sc germany auto 2018-1 monthly investor report · 2020-06-22 · sc germany auto 2018-1 reporting...
TRANSCRIPT
SC Germany Auto 2018-1
Monthly Investor Report
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
Cover Sheet Monthly Investor Report Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Index Page
1. Portfolio Information 1
2. Reserve Accounts 2
3. Delinquency Data 3
4. Default Data 4
4.1 Default Data per Quarter 5
5. Outstanding Notes 6
6. Original Principal Balance 7
6.1 Original PB (Graph) 8
7. Current Principal Balance 9
7.1 Current PB (Graph) 10
8. Borrower Concentration 11
9. Geographical Distribution 12
9.1 Geographical (Graph) 13
10. Object/Vehicle Type 14
11. Insurances 15
12. Contract Type 16
13. Payment Methods 17
14. Downpayment 18
15. Effective Interest Rate 19
15.1 Effective Interest Rate (Graph) 20
16. Seasoning 21
16.1 Seasoning (Graph) 22
17. Remaining Term 23
17.1 Remaining Term (Graph) 24
18. Original Term 25
18.1 Original Term (Graph) 26
19. Manufacturer Brands 27
20. Priority of Payments + Transaction Costs 28
21.1 Swap Counterparty 1 Data 29
21.2 Swap Counterparty 2 Data 30
22. Retention 31
23. Counterparties 32
24. Issuer Information 33
25. Santander Consumer Bank 34
26. Glossary 35
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
1. Portfolio Information Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
current period previous period
Outstanding ReceivablesNo. of
Contracts
Aggregate Outstanding
Principal Amount
Aggregate Outstanding
Principal Amount
Beginning of Period 33.707 357.194.642,68€ 369.329.449,52€
Scheduled Principal Payments 7.476.073,39€
Prepayment Principal 3.606.688,32€
Others 220.484,26€
Total Principal Collections 11.303.245,97€ 12.054.433,18€
Total Interest Collections 1.232.812,68€ 1.321.522,84€
Defaults 49.926,53€ 80.373,66€
End of Period 33.036 345.841.470,18€ 357.194.642,68€
Current Prepayment Rate (annualised) 11,5%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
2. Reserve Accounts Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Note BalanceBeginning of Period 357.194.655,90 €
End of Period 345.841.474,50 €
Reserve AccountsReserve Account in % Trigger Event y/n
Beginning of Period 0,92% 3.303.294,79 €
Cash Outflow -121.348,23 €
Cash Inflow 0,00 €
End of Period 0,92% 3.181.946,56 €
Required Reserve Fund 0,92% 3.181.946,56 €
(thereof) Liquidity Reserve Account in %
Beginning of Period 0,92% 3.303.294,79 €
Cash Outflow -121.348,23 €
Cash Inflow 0,00 €
End of Period 0,92% 3.181.946,56 €
Required Liquidity Reserve Fund 3.181.946,56 €
Commingling Reserve in %
Beginning of Period n/a no
Cash Outflow n/a
Cash Inflow n/a
End of Period n/a
Required Commingling Reserve Fund n/a
Set-Off Reserve (X) in %
Beginning of Period n/a no
Cash Outflow n/a
Cash Inflow n/a
End of Period n/a
Required Set-Off Reserve (X) Fund n/a
Set-Off Reserve (Y) in %
Beginning of Period n/a no
Cash Outflow n/a
Cash Inflow n/a
End of Period n/a
Required Set-Off Reserve (Y) Fund n/a
Current Set-Off (Y) 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 Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
3. Delinquency Data Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Note BalanceBeginning of Period 357.194.655,90€
End of Period 345.841.474,50€
Delinquency Data and Ratios3-MRA* /
current ratio Amount at risk Overdue amount
Number of
Loans
3-MRA* 1- 30 days past due 0,23%
1- 30 days past due period before previous period 976.600,05€ 73.511,06€ 88
1- 30 days past due previous period 765.167,49€ 36.305,53€ 66
1- 30 days past due current period 0,19% 671.497,22€ 46.624,61€ 64
3-MRA* 31- 60 days past due 0,16%
31- 60 days past due period before previous period 576.706,18€ 37.183,56€ 49
31- 60 days past due previous period 594.744,62€ 21.127,83€ 55
31- 60 days past due current period 0,15% 528.264,64€ 21.751,72€ 49
3-MRA* 61-90 days past due 0,07%
61- 90 days past due period before previous period 166.712,03€ 10.755,00€ 21
61- 90 days past due previous period 193.952,68€ 11.455,11€ 18
61- 90 days past due current period 0,09% 336.103,20€ 15.384,27€ 27
3-MRA* 91-120 days past due 0,04%
91- 120 days past due period before previous period 204.914,05€ 14.341,01€ 19
91- 120 days past due previous period 162.000,51€ 11.295,23€ 14
91- 120 days past due current period 0,02% 88.911,67€ 7.780,91€ 13
3-MRA* 121-150 days past due 0,04%
121- 150 days past due period before previous period 158.698,13€ 11.188,47€ 8
121- 150 days past due previous period 131.918,08€ 12.144,83€ 12
121- 150 days past due current period 0,03% 119.805,44€ 10.144,46€ 10
3-MRA* 151-180 days past due 0,07%
151- 180 days past due period before previous period 221.759,51€ 28.580,99€ 15
151- 180 days past due previous period 238.810,73€ 27.986,99€ 15
151- 180 days past due current period 0,08% 270.700,49€ 34.484,07€ 20
* 3-MRA stands for three months rolling average
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
4. Default Data Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Note BalanceBeginning of Period 357.194.655,90€
End of Period 345.841.474,50€
Default Data and Ratios Amount Number of Loans
Current Default
Current Period Gross Default 49.926,53€
Current Period Recoveries 2.560,77€
Current Period Net Default 47.365,76€
New Number of Defaulted Contracts 8
Cumulative Default
Cumulative Gross Default 1.136.130,81€
Cumulative Recoveries 129.694,72€
Cumulative Net Default 1.006.436,09€
Total Number of Defaulted Contracts 106
3-MRA* /
current ratio Ratio
3-MRA* Annualised Net Default Ratio (New Default) 0,20%
Annualised Loss Ratio period before previous period 0,18%
Annualised Loss Ratio previous period 0,27%
Annualised Loss Ratio current period 0,16% 0,16%
Principal Deficiency Trigger Event y/n
Principal Deficiency period before previous period -€ no
Principal Deficiency previous period -€
Principal Deficiency current period -€
PDL Trigger 7.500.000,00€
Repurchased Assets
Current Repurchased Asset Amount through breach of warranty or voluntary buyback -€
Cumulative Repurchased Asset Amount through breach of warranty or voluntary buyback -€
* 3-MRA stands for three months rolling average
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
4.1 Default Data per Quarter Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Quarter of Default Periods New Defaults Recoveries Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019
Q2 2018 1-1 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Q3 2018 2-4 16.098,83 10.873,30 0,00 8.662,15 811,15 400,00 400,00 400,00 200,00
Q4 2018 5-7 149.584,50 28.755,00 0,00 0,00 0,00 28.250,00 200,00 50,00 255,00
Q1 2019 8-10 219.055,48 79.263,52 0,00 0,00 0,00 5.600,00 21.897,02 50.759,85 1.006,65
Q2 2019 11-13 215.061,20 2.335,15 0,00 0,00 0,00 0,00 640,20 1.114,95 580,00
Q3 2019 14-16 349.722,45 7.967,75 0,00 0,00 0,00 0,00 0,00 5.208,52 2.759,23Q4 2019 17-19 186.608,35 500,00 0,00 0,00 0,00 0,00 0,00 0,00 500,00
Total 1.136.130,81 129.694,72 0,00 8.662,15 811,15 34.250,00 23.137,22 57.533,32 5.300,88
Recoveries in Quarter
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
5. Outstanding Notes Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
1. Note Balance All notes Class A Class BGeneral Note Information
ISIN Code XS1831869653 XS1831869810
Currency EUR EUR
Initial Tranching in % 93,50% 6,50%
Legal Maturity Dec 2027 Dec 2027
Expected Maturity Aug 2022 Aug 2022
Original Rating (DBRS / Moody's) AAA (sf)/Aaa(sf) NR/NR
Current Rating (DBRS / Moody's)* AAA (sf)/Aaa(sf) NR/NR
Initial Notes Aggregate Principal Outstanding Balance 600.000.000,00 € 561.000.000,00 € 39.000.000,00 €
Initial Nominal per Note 100.000,00 € 100.000,00 €
Initial Number of Notes per Class 5.610 390
Current Note Information
Class Principal Outstanding Balance Beginning of Period 357.194.655,90 € 318.194.655,90 € 39.000.000,00 €
Available Distribution Amount 15.841.927,43 €
Amortisation 11.353.181,40 €
Redemption per Class 11.353.181,40 € 11.353.181,40 € 0,00 €
Redemption per Note 2.023,74 € 0,00 €
Class Principal Outstanding Balance End of Period 345.841.474,50 € 306.841.474,50 € 39.000.000,00 €
Current Tranching 88,7% 11,3%
Current Pool Factor 0,55 1,00
2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: 1-M Euribor / Spread / Fixed Rate -0,456% +40 bps 0,633%
DayCount Convention act/360 act/360
Interest Days 31
Principal Outstanding per Note Beginning of Period 56.719,19 € 100.000,00 €
> Principal Repayment per Note 2.023,74 € 0,00 €
Principal Outstanding per Note End of Period 54.695,45 € 100.000,00 €
