vcl master compartment 1 - true sale international · publication date: 18.01.2016 period: 12.2015...

Publication date: 18.01.2016

Period: 12.2015 / Period no. 72

Index

Deal name: VCL Master Compartment 1

Issuer: VCL Master S.A.

acting with respect to its Compartment 1

52-54 avenue du X Septembre

L-2550 Luxembourg

Luxembourg

Tel.: +35 602 491

Fax: +35 645 9628

Originator of the receivables: Volkswagen Leasing GmbH

Seller of the receivables: Volkswagen Leasing GmbH

Servicer name: Volkswagen Leasing GmbH

Reporting entity: Volkswagen Leasing GmbH

ABS Operations

Käferweg, 4 Building E

38112 Braunschweig

Federal Republic of Germany

Contact: Phone: +49 531 212 87510

Fax: +49 531 212 77540

Email: [email protected]

Corporate service provider: Wilmington Trust SP Services

(Luxembourg) S.A.

52-54 avenue du X Septembre

L-2550 Luxembourg

Luxembourg

Tel.: +35 2602 491

Fax: +35 2645 9628


Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 1 / 36



Index

Reporting details

Deal overview

Cut-Off-Date 31.12.2009 Publication date:

Scheduled date of Clean-Up-

Calln.a. Payment date:

Legal final maturity date 25.09.2022 Reporting date:

Issue date 21.01.2010 Asset collection period:

Period no.: 72 Interest accrual period

Reporting frequency: monthly Note payment period:

Next payment date: 25.02.2016 Days accrued:

Type of car at pool cutNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage outstanding

discounted balance

New cars 29.020 92,34% 368.009.832,18 € 92,26%

Used cars 1.668 5,31% 19.348.045,09 € 4,85%

Demonstration cars 740 2,35% 11.503.919,62 € 2,88%

Total 31.428 100,00% 398.861.796,89 € 100,00%

Type of product at pool cutNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage outstanding

discounted balance

Closed end contract 1.252 3,98% 13.406.957,93 € 3,36%

Open end lease contract 30.176 96,02% 385.454.838,96 € 96,64%

Total 31.428 100,00% 398.861.796,89 100,00%

27

18.01.2016 (18th of each month)

31.12.2015 (last day of each month)

from 01.12.2015 until 31.12.2015

from 29.12.2015 until 25.01.2016

from 29.12.2015 until 25.01.2016

25.01.2016 (25th of each month)




Index

Parties overview

Lead manager: HSBC Bank plc Wilmington Trust SP

8 Canada Square Services (Frankfurt) GmbH

London E14 5HQ Steinweg 3-5

United Kingdom D-60313 Frankfurt am Main

Email: [email protected] Germany

Fax +49 (0) 69 2992 5387


Paying agent/ HSBC Bank plc Data protection Volkswagen Bank GmbH

Calculation agent/ 8 Canada Square trustee: Gifhorner Straße 57

Interest determination agent: London E14 5HQ D-38112 Braunschweig

United Kingdom Germany

Email: [email protected] Email: [email protected]

Fax: +49 (0) 531 212 7 23 67

Account bank: BNY Mellon Clearing systems: Clearstream Banking S.A.

One Canada Square 42 Avenue JF Kennedy

London E14 5AL L-1885 Luxembourg

United Kingdom Luxembourg

Email: [email protected] Email: [email protected]

Euroclear Banking S.A./ N.V.

1 Boulevard du Roi Albert II.

B-1210 Brussels

Belgium

Tel.: +32 (0)2 326 1211

Swap counterparty: DZ Bank AG Rating agencies: Fitch Ratings Limited

Platz der Republik Attn.: Structured Finance Surveillance

60265 Frankfurt am Main 4th Floor, 101 Finsbury Pavement

Germany London EC2A 1RS

Email: [email protected] United Kingdom


Bank of Nova Scotia Fax: +44 (20) 7417 6262

40 King Street West

Toronto, M5H 3Y2 Standard & Poor's Ratings Group

Email: [email protected] Attn.: Structured Finance

Fax: 416 933 2291 Standard & Poor's Ratings Services

20 Canada Square

Credit Agricole SA Canary Wharf

Corporate and Investment Bank London E14 5LH

12 Place de etats-unis United Kingdom

92127 Montrouge Cedex Email: [email protected]


Fax: 1 4189 3916

Mitsubishi UFJ Securities International plc

Broadgate 6

London, EC2M 2 AA


Fax: 207 577 2875

Tel: 207 577 2657

Corporate service Wilmington Trust SP Services Servicer: Volkswagen Leasing GmbH

provider: (Luxembourg) S.A. Gifhorner Str. 57

52-54 avenue du X Septembre D-38112 Braunschweig

L-2550 Luxembourg Germany

Luxembourg Email: [email protected]

Email: [email protected] Fax: + 49 531 212 77540

Fax: +352 2645 9628 Tel.: +49 531 212 84952

Tel.: +352 2602 491

Security trustee /

Process Agent:




Index

Transaction events I

Clean-up-call

321,03%

10,00%

Repurchase of receivables Number of contracts Percentage of contractsOutstanding discounted

balance

Percentage of outstanding

discounted balanceRe-Purchase price

Current period - - - - -

Previous periods - - - - -

Total - - - - -

Transaction party replacements

Capacity of transaction party Date of replacement Reason for replacement Replaced party Replaced by

SWAP counterparty Series A 2010-1 25.11.2011 Renewal CommerzBank BBVA

SWAP counterparty Series A 2010-2 25.11.2011 Renewal Commerzbank BBVA



SWAP counterparty Series A 2011-1 25.11.2011 Renewal HSBC DZ Bank

Account Bank 26.11.2012 Renewal HSBC BNY

Subloan Lender 26.11.2012 Renewal VIPS VIL

SWAP counterparty Series A 2010-1 26.11.2012 Renewal BBVA RBI

SWAP counterparty Series A 2010-2 26.11.2012 Renewal BBVA Commerzbank

SWAP counterparty Series A 2010-4 26.11.2012 Renewal BBVA DZ Bank

SWAP counterparty Series A 2011-2 26.11.2012 Renewal DZ Bank SEB

SWAP counterparty Series A 2010-3 25.01.2013 Downgrade BBVA Helaba

SWAP counterparty Series A 2010-1 25.10.2013 Renewal RBI HSBC

SWAP counterparty Series A 2010-2 25.10.2013 Renewal Commerzbank RBI

SWAP counterparty Series A 2011-2 25.10.2013 Renewal SEB HSBC

SWAP counterparty Series A 2012-2 25.10.2013 Renewal Credit Agricole HSBC

SWAP counterparty Series A 2012-3 25.10.2013 Renewal DZ Bank HSBC

SWAP counterparty Series A 2012-4 25.10.2013 Renewal DZ Bank RBI

Investor Series A 2011-2 25.09.2014 Exchange of Inestors BAML BNP Paribas

SWAP counterparty Series A 2010-2 25.09.2014 Renewal RBI HSBC

SWAP counterparty Series A 2010-4 25.09.2014 Renewal DZ Bank Scotia

SWAP counterparty Series A 2011-2 25.09.2014 Renewal HSBC BNP Paribas

SWAP counterparty Series A 2012-1 25.09.2014 Renewal RBI Scotia

SWAP counterparty Series A 2012-3 25.09.2014 Renewal HSBC Credit Agricole

SWAP counterparty Series A 2012-4 25.09.2014 Renewal RBI MUFG



SWAP counterparty Series A 2010-2 25.10.2015 Renewal HSBC Scotia

SWAP counterparty Series A 2010-4 25.10.2015 Renewal Scotia DZ Bank

SWAP counterparty Series A 2011-2 25.10.2015 Renewal BNP Paribas Scotia

SWAP counterparty Series A 2012-2 25.10.2015 Renewal HSBC Credit Agricole



SWAP counterparty Series B 2014-1 25.10.2015 Renewal HSBC Credit Agricole

SWAP counterparty Series B 2014-2 25.10.2015 Renewal DZ Bank Scotia

SWAP counterparty Series B 2014-3 25.10.2015 Renewal DZ Bank Scotia

SWAP counterparty Series B 2014-4 25.10.2015 Renewal DZ Bank Credit Agricole

Clean-Up-Call condition

If a repurchase of receivables occurred, it would only result from non-eligibility as of the respective Cut-Off-Date (which has been discovered at a later stage).

Percentage of current outstanding discounted portfolio

Min. Percentage of outstanding discounted portfolio

Fulfilled when the aggregate discounted Balance is less than 10% of the Initial discounted balance as of initial Cut-Off date provided that all payment obligations under the Compartment 1

notes will be thereby fulfilled.

*N.B. This percentage may become greater 100% whenever the current total outstanding discounted balance is larger than the Initial discounted balance as of initial Cut-Off-Date.




