sc germany consumer 2018-1 monthly investor report · sc germany consumer 2018-1 reporting date...

SC Germany Consumer 2018-1

Monthly Investor Report

SC Germany Consumer 2018-1 Reporting Date 11.04.2019

Monthly Investor Report Payment Date 15.04.2019

Period No 4

Cover Sheet Monthly Investor Report Monthly Period Apr 2019

Interest Period from 13.03.2019 to 15.04.2019 = 33 days

Collection Period from 01.03.2019 to 31.03.2019

Index Page

1. Portfolio Information 1 IMPORTANT NOTICE to Investors:

2. Reserve Accounts 2

3.1 Delinquency Data 3 On 10.03.2019 Santander Consumer Bank AG changed it´s credit approval

3.2 Default Data 4 process. Santander Consumer Bank AG will only sell receivables to

4. Concentration Limits 5 SC Germany Consumer 2018-1 UG (haftungsbeschränkt) which were originated

5. Outstanding Notes 6 before 10.03.2019.

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. Collateral 14

11. Insurances 15

12. Payment Methods 16

13. Effective Interest Rate 17

13.1 Effective Interest Rate (Graph) 18

14. Seasoning 19

14.1 Seasoning (Graph) 20

15. Remaining Term 21

15.1 Remaining Term (Graph) 22

16. Original Term 23

16.1 Original Term (Graph) 24

17. Loan Concentration 25

18. Priority of Payments + Transaction Costs 26

19. Retention 27

20. Counterparties 28

21. Issuer Information 29

22. Santander Consumer Bank 30

23. Glossary 31

Santander Consumer Bank AG

Santander-Platz 1

41061 Mönchengladbach



Period No 4

1. Portfolio Information Monthly Period Apr 2019



current period previous period

Outstanding ReceivablesNo. of

Contracts

Aggregate Outstanding

Principal Amount

Aggregate Outstanding

Principal Amount

Beginning of Period 1.599.874.736,58€ 1.599.999.997,00€

Scheduled Principal Payments 32.486.299,82€

Prepayment Principal 46.161.668,88€

Total Principal Collections 78.647.968,70€ 77.455.634,81€

Total Interest Collections 7.692.603,21€ 7.683.801,65€

Defaults 366.109,38€ 124.938,07€

Replenishment Amount 78.646.014,91€ 77.455.312,46€

End of Period 189.568 1.599.506.673,41€ 1.599.874.736,58€

Purchase Shortfall Amount 3,88€ 3,29€

Total Assets (End of Period) 1.599.506.677,29€ 1.599.874.739,87€

Current Prepayment Rate (annualised) 29,6%


Santander-Platz 1




Period No 4

2. Reserve Accounts Monthly Period Apr 2019



Note BalanceBeginning of Period 1.600.000.000,00€

End of Period 1.600.000.000,00€

Reserve AccountsLiquidity Reserve in % Trigger Event y/n

Beginning of Period 0,4% 6.520.000,00€

Cash Outflow -€

Cash Inflow -€

End of Period 0,4% 6.520.000,00€

Required Liquidity Reserve Fund 0,4% 6.520.000,00€

Commingling Reserve in %

Beginning of Period 0,00% -€ yes

Cash Outflow -€

Cash Inflow -€

End of Period 0,00% -€

Required Commingling Reserve Fund -€

Set-Off Reserve in %

Beginning of Period 0,00% -€ yes

Cash Outflow -€

Cash Inflow -€

End of Period 0,00% -€

Required Set-Off Reserve Fund -€

Current Set-Off Amount -€

Set-Off Amount (per Loan) -€

Set-Off Amount (in % of Outstanding Balance) 0,00%


Santander-Platz 1




Period No 4

3.1 Delinquency Data Monthly Period Apr 2019



Note BalanceBeginning of Period 1.600.000.000,00€

End of Period 1.600.000.000,00€

Delinquency Data and Ratios3-MRA* /

current ratio Amount at risk Overdue amount

Number of

Loans

3-MRA* 1- 30 days past due 0,20%

1- 30 days past due period before previous period 1.612.194,87€ 31.592,51€ 134

1- 30 days past due previous period 3.406.442,11€ 72.853,58€ 328

1- 30 days past due current period 0,28% 4.497.188,13€ 95.226,88€ 425

3-MRA* 31- 60 days past due 0,07%

31- 60 days past due period before previous period 88.092,80€ 3.759,40€ 8

31- 60 days past due previous period 895.629,72€ 34.234,53€ 85

31- 60 days past due current period 0,16% 2.490.625,00€ 97.083,87€ 244

3-MRA* 61-90 days past due 0,01%

61- 90 days past due period before previous period 17.414,36€ 1.931,10€ 3


61- 90 days past due current period 0,03% 541.681,91€ 31.858,77€ 49