> Interest accrued for the period 0,00 € 21.258,90 €
Interest Payment 0,00 € 21.258,90 €
Interest Payment per Note 0,00 € 54,51 €
3. Credit Enhancements Class A Class B Initial total CE (Subordination, Reserve) 7,44% 0,94%
Current CE (incl. Excess Spread) 15,31% 4,03%
Current CE (excl. Excess Spread) 12,20% 0,92%
4. Placement Disclosure Class A Class B Pre-placed privately with investors which are not in the OG - € - € At Closing
Retained by a member of the OG - € 39.000.000 € At Closing
Publicly offered to investors which are not in the OG 561.000.000 € - € At Closing
Privately-placed with investors which are not in the OG - € - € Current Period
Retained by a member of the OG - € 39.000.000 € Current Period
Publicly-placed with investors which are not in the OG 306.841.475 € - € Current Period
Initially retained by a member of the OG, but subsequently placed with investors - € - € Current Period
OG stands for Originator Group
* Last rating action as of 21.06.2018
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
6. Original Principal Balance Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Original Principal Balance
(Ranges in EUR)
Original Principal
Balance in EUR
Percentage of
Total Balance Number of Loans
Percentage of Total
Loans
0: 999 906,00 0,00% 1 0,00%
1000: 1999 61.268,06 0,01% 36 0,11%
2000: 2999 538.795,40 0,10% 209 0,63%
3000: 3999 1.763.817,87 0,34% 501 1,52%
4000: 4999 3.569.300,80 0,69% 793 2,40%
5000: 5999 6.026.057,02 1,16% 1.094 3,31%
6000: 6999 8.154.763,55 1,57% 1.250 3,78%
7000: 7999 10.518.723,38 2,02% 1.400 4,24%
8000: 8999 13.437.177,81 2,59% 1.577 4,77%
9000: 9999 15.416.824,34 2,97% 1.619 4,90%
10000:10999 21.730.831,54 4,18% 2.069 6,26%
11000:11999 21.722.955,58 4,18% 1.889 5,72%
12000:12999 22.909.039,88 4,41% 1.834 5,55%
13000:13999 24.047.515,79 4,63% 1.780 5,39%
14000:14999 25.157.534,87 4,84% 1.736 5,25%
15000:15999 26.303.195,61 5,06% 1.697 5,14%
16000:16999 23.996.511,05 4,62% 1.456 4,41%
17000:17999 23.679.647,41 4,56% 1.354 4,10%
18000:18999 21.791.297,20 4,19% 1.178 3,57%
19000:19999 21.765.208,62 4,19% 1.116 3,38%
20000:20999 20.263.635,64 3,90% 991 3,00%
21000:21999 20.666.177,08 3,98% 962 2,91%
22000:22999 18.859.856,66 3,63% 839 2,54%
23000:23999 18.060.243,35 3,47% 769 2,33%
24000:24999 15.842.306,01 3,05% 647 1,96%
25000:25999 14.663.630,58 2,82% 575 1,74%
26000:26999 14.256.272,69 2,74% 538 1,63%
27000:27999 12.565.788,30 2,42% 457 1,38%
28000:28999 10.945.190,34 2,11% 384 1,16%
29000:29999 9.500.147,34 1,83% 322 0,97%
30000:30999 8.864.976,83 1,71% 291 0,88%
31000:31999 8.126.703,95 1,56% 258 0,78%
32000:32999 7.669.449,38 1,48% 236 0,71%
33000:33999 6.127.063,23 1,18% 183 0,55%
34000:34999 4.585.016,88 0,88% 133 0,40%
35000:35000 105.000,00 0,02% 3 0,01%35001: 36.091.621,19 6,94% 859 2,60%
Total 519.784.451,23 100,00% 33.036 100,00%
Statistics in EUR
Average Amount 15.733,88
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
6.1 Original PB (Graph) Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
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
Ori
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rin
cip
al
Ba
lan
ce
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
7. Current Principal Balance Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Current Principal Balance
(Ranges in EUR)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 999 483.088,11 0,14% 1.103 3,34%
1000: 1999 1.934.754,42 0,56% 1.273 3,85%
2000: 2999 3.584.663,06 1,04% 1.429 4,33%
3000: 3999 5.557.148,48 1,61% 1.586 4,80%
4000: 4999 7.838.911,40 2,27% 1.739 5,26%
5000: 5999 10.825.905,31 3,13% 1.967 5,95%
6000: 6999 13.957.592,62 4,04% 2.148 6,50%
7000: 7999 16.624.104,62 4,81% 2.216 6,71%
8000: 8999 18.825.273,32 5,44% 2.216 6,71%
9000: 9999 19.885.091,94 5,75% 2.095 6,34%
10000:10999 21.165.566,31 6,12% 2.017 6,11%
11000:11999 20.629.552,13 5,97% 1.796 5,44%
12000:12999 20.220.935,98 5,85% 1.619 4,90%
13000:13999 19.413.958,24 5,61% 1.439 4,36%
14000:14999 17.465.678,02 5,05% 1.204 3,64%
15000:15999 15.918.391,75 4,60% 1.028 3,11%
16000:16999 15.529.474,40 4,49% 941 2,85%
17000:17999 15.146.435,92 4,38% 866 2,62%
18000:18999 13.796.461,03 3,99% 746 2,26%
19000:19999 12.294.311,20 3,55% 631 1,91%
20000:20999 10.679.822,87 3,09% 521 1,58%
