 to 15.07.2019 = 32 days
from 01.06.2019 to 30.06.2019
Long
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
Counterparty
status
Join Lead Managers: Banco Santander S.A. AH R-1M STABLE (P)A2 P-1 STABLE performing
Santander Global Banking and Markets
2 Triton Square
Regent's Place
eMail: [email protected] London NW1 3AN
Phone: +44 20 7756 4309 United Kingdom
UniCredit Bank AG - - - A2 P-1 STABLE performing
Arabellastr. 12eMail: [email protected] 81925 MunichPhone: +49 89 378 12679 Germany
Société Générale S.A. AH R-1M POS A1 P-1 STABLE performing
SG HouseeMail: [email protected] 41 Tower Hill, London EC3N 4SGPhone: +49 69 7174255 United Kingdom
Paying Agent: ABN AMRO Bank N.V. AH R-1M STABLE A1 P-1 STABLE performing
Gustav Mahlerlaan 10eMail: [email protected] 1082 PP AmsterdamPhone: +31 20 628 0708 The Netherlands
Transaction Account: ABN AMRO Bank N.V. AH R-1M STABLE A1 P-1 STABLE performing
Gustav Mahlerlaan 10eMail: [email protected] 1082 PP AmsterdamPhone: +31 (0)20 383204 2 The Netherlands
Transaction Security Trustee: TMF Trustee Limited - - - - - - performing
6 St Andrew Street eMail: [email protected] London EC4A 3AE Phone: +44(0) 207 832 4900 United Kingdom
Data Trustee: TMF Trustee Services GmbH - - - - - - performing
Eschenheimer Anlage 1eMail: [email protected] 60316 Frankfurt am MainPhone: +49 (0) 69 663698 0 Germany
Rating Agencies: DBRS Ratings Ltd. Moody's Deutschland GmbH
Structured Finance Structured Finance Monitoring
1 Minister Court, 10th floor, Mincing Lane An der Welle 5
EC3R 7 AA London 60322 Frankfurt am Main
United Kingom Germany
Ratings as of 30.06.2019, data source: Bloomberg
DBRS Moody's
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
Collection Period
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 11.07.2019
Monthly Investor Report Payment Date 15.07.2019
Period No 13
24. Issuer Information Monthly Period Jul 2019
Interest Period from 13.06.2019 to 15.07.2019 = 32 days
Collection Period from 01.06.2019 to 30.06.2019
Deal Name: SC Germany Auto 2018-1
Issuer: SC Germany Auto 2018-1 UG (haftungsbeschränkt)
The Managing Directors
Steinweg 3-5
60313 Frankfurt am Main
Germany
eMail [email protected]
fax +49 (0) 69 2992 5387
LEI: 5299000W44YCGN76D320
Seller of the Receivables: Santander Consumer Bank AG
Servicer Name: Santander Consumer Bank AG
Reporting Entity: Santander Consumer Bank AG
Capital Markets
Santander-Platz 1
41061 MönchengladbachGermany
eMail [email protected]
fax +49 (0) 2161 690 7077
SPV-Administrator: Wilmington Trust SP Services (Frankfurt) GmbH
Steinweg 3-5
60313 Frankfurt am Main
Germany
eMail [email protected]
fax +49 (0) 69 2992 5387
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 11.07.2019
Monthly Investor Report 15.07.2019
13
25. Santander Consumer Bank Jul 2019
from 13.06.2019 to 15.07.2019 = 32 days
from 01.06.2019 to 30.06.2019
Contact DetailsCapital Markets
Peter René Müller +49-2161-690-7337 [email protected]
Tomasz Osipowicz +49-2161-690-7046 [email protected]
Robert Westermann +49-2161-690-7424 [email protected]
Meral Serin +49-2161-690-7036 [email protected]
Bastian Menges +49-2161-690-7085 [email protected]
Stefan Zilligen +49-2161-690-6069 [email protected]
Team ABS [email protected]
Ratings Santander
Long
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
AH R-1M STABLE (P)A2 P-1 STABLE
- - - A2 P-1 STABLE
- - - - - -
Ratings as of 30.06.2019, data source: Bloomberg
Collection Period
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
Santander Consumer Bank AG
Moody's
Banco Santander S.A.
Santander Consumer Finance S.A.
DBRS
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 11.07.2019
Monthly Investor Report 15.07.2019
13
26. Glossary Jul 2019
from 13.06.2019 to 15.07.2019 = 32 days
from 01.06.2019 to 30.06.2019
Aggregate Outstanding Principal Amount: Shall mean in respect of all Purchased Receivables at any time, the aggregate of the Outstanding Principal Amounts of all Purchased Receivables
which, as of such time, are not defaulted receivables.
Balloon Loan: A loan where the final payment due is higher than any of the previous loan instalments payable by the relevant debtor.
Balloon Payment: The final payment of a balloon loan.
Defaulted Contracts/Defaults: Shall mean as of any date, any purchased receivable which has been declared due and payable in full in accordance to the Credit and Collection Policy
which in principal is between 120 and 180 calendar days after the due date.
Delinquent Receivable: Shall mean as of any date, any purchased receivable which is more than 30 days overdue and not a defaulted contract.
Downpayment: The initial upfront portion of the total net amount due at the time of finalizing the contract.
Excess Spread: Excess Spread equals WA Portfolio Yield minus Fixed Swap Rate minus WA Notes Margin
Gap Insurance: Insurance which covers the risk that loss is incurred if the relevant Financed Vehicle has to be completely written off (total damage) due to fire, accident (irrespective
of whether such accident was caused by the Debtor or a third party), flooding or theft
Legal Maturity: Final Payment date on which all outstanding notes will mature.
Expected Maturity: Maturity date of the notes under the assumption of inter alia (a) a 14% constant prepayment rate, (b) an exercised Clean-Up Call at 10%
and (c) 0% cumulative gross losses.
Leisure: Is composed of motorised and not motorised caravans and campers.
Payment Protection Insurance: Insurance, composed of life insurance and/or accident insurance and/or temporary disability insurance and/or unemployment insurance, which covers
the risk that a Debtor in its capacity as insured person is unable to pay the Loan Instalments owed by such Debtor life insurance
Recoveries: Any amount received on defaulted contracts
Repair Cost Insurance: Insurance which covers repair costs for the repair of certain important components of the Financed Vehicle
Set-Off Reserves (X/Y): Protection against set-off risks due to (X) capitalized service fees (e.g. Payment Protection Insurance, Gap Insurance, Repair Cost Insurance) and (Y) deposits
Used Vehicle Shall mean any Financed Vehicle the date of purchase of which by the relevant debtor was later than 12 months after the date of first registration
of such Financed Vehicle
Collection Period
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach