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SC Germany Vehicles 2015-1
Monthly Investor Report
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
Cover Sheet Monthly Investor Report Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Index Page
1. Portfolio Information 1
2. Reserve Accounts 2
3. Delinquency Data 3
4. Default Data 4
5. Concentration Limits 5
6. Outstanding Notes 6
7. Original Principal Balance 7
7.1 Original PB (Graph) 8
8. Current Principal Balance 9
8.1 Current PB (Graph) 10
9. Borrower Concentration 11
10. Geographical Distribution 12
10.1 Geographical (Graph) 13
11. Object/Vehicle Type 14
12. Insurances 15
13. Contract Type 16
14. Payment Methods 17
15. Downpayment 18
16. Effective Interest Rate 19
16.1 Effective Interest Rate (Graph) 20
17. Seasoning 21
17.1 Seasoning (Graph) 22
18. Remaining Term 23
18.1 Remaining Term (Graph) 24
19. Original Term 25
19.1 Original Term (Graph) 26
20. Manufacturer Brands 27
21. Priority of Payments + Transaction Costs 28
22. Retention 29
23. Counterparties 30
24. Issuer Information 31
25. Santander Consumer Bank 33
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
1. Portfolio Information Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
current period previous period
Outstanding ReceivablesNo. of
Contracts
Aggregate Outstanding
Principal Amount
Aggregate Outstanding
Principal Amount
Beginning of Period 35.730 305.778.905,95 € 323.357.650,91 €
Scheduled Principal Payments 12.347.223,36 €
Prepayment Principal 4.145.243,40 €
Others 136.579,82 €
Total Principal Collections 16.629.046,58 € 17.382.945,70 €
Total Interest Collections 1.255.942,81 € 1.304.854,93 €
Defaults 270.212,92 € 195.799,26 €
Replenishment - € - €
End of Period 34.245 288.879.646,45 € 305.778.905,95 €
Purchase Shortfall Account 12,45 € 62,30 €
Total Assets (End of Period) 288.879.658,90 € 305.778.968,25 €
Current Prepayment Rate (annualised) 15,1%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
2. Reserve Accounts Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Note BalanceBeginning of Period 305.778.968,25 €
End of Period 288.879.658,90 €
Reserve AccountsReserve Account in % Trigger Event y/n
Beginning of Period 2,29% 7.000.000,00 €
Cash Outflow - €
Cash Inflow - €
End of Period 2,42% 7.000.000,00 €
Required Reserve Fund 2,42% 7.000.000,00 €
Commingling Reserve in % no
Beginning of Period n/a
Cash Outflow n/a
Cash Inflow n/a
End of Period n/a
Required Commingling Reserve Fund n/a
Set-Off Reserve in % no
Beginning of Period n/a
Cash Outflow n/a
Cash Inflow n/a
End of Period n/a
Required Set-Off Reserve Fund n/a
Current Set-Off Amount n/a
Set-Off Amount (per Loan) n/a
Set-Off Amount (in % of Outstanding Balance) n/a
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
3. Delinquency Data Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Note BalanceBeginning of Period 305.778.968,25 €
End of Period 288.879.658,90 €
Delinquency Data and Ratios3-MRA* /
current ratio Amount at risk Overdue amount
Number of
Loans
3-MRA* 1- 30 days past due 0,57%
1- 30 days past due period before previous period 1.931.758,86 € 463.524,84 € 209
1- 30 days past due previous period 1.931.936,65 € 344.811,85 € 207
1- 30 days past due current period 0,44% 1.338.509,66 € 295.671,45 € 177
3-MRA* 31- 60 days past due 0,43%
31- 60 days past due period before previous period 1.389.417,35 € 156.422,36 € 142
31- 60 days past due previous period 1.231.008,12 € 205.849,04 € 141
31- 60 days past due current period 0,45% 1.366.198,94 € 192.388,53 € 149
3-MRA* 61-90 days past due 0,21%
61- 90 days past due period before previous period 743.644,51 € 85.620,99 € 69
61- 90 days past due previous period 608.273,08 € 126.657,43 € 62
61- 90 days past due current period 0,17% 533.753,09 € 101.610,05 € 60
3-MRA* 91-120 days past due 0,14%
91- 120 days past due period before previous period 453.310,38 € 91.066,06 € 42
91- 120 days past due previous period 380.746,22 € 95.169,14 € 39
91- 120 days past due current period 0,15% 468.053,22 € 131.109,97 € 43
3-MRA* 121-150 days past due 0,12%
121- 150 days past due period before previous period 532.451,51 € 121.600,67 € 43
121- 150 days past due previous period 320.856,96 € 67.422,81 € 22
121- 150 days past due current period 0,09% 276.106,75 € 75.857,35 € 26
3-MRA* 151-180 days past due 0,16%
151- 180 days past due period before previous period 422.458,38 € 128.390,03 € 37
151- 180 days past due previous period 595.951,78 € 149.660,36 € 42
151- 180 days past due current period 0,14% 437.324,74 € 112.913,06 € 34
* 3-MRA stands for three months rolling average
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
4. Default Data Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Note BalanceBeginning of Period 305.778.968,25 €
End of Period 288.879.658,90 €
Default Data and Ratios Amount Number of Loans
Current Default
Current Period Gross Default 270.212,92 €
Current Period Recoveries 39.623,46 €
Current Period Net Default 230.589,46 €
New Number of Defaulted Contracts 27
Cumulative Default
Cumulative Gross Default 13.850.347,19 €
Cumulative Recoveries 1.942.499,25 €
Cumulative Net Default 11.907.847,94 €
Total Number of Defaulted Contracts 1.646
3-MRA* /
current ratio Ratio
3-MRA* Annualised Net Default Ratio (New Default) 0,60%
Annualised Loss Ratio period before previous period 0,24%
Annualised Loss Ratio previous period 0,59%
Annualised Loss Ratio current period 0,96% 0,96%
Principal Deficiency Trigger Event y/n
Principal Deficiency period before previous period - € no
Principal Deficiency previous period - €
Principal Deficiency current period - €
PDL Trigger 2.500.000,00 €
Repurchased Assets
Current Repurchased Asset Amount through breach of warranty or voluntary buyback - €
Cumulative Repurchased Asset Amount through breach of warranty or voluntary buyback - €
* 3-MRA stands for three months rolling average
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
5. Concentration Limits Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Current Transaction Status Amortizing
Portfolio Concentrations Minimum-Trigger Maximum-Trigger Current Value Trigger Breach
New Vehicles (applicable for Replenishment Portfolio) 47,00% - - -
Average Yield (applicable for Total Portfolio) 4,25% - - -
Contracts with Balloon Rates (applicable for Total Portfolio) - 45,00% - -
Remaining Term (applicable for Total Portfolio) - 55,00 - -
Online Business (applicable for Total Portfolio) - 10,00% - -
Early Amortisation Events Maximum-Trigger Current Value Trigger Breach
Cumulative Loss Ratio
- prior to or on 31 March 2016 0,75% - -
- prior to or on 31 March 2017 1,50% - -
- prior to or on 31 March 2018 2,25% - -
Purchase Shortfall Event -
Period before previous period -
Previous period -
Current period -
Principal Deficiency Event - -
Restructured Loans Ratio 8,00% - -
Total Sold Receivables € 1.602.286.249,80
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
6. Outstanding Notes Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
1. Note Balance All notes Class A Class BGeneral Note Information
ISIN Code XS1217133815 XS1217140356
Currency EUR EUR
Initial Tranching in % 90,5% 9,5%
Legal Maturity Nov 2030 Nov 2030
Expected Maturity Sep 2021 Sep 2021
Original Rating (Fitch / S&P) Asf / A (sf) NR / NR
Current Rating (Fitch / S&P)* A+sf / A+ (sf) NR / NR
Initial Notes Aggregate Principal Outstanding Balance 700.000.000,00 € 633.500.000,00 € 66.500.000,00 €
Initial Nominal per Note 100.000,00 € 100.000,00 €
Initial Number of Notes per Class 6.335 665
Current Note Information
Class Principal Outstanding Balance Beginning of Period 305.778.968,25 € 239.278.968,25 € 66.500.000,00 €
Available Distribution Amount 24.924.675,15 €
Replenishment 0,00 €
Amortisation 16.899.309,35 €
Redemption per Class 16.899.309,35 € 16.899.309,35 € 0,00 €
Redemption per Note 2.667,61 € 0,00 €
Class Principal Outstanding Balance End of Period 288.879.658,90 € 222.379.658,90 € 66.500.000,00 €
Current Tranching 77,0% 23,0%
Current Pool Factor 0,35 1,00
2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: Fixed 0,978% 2,167%
DayCount Convention act/360 act/360
Interest Days 30
Principal Outstanding per Note Beginning of Period 37.770,95 € 100.000,00 €
> Principal Repayment per Note 2.667,61 € 0,00 €
Principal Outstanding per Note End of Period 35.103,34 € 100.000,00 €
> Interest accrued for the period 194.991,30 € 120.085,70 €
Interest Payment 194.991,30 € 120.085,70 €
Interest Payment per Note 30,78 € 180,58 €
3. Credit Enhancements Class A Class B Initial total CE (Subordination, Reserve) 10,50% 1,00%
Current CE (incl. Excess Spread) 28,38% 5,36%
Current CE (excl. Excess Spread) 25,44% 2,42%
* Last rating action as of 03.12.2018
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
7. Original Principal Balance Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Original Principal Balance
(Ranges in EUR)
Original Principal
Balance in EUR
Percentage of
Total Balance Number of Loans
Percentage of Total
Loans
0: 1999 37.548,64 0,01% 24 0,07%
2000: 3999 1.180.464,51 0,18% 364 1,06%
4000: 5999 6.089.418,74 0,92% 1.194 3,49%
6000: 7999 13.480.090,58 2,04% 1.908 5,57%
8000: 9999 22.556.951,41 3,41% 2.496 7,29%
10000:11999 33.752.198,50 5,10% 3.083 9,00%
12000:13999 41.262.859,30 6,23% 3.172 9,26%
14000:15999 47.757.850,32 7,21% 3.180 9,29%
16000:17999 48.428.102,11 7,31% 2.853 8,33%
18000:19999 50.177.799,23 7,58% 2.639 7,71%
20000:21999 53.873.637,83 8,14% 2.573 7,51%
22000:23999 47.019.032,16 7,10% 2.049 5,98%
24000:25999 42.687.623,98 6,45% 1.709 4,99%
26000:27999 37.507.378,19 5,66% 1.391 4,06%
28000:29999 30.045.157,34 4,54% 1.036 3,03%
30000:31999 30.943.450,36 4,67% 999 2,92%
32000:33999 22.649.233,95 3,42% 687 2,01%
34000:35999 16.475.144,94 2,49% 471 1,38%
36000:37999 16.351.289,01 2,47% 443 1,29%
38000:39999 12.428.046,33 1,88% 319 0,93%
40000:41999 12.053.974,73 1,82% 295 0,86%
42000:43999 8.634.326,38 1,30% 201 0,59%
44000:45999 7.876.872,63 1,19% 175 0,51%
46000:47999 6.911.033,94 1,04% 147 0,43%
48000:49999 6.350.328,91 0,96% 130 0,38%
50000:51999 6.011.360,74 0,91% 118 0,34%
52000:53999 4.644.283,34 0,70% 88 0,26%
54000:55999 3.962.162,77 0,60% 72 0,21%
56000:57999 3.983.962,33 0,60% 70 0,20%
58000:59999 2.770.744,72 0,42% 47 0,14%
60000:61999 2.433.907,86 0,37% 40 0,12%
62000:63999 2.265.984,79 0,34% 36 0,11%
64000:65999 1.948.793,38 0,29% 30 0,09%
66000:67999 1.808.876,91 0,27% 27 0,08%
68000:69999 1.587.729,24 0,24% 23 0,07%
70000:70000 140.000,00 0,02% 2 0,01%70001: 14.048.768,42 2,12% 154 0,45%
Total 662.136.388,52 100,00% 34.245 100,00%
Statistics in EUR
Average Amount 19.335,27
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
7.1 Original PB (Graph) Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
0
10.000.000
20.000.000
30.000.000
40.000.000
50.000.000
60.000.000
Ori
gin
al P
rin
cip
al
Bala
nce
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
8. Current Principal Balance Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Current Principal Balance
(Ranges in EUR)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 1999 5.671.155,92 1,96% 5.553 16,22%
2000: 3999 16.108.244,15 5,58% 5.406 15,79%
4000: 5999 24.147.129,00 8,36% 4.850 14,16%
6000: 7999 29.875.379,83 10,34% 4.285 12,51%
8000: 9999 30.809.238,19 10,67% 3.441 10,05%
10000:11999 30.061.694,61 10,41% 2.740 8,00%
12000:13999 26.369.374,42 9,13% 2.035 5,94%
14000:15999 22.790.129,11 7,89% 1.524 4,45%
16000:17999 20.089.939,64 6,95% 1.185 3,46%
18000:19999 15.226.806,94 5,27% 804 2,35%
20000:21999 12.682.241,93 4,39% 606 1,77%
22000:23999 9.769.624,78 3,38% 426 1,24%
24000:25999 8.400.587,41 2,91% 337 0,98%
26000:27999 5.961.293,25 2,06% 221 0,65%
28000:29999 5.212.988,91 1,80% 180 0,53%
30000:31999 4.642.691,86 1,61% 150 0,44%
32000:33999 3.231.066,48 1,12% 98 0,29%
34000:35999 3.172.108,28 1,10% 91 0,27%
36000:37999 2.729.597,01 0,94% 74 0,22%
38000:39999 1.635.705,50 0,57% 42 0,12%
40000:41999 1.479.338,15 0,51% 36 0,11%
42000:43999 1.243.672,78 0,43% 29 0,08%
44000:45999 897.385,33 0,31% 20 0,06%
46000:47999 938.466,33 0,32% 20 0,06%
48000:49999 590.798,73 0,20% 12 0,04%
50000:51999 612.334,61 0,21% 12 0,04%
52000:53999 740.483,99 0,26% 14 0,04%
54000:55999 329.639,08 0,11% 6 0,02%
56000:57999 286.570,54 0,10% 5 0,01%
58000:59999 294.146,10 0,10% 5 0,01%
60000:61999 303.630,82 0,11% 5 0,01%
62000:63999 378.474,98 0,13% 6 0,02%
64000:65999 131.357,32 0,05% 2 0,01%
66000:67999 470.659,64 0,16% 7 0,02%
68000:69999 138.030,72 0,05% 2 0,01%70001: 1.457.660,11 0,50% 16 0,05%
Total 288.879.646,45 100,00% 34.245 100,00%
Statistics in EUR
Average Amount 8.435,67
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
8.1 Current PB (Graph) Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
0
5.000.000
10.000.000
15.000.000
20.000.000
25.000.000
30.000.000
35.000.000
Cu
rre
nt
Pri
nc
ipa
l B
ala
nc
e
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
9. Borrower Concentration Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
No
Current Principal
Balance in EUR
Percentage of
Balance Number of Loans
1 135.589,82 0,0469% 1
2 113.158,07 0,0392% 1
3 103.792,17 0,0359% 1
4 99.285,08 0,0344% 1
5 92.263,64 0,0319% 1
6 90.061,67 0,0312% 1
7 88.977,87 0,0308% 1
8 86.957,02 0,0301% 1
9 86.484,78 0,0299% 1
10 81.737,66 0,0283% 1
11 81.599,10 0,0282% 1
12 81.192,34 0,0281% 1
13 80.997,51 0,0280% 1
14 80.011,55 0,0277% 1
15 78.793,55 0,0273% 2
16 78.440,48 0,0272% 3
17 77.894,47 0,0270% 1
18 77.657,36 0,0269% 1
19 77.480,28 0,0268% 2
20 73.340,67 0,0254% 5
21 69.797,26 0,0242% 1
22 68.820,26 0,0238% 2
23 68.233,46 0,0236% 1
24 67.916,68 0,0235% 1
25 67.694,06 0,0234% 2
Total 2.108.176,81 0,7298% 35
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
10. Geographical Distribution Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
State
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Baden-Wuerttemberg 23.823.215,01 8,25% 2.635 7,69%
Bavaria 26.934.320,62 9,32% 3.089 9,02%
Berlin 9.931.952,26 3,44% 1.284 3,75%
Brandenburg 22.155.338,00 7,67% 2.653 7,75%
Bremen 1.569.406,79 0,54% 189 0,55%
Hamburg 4.986.719,39 1,73% 550 1,61%
Hesse 17.622.228,01 6,10% 2.126 6,21%
Lower Saxony 28.122.826,28 9,74% 3.336 9,74%
Mecklenburg-Western Pomerania17.440.445,77 6,04% 2.032 5,93%
North Rhine-Westphalia 52.530.749,96 18,18% 6.289 18,36%
Rhineland-Palatinate 12.469.131,96 4,32% 1.404 4,10%
Saarland 3.756.731,98 1,30% 417 1,22%
Saxonia 21.854.002,26 7,57% 2.809 8,20%
Saxony-Anhalt 16.743.397,64 5,80% 2.028 5,92%
Schleswig-Holstein 12.979.527,89 4,49% 1.497 4,37%
Thuringia 14.837.282,73 5,14% 1.767 5,16%
n/a 1.122.369,90 0,39% 140 0,41%
Total 288.879.646,45 100,00% 34.245 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
10.1 Geographical Distribution (Graph) Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
0
10.000.000
20.000.000
30.000.000
40.000.000
50.000.000
60.000.000
Cu
rren
t P
rin
cip
al
Bala
nce
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
11. Object/Vehicle Type Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Vehicle Type
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
New Vehicle 146.919.792,70 50,86% 15.469 45,17%Used Vehicle 141.959.853,75 49,14% 18.776 54,83%
Total 288.879.646,45 100,00% 34.245 100,00%
Object Type
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Car 267.525.359,71 92,61% 32.056 93,61%
Leisure 16.831.282,93 5,83% 1.039 3,03%Motorbike 4.523.003,81 1,57% 1150 3,36%
Total 288.879.646,45 100,00% 34.245 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
12. Insurances Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Payment Protection
Insurance
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 156.238.086,32 54,08% 17.718 51,74%Yes 132.641.560,13 45,92% 16.527 48,26%
Total 288.879.646,45 100,00% 34.245 100,00%
Gap Insurance
(Santander Safe)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 210.348.240,40 72,82% 25.772 75,26%Yes 78.531.406,05 27,18% 8.473 24,74%
Total 288.879.646,45 100,00% 34.245 100,00%
Repair Cost Insurance
(Santander AutoCare)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 268.146.609,91 92,82% 31.633 92,37%Yes 20.733.036,54 7,18% 2.612 7,63%
Total 288.879.646,45 100,00% 34.245 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
13. Type of Contract Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Contracts w/Balloon Payments
Current Principal Balance
in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 216.766.322,55 75,04% 28.735 83,91%
Yes 72.113.323,90 24,96% 5.510 16,09%
- of which balloon rates 56.659.659,87 19,61%
- of which regular installments 15.453.664,03 5,35%
Total 288.879.646,45 100,00% 34.245 100,00%
Balloon Loans - Original Term
in months
Balloon Rates
in EUR
Balloon Rates in % of
Total Balloon Rates
Number of Balloon
Loans
Percentage of Total
Balloon Loans
13:25 747,21 0,00% 1 0,02%
26:38 1.887.127,49 3,33% 162 2,94%
39:51 19.798.930,39 34,94% 1.793 32,54%
52:64 34.759.778,46 61,35% 3.542 64,28%
65:72 113.940,70 0,20% 7 0,13%73: 99.135,62 0,17% 5 0,09%
Total 56.659.659,87 100,00% 5.510 100,00%
Balloon Loans - Remaining
Term in months
Balloon Rates
in EUR
Balloon Rates in % of
Total Balloon Rates
Number of Balloon
Loans
Percentage of Total
Balloon Loans
0:12 35.322.249,98 62,34% 3.435 62,34%
13:25 19.015.588,86 33,56% 1.854 33,65%
26:38 2.304.671,03 4,07% 220 3,99%39:51 17.150,00 0,03% 1 0,02%
Total 56.659.659,87 100,00% 5.510 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
14. Payment Methods Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Payment Method
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Direct Debit 280.328.311,84 97,04% 33.275 97,17%Other 8.551.334,61 2,96% 970 2,83%
Total 288.879.646,45 100,00% 34.245 100,00%
Cycle of Payment
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
15th of month 153.283.249,42 53,06% 18.227 53,23%1st of month 135.596.397,03 46,94% 16.018 46,77%
Total 288.879.646,45 100,00% 34.245 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
15. Downpayment Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Downpayment
(Ranges in EUR)
Original Principal
Balance in EUR
Percentage of
Total Balance Number of Loans
Percentage of Total
Loans
Downpayment /
Purchase Price in %
No Downpayment 92.188.475,20 31,91% 10.473 30,58% 0,00%
0: 999 2.751.999,84 0,95% 554 1,62% 5,08%
1000: 1999 10.035.107,20 3,47% 2.082 6,08% 10,94%
2000: 2999 18.197.016,55 6,30% 3.232 9,44% 15,09%
3000: 3999 23.090.082,58 7,99% 3.481 10,16% 17,32%
4000: 4999 21.372.250,65 7,40% 2.686 7,84% 18,75%
5000: 5999 27.051.118,96 9,36% 3.100 9,05% 20,96%
6000: 6999 14.103.340,72 4,88% 1.486 4,34% 23,23%
7000: 7999 10.882.826,73 3,77% 1.136 3,32% 25,91%
8000: 8999 9.756.676,87 3,38% 1.004 2,93% 28,07%
9000: 9999 5.278.205,10 1,83% 506 1,48% 29,62%
10000:10999 15.693.180,10 5,43% 1.500 4,38% 30,70%
11000:11999 4.081.203,14 1,41% 354 1,03% 31,84%
12000:12999 4.304.314,88 1,49% 381 1,11% 34,46%
13000:13999 2.980.280,30 1,03% 276 0,81% 37,29%
14000:14999 2.526.709,43 0,87% 229 0,67% 38,32%
15000:15000 4.436.260,53 1,54% 390 1,14% 37,53%15001: 20.150.597,67 6,98% 1.375 4,02% 42,75%
Total 288.879.646,45 100,00% 34.245 100,00% 18,94%
Downpayment and
Purchase Price All Contracts
Contracts with
Downpayment
Average Downpayment 4.314,80 € 6.215,73 €
Average Purchase Price 22.786,44 € 24.619,68 €
Mimimum Downpayment 100,00 €
Maximum Downpayment 100.000,00 €
Downpayment in % 18,94% 25,25%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
16. Effective Interest Rate Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Yield Range*
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 0 30.680,54 0,01% 5 0,01%
1: 1 9.624.688,07 3,33% 961 2,81%
2: 2 39.094.837,72 13,53% 4.038 11,79%
3: 3 133.340.296,41 46,16% 13.974 40,81%
4: 4 68.412.752,38 23,68% 8.973 26,20%
5: 5 25.976.067,38 8,99% 4.001 11,68%
6: 6 8.956.967,61 3,10% 1.561 4,56%
7: 7 2.388.050,44 0,83% 486 1,42%
8: 8 639.968,44 0,22% 156 0,46%
9: 9 352.757,00 0,12% 81 0,24%10:10 62.580,46 0,02% 9 0,03%
Total 288.879.646,45 100,00% 34.245 100,00%
Statistics in %
WA Interest 4,19%
*runs from .00 to .99
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
16.1 Effective Interest Rate (Graph) Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
*runs from .00 to .99
0
20.000.000
40.000.000
60.000.000
80.000.000
100.000.000
120.000.000
140.000.000
160.000.000
0: 0 1: 1 2: 2 3: 3 4: 4 5: 5 6: 6 7: 7 8: 8 9: 9 10:10
Cu
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cip
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ala
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Yield Range*
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
17. Seasoning Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Seasoning in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
18:20 968.064,78 0,34% 92 0,27%
21:23 11.883.007,44 4,11% 1.108 3,24%
24:26 20.057.494,94 6,94% 1.966 5,74%
27:29 27.329.063,07 9,46% 2.794 8,16%
30:32 24.895.350,56 8,62% 2.674 7,81%
33:35 26.840.670,58 9,29% 2.996 8,75%
36:38 30.424.261,76 10,53% 3.338 9,75%
39:41 28.951.711,72 10,02% 3.116 9,10%
42:44 26.882.063,82 9,31% 2.985 8,72%
45:47 20.460.565,20 7,08% 2.514 7,34%
48:50 15.230.103,87 5,27% 1.806 5,27%
51:53 11.332.636,84 3,92% 1.437 4,20%
54:56 9.823.581,34 3,40% 1.295 3,78%
57:59 10.668.716,14 3,69% 1.763 5,15%
60:62 7.295.609,43 2,53% 1.242 3,63%
63:65 5.492.051,07 1,90% 864 2,52%
66:68 3.554.628,89 1,23% 639 1,87%
69:71 2.160.536,80 0,75% 503 1,47%
72:74 1.711.945,96 0,59% 370 1,08%
75:77 826.029,72 0,29% 173 0,51%
78:80 615.294,42 0,21% 114 0,33%81: 1.476.258,10 0,51% 456 1,33%
Total 288.879.646,45 100,00% 34.245 100,00%
Statistics
WA Seasoning 40,37
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
17.1 Seasoning (Graph) Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
0
5.000.000
10.000.000
15.000.000
20.000.000
25.000.000
30.000.000
35.000.000
21:23 24:26 27:29 30:32 33:35 36:38 39:41 42:44 45:47 48:50 51:53 54:56 57:59 60:62 63:65 66:68 69:71 72:74 75:77 78:80 81:
Cu
rren
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rin
cip
al
Bala
nce
Seasoning in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
18. Remaining Term Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Remaining Term in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 6 28.082.346,34 9,72% 6.828 19,94%
7: 13 38.048.560,59 13,17% 6.591 19,25%
14: 20 39.783.481,86 13,77% 5.234 15,28%
21: 27 38.147.357,70 13,21% 4.461 13,03%
28: 34 33.064.747,48 11,45% 3.416 9,98%
35: 41 27.870.531,59 9,65% 2.487 7,26%
42: 48 20.782.778,36 7,19% 1.615 4,72%
49: 55 16.931.039,23 5,86% 1.141 3,33%
56: 62 18.790.937,26 6,50% 1.126 3,29%
63: 69 13.659.871,13 4,73% 746 2,18%
70: 76 9.319.341,85 3,23% 442 1,29%
77: 83 2.463.274,12 0,85% 89 0,26%
84: 90 1.247.796,28 0,43% 45 0,13% 91: 97 687.582,66 0,24% 24 0,07%
Total 288.879.646,45 100,00% 34.245 100,00%
Statistics
WA Remaining Term 31,20
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
18.1 Remaining Term (Graph) Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
0
5.000.000
10.000.000
15.000.000
20.000.000
25.000.000
30.000.000
35.000.000
40.000.000
45.000.000
0: 6 7: 13 14: 20 21: 27 28: 34 35: 41 42: 48 49: 55 56: 62 63: 69 70: 76 77: 83 84: 90 91: 97
Cu
rren
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rin
cip
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Bala
nce
Remaining Term in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
19. Original Term Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Original Term in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
13: 25 162.486,28 0,06% 173 0,51%
26: 38 8.440.182,68 2,92% 2.645 7,72%
39: 51 46.457.027,34 16,08% 7.200 21,02%
52: 64 93.064.910,06 32,22% 10.994 32,10%
65: 77 39.963.937,17 13,83% 5.100 14,89%
78: 90 28.143.816,02 9,74% 2.640 7,71%
91:103 60.908.611,88 21,08% 4.924 14,38%
104:116 967.076,38 0,33% 60 0,18%
117:119 985.221,55 0,34% 58 0,17%
120: 9.786.377,09 3,39% 451 1,32%
Total 288.879.646,45 100,00% 34.245 100,00%
Statistics
WA Original Term 71,57
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
19.1 Original Term (Graph) Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
0
10.000.000
20.000.000
30.000.000
40.000.000
50.000.000
60.000.000
70.000.000
80.000.000
90.000.000
100.000.000
13: 25 26: 38 39: 51 52: 64 65: 77 78: 90 91:103 104:116 117:119 120:
Cu
rren
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rin
cip
al
Bala
nce
Original Term in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
20. Manufacturer Brands Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Manufacturer
brands
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
1 29.998.175,79 10,38% 3.707 10,82%
2 26.648.559,95 9,22% 2.607 7,61%
3 26.359.770,81 9,12% 3.374 9,85%
4 21.969.076,43 7,60% 2.089 6,10%
5 18.967.901,68 6,57% 1.945 5,68%
6 15.390.385,18 5,33% 2.205 6,44%
7 14.244.592,82 4,93% 1.611 4,70%
8 12.434.805,31 4,30% 1.950 5,69%
9 11.681.079,85 4,04% 1.068 3,12%
10 11.196.435,72 3,88% 950 2,77%
11 11.186.421,58 3,87% 1.770 5,17%
12 10.542.207,83 3,65% 974 2,84%
13 9.017.086,08 3,12% 982 2,87%
14 8.563.541,35 2,96% 1.023 2,99%
15 6.341.285,96 2,20% 975 2,85%
Total 234.541.326,34 81,19% 27.230 79,52%
TOP 15 manufacturer brands in alphabetical order:
Audi, BMW, Citroen, Fiat, Ford, Hyundai, Kia, Mazda, Mercedes, Nissan, Opel, Peugeot, Renault, Volvo, VW
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
21. Priority of Payments + Transaction Costs Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Priority of Payments
Available Distribution Amount 24.924.675,15 €
Senior Expenses - 1.908,17 €
Interest Notes Class A - 194.991,30 €
Interest Notes Class B - 120.085,70 €
Replenishment - - €
Payments to Purchase Shortfall Account - 12,45 €
Payments to Reserve Fund - 7.000.000,00 €
Principal Payments Class A - 16.899.309,35 €
