SC Germany Auto 2014-2 Monthly Investor Report · 2020. 9. 9. · SC Germany Auto 2014-2 Reporting...

SC Germany Auto 2014-2

Monthly Investor Report

SC Germany Auto 2014-2 Reporting Date 09.11.2018

Monthly Investor Report Payment Date 12.11.2018

Period No 50

Cover Sheet Monthly Investor Report Monthly Period Nov 2018

Interest Period from 11.10.2018 to 12.11.2018 = 32 days

Collection Period from 01.10.2018 to 31.10.2018

Index Page

1. Portfolio Information 1

2. Reserve Accounts 2

3. Delinquency Data 3

4. Default Data 4

5. Concentration Limits 5

6. Outstanding Notes 6

7. Original Principal Balance 7

7.1 Original PB (Graph) 8

8. Current Principal Balance 9

8.1 Current PB (Graph) 10

9. Borrower Concentration 11

10. Geographical Distribution 12

10.1 Geographical (Graph) 13

11. Object / Vehicle / Distribution 14

12. Insurances 15

13. Contract Type 16

14. Payment Methods 17

15. Downpayment 18

16. Effective Interest Rate 19

16.1. Effective Interest Rate (Graph) 20

17. Seasoning 21

17.1 Seasoning (Graph) 22

18. Remaining Term 23

18.1 Remaining Term (Graph) 24

19. Original Term 25

19.1 Original Term (Graph) 26

20. Manufacturer Brands 27

21. Priority of Payments + Transaction Costs 28

22. Retention 29

23. Counterparties 30

24. Issuer Information 31

25. Santander Consumer Bank 32

Santander Consumer Bank AG

Santander-Platz 1

41061 Mönchengladbach



Period No 50

1. Portfolio Information Monthly Period Nov 2018



current period previous period

Outstanding ReceivablesNo. of

Contracts

Aggregate Outstanding

Principal Amount

Aggregate Outstanding

Principal Amount

Beginning of Period 351.633 2.883.788.816,01 € 2.999.999.999,83 €

Scheduled Principal Payments 75.018.791,24 €

Prepayment Principal 40.182.948,59 €

Others 2.630.429,16 €

Total Principal Collections 117.832.168,99 € 115.457.200,28 €

Total Interest Collections 12.761.723,72 € 13.003.264,80 €

Defaults 789.737,78 € 753.983,54 €

Replenishment Amount - € - €

End of Period 340.875 2.765.166.909,24 € 2.883.788.816,01 €

Purchase Shortfall Amount 244,26 € 93,99 €

Total Assets (End of Period) 2.765.167.153,50 € 2.883.788.910,00 €

Current Prepayment Rate (annualised) 15,5%


Santander-Platz 1




Period No 50

2. Reserve Accounts Monthly Period Nov 2018



Note BalanceBeginning of Period 2.883.788.910,00 €

End of Period 2.765.167.153,50 €

Reserve AccountsReserve Account in % Trigger Event y/n

Beginning of Period 1,04% 30.000.000,00 €

Cash Outflow - €

Cash Inflow - €

End of Period 1,08% 30.000.000,00 €

Required Reserve Fund 1,08% 30.000.000,00 €

Commingling Reserve in %

Beginning of Period n/a no

Cash Outflow n/a

Cash Inflow n/a

End of Period n/a

Required Commingling Reserve Fund n/a

Set-Off Reserve in %

Beginning of Period n/a no

Cash Outflow n/a

Cash Inflow n/a

End of Period n/a

Required Set-Off Reserve Fund n/a

Current Set-Off Amount n/a

Set-Off Amount (per Loan) n/a

Set-Off Amount (in % of Outstanding Balance) n/a


Santander-Platz 1




Period No 50

3. Delinquency Data Monthly Period Nov 2018




End of Period 2.765.167.153,50 €

Delinquency Data and Ratios3-MRA* /

current ratio Amount at risk Overdue amount

Number of

Loans

3-MRA* 1- 30 days past due 0,22%

1- 30 days past due period before previous period 6.801.960,43 € 585.204,43 € 804

1- 30 days past due previous period 5.368.476,38 € 460.934,54 € 601

1- 30 days past due current period 0,25% 7.168.789,31 € 671.085,04 € 831

3-MRA* 31- 60 days past due 0,20%




3-MRA* 61-90 days past due 0,08%









121- 150 days past due period before previous period 877.367,93 € 128.146,27 € 90


121- 150 days past due current period 0,03% 794.135,25 € 96.869,27 € 88





* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 50

4. Default Data Monthly Period Nov 2018




End of Period 2.765.167.153,50 €

Default Data and Ratios Amount Number of Loans

Current Default

Current Period Gross Default 789.737,78 €

Current Period Recoveries 212.174,58 €

Current Period Net Default 577.563,20 €

New Number of Defaulted Contracts 90

Cumulative Default

Cumulative Gross Default 22.955.083,16 €

Cumulative Recoveries 4.371.208,37 €

Cumulative Net Default 18.583.874,79 €

Total Number of Defaulted Contracts 3.266

3-MRA* /

current ratio Ratio

3-MRA* Annualised Net Default Ratio (New Default) 0,27%

Annualised Loss Ratio period before previous period 0,31%

Annualised Loss Ratio previous period 0,26%

Annualised Loss Ratio current period 0,25% 0,25%

Principal Deficiency Trigger Event y/n

Principal Deficiency period before previous period - € no

Principal Deficiency previous period - €

Principal Deficiency current period - €

PDL Trigger 7.500.000,00 €

Repurchased Assets

Current Repurchased Asset Amount through breach of warranty or voluntary buyback - €

