sc germany auto 2016-1 monthly investor report · sc germany auto 2016-1 reporting date 11.09.2018...

SC Germany Auto 2016-1

Monthly Investor Report

SC Germany Auto 2016-1 Reporting Date 11.09.2018

Monthly Investor Report Payment Date 13.09.2018

Period No 28

Cover Sheet Monthly Investor Report Monthly Period Sep 2018

Interest Period from 13.08.2018 to 13.09.2018 = 31 days

Collection Period from 01.08.2018 to 31.08.2018

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



Period No 28

1. Portfolio Information Monthly Period Sep 2018



current period previous period

Outstanding ReceivablesNo. of

Contracts

Aggregate Outstanding

Principal Amount

Aggregate Outstanding

Principal Amount

Beginning of Period 30.867 215.999.054,26€ 227.136.685,31€

Scheduled Principal Payments 7.458.022,19€

Prepayment Principal 3.778.871,98€

Others 156.757,39€

Total Principal Collections 11.393.651,56€ 11.103.386,45€

Total Interest Collections 858.894,52€ 885.274,39€

Defaults 63.127,99€ 34.244,60€

End of Period 29.621 204.542.274,71€ 215.999.054,26€

Current Prepayment Rate (annualised) 19,1%


Santander-Platz 1




Period No 28

2. Reserve Accounts Monthly Period Sep 2018



Note BalanceBeginning of Period 215.999.084,10€

End of Period 204.542.307,30€

Reserve AccountsReserve Account in % Trigger Event y/n

Beginning of Period 2,10% 4.542.734,16€

Cash Outflow 222.752,48€

Cash Inflow -€

End of Period 2,11% 4.319.981,68€

Required Reserve Fund 2,11% 4.319.981,68€

(thereof) Liquidity Reserve Account in %



Cash Inflow -€

End of Period 2,11% 4.319.981,68€

Required Liquidity Reserve Fund 4.319.981,68€

Commingling Reserve in %

Beginning of Period 9,71% 20.975.877,96€ yes


Cash Inflow -€

End of Period 10,15% 20.769.840,66€

Required Commingling Reserve Fund 20.769.840,66€

Set-Off Reserve (X) in %



Cash Inflow -€

End of Period 3,41% 6.965.239,23€

Required Set-Off Reserve (X) Fund 6.965.239,23€

Set-Off Reserve (Y) in %

Beginning of Period 0,22% 471.692,94€ yes


Cash Inflow -€

End of Period 0,22% 452.340,76€

Required Set-Off Reserve (Y) Fund 452.340,76€

Current Set-Off (Y) Amount 452.340,76€

Set-Off Amount (per Loan) 15,27€

Set-Off Amount (in % of Outstanding Balance) 0,22%


Santander-Platz 1




Period No 28

3. Delinquency Data Monthly Period Sep 2018




End of Period 204.542.307,30€

Delinquency Data and Ratios3-MRA* /

current ratio Amount at risk Overdue amount

Number of

Loans

3-MRA* 1- 30 days past due 0,21%

1- 30 days past due period before previous period 453.572,77€ 51.607,54€ 47

1- 30 days past due previous period 455.231,06€ 30.991,37€ 59

1- 30 days past due current period 0,21% 454.746,02€ 56.193,42€ 52

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




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
















* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 28

4. Default Data Monthly Period Sep 2018




End of Period 204.542.307,30€

Default Data and Ratios Amount Number of Loans

Current Default

Current Period Gross Default 63.127,99€

Current Period Recoveries 9.343,38€

Current Period Net Default 53.784,61€

New Number of Defaulted Contracts 10

Cumulative Default

Cumulative Gross Default 1.136.940,18€

Cumulative Recoveries 159.182,18€

Cumulative Net Default 977.758,00€

Total Number of Defaulted Contracts 182

3-MRA* /

current ratio Ratio

3-MRA* Annualised Net Default Ratio (New Default) 0,15%

Annualised Loss Ratio period before previous period 0,03%

Annualised Loss Ratio previous period 0,12%

Annualised Loss Ratio current period 0,32% 0,32%

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 28

4.1 Default Data per Quarter Monthly Period Sep 2018



Quarter of Default Periods New Defaults Recoveries Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018

Q2 2016 1-2 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00

Q3 2016 3-5 59.238,42 7.459,61 0,00 270,00 739,00 680,00 595,00 1.643,98 420,00 710,00 1.660,00 741,63

Q4 2016 6-8 78.829,99 5.805,41 0,00 0,00 150,00 712,22 936,66 1.848,25 560,00 683,28 615,00 300,00

Q1 2017 9-11 127.211,89 17.287,21 0,00 0,00 0,00 1.002,34 1.400,87 5.104,97 2.969,13 1.820,00 1.825,00 3.164,90

Q2 2017 12-14 134.983,21 66.813,62 0,00 0,00 0,00 0,00 110,00 735,00 2.470,00 12.859,96 48.267,20 2.371,46

Q3 2017 15-17 200.786,64 10.574,67 0,00 0,00 0,00 0,00 0,00 5.080,00 2.066,30 1.729,28 1.064,33 634,76

Q4 2017 18-20 185.416,45 25.932,69 0,00 0,00 0,00 0,00 0,00 0,00 7.175,96 6.256,46 9.938,93 2.561,34

Q1 2018 21-23 170.691,87 20.775,97 0,00 0,00 0,00 0,00 0,00 0,00 0,00 1.923,95 10.522,12 8.329,90

Q2 2018 24-26 82.409,12 4.283,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 300,00 3.983,00Q3 2018 27-28 97.372,59 250,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 250,00

Total 1.136.940,18 159.182,18 0,00 270,00 889,00 2.394,56 3.042,53 14.412,20 15.661,39 25.982,93 74.192,58 22.336,99

Recoveries in Quarter


Santander-Platz 1




Period No 28

5. Outstanding Notes Monthly Period Sep 2018



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

ISIN Code XS1405757714 XS1405762045

Currency EUR EUR

Initial Tranching in % 92,75% 7,25%

Legal Maturity Dec 2025 Dec 2025

Expected Maturity Jun 2020 Jun 2020

Original Rating (Fitch / Moody's / S&P) AAAsf/Aaa(sf)/AAA (sf) NR/NR/NR

Current Rating (Fitch / Moody's / S&P)* AAAsf/Aaa(sf)/AAA (sf) NR/NR/NR

Initial Notes Aggregate Principal Outstanding Balance 600.000.000,00 € 556.500.000,00 € 43.500.000,00 €

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

Initial Number of Notes per Class 5.565 435

Current Note Information

Class Principal Outstanding Balance Beginning of Period 215.999.084,10 € 172.499.084,10 € 43.500.000,00 €

Available Distribution Amount 16.809.657,53 €

Amortisation 11.456.776,80 €

Redemption per Class 11.456.776,80 € 11.456.776,80 € 0,00 €

Redemption per Note 2.058,72 € 0,00 €

Class Principal Outstanding Balance End of Period 204.542.307,30 € 161.042.307,30 € 43.500.000,00 €

Current Tranching 78,7% 21,3%

Current Pool Factor 0,29 1,00

2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: 1-M Euribor / Spread / Fixed Rate -0,369% +32 bps 0,88%

DayCount Convention act/360 act/360

Interest Days 31

Principal Outstanding per Note Beginning of Period 30.997,14 € 100.000,00 €

> Principal Repayment per Note 2.058,72 € 0,00 €

Principal Outstanding per Note End of Period 28.938,42 € 100.000,00 €

> Interest accrued for the period 0,00 € 32.964,30 €

Interest Payment 0,00 € 32.964,30 €

Interest Payment per Note 0,00 € 75,78 €

3. Credit Enhancements Class A Class B Initial total CE (Subordination, Reserve) 8,25% 1,00%

Current CE (incl. Excess Spread) 27,15% 5,88%

Current CE (excl. Excess Spread) 23,38% 2,11%

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 - € 43.500.000 € At Closing

Publicly offered to investors which are not in the OG 556.500.000 € - € At Closing

Privately-placed with investors which are not in the OG - € - € Current Period

Retained by a member of the OG - € 43.500.000 € Current Period

Publicly-placed with investors which are not in the OG 161.042.307 € - € 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 31.05.2016


Santander-Platz 1




Period No 28

6. Original Principal Balance Monthly Period Sep 2018



Original Principal Balance

(Ranges in EUR)

Original Principal

Balance in EUR

Percentage of

Total Balance Number of Loans

Percentage of Total

Loans

1000: 1999 26.674,62 0,01% 16 0,05%

2000: 2999 439.468,36 0,11% 169 0,57%

3000: 3999 1.854.439,23 0,46% 519 1,75%

4000: 4999 4.304.132,24 1,06% 952 3,21%

5000: 5999 7.349.692,71 1,81% 1.337 4,51%

6000: 6999 10.780.050,62 2,66% 1.653 5,58%

7000: 7999 13.353.993,55 3,29% 1.780 6,01%

8000: 8999 15.290.324,19 3,77% 1.796 6,06%

9000: 9999 18.160.506,42 4,48% 1.909 6,44%

10000:10999 21.982.754,73 5,42% 2.094 7,07%

11000:11999 21.321.319,96 5,26% 1.853 6,26%

12000:12999 21.661.975,55 5,34% 1.732 5,85%

13000:13999 22.113.146,52 5,46% 1.638 5,53%

14000:14999 22.565.613,49 5,57% 1.555 5,25%

15000:15999 22.937.779,43 5,66% 1.480 5,00%

16000:16999 20.425.173,82 5,04% 1.239 4,18%

17000:17999 19.303.116,92 4,76% 1.104 3,73%

18000:18999 17.954.877,25 4,43% 971 3,28%

19000:19999 15.987.366,25 3,94% 820 2,77%

20000:20999 16.433.470,50 4,05% 803 2,71%

21000:21999 14.996.646,97 3,70% 698 2,36%

22000:22999 12.568.914,09 3,10% 559 1,89%

23000:23999 11.349.747,40 2,80% 483 1,63%

24000:24999 11.370.681,88 2,81% 465 1,57%

25000:25999 9.249.699,50 2,28% 363 1,23%

26000:26999 7.576.145,44 1,87% 286 0,97%

27000:27999 6.511.534,20 1,61% 237 0,80%

28000:28999 5.584.927,42 1,38% 196 0,66%

29000:29999 4.632.821,45 1,14% 157 0,53%

30000:30999 3.686.248,60 0,91% 121 0,41%

31000:31999 3.242.722,42 0,80% 103 0,35%

32000:32999 3.154.275,11 0,78% 97 0,33%

33000:33999 2.643.165,59 0,65% 79 0,27%

34000:34999 1.381.705,13 0,34% 40 0,14%

35000:35000 210.000,00 0,05% 6 0,02%35001: 12.913.827,66 3,19% 311 1,05%

Total 405.318.939,22 100,00% 29.621 100,00%

Statistics in EUR

Average Amount 13.683,50


Santander-Platz 1




Period No 28

6.1 Original PB (Graph) Monthly Period Sep 2018



0

5.000.000

10.000.000

15.000.000

20.000.000

25.000.000

Ori

gin

al

Pri

ncip

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Bala

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Santander-Platz 1




Period No 28

7. Current Principal Balance Monthly Period Sep 2018



Current Principal Balance

(Ranges in EUR)

Current Principal

Balance in EUR

Percentage of Total

Balance Number of Loans

Percentage of Total

Loans

0: 999 1.209.856,61 0,59% 2.508 8,47%

1000: 1999 3.877.428,47 1,90% 2.572 8,68%

2000: 2999 6.585.233,53 3,22% 2.633 8,89%

3000: 3999 8.932.221,13 4,37% 2.558 8,64%

4000: 4999 11.021.879,76 5,39% 2.448 8,26%

5000: 5999 12.673.058,78 6,20% 2.304 7,78%

6000: 6999 13.995.063,74 6,84% 2.157 7,28%

7000: 7999 15.050.351,73 7,36% 2.008 6,78%

8000: 8999 15.529.396,77 7,59% 1.829 6,17%

9000: 9999 14.613.940,90 7,14% 1.539 5,20%

10000:10999 13.682.246,75 6,69% 1.304 4,40%

11000:11999 13.583.752,57 6,64% 1.182 3,99%

12000:12999 11.663.728,55 5,70% 934 3,15%

13000:13999 9.868.566,87 4,82% 732 2,47%

14000:14999 9.341.774,94 4,57% 645 2,18%

15000:15999 7.942.330,68 3,88% 513 1,73%

16000:16999 6.887.699,25 3,37% 418 1,41%

17000:17999 5.288.043,70 2,59% 303 1,02%

18000:18999 4.594.312,48 2,25% 249 0,84%

19000:19999 3.600.548,47 1,76% 185 0,62%

20000:20999 2.659.767,28 1,30% 130 0,44%

21000:21999 1.992.772,20 0,97% 93 0,31%

22000:22999 1.867.571,02 0,91% 83 0,28%

23000:23999 1.499.603,56 0,73% 64 0,22%

24000:24999 1.494.672,28 0,73% 61 0,21%

25000:25999 788.615,45 0,39% 31 0,10%

26000:26999 716.929,31 0,35% 27 0,09%

27000:27999 414.269,58 0,20% 15 0,05%

28000:28999 799.068,05 0,39% 28 0,09%

29000:29999 234.986,68 0,11% 8 0,03%

30000:30999 459.501,87 0,22% 15 0,05%

31000:31999 220.771,78 0,11% 7 0,02%

32000:32999 226.417,64 0,11% 7 0,02%

33000:33999 267.993,40 0,13% 8 0,03%

34000:34999 173.136,42 0,08% 5 0,02%35001: 784.762,51 0,38% 18 0,06%

Total 204.542.274,71 100,00% 29.621 100,00%

Statistics in EUR

Average Amount 6.905,31


Santander-Platz 1




Period No 28

7.1 Current PB (Graph) Monthly Period Sep 2018



0

2.000.000

4.000.000

6.000.000

8.000.000

10.000.000

12.000.000

14.000.000

16.000.000

18.000.000

Cu

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Santander-Platz 1




Period No 28

8. Borrower Concentration Monthly Period Sep 2018



No

Current Principal

Balance in EUR

Percentage of


1 79.520,33 0,0389% 1

2 68.431,66 0,0335% 1

3 54.475,81 0,0266% 1

4 47.050,35 0,0230% 1

5 43.859,48 0,0214% 1

6 42.605,39 0,0208% 1

7 41.104,96 0,0201% 1

8 40.970,03 0,0200% 1

9 40.308,48 0,0197% 1

10 37.614,53 0,0184% 1

11 37.299,66 0,0182% 1

12 36.682,08 0,0179% 1

13 36.439,80 0,0178% 1

14 35.837,63 0,0175% 1

15 35.831,29 0,0175% 1

16 35.815,62 0,0175% 1

17 35.803,54 0,0175% 1

18 35.111,87 0,0172% 1

19 34.885,72 0,0171% 1

20 34.739,89 0,0170% 1

21 34.719,09 0,0170% 1

22 34.531,69 0,0169% 1

23 34.260,03 0,0167% 1

24 33.992,46 0,0166% 1

25 33.761,01 0,0165% 1

1.025.652,40 0,5014% 25


Santander-Platz 1




Period No 28

9. Geographical Distribution Monthly Period Sep 2018



State

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Baden-Wuerttemberg 20.403.064,44 9,97% 2.740 9,25%

Bavaria 22.165.915,40 10,84% 2.948 9,95%

Berlin 3.630.206,39 1,77% 549 1,85%

Brandenburg 10.913.028,10 5,34% 1.722 5,81%

Bremen 1.173.077,22 0,57% 174 0,59%

Hamburg 2.115.340,14 1,03% 304 1,03%

Hesse 13.882.211,51 6,79% 1.900 6,41%

Lower Saxony 20.363.343,23 9,96% 3.030 10,23%

Mecklenburg-Western Pomerania8.951.075,61 4,38% 1.460 4,93%

North Rhine-Westphalia 38.117.162,45 18,64% 5.540 18,70%

Rhineland-Palatinate 9.745.324,88 4,76% 1.328 4,48%

Saarland 2.972.315,83 1,45% 393 1,33%

Saxonia 15.648.221,90 7,65% 2.348 7,93%

Saxony-Anhalt 14.302.618,31 6,99% 2.242 7,57%

Schleswig-Holstein 7.113.132,56 3,48% 1.131 3,82%

Thuringia 13.046.236,74 6,38% 1.812 6,12%

Total 204.542.274,71 100,00% 29.621 100,00%


Santander-Platz 1




Period No 28

9.1 Geographical Distribution (Graph) Monthly Period Sep 2018



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

Cu

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Santander-Platz 1




Period No 28

10. Object/Vehicle Type Monthly Period Sep 2018



Vehicle Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

New Vehicle 92.236.810,06 45,09% 10.720 36,19%Used Vehicle 112.305.464,65 54,91% 18.901 63,81%

Total 204.542.274,71 100,00% 29.621 100,00%

Object Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Car 201.621.677,77 98,57% 28.798 97,22%

Motorbike 1.853.473,59 0,91% 655 2,21%Leisure 1.067.123,35 0,52% 168 0,57%

Total 204.542.274,71 100,00% 29.621 100,00%


Santander-Platz 1




Period No 28

11. Insurances Monthly Period Sep 2018



Payment Protection

Insurance

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 65.340.258,72 31,94% 9.214 31,11%Yes 139.202.015,99 68,06% 20.407 68,89%

Total 204.542.274,71 100,00% 29.621 100,00%

Gap Insurance

(Santander Safe)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 143.635.749,33 70,22% 21.263 71,78%Yes 60.906.525,38 29,78% 8.358 28,22%

Total 204.542.274,71 100,00% 29.621 100,00%

Repair Cost Insurance

(Santander AutoCare)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 186.951.347,66 91,40% 26.895 90,80%Yes 17.590.927,05 8,60% 2.726 9,20%

Total 204.542.274,71 100,00% 29.621 100,00%


Santander-Platz 1




Period No 28

12. Type of Contract Monthly Period Sep 2018



Contracts w/Balloon Payments

Current Principal Balance

in EUR

Percentage of Total


Percentage of Total

Loans

No 93.731.513,32 45,83% 19.225 64,90%

Yes 110.810.761,39 54,17% 10.396 35,10%

- of which balloon rates 78.163.528,74 38,21%

- of which regular installments 32.647.232,65 15,96%

Total 204.542.274,71 100,00% 29.621 100,00%

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

26:38 3.782.320,74 4,84% 499 4,80%

39:51 26.486.368,65 33,89% 3.363 32,35%

52:64 47.893.839,35 61,27% 6.532 62,83%65:72 1.000,00 0,00% 2 0,02%

Total 78.163.528,74 100,00% 10.396 100,00%

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 23.890.987,26 30,57% 3.146 30,26%

13:25 39.433.198,64 50,45% 5.282 50,81%26:38 14.839.342,84 18,98% 1.968 18,93%

Total 78.163.528,74 100,00% 10.396 100,00%


Santander-Platz 1




Period No 28

13. Payment Methods Monthly Period Sep 2018



Payment Method

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Direct Debit 202.032.067,96 98,77% 29.259 98,78%Other 2.510.206,75 1,23% 362 1,22%

Total 204.542.274,71 100,00% 29.621 100,00%

Cycle of Payment

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

15th of month 95.065.699,15 46,48% 13.712 46,29%1st of month 109.476.575,56 53,52% 15.909 53,71%

Total 204.542.274,71 100,00% 29.621 100,00%


Santander-Platz 1




Period No 28

14. Downpayment Monthly Period Sep 2018



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 63.996.168,22 31,29% 8.659 29,23% 0,00%

0: 999 7.529.867,48 3,68% 1.407 4,75% 5,06%

1000: 1999 16.988.856,01 8,31% 2.913 9,83% 10,63%

2000: 2999 20.474.064,51 10,01% 3.127 10,56% 15,77%

3000: 3999 17.660.104,57 8,63% 2.614 8,82% 20,60%

4000: 4999 13.750.169,54 6,72% 1.990 6,72% 24,90%

5000: 5999 16.097.740,64 7,87% 2.234 7,54% 27,89%

6000: 6999 9.974.484,06 4,88% 1.366 4,61% 31,31%

7000: 7999 7.643.307,37 3,74% 1.054 3,56% 34,73%

8000: 8999 6.387.114,67 3,12% 905 3,06% 37,76%

9000: 9999 3.524.042,77 1,72% 495 1,67% 41,27%

10000:10999 7.444.061,12 3,64% 990 3,34% 41,20%

11000:11999 2.247.023,96 1,10% 318 1,07% 44,62%

12000:12999 2.828.237,45 1,38% 394 1,33% 46,11%

13000:13999 1.492.768,21 0,73% 214 0,72% 49,09%

14000:14999 1.126.780,62 0,55% 174 0,59% 51,73%

15000:15000 1.221.690,46 0,60% 181 0,61% 51,62%15001: 4.155.793,05 2,03% 586 1,98% 57,79%

Total 204.542.274,71 100,00% 29.621 100,00% 21,89%

Downpayment and

Purchase Price All Contracts

Contracts with

Downpayment

Average downpayment 3.587,34€ 5.069,20€

Average Purchase Price 16.391,03€ 17.641,73€

Mimimum Downpayment 100,00€

Maximum Downpayment 50.000,00€

Downpayment in % 21,89% 28,73%


Santander-Platz 1




Period No 28

15. Effective Interest Rate Monthly Period Sep 2018



Yield Range*

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 0 151.295,66 0,07% 14 0,05%

1: 1 21.888.533,35 10,70% 2.333 7,88%

2: 2 39.967.875,45 19,54% 4.831 16,31%

3: 3 84.062.974,39 41,10% 11.007 37,16%

4: 4 39.562.463,51 19,34% 6.803 22,97%

5: 5 12.016.263,39 5,87% 2.749 9,28%

6: 6 4.654.106,21 2,28% 1.192 4,02%

7: 7 1.294.622,78 0,63% 411 1,39%

8: 8 624.933,24 0,31% 178 0,60%

9: 9 284.859,12 0,14% 93 0,31%10:10 34.347,61 0,02% 10 0,03%

Total 204.542.274,71 100,00% 29.621 100,00%

Statistics in %

WA Interest 3,81%

*runs from .00 to .99


Santander-Platz 1




Period No 28

15.1 Effective Interest Rate (Graph) Monthly Period Sep 2018



*runs from .00 to .99

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

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

Bala

nce

Yield Range*


Santander-Platz 1




Period No 28

16. Seasoning Monthly Period Sep 2018



Seasoning in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

30:32 32.679.140,62 15,98% 3.948 13,33%

33:35 51.436.311,50 25,15% 6.773 22,87%

36:38 47.639.009,02 23,29% 6.549 22,11%

39:41 29.347.856,84 14,35% 4.406 14,87%

42:44 19.545.209,83 9,56% 3.223 10,88%

45:47 11.616.737,83 5,68% 2.121 7,16%

48:50 7.969.041,12 3,90% 1.521 5,13%

51:53 2.031.970,24 0,99% 408 1,38%

54:56 943.896,51 0,46% 198 0,67%

57:59 564.730,41 0,28% 144 0,49%

60:62 307.698,45 0,15% 101 0,34%

63:65 211.575,95 0,10% 88 0,30%

66:68 91.132,41 0,04% 44 0,15%

69:71 57.463,39 0,03% 29 0,10%

72:74 63.276,68 0,03% 41 0,14%

75:77 21.548,28 0,01% 12 0,04%

78:80 11.729,71 0,01% 8 0,03%81: 3.945,92 0,00% 7 0,02%

Total 204.542.274,71 100,00% 29.621 100,00%

Statistics

WA Seasoning 37,70


Santander-Platz 1




Period No 28

16.1 Seasoning (Graph) Monthly Period Sep 2018



0

10.000.000

20.000.000

30.000.000

40.000.000

50.000.000

60.000.000

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

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cip

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Bala

nce

Seasoning in Months


Santander-Platz 1




Period No 28

17. Remaining Term Monthly Period Sep 2018



Remaining Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 6 13.862.095,25 6,78% 4.375 14,77%