Index

Transaction events II

Revolving period Spalte1

Series revolving period expiration date of

the last outstanding series of compartment

1 notes

25.09.2016

Date of occurance of an early amortisation

event-

Compartment 1 revolving period 25.09.2016

Accumulation account balance 31.12.2015 31.01.2016

Amounts not invested for the purchase of

additional assets0,00 € 48.343.294,29 €

Percentage not invested for the purchase of

additional assets0,00% 3,64%

Dynamic net loss ratio Ratio > 0,4% ≥ 1,0% ≥ 2,0% ≥ 2,8%31.10.2015 0,00738% No No No No

30.11.2015 0,00989% No No No No

31.12.2015 0,01911% No No No No

Cumulative net loss ratio Ratio > 0,45% ≥ 1,2% ≥ 1,75% ≥ 2,25%

31.10.2015 0,09403% No No No No

30.11.2015 0,09151% No No No No

31.12.2015 0,09349% No No No No

No

not in effect- -

0,40% No1,00% No2,00% No2,80% No

- -0,45% No1,20% No1,75% No2,25% No

- No (d) - No (e) - No (f) - No

No

No450,00%

0,00 €

not in effect

No

No

No

No

No

No

No

km-settlement reserve Number of contracts Discounted balancePercentage of total

discounted balanceNominal balance

Consumer contracts with km-settlement 7.213 15.757.656,69 € 1,23% 16.269.077,25 € No

(i) Occurence of a foreclosure event

(ii) VCL Master Compartment 1 accumulation account balance > 10% of total discounted lease receivables on two consecutive months

(iii) VCL Master Compartment 2 accumulation account balance > 10% of total discounted expectancy rights on three consecutive months

(v) In case of default/termination event: failure to replace swap counterparty or failure to post collatereal by swap counterparty

(vi) Six payment dates after the initial issue date, the Class A Actual Overcollateralisation Percentage is lower than 13% the initial

overcollateralisation percentage

(iv) VCL Master RV Compartment 1 accumulation account balance > 10% of total discounted expectancy rights on three consecutive

(i) if weighted average seasoning is less or equal 12,5 months

Early amortisation event

f) the cash collateral account does not contain the compartment 1 specified general cash collateral account

a) the dynamic net loss ratio for three consecutive payment dates exceeds and

Enforcement event

Credit enhancement increase condition

(iv) if weighted average seasoning is > 36,4 months

c) the late delinquency ratio exceeds 3% at any payment date

d) the occurence of a servicer replacement event

e) the occurence of an insolvency event with respect to VWL

German trade tax increase event has occured

German trade tax decrease event has occured

Current german trade tax level (Hebesatz)

German trade tax increase-/ decrease amount

German trade tax

(vii) Six payment dates after the initial issue date, the Class B Actual Overcollateralisation Percentage is lower than 9,5% the initial

overcollateralisation percentage

12.881.402.403,97 €Discounted balance of all initial and additional assets

Weighted average seasoning

Discounted balance as of the previous period 1.329.053.091,19 €

Late delinqency ratio

9,82

0,48159%

(ii) if weighted average seasoning is between 12,5 (incl.) - 24,5 (excl.) months

(iii) if weighted average seasoning is between 24,5 (incl.) - 36,4 (incl.) months

(i) if weighted average seasoning is less 12,5 months

(ii) if weighted average seasoning is between 12,5 (incl.) - 24,5 (excl.) months

(iii) if weighted average seasoning is between 24,5 (incl.) - 36,4 (incl.) months

(iv) if weighted average seasoning is > 36,4 months

b) the cumulative net loss ratio exeeds and




Index

Transaction events III

Account bank

BNY Mellon Long term Short term Outlook Long term Short term OutlookCurrent rating* AA- F1+ stable A A-1 stable

Minimum required rating A F1 - A A-1 -(if no short term rating available, the higher long

term rating is applicable)- - - - - -

BNY Mellon

Required rating: Fulfilled

Swap counterparty

DZ Bank AG Long term Short term Outlook Long term Short term OutlookCurrent rating* AA- F1+ stable AA- A-1+ stable

Minimum required rating A F1 - A A-1 -

(if no short term rating available, the higher long


DZ Bank AG


Swap counterparty

Bank of Nova Scotia Long term Short term Outlook Long term Short term OutlookCurrent rating* AA- F1+ stable A+ A-1 stable



Bank of Nova Scotia


Swap counterparty

BNP Paribas Long term Short term Outlook Long term Short term OutlookCurrent rating* A+ F1 stable A+ A-1 under review down



BNP Paribas


Swap counterparty

Crédit Agricole Long term Short term Outlook Long term Short term OutlookCurrent rating* A F1 positive A A-1 stable



Crédit Agricole


Swap counterparty

MUFG Long term Short term Outlook Long term Short term OutlookCurrent rating* A F1 positive A A-1 under review up



Mitsubishi UFJ Securities International plc


Swap counterparty

HSBC Bank plc Long term Short term Outlook Long term Short term OutlookCurrent rating* AA- F1+ stable A A-1 stable

Minimum required rating A F1 - A - -(if no short term rating available, the higher long


HSBC Bank plc


Volkswagen AG Long term Short term Outlook Long term Short term OutlookCurrent rating BBB+ - negative BBB+ A-2 negative

Minimum required rating A F1 - BBB A-2 -

Required rating: Not fulfilledVolkswagen AG

Volkswagen Financial Services AG Long term Short term Outlook Long term Short term OutlookCurrent rating BBB+ - negative BBB+ A-2 negative

Minimum required rating A F1 - BBB A-2 -

Volkswagen Financial Services AG Required rating: Not fulfilled

*Ratings last updated on 04/01/2016

Fitch (no public rating) S&P

S&P

Fitch (no public rating) S&P

If the swap bank falls below the above mentioned minimum rating (Level I) it shall provide eligible credit support by

means of cash or certain types of prime debt obligations

If the swap bank ceases to have the even lower rating as an eligible swap counterparty (Level II) it shall, at its own cost,

(i) transfer all rights and obligations under the swap agreement to another eligible swap partner or

(ii) provide a guarantee from an eligible guarantor.

If none of the measures is taken within a given timespan, the Issuer may enter into new arrangements at its own

initiative with another swap bank.

(Please refer to the prospectus for a complete description of the mechanism)

Fitch S&P









Fitch S&P









Fitch

Fitch S&P









S&PFitch

If the account bank ceases to have the account bank required rating it shall, at its own cost,

(i) transfer the accounts to an eligible collateral bank, or

(ii) provide a guarantee from an eligible guarantor, or

(iii) take any other action in order to maintain the rating of the notes.

If none of the measures is taken within a given timespan, the issuer may enter into new banking arrangements at its

own initiative with another account bank.

(Please refer to the prospectus for a complete description of the mechanism)Fitch

S&P









Fitch S&P










Information regarding the notes I

Rating at issue date Series A 2010-1 Series A 2010-2 Series A 2010-4 Series A 2011-2 Series A 2012-1 Series A 2012-2 Series A 2012-3 Series A 2012-4 Series A 2013-1 Series A 2013-2 Series A 2015-1 Series B 2014-1 Series B 2014-2 Series B 2014-3 Series B 2014-4

Fitch AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AA (sf) AA (sf) AA (sf) AA (sf)

Standard & Poors AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) A+ (sf) A+ (sf) A+ (sf) A+ (sf)

Current rating Series A 2010-1 Series A 2010-2 Series A 2010-4 Series A 2011-2 Series A 2012-1 Series A 2012-2 Series A 2012-3 Series A 2012-4 Series A 2013-1 Series A 2013-2 Series A 2015-1 Series B 2014-1 Series B 2014-2 Series B 2014-3 Series B 2014-4

Fitch AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AA (sf) AA (sf) AA (sf) AA (sf)

Standard & Poors AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) AAA(sf) A+ (sf) A+ (sf) A+ (sf) A+ (sf)

Information on notes Series A 2010-1 Series A 2010-2 Series A 2010-4 Series A 2011-2 Series A 2012-1 Series A 2012-2 Series A 2012-3 Series A 2012-4 Series A 2013-1 Series A 2013-2 Series A 2015-1 Series B 2014-1 Series B 2014-2 Series B 2014-3 Series B 2014-4

ISIN XS0480715464 XS0480715548 XS0480716199 XS0646441575 XS0857704976 XS0857705353 XS0857705866 XS0857706161 XS0950403229 XS0974292350 XS1309693643 XS1112835910 XS1112836645 XS1112837379 XS1112837882

Common code 048071546 048071554 048071619 064644157 085770497 085770535 085770586 085770616 095040322 097429235 130969364 111283591 111283664 111283737 111283788

Original face value 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 €

Spread / Margin 0,2000% 0,2000% 0,2000% 0,2000% 0,2000% 0,2000% 0,2000% 0,2000% 0,2000% 0,2000% 0,2000% 0,6000% 0,6000% 0,6000% 0,6000%

Current coupon 0,0000% 0,0000% 0,0000% 0,0000% 0,0000% 0,0000% 0,0000% 0,0000% 0,0000% 0,0000% 0,0000% 0,3990% 0,3990% 0,3990% 0,3990%

Information on notes Class A-Series Class B-Series

Legal final maturity date Sep 22 Sep 22

Fixed/Floating floating floating

Day count convention actual/360 actual/360

Index rate (1-Month-Euribor) -0,2010% -0,2010%

Class A Notes Class B Notes




Index

Information regarding the notes II

Monthly period:

Payment date:

Interest accrual period (from/until)

Days accrued

Index rate

Base interest rate:

Day count convention

Interest payments Total Class A and B Series A 2010-1 Series A 2010-2 Series A 2010-4 Series A 2011-2 Series A 2012-1 Series A 2012-2 Series A 2012-3 Series A 2012-4 Series A 2013-1 Series A 2013-2 Series A 2015-1 Total Class A Series B 2014-1 Series B 2014-2 Series B 2014-3 Series B 2014-4 Total Class B