21000:21999 9.469.802,17 2,74% 441 1,33%
22000:22999 8.186.176,11 2,37% 364 1,10%
23000:23999 7.048.468,09 2,04% 300 0,91%
24000:24999 6.490.788,27 1,88% 265 0,80%
25000:25999 5.328.664,08 1,54% 209 0,63%
26000:26999 4.403.468,88 1,27% 166 0,50%
27000:27999 3.542.602,20 1,02% 129 0,39%
28000:28999 3.592.274,55 1,04% 126 0,38%
29000:29999 2.124.354,46 0,61% 72 0,22%
30000:30999 2.042.927,91 0,59% 67 0,20%
31000:31999 1.510.739,51 0,44% 48 0,15%
32000:32999 1.587.772,90 0,46% 49 0,15%
33000:33999 1.472.945,76 0,43% 44 0,13%
34000:34999 759.725,29 0,22% 22 0,07%35001: 6.503.638,87 1,88% 154 0,47%
Total 345.841.470,18 100,00% 33.036 100,00%
Statistics in EUR
Average Amount 10.468,62
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
7.1 Current PB (Graph) Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
0
5.000.000
10.000.000
15.000.000
20.000.000
25.000.000
Cu
rre
nt
Pri
nc
ipa
l B
ala
nc
e
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
8. Borrower Concentration Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
No
Current Principal
Balance in EUR
Percentage of
Balance Number of Loans
1 83.768,69 0,0242% 1
2 81.000,00 0,0234% 1
3 80.544,65 0,0233% 1
4 80.037,42 0,0231% 1
5 68.068,71 0,0197% 2
6 65.255,55 0,0189% 1
7 63.618,45 0,0184% 1
8 63.080,05 0,0182% 1
9 56.916,99 0,0165% 1
10 55.799,88 0,0161% 1
11 55.527,48 0,0161% 1
12 55.292,99 0,0160% 1
13 53.671,37 0,0155% 1
14 53.330,87 0,0154% 1
15 53.207,31 0,0154% 1
16 52.999,49 0,0153% 1
17 52.562,76 0,0152% 1
18 51.128,33 0,0148% 1
19 51.120,43 0,0148% 1
20 50.536,41 0,0146% 1
21 49.815,05 0,0144% 1
22 49.280,15 0,0142% 1
23 48.960,12 0,0142% 1
24 48.113,70 0,0139% 1
25 48.019,23 0,0139% 1
1.471.656,08 0,4255% 26
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
9. Geographical Distribution Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
State
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Baden-Wuerttemberg 37.629.752,65 10,88% 3.432 10,39%
Bavaria 43.057.511,36 12,45% 3.976 12,04%
Berlin 5.462.567,07 1,58% 541 1,64%
Brandenburg 16.154.238,33 4,67% 1.596 4,83%
Bremen 2.033.512,80 0,59% 198 0,60%
Hamburg 3.218.519,86 0,93% 306 0,93%
Hesse 23.278.336,68 6,73% 2.194 6,64%
Lower Saxony 35.771.315,24 10,34% 3.461 10,48%
Mecklenburg-Western Pomerania 13.775.421,15 3,98% 1.345 4,07%
North Rhine-Westphalia 69.033.000,53 19,96% 6.846 20,72%
Rhineland-Palatinate 17.568.011,94 5,08% 1.619 4,90%
Saarland 4.270.414,28 1,23% 410 1,24%
Saxonia 23.076.174,65 6,67% 2.257 6,83%
Saxony-Anhalt 17.729.072,77 5,13% 1.739 5,26%
Schleswig-Holstein 11.703.295,15 3,38% 1.151 3,48%
Thuringia 21.178.934,33 6,12% 1.884 5,70%
n/a 901.391,39 0,26% 81 0,25%
Total 345.841.470,18 100,00% 33.036 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
9.1 Geographical Distribution (Graph) Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
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
Cu
rren
t P
rin
cip
al
Bala
nce
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
10. Object/Vehicle Type Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Vehicle Type
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
New Vehicle 154.161.786,90 44,58% 11.435 34,61%Used Vehicle 191.679.683,28 55,42% 21.601 65,39%
Total 345.841.470,18 100,00% 33.036 100,00%
Object Type
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Car 340.835.382,93 98,55% 32.313 97,81%
Leisure 2.527.152,05 0,73% 187 0,57%
Motorbike 2.433.331,19 0,70% 517 1,56%Trailer 45.604,01 0,01% 19 0,06%
Total 345.841.470,18 100,00% 33.036 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
11. Insurances Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Payment Protection
Insurance
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 89.095.926,02 25,76% 8.344 25,26%Yes 256.745.544,16 74,24% 24.692 74,74%
Total 345.841.470,18 100,00% 33.036 100,00%
Gap Insurance
(Santander Safe)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 235.809.307,95 68,18% 23.068 69,83%Yes 110.032.162,23 31,82% 9.968 30,17%
Total 345.841.470,18 100,00% 33.036 100,00%
Repair Cost Insurance
(Santander AutoCare)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 322.282.760,87 93,19% 30.664 92,82%Yes 23.558.709,31 6,81% 2.372 7,18%