91- 120 days past due period before previous period -€ -€ 0

91- 120 days past due previous period 2.948,92€ 529,99€ 1








151- 180 days past due previous period -€ -€ 0

151- 180 days past due current period 0,00% -€ -€ 0

* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 4

3.2 Default Data Monthly Period Apr 2019



Note BalanceBeginning of Period 1.600.000.000,00 €

End of Period 1.600.000.000,00 €

Default Data and Ratios Amount Number of Loans

Current Default

Current Period Gross Default 366.109,38 €

Current Period Recoveries 1.953,20 €-

Current Period Net Default 368.062,58 €

New Number of Defaulted Contracts 26

Cumulative Default

Cumulative Gross Default 491.047,45 €

Cumulative Recoveries 2.275,26 €-

Cumulative Net Default 493.322,71 €

Total Number of Defaulted Contracts 32

3-MRA* /

current ratio Ratio

3-MRA* Annualised Loss Ratio (Neue Rechtsakten) 0,12%

Annualised Loss Ratio period before previous period 0,00%

Annualised Loss Ratio previous period 0,09%

Annualised Loss Ratio current period 0,28% 0,28%

Principal Deficiency Ledgers

Class A PDL Sub-Ledger

Class A PDL Sub-Ledger period before previous period - €

Class A PDL Sub-Ledger previous period - €

Class A PDL Sub-Ledger current period - €

Junior PDL Sub-Ledger

Junior PDL Sub-Ledger period before previous period - €

Junior PDL Sub-Ledger previous period 125.260,13 €

Junior PDL Sub-Ledger current period 493.322,71 €

* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 4

4. Concentration Limits Monthly Period Apr 2019



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

Average Yield (applicable for Total Portfolio) 5,80% - 6,01% no

Remaining Term (applicable for Total Portfolio) - 68,50 61,61 no

Early Amortisation Events Maximum-Trigger Current Value Trigger Breach

Cumulative Default Ratio

- prior to 31 December 2019 1,00% 0,03% no

Purchase Shortfall Event no

Period before previous period 3,00 €

Previous period 3,29 €

Current period 3,88 €

Delinquency Ratio

- prior to 31 December 2019 1,50% 0,19% no


Santander-Platz 1




Period No 4

5. Outstanding Notes Monthly Period Apr 2019



1. Note Balance All notes Class A Class B Class C Class D Class E Class FGeneral Note Information

ISIN Code XS1920371074 XS1920371405 XS1920372049 XS1920372395 XS1920372551 XS1920372635

Currency EUR EUR EUR EUR EUR EUR

Initial Tranching in % 81,5% 4,3% 3,8% 1,3% 7,6% 1,6%

Legal Maturity Dez 2031 Dez 2031 Dez 2031 Dez 2031 Dez 2031 Dez 2031

Expected Maturity Aug 2022 Jan 2023 Mai 2023 Jun 2023 Jun 2023 Jun 2023

Original Rating (DBRS / S&P) AA(low) (sf) / AA- (sf) A (sf) / A (sf) BBB (sf) / BBB(sf) BB(high) (sf) / BB (sf) Not rated Not rated

Current Rating (DBRS / S&P)* AA(low) (sf) / AA- (sf) A (sf) / A (sf) BBB (sf) / BBB(sf) BB(high) (sf) / BB (sf) Not rated Not rated

Initial Notes Aggregate Principal Outstanding Balance 1.600.000.000,00 € 1.304.000.000,00 € 68.000.000,00 € 60.000.000,00 € 20.000.000,00 € 122.000.000,00 € 26.000.000,00 €

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

Initial Number of Notes per Class 13.040 680 600 200 1.220 260

Current Note Information

Class Principal Outstanding Balance Beginning of Period 1.600.000.000,00 € 1.304.000.000,00 € 68.000.000,00 € 60.000.000,00 € 20.000.000,00 € 122.000.000,00 € 26.000.000,00 €

Replenishment 78.646.014,91 €

Amortisation 0,00 €

Redemption per Class 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 €

Redemption per Note 0,00 € 0,00 € 0,00 € 0,00 € 0,00 €

Class Principal Outstanding Balance End of Period 1.600.000.000,00 € 1.304.000.000,00 € 68.000.000,00 € 60.000.000,00 € 20.000.000,00 € 122.000.000,00 € 26.000.000,00 €

Current Tranching 81,5% 4,3% 3,8% 1,3% 7,6% 1,6%

Current Pool Factor 1,00 1,00 1,00 1,00 1,00 1,00

2. Payments to Investors per Note All notes Class A Class B Class C Class D Class E Class F Interest Rate Basis: 1 M-Euribor / Fixed / Floating 0,500% 1,200% 2,500% 3,250% 12,180% 38,500%

