SC Germany Vehicles 2015-1 Monthly Investor Report€¦ · SC Germany Vehicles 2015-1 Reporting...

SC Germany Vehicles 2015-1

Monthly Investor Report

SC Germany Vehicles 2015-1 Reporting Date 08.10.2019

Monthly Investor Report Payment Date 11.10.2019

Period No 54

Cover Sheet Monthly Investor Report Monthly Period Okt 2019

Interest Period from 11.09.2019 to 11.10.2019 = 30 days

Collection Period from 01.09.2019 to 30.09.2019

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 Type 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 33

Santander Consumer Bank AG

Santander-Platz 1

41061 Mönchengladbach



Period No 54

1. Portfolio Information Monthly Period Okt 2019



current period previous period

Outstanding ReceivablesNo. of

Contracts

Aggregate Outstanding

Principal Amount

Aggregate Outstanding

Principal Amount

Beginning of Period 35.730 305.778.905,95 € 323.357.650,91 €

Scheduled Principal Payments 12.347.223,36 €

Prepayment Principal 4.145.243,40 €

Others 136.579,82 €

Total Principal Collections 16.629.046,58 € 17.382.945,70 €

Total Interest Collections 1.255.942,81 € 1.304.854,93 €

Defaults 270.212,92 € 195.799,26 €

Replenishment - € - €

End of Period 34.245 288.879.646,45 € 305.778.905,95 €

Purchase Shortfall Account 12,45 € 62,30 €

Total Assets (End of Period) 288.879.658,90 € 305.778.968,25 €

Current Prepayment Rate (annualised) 15,1%


Santander-Platz 1




Period No 54

2. Reserve Accounts Monthly Period Okt 2019



Note BalanceBeginning of Period 305.778.968,25 €

End of Period 288.879.658,90 €

Reserve AccountsReserve Account in % Trigger Event y/n

Beginning of Period 2,29% 7.000.000,00 €

Cash Outflow - €

Cash Inflow - €

End of Period 2,42% 7.000.000,00 €

Required Reserve Fund 2,42% 7.000.000,00 €

Commingling Reserve in % no

Beginning of Period n/a

Cash Outflow n/a

Cash Inflow n/a

End of Period n/a

Required Commingling Reserve Fund n/a

Set-Off Reserve in % no

Beginning of Period n/a

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 54

3. Delinquency Data Monthly Period Okt 2019




End of Period 288.879.658,90 €

Delinquency Data and Ratios3-MRA* /

current ratio Amount at risk Overdue amount

Number of

Loans

3-MRA* 1- 30 days past due 0,57%

1- 30 days past due period before previous period 1.931.758,86 € 463.524,84 € 209

1- 30 days past due previous period 1.931.936,65 € 344.811,85 € 207

1- 30 days past due current period 0,44% 1.338.509,66 € 295.671,45 € 177

3-MRA* 31- 60 days past due 0,43%

31- 60 days past due period before previous period 1.389.417,35 € 156.422,36 € 142

31- 60 days past due previous period 1.231.008,12 € 205.849,04 € 141

31- 60 days past due current period 0,45% 1.366.198,94 € 192.388,53 € 149

3-MRA* 61-90 days past due 0,21%

61- 90 days past due period before previous period 743.644,51 € 85.620,99 € 69

61- 90 days past due previous period 608.273,08 € 126.657,43 € 62

61- 90 days past due current period 0,17% 533.753,09 € 101.610,05 € 60













* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 54

4. Default Data Monthly Period Okt 2019




End of Period 288.879.658,90 €

Default Data and Ratios Amount Number of Loans

Current Default

Current Period Gross Default 270.212,92 €

Current Period Recoveries 39.623,46 €

Current Period Net Default 230.589,46 €

New Number of Defaulted Contracts 27

Cumulative Default

Cumulative Gross Default 13.850.347,19 €

Cumulative Recoveries 1.942.499,25 €

Cumulative Net Default 11.907.847,94 €

Total Number of Defaulted Contracts 1.646

3-MRA* /

current ratio Ratio

3-MRA* Annualised Net Default Ratio (New Default) 0,60%

Annualised Loss Ratio period before previous period 0,24%

Annualised Loss Ratio previous period 0,59%

Annualised Loss Ratio current period 0,96% 0,96%

Principal Deficiency Trigger Event y/n

Principal Deficiency period before previous period - € no

Principal Deficiency previous period - €

Principal Deficiency current period - €

PDL Trigger 2.500.000,00 €

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 54

5. Concentration Limits Monthly Period Okt 2019



Current Transaction Status Amortizing

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

New Vehicles (applicable for Replenishment Portfolio) 47,00% - - -

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

Contracts with Balloon Rates (applicable for Total Portfolio) - 45,00% - -

Remaining Term (applicable for Total Portfolio) - 55,00 - -

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

Early Amortisation Events Maximum-Trigger Current Value Trigger Breach

Cumulative Loss Ratio

- prior to or on 31 March 2016 0,75% - -



Purchase Shortfall Event -

Period before previous period -

Previous period -

Current period -

Principal Deficiency Event - -

Restructured Loans Ratio 8,00% - -

Total Sold Receivables € 1.602.286.249,80


Santander-Platz 1




Period No 54

6. Outstanding Notes Monthly Period Okt 2019



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

ISIN Code XS1217133815 XS1217140356

Currency EUR EUR

Initial Tranching in % 90,5% 9,5%

Legal Maturity Nov 2030 Nov 2030

Expected Maturity Sep 2021 Sep 2021

Original Rating (Fitch / S&P) Asf / A (sf) NR / NR

Current Rating (Fitch / S&P)* A+sf / A+ (sf) NR / NR

Initial Notes Aggregate Principal Outstanding Balance 700.000.000,00 € 633.500.000,00 € 66.500.000,00 €

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

Initial Number of Notes per Class 6.335 665

Current Note Information

Class Principal Outstanding Balance Beginning of Period 305.778.968,25 € 239.278.968,25 € 66.500.000,00 €

Available Distribution Amount 24.924.675,15 €

Replenishment 0,00 €

Amortisation 16.899.309,35 €

Redemption per Class 16.899.309,35 € 16.899.309,35 € 0,00 €

Redemption per Note 2.667,61 € 0,00 €

Class Principal Outstanding Balance End of Period 288.879.658,90 € 222.379.658,90 € 66.500.000,00 €

Current Tranching 77,0% 23,0%

Current Pool Factor 0,35 1,00

2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: Fixed 0,978% 2,167%

DayCount Convention act/360 act/360

Interest Days 30

Principal Outstanding per Note Beginning of Period 37.770,95 € 100.000,00 €

> Principal Repayment per Note 2.667,61 € 0,00 €

Principal Outstanding per Note End of Period 35.103,34 € 100.000,00 €

> Interest accrued for the period 194.991,30 € 120.085,70 €

Interest Payment 194.991,30 € 120.085,70 €

Interest Payment per Note 30,78 € 180,58 €

3. Credit Enhancements Class A Class B Initial total CE (Subordination, Reserve) 10,50% 1,00%

Current CE (incl. Excess Spread) 28,38% 5,36%

Current CE (excl. Excess Spread) 25,44% 2,42%

* Last rating action as of 03.12.2018


Santander-Platz 1




Period No 54

7. Original Principal Balance Monthly Period Okt 2019



Original Principal Balance

(Ranges in EUR)

Original Principal

Balance in EUR

Percentage of

Total Balance Number of Loans

Percentage of Total

Loans

0: 1999 37.548,64 0,01% 24 0,07%

2000: 3999 1.180.464,51 0,18% 364 1,06%

4000: 5999 6.089.418,74 0,92% 1.194 3,49%

6000: 7999 13.480.090,58 2,04% 1.908 5,57%

8000: 9999 22.556.951,41 3,41% 2.496 7,29%

10000:11999 33.752.198,50 5,10% 3.083 9,00%

12000:13999 41.262.859,30 6,23% 3.172 9,26%

14000:15999 47.757.850,32 7,21% 3.180 9,29%

16000:17999 48.428.102,11 7,31% 2.853 8,33%

18000:19999 50.177.799,23 7,58% 2.639 7,71%

20000:21999 53.873.637,83 8,14% 2.573 7,51%

22000:23999 47.019.032,16 7,10% 2.049 5,98%

24000:25999 42.687.623,98 6,45% 1.709 4,99%

26000:27999 37.507.378,19 5,66% 1.391 4,06%

28000:29999 30.045.157,34 4,54% 1.036 3,03%

30000:31999 30.943.450,36 4,67% 999 2,92%

32000:33999 22.649.233,95 3,42% 687 2,01%

34000:35999 16.475.144,94 2,49% 471 1,38%

36000:37999 16.351.289,01 2,47% 443 1,29%

38000:39999 12.428.046,33 1,88% 319 0,93%

40000:41999 12.053.974,73 1,82% 295 0,86%

42000:43999 8.634.326,38 1,30% 201 0,59%

44000:45999 7.876.872,63 1,19% 175 0,51%

46000:47999 6.911.033,94 1,04% 147 0,43%

48000:49999 6.350.328,91 0,96% 130 0,38%

50000:51999 6.011.360,74 0,91% 118 0,34%

52000:53999 4.644.283,34 0,70% 88 0,26%

54000:55999 3.962.162,77 0,60% 72 0,21%

56000:57999 3.983.962,33 0,60% 70 0,20%

58000:59999 2.770.744,72 0,42% 47 0,14%

60000:61999 2.433.907,86 0,37% 40 0,12%

62000:63999 2.265.984,79 0,34% 36 0,11%

64000:65999 1.948.793,38 0,29% 30 0,09%

66000:67999 1.808.876,91 0,27% 27 0,08%

68000:69999 1.587.729,24 0,24% 23 0,07%

70000:70000 140.000,00 0,02% 2 0,01%70001: 14.048.768,42 2,12% 154 0,45%

Total 662.136.388,52 100,00% 34.245 100,00%

Statistics in EUR

Average Amount 19.335,27


Santander-Platz 1




Period No 54

7.1 Original PB (Graph) Monthly Period Okt 2019



0

10.000.000

20.000.000

30.000.000

40.000.000

50.000.000

60.000.000

Ori

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Santander-Platz 1




Period No 54

8. Current Principal Balance Monthly Period Okt 2019



Current Principal Balance

(Ranges in EUR)

Current Principal

Balance in EUR

Percentage of Total

Balance Number of Loans

Percentage of Total

Loans

0: 1999 5.671.155,92 1,96% 5.553 16,22%

2000: 3999 16.108.244,15 5,58% 5.406 15,79%

4000: 5999 24.147.129,00 8,36% 4.850 14,16%

6000: 7999 29.875.379,83 10,34% 4.285 12,51%

8000: 9999 30.809.238,19 10,67% 3.441 10,05%

10000:11999 30.061.694,61 10,41% 2.740 8,00%

12000:13999 26.369.374,42 9,13% 2.035 5,94%

14000:15999 22.790.129,11 7,89% 1.524 4,45%

16000:17999 20.089.939,64 6,95% 1.185 3,46%

18000:19999 15.226.806,94 5,27% 804 2,35%

20000:21999 12.682.241,93 4,39% 606 1,77%

22000:23999 9.769.624,78 3,38% 426 1,24%

24000:25999 8.400.587,41 2,91% 337 0,98%

26000:27999 5.961.293,25 2,06% 221 0,65%

28000:29999 5.212.988,91 1,80% 180 0,53%

30000:31999 4.642.691,86 1,61% 150 0,44%

32000:33999 3.231.066,48 1,12% 98 0,29%

34000:35999 3.172.108,28 1,10% 91 0,27%

36000:37999 2.729.597,01 0,94% 74 0,22%

38000:39999 1.635.705,50 0,57% 42 0,12%

40000:41999 1.479.338,15 0,51% 36 0,11%

42000:43999 1.243.672,78 0,43% 29 0,08%

44000:45999 897.385,33 0,31% 20 0,06%

46000:47999 938.466,33 0,32% 20 0,06%

48000:49999 590.798,73 0,20% 12 0,04%

50000:51999 612.334,61 0,21% 12 0,04%

52000:53999 740.483,99 0,26% 14 0,04%

54000:55999 329.639,08 0,11% 6 0,02%

56000:57999 286.570,54 0,10% 5 0,01%

58000:59999 294.146,10 0,10% 5 0,01%

60000:61999 303.630,82 0,11% 5 0,01%

62000:63999 378.474,98 0,13% 6 0,02%

64000:65999 131.357,32 0,05% 2 0,01%

66000:67999 470.659,64 0,16% 7 0,02%

68000:69999 138.030,72 0,05% 2 0,01%70001: 1.457.660,11 0,50% 16 0,05%

Total 288.879.646,45 100,00% 34.245 100,00%

Statistics in EUR

Average Amount 8.435,67


Santander-Platz 1




Period No 54

8.1 Current PB (Graph) Monthly Period Okt 2019



0

5.000.000

10.000.000

15.000.000

20.000.000

25.000.000

30.000.000

35.000.000

Cu

rre

nt

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nc

ipa

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ala

nc

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Santander-Platz 1




Period No 54

9. Borrower Concentration Monthly Period Okt 2019



No

Current Principal

Balance in EUR

Percentage of


1 135.589,82 0,0469% 1

2 113.158,07 0,0392% 1

3 103.792,17 0,0359% 1

4 99.285,08 0,0344% 1

5 92.263,64 0,0319% 1

6 90.061,67 0,0312% 1

7 88.977,87 0,0308% 1

8 86.957,02 0,0301% 1

9 86.484,78 0,0299% 1

10 81.737,66 0,0283% 1

11 81.599,10 0,0282% 1

12 81.192,34 0,0281% 1

13 80.997,51 0,0280% 1

14 80.011,55 0,0277% 1

15 78.793,55 0,0273% 2

16 78.440,48 0,0272% 3

17 77.894,47 0,0270% 1

18 77.657,36 0,0269% 1

19 77.480,28 0,0268% 2

20 73.340,67 0,0254% 5

21 69.797,26 0,0242% 1

22 68.820,26 0,0238% 2

23 68.233,46 0,0236% 1

24 67.916,68 0,0235% 1

25 67.694,06 0,0234% 2

Total 2.108.176,81 0,7298% 35


Santander-Platz 1




Period No 54

10. Geographical Distribution Monthly Period Okt 2019



State

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Baden-Wuerttemberg 23.823.215,01 8,25% 2.635 7,69%

Bavaria 26.934.320,62 9,32% 3.089 9,02%

Berlin 9.931.952,26 3,44% 1.284 3,75%

Brandenburg 22.155.338,00 7,67% 2.653 7,75%

Bremen 1.569.406,79 0,54% 189 0,55%

Hamburg 4.986.719,39 1,73% 550 1,61%

Hesse 17.622.228,01 6,10% 2.126 6,21%

Lower Saxony 28.122.826,28 9,74% 3.336 9,74%

Mecklenburg-Western Pomerania17.440.445,77 6,04% 2.032 5,93%

North Rhine-Westphalia 52.530.749,96 18,18% 6.289 18,36%

Rhineland-Palatinate 12.469.131,96 4,32% 1.404 4,10%

Saarland 3.756.731,98 1,30% 417 1,22%

Saxonia 21.854.002,26 7,57% 2.809 8,20%

Saxony-Anhalt 16.743.397,64 5,80% 2.028 5,92%

Schleswig-Holstein 12.979.527,89 4,49% 1.497 4,37%

Thuringia 14.837.282,73 5,14% 1.767 5,16%

n/a 1.122.369,90 0,39% 140 0,41%

Total 288.879.646,45 100,00% 34.245 100,00%


Santander-Platz 1




Period No 54

10.1 Geographical Distribution (Graph) Monthly Period Okt 2019



0

10.000.000

20.000.000

30.000.000

40.000.000

50.000.000

60.000.000

Cu

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Santander-Platz 1




Period No 54

11. Object/Vehicle Type Monthly Period Okt 2019



Vehicle Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

New Vehicle 146.919.792,70 50,86% 15.469 45,17%Used Vehicle 141.959.853,75 49,14% 18.776 54,83%

Total 288.879.646,45 100,00% 34.245 100,00%

Object Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Car 267.525.359,71 92,61% 32.056 93,61%

Leisure 16.831.282,93 5,83% 1.039 3,03%Motorbike 4.523.003,81 1,57% 1150 3,36%

Total 288.879.646,45 100,00% 34.245 100,00%


Santander-Platz 1




Period No 54

12. Insurances Monthly Period Okt 2019



Payment Protection

Insurance

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 156.238.086,32 54,08% 17.718 51,74%Yes 132.641.560,13 45,92% 16.527 48,26%

Total 288.879.646,45 100,00% 34.245 100,00%

Gap Insurance

(Santander Safe)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 210.348.240,40 72,82% 25.772 75,26%Yes 78.531.406,05 27,18% 8.473 24,74%

Total 288.879.646,45 100,00% 34.245 100,00%

Repair Cost Insurance

(Santander AutoCare)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 268.146.609,91 92,82% 31.633 92,37%Yes 20.733.036,54 7,18% 2.612 7,63%

Total 288.879.646,45 100,00% 34.245 100,00%


Santander-Platz 1




Period No 54

13. Type of Contract Monthly Period Okt 2019



Contracts w/Balloon Payments

Current Principal Balance

in EUR

Percentage of Total


Percentage of Total

Loans

No 216.766.322,55 75,04% 28.735 83,91%

Yes 72.113.323,90 24,96% 5.510 16,09%

- of which balloon rates 56.659.659,87 19,61%

- of which regular installments 15.453.664,03 5,35%

Total 288.879.646,45 100,00% 34.245 100,00%

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

13:25 747,21 0,00% 1 0,02%

26:38 1.887.127,49 3,33% 162 2,94%

39:51 19.798.930,39 34,94% 1.793 32,54%

52:64 34.759.778,46 61,35% 3.542 64,28%

65:72 113.940,70 0,20% 7 0,13%73: 99.135,62 0,17% 5 0,09%

Total 56.659.659,87 100,00% 5.510 100,00%

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 35.322.249,98 62,34% 3.435 62,34%

13:25 19.015.588,86 33,56% 1.854 33,65%

26:38 2.304.671,03 4,07% 220 3,99%39:51 17.150,00 0,03% 1 0,02%

Total 56.659.659,87 100,00% 5.510 100,00%


Santander-Platz 1




Period No 54

14. Payment Methods Monthly Period Okt 2019



Payment Method

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Direct Debit 280.328.311,84 97,04% 33.275 97,17%Other 8.551.334,61 2,96% 970 2,83%

Total 288.879.646,45 100,00% 34.245 100,00%

Cycle of Payment

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

15th of month 153.283.249,42 53,06% 18.227 53,23%1st of month 135.596.397,03 46,94% 16.018 46,77%

Total 288.879.646,45 100,00% 34.245 100,00%


Santander-Platz 1




Period No 54

15. Downpayment Monthly Period Okt 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 92.188.475,20 31,91% 10.473 30,58% 0,00%

0: 999 2.751.999,84 0,95% 554 1,62% 5,08%

1000: 1999 10.035.107,20 3,47% 2.082 6,08% 10,94%

2000: 2999 18.197.016,55 6,30% 3.232 9,44% 15,09%

3000: 3999 23.090.082,58 7,99% 3.481 10,16% 17,32%

4000: 4999 21.372.250,65 7,40% 2.686 7,84% 18,75%

5000: 5999 27.051.118,96 9,36% 3.100 9,05% 20,96%

6000: 6999 14.103.340,72 4,88% 1.486 4,34% 23,23%

7000: 7999 10.882.826,73 3,77% 1.136 3,32% 25,91%

8000: 8999 9.756.676,87 3,38% 1.004 2,93% 28,07%

9000: 9999 5.278.205,10 1,83% 506 1,48% 29,62%

10000:10999 15.693.180,10 5,43% 1.500 4,38% 30,70%

11000:11999 4.081.203,14 1,41% 354 1,03% 31,84%

12000:12999 4.304.314,88 1,49% 381 1,11% 34,46%

13000:13999 2.980.280,30 1,03% 276 0,81% 37,29%

14000:14999 2.526.709,43 0,87% 229 0,67% 38,32%

15000:15000 4.436.260,53 1,54% 390 1,14% 37,53%15001: 20.150.597,67 6,98% 1.375 4,02% 42,75%

Total 288.879.646,45 100,00% 34.245 100,00% 18,94%

Downpayment and

Purchase Price All Contracts

Contracts with

Downpayment

Average Downpayment 4.314,80 € 6.215,73 €

Average Purchase Price 22.786,44 € 24.619,68 €

Mimimum Downpayment 100,00 €

Maximum Downpayment 100.000,00 €

Downpayment in % 18,94% 25,25%


Santander-Platz 1




Period No 54

16. Effective Interest Rate Monthly Period Okt 2019



Yield Range*

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 0 30.680,54 0,01% 5 0,01%

1: 1 9.624.688,07 3,33% 961 2,81%

2: 2 39.094.837,72 13,53% 4.038 11,79%

3: 3 133.340.296,41 46,16% 13.974 40,81%

4: 4 68.412.752,38 23,68% 8.973 26,20%

5: 5 25.976.067,38 8,99% 4.001 11,68%

6: 6 8.956.967,61 3,10% 1.561 4,56%

7: 7 2.388.050,44 0,83% 486 1,42%

8: 8 639.968,44 0,22% 156 0,46%

9: 9 352.757,00 0,12% 81 0,24%10:10 62.580,46 0,02% 9 0,03%

Total 288.879.646,45 100,00% 34.245 100,00%

Statistics in %

WA Interest 4,19%

*runs from .00 to .99


Santander-Platz 1




Period No 54

16.1 Effective Interest Rate (Graph) Monthly Period Okt 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

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-Platz 1




Period No 54

17. Seasoning Monthly Period Okt 2019



Seasoning in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

18:20 968.064,78 0,34% 92 0,27%

21:23 11.883.007,44 4,11% 1.108 3,24%

24:26 20.057.494,94 6,94% 1.966 5,74%

27:29 27.329.063,07 9,46% 2.794 8,16%

30:32 24.895.350,56 8,62% 2.674 7,81%

33:35 26.840.670,58 9,29% 2.996 8,75%

36:38 30.424.261,76 10,53% 3.338 9,75%

39:41 28.951.711,72 10,02% 3.116 9,10%

42:44 26.882.063,82 9,31% 2.985 8,72%

45:47 20.460.565,20 7,08% 2.514 7,34%

48:50 15.230.103,87 5,27% 1.806 5,27%

51:53 11.332.636,84 3,92% 1.437 4,20%

54:56 9.823.581,34 3,40% 1.295 3,78%

57:59 10.668.716,14 3,69% 1.763 5,15%

60:62 7.295.609,43 2,53% 1.242 3,63%

63:65 5.492.051,07 1,90% 864 2,52%

66:68 3.554.628,89 1,23% 639 1,87%

69:71 2.160.536,80 0,75% 503 1,47%

72:74 1.711.945,96 0,59% 370 1,08%

75:77 826.029,72 0,29% 173 0,51%

78:80 615.294,42 0,21% 114 0,33%81: 1.476.258,10 0,51% 456 1,33%

Total 288.879.646,45 100,00% 34.245 100,00%

Statistics

WA Seasoning 40,37


Santander-Platz 1




Period No 54

17.1 Seasoning (Graph) Monthly Period Okt 2019



0

5.000.000

10.000.000

15.000.000

20.000.000

25.000.000

30.000.000

35.000.000

21:23 24:26 27:29 30:32 33:35 36:38 39:41 42:44 45:47 48:50 51:53 54:56 57:59 60:62 63:65 66:68 69:71 72:74 75:77 78:80 81:

Cu

rren

t P

rin

cip

al

Bala

nce

Seasoning in Months


Santander-Platz 1




Period No 54

18. Remaining Term Monthly Period Okt 2019



Remaining Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 6 28.082.346,34 9,72% 6.828 19,94%

7: 13 38.048.560,59 13,17% 6.591 19,25%

14: 20 39.783.481,86 13,77% 5.234 15,28%

21: 27 38.147.357,70 13,21% 4.461 13,03%

28: 34 33.064.747,48 11,45% 3.416 9,98%

35: 41 27.870.531,59 9,65% 2.487 7,26%

42: 48 20.782.778,36 7,19% 1.615 4,72%

49: 55 16.931.039,23 5,86% 1.141 3,33%

56: 62 18.790.937,26 6,50% 1.126 3,29%

63: 69 13.659.871,13 4,73% 746 2,18%

70: 76 9.319.341,85 3,23% 442 1,29%

77: 83 2.463.274,12 0,85% 89 0,26%

84: 90 1.247.796,28 0,43% 45 0,13% 91: 97 687.582,66 0,24% 24 0,07%

Total 288.879.646,45 100,00% 34.245 100,00%

Statistics

WA Remaining Term 31,20


Santander-Platz 1




Period No 54

18.1 Remaining Term (Graph) Monthly Period Okt 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

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

Cu

rren

t P

rin

cip

al

Bala

nce

Remaining Term in Months


Santander-Platz 1




Period No 54

19. Original Term Monthly Period Okt 2019



Original Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

13: 25 162.486,28 0,06% 173 0,51%

26: 38 8.440.182,68 2,92% 2.645 7,72%

39: 51 46.457.027,34 16,08% 7.200 21,02%

52: 64 93.064.910,06 32,22% 10.994 32,10%

65: 77 39.963.937,17 13,83% 5.100 14,89%

78: 90 28.143.816,02 9,74% 2.640 7,71%

91:103 60.908.611,88 21,08% 4.924 14,38%

104:116 967.076,38 0,33% 60 0,18%

117:119 985.221,55 0,34% 58 0,17%

120: 9.786.377,09 3,39% 451 1,32%

Total 288.879.646,45 100,00% 34.245 100,00%

Statistics

WA Original Term 71,57


Santander-Platz 1




Period No 54

19.1 Original Term (Graph) Monthly Period Okt 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

100.000.000

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

Cu

rren

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rin

cip

al

Bala

nce

Original Term in Months


Santander-Platz 1




Period No 54

20. Manufacturer Brands Monthly Period Okt 2019



Manufacturer

brands

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

1 29.998.175,79 10,38% 3.707 10,82%

2 26.648.559,95 9,22% 2.607 7,61%

3 26.359.770,81 9,12% 3.374 9,85%

4 21.969.076,43 7,60% 2.089 6,10%

5 18.967.901,68 6,57% 1.945 5,68%

6 15.390.385,18 5,33% 2.205 6,44%

7 14.244.592,82 4,93% 1.611 4,70%

8 12.434.805,31 4,30% 1.950 5,69%

9 11.681.079,85 4,04% 1.068 3,12%

10 11.196.435,72 3,88% 950 2,77%

11 11.186.421,58 3,87% 1.770 5,17%

12 10.542.207,83 3,65% 974 2,84%

13 9.017.086,08 3,12% 982 2,87%

14 8.563.541,35 2,96% 1.023 2,99%

15 6.341.285,96 2,20% 975 2,85%

Total 234.541.326,34 81,19% 27.230 79,52%

TOP 15 manufacturer brands in alphabetical order:

Audi, BMW, Citroen, Fiat, Ford, Hyundai, Kia, Mazda, Mercedes, Nissan, Opel, Peugeot, Renault, Volvo, VW


Santander-Platz 1




Period No 54

21. Priority of Payments + Transaction Costs Monthly Period Okt 2019



Priority of Payments

Available Distribution Amount 24.924.675,15 €

Senior Expenses - 1.908,17 €

Interest Notes Class A - 194.991,30 €

Interest Notes Class B - 120.085,70 €

Replenishment - - €

Payments to Purchase Shortfall Account - 12,45 €

Payments to Reserve Fund - 7.000.000,00 €

Principal Payments Class A - 16.899.309,35 €

Principal Payments Class B - - € Payments to Commingling Reserve Ledger - n/a

Payments to Set-Off Reserve Ledger - n/a

Interest Subordinated Loan - 14.390,83 €

Principal Payments Subordinated Loan - - €

Payments to Seller = 693.977,35 €

Transaction Costs All notes Class A Class B Senior Expenses 1.908,17 €-

Interest accrued for the Period 315.077,00 €- 194.991,30 €- 120.085,70 €-

Cumulative Interest accrued 31.471.731,90 €- 24.939.057,85 €- 6.532.674,05 €-

Interest Payments 315.077,00 €- 194.991,30 €- 120.085,70 €-

Cumulative Interest Payments 31.471.731,90 €- 24.939.057,85 €- 6.532.674,05 €-

Interest accrued on Subordinated Loan for the Period 14.390,83 €-

Cumulative Interest accrued on Subordinated Loan 782.861,31 €-

Interest Payments on Subordinated Loan 14.390,83 €-

Cumulative Interest Payments on Subordinated Loan 782.861,31 €-

Unpaid Interest for the Period - €

Cumulative Unpaid Interest - €


Santander-Platz 1




Period No 54

22. Retention Monthly Period 11.10.2019



699.999.999,63 €

305.778.905,95 €

288.879.646,45 €

7.000.000,00 €

7.000.000,00 €

7.000.000,00 €

66.500.000,00 €

66.500.000,00 €

66.500.000,00 €

10,50%

24,04%

25,44%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 Vehicles 2015-1 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 1% and by retaining the

regulatory second loss tranche which is represented by the Class B Notes of at least 4%.

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 Vehicles 2015-1 08.10.2019

Monthly Investor Report 11.10.2019

54

23. Counterparties Okt 2019

from 11.09.2019 to 11.10.2019 = 30 days

from 01.09.2019 to 30.09.2019

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

Counterpart

y status

Calculation Agent, Cash Administrator:Bank of New York Mellon

AA F1+ STABLE AA- A-1+ STABLEperforming

Friedrich-Ebert-Anlage 49

eMail: [email protected] 60327 Frankfurt am MainPhone: +49 69 12014 1772 Germany

Account Bank and Principal Paying Agent: Bank of New York Mellon AA F1+ STABLE AA- A-1+ STABLE performing

Friedrich-Ebert-Anlage 49

eMail: [email protected] 60327 Frankfurt am MainPhone: +49 69 12014 1772 Germany

Transaction Security Trustee: Intertrust Trustees Limited - - - - - - performing

35 Great St. Helen’s

[email protected] London EC3A 6APPhone: +44 (0) 20 7398 6324 United Kingdom

Data Trustee: Intertrust (Deutschland) GmbH - - - - - - performing

Grüneburgweg 58-62

[email protected] 60322 Frankfurt am Main

Phone: +49 (0) 69 643 50 8904 Germany

Rating Agencies: Fitch Ratings Limited Standard & Poor's Ratings Services

Strutured Finance Monitoring Structured Finance

30 North Colonnade, Canary Wharf 20 Canada Square

London E14 5GN E14 5LH London

United Kingdom United Kingdom

Ratings as of 30.09.2019, data source: Bloomberg

Fitch S & P

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period

Collection Period


Santander-Platz 1


mailto:[email protected]






Period No 54

24. Issuer Information Monthly Period Okt 2019



Deal Name: SC Germany Vehicles 2015-1

Issuer: SC Germany Vehicles 2015-1 UG (haftungsbeschränkt)

The Managing Directors

Grüneburgweg 58-62

60322 Frankfurt am Main

Germany

eMail [email protected]

fax +49 (0) 69 643 50 8925

LEI: 391200ZMDVLONWIBG430

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: Intertrust (Deutschland) GmbH

Grüneburgweg 58-62

60322 Frankfurt am Main

Germany


fax +49 (0) 69 643 50 8925


Santander-Platz 1




54

25. Santander Consumer Bank Okt 2019

from 11.09.2019 to 11.10.2019 = 30 days

from 01.09.2019 to 30.09.2019

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]

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

A F1 STABLE A A-1 STABLE

A- F2 STABLE A- A-2 STABLE

A- F2 STABLE A- A-2 STABLE

Ratings as of 30.09.2019, data source: Bloomberg


S & P

Collection Period

Banco Santander S.A.

Santander Consumer Finance S.A.

Fitch

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period


Santander-Platz 1






54

26. Glossary Okt 2019

from 11.09.2019 to 11.10.2019 = 30 days

from 01.09.2019 to 30.09.2019

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 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: Protection against set-off risks due to 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

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