Total 345.841.470,18 100,00% 33.036 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
12. Type of Contract Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Contracts w/Balloon Payments
Current Principal Balance
in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 82.702.120,33 23,91% 13.094 39,64%
Yes 263.139.349,85 76,09% 19.942 60,36%
- of which balloon rates 167.890.726,42 48,55%
- of which regular installments 95.248.623,43 27,54%
Total 345.841.470,18 100,00% 33.036 100,00%
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
13:25 854.285,45 0,51% 87 0,44%
26:38 18.751.024,46 11,17% 2.015 10,10%
39:51 43.918.448,76 26,16% 5.246 26,31%
52:64 103.988.006,26 61,94% 12.566 63,01%
65:72 106.864,50 0,06% 7 0,04%73: 272.096,99 0,16% 21 0,11%
Total 167.890.726,42 100,00% 19.942 100,00%
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 26.020.285,63 15,50% 2.952 14,80%
13:25 50.584.521,86 30,13% 6.091 30,54%
26:38 90.809.394,67 54,09% 10.859 54,45%
39:51 249.827,51 0,15% 23 0,12%52:64 226.696,75 0,14% 17 0,09%
Total 167.890.726,42 100,00% 19.942 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
13. Payment Methods Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Payment Method
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Direct Debit 343.513.163,38 99,33% 32.797 99,28%Other 2.328.306,80 0,67% 239 0,72%
Total 345.841.470,18 100,00% 33.036 100,00%
Cycle of Payment
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
15th of month 152.454.854,22 44,08% 14.563 44,08%1st of month 193.386.615,96 55,92% 18.473 55,92%
Total 345.841.470,18 100,00% 33.036 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
14. Downpayment Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Downpayment
(Ranges in EUR)
Current Principal
Balance in EUR
Percentage of
Total Balance Number of Loans
Percentage of Total
Loans
Downpayment /
Purchase Price in %
No Downpayment 102.180.520,60 29,55% 9.607 29,08% 0,00%
0: 999 10.202.212,64 2,95% 1.254 3,80% 4,46%
1000: 1999 25.281.862,34 7,31% 2.964 8,97% 9,57%
2000: 2999 32.762.602,09 9,47% 3.473 10,51% 14,54%
3000: 3999 28.837.230,71 8,34% 2.889 8,75% 18,75%
4000: 4999 23.738.827,75 6,86% 2.293 6,94% 22,78%
5000: 5999 29.556.942,25 8,55% 2.630 7,96% 24,86%
6000: 6999 17.130.384,03 4,95% 1.566 4,74% 28,98%
7000: 7999 12.765.685,92 3,69% 1.156 3,50% 31,96%
8000: 8999 12.152.853,20 3,51% 1.070 3,24% 34,24%
9000: 9999 6.942.269,56 2,01% 586 1,77% 36,39%
10000:10999 14.473.869,40 4,19% 1.187 3,59% 37,16%
11000:11999 4.516.834,51 1,31% 374 1,13% 40,95%
12000:12999 4.548.574,74 1,32% 394 1,19% 42,55%
13000:13999 3.473.555,09 1,00% 293 0,89% 44,30%
14000:14999 2.719.865,14 0,79% 220 0,67% 45,29%
15000:15000 3.538.787,58 1,02% 282 0,85% 45,54%15001: 11.018.592,63 3,19% 798 2,42% 51,17%
Total 345.841.470,18 100,00% 33.036 100,00% 20,57%
Downpayment and
Purchase Price All Contracts
Contracts with
Downpayment
Average downpayment 3.805,20€ 5.365,51€
Average Purchase Price 18.500,17€ 19.901,04€
Mimimum Downpayment 94,00€
Maximum Downpayment 64.000,00€
Downpayment in % 20,57% 26,96%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
15. Effective Interest Rate Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Yield Range*
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 0 462.510,17 0,13% 38 0,12%
1: 1 54.877.767,71 15,87% 4.196 12,70%
2: 2 116.453.059,53 33,67% 9.772 29,58%
3: 3 131.397.516,74 37,99% 12.770 38,65%
4: 4 30.332.884,84 8,77% 4.028 12,19%
5: 5 8.752.734,97 2,53% 1.525 4,62%
6: 6 2.414.743,57 0,70% 464 1,40%
7: 7 637.927,98 0,18% 130 0,39%
8: 8 406.591,89 0,12% 78 0,24%
9: 9 80.766,99 0,02% 26 0,08%10:10 24.965,79 0,01% 9 0,03%
Total 345.841.470,18 100,00% 33.036 100,00%
Statistics in %
WA Interest 3,34%
*runs from .00 to .99
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
15.1 Effective Interest Rate (Graph) Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
*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
0: 0 1: 1 2: 2 3: 3 4: 4 5: 5 6: 6 7: 7 8: 8 9: 9 10:10
Cu
rren
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cip
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Bala
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Yield Range*
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