Principal Payments Class B - - € Payments to Commingling Reserve Ledger - n/a
Payments to Set-Off Reserve Ledger - n/a
Interest Subordinated Loan - 14.390,83 €
Principal Payments Subordinated Loan - - €
Payments to Seller = 693.977,35 €
Transaction Costs All notes Class A Class B Senior Expenses 1.908,17 €-
Interest accrued for the Period 315.077,00 €- 194.991,30 €- 120.085,70 €-
Cumulative Interest accrued 31.471.731,90 €- 24.939.057,85 €- 6.532.674,05 €-
Interest Payments 315.077,00 €- 194.991,30 €- 120.085,70 €-
Cumulative Interest Payments 31.471.731,90 €- 24.939.057,85 €- 6.532.674,05 €-
Interest accrued on Subordinated Loan for the Period 14.390,83 €-
Cumulative Interest accrued on Subordinated Loan 782.861,31 €-
Interest Payments on Subordinated Loan 14.390,83 €-
Cumulative Interest Payments on Subordinated Loan 782.861,31 €-
Unpaid Interest for the Period - €
Cumulative Unpaid Interest - €
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
22. Retention Monthly Period 11.10.2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
699.999.999,63 €
305.778.905,95 €
288.879.646,45 €
7.000.000,00 €
7.000.000,00 €
7.000.000,00 €
66.500.000,00 €
66.500.000,00 €
66.500.000,00 €
10,50%
24,04%
25,44%Net Economic Interest Ratio as of the end of the Monthly Period:
Santander Consumer Bank AG confirms its compliance to have continuously retained a net economic interest in the SC Germany Vehicles 2015-1 securitisation
transaction of at least 5% of the securitised Purchased Receivables pursuant to Art. 405 of the CRR (Regulation (EU) No 575/2013 of the European Parliament and
of the Council of 26 June 2013) by retaining the regulatory first loss tranche which is represented by the Subordinated Loan of at least 1% and by retaining the
regulatory second loss tranche which is represented by the Class B Notes of at least 4%.
Outstanding Balance of the Class B Notes as of the Offer Date:
Outstanding Balance of the Class B Notes as of the beginning of the Monthly Period:
Outstanding Balance of the Class B Notes of the end of the Monthly Period:
Net Economic Interest Ratio as of Offer Date:
Net Economic Interest Ratio as of the beginning of the Monthly Period:
Outstanding Principal Balance of Purchased Receivables as of the end of the Monthly Period:
Outstanding Principal Balance of the Subordinated Loan as of the Offer Date:
Outstanding Principal Balance of the Subordinated Loan as of the beginning of the Monthly Period:
Outstanding Principal Balance of the Subordinated Loan as of the end of the Monthly Period:
Outstanding Principal Balance of Purchased Receivables as of the Offer Date:
Outstanding Principal Balance of Purchased Receivables as of the beginning of the Monthly Period:
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 08.10.2019
Monthly Investor Report 11.10.2019
54
23. Counterparties Okt 2019
from 11.09.2019 to 11.10.2019 = 30 days
from 01.09.2019 to 30.09.2019
Long
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
Counterpart
y status
Calculation Agent, Cash Administrator:Bank of New York Mellon
AA F1+ STABLE AA- A-1+ STABLEperforming
Friedrich-Ebert-Anlage 49
eMail: [email protected] 60327 Frankfurt am MainPhone: +49 69 12014 1772 Germany
Account Bank and Principal Paying Agent: Bank of New York Mellon AA F1+ STABLE AA- A-1+ STABLE performing
Friedrich-Ebert-Anlage 49
eMail: [email protected] 60327 Frankfurt am MainPhone: +49 69 12014 1772 Germany
Transaction Security Trustee: Intertrust Trustees Limited - - - - - - performing
35 Great St. Helen’s
[email protected] London EC3A 6APPhone: +44 (0) 20 7398 6324 United Kingdom
Data Trustee: Intertrust (Deutschland) GmbH - - - - - - performing
Grüneburgweg 58-62
[email protected] 60322 Frankfurt am Main
Phone: +49 (0) 69 643 50 8904 Germany
Rating Agencies: Fitch Ratings Limited Standard & Poor's Ratings Services
Strutured Finance Monitoring Structured Finance
30 North Colonnade, Canary Wharf 20 Canada Square
London E14 5GN E14 5LH London
United Kingdom United Kingdom
Ratings as of 30.09.2019, data source: Bloomberg
Fitch S & P
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
Collection Period
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 Reporting Date 08.10.2019
Monthly Investor Report Payment Date 11.10.2019
Period No 54
24. Issuer Information Monthly Period Okt 2019
Interest Period from 11.09.2019 to 11.10.2019 = 30 days
Collection Period from 01.09.2019 to 30.09.2019
Deal Name: SC Germany Vehicles 2015-1
Issuer: SC Germany Vehicles 2015-1 UG (haftungsbeschränkt)
The Managing Directors
Grüneburgweg 58-62
60322 Frankfurt am Main
Germany
eMail [email protected]
fax +49 (0) 69 643 50 8925
LEI: 391200ZMDVLONWIBG430
Seller of the Receivables: Santander Consumer Bank AG
Servicer Name: Santander Consumer Bank AG
Reporting Entity: Santander Consumer Bank AG
Capital Markets
Santander-Platz 1
41061 MönchengladbachGermany
eMail [email protected]
fax +49 (0) 2161 690 7077
SPV-Administrator: Intertrust (Deutschland) GmbH
Grüneburgweg 58-62
60322 Frankfurt am Main
Germany
eMail [email protected]
fax +49 (0) 69 643 50 8925
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 08.10.2019
Monthly Investor Report 11.10.2019
54
25. Santander Consumer Bank Okt 2019
from 11.09.2019 to 11.10.2019 = 30 days
from 01.09.2019 to 30.09.2019
Contact DetailsCapital Markets
Peter René Müller +49-2161-690-7337 [email protected]
Tomasz Osipowicz +49-2161-690-7046 [email protected]
Robert Westermann +49-2161-690-7424 [email protected]
Bastian Menges +49-2161-690-7085 [email protected]
Stefan Zilligen +49-2161-690-6069 [email protected]
Team ABS [email protected]
Ratings Santander
Long
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
A F1 STABLE A A-1 STABLE
A- F2 STABLE A- A-2 STABLE
A- F2 STABLE A- A-2 STABLE
Ratings as of 30.09.2019, data source: Bloomberg
Santander Consumer Bank AG
S & P
Collection Period
Banco Santander S.A.
Santander Consumer Finance S.A.
Fitch
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2015-1 08.10.2019
Monthly Investor Report 11.10.2019
54
26. Glossary Okt 2019
from 11.09.2019 to 11.10.2019 = 30 days
from 01.09.2019 to 30.09.2019
Aggregate Outstanding Principal Amount: Shall mean in respect of all Purchased Receivables at any time, the aggregate of the Outstanding Principal Amounts of all Purchased Receivables
which, as of such time, are not defaulted receivables.
Balloon Loan: A loan where the final payment due is higher than any of the previous loan instalments payable by the relevant debtor.
Balloon Payment: The final payment of a balloon loan.
Defaulted Contracts/Defaults: Shall mean as of any date, any purchased receivable which has been declared due and payable in full in accordance to the Credit and Collection Policy
which in principal is between 120 and 180 calendar days after the due date.
Delinquent Receivable: Shall mean as of any date, any purchased receivable which is more than 30 days overdue and not a defaulted contract.
Downpayment: The initial upfront portion of the total net amount due at the time of finalizing the contract.
Excess Spread: Excess Spread equals WA Portfolio Yield minus WA Notes Margin
Gap Insurance: Insurance which covers the risk that loss is incurred if the relevant Financed Vehicle has to be completely written off (total damage) due to fire, accident (irrespective
of whether such accident was caused by the Debtor or a third party), flooding or theft
Legal Maturity: Final Payment date on which all outstanding notes will mature.
Expected Maturity: Maturity date of the notes under the assumption of inter alia (a) a 14% constant prepayment rate, (b) an exercised Clean-Up Call at 10%
and (c) 0% cumulative gross losses.
Leisure: Is composed of motorised and not motorised caravans and campers.
Payment Protection Insurance: Insurance, composed of life insurance and/or accident insurance and/or temporary disability insurance and/or unemployment insurance, which covers
the risk that a Debtor in its capacity as insured person is unable to pay the Loan Instalments owed by such Debtor life insurance
Recoveries: Any amount received on defaulted contracts
Repair Cost Insurance: Insurance which covers repair costs for the repair of certain important components of the Financed Vehicle
Set-Off Reserves: Protection against set-off risks due to deposits
Used Vehicle Shall mean any Financed Vehicle the date of purchase of which by the relevant debtor was later than 12 months after the date of first registration
of such Financed Vehicle
Collection Period
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period