DayCount Convention 33 act/360 act/360 act/360 act/360 act/360 act/360

Interest Days

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

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

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

> Interest accrued for the period 597.623,20 € 74.800,00 € 137.502,00 € 59.584,00 € 1.362.130,00 € 917.584,20 €

Interest Payment 597.623,20 € 74.800,00 € 137.502,00 € 59.584,00 € 1.362.130,00 € 917.584,20 €

Interest Payment per Note 45,83 € 110,00 € 229,17 € 297,92 € 1.116,50 € 3.529,17 €

3. Credit Enhancements Class A Class B Class C Class D Class E Class FInitial total CE (Subordination, Reserve) 18,5% 14,3% 10,5% 9,3% 1,6% 0,0%

Current CE 18,5% 14,3% 10,5% 9,3% 1,6% 0,0%

* Last rating action as of 21.12.2018


Santander-Platz 1




Period No 4

6. Original Principal Balance Monthly Period Apr 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 23.012.528,10 1,11% 19.083 10,07%

2000: 3999 129.710.935,71 6,28% 46.573 24,57%

4000: 5999 152.456.974,47 7,38% 31.473 16,60%

6000: 7999 97.198.008,31 4,71% 14.264 7,52%

8000: 9999 88.239.252,99 4,27% 10.010 5,28%

10000: 11999 137.543.322,07 6,66% 12.907 6,81%

12000: 13999 95.439.081,68 4,62% 7.430 3,92%

14000: 15999 105.528.671,75 5,11% 7.048 3,72%

16000: 17999 84.745.839,60 4,10% 4.995 2,63%

18000: 19999 78.297.811,16 3,79% 4.130 2,18%

20000: 21999 82.231.506,25 3,98% 3.927 2,07%

22000: 23999 78.244.823,69 3,79% 3.405 1,80%

24000: 25999 75.280.973,66 3,64% 3.012 1,59%

26000: 27999 74.644.856,90 3,61% 2.766 1,46%

28000: 29999 74.252.812,07 3,59% 2.562 1,35%

30000: 31999 63.125.145,21 3,06% 2.040 1,08%

32000: 33999 55.866.187,18 2,70% 1.695 0,89%

34000: 35999 56.346.480,52 2,73% 1.611 0,85%

36000: 37999 49.580.391,15 2,40% 1.341 0,71%

38000: 39999 44.921.768,75 2,17% 1.153 0,61%

40000: 41999 42.918.999,93 2,08% 1.048 0,55%

42000: 43999 41.114.366,44 1,99% 957 0,50%

44000: 45999 39.625.699,49 1,92% 881 0,46%

46000: 47999 37.595.275,86 1,82% 800 0,42%

48000: 49999 34.967.379,88 1,69% 714 0,38%

50000: 51999 32.725.865,57 1,58% 643 0,34%

52000: 53999 29.975.064,26 1,45% 565 0,30%

54000: 55999 27.930.071,29 1,35% 508 0,27%

56000: 57999 23.565.910,60 1,14% 414 0,22%

58000: 59999 17.979.698,62 0,87% 305 0,16%

60000: 61999 14.382.552,09 0,70% 236 0,12%

62000: 63999 12.901.826,62 0,62% 205 0,11%

64000: 65999 11.695.548,05 0,57% 180 0,09%

66000: 67999 10.567.560,19 0,51% 158 0,08%

68000: 69999 7.035.559,95 0,34% 102 0,05%

70000: 71999 6.242.708,08 0,30% 88 0,05%

72000: 73999 4.524.889,53 0,22% 62 0,03%

74000: 75999 4.127.447,05 0,20% 55 0,03%

76000: 77999 3.156.997,17 0,15% 41 0,02%

78000: 79999 2.609.131,50 0,13% 33 0,02%

80000: 81999 2.590.880,17 0,13% 32 0,02%

82000: 83999 1.907.579,90 0,09% 23 0,01%

84000: 85999 1.957.325,48 0,09% 23 0,01%

86000: 87999 1.042.587,56 0,05% 12 0,01%

88000: 89999 1.065.392,24 0,05% 12 0,01%

90000: 91999 819.131,47 0,04% 9 0,00%

92000: 93999 373.448,11 0,02% 4 0,00%

94000: 95999 569.487,22 0,03% 6 0,00%

96000: 97999 967.630,41 0,05% 10 0,01%

98000: 99999 397.487,26 0,02% 4 0,00%100001: 1.458.145,24 0,07% 13 0,01%

Total 2.065.459.018,45 100,00% 189.568 100,00%

Statistics in EUR

Average Amount 10.895,61


Santander-Platz 1




Period No 4

6.1 Original PB (Graph) Monthly Period Apr 2019



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

Ori

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Santander-Platz 1




Period No 4

7. Current Principal Balance Monthly Period Apr 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 54.435.915,16 3,40% 55.944 29,51%

2000: 3999 109.083.283,33 6,82% 37.737 19,91%

4000: 5999 101.043.978,97 6,32% 20.888 11,02%

6000: 7999 87.931.023,60 5,50% 12.622 6,66%

8000: 9999 100.136.264,99 6,26% 11.198 5,91%

10000:11999 84.114.061,15 5,26% 7.679 4,05%

12000:13999 85.871.439,25 5,37% 6.614 3,49%

14000:15999 76.208.826,84 4,76% 5.100 2,69%

16000:17999 73.993.124,80 4,63% 4.362 2,30%

18000:19999 72.597.475,37 4,54% 3.826 2,02%

20000:21999 70.494.566,14 4,41% 3.360 1,77%

22000:23999 67.076.180,89 4,19% 2.920 1,54%

24000:25999 63.046.127,15 3,94% 2.526 1,33%

26000:27999 58.106.833,89 3,63% 2.153 1,14%

28000:29999 52.703.382,67 3,29% 1.819 0,96%

30000:31999 48.562.675,01 3,04% 1.568 0,83%

32000:33999 43.564.831,58 2,72% 1.322 0,70%

34000:35999 40.315.308,77 2,52% 1.153 0,61%

36000:37999 40.613.073,04 2,54% 1.099 0,58%

38000:39999 35.412.982,54 2,21% 908 0,48%

40000:41999 35.037.879,01 2,19% 855 0,45%

42000:43999 29.965.178,64 1,87% 698 0,37%

44000:45999 28.010.616,97 1,75% 623 0,33%

46000:47999 25.321.996,33 1,58% 539 0,28%

48000:49999 21.878.111,39 1,37% 447 0,24%

50000:51999 17.953.611,66 1,12% 352 0,19%

52000:53999 13.403.547,53 0,84% 253 0,13%

54000:55999 10.566.306,16 0,66% 192 0,10%

56000:57999 10.590.891,35 0,66% 186 0,10%

58000:59999 8.675.496,84 0,54% 147 0,08%

60000:61999 6.031.792,71 0,38% 99 0,05%

62000:63999 5.598.349,61 0,35% 89 0,05%

64000:65999 3.708.329,36 0,23% 57 0,03%

66000:67999 3.285.559,25 0,21% 49 0,03%

68000:69999 2.342.615,92 0,15% 34 0,02%

70000:71999 2.344.285,82 0,15% 33 0,02%

72000:73999 1.902.986,14 0,12% 26 0,01%

74000:75999 1.195.149,93 0,07% 16 0,01%

76000:77999 1.229.457,00 0,08% 16 0,01%

78000:79999 1.419.806,07 0,09% 18 0,01%80001: 3.733.350,58 0,23% 41 0,02%

Total 1.599.506.673,41 100,00% 189.568 100,00%

Statistics in EUR

Average Amount 8.437,64


Santander-Platz 1




Period No 4

7.1 Current PB (Graph) Monthly Period Apr 2019



0

20.000.000

40.000.000

60.000.000

80.000.000

100.000.000

120.000.000

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Santander-Platz 1




Period No 4

8. Borrower Concentration Monthly Period Apr 2019



No

Current Principal

Balance in EUR

Percentage of Total


1 128.688,25 0,0080% 1

2 124.959,21 0,0078% 1

3 122.125,03 0,0076% 1

4 109.688,84 0,0069% 1

5 104.076,41 0,0065% 1

6 99.115,76 0,0062% 2

7 95.841,15 0,0060% 1

8 95.720,29 0,0060% 2

9 93.587,08 0,0059% 1

10 93.461,28 0,0058% 1

11 92.670,18 0,0058% 1

12 92.111,62 0,0058% 1

13 91.305,46 0,0057% 1

14 91.223,12 0,0057% 1

15 90.836,58 0,0057% 1

16 89.908,86 0,0056% 1

17 89.762,29 0,0056% 2

18 89.563,76 0,0056% 1

19 88.878,48 0,0056% 1

20 88.444,76 0,0055% 1

21 88.417,25 0,0055% 1

22 88.359,59 0,0055% 1

23 88.256,18 0,0055% 1

24 87.295,73 0,0055% 1

25 86.809,57 0,0054% 1

2.411.106,73 0,1507% 28


Santander-Platz 1




Period No 4

9. Geographical Distribution Monthly Period Apr 2019



State

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

BADEN-WÜRTTEMBERG 192.337.683,86 12,02% 22.556 11,90%

BAYERN 188.680.995,00 11,80% 23.545 12,42%

BERLIN 73.809.718,47 4,61% 9.182 4,84%

BRANDENBURG 68.721.468,53 4,30% 8.115 4,28%

BREMEN 12.949.806,58 0,81% 1.575 0,83%

HAMBURG 27.641.747,95 1,73% 3.752 1,98%

HESSEN 108.511.493,88 6,78% 13.111 6,92%

MECKLENBURG-VORPOMMERN 56.226.473,95 3,52% 5.981 3,16%

NIEDERSACHSEN 157.007.649,50 9,82% 18.571 9,80%

NORDRHEIN-WESTFALEN 370.654.888,49 23,17% 42.095 22,21%

RHEINLAND-PFALZ 83.975.360,51 5,25% 9.507 5,02%

SAARLAND 24.004.959,88 1,50% 2.551 1,35%

SACHSEN 74.238.080,23 4,64% 9.399 4,96%

SACHSEN-ANHALT 63.664.372,40 3,98% 7.154 3,77%

SCHLESWIG-HOLSTEIN 46.929.871,60 2,93% 6.394 3,37%

THÜRINGEN 50.012.742,12 3,13% 6.062 3,20%

n/a 139.360,46 0,01% 18 0,01%

total 1.599.506.673,41 100,00% 189.568 100,00%


Santander-Platz 1




Period No 4

9.1 Geographical Distribution (Graph) Monthly Period Apr 2019



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

350.000.000

400.000.000

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Santander-Platz 1




Period No 4

10. Collateral Monthly Period Apr 2019



Collateral

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

secured 327.110.888,52 20,45% 13.572 7,16%unsecured 1.272.395.784,89 79,55% 175.996 92,84%

Total 1.599.506.673,41 100,00% 189.568 100,00%


Santander-Platz 1




Period No 4

11. Insurances Monthly Period Apr 2019



Payment Protection

Insurance

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 334.586.393,56 20,92% 83.506 44,05%Yes 1.264.920.279,85 79,08% 106.062 55,95%

Total 1.599.506.673,41 100,00% 189.568 100,00%


Santander-Platz 1




Period No 4

12. Payment Methods Monthly Period Apr 2019



Payment Method

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Direct Debit 1.583.590.906,55 99,00% 188.166 99,26%Other 15.915.766,86 1,00% 1.402 0,74%

Total 1.599.506.673,41 100,00% 189.568 100,00%

Cycle of Payment

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

15th of month 442.637.745,60 27,67% 50.791 26,79%1st of month 1.156.868.927,81 72,33% 138.777 73,21%

Total 1.599.506.673,41 100,00% 189.568 100,00%


Santander-Platz 1




Period No 4

13. Effective Interest Rate Monthly Period Apr 2019



Yield Range*

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans 0: 0 1.174.454,25 0,07% 2.765 1,46%

1: 1 39.988.409,03 2,50% 33.545 17,70%

2: 2 138.822.924,29 8,68% 39.242 20,70%

3: 3 169.733.192,91 10,61% 23.160 12,22%

4: 4 199.945.484,17 12,50% 18.243 9,62%

5: 5 325.986.358,63 20,38% 25.589 13,50%

6: 6 200.203.461,81 12,52% 14.490 7,64%

7: 7 395.384.636,33 24,72% 22.688 11,97%

8: 8 86.464.487,76 5,41% 6.125 3,23%

9: 9 37.637.107,13 2,35% 3.228 1,70%

10:10 3.523.516,18 0,22% 404 0,21%

11:11 515.143,85 0,03% 68 0,04%12:12 127.497,07 0,01% 21 0,01%

Total 1.599.506.673,41 100,00% 189.568 100,00%

Statistics in %

WA Interest 6,01%

*runs from .00 to .99


Santander-Platz 1




Period No 4

13.1 Effective Interest Rate (Graph) Monthly Period Apr 2019



*runs from .00 to .99

0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

350.000.000

400.000.000

450.000.000

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

Cu

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Yield Range*


Santander-Platz 1




Period No 4

14. Seasoning Monthly Period Apr 2019



Seasoning in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans 0: 2 430.221,94 0,03% 44 0,02%

3: 5 70.847.810,38 4,43% 6.601 3,48%

6: 8 353.042.749,51 22,07% 38.390 20,25%

9:11 325.708.647,19 20,36% 37.520 19,79%

12:14 255.356.283,71 15,96% 29.511 15,57%

15:17 151.872.323,88 9,49% 20.021 10,56%

18:20 151.789.495,64 9,49% 18.335 9,67%

21:23 88.201.181,70 5,51% 11.442 6,04%

24:26 77.308.731,73 4,83% 10.273 5,42%

27:29 42.637.475,78 2,67% 6.280 3,31%

30:32 41.405.730,66 2,59% 5.482 2,89%

33:35 17.042.612,91 1,07% 2.611 1,38%

36:38 10.783.969,10 0,67% 1.395 0,74%

39:41 4.604.642,91 0,29% 543 0,29%

42:44 3.092.014,50 0,19% 387 0,20%

45:47 1.164.369,72 0,07% 148 0,08%

48:50 930.778,18 0,06% 114 0,06%

51:53 724.781,33 0,05% 99 0,05%

54:56 1.041.843,31 0,07% 152 0,08%

57:59 765.598,91 0,05% 94 0,05%

60:62 124.811,31 0,01% 18 0,01%

63:65 74.052,81 0,00% 8 0,00%

66:68 113.887,67 0,01% 12 0,01%

69:71 13.723,03 0,00% 4 0,00%

72:74 84.889,10 0,01% 10 0,01%

75:77 57.411,44 0,00% 9 0,00%

78:80 45.465,25 0,00% 9 0,00%

81: 241.169,81 0,02% 56 0,03%

Total 1.599.506.673,41 100,00% 189.568 100,00%

Statistics

WA Seasoning 14,15


Santander-Platz 1




Period No 4

14.1 Seasoning (Graph) Monthly Period Apr 2019



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

350.000.000

400.000.000

0: 2 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

rren

t P

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cip

al

Bala

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Seasoning in Months


Santander-Platz 1




Period No 4

15. Remaining Term Monthly Period Apr 2019



Remaining Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans 0: 6 6.261.052,89 0,39% 14.151 7,46%

7: 13 23.978.245,24 1,50% 18.579 9,80%

14: 20 46.674.628,00 2,92% 20.504 10,82%

21: 27 59.613.903,16 3,73% 17.049 8,99%

28: 34 84.664.914,14 5,29% 18.511 9,76%

35: 41 98.064.643,23 6,13% 14.659 7,73%

42: 48 134.109.630,93 8,38% 14.361 7,58%

49: 55 176.941.130,64 11,06% 15.879 8,38%

56: 62 109.142.479,89 6,82% 7.827 4,13%

63: 69 164.393.623,69 10,28% 10.879 5,74%

70: 76 175.142.467,60 10,95% 11.246 5,93%

77: 83 202.737.931,11 12,68% 11.297 5,96%

84: 90 243.501.461,82 15,22% 11.248 5,93%

91: 97 74.265.636,97 4,64% 3.377 1,78% 98:104 14.924,10 0,00% 1 0,00%

Total 1.599.506.673,41 100,00% 189.568 100,00%

Statistics

WA Remaining Term 61,61


Santander-Platz 1




Period No 4

15.1 Remaining Term (Graph) Monthly Period Apr 2019



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

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

Cu

rren

t P

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cip

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Bala

nce

Remaining Term in Months


Santander-Platz 1




Period No 4

16. Original Term Monthly Period Apr 2019



Original Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans 0: 13 3.147.759,33 0,20% 5.952 3,14%

14: 20 7.851.448,08 0,49% 7.791 4,11%

21: 27 34.197.598,50 2,14% 20.805 10,97%

28: 34 8.741.045,72 0,55% 2.560 1,35%

35: 41 97.185.331,47 6,08% 36.954 19,49%

42: 48 22.103.010,35 1,38% 3.932 2,07%

49: 55 123.121.149,70 7,70% 22.585 11,91%

56: 62 227.004.231,90 14,19% 24.937 13,15%

63: 69 48.213.040,68 3,01% 3.132 1,65%

70: 76 161.912.472,76 10,12% 11.911 6,28%

77: 83 59.779.499,39 3,74% 2.717 1,43%

84: 90 267.011.002,24 16,69% 19.864 10,48%

91: 97 283.746.608,58 17,74% 14.352 7,57%

98:104 253.752.662,60 15,86% 11.970 6,31%

105:111 1.450.095,17 0,09% 83 0,04%

112:118 179.717,12 0,01% 14 0,01%

119: 109.999,82 0,01% 9 0,00%

Total 1.599.506.673,41 100,00% 189.568 100,00%

Statistics

WA Original Term 75,76


Santander-Platz 1




Period No 4

16.1 Original Term (Graph) Monthly Period Apr 2019



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

0: 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 98:104 105:111 112:118 119:

Cu

rren

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cip

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Bala

nce

Original Term in Months


Santander-Platz 1




Period No 4

17. Loan Concentration Monthly Period Apr 2019



Loan Concentration

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans Number of Debtors

Percentage of Total

Debtors

1: 1 1.564.882.385,66 97,84% 178.983 94,42% 178.983 97,31%

2: 2 31.507.867,95 1,97% 8.884 4,69% 4.442 2,41%

3: 3 2.423.188,52 0,15% 1.218 0,64% 406 0,22%

4: 4 427.407,38 0,03% 252 0,13% 63 0,03%

5: 5 146.366,92 0,01% 130 0,07% 26 0,01%

6: 6 81.275,63 0,01% 48 0,03% 8 0,00% 7: 38.181,35 0,00% 53 0,03% 7 0,00%

Total 1.599.506.673,41 100,00% 189.568 100,00% 183.935 100,00%


Santander-Platz 1




Period No 4

18. Priority of Payments + Transaction Costs Monthly Period Apr 2019



Available Interest Amount Available Principal Amount

Interest Collections + 7.692.603,21 € + 78.647.968,70 €

Interest Recoveries + - € + 1.953,20 €-

Interest on Transaction and Purchase Shortfall Account + - € + 3,29 €

Principal Amount borrowed to cover interest shortfall + - € + - €

Available Interest Amount = 7.692.603,21 € + - €

+ - €

+ - €

= 78.646.018,79 €

Interest Priority of Payments Principal Priority of Payments

Available Interest Amount 7.692.603,21 € 78.646.018,79 €

Senior Expenses - - € - - €

Interest on Class A Notes - 597.623,20 € - 78.646.014,91 € Transfer to Available Prinicpal Amount for previous borrowed principal - - € - 3,88 €

Transfer to Available Prinicpal Amount to reduce Class A Notes PDL - - € - - €

Interest on Class B Notes - 74.800,00 € - - €

Transfer to Available Prinicpal Amount for previous borrowed principal

amounts to cover Interest on Class B Notes - - € - - €

Interest on Class C Notes - 137.502,00 € - - €


amounts to cover Interest on Class C Notes - - € - - €

Interest on Class D Notes - 59.584,00 € - - €


amounts to cover Interest on Class D Notes - - € - - €

Interest on Class E Notes - 1.362.130,00 € - - €

Interest on Class F Notes - 917.584,20 € - - €

Cash Outflow for Fees on Commingling/Set-Off/Liquidity Reserve - 59,77 € - - €

Remaining amount to Seller = 4.543.320,04 €

Transaction Costs All notes Class A Class B Class C Class D Class E Class F Senior Expenses - €

Interest accrued for the Period 3.149.223,40 €- 597.623,20 €- 74.800,00 €- 137.502,00 €- 59.584,00 €- 1.362.130,00 €- 917.584,20 €-

Cumulative Interest accrued 10.974.670,40 €- 2.082.748,80 €- 260.664,40 €- 479.166,00 €- 207.640,00 €- 4.746.812,60 €- 3.197.638,60 €-

Interest Payments 3.149.223,40 €- 597.623,20 €- 74.800,00 €- 137.502,00 €- 59.584,00 €- 1.362.130,00 €- 917.584,20 €-

Cumulative Interest Payments 10.974.670,40 €- 2.082.748,80 €- 260.664,40 €- 479.166,00 €- 207.640,00 €- 4.746.812,60 €- 3.197.638,60 €-

Unpaid Interest for the Period - €

Cumulative Unpaid Interest - €

Redemption Class D Notes

Redemption Class E Notes

Redemption Class F Notes

Clearing of rounding differences

Redemption Class A Notes

Transfer to Interest Amount to cover Interest on Class

Redemption Class B Notes


Redemption Class C Notes


Purchase Shortfall Amount

Principal Collections

Principal Recoveries

Purchase Shortfall Amount

Deemed Collections

Class A Notes PDL Cure

Interest Amount for previously borrowed Principal

Amount

Rounding Differences from previous period

Available Principal Amount

Available Principal Amount


Replenishment


Santander-Platz 1




Period No 4

19. Retention Monthly Period Apr 2019



Outstanding Balance of the Class A Notes as of the Offer Date: 1.304.000.000,00 €

1.304.000.000,00 €

1.304.000.000,00 €

1.304.000.000,00 €

Outstanding Balance of the Class B Notes as of the Offer Date: 68.000.000,00 €

68.000.000,00 €

Outstanding Balance of the Class B Notes as of the end of the Monthly Period: 68.000.000,00 €

68.000.000,00 €

Outstanding Balance of the Class C Notes as of the Offer Date: 60.000.000,00 €

3.000.000,00 €

Outstanding Balance of the Class C Notes as of the end of the Monthly Period: 60.000.000,00 €

3.000.000,00 €

Outstanding Balance of the Class D Notes as of the Offer Date: 20.000.000,00 €

1.000.000,00 €

Outstanding Balance of the Class D Notes as of the end of the Monthly Period: 20.000.000,00 €

1.000.000,00 €

Outstanding Balance of the Class E Notes as of the Offer Date: 122.000.000,00 €

6.100.000,00 €

Outstanding Balance of the Class E Notes as of the end of the Monthly Period: 122.000.000,00 €

6.100.000,00 €

Outstanding Balance of the Class F Notes as of the Offer Date: 26.000.000,00 €

26.000.000,00 €

Outstanding Balance of the Class F Notes as of the end of the Monthly Period: 26.000.000,00 €

26.000.000,00 €

Outstanding Balance of the retained Class F Notes as of the Offer Date:

Outstanding Balance of the retained Class F Notes of the end of the Monthly Period:

Outstanding Balance of the retained Class E Notes 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 Consumer 2018-1 securitisation

transaction of at least 5% of the securitised Purchased Receivables pursuant to Art. 405 of the CRR (Regulation (EU) No 575/2013 of the European Parliament and

of the Council of 26 June 2013) by retaining no less than 5 % of the nominal value of each of the tranches sold or transferred to the investors.

Outstanding Balance of the Class A Notes as of the end of the Monthly Period:

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

Outstanding Balance of the retained Class A Notes as of the Offer Date:

Outstanding Balance of the retained Class A Notes of the end of the Monthly Period:

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

Outstanding Balance of the retained Class C Notes as of the Offer Date:

Outstanding Balance of the retained Class C Notes of the end of the Monthly Period:

Outstanding Balance of the retained Class D Notes as of the Offer Date:

Outstanding Balance of the retained Class D Notes of the end of the Monthly Period:

Outstanding Balance of the retained Class E Notes as of the Offer Date:


Santander-Platz 1


SC Germany Consumer 2018-1 11.04.2019

Monthly Investor Report 15.04.2019

4

20. Counterparties Apr 2019

from 13.03.2019 to 15.04.2019 = 33 days

from 01.03.2019 to 31.03.2019

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

Counterparty

status

Join Lead Managers: Banco Santander S.A. AH R-1M STABLE A A-1 STABLE performing

Santander Global Banking and Markets

2 Triton Square

Regent's Place

London NW1 3AN

United Kingdom

Paying Agent: HSBC Bank plc - - - AA- A-1+ STABLE performing

Level 28, 8 Canada Square

London E14 5HQ

United Kingdom

Transaction Account: HSBC Bank plc - - - AA- A-1+ STABLE performing

Level 28, 8 Canada Square

London E14 5HQ

United Kingdom

Transaction Security Trustee: TMF Trustee Limited - - - - - - performing

6 St Andrew Street

London EC4A 3AE

United Kingdom

Data Trustee: TMF Deutschland AG - - - - - - performing

Eschenheimer Anlage 1

60316 Frankfurt am Main

Germany

Rating Agencies: Standard & Poor's Ratings Services DBRS

Structured Finance Surveillance Team

20 Canada Square 1 Minster Court

E14 5LH London London EC3R 7AA

United Kingdom United Kingdom

Ratings as of 31.03.2019, data source: Bloomberg

DBRS S & P

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period

Collection Period


Santander-Platz 1




Period No 4

21. Issuer Information Monthly Period 15.04.2019



Deal Name: SC Germany Consumer 2018-1

Issuer: SC Germany Consumer 2018-1 UG (haftungsbeschränkt)

The Managing Directors

Steinweg 3-5


Germany

eMail [email protected]

fax +49 (0) 69 2992 5387

LEI: 5299002IKYMFTWDCV672

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


Germany


fax +49 (0) 69 2992 5387


Santander-Platz 1




4

22. Santander Consumer Bank Apr 2019

from 13.03.2019 to 15.04.2019 = 33 days

from 01.03.2019 to 31.03.2019

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]

Robert Westermann +49-2161-690-7424 [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 31.03.2019, data source: Bloomberg

Interest Period

Collection Period

Reporting Date

Payment Date

Period No

Monthly Period


Santander Consumer Finance S.A.

DBRS

Banco Santander S.A.

S & P


Santander-Platz 1


mailto:[email protected]





4

23. Glossary Apr 2019

from 13.03.2019 to 15.04.2019 = 33 days

from 01.03.2019 to 31.03.2019

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.

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.

Excess Spread: Excess Spread equals WA Portfolio Yield minus Fixed Swap Rate minus WA Notes Margin

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 inter alia (a) a 30% constant prepayment rate, (b) an exercised Clean-Up Call at 10%,

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

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

Collection Period

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period

sc germany consumer 2018-1 monthly investor report · sc germany consumer 2018-1 reporting date...

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