16. Seasoning Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Seasoning in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
21:23 56.466.718,52 16,33% 5.076 15,37%
24:26 85.613.788,41 24,76% 7.755 23,47%
27:29 77.015.629,66 22,27% 7.129 21,58%
30:32 58.049.854,80 16,79% 5.547 16,79%
33:35 31.081.073,51 8,99% 3.218 9,74%
36:38 13.001.411,27 3,76% 1.401 4,24%
39:41 10.540.228,45 3,05% 1.116 3,38%
42:44 7.045.864,62 2,04% 780 2,36%
45:47 3.385.040,08 0,98% 425 1,29%
48:50 1.399.781,01 0,40% 178 0,54%
51:53 988.577,92 0,29% 144 0,44%
54:56 664.696,00 0,19% 122 0,37%
57:59 405.014,11 0,12% 83 0,25%
60:62 87.428,91 0,03% 23 0,07%
63:65 60.700,56 0,02% 19 0,06%
66:68 25.052,27 0,01% 13 0,04%
69:71 7.967,36 0,00% 4 0,01%
78:80 831,75 0,00% 1 0,00%81: 1.810,97 0,00% 2 0,01%
Total 345.841.470,18 100,00% 33.036 100,00%
Statistics
WA Seasoning 28,81
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
16.1 Seasoning (Graph) Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
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
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 78:80 81:
Cu
rren
t P
rin
cip
al
Bala
nce
Seasoning in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
17. Remaining Term Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Remaining Term in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 6 10.267.865,58 2,97% 2.224 6,73%
7:13 27.462.485,50 7,94% 3.773 11,42%
14:20 41.501.820,17 12,00% 4.608 13,95%
21:27 59.146.620,94 17,10% 5.736 17,36%
28:34 94.204.533,50 27,24% 7.447 22,54%
35:41 72.588.741,11 20,99% 5.470 16,56%
42:48 11.240.405,40 3,25% 1.231 3,73%
49:55 12.035.167,09 3,48% 1.151 3,48%
56:62 16.967.012,06 4,91% 1.364 4,13%63:69 426.818,83 0,12% 32 0,10%
Total 345.841.470,18 100,00% 33.036 100,00%
Statistics
WA Remaining Term 29,66
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
17.1 Remaining Term (Graph) Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
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
0: 6 7:13 14:20 21:27 28:34 35:41 42:48 49:55 56:62 63:69
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 Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
18. Original Term Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Original Term in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
13:25 965.538,45 0,28% 446 1,35%
26:38 26.052.174,32 7,53% 4.126 12,49%
39:51 72.050.399,28 20,83% 7.889 23,88%
52:64 199.935.886,96 57,81% 15.936 48,24%
65:77 20.112.225,65 5,82% 2.324 7,03%
78: 26.725.245,52 7,73% 2.315 7,01%
Total 345.841.470,18 100,00% 33.036 100,00%
Statistics
WA Original Term 58,47
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
18.1 Original Term (Graph) Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
0
50.000.000
100.000.000
150.000.000
200.000.000
250.000.000
13:25 26:38 39:51 52:64 65:77 78:
Cu
rren
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cip
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Bala
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Original Term in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
19. Manufacturer Brands Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Manufacturer
brands
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
1 45.171.750,61 13,06% 3.459 10,47%
2 40.601.062,32 11,74% 3.393 10,27%
3 32.788.565,24 9,48% 3.356 10,16%
4 28.525.118,09 8,25% 3.000 9,08%
5 27.905.115,16 8,07% 2.153 6,52%
6 26.312.298,77 7,61% 3.226 9,77%
7 16.915.828,82 4,89% 1.403 4,25%
8 14.879.275,03 4,30% 1.536 4,65%
9 14.602.208,49 4,22% 1.280 3,87%
10 13.036.842,60 3,77% 933 2,82%
11 12.832.420,33 3,71% 1.243 3,76%
12 11.344.429,87 3,28% 1.158 3,51%
13 6.436.899,84 1,86% 742 2,25%
14 6.078.353,74 1,76% 624 1,89%
15 4.616.665,63 1,33% 552 1,67%
302.046.834,54 87,34% 28.058 84,93%
TOP 15 manufacturer brands in alphabetical order:
Audi, BMW, Fiat, Ford, Hyundai, Kia, Mazda, Mercedes, Nissan, Opel, SEAT (E), Skoda, Suzuki, Volvo, VW
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
20. Priority of Payments + Transaction Costs Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Priority of Payments
Available Distribution Amount 15.841.927,43 €
Senior Expenses - 11.900,00 €
Net Swap Payments - 70.144,24 €
Interest Notes Class A - - €
Interest Notes Class B - 21.258,90 €