Total interest amount of the reporting period 14.034,83 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 4.728,15 € 3.740,63 € 4.069,80 € 1.496,25 € 14.034,83 €

Paid interest 14.034,83 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 4.728,15 € 3.740,63 € 4.069,80 € 1.496,25 € 14.034,83 €

Unpaid Interest Spalte1 Spalte2 Spalte3 Spalte4 Spalte5 Spalte6 Spalte7 Spalte8 Spalte9 Spalte10 Spalte11 Spalte12 Spalte22 Spalte23 Spalte24 Spalte25 Spalte26 Spalte33

Unpaid interest of the reporting period 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 €

Cumulative unpaid interest 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 €

Note balance Class A Class B Spalte1 Spalte3 Spalte5 Spalte6 Spalte7 Spalte8 Spalte9 Spalte10 Spalte11 Spalte12 Spalte22 Spalte23 Spalte24 Spalte25 Spalte26 Spalte33

Note balance as of the beginning of the period 1.180.700.000,00 € 138.500.000,00 € 169.800.000,00 € 95.300.000,00 € 73.500.000,00 € 52.000.000,00 € 89.700.000,00 € 89.700.000,00 € 167.000.000,00 € 89.700.000,00 € 83.200.000,00 € 85.400.000,00 € 1.133.800.000,00 € 15.800.000,00 € 12.500.000,00 € 13.600.000,00 € 5.000.000,00 € 46.900.000,00 €

Additional issue amount 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 €

Redemption amount due to amortizing series 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 €

Term take out redemption 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 €

Class balance as of the end of the period 1.180.700.000,00 € 138.500.000,00 € 169.800.000,00 € 95.300.000,00 € 73.500.000,00 € 52.000.000,00 € 89.700.000,00 € 89.700.000,00 € 167.000.000,00 € 89.700.000,00 € 83.200.000,00 € 85.400.000,00 € 1.133.800.000,00 € 15.800.000,00 € 12.500.000,00 € 13.600.000,00 € 5.000.000,00 € 46.900.000,00 €

Payments to Investors per note Class A Class B Spalte1 Spalte3 Spalte5 Spalte6 Spalte7 Spalte8 Spalte9 Spalte10 Spalte11 Spalte12 Spalte22 Spalte23 Spalte24 Spalte25 Spalte26 Spalte33

Interest - 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0 0 0 29,93 29,93 29,93 29,93 0

Principal repayment by note - 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0 0 0 0 0 0 0 0

Total - 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 0,00 € 29,93 € 29,93 € 29,93 € 29,93 € 0,00 €

Notes Spalte2 Spalte3 Spalte4 Spalte5 Spalte6 Spalte7 Spalte8 Spalte9 Spalte10 Spalte11 Spalte12 Spalte13 Spalte23 Spalte24 Spalte25 Spalte26 Spalte27 Spalte34

Number of notes as of the beginning of the period 11.807 1.385 1.698 953 735 520 897 897 1.670 897 832 854 11.338 158 125 136 50 469

Increase of outstanding notes from tap-up 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Reduction of outstanding notes from term take out 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Number of notes as of the end of the period 11.807 1.385 1.698 953 735 520 897 897 1.670 897 832 854 11.338 158 125 136 50 469

Face value per note - 100.000,00 100.000,00 100.000,00 100.000,00 100.000,00 100.000,00 100.000,00 100.000,00 100.000,00 100.000,00 100.000 100.000 100.000 100.000 100.000 100.000 100.000

Balance per note - 100.000,00 100.000,00 100.000,00 100.000,00 100.000,00 100.000,00 100.000,00 100.000,00 100.000,00 100.000,00 100.000 100.000 100.000 100.000 100.000 100.000 100.000

Note factor - 1,000000 1,000000 1,000000 1,000000 1,000000 1,000000 1,000000 1,000000 1,000000 1,000000 1,000000 1,000000 1,000000 1,000000 1,000000 1,000000 1,000000

Overcollateralisation Class A Class B Spalte1 Spalte3 Spalte5 Spalte6 Spalte7 Spalte8 Spalte9 Spalte10 Spalte11 Spalte12 Spalte22 Spalte23 Spalte24 Spalte25 Spalte26 Spalte33

Current OC amount 23.823.467,11 € 29.207.398,67 € 16.392.609,50 € 12.642.778,58 € 8.944.550,83 € 15.429.350,18 € 15.429.350,18 € 28.725.769,01 € 15.429.350,18 € 14.311.281,33 € 14.689.704,63 € 195.025.610,19 € 49.901.591,49 € 39.479.107,19 € 42.953.268,63 € 15.791.642,88 € 148.125.610,19 €

Current OC percentage 14,6765% 14,6765% 14,6765% 14,6765% 14,6765% 14,6765% 14,6765% 14,6765% 14,6765% 14,6765% 14,6765% 14,6765% 11,1471% 11,1471% 11,1471% 11,1471% 11,1471%

Target OC percentage (revolving period/ amortising period) 17,0% / 20,0% 17,0% / 20,0% 17,0% / 20,0% 17,0% / 20,0% 17,0% / 20,0% 17,0% / 20,0% 17,0% / 20,0% 17,0% / 20,0% 17,0% / 20,0% 17,0% / 20,0% 17,0% / 20,0% 17,0% / 20,0% 13,5% / 16,5% 13,5% / 16,5% 13,5% / 16,5% 13,5% / 16,5% 13,5% / 16,5%

Subordinated loan -Balance as of the beginning of the period 74.428.418,79 €

Balance increase from tap up 0,00 €

Redemption payments from term take out 0,00 €

Regular redemption from waterfall 0,00 €

Redemption from cash collateral account 585.124,03 €

Balance as of the end of the period 73.843.294,76 €

Capitalization of interest 0,00 €

Current OC amount (before TU / TTO) 73.697.191,40 €

Current OC percentage (before TU / TTO) 5,5460%

Current OC amount (after TU / TTO) 74.282.315,43 €

Current OC percentage (after TU / TTO) 5,5901%

Class B NotesClass A Notes

-0,2010%

actual/360

12.2015

25.01.2016

29.12.2015 until 25.01.2016

27

1-Month-Euribor




Index

Credit enhancement

Cash collateral account (CCA) in EUR

Initial balance at poolcut plus increases from

tap-up/decrease from TTO15.347.011,74 €

Thereof general cash reserve 15.347.011,74 €

Thereof german trade tax risk reserve 0,00 €

Targeted balance (floor) 14.640.680,00 €



Balance as of the beginning of the period 15.347.011,74 €



Payments -706.331,74 €

General payment from CCA 706.331,74 €

General payment to CCA 0,00 €

Payment from CCA due to TTO 0,00 €

Payment to CCA due to tap-up 0,00 €

Balance as of the end of the period 14.640.680,00 €



General cash reserve in percent of total current

note balance1,24%

Minimum specified general cash collateral

amount of maximum discounted balance0,60%

Accrued interest -1.499,81 €

Set off risk

There is no set off risk applicable.




Index

Swap fixing / Waterfall

Amortising interest rate swap Class A Class B

Underlying principal for reporting period 1.133.800.000,00 € 46.900.000,00 €

Paying leg Fix interest rate Fix interest rate

Receiving leg Floating interest rate Floating interest rate

Net swap payments / receipts 200.748,33 € 8.594,42 €

Available distribution amount calculation Payment to waterfall position Remaining amount

1) Available collections amount 54.573.344,98 € 54.573.344,98 €

2) Accumulation account interest 0,00 € 54.573.344,98 €

3) Net swap receipts 0,00 € 54.573.344,98 €

4) Payments from the cash collateral account as provided for in clause 23.2 of the

trust agreement0,00 € 54.573.344,98 €

5) Payments from any further distribution account made on the immediately

preceding payment date0,00 € 54.573.344,98 €

6) German trade tax risk reserve decrease amount released persuant to clasue 22.3

second of the trust agreement0,00 € 54.573.344,98 €

7) In case of an early amortisation event or after termination the revolving period,

transfers from the accumulation account to the distribution account pursuant to

clause 23.4 of the trust agreement

0,00 € 54.573.344,98 €

8) Buffer release amount -4.823.061,74 € 49.750.283,24 €

9) Repayment to Volkswagen Leasing of any excess servicer advance over the actual

lease receivables collections amount0,00 € 49.750.283,24 €

Purchase price amount (clean-up call) 0,00 € 49.750.283,24 €

Remaining amount from previous period 0,00 € 49.750.283,24 €

Waterfall Payment to waterfall position Remaining amount

Available distribution amount - 49.750.283,24 €

1) Taxes 0,00 € 49.750.283,24 €

2) Payment to security trustee 0,00 € 49.750.283,24 €

2.1) Payment to security trustee 0,00 € 49.750.283,24 €

2.2) Payment to succesor of security trustee 0,00 € 49.750.283,24 €

3) Payment in respect of fees I -1.107.544,24 € 48.642.739,00 €

3.i) Payment to the Corporate servicer provider 0,00 € 49.750.283,24 €

3.ii) Payment to the data protection trustee 0,00 € 49.750.283,24 €

3.iii) Servicing fee -1.107.544,24 € 48.642.739,00 €

3.iv) Payment to rating agencies 0,00 € 48.642.739,00 €

3.v) Payment to process agent and the english process agent 0,00 € 48.642.739,00 €