Cumulative Repurchased Asset Amount through breach of warranty or voluntary buyback - €

* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 50

5. Concentration Limits Monthly Period Nov 2018



Current Transaction Status Amortizing

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

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

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

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

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

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

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

Early Amortisation Events Maximum-Trigger Current Value Trigger Breach

Cumulative Loss Ratio

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




Purchase Shortfall Event -

Period before previous period -

Previous period -

Current period -

Principal Deficiency Event -


Santander-Platz 1




Period No 50

6. Outstanding Notes Monthly Period Nov 2018



1. Note Balance All notes Class A Class BGeneral Note Information

ISIN Code XS1107063676 XS1107063593

Currency EUR EUR

Initial Tranching in % 96,50% 3,50%

Legal Maturity Aug 2030 Aug 2030

Expected Maturity Jul 2022 Jul 2022

Original Rating (DBRS / S&P) A(sf) / A(sf) Not rated

Current Rating (DBRS / S&P)* A (high) (sf) / A(sf) Not rated

Initial Notes Aggregate Principal Outstanding Balance 3.000.000.000,00 € 2.895.000.000,00 € 105.000.000,00 €

Initial Nominal per Note 100.000,00 € 100.000,00 €

Initial Number of Notes per Class 28.950 1.050

Current Note Information

Class Principal Outstanding Balance Beginning of Period 2.883.788.910,00 € 2.778.788.910,00 € 105.000.000,00 €

Available Distribution Amount 160.806.161,28 €

Replenishment 0,00 €

Amortisation 118.621.756,50 €

Redemption per Class 118.621.756,50 € 118.621.756,50 € 0,00 €

Redemption per Note 4.097,47 € 0,00 €

Class Principal Outstanding Balance End of Period 2.765.167.153,50 € 2.660.167.153,50 € 105.000.000,00 €

Current Tranching 96,20% 3,80%

Current Pool Factor 0,92 1,00

2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: Fixed 1,209% 2,505%

DayCount Convention act/360 act/360

Interest Days 32

Principal Outstanding per Note Beginning of Period 95.985,80 € 100.000,00 €

> Principal Repayment per Note 4.097,47 € 0,00 €

Principal Outstanding per Note End of Period 91.888,33 € 100.000,00 €

> Interest accrued for the period 2.986.192,50 € 233.803,50 €

Interest Payment 2.986.192,50 € 233.803,50 €

Interest Payment per Note 103,15 € 222,67 €

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

Current CE (incl. Excess Spread) 7,87% 4,07%

Current CE (excl. Excess Spread) 4,88% 1,08%

* Last rating action as of 06.09.2016


Santander-Platz 1




Period No 50

7. Original Principal Balance Monthly Period Nov 2018



Original Principal Balance

(Ranges in EUR)

Original Principal

Balance in EUR

Percentage of

Total Balance Number of Loans

Percentage of Total

Loans

0: 999 36.926,73 0,00% 46 0,01%

1000: 1999 1.426.748,16 0,03% 881 0,26%

2000: 2999 9.045.522,36 0,19% 3.559 1,04%

3000: 3999 26.265.630,72 0,55% 7.479 2,19%

4000: 4999 51.536.483,50 1,09% 11.434 3,35%

5000: 5999 85.660.142,99 1,81% 15.582 4,57%

6000: 6999 114.133.404,54 2,41% 17.513 5,14%

7000: 7999 141.722.488,59 2,99% 18.863 5,53%

8000: 8999 170.497.263,21 3,59% 20.039 5,88%

9000: 9999 194.513.722,66 4,10% 20.446 6,00%

10000:10999 242.395.028,19 5,11% 23.090 6,77%

11000:11999 239.979.101,35 5,06% 20.864 6,12%

12000:12999 245.234.273,56 5,17% 19.618 5,76%

13000:13999 249.606.698,60 5,26% 18.499 5,43%

14000:14999 244.908.448,77 5,16% 16.893 4,96%

15000:15999 249.507.531,96 5,26% 16.103 4,72%

16000:16999 235.976.532,76 4,97% 14.305 4,20%

17000:17999 216.295.013,73 4,56% 12.363 3,63%

18000:18999 204.936.428,64 4,32% 11.086 3,25%

19000:19999 189.031.535,41 3,98% 9.699 2,85%

20000:20999 185.293.564,77 3,91% 9.054 2,66%

21000:21999 176.648.165,23 3,72% 8.219 2,41%

22000:22999 151.069.754,77 3,18% 6.716 1,97%

23000:23999 132.680.627,47 2,80% 5.647 1,66%

24000:24999 121.879.742,77 2,57% 4.977 1,46%

25000:25999 108.305.998,49 2,28% 4.252 1,25%

26000:26999 99.031.081,60 2,09% 3.738 1,10%

27000:27999 87.847.066,38 1,85% 3.195 0,94%

28000:28999 77.555.247,94 1,63% 2.723 0,80%

29000:29999 66.416.151,41 1,40% 2.252 0,66%

30000:30999 57.850.386,37 1,22% 1.899 0,56%

31000:31999 49.890.262,00 1,05% 1.585 0,46%

32000:32999 44.050.501,37 0,93% 1.356 0,40%

33000:33999 36.006.276,16 0,76% 1.075 0,32%

34000:34999 30.594.737,83 0,64% 887 0,26%

35000:35999 26.115.021,62 0,55% 736 0,22%

36000:36999 22.119.583,93 0,47% 606 0,18%

37000:37999 19.903.380,74 0,42% 531 0,16%

38000:38999 17.119.851,19 0,36% 445 0,13%

39000:39999 15.273.637,37 0,32% 387 0,11%

40000:40999 14.586.717,92 0,31% 361 0,11%

41000:41999 9.832.147,49 0,21% 237 0,07%

42000:42999 10.409.665,28 0,22% 245 0,07%

43000:43999 7.133.965,43 0,15% 164 0,05%

44000:44999 7.071.257,18 0,15% 159 0,05%

45000:45999 5.637.093,89 0,12% 124 0,04%

46000:46999 4.884.638,18 0,10% 105 0,03%

47000:47999 4.321.494,88 0,09% 91 0,03%

48000:48999 4.361.647,33 0,09% 90 0,03%

49000:49999 4.056.460,96 0,09% 82 0,02%

50000:50999 3.576.241,95 0,08% 71 0,02%

51000:51999 2.835.958,84 0,06% 55 0,02%

52000:52999 3.148.021,15 0,07% 60 0,02%

53000:53999 2.190.345,29 0,05% 41 0,01%

54000:54999 1.690.221,84 0,04% 31 0,01%

55000:55999 2.105.041,80 0,04% 38 0,01%

56000:56999 2.141.860,21 0,05% 38 0,01%

57000:57999 1.720.704,47 0,04% 30 0,01%

58000:58999 876.746,60 0,02% 15 0,00%

59000:59999 714.422,69 0,02% 12 0,00%

60000:60000 360.000,00 0,01% 6 0,00%60001: 12.650.579,01 0,27% 178 0,05%

Total 4.744.665.198,23 100,00% 340.875 100,00%

Statistics in EUR

Average Amount 13.919,08


Santander-Platz 1




Period No 50

7.1 Original PB (Graph) Monthly Period Nov 2018



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

Ori

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Santander-Platz 1




Period No 50

8. Current Principal Balance Monthly Period Nov 2018



Current Principal Balance

(Ranges in EUR)

Current Principal

Balance in EUR

Percentage of


Percentage of Total

Loans

0: 999 10.718.347,48 0,39% 21.433 6,29%

1000: 1999 39.407.464,76 1,43% 26.207 7,69%

2000: 2999 67.657.244,91 2,45% 27.038 7,93%

3000: 3999 94.390.190,53 3,41% 26.987 7,92%

4000: 4999 120.328.244,98 4,35% 26.760 7,85%

5000: 5999 137.633.870,56 4,98% 25.036 7,34%

6000: 6999 155.953.503,45 5,64% 24.019 7,05%

7000: 7999 165.683.688,25 5,99% 22.124 6,49%

8000: 8999 168.936.586,99 6,11% 19.904 5,84%

9000: 9999 167.099.627,87 6,04% 17.611 5,17%

10000:10999 160.632.182,15 5,81% 15.315 4,49%

11000:11999 153.226.264,12 5,54% 13.341 3,91%

12000:12999 145.058.969,94 5,25% 11.617 3,41%

13000:13999 136.217.375,58 4,93% 10.100 2,96%

14000:14999 124.376.039,56 4,50% 8.586 2,52%

15000:15999 113.037.101,63 4,09% 7.302 2,14%

16000:16999 102.838.502,73 3,72% 6.239 1,83%

17000:17999 91.104.716,67 3,29% 5.211 1,53%

18000:18999 80.814.621,09 2,92% 4.372 1,28%

19000:19999 72.485.949,23 2,62% 3.721 1,09%

20000:20999 61.689.446,73 2,23% 3.010 0,88%

21000:21999 54.714.828,94 1,98% 2.547 0,75%

22000:22999 46.065.004,35 1,67% 2.049 0,60%

23000:23999 42.217.780,64 1,53% 1.798 0,53%

24000:24999 36.285.304,26 1,31% 1.481 0,43%

25000:25999 30.330.923,75 1,10% 1.190 0,35%

26000:26999 25.968.372,50 0,94% 981 0,29%

27000:27999 22.080.061,14 0,80% 803 0,24%

28000:28999 20.033.168,36 0,72% 703 0,21%

29000:29999 16.576.841,49 0,60% 562 0,16%

30000:30999 15.029.874,95 0,54% 493 0,14%

31000:31999 12.309.044,50 0,45% 391 0,11%

32000:32999 10.282.509,02 0,37% 317 0,09%

33000:33999 9.312.207,66 0,34% 278 0,08%

34000:34999 6.997.276,07 0,25% 203 0,06%

35000:35999 7.419.550,51 0,27% 209 0,06%

36000:36999 5.223.347,24 0,19% 143 0,04%

37000:37999 4.418.205,44 0,16% 118 0,03%

38000:38999 4.270.487,37 0,15% 111 0,03%

39000:39999 3.352.900,95 0,12% 85 0,02%

40000:40999 2.469.342,77 0,09% 61 0,02%

41000:41999 2.200.310,32 0,08% 53 0,02%

42000:42999 2.333.656,26 0,08% 55 0,02%

43000:43999 1.655.099,22 0,06% 38 0,01%

44000:44999 1.514.181,64 0,05% 34 0,01%

45000:45999 1.137.769,30 0,04% 25 0,01%

46000:46999 1.208.508,94 0,04% 26 0,01%

47000:47999 1.329.996,39 0,05% 28 0,01%

48000:48999 1.066.760,64 0,04% 22 0,01%

49000:49999 1.039.113,07 0,04% 21 0,01%

50000:50999 707.631,39 0,03% 14 0,00%

51000:51999 514.260,05 0,02% 10 0,00%

52000:52999 420.174,11 0,02% 8 0,00%

53000:53999 640.666,41 0,02% 12 0,00%

54000:54999 434.986,91 0,02% 8 0,00%

55000:55999 389.639,83 0,01% 7 0,00%

56000:56999 394.144,49 0,01% 7 0,00%

57000:57999 230.019,69 0,01% 4 0,00%

58000:58999 174.573,79 0,01% 3 0,00%

59000:59999 59.268,71 0,00% 1 0,00%60001: 3.069.176,96 0,11% 43 0,01%

Total 2.765.166.909,24 100,00% 340.875 100,00%

Statistics in EUR

Average Amount 8.111,97


Santander-Platz 1




Period No 50

8.1 Current PB (Graph) Monthly Period Nov 2018



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

Cu

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Santander-Platz 1




Period No 50

9. Borrower Concentration Monthly Period Nov 2018



No

Current Principal

Balance in EUR

Percentage of

Balance Number of Loans

1 120.709,87 0,0044% 1

2 95.827,25 0,0035% 1

3 95.590,52 0,0035% 1

4 87.708,15 0,0032% 1

5 85.532,96 0,0031% 2

6 82.006,64 0,0030% 1

7 81.917,18 0,0030% 1

8 81.840,19 0,0030% 1

9 79.134,19 0,0029% 2

10 78.982,30 0,0029% 1

11 77.770,49 0,0028% 1

12 77.118,84 0,0028% 1

13 75.948,83 0,0027% 1

14 75.243,58 0,0027% 1

15 75.024,13 0,0027% 1

16 74.358,57 0,0027% 1

17 73.869,82 0,0027% 1

18 73.255,33 0,0026% 1

19 72.972,79 0,0026% 2

20 72.575,70 0,0026% 1

21 71.374,39 0,0026% 1

22 69.617,35 0,0025% 1

23 69.592,80 0,0025% 3

24 67.743,26 0,0024% 1

25 67.682,97 0,0024% 1

1.983.398,10 0,0717% 30


Santander-Platz 1




Period No 50

10. Geographical Distribution Monthly Period Nov 2018



State

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Baden-Wuerttemberg 269.477.657,84 9,75% 31.605 9,27%

Bavaria 266.409.936,95 9,63% 31.065 9,11%

Berlin 54.215.298,15 1,96% 6.735 1,98%

Brandenburg 168.266.786,03 6,09% 21.533 6,32%

Bremen 15.766.451,75 0,57% 1.967 0,58%

Hamburg 28.433.177,80 1,03% 3.572 1,05%

Hesse 158.581.799,22 5,73% 19.247 5,65%

Lower Saxony 291.468.468,38 10,54% 35.909 10,53%

Mecklenburg-Western Pomerania 153.637.419,28 5,56% 19.407 5,69%

North Rhine-Westphalia 509.015.878,34 18,41% 62.853 18,44%

Rhineland-Palatinate 124.023.579,47 4,49% 14.898 4,37%

Saarland 41.234.417,26 1,49% 4.764 1,40%

Saxonia 182.239.917,24 6,59% 24.722 7,25%

Saxony-Anhalt 223.463.289,09 8,08% 28.094 8,24%

Schleswig-Holstein 108.923.242,61 3,94% 13.619 4,00%

Thuringia 164.820.310,89 5,96% 20.253 5,94%

n/a 5.189.278,94 0,19% 632 0,19%

Total 2.765.166.909,24 100,00% 340.875 100,00%


Santander-Platz 1




Period No 50

10.1 Geographical Distribution (Graph) Monthly Period Nov 2018



0

100.000.000

200.000.000

300.000.000

400.000.000

500.000.000

600.000.000

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Santander-Platz 1




Period No 50

11. Object/Vehicle Type Monthly Period Nov 2018



Vehicle Type

Current Principal Balance in

EUR

Percentage of Total


Percentage of Total

Loans

New Vehicle 1.035.307.585,01 37,44% 108.317 31,78%Used Vehicle 1.729.859.324,23 62,56% 232.558 68,22%

Total 2.765.166.909,24 100,00% 340.875 100,00%

Object Type

Current Principal Balance in

EUR

Percentage of Total


Percentage of Total

Loans

Car 2.664.426.710,98 96,36% 325.880 95,60%

Leisure 52.109.500,60 1,88% 4.294 1,26%Motorbike 48.630.697,66 1,76% 10701 3,14%

Total 2.765.166.909,24 100,00% 340.875 100,00%


Santander-Platz 1




Period No 50

12. Insurances Monthly Period Nov 2018



Payment Protection

Insurance

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 791.295.773,40 28,62% 98.462 28,89%Yes 1.973.871.135,84 71,38% 242.413 71,11%

Total 2.765.166.909,24 100,00% 340.875 100,00%

Gap Insurance

(Santander Safe)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 1.791.889.515,84 64,80% 234.610 68,83%Yes 973.277.393,40 35,20% 106.265 31,17%

Total 2.765.166.909,24 100,00% 340.875 100,00%

Repair Cost Insurance

(Santander AutoCare)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 2.498.936.273,63 90,37% 308.222 90,42%Yes 266.230.635,61 9,63% 32.653 9,58%

Total 2.765.166.909,24 100,00% 340.875 100,00%


Santander-Platz 1




Period No 50

13. Type of Contract Monthly Period Nov 2018



Contracts w/Balloon Payments

Current Principal Balance

in EUR

Percentage of Total


Percentage of Total

Loans

No 2.190.937.000,46 79,23% 291.362 85,47%

Yes 574.229.908,78 20,77% 49.513 14,53%

- of which balloon rates 375.440.305,91 13,58%

- of which regular installments 198.789.602,87 7,19%

Total 2.765.166.909,24 100,00% 340.875 100,00%

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

0:12 154.094,26 0,04% 21 0,04%

13:25 2.731.043,25 0,73% 361 0,73%

26:38 24.198.989,44 6,45% 2.993 6,04%

39:51 102.412.533,71 27,28% 12.876 26,01%

52:64 245.407.774,71 65,37% 33.206 67,07%

65:72 307.948,48 0,08% 35 0,07%73: 227.922,06 0,06% 21 0,04%

Total 375.440.305,91 100,00% 49.513 100,00%

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

0:12 113.890.889,71 30,34% 15.902 32,12%

13:25 110.078.011,42 29,32% 14.571 29,43%

26:38 93.724.391,26 24,96% 11.960 24,16%

39:51 42.088.463,46 11,21% 5.215 10,53%

52:64 15.541.336,30 4,14% 1.856 3,75%

65:72 10.467,80 0,00% 3 0,01%73: 106.745,96 0,03% 6 0,01%

Total 375.440.305,91 100,00% 49.513 100,00%


Santander-Platz 1




Period No 50

14. Payment Methods Monthly Period Nov 2018



Payment Method

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Direct Debit 2.739.590.678,98 99,08% 337.137 98,90%Other 25.576.230,26 0,92% 3.738 1,10%

Total 2.765.166.909,24 100,00% 340.875 100,00%

Cycle of Payment

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

15th of month 1.275.739.614,95 46,14% 157.744 46,28%1st of month 1.489.427.294,29 53,86% 183.131 53,72%

Total 2.765.166.909,24 100,00% 340.875 100,00%


Santander-Platz 1




Period No 50

15. Downpayment Monthly Period Nov 2018



Downpayment

(Ranges in EUR)

Original Principal

Balance in EUR

Percentage of


Percentage of Total

Loans

Downpayment /

Purchase Price in %

No Downpayment 1.113.614.831,41 40,27% 122.190 35,85% 0,00%

0: 999 102.722.010,11 3,71% 16.614 4,87% 5,07%

1000: 1999 226.076.853,52 8,18% 33.525 9,83% 10,42%

2000: 2999 246.726.137,36 8,92% 33.786 9,91% 15,96%

3000: 3999 206.385.158,06 7,46% 27.135 7,96% 20,76%

4000: 4999 156.021.389,89 5,64% 20.049 5,88% 25,26%

5000: 5999 178.141.900,26 6,44% 21.794 6,39% 28,43%

6000: 6999 102.197.391,80 3,70% 12.977 3,81% 33,09%

7000: 7999 78.408.888,18 2,84% 9.916 2,91% 36,41%

8000: 8999 65.679.604,21 2,38% 8.318 2,44% 39,40%

9000: 9999 37.655.714,96 1,36% 4.668 1,37% 42,03%

10000:10999 83.308.281,16 3,01% 9.720 2,85% 42,84%

11000:11999 24.879.658,15 0,90% 3.180 0,93% 47,59%

12000:12999 27.281.300,98 0,99% 3.466 1,02% 49,43%

13000:13999 17.778.463,31 0,64% 2.234 0,66% 51,33%

14000:14999 13.386.870,11 0,48% 1.707 0,50% 53,76%

15000:15999 24.691.473,38 0,89% 2.900 0,85% 53,28%

16000:16999 9.298.643,33 0,34% 1.160 0,34% 56,49%

17000:17999 6.466.709,31 0,23% 854 0,25% 58,63%

18000:18999 6.413.802,49 0,23% 829 0,24% 59,29%

19000:19999 3.333.276,82 0,12% 446 0,13% 61,68%

20000:20000 10.377.192,09 0,38% 946 0,28% 54,81%20001: 24.321.358,35 0,88% 2.461 0,72% 63,06%

Total 2.765.166.909,24 100,00% 340.875 100,00% 19,97%

Downpayment and

Purchase Price All Contracts

Contracts with

Downpayment

Average downpayment 3.206,94 € 4.998,82 €

Average Purchase Price 16.062,57 € 17.142,11 €

Mimimum Downpayment 100,00 €

Maximum Downpayment 110.000,00 €

Downpayment in % 19,97% 29,16%


Santander-Platz 1




Period No 50

16. Effective Interest Rate Monthly Period Nov 2018



Yield Range*

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 0 673.469,10 0,02% 66 0,02%

1: 1 99.098.039,84 3,58% 9.212 2,70%

2: 2 317.703.012,45 11,49% 31.727 9,31%

3: 3 1.262.278.755,99 45,65% 127.553 37,42%

4: 4 695.303.037,46 25,15% 97.398 28,57%

5: 5 248.380.826,39 8,98% 45.949 13,48%

6: 6 95.519.288,11 3,45% 18.828 5,52%

7: 7 25.794.636,01 0,93% 5.915 1,74%

8: 8 14.548.034,33 0,53% 2.715 0,80%

9: 9 4.609.302,48 0,17% 1.243 0,36%

10:10 1.057.608,82 0,04% 223 0,07%

11:11 199.295,39 0,01% 44 0,01%

12:12 1.189,58 0,00% 1 0,00%13:13 413,29 0,00% 1 0,00%

Total 2.765.166.909,24 100,00% 340.875 100,00%

Statistics in %

WA Interest 4,25%

*runs from .00 to .99


Santander-Platz 1




Period No 50

16.1 Effective Interest Rate (Graph) Monthly Period Nov 2018



*runs from .00 to .99

0

200.000.000

400.000.000

600.000.000

800.000.000

1.000.000.000

1.200.000.000

1.400.000.000

0: 0 1: 1 2: 2 3: 3 4: 4 5: 5 6: 6 7: 7 8: 8 9: 9 10:10 11:11 12:12 13:13

Cu

rren

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rin

cip

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Bala

nce

Yield Range*


Santander-Platz 1




Period No 50

17. Seasoning Monthly Period Nov 2018



Seasoning in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

3: 5 35.859.414,08 1,30% 2.651 0,78%

6: 8 169.979.008,80 6,15% 13.883 4,07%

9:11 173.778.459,73 6,28% 15.269 4,48%

12:14 230.460.395,28 8,33% 21.780 6,39%

15:17 257.127.828,17 9,30% 26.407 7,75%

18:20 243.488.292,28 8,81% 24.974 7,33%

21:23 169.215.440,12 6,12% 17.308 5,08%

24:26 194.825.896,28 7,05% 21.177 6,21%

27:29 231.536.051,39 8,37% 25.735 7,55%

30:32 143.304.573,53 5,18% 17.044 5,00%

33:35 96.125.579,41 3,48% 11.950 3,51%

36:38 103.652.032,11 3,75% 13.349 3,92%

39:41 110.653.808,84 4,00% 14.531 4,26%

42:44 97.930.016,55 3,54% 14.186 4,16%

45:47 72.649.012,14 2,63% 11.282 3,31%

48:50 72.375.616,00 2,62% 11.465 3,36%

51:53 71.592.142,62 2,59% 12.103 3,55%

54:56 78.452.975,35 2,84% 14.598 4,28%

57:59 55.047.918,44 1,99% 11.125 3,26%

60:62 38.157.451,27 1,38% 7.894 2,32%

63:65 32.045.721,74 1,16% 6.538 1,92%

66:68 23.501.439,03 0,85% 5.247 1,54%

69:71 12.423.414,41 0,45% 2.999 0,88%

72:74 12.708.200,33 0,46% 3.011 0,88%

75:77 11.030.209,71 0,40% 2.728 0,80%

78:80 9.282.448,33 0,34% 2.640 0,77%81: 17.963.563,30 0,65% 9.001 2,64%

Total 2.765.166.909,24 100,00% 340.875 100,00%

Statistics

WA Seasoning 28,59


Santander-Platz 1




Period No 50

17.1 Seasoning (Graph) Monthly Period Nov 2018



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

3: 5 6: 8 9:11 12:14 15:17 18:20 21:23 24:26 27:29 30:32 33:35 36:38 39:41 42:44 45:47 48:50 51:53 54:56 57:59 60:62 63:65 66:68 69:71 72:74 75:77 78:80 81:

Cu

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Seasoning in Months


Santander-Platz 1




Period No 50

18. Remaining Term Monthly Period Nov 2018



Remaining Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 6 84.185.887,29 3,04% 33.812 9,92%

7: 13 143.719.335,58 5,20% 39.417 11,56%

14: 20 202.579.861,60 7,33% 40.000 11,73%

21: 27 231.977.690,24 8,39% 36.725 10,77%

28: 34 321.823.899,83 11,64% 41.903 12,29%

35: 41 284.017.719,84 10,27% 31.770 9,32%

42: 48 292.481.890,17 10,58% 30.088 8,83%

49: 55 269.941.767,68 9,76% 23.456 6,88%

56: 62 194.874.255,07 7,05% 15.961 4,68%

63: 69 217.381.001,58 7,86% 15.801 4,64%

70: 76 209.364.367,31 7,57% 13.769 4,04%

77: 83 175.416.497,39 6,34% 10.680 3,13%

84: 90 118.665.507,33 4,29% 6.593 1,93%

91: 97 14.832.366,09 0,54% 736 0,22%

98:104 3.820.014,61 0,14% 159 0,05%105:107 84.847,63 0,00% 5 0,00%

Total 2.765.166.909,24 100,00% 340.875 100,00%

Statistics

WA Remaining Term 45,58


Santander-Platz 1




Period No 50

18.1 Remaining Term (Graph) Monthly Period Nov 2018



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

350.000.000

0: 6 7: 13 14: 20 21: 27 28: 34 35: 41 42: 48 49: 55 56: 62 63: 69 70: 76 77: 83 84: 90 91: 97 98:104 105:107

Cu

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Remaining Term in Months


Santander-Platz 1




Period No 50

19. Original Term Monthly Period Nov 2018



Original Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 12 695.691,17 0,03% 491 0,14%

13: 25 21.691.806,39 0,78% 9.328 2,74%

26: 38 116.267.351,69 4,20% 27.807 8,16%

39: 51 308.619.035,63 11,16% 48.510 14,23%

52: 64 723.847.784,91 26,18% 90.378 26,51%

65: 77 330.566.996,09 11,95% 45.213 13,26%

78: 90 381.475.305,37 13,80% 35.765 10,49%

91:103 850.077.645,56 30,74% 81.312 23,85%

104:116 6.139.735,72 0,22% 537 0,16%

117:119 2.663.352,60 0,10% 147 0,04%

120: 23.122.204,11 0,84% 1.387 0,41%

Total 2.765.166.909,24 100,00% 340.875 100,00%

Statistics

WA Original Term 74,17


Santander-Platz 1




Period No 50

19.1 Original Term (Graph) Monthly Period Nov 2018



0

100.000.000

200.000.000

300.000.000

400.000.000

500.000.000

600.000.000

700.000.000

800.000.000

900.000.000

0: 12 13: 25 26: 38 39: 51 52: 64 65: 77 78: 90 91:103 104:116 117:119 120:

Cu

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Original Term in Months


Santander-Platz 1




Period No 50

20. Manufacturer Brands Monthly Period Nov 2018



Manufacturer

brands

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

1 288.364.963,10 10,43% 35.916 10,54%

2 269.628.680,81 9,75% 28.365 8,32%

3 247.644.285,27 8,96% 31.773 9,32%

4 244.052.160,87 8,83% 34.791 10,21%

5 227.548.368,05 8,23% 26.251 7,70%

6 189.118.728,32 6,84% 18.961 5,56%

7 117.403.668,34 4,25% 11.988 3,52%

8 116.327.507,31 4,21% 12.565 3,69%

9 114.660.770,51 4,15% 14.720 4,32%

10 109.925.731,69 3,98% 12.238 3,59%

11 86.867.236,73 3,14% 10.892 3,20%

12 72.359.647,28 2,62% 8.643 2,54%

13 67.619.831,21 2,45% 7.976 2,34%

14 64.473.827,24 2,33% 9.888 2,90%

15 58.419.390,76 2,11% 8.851 2,60%

2.274.414.797,49 82,25% 273.818 80,33%

TOP 15 manufacturer brands in alphabetical order:

Audi, BMW, Citroen, Fiat, Ford, Hyundai, Kia, Mazda, Mercedes, Nissan, Opel, Renault, SEAT (E), Skoda, VW


Santander-Platz 1




Period No 50

21. Priority of Payments + Transaction Costs Monthly Period Nov 2018



Priority of Payments

Available Distribution Amount 160.806.161,28 €

Senior Expenses - 53.206,67 €

Interest Notes Class A - 2.986.192,50 €

Interest Notes Class B - 233.803,50 €

Replenishment - - €

Payments to Purchase Shortfall Account - 244,26 €

Payments to Reserve Fund - 30.000.000,00 €

Principal Payments Class A - 118.621.756,50 €

Principal Payments Class B - - €

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

Interest Subordinated Loan - 76.133,33 €

Principal Payments Subordinated Loan - - €

Payments to Seller = 8.834.824,52 €

Transaction Costs All notes Class A Class B Senior Expenses 53.206,67 €-

Interest accrued for the Period 3.219.996,00 €- 2.986.192,50 €- 233.803,50 €-

Cumulative Interest accrued 158.239.236,00 €- 147.170.220,00 €- 11.069.016,00 €-

Interest Payments 3.219.996,00 €- 2.986.192,50 €- 233.803,50 €-

Cumulative Interest Payments 158.239.236,00 €- 147.170.220,00 €- 11.069.016,00 €-

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

Cumulative Interest accrued on Subordinated Loan 3.604.437,52 €-

Interest Payments on Subordinated Loan 76.133,33 €-

Cumulative Interest Payments on Subordinated Loan 3.604.437,52 €-

Unpaid Interest for the Period - €

Cumulative Unpaid Interest - €


Santander-Platz 1




Period No 50

22. Retention Monthly Period 12.11.2018



2.999.999.999,91 €

2.883.788.816,01 €

2.765.166.909,24 €

30.000.000,00 €

30.000.000,00 €

30.000.000,00 €

105.000.000,00 €

105.000.000,00 €

105.000.000,00 €

Outstanding Balance of the Class A Notes as of the Offer Date: 2.895.000.000,00 €