7:13 26.902.750,03 13,15% 5.116 17,27%

14:20 35.691.838,43 17,45% 5.267 17,78%

21:27 57.032.081,58 27,88% 6.801 22,96%

28:34 28.040.143,48 13,71% 3.351 11,31%

35:41 18.782.702,11 9,18% 2.391 8,07%

42:48 10.463.974,44 5,12% 1.091 3,68%

49:55 13.528.644,26 6,61% 1.216 4,11%

56:62 217.314,77 0,11% 12 0,04%63:69 20.730,36 0,01% 1 0,00%

Total 204.542.274,71 100,00% 29.621 100,00%

Statistics

WA Remaining Term 24,72


Santander-Platz 1




Period No 28

17.1 Remaining Term (Graph) Monthly Period Sep 2018



0

10.000.000

20.000.000

30.000.000

40.000.000

50.000.000

60.000.000

0: 6 7:13 14:20 21:27 28:34 35:41 42:48 49:55 56:62 63:69

Cu

rren

t P

rin

cip

al

Bala

nce

Remaining Term in Months


Santander-Platz 1




Period No 28

18. Original Term Monthly Period Sep 2018



Original Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

13:25 435,05 0,00% 1 0,00%

26:38 4.974.241,69 2,43% 2.072 7,00%

39:51 41.354.558,52 20,22% 7.553 25,50%

52:64 99.660.529,11 48,72% 12.514 42,25%

65:77 29.914.455,35 14,63% 4.468 15,08%

78: 28.638.054,99 14,00% 3.013 10,17%

Total 204.542.274,71 100,00% 29.621 100,00%

Statistics

WA Original Term 62,42


Santander-Platz 1




Period No 28

18.1 Original Term (Graph) Monthly Period Sep 2018



0

20.000.000

40.000.000

60.000.000

80.000.000

100.000.000

120.000.000

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-Platz 1




Period No 28

19. Manufacturer Brands Monthly Period Sep 2018



Manufacturer

brands

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

1 25.154.697,56 12,30% 2.781 9,39%

2 24.731.371,28 12,09% 2.863 9,67%

3 18.958.287,04 9,27% 2.860 9,66%

4 17.335.026,48 8,48% 2.689 9,08%

5 17.146.194,02 8,38% 2.956 9,98%

6 16.900.525,49 8,26% 2.292 7,74%

7 8.930.115,49 4,37% 1.055 3,56%

8 8.090.324,41 3,96% 1.285 4,34%

9 7.624.055,60 3,73% 948 3,20%

10 7.196.408,87 3,52% 1.062 3,59%

11 6.416.235,75 3,14% 963 3,25%

12 5.635.039,63 2,75% 804 2,71%

13 5.447.582,76 2,66% 940 3,17%

14 4.656.041,52 2,28% 792 2,67%

15 4.554.354,63 2,23% 472 1,59%

178.776.260,53 87,40% 24.762 83,60%

TOP 15 manufacturer brands in alphabetical order:

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


Santander-Platz 1




Period No 28

20. Priority of Payments + Transaction Costs Monthly Period Sep 2018



Priority of Payments

Available Distribution Amount 16.809.657,53 €

Senior Expenses - 297,50 €

Net Swap Payments - - €

Interest Notes Class A - - €

Interest Notes Class B - 32.964,30 €

Payments to Liquidity Reserve Fund - 4.319.981,68 €

Principal Payments Class A - 11.456.776,80 €

Principal Payments Class B - - €

Payment due to rounding differences - 32,59 €

Payments to Reserve Fund - - € Payments to Commingling Reserve Ledger - adjustments necessary

Payments to Set-Off Reserve Ledger - adjustments necessary

Swap Termination Payments - n/a

Interest Subordinated Loan - 6.415,35 €

Principal Payments Subordinated Loan - 222.752,48 €

Payments to Seller = 770.436,83 €

Transaction Costs All notes Class A Class B Senior Expenses 297,50 €-

Interest accrued for the Period 32.964,30 €- - € 32.964,30 €-

Cumulative Interest accrued 900.632,70 €- - € 900.632,70 €-

Interest Payments 32.964,30 €- - € 32.964,30 €-

Cumulative Interest Payments 900.632,70 €- - € 900.632,70 €-

Interest accrued on Subordinated Loan for the Period 6.415,35 €-

Cumulative Interest accrued on Subordinated Loan 224.008,65 €-

Interest Payments on Subordinated Loan 6.415,35 €-

Cumulative Interest Payments on Subordinated Loan 224.008,65 €-

Unpaid Interest for the Period - €

Cumulative Unpaid Interest - €


Santander-Platz 1




Period No 28

21.1 Swap Counterparty 1 Monthly Period Sep 2018



Swap Counterparty Swap Counterparty Banco Santander S.A., London Branch

Swap Rating Trigger Breach yes

Rating Trigger & Current RatingsConsequenses Long Term (CRA)

Short Term

(CRA)Outlook

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

Trigger

breach

1st Rating Trigger

Collateral, Guarantee

or Replacement A3(cr) - A F1 A A-1 no

2nd Rating Trigger Guarantee or Replacement Baa1(cr) - BBB- F3 BBB+ A-1 no

Current Counterparty Ratings A3(cr) P-2(cr) STABLE A F1 STABLE A A-1 STABLE

Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap Banco Santander S.A., London Branch Old Counterparty Abbey National Treasury Services plc

Notional Amount 86.249.542,05 FI Structuring Current Counterparty Banco Santander S.A., London Branch

Fixed Rate -0,4000% 2 Triton Square

Floating Rate (Euribor) -0,3690% Regent's Place

Net Swap Payments 2.302,39 London, NW1 3AN

Notional Amount next period 80.521.153,65 United Kingdom

Phone +44 20 7756 6960

Swap Collateral Email: [email protected]

Begining of Period -€

Cash Outflow -€

Cash Inflow -€

End of Period -€

Ratings as of 31.08.2018, data source: Bloomberg

Moody's Fitch S & P


Santander-Platz 1




Period No 28

21.2 Swap Counterparty 2 Monthly Period Sep 2018



Swap Counterparty Swap Counterparty DZ Bank AG

Swap Rating Trigger Breach no

Rating Trigger & Current RatingsConsequenses Long Term (CRA)

Short Term

(CRA)Outlook

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

Trigger

breach

1st Rating Trigger

Collateral, Guarantee

or Replacement A3(cr) - A F1 A A-1 no

2nd Rating Trigger Guarantee or Replacement Baa1(cr) - BBB- F3 BBB+ A-1 no

Current Counterparty Ratings Aa1(cr) P-1(cr) STABLE AA- F1+ STABLE AA- A-1+ 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 86.249.542,05 Kapitalmärkte Handel / ABS-Emissionen Current Counterparty DZ Bank AG