4) Payment in respect of fees II -76.067,13 € 48.566.671,87 €

4.i) Payment to directors of the issuer 0,00 € 48.642.739,00 €

4.ii) Payment to issuer in respect of other administration costs and expenses -16.607,73 € 48.626.131,27 €

4.ii) Payment in respect of listing of the notes 0,00 € 48.626.131,27 €

4.ii) Payment in respect of admission to trading 0,00 € 48.626.131,27 €

4.ii) Payment in respect of auditors' fees -59.459,40 € 48.566.671,87 €

4.ii) Tax filing fees 0,00 € 48.566.671,87 €

4.ii) Annual return or excempt company status fees 0,00 € 48.566.671,87 €

5) Payment to account bank, cash administrator, principal paying agent, interest

determination agent and calculation agent0,00 € 48.566.671,87 €

6) Equal rank swap payments - Series A and B -209.342,75 € 48.357.329,12 €

- Net swap payments on series A 2010-1 -23.083,33 € 48.543.588,54 €











- Net swap payments on series B 2014-1 -2.895,35 € 48.363.028,19 €



- Net swap payments on series B 2014-4 -916,25 € 48.357.329,12 €

7) Interest payment class A 0,00 € 48.357.329,12 €

(a) Accrued interest & (b) interest shortfalls on series A 2010-1 0,00 € 48.357.329,12 €











8) Interest payment class B -14.034,83 € 48.343.294,29 €

(a) Accrued interest & (b) interest shortfalls on series B 2014-1 -4.728,15 € 48.352.600,97 €




9) Payment to cash collateral account until the general CCA = specified general CCA 0,00 € 48.343.294,29 €

10) Payment to CCA due to german trade tax increase event 0,00 € 48.343.294,29 €

11) Redemption amount class A 0,00 € 48.343.294,29 €

(a) Redemption on series A 2010-1 0,00 € 48.343.294,29 €











Remaining rounding amount from current period class A 0,00 € 48.343.294,29 €

Class A accumulation account -48.343.294,29 € 0,00 €

12) Redemption amount class B 0,00 € 0,00 €

(a) Redemption on series B 2014-1 0,00 € 0,00 €




Remaining rounding amount from current period class B 0,00 € 0,00 €

Class B accumulation account 0,00 € 0,00 €

13) Payments to swap counterparties, not subsumed under item sixth 0,00 € 0,00 €

14) All excess to the relevant distribution account until all expectancy rights are

redeemed in full in case of an Insolvency event0,00 € 0,00 €

15) Accrued and unpaid interest on the subordinated loan 0,00 € 0,00 €

15.1) Interest subordinated loan 0,00 € 0,00 €

15.2) Unpaid interest subordinated loan 0,00 € 0,00 €

16) Redemption subordinated loan 0,00 € 0,00 €

17) Final success fee 0,00 € 0,00 €

Distribution of cash collateral account surplus Payment to waterfall position Remaining amount

Payment from CCA - Payment to subordinated lender 706.331,74 € 706.331,74 €

Payment in respect of regular interest to subordinated lender -66.978,52 € 639.353,22 €

Payment in respect of interest shortfalls to subordinated lender -54.229,19 € 585.124,03 €

Payment in respect of regular redemption to subordinated lender -585.124,03 € 0,00 €

Final success fee 0,00 € 0,00 €

Payments due to term take out - not part of the waterfall Payment Remaining amount

Purchase price from term take out 0,00 € 0,00 €

Redemption class A 0,00 € 0,00 €

Redemption class B 0,00 € 0,00 €

Redemption subordinated loan 0,00 € 0,00 €




Index

Retention of net economic interest

Retention amount at poolcut

Type of assetNumber of

contracts

Percentage of

contracts

Outstanding

nominal balance

Percentage of

nominal balance

Portfolio sold to SPV n.a. n.a. n.a. n.a.

Retention of VW Leasing n.a. n.a. n.a. n.a.

Total n.a. n.a. n.a. n.a.

Retention amounts - -2

Minimum retention n.a. n.a.

Actual retention n.a. n.a.

Retention amount end of reporting period

Type of assetNumber of

contracts

Percentage of

contracts

Outstanding

nominal balance

Percentage of

nominal balance

Portfolio sold to SPV 137.706 92,13% 1.379.988.105,10 € 92,25%

Retention of VW Leasing 11.764 7,87% 115.998.181,70 € 7,75%

Total 149.470 100,00% 1.495.986.286,80 € 100,00%

Retention amounts - -2

Minimum retention 72.630.952,90 € 5,00%

Actual retention 115.998.181,70 € 7,75%

article 405 Abs. 1 c CRR.

By adhering to option c) of the direction, Volkwagen Leasing GmbH will keep the exposures

designated for retention on its balance sheet on an ongoing basis.

The latest end of month level of retention will be published on a monthly basis

within the investor report.

In its capacity as originator and original lender, Volkswagen Leasing GmbH complies

with the retention requirements of a material net economic interest in accordance with




Index

Amortisation profile I

Note class

Payment date Actual note balance Forecasted note balance Actual note balance2 Forecasted note balance3