Outstanding Balance of the Class A Notes as of the beginning of the Monthly Period: 2.778.788.910,00 €

Outstanding Balance of the Class A Notes of the end of the Monthly Period: 2.660.167.153,50 €

101,00%

101,04%

101,08%Net Economic Interest Ratio as of the end of the Monthly Period:

Santander Consumer Bank AG confirms its compliance to have continuously retained a net economic interest in the SC Germany Auto 2014-2 securitisation transaction of at least 5% of the

securitised Purchased Receivables pursuant to Art. 405 of the CRR (Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013) by retaining the regulatory first

loss tranche which is represented by the Subordinated Loan of at least 1% and by retaining the regulatory second loss tranche which is represented by the Class B Notes of at least 3,5% and the

third loss tranche which is represented by the Class A Notes of at least 0,5%.

Outstanding Balance of the Class B Notes as of the Offer Date:

Outstanding Balance of the Class B Notes as of the beginning of the Monthly Period:

Outstanding Balance of the Class B Notes of the end of the Monthly Period:

Net Economic Interest Ratio as of Offer Date:

Net Economic Interest Ratio as of the beginning of the Monthly Period:

Outstanding Principal Balance of Purchased Receivables as of the end of the Monthly Period:

Outstanding Principal Balance of the Subordinated Loan as of the Offer Date:

Outstanding Principal Balance of the Subordinated Loan as of the beginning of the Monthly Period:

Outstanding Principal Balance of the Subordinated Loan as of the end of the Monthly Period:

Outstanding Principal Balance of Purchased Receivables as of the Offer Date:

Outstanding Principal Balance of Purchased Receivables as of the beginning of the Monthly Period:


Santander-Platz 1


SC Germany Auto 2014-2 09.11.2018

Monthly Investor Report 12.11.2018

50

23. Counterparties Nov 2018

from 11.10.2018 to 12.11.2018 = 32 days

from 01.10.2018 to 31.10.2018

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

Counterpart

y status

Calculation Agent, Cash Administrator:Wilmington Trust SP Services (Frankfurt) GmbH

- - - - - -performing

Steinweg 3-5eMail: [email protected] 60313 Frankfurt am Main

Phone: +49 (0)69 9288 49512 Germany

Account Bank and Principal Paying Agent: BNP Paribas Securities Services - - - A A-1 POS performing

33, rue de GaspericheMail: [email protected] L-5826 Hesperange

Phone: +34 91 7625101 The Grand Duchy of Luxembourg

Transaction Security Trustee: Circumference FS (Netherlands) B.V. - - - - - - performing

Barbara Strozzilaan 101eMail: [email protected] 1083 HN Amsterdam

Phone: +31 20 205 0132 The Netherlands

Data Trustee: Circumference FS (Luxembourg) S.A. - - - - - - performing

52-54 Avenue Du X SeptembreeMail: [email protected] L-2550 Luxembourg

Phone: + 352 2602 4945 The Grand Duchy of Luxembourg

Rating Agencies: DBRS Ratings Ltd. Standard & Poor's Ratings Services

Structured Finance Structured Finance

1 Minister Court, 10th floor, Mincing Lane 20 Canada Square

EC3R 7 AA London E14 5LH London

United Kingom United Kingdom

Ratings as of 31.10.2018, data source: Bloomberg

DBRS S & P

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period

Collection Period


Santander-Platz 1


mailto:[email protected]






Period No 50

24. Issuer Information Monthly Period Nov 2018



Deal Name: SC Germany Auto 2014-2

Issuer: SC Germany Auto 2014-2 UG (haftungsbeschränkt)

The Managing Directors

Steinweg 3-5

60313 Frankfurt am Main

Germany

eMail [email protected]

fax +49 (0) 69 2992 5387

Seller of the Receivables: Santander Consumer Bank AG

Servicer Name: Santander Consumer Bank AG

Reporting Entity: Santander Consumer Bank AG

Capital Markets

Santander-Platz 1

41061 MönchengladbachGermany


fax +49 (0) 2161 690 7077

SPV-Administrator: Wilmington Trust SP Services (Frankfurt) GmbH

Steinweg 3-5

60313 Frankfurt am Main

Germany


fax +49 (0) 69 2992 5387


Santander-Platz 1


SC Germany Auto 2014-2 09.11.2018

Monthly Investor Report 12.11.2018

50

25. Santander Consumer Bank Nov 2018

from 11.10.2018 to 12.11.2018 = 32 days

from 01.10.2018 to 31.10.2018

Contact DetailsCapital Markets

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

Ralf Schüring +49-2161-690-5464 [email protected]

Bastian Menges +49-2161-690-7085 [email protected]

Stefan Zilligen +49-2161-690-6069 [email protected]

Tobias Daners +49-2161-690-7410 [email protected]

Team ABS [email protected]

Ratings Santander

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

AH R-1M STABLE A A-1 STABLE

- - - A- A-2 STABLE

- - - A- A-2 STABLE

Ratings as of 31.10.2018, data source: Bloomberg

Collection Period

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period


S & P

Banco Santander S.A.

Santander Consumer Finance S.A.

DBRS


Santander-Platz 1






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