Fixed Rate -0,4000% Platz der Republik

Floating Rate (Euribor) -0,3690% 60265 Frankfurt am Main

Net Swap Payments 2.302,39 Germany

Notional Amount next period 80.521.153,65 Phone +49 69 7447 4341

Email: [email protected]

Swap CollateralBegining of Period -€

Cash Outflow -€

Cash Inflow -€

End of Period -€


Moody's Fitch S & P


Santander-Platz 1




Period No 28

22. Retention Monthly Period 13.09.2018



599.999.999,80 €

215.999.054,26 €

204.542.274,71 €

6.000.000,00 €

4.542.734,16 €

4.319.981,68 €

43.500.000,00 €

43.500.000,00 €

43.500.000,00 €

8,25%

22,24%

23,38%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 2016-1 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 Auto 2016-1 11.09.2018

Monthly Investor Report 13.09.2018

28

23. Counterparties Sep 2018

from 13.08.2018 to 13.09.2018 = 31 days

from 01.08.2018 to 31.08.2018

Long Term

(CRA)

Short Term

(CRA)Outlook

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

Counterparty

status

Join Lead Managers: Banco Santander S.A. A3(cr) P-2(cr) STABLE A F1 STABLE A A-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

HSBC Aa2(cr) P-1(cr) STABLE AA- F1+ STABLE AA- A-1+ STABLE performing

8 Canada Square

eMail: [email protected] London E14 5HQ


LBBW Aa3(cr) P-1(cr) STABLE A- F1 STABLE - - - performing

Am Hauptbahnhof 2

eMail: [email protected] 70173 Stuttgart

Phone: +49 711 12749651 Germany

Paying Agent: Elavon Financial Services Limited - P-1 STABLE AA- F1+ STABLE AA- A-1+ STABLE performing

5th Floor, 125 Old Broad Street

eMail: [email protected] London EC2N 1Ar

Phone: +44(20)733-02000 United Kingdom

Transaction Account: Elavon Financial Services Limited - P-1 STABLE AA- F1+ STABLE AA- A-1+ STABLE performing

5th Floor, 125 Old Broad Street

eMail: [email protected] London EC2N 1Ar

Phone: +44(20)733-02000 United Kingdom

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

35 Great St. Helen's

[email protected] London EC3A 6AP


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

Grüneburgweg 58-62

eMail: [email protected] 60322 Frankfurt am Main

Phone: +49 69 643 50 8900 Germany

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

Strutured Finance Monitoring Strutured Finance Monitoring Structured Finance

An der Welle 5 30 North Colonnade, Canary Wharf 20 Canada Square

60322 Frankfurt am Main London E14 5GN E14 5LH London

Germany United Kingdom United Kingdom


Moody's Fitch S & P

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period

Collection Period


Santander-Platz 1


mailto:[email protected]



Period No 28

24. Issuer Information Monthly Period Sep 2018



Deal Name: SC Germany Auto 2016-1

Issuer: SC Germany Auto 2016-1 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 2016-1 11.09.2018


28

25. Santander Consumer Bank Sep 2018

from 13.08.2018 to 13.09.2018 = 31 days

from 01.08.2018 to 31.08.2018

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]

Ronja Dahmen +49-2161-690-9453 [email protected]

Team ABS [email protected]

Ratings Santander

Long Term

(CRA)

Short Term

(CRA)Outlook

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

A3(cr) P-2(cr) STABLE A F1 STABLE A A-1 STABLE

A3(cr) P-2(cr) STABLE A- F2 STABLE A- A-2 STABLE

- - - A- F2 STABLE A- A-2 STABLE



Fitch S & P

Banco Santander S.A.

Santander Consumer Finance S.A.

Moody's

Collection Period

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period


Santander-Platz 1







SC Germany Auto 2016-1 11.09.2018


28

26. Glossary Sep 2018

from 13.08.2018 to 13.09.2018 = 31 days

from 01.08.2018 to 31.08.2018

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 each Class A Note will be redeemed in full.

Expected Maturity: Maturity date of the notes under the assumption of (a) a 14% constant prepayment rate, (b) an exercised Clean-Up Call at 10% and (c) a 2,7% Gross Loss Assumption.

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-Platz 1


sc germany auto 2016-1 monthly investor report · sc germany auto 2016-1 reporting date 11.09.2018...

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