Poolcut 345.000.000,00 € - - -

02.2010 493.000.000,00 € - - -

03.2010 493.000.000,00 € - - -

04.2010 493.000.000,00 € - - -

05.2010 493.000.000,00 € - - -

06.2010 493.000.000,00 € - - -

07.2010 793.000.000,00 € - - -

08.2010 793.000.000,00 € - - -

09.2010 316.500.000,00 € - - -

10.2010 491.500.000,00 € - - -

11.2010 589.800.000,00 € - - -

12.2010 589.800.000,00 € - - -

01.2011 589.800.000,00 € - - -

02.2011 944.400.000,00 € - - -

03.2011 1.064.400.000,00 € - - -

04.2011 329.700.000,00 € - - -

05.2011 572.600.000,00 € - - -

06.2011 743.100.000,00 € - - -

07.2011 917.400.000,00 € - - -

08.2011 1.084.800.000,00 € - - -

09.2011 1.236.700.000,00 € - - -

10.2011 502.400.000,00 € - - -

11.2011 830.000.000,00 € - - -

12.2011 830.000.000,00 € - - -

01.2012 1.133.000.000,00 € - - -

02.2012 1.293.000.000,00 € - - -

03.2012 564.000.000,00 € - - -

04.2012 745.800.000,00 € - - -

05.2012 934.300.000,00 € - - -

06.2012 934.300.000,00 € - - -

07.2012 1.223.700.000,00 € - - -

08.2012 1.349.500.000,00 € - - -

09.2012 1.549.500.000,00 € - - -

10.2012 575.000.000,00 € - - -

11.2012 857.000.000,00 € - - -

12.2012 1.045.000.000,00 € - - -

01.2013 1.191.929.609,32 € - - -

02.2013 1.318.791.416,55 € - - -

03.2013 651.499.397,96 € - - -

04.2013 874.785.524,94 € - - -

05.2013 1.046.586.137,15 € - - -

06.2013 1.193.773.220,72 € - - -

07.2013 1.346.631.332,75 € - - -

08.2013 1.466.823.496,94 € - - -

09.2013 1.592.261.638,76 € - - -

10.2013 915.900.000,00 € - - -

11.2013 1.160.600.000,00 € - - -

12.2013 1.321.500.000,00 € - - -

01.2014 1.425.100.000,00 € - - -

02.2014 740.000.000,00 € - - -

03.2014 1.007.100.000,00 € - - -

04.2014 1.121.000.000,00 € - - -

05.2014 1.214.300.000,00 € - - -

06.2014 1.214.300.000,00 € - - -

07.2014 1.479.100.000,00 € - - -

08.2014 1.622.800.000,00 € - - -

09.2014 1.622.800.000,00 € - 67.500.000,00 € -

10.2014 725.600.000,00 € - 30.700.000,00 € -

11.2014 979.100.000,00 € - 40.800.000,00 € -

12.2014 1.125.300.000,00 € - 46.600.000,00 € -

01.2015 1.253.400.000,00 € - 51.700.000,00 € -

02.2015 1.399.600.000,00 € - 57.500.000,00 € -

03.2015 1.502.600.000,00 € - 61.600.000,00 € -

04.2015 1.613.400.000,00 € - 66.000.000,00 € -

05.2015 695.500.000,00 € - 29.500.000,00 € -

06.2015 992.300.000,00 € - 41.400.000,00 € -

07.2015 992.300.000,00 € - 41.400.000,00 € -

08.2015 1.286.300.000,00 € - 53.100.000,00 € -

09.2015 1.286.300.000,00 € - 53.100.000,00 € -

10.2015 1.581.000.000,00 € - 64.900.000,00 € -

11.2015 841.300.000,00 € - 35.200.000,00 € -

12.2015 1.128.800.000,00 € - 46.900.000,00 € -

01.2016 1.133.800.000,00 € - 46.900.000,00 € -

02.2016 - 1.133.800.000,00 € - 46.900.000,00 €

03.2016 - 1.133.800.000,00 € - 46.900.000,00 €

04.2016 - 1.133.800.000,00 € - 46.900.000,00 €

05.2016 - 1.133.800.000,00 € - 46.900.000,00 €

06.2016 - 1.133.800.000,00 € - 46.900.000,00 €

07.2016 - 1.133.800.000,00 € - 46.900.000,00 €

08.2016 - 1.133.800.000,00 € - 46.900.000,00 €

09.2016 - 1.133.800.000,00 € - 46.900.000,00 €

10.2016 - 1.133.800.000,00 € - 46.900.000,00 €

11.2016 - 1.062.689.151,60 € - 46.900.000,00 €

12.2016 - 998.275.302,06 € - 46.900.000,00 €

01.2017 - 934.817.709,76 € - 46.900.000,00 €

02.2017 - 875.377.457,94 € - 44.089.302,75 €

03.2017 - 827.582.634,92 € - 36.206.740,28 €

04.2017 - 780.571.259,06 € - 34.149.992,58 €

05.2017 - 734.621.692,79 € - 32.139.699,06 €

06.2017 - 689.710.218,58 € - 30.174.822,06 €

07.2017 - 645.830.978,44 € - 28.255.105,31 €

08.2017 - 602.916.619,06 € - 26.377.602,08 €

09.2017 - 560.973.461,77 € - 24.542.588,95 €

10.2017 - 520.214.921,86 € - 22.759.402,83 €

11.2017 - 480.896.192,05 € - 21.039.208,40 €

12.2017 - 443.153.508,57 € - 19.387.966,00 €

01.2018 - 406.457.341,04 € - 17.782.508,67 €

02.2018 - 370.876.832,76 € - 16.225.861,43 €

03.2018 - 336.267.159,44 € - 14.711.688,23 €

Class A Class B




Index

Amortisation profile I

Note class

Payment date Actual note balance Forecasted note balance Actual note balance2 Forecasted note balance3

Class A Class B

04.2018 - 302.720.623,68 € - 13.244.027,29 €

05.2018 - 271.408.005,77 € - 11.874.100,25 €

06.2018 - 242.206.998,30 € - 10.596.556,18 €

07.2018 - 215.026.883,16 € - 9.407.426,14 €

08.2018 - 189.804.203,01 € - 8.303.933,88 €

09.2018 - 166.744.377,64 € - 7.295.066,52 €

10.2018 - 139.844.313,41 € - 7.295.066,52 €

11.2018 - 116.813.185,31 € - 7.295.066,52 €

12.2018 - 97.954.799,02 € - 7.295.066,52 €

01.2019 - 80.285.064,03 € - 7.295.066,52 €

02.2019 - 63.754.497,68 € - 7.295.066,52 €

03.2019 - 48.237.193,43 € - 7.295.066,52 €

04.2019 - 33.721.516,70 € - 7.295.066,52 €

05.2019 - 20.913.168,04 € - 7.295.066,52 €

06.2019 - 9.548.882,00 € - 7.295.066,52 €

07.2019 - 114.021,43 € - 7.295.066,52 €

08.2019 - 0,00 € - 0,00 €




Index

Amortisation profile II

0

200.000.000

400.000.000

600.000.000

800.000.000

1.000.000.000

1.200.000.000

1.400.000.000

1.600.000.000

1.800.000.000

Reporting period

Outstanding balance in EUR

Amortisation profile Class A-Notes

Actual Amort. A-Notes Expected Amort. A-Notes Overcollateralisation of the period

Assuming a Clean-Up Call at 10% of the initial outstanding, annual prepayments of 5% and 0% defaults

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

Reporting period


Amortisation profile Class B-Notes

Actual Amort. B-Notes Expected Amort. B-Notes Overcollateralisation of the period

Assuming a Clean-Up Call at 10% of the initial outstanding, annual prepayments of 5% and 0% defaults




Index

Run out schedule I

Reporting period Principal Interest Instalment

arrears 7.919.771,76 € 408.969,76 € 8.328.741,52 €

01.2016 45.882.138,47 € 6.046.546,75 € 51.928.685,22 €

02.2016 45.679.663,99 € 5.828.387,20 € 51.508.051,19 €

03.2016 45.245.410,50 € 5.611.345,37 € 50.856.755,87 €

04.2016 44.830.377,84 € 5.396.369,51 € 50.226.747,35 €

05.2016 44.472.050,49 € 5.183.363,17 € 49.655.413,66 €

06.2016 44.272.536,88 € 4.972.061,10 € 49.244.597,98 €

07.2016 43.971.525,81 € 4.761.709,52 € 48.733.235,33 €

08.2016 43.673.431,59 € 4.552.786,34 € 48.226.217,93 €

09.2016 43.256.642,36 € 4.345.276,30 € 47.601.918,66 €

10.2016 42.732.130,60 € 4.139.746,39 € 46.871.876,99 €

11.2016 42.392.200,36 € 3.936.713,86 € 46.328.914,22 €

12.2016 41.981.960,02 € 3.735.294,47 € 45.717.254,49 €

01.2017 41.605.790,99 € 3.535.820,31 € 45.141.611,30 €

02.2017 41.160.585,46 € 3.338.138,83 € 44.498.724,29 €

03.2017 40.372.337,72 € 3.142.571,02 € 43.514.908,74 €

04.2017 39.599.908,11 € 2.950.747,63 € 42.550.655,74 €

05.2017 38.865.138,99 € 2.762.592,42 € 41.627.731,41 €

06.2017 38.246.948,14 € 2.577.931,22 € 40.824.879,36 €

07.2017 37.537.650,92 € 2.396.209,20 € 39.933.860,12 €

08.2017 36.550.248,10 € 2.217.854,60 € 38.768.102,70 €

09.2017 35.183.503,90 € 2.044.191,86 € 37.227.695,76 €

10.2017 33.633.164,25 € 1.877.022,73 € 35.510.186,98 €

11.2017 32.916.391,50 € 1.717.219,08 € 34.633.610,58 €

12.2017 32.082.195,82 € 1.560.822,11 € 33.643.017,93 €

01.2018 31.418.255,26 € 1.408.386,83 € 32.826.642,09 €

02.2018 30.567.127,95 € 1.259.110,46 € 31.826.238,41 €

03.2018 28.091.061,14 € 1.113.875,35 € 29.204.936,49 €

04.2018 25.853.503,24 € 980.403,22 € 26.833.906,46 €

05.2018 23.850.206,96 € 857.564,02 € 24.707.770,98 €

06.2018 21.971.176,36 € 744.244,05 € 22.715.420,41 €

07.2018 19.453.859,85 € 639.852,38 € 20.093.712,23 €

08.2018 17.404.176,95 € 547.419,00 € 17.951.595,95 €

09.2018 13.489.363,10 € 464.726,67 € 13.954.089,77 €

10.2018 9.262.752,09 € 400.633,44 € 9.663.385,53 €

11.2018 9.019.638,78 € 356.622,20 € 9.376.260,98 €

12.2018 8.745.052,21 € 313.767,42 € 9.058.819,63 €

01.2019 8.501.958,46 € 272.216,09 € 8.774.174,55 €

02.2019 8.190.335,97 € 231.820,00 € 8.422.155,97 €

03.2019 7.304.419,17 € 192.904,62 € 7.497.323,79 €

04.2019 6.504.969,75 € 158.199,09 € 6.663.168,84 €

05.2019 5.806.013,72 € 127.291,86 € 5.933.305,58 €

06.2019 5.183.925,78 € 99.705,40 € 5.283.631,18 €

07.2019 4.364.734,94 € 75.075,56 € 4.439.810,50 €

08.2019 3.637.392,87 € 54.337,23 € 3.691.730,10 €

09.2019 2.254.262,46 € 37.054,32 € 2.291.316,78 €

10.2019 744.409,95 € 26.343,52 € 770.753,47 €

11.2019 707.920,14 € 22.806,61 € 730.726,75 €

12.2019 670.142,39 € 19.442,89 € 689.585,28 €

01.2020 640.637,33 € 16.259,00 € 656.896,33 €

02.2020 605.597,70 € 13.215,15 € 618.812,85 €

03.2020 515.240,35 € 10.337,48 € 525.577,83 €

04.2020 417.632,23 € 7.889,55 € 425.521,78 €

05.2020 365.182,32 € 5.905,30 € 371.087,62 €

06.2020 320.584,84 € 4.170,24 € 324.755,08 €

07.2020 259.424,60 € 2.647,02 € 262.071,62 €

08.2020 201.227,10 € 1.414,32 € 202.641,42 €

09.2020 96.425,37 € 458,16 € 96.883,53 €

10.2020 0,00 € 0,00 € 0,00 €

Total 1.280.482.315,90 € 99.505.789,20 € 1.379.988.105,10 €




Index

Run out schedule II

0

500.000.000

1.000.000.000

1.500.000.000

2.000.000.000

2.500.000.000

12

.20

09

02

.20

10

04

.20

10

06

.20

10

08

.20

10

10

.20

10

12

.20

10

02

.20

11

04

.20

11

06

.20

11

08

.20

11

10

.20

11

12

.20

11

02

.20

12

04

.20

12

06

.20

12

08

.20

12

10

.20

12

12

.20

12

02

.20

13

04

.20

13

06

.20

13

08

.20

13

10

.20

13

12

.20

13

02

.20

14

04

.20

14

06

.20

14

08

.20

14

10

.20

14

12

.20

14

02

.20

15

04

.20

15

06

.20

15

08

.20

15

10

.20

15

12

.20

15

02

.20

16

04

.20

16

06

.20

16

08

.20

16

10

.20

16

12

.20

16

02

.20

17

04

.20

17

06

.20

17

08

.20

17

10

.20

17

12

.20

17

02

.20

18

04

.20

18

06

.20

18

08

.20

18

10

.20

18

12

.20

18

02

.20

19

04

.20

19

06

.20

19

08

.20

19

10

.20

19

12

.20

19

02

.20

20

04

.20

20

06

.20

20

08

.20

20

Reporting period


Expected amortisation of the outstanding discounted asset-portfolio

Expected Outstanding Discounted Asset-Portfolio Actual Outstanding Discounted Asset-Portfolio

The expected Portfolio amortisation is solely based on the scheduled payments according to rental plan, no assumptions on prepayments or defaults are made.




Index

Outstanding contracts

Collections by source - Collections

Paid instalments of monthly period - 51.206.228,74 €

therof capital - 45.047.510,01 €

therof interest - 6.158.718,73 €

Paid instalments of previous periods - 1.167.107,22 €

Early settlements - 2.200.009,02 €

Total - 54.573.344,98 €

Collections by statusNumber of

contractsCollections

Current 132.291 51.128.801,90 €

Delinquent 4.768 842.581,86 €

Default 647 138.202,11 €

End of term 37.278 430.511,10 €

Early settlement 18.243 2.007.682,86 €

Write-Off 3.037 25.565,15 €

Total 196.264 54.573.344,98 €

Evolution of outstanding pool during the reporting

period

Number of active

contracts

Outstanding

discounted

balance

Outstanding

nominal balance

Balance as of the begin of the period 139.211 1.329.053.091,19 € 1.434.986.074,67 €

Balance at the end of the period - before top/tap-up 137.706 1.280.482.315,90 € 1.379.988.105,10 €

Top/tap-up of the period 0 0,00 € 0,00 €

Term take out 0 0,00 € 0,00 €

Balance as of the end of the period 137.706 1.280.482.315,90 € 1.379.988.105,10 €

Contract status development INumber of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceCurrent 31.428 398.861.796,89 € 29.020 368.009.832,18 € 1.668 19.348.045,09 € 740 11.503.919,62 € 23.212 303.188.002,59 € 8.216 95.673.794,30 €

Delinquent 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Default 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

End of term 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Early settlement 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Write-Off 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Total 31.428 398.861.796,89 € 29.020 368.009.832,18 € 1.668 19.348.045,09 € 740 11.503.919,62 € 23.212 303.188.002,59 € 8.216 95.673.794,30 €

Contract status development IINumber of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceCurrent 132.291 1.245.063.484,94 € 126.426 1.188.150.305,92 € 2.875 26.154.131,64 € 2.990 30.759.047,38 € 94.340 909.132.489,74 € 37.951 335.930.995,20 €

Delinquent 4.768 29.772.181,00 € 4.373 27.044.355,83 € 186 1.423.684,79 € 209 1.304.140,38 € 3.008 18.329.499,10 € 1.760 11.442.681,90 €

Default 647 5.646.649,96 € 589 5.004.024,15 € 23 320.293,28 € 35 322.332,53 € 580 5.065.833,78 € 67 580.816,18 €

End of term 37.278 0,00 € 35.222 0,00 € 1.433 0,00 € 623 0,00 € 14.888 0,00 € 22.390 0,00 €

Early settlement 18.243 0,00 € 16.571 0,00 € 971 0,00 € 701 0,00 € 10.284 0,00 € 7.959 0,00 €

Write-Off 3.037 0,00 € 2.647 0,00 € 213 0,00 € 177 0,00 € 2.807 0,00 € 230 0,00 €

Total 196.264 1.280.482.315,90 € 185.828 1.220.198.685,90 € 5.701 27.898.109,71 € 4.735 32.385.520,29 € 125.907 932.527.822,62 € 70.357 347.954.493,28 €

3 4,00 € 5 6,00 € 7 8,00 € 9 10,00 € 13 14 17 18

Contract status as of the begin of the periodNumber of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceTop-/Tap-Up contracts 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €

Current 131.164 1.237.385.544,96 € 1.656 13.222.546,29 € 32 377.991,57 € 1.050 0,00 € 282 0,00 € 10 0,00 €

Delinquent 1.057 7.123.162,95 € 3.052 16.193.865,52 € 91 761.375,16 € 105 0,00 € 19 0,00 € 36 0,00 €

Default 70 554.777,03 € 60 355.769,19 € 524 4.507.283,23 € 2 0,00 € 1 0,00 € 0 0,00 €

End of term 0 0,00 € 0 0,00 € 0 0,00 € 36.121 0,00 € 11 0,00 € 0 0,00 €

Early settlement 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 17.930 0,00 € 0 0,00 €

Write-Off 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 2.991 0,00 €

Total 132.291 1.245.063.484,94 € 4.768 29.772.181,00 € 647 5.646.649,96 € 37.278 0,00 € 18.243 0,00 € 3.037 0,00 €

Contract status development IIIContract status as of the end of the current period

Current Delinquent Default End of term Early settlement Write-Off

Total portfolio as of current reporting periodType of car Customer type

New vehicle Used vehicle Demonstration vehicles Retail Corporate

Total portfolio as of pool cut dateType of car Customer type





Index

Delinquencies & defaults I

Days in arrearsNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceDelinquent early settlements 145 0,11% 969.064,80 € 0,08% 113 764.306,73 € 18 123.643,15 € 14 81.114,92 € 142 953.559,27 € 3 15.505,53 €

> 30 60 90 120 150 180 210 240 270 300 330 857 0,62% 3.353.235,90 € 0,26% 747 2.707.300,84 € 47 324.284,05 € 63 321.651,01 € 764 2.836.483,83 € 93 516.752,07 €

Total 4.768 3,46% 29.772.181,00 € 2,33% 4.373 27.044.355,83 € 186 1.423.684,79 € 209 1.304.140,38 € 3.008 18.329.499,10 € 1.760 11.442.681,90 €

Delinquent contractsType of car Customer type


€0

€5.000.000

€10.000.000

€15.000.000

€20.000.000

€25.000.000

€30.000.000

not delinquent > 30 60 90 120 150 180 210 240 270 300 330

Delinquencies I - Outstanding discounted balance of delinquent contracts

Reporting period




Index

Delinquencies & Defaults II


contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Outstanding

discounted balance at

day of default

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceDelinquent early settlements 107 0,08% 843.127,60 € 0,07% 1.382.667,45 € 94 742.588,86 € 5 47.782,64 € 8 52.756,10 € 103 798.846,96 € 4 44.280,64 €

> 30 60 90 120 150 180 210 240 270 300 330 58 0,04% 476.062,97 € 0,04% 742.871,13 € 56 448.793,90 € 1 12.658,13 € 1 14.610,94 € 55 458.361,44 € 3 17.701,53 €

Total 647 0,47% 5.646.649,96 € 0,44% 7.235.192,20 € 589 5.004.024,15 € 23 320.293,28 € 35 322.332,53 € 580 5.065.833,78 € 67 580.816,18 €

Defaulted contractsType of car Customer type


€0

€500.000

€1.000.000

€1.500.000

€2.000.000

€2.500.000

€3.000.000

not delinquent > 30 60 90 120 150 180 210 240 270 300 330

Delinquencies II - Outstanding discounted balance of default contracts

Reporting period




Index

Delinquencies & defaults III


contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balance

Number of

contracts

Outstanding

discounted

balanceDelinquent early settlements 252 0,18% 1.812.192,40 € 0,14% 207 1.506.895,59 € 23 171.425,79 € 22 133.871,02 € 245 1.752.406,23 € 7 59.786,17 €> 30 60 90 120 150 180 210 240 270 300 330 915 0,66% 3.829.298,87 € 0,30% 803 3.156.094,74 € 48 336.942,18 € 64 336.261,95 € 819 3.294.845,27 € 96 534.453,60 €

Total 5.415 3,93% 35.418.830,96 € 2,77% 4.962 32.048.379,98 € 209 1.743.978,07 € 244 1.626.472,91 € 3.588 23.395.332,88 € 1.827 12.023.498,08 €

Delinquent and defaulted contractsCustomer type

Retail CorporateNew vehicle Used vehicle Demonstration vehiclesType of car

€0

€5.000.000

€10.000.000

€15.000.000

€20.000.000

€25.000.000

€30.000.000

€35.000.000

not delinquent > 30 60 90 120 150 180 210 240 270 300 330

Delinquencies III - Outstanding discounted balance of delinquent and default contracts