Payments to Liquidity Reserve Fund - 3.181.946,56 €
Principal Payments Class A - 11.353.181,40 €
Principal Payments Class B - - €
Payment due to rounding differences - 4,32 €
Payments to Reserve Fund - - € Payments to Commingling Reserve Ledger - n/a
Payments to Set-Off Reserve Ledger - n/a
Swap Termination Payments - n/a
Interest Commingling/Set-Off Reserve - - €
Interest Subordinated Loan - 2.463,34 €
Principal Payments Subordinated Loan - 121.348,23 €
Payments to Seller = 1.079.680,44 €
Transaction Costs All notes Class A Class B Senior Expenses 11.900,00 €-
Interest accrued for the Period 21.258,90 €- - € 21.258,90 €-
Cumulative Interest accrued 553.304,10 €- 161.736,30 €- 391.567,80 €-
Interest Payments 21.258,90 €- - € 21.258,90 €-
Cumulative Interest Payments 553.304,10 €- 161.736,30 €- 391.567,80 €-
Interest accrued on Subordinated Loan for the Period 2.463,34 €-
Cumulative Interest accrued on Subordinated Loan 61.638,70 €-
Interest Payments on Subordinated Loan 2.463,34 €-
Cumulative Interest Payments on Subordinated Loan 61.638,70 €-
Unpaid Interest for the Period - €
Cumulative Unpaid Interest - €
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
21.1 Swap Counterparty 1 Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Swap Counterparty Swap Counterparty ABN AMRO
Swap Rating Trigger Breach no
Rating Trigger & Current RatingsConsequenses
Long
Term
Short
TermOutlook
Long Term
(CRA)Long Term Outlook
Trigger
breach
1st Rating Trigger
Collateral, Guarantee
or ReplacementA A3 (cr) A3
no
2nd Rating Trigger
Guarantee or
ReplacementBBB Baa3 (cr) Baa3
no
Current Counterparty Ratings AH R-1M STABLE Aa3(cr) A1 STABLE
Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap ABN AMRO Bank N.V. Old Counterparty ABN AMRO
Notional Amount 159.097.327,95 c/o Operations Markets Treasury & Derivatives Current Counterparty ABN AMRO
Fixed Rate -0,2000% Gustav Mahlerlaan 10
Floating Rate (Euribor) -0,4560% 1082 PP Amsterdam
Net Swap Payments -35.072,12 The Netherlands
Notional Amount next period 153.420.737,25 Phone +31 20 383 1164
Email: [email protected]
Swap CollateralBegining of Period -€
Cash Outflow -€
Cash Inflow -€
End of Period -€
Ratings as of 31.12.2019, data source: Bloomberg
DBRS Moody's
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
21.2 Swap Counterparty 2 Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Swap Counterparty Swap Counterparty DZ Bank AG
Swap Rating Trigger Breach no
Rating Trigger & Current RatingsConsequenses
Long
Term
Short
TermOutlook
Long Term
(CRA)Long Term Outlook
Trigger
breach
1st Rating Trigger
Collateral, Guarantee
or ReplacementA A3 (cr) A3
no
2nd Rating Trigger
Guarantee or
ReplacementBBB Baa3 (cr) Baa3
no
Current Counterparty Ratings AH R-1M POS Aa1(cr) Aa1 NEG
Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap DZ Bank AG Old Counterparty DZ Bank AG
Notional Amount 159.097.327,95 Kapitalmärkte Handel / ABS-Emissionen Current Counterparty DZ Bank AG
Fixed Rate -0,2000% Platz der Republik
Floating Rate (Euribor) -0,4560% 60265 Frankfurt am Main
Net Swap Payments -35.072,12 Germany
Notional Amount next period 153.420.737,25 Phone +49 69 7447 4341
Email: [email protected]
Swap CollateralBegining of Period -€
Cash Outflow -€
Cash Inflow -€
End of Period -€
Ratings as of 31.12.2019, data source: Bloomberg
DBRS Moody's
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
22. Retention Monthly Period 13.01.2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
599.999.998,18 €
357.194.642,68 €
345.841.470,18 €
5.610.000,00 €
3.303.294,79 €
3.181.946,56 €
39.000.000,00 €
39.000.000,00 €
39.000.000,00 €
7,44%
11,84%
12,20%Net Economic Interest Ratio as of the end of the Monthly Period:
Santander Consumer Bank AG confirms its compliance to have continuously retained a net economic interest in the SC Germany Auto 2018-1 securitisation
transaction of at least 5% of the securitised Purchased Receivables pursuant to Art. 405 of the CRR (Regulation (EU) No 575/2013 of the European Parliament and
of the Council of 26 June 2013) by retaining the regulatory first loss tranche which is represented by the Subordinated Loan of at least 0,935% and by retaining the
regulatory second loss tranche which is represented by the Class B Notes of at least 4,065%.