Reporting period




Index

Write-Offs

Write-Offs of the monthly

periodNumber of contracts Amount

31.12.2015 46 254.022,78 €

12.042.263,97 €

12.881.402.403,97 €

0,09349%

Monthly period Number of contracts Write-Offs Number of contracts Write-Offs

31.01.2010 0 0,00 € 0 0,00 €

28.02.2010 0 0,00 € 0 0,00 €

31.03.2010 0 0,00 € 0 0,00 €

30.04.2010 0 0,00 € 0 0,00 €

31.05.2010 0 0,00 € 0 0,00 €

30.06.2010 0 0,00 € 0 0,00 €

31.07.2010 0 0,00 € 0 0,00 €

31.08.2010 9 50.295,01 € 9 50.295,01 €

30.09.2010 2 8.071,60 € 11 58.366,61 €

31.10.2010 7 30.954,84 € 18 89.321,45 €

30.11.2010 15 70.163,12 € 33 159.484,57 €

31.12.2010 11 71.387,33 € 44 230.871,90 €

31.01.2011 16 73.685,61 € 60 304.557,51 €

28.02.2011 7 34.411,99 € 67 338.969,50 €

31.03.2011 9 62.592,15 € 76 401.561,65 €

30.04.2011 15 86.288,20 € 91 487.849,85 €

31.05.2011 20 101.111,11 € 111 588.960,96 €

30.06.2011 42 172.816,37 € 153 761.777,33 €

31.07.2011 31 152.827,80 € 184 914.605,13 €

31.08.2011 18 80.559,83 € 202 995.164,96 €

30.09.2011 34 188.002,31 € 236 1.183.167,27 €

31.10.2011 18 73.464,24 € 254 1.256.631,51 €

30.11.2011 56 213.523,67 € 310 1.470.155,18 €

31.12.2011 45 152.121,74 € 355 1.622.276,92 €

31.01.2012 60 193.538,76 € 415 1.815.815,68 €

29.02.2012 37 162.341,73 € 452 1.978.157,41 €

31.03.2012 73 214.516,98 € 525 2.192.674,39 €

30.04.2012 53 162.973,38 € 578 2.355.647,77 €

31.05.2012 14 68.864,93 € 592 2.424.512,70 €

30.06.2012 38 153.404,88 € 630 2.577.917,58 €

31.07.2012 35 113.867,54 € 665 2.691.785,12 €

31.08.2012 47 177.292,45 € 712 2.869.077,57 €

30.09.2012 54 177.080,66 € 766 3.046.158,23 €

31.10.2012 59 225.031,79 € 825 3.271.190,02 €

30.11.2012 45 170.377,61 € 870 3.441.567,63 €

31.12.2012 65 245.057,95 € 935 3.686.625,58 €

31.01.2013 67 225.971,81 € 1.002 3.912.597,39 €

28.02.2013 33 157.041,93 € 1.035 4.069.639,32 €

31.03.2013 62 208.030,55 € 1.097 4.277.669,87 €

30.04.2013 46 153.804,88 € 1.143 4.431.474,75 €

31.05.2013 49 158.329,55 € 1.192 4.589.804,30 €

30.06.2013 27 171.516,66 € 1.219 4.761.320,96 €

31.07.2013 59 241.886,34 € 1.278 5.003.207,30 €

31.08.2013 63 242.837,83 € 1.341 5.246.045,13 €

30.09.2013 97 367.680,37 € 1.438 5.613.725,50 €

31.10.2013 77 314.686,24 € 1.515 5.928.411,74 €

30.11.2013 69 201.914,66 € 1.584 6.130.326,40 €

31.12.2013 60 270.680,39 € 1.644 6.401.006,79 €

31.01.2014 125 479.994,04 € 1.769 6.881.000,83 €

28.02.2014 45 177.950,17 € 1.814 7.058.951,00 €

31.03.2014 37 135.841,70 € 1.851 7.194.792,70 €

30.04.2014 84 303.345,41 € 1.935 7.498.138,11 €

31.05.2014 83 272.401,06 € 2.018 7.770.539,17 €

30.06.2014 64 226.792,45 € 2.082 7.997.331,62 €

31.07.2014 81 242.059,25 € 2.163 8.239.390,87 €

31.08.2014 107 375.719,56 € 2.270 8.615.110,43 €

30.09.2014 59 163.580,90 € 2.329 8.778.691,33 €

31.10.2014 56 202.132,68 € 2.385 8.980.824,01 €

30.11.2014 110 375.143,31 € 2.495 9.355.967,32 €

31.12.2014 48 193.951,42 € 2.543 9.549.918,74 €

31.01.2015 45 179.961,78 € 2.588 9.729.880,52 €

28.02.2015 44 177.467,68 € 2.632 9.907.348,20 €

31.03.2015 24 204.156,48 € 2.656 10.111.504,68 €

30.04.2015 14 7.046,95 € 2.670 10.118.551,63 €

31.05.2015 71 349.270,69 € 2.741 10.467.822,32 €

30.06.2015 85 441.016,64 € 2.826 10.908.838,96 €

31.07.2015 39 219.453,36 € 2.865 11.128.292,32 €

31.08.2015 40 258.912,96 € 2.905 11.387.205,28 €

30.09.2015 30 173.282,03 € 2.935 11.560.487,31 €

31.10.2015 41 136.363,31 € 2.976 11.696.850,62 €

30.11.2015 17 91.390,57 € 2.993 11.788.241,19 €

31.12.2015 46 254.022,78 € 3.039 12.042.263,97 €

Total 3.039 12.042.263,97 €

Current period Cumulative Write-Offs

Cumulative Write-Offs as of the end of the monthly period

Discounted balance of all initial and additional assets

Cumulative net loss ratio




Index

Prepayments

Reporting period Unscheduled paymentsDiscounted balance as of

previous periodPeriodic CPR Annualised CPR

Pool cut - - - -

31.01.2010 1.016.393,42 € 398.861.796,91 € 0,255% 3,015%

28.02.2010 1.133.768,49 € 570.315.272,45 € 0,199% 2,360%

31.03.2010 881.531,00 € 571.857.464,99 € 0,154% 1,834%

30.04.2010 1.094.818,49 € 571.741.411,24 € 0,191% 2,274%

31.05.2010 888.691,37 € 572.482.436,14 € 0,155% 1,847%

30.06.2010 1.286.909,00 € 573.227.464,49 € 0,225% 2,661%

31.07.2010 1.528.497,00 € 920.814.407,13 € 0,166% 1,974%

31.08.2010 1.706.575,00 € 921.990.774,54 € 0,185% 2,199%

30.09.2010 982.434,95 € 376.723.703,33 € 0,261% 3,085%

31.10.2010 1.334.582,09 € 579.573.027,03 € 0,230% 2,729%

30.11.2010 1.554.414,89 € 693.938.785,83 € 0,224% 2,655%

31.12.2010 1.131.651,54 € 694.772.616,75 € 0,163% 1,937%

31.01.2011 1.282.866,15 € 695.619.743,26 € 0,184% 2,191%

28.02.2011 1.858.122,62 € 1.106.881.756,69 € 0,168% 1,996%

31.03.2011 2.683.300,16 € 1.247.025.330,96 € 0,215% 2,552%

30.04.2011 765.146,62 € 398.632.483,67 € 0,192% 2,279%

31.05.2011 1.587.864,06 € 680.804.132,92 € 0,233% 2,763%

30.06.2011 1.467.302,93 € 879.372.219,33 € 0,167% 1,984%

31.07.2011 1.840.182,98 € 1.082.412.886,77 € 0,170% 2,021%

31.08.2011 2.387.113,63 € 1.277.830.255,05 € 0,187% 2,219%

30.09.2011 2.748.209,36 € 1.455.564.720,74 € 0,189% 2,242%

31.10.2011 1.257.903,09 € 603.130.191,13 € 0,209% 2,474%

30.11.2011 1.920.323,47 € 983.871.734,63 € 0,195% 2,317%

31.12.2011 1.675.942,53 € 984.806.770,77 € 0,170% 2,023%

31.01.2012 2.799.243,52 € 1.337.250.593,56 € 0,209% 2,483%

29.02.2012 2.837.396,15 € 1.524.179.827,35 € 0,186% 2,211%

31.03.2012 1.567.353,76 € 677.216.105,87 € 0,231% 2,742%

30.04.2012 1.498.619,64 € 888.742.369,23 € 0,169% 2,005%

31.05.2012 2.224.775,88 € 1.108.273.621,76 € 0,201% 2,382%

30.06.2012 2.105.796,68 € 1.109.514.849,38 € 0,190% 2,254%

31.07.2012 2.770.969,68 € 1.446.364.692,85 € 0,192% 2,275%

31.08.2012 2.785.779,76 € 1.593.938.789,64 € 0,175% 2,077%

30.09.2012 2.921.998,28 € 1.827.694.409,60 € 0,160% 1,902%

31.10.2012 1.580.980,32 € 691.744.404,48 € 0,229% 2,708%

30.11.2012 1.993.005,96 € 1.082.292.150,91 € 0,184% 2,188%

31.12.2012 1.912.042,69 € 1.261.765.970,97 € 0,152% 1,803%

31.01.2013 3.085.118,11 € 1.432.435.773,55 € 0,215% 2,554%

28.02.2013 2.918.802,83 € 1.580.610.670,73 € 0,185% 2,194%

31.03.2013 1.785.921,33 € 777.229.383,05 € 0,230% 2,723%

30.04.2013 2.329.896,01 € 1.080.719.131,96 € 0,216% 2,557%

31.05.2013 2.401.276,52 € 1.263.473.098,68 € 0,190% 2,257%

30.06.2013 2.480.045,77 € 1.434.587.566,89 € 0,173% 2,055%

31.07.2013 3.597.034,38 € 1.612.471.424,12 € 0,223% 2,644%

31.08.2013 3.263.799,91 € 1.753.115.585,43 € 0,186% 2,211%

30.09.2013 3.573.078,67 € 1.899.978.776,19 € 0,188% 2,234%

31.10.2013 2.437.434,66 € 1.083.557.622,04 € 0,225% 2,666%

30.11.2013 3.081.976,79 € 1.383.397.587,90 € 0,223% 2,641%

31.12.2013 3.224.830,60 € 1.518.601.447,81 € 0,212% 2,519%

31.01.2014 3.294.413,88 € 1.690.216.556,78 € 0,195% 2,314%

28.02.2014 2.277.102,59 € 878.998.954,33 € 0,259% 3,065%

31.03.2014 3.064.527,11 € 1.214.178.372,43 € 0,252% 2,987%

30.04.2014 2.157.311,35 € 1.346.434.171,27 € 0,160% 1,906%

31.05.2014 2.820.914,17 € 1.454.941.730,98 € 0,194% 2,302%

30.06.2014 2.503.757,60 € 1.402.044.039,50 € 0,179% 2,122%

31.07.2014 3.708.128,10 € 1.762.115.827,62 € 0,210% 2,496%

31.08.2014 3.537.198,03 € 1.929.155.290,75 € 0,183% 2,178%

30.09.2014 3.084.713,21 € 1.859.147.465,58 € 0,166% 1,973%

31.10.2014 2.185.683,02 € 719.253.369,74 € 0,304% 3,586%

30.11.2014 2.240.746,69 € 1.154.350.895,85 € 0,194% 2,305%

31.12.2014 2.341.710,59 € 1.323.254.409,66 € 0,177% 2,103%

31.01.2015 2.300.380,76 € 1.471.650.097,21 € 0,156% 1,860%

28.02.2015 2.671.034,16 € 1.641.126.779,17 € 0,163% 1,936%

31.03.2015 2.955.572,48 € 1.761.086.454,69 € 0,168% 1,995%

30.04.2015 2.657.683,06 € 1.890.158.454,69 € 0,141% 1,674%

31.05.2015 1.406.752,77 € 756.838.581,41 € 0,186% 2,208%

30.06.2015 2.329.723,43 € 1.167.364.371,37 € 0,200% 2,369%

31.07.2015 3.248.101,42 € 1.369.832.138,82 € 0,237% 2,809%

31.08.2015 2.254.666,06 € 1.507.421.970,69 € 0,150% 1,780%

30.09.2015 2.387.688,85 € 1.453.025.432,09 € 0,164% 1,954%

31.10.2015 3.235.422,50 € 1.848.414.715,63 € 0,175% 2,080%

30.11.2015 1.988.084,65 € 924.444.459,57 € 0,215% 2,550%

31.12.2015 2.200.009,02 € 1.329.053.091,19 € 0,166% 1,968%

The annualised constant prepayment rate (CPR) of the underlying receivables based upon the most recent periodic CPR. Periodic CPR is equal

to the total unscheduled principal received in the most recent period divided by the start of period principal balance. This is then annualised as

follows:

1-((1-Periodic CPR)^number of periods in a year)



Index

Pool data I

Distribution by payment typeNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts2

Outstanding

discounted

balance3

Number of

contracts4

Outstanding

discounted

balance6

Number of

contracts7

Outstanding

discounted

balance2

Number of

contracts8

Outstanding

discounted

balance8

Number of

contracts9

Outstanding

discounted

balance10Direct borrower account debit 118.302 85,91% 1.150.759.544,52 € 89,87% 112.689 1.095.643.196,07 € 2.763 25.433.410,09 € 2.850 29.682.938,36 € 90.344 879.476.557,94 € 27.958 271.282.986,58 €

Others 19.404 14,09% 129.722.771,38 € 10,13% 18.699 124.555.489,83 € 321 2.464.699,62 € 384 2.702.581,93 € 7.584 53.051.264,68 € 11.820 76.671.506,70 €

Total 137.706 100,00% 1.280.482.315,90 € 100,00% 131.388 1.220.198.685,90 € 3.084 27.898.109,71 € 3.234 32.385.520,29 € 97.928 932.527.822,62 € 39.778 347.954.493,28 €

Distribution by contract

concentration

Number of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts2

Outstanding

discounted

balance3

Number of

contracts4

Outstanding

discounted

balance6

Number of

contracts7

Outstanding

discounted

balance2

Number of

contracts8

Outstanding

discounted

balance8

Number of

contracts9

Outstanding

discounted

balance101 59.836 43,45% 567.461.672,71 € 44,32% 54.829 520.640.725,44 € 2.377 20.932.604,59 € 2.630 25.888.342,68 € 59.050 559.895.503,46 € 786 7.566.169,25 €

2 - 10 47.335 34,37% 468.154.035,86 € 36,56% 46.289 456.824.008,62 € 522 5.522.475,53 € 524 5.807.551,71 € 36.633 358.820.439,37 € 10.702 109.333.596,49 €

11 - 20 11.558 8,39% 106.095.774,69 € 8,29% 11.440 105.092.505,50 € 77 672.661,38 € 41 330.607,81 € 1.871 12.554.627,06 € 9.687 93.541.147,63 €

21 - 50 12.791 9,29% 105.214.282,18 € 8,22% 12.718 104.656.331,60 € 41 244.349,76 € 32 313.600,82 € 373 1.256.344,55 € 12.418 103.957.937,63 €

> 50 6.186 4,49% 33.556.550,46 € 2,62% 6.112 32.985.114,74 € 67 526.018,45 € 7 45.417,27 € 1 908,18 € 6.185 33.555.642,28 €

Total 137.706 100,00% 1.280.482.315,90 € 100,00% 131.388 1.220.198.685,90 € 3.084 27.898.109,71 € 3.234 32.385.520,29 € 97.928 932.527.822,62 € 39.778 347.954.493,28 €

Distribution by largest lesseeNumber of

contracts

Percentage of

contracts

Outstanding

discounted

balance

Percentage of

outstanding

discounted balance

Number of

contracts2

Outstanding

discounted

balance3

Number of

contracts4

Outstanding

discounted

balance6

Number of

contracts7

Outstanding

discounted

balance2

Number of

contracts8

Outstanding

discounted

balance8

Number of

contracts9

Outstanding

discounted

balance101 45 0,03% 475.928,87 € 0,04% 45 475.928,87 € 0 0,00 € 0 0,00 € 0 0,00 € 45 475.928,87 €

2 153 0,11% 472.203,58 € 0,04% 153 472.203,58 € 0 0,00 € 0 0,00 € 0 0,00 € 153 472.203,58 €

3 24 0,02% 470.411,07 € 0,04% 24 470.411,07 € 0 0,00 € 0 0,00 € 0 0,00 € 24 470.411,07 €

4 30 0,02% 469.089,49 € 0,04% 30 469.089,49 € 0 0,00 € 0 0,00 € 0 0,00 € 30 469.089,49 €

5 64 0,05% 467.111,08 € 0,04% 64 467.111,08 € 0 0,00 € 0 0,00 € 0 0,00 € 64 467.111,08 €

6 64 0,05% 464.975,04 € 0,04% 64 464.975,04 € 0 0,00 € 0 0,00 € 0 0,00 € 64 464.975,04 €

7 52 0,04% 460.311,91 € 0,04% 52 460.311,91 € 0 0,00 € 0 0,00 € 0 0,00 € 52 460.311,91 €

8 43 0,03% 453.150,40 € 0,04% 43 453.150,40 € 0 0,00 € 0 0,00 € 0 0,00 € 43 453.150,40 €

9 46 0,03% 452.053,57 € 0,04% 46 452.053,57 € 0 0,00 € 0 0,00 € 0 0,00 € 46 452.053,57 €

10 53 0,04% 452.015,43 € 0,04% 53 452.015,43 € 0 0,00 € 0 0,00 € 0 0,00 € 53 452.015,43 €

11 34 0,02% 450.858,04 € 0,04% 34 450.858,04 € 0 0,00 € 0 0,00 € 0 0,00 € 34 450.858,04 €

12 37 0,03% 443.984,53 € 0,03% 37 443.984,53 € 0 0,00 € 0 0,00 € 0 0,00 € 37 443.984,53 €

13 60 0,04% 440.181,35 € 0,03% 0 0,00 € 58 425.344,84 € 2 14.836,51 € 0 0,00 € 60 440.181,35 €

14 47 0,03% 430.331,38 € 0,03% 47 430.331,38 € 0 0,00 € 0 0,00 € 0 0,00 € 47 430.331,38 €

15 40 0,03% 430.284,44 € 0,03% 40 430.284,44 € 0 0,00 € 0 0,00 € 0 0,00 € 40 430.284,44 €

16 59 0,04% 429.405,68 € 0,03% 59 429.405,68 € 0 0,00 € 0 0,00 € 0 0,00 € 59 429.405,68 €

17 28 0,02% 426.960,30 € 0,03% 28 426.960,30 € 0 0,00 € 0 0,00 € 0 0,00 € 28 426.960,30 €

18 61 0,04% 417.367,41 € 0,03% 61 417.367,41 € 0 0,00 € 0 0,00 € 0 0,00 € 61 417.367,41 €

19 29 0,02% 410.796,89 € 0,03% 29 410.796,89 € 0 0,00 € 0 0,00 € 0 0,00 € 29 410.796,89 €

20 11 0,01% 401.009,95 € 0,03% 11 401.009,95 € 0 0,00 € 0 0,00 € 0 0,00 € 11 401.009,95 €

Total 1 - 20 980 0,71% 8.918.430,41 € 0,70% 920 8.478.249,06 € 58 425.344,84 € 2 14.836,51 € 0 0,00 € 980 8.918.430,41 €

Total porfolioType of car Customer type





New vehicle Used vehicle Demons

vcl master compartment 1 - true sale international · publication date: 18.01.2016 period: 12.2015...

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