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 Auto 2018-1 10.01.2020
Monthly Investor Report 13.01.2020
19
23. Counterparties Jan 2020
from 13.12.2019 to 13.01.2020 = 31 days
from 01.12.2019 to 31.12.2019
Long
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
Counterparty
status
Joint Lead Managers: Banco Santander S.A. AH R-1M STABLE A3(cr) P-2(cr) STABLE performing
Santander Global Banking and Markets
2 Triton Square
Regent's Place
eMail: [email protected] London NW1 3AN
Phone: +44 20 7756 4309 United Kingdom
UniCredit Bank AG - - - A1(cr) P-1(cr) STABLE performing
Arabellastr. 12eMail: [email protected] 81925 MunichPhone: +49 89 378 12679 Germany
Société Générale S.A. AH R-1M POS A1(cr) P-1(cr) STABLE performing
SG HouseeMail: [email protected] 41 Tower Hill, London EC3N 4SGPhone: +49 69 7174255 United Kingdom
Paying Agent: ABN AMRO Bank N.V. AH R-1M STABLE Aa3(cr) P-1(cr) STABLE performing
Gustav Mahlerlaan 10eMail: [email protected] 1082 PP AmsterdamPhone: +31 20 628 0708 The Netherlands
Transaction Account: ABN AMRO Bank N.V. AH R-1M STABLE Aa3(cr) P-1(cr) STABLE performing
Gustav Mahlerlaan 10eMail: [email protected] 1082 PP AmsterdamPhone: +31 (0)20 383204 2 The Netherlands
Transaction Security Trustee: TMF Trustee Limited - - - - - - performing
6 St Andrew Street eMail: [email protected] London EC4A 3AE Phone: +44(0) 207 832 4900 United Kingdom
Data Trustee: TMF Trustee Services GmbH - - - - - - performing
Eschenheimer Anlage 1eMail: [email protected] 60316 Frankfurt am MainPhone: +49 (0) 69 663698 0 Germany
Rating Agencies: DBRS Ratings Ltd. Moody's Deutschland GmbH
Structured Finance Structured Finance Monitoring
1 Minister Court, 10th floor, Mincing Lane An der Welle 5
EC3R 7 AA London 60322 Frankfurt am Main
United Kingom Germany
Ratings as of 31.12.2019, data source: Bloomberg
DBRS Moody's
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
Collection Period
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 Reporting Date 10.01.2020
Monthly Investor Report Payment Date 13.01.2020
Period No 19
24. Issuer Information Monthly Period Jan 2020
Interest Period from 13.12.2019 to 13.01.2020 = 31 days
Collection Period from 01.12.2019 to 31.12.2019
Deal Name: SC Germany Auto 2018-1
Issuer: SC Germany Auto 2018-1 UG (haftungsbeschränkt)
The Managing Directors
Steinweg 3-5
60313 Frankfurt am Main
Germany
eMail [email protected]
fax +49 (0) 69 2992 5387
LEI: 5299000W44YCGN76D320
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: Wilmington Trust SP Services (Frankfurt) GmbH
Steinweg 3-5
60313 Frankfurt am Main
Germany
eMail [email protected]
fax +49 (0) 69 2992 5387
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 10.01.2020
Monthly Investor Report 13.01.2020
19
25. Santander Consumer Bank Jan 2020
from 13.12.2019 to 13.01.2020 = 31 days
from 01.12.2019 to 31.12.2019
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]
Michael Evers +49-2161-690-5761 [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
AH R-1M STABLE A3(cr) P-2(cr) STABLE
- - - A3(cr) P-2(cr) STABLE
- - - A1(cr) P-1(cr) POS
Ratings as of 31.12.2019, data source: Bloomberg
Collection Period
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
Santander Consumer Bank AG
Moody's
Banco Santander S.A.
Santander Consumer Finance S.A.
DBRS
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2018-1 10.01.2020
Monthly Investor Report 13.01.2020
19
26. Glossary Jan 2020
from 13.12.2019 to 13.01.2020 = 31 days
from 01.12.2019 to 31.12.2019
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 Fixed Swap Rate minus WA Notes Margin
Gap Insurance: Insurance which covers the risk that loss is incurred if the relevant Financed Vehicle has to be completely written off (total damage) due to fire, accident (irrespective
of whether such accident was caused by the Debtor or a third party), flooding or theft
Legal Maturity: Final Payment date on which 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 (X/Y): Protection against set-off risks due to (X) capitalized service fees (e.g. Payment Protection Insurance, Gap Insurance, Repair Cost Insurance) and (Y) deposits
Used Vehicle Shall mean any Financed Vehicle the date of purchase of which by the relevant debtor was later than 12 months after the date of first registration
of such Financed Vehicle
Collection Period
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach