sc germany consumer 2017-1 monthly investor report · sc germany consumer 2017-1 reporting date...
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SC Germany Consumer 2017-1
Monthly Investor Report
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
Cover Sheet Monthly Investor Report Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Index Page
1. Portfolio Information 1 IMPORTANT NOTICE to Investors:
2. Reserve Accounts 2
3. Performance Data 3 Due to the occurrence of a Regulatory Call Event the Issuer
4. Concentration Limits 4 will redeem on July 13, 2020 all outstanding Notes by applying
5. Outstanding Notes 5 the Regulatory Call Redemption Amount towards redemption
6. Original Principal Balance 6 of the Aggregate Outstanding Note Principal Amount plus accrued interest
6.1 Original PB (Graph) 7 thereon and all amounts ranking prior thereto in accordance with
7. Current Principal Balance 8 the Pre-Enforcement Priority of Payments
7.1 Current PB (Graph) 9 https://www.bourse.lu/issuer/SCGerCon2017/87541
8. Borrower Concentration 10
9. Geographical Distribution 11 This is the last investor report for SC Germany Consumer 2017-1 UG (haftungsbeschränkt).
9.1 Geographical (Graph) 12
10. Collateral 13
11. Insurances 14
12. Payment Methods 15
13. Effective Interest Rate 16
13.1 Effective Interest Rate (Graph) 17
14. Seasoning 18
14.1 Seasoning (Graph) 19
15. Remaining Term 20
15.1 Remaining Term (Graph) 21
16. Original Term 22
16.1 Original Term (Graph) 23
17. Loan Concentration 24
18. Priority of Payments + Transaction Costs 25
19. Swap Counterparty Data 26
20. Retention 27
21. Conterparties 28
22. Issuer Information 29
23. Santander Consumer Bank 30
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
1. Portfolio Information Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
current period previous period
Outstanding ReceivablesNo. of
Contracts
Aggregate Outstanding
Principal Amount
Aggregate Outstanding
Principal Amount
Beginning of Period 49.542 320.256.917,42 € 335.504.413,06 €
Scheduled Principal Payments 8.860.004,60 €
Prepayment Principal 6.507.817,48 €
Total Principal Collections 15.367.822,08 € 15.228.765,47 €
Total Interest Collections 1.557.353,20 € 1.631.447,16 €
Defaults 36.855,07 € 18.730,17 €
Recoveries 77.183,26 €
Delta Assets vs Notes previous period 16,64 €
Replenishment Amount - € - €
End of Period 0 - € 320.256.917,42 €
Repurchase of receivables due to exercised clean-up call 47.341 307.379.468,57 €
Total Assets (End of Period) 0 - € 320.256.934,06 €
Current Prepayment Rate (annualised)
Loans under German COVID-19 Mitigation Act 1.175 17.019.485,31 € 16.615.041,50 €
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
2. Reserve Accounts Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Note BalanceBeginning of Period 320.256.934,06 €
End of Period - €
Reserve AccountsLiquidity Reserve in % Trigger Event y/n
Beginning of Period 0,5% 1.601.284,59 €
Cash Outflow 1.601.284,59 €
Cash Inflow - €
End of Period 0,0% - €
Required Liquidity Reserve Fund 0,0% - €
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 in %
Beginning of Period n/a no
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 Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
3. Performance Data Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Note BalanceBeginning of Period 320.256.934,06€
End of Period -€
Delinquency Data and Ratios3-MRA* /
current ratioAmount at risk Overdue amount
Number of
Loans
3-MRA* 31- 60 days past due 0,63%
31- 60 days past due period before previous period 2.123.860,81 € 86.164,10 € 238
31- 60 days past due previous period 2.099.564,99 € 83.967,80 € 231
31- 60 days past due current period 0,58% 1.853.030,34 € 73.081,56 € 224
3-MRA* 61-90 days past due 0,31%
61- 90 days past due period before previous period 872.658,25 € 62.093,95 € 107
61- 90 days past due previous period 1.004.533,61 € 71.049,99 € 119
61- 90 days past due current period 0,33% 1.072.121,65 € 70.475,53 € 113
3-MRA* 91-120 days past due 0,17%
91- 120 days past due period before previous period 518.579,08 € 49.367,83 € 57
91- 120 days past due previous period 615.249,71 € 62.357,63 € 72
91- 120 days past due current period 0,16% 525.026,84 € 52.561,82 € 69
Default Data and Ratios Amount Number of Loans
Current Default
Current Period Gross Default 36.855,07 €
Current Period Recoveries 77.183,26 €
Current Period Net Default 40.328,19 €-
New Number of Defaulted Contracts 0
Cumulative Default
Cumulative Gross Default 22.775.684,80 €
Cumulative Recoveries 1.851.853,70 €
Cumulative Net Default 20.923.831,10 €
Total Number of Defaulted Contracts 1.813
3-MRA* /
current ratioRatio
3-MRA* Annualised Loss Ratio (Neue Rechtsakten) -0,22%
Annualised Loss Ratio period before previous period -0,27%
Annualised Loss Ratio previous period -0,23%
Annualised Loss Ratio current period -0,15% -0,15%
Principial Deficiency
Principial Deficiency period before previous period - €
Principial Deficiency previous period - €
Principial Deficiency current period - €
* 3-MRA stands for three months rolling average
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
4. Concentration Limits Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Current Transaction Status Amortizing
Portfolio Concentrations Minimum-Trigger Maximum-Trigger Current Value Trigger Breach
Average Yield (applicable for Total Portfolio) 5,90% - - no
Remaining Term (applicable for Total Portfolio) - 68,50 - no
Early Amortisation Events Maximum-Trigger Current Value Trigger Breach
Cumulative Loss Ratio
- prior to 30 November 2018 1,80% no
Purchase Shortfall Event no
Period before previous period
Previous period
Current period
Principal Deficiency Event no
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
5. Outstanding Notes Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
1. Note Balance All notes Class A Class B Class C Class D Class EGeneral Note Information
ISIN Code XS1718425223 XS1718434720 XS1718436345 XS1718436691 XS1718439364
Currency EUR EUR EUR EUR EUR
Initial Tranching in % 83,8% 6,3% 4,0% 1,5% 4,4%
Legal Maturity Nov 2030 Nov 2030 Nov 2030 Nov 2030 Nov 2030
Expected Maturity Okt 2021 Jun 2022 Jun 2022 Jun 2022 Jun 2022
Original Rating (DBRS / S&P) AA (sf) / AA (sf) A (sf) / A (sf) BBB (sf) / BBB(sf) BB high (sf) / BB (sf) Not rated
Current Rating (DBRS / S&P)* D & S AAA (sf) / AA (sf) AA (sf) / A (sf) A (sf) / BBB (sf) BBB (high) (sf) / BB (sf) n.r. / n.r.
Initial Notes Aggregate Principal Outstanding Balance 850.000.000,00 € 712.300.000,00 € 53.200.000,00 € 33.600.000,00 € 13.100.000,00 € 37.800.000,00 €
Initial Nominal per Note 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 €
Initial Number of Notes per Class 7.123 532 336 131 378
Current Note Information
Class Principal Outstanding Balance Beginning of Period 320.256.934,06 € 182.556.934,06 € 53.200.000,00 € 33.600.000,00 € 13.100.000,00 € 37.800.000,00 €
Available Distribution Amount 325.983.128,34 €
Replenishment - €
Amortisation 320.256.934,06 €
Redemption per Class 320.256.934,06 € 182.556.934,06 € 53.200.000,00 € 33.600.000,00 € 13.100.000,00 € 37.800.000,00 €
Redemption per Note 25.629,22 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 €
Class Principal Outstanding Balance End of Period - € - € - € - € - € - €
Current Tranching
Current Pool Factor 0,00 0,00 0,00 0,00 0,00
2. Payments to Investors per Note All notes Class A Class B Class C Class D Class E Interest Rate Basis: 1 M-Euribor / Fixed / Floating -0,478% 0,150% 0,750% 1,000% +324 bps +624 bps
DayCount Convention 28 act/360 act/360 act/360 act/360 act/360
Interest Days
Principal Outstanding per Note Beginning of Period 25.629,22 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 €
> Principal Repayment per Note 25.629,22 € 100.000,00 € 100.000,00 € 100.000,00 € 100.000,00 €
Principal Outstanding per Note End of Period - € - € - € - € - €
> Interest accrued for the period 21.297,77 € 31.031,56 € 26.134,08 € 28.141,42 € 169.404,48 €
Interest Payment 21.297,77 € 31.031,56 € 26.134,08 € 28.141,42 € 169.404,48 €
Interest Payment per Note 2,99 € 58,33 € 77,78 € 214,82 € 448,16 €
3. Credit Enhancements Class A Class B Class C Class D Class EInitial total CE (Subordination, Reserve) 16,2% 9,9% 6,0% 4,4% 0,0%
Current CE (incl. Excess Spread) n/a n/a n/a n/a n/a
Current CE (excl. Excess Spread) n/a n/a n/a n/a n/a
* Last rating action as of 28.11.2017
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
6. Original Principal Balance Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Original Principal
Balance (Ranges in
EUR)
Original Principal
Balance in EUR
Percentage of
Total BalanceNumber of Loans
Percentage of Total
Loans
0: 1999 2.300.564,26 0,38% 1.806 3,81%
2000: 3999 22.799.786,67 3,72% 7.906 16,70%
4000: 5999 39.850.921,72 6,51% 8.150 17,22%
6000: 7999 30.068.557,21 4,91% 4.409 9,31%
8000: 9999 28.311.007,73 4,62% 3.212 6,78%
10000: 11999 45.350.639,11 7,41% 4.258 8,99%
12000: 13999 32.736.835,71 5,35% 2.554 5,39%
14000: 15999 34.882.215,62 5,70% 2.330 4,92%
16000: 17999 27.394.403,39 4,47% 1.616 3,41%
18000: 19999 24.894.064,79 4,07% 1.315 2,78%
20000: 21999 25.754.602,49 4,21% 1.230 2,60%
22000: 23999 24.958.173,30 4,08% 1.086 2,29%
24000: 25999 25.899.922,57 4,23% 1.038 2,19%
26000: 27999 23.623.556,53 3,86% 876 1,85%
28000: 29999 23.447.822,80 3,83% 809 1,71%
30000: 31999 20.028.281,37 3,27% 649 1,37%
32000: 33999 18.819.111,57 3,07% 571 1,21%
34000: 35999 17.948.900,06 2,93% 513 1,08%
36000: 37999 14.838.854,84 2,42% 402 0,85%
38000: 39999 13.599.514,13 2,22% 349 0,74%
40000: 41999 12.773.197,82 2,09% 312 0,66%
42000: 43999 11.248.526,52 1,84% 262 0,55%
44000: 45999 11.299.520,66 1,85% 251 0,53%
46000: 47999 11.283.396,61 1,84% 240 0,51%
48000: 49999 9.992.291,55 1,63% 204 0,43%
50000: 51999 9.985.604,43 1,63% 196 0,41%
52000: 53999 7.843.709,07 1,28% 148 0,31%
54000: 55999 7.310.111,71 1,19% 133 0,28%
56000: 57999 6.538.561,94 1,07% 115 0,24%
58000: 59999 5.425.578,76 0,89% 92 0,19%
60000: 61999 4.450.594,25 0,73% 73 0,15%
62000: 63999 3.216.472,46 0,53% 51 0,11%
64000: 65999 2.331.356,61 0,38% 36 0,08%
66000: 67999 2.080.165,47 0,34% 31 0,07%
68000: 69999 1.863.397,23 0,30% 27 0,06%
70000: 71999 1.417.695,72 0,23% 20 0,04%
72000: 73999 805.284,53 0,13% 11 0,02%
74000: 75999 896.576,38 0,15% 12 0,03%
76000: 77999 462.384,03 0,08% 6 0,01%
78000: 79999 633.133,91 0,10% 8 0,02%
80000: 81999 727.345,95 0,12% 9 0,02%
82000: 83999 580.516,01 0,09% 7 0,01%
84000: 85999 424.815,74 0,07% 5 0,01%
86000: 87999 345.500,94 0,06% 4 0,01%
88000: 89999 267.357,25 0,04% 3 0,01%
90000: 91999 181.020,68 0,03% 2 0,00%
92000: 93999 277.415,46 0,05% 3 0,01%
94000: 95999 95.563,69 0,02% 1 0,00%
Total 612.264.831,25 100,00% 47.341 100,00%
Statistics in EUR
Average Amount 12.933,08
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
6.1 Original PB (Graph) Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
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
50.000.000
Ori
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cip
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Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
7. Current Principal Balance Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Current Principal
Balance (Ranges
in EUR)
Current Principal
Balance in EUR
Percentage of
Total BalanceNumber of Loans
Percentage of Total
Loans
0: 1999 14.508.625,03 4,76% 17.310 36,56%
2000: 3999 24.635.132,82 8,08% 8.549 18,06%
4000: 5999 24.828.024,25 8,14% 5.015 10,59%
6000: 7999 25.029.254,70 8,21% 3.607 7,62%
8000: 9999 23.531.324,89 7,72% 2.631 5,56%
10000:11999 21.733.682,97 7,13% 1.980 4,18%
12000:13999 20.732.785,39 6,80% 1.594 3,37%
14000:15999 18.747.643,32 6,15% 1.255 2,65%
16000:17999 18.483.094,86 6,06% 1.089 2,30%
18000:19999 16.328.873,72 5,36% 860 1,82%
20000:21999 15.070.393,83 4,94% 720 1,52%
22000:23999 12.729.821,31 4,18% 554 1,17%
24000:25999 10.969.826,10 3,60% 439 0,93%
26000:27999 10.363.386,08 3,40% 384 0,81%
28000:29999 8.432.168,68 2,77% 291 0,61%
30000:31999 7.729.054,02 2,54% 250 0,53%
32000:33999 7.285.347,00 2,39% 221 0,47%
34000:35999 5.841.962,12 1,92% 167 0,35%
36000:37999 4.689.268,60 1,54% 127 0,27%
38000:39999 3.158.014,04 1,04% 81 0,17%
40000:41999 2.612.729,63 0,86% 64 0,14%
42000:43999 1.548.251,06 0,51% 36 0,08%
44000:45999 1.391.844,41 0,46% 31 0,07%
46000:47999 1.028.302,34 0,34% 22 0,05%
48000:49999 881.004,97 0,29% 18 0,04%
50000:51999 611.884,68 0,20% 12 0,03%
52000:53999 740.468,25 0,24% 14 0,03%
54000:55999 219.596,40 0,07% 4 0,01%
56000:57999 168.815,66 0,06% 3 0,01%
58000:59999 237.119,01 0,08% 4 0,01%
60000:61999 182.567,87 0,06% 3 0,01%
62000:63999 127.335,98 0,04% 2 0,00%
64000:65999 130.359,70 0,04% 2 0,00%
70000:71999 71.518,49 0,02% 1 0,00%
72000:73999 72.758,09 0,02% 1 0,00%
Total 304.852.240,27 100,00% 47.341 100,00%
Statistics in EUR
Average Amount 6.439,50
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
7.1 Current PB (Graph) Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
0
5.000.000
10.000.000
15.000.000
20.000.000
25.000.000
30.000.000
Cu
rren
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rin
cip
al
Bala
nce
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
8. Borrower Concentration Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
NoCurrent Principal
Balance in EUR
Percentage of Total
BalanceNumber of Loans
1 72.758,09 0,0239% 1
2 71.518,49 0,0235% 1
3 65.569,65 0,0215% 1
4 64.790,05 0,0213% 1
5 63.940,58 0,0210% 1
6 63.395,40 0,0208% 1
7 61.714,21 0,0202% 1
8 60.808,11 0,0199% 1
9 60.045,55 0,0197% 1
10 59.785,51 0,0196% 1
11 59.469,85 0,0195% 1
12 59.051,44 0,0194% 1
13 58.812,21 0,0193% 1
14 56.616,72 0,0186% 1
15 56.198,48 0,0184% 1
16 56.000,46 0,0184% 1
17 55.750,34 0,0183% 1
18 54.898,39 0,0180% 2
19 54.824,24 0,0180% 1
20 54.714,19 0,0179% 1
21 54.307,63 0,0178% 1
22 53.636,57 0,0176% 1
23 53.341,57 0,0175% 1
24 53.267,98 0,0175% 1
25 53.247,97 0,0175% 1
1.478.463,68 0,4850% 26
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
9. Geographical Distribution Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
StateCurrent Principal
Balance in EUR
Percentage of Total
BalanceNumber of Loans
Percentage of Total
Loans
BADEN-WÜRTTEMBERG 33.751.306,73 11,07% 5.274 11,14%
BAYERN 33.898.376,27 11,12% 5.589 11,81%
BERLIN 13.700.041,79 4,49% 2.216 4,68%
BRANDENBURG 14.142.597,66 4,64% 2.245 4,74%
BREMEN 2.298.303,90 0,75% 347 0,73%
HAMBURG 5.001.359,99 1,64% 815 1,72%
HESSEN 21.698.136,15 7,12% 3.304 6,98%
MECKLENBURG-VORPOMMERN 11.128.560,19 3,65% 1.679 3,55%
NIEDERSACHSEN 30.224.628,65 9,91% 4.618 9,75%
NORDRHEIN-WESTFALEN 69.175.912,92 22,69% 10.242 21,63%
RHEINLAND-PFALZ 15.463.122,59 5,07% 2.290 4,84%
SAARLAND 4.569.721,49 1,50% 646 1,36%
SACHSEN 15.682.197,67 5,14% 2.671 5,64%
SACHSEN-ANHALT 13.743.646,46 4,51% 2.014 4,25%
SCHLESWIG-HOLSTEIN 9.139.259,98 3,00% 1.624 3,43%
THÜRINGEN 10.852.239,39 3,56% 1.720 3,63%
n/a 382.828,44 0,13% 47 0,10%
Total 304.852.240,27 100,00% 47.341 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
9.1 Geographical Distribution (Graph) Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
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
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rin
cip
al
Bala
nce
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
10. Collateral Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
CollateralCurrent Principal
Balance in EUR
Percentage of Total
BalanceNumber of Loans
Percentage of Total
Loans
secured 68.523.916,72 22,48% 4.430 9,36%
unsecured 236.328.323,55 77,52% 42.911 90,64%
Total 304.852.240,27 100,00% 47.341 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
11. Insurances Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Payment Protection
Insurance
Current Principal
Balance in EUR
Percentage of Total
BalanceNumber of Loans
Percentage of Total
Loans
No 60.820.628,28 19,95% 18.075 38,18%
Yes 244.031.611,99 80,05% 29.266 61,82%
Total 304.852.240,27 100,00% 47.341 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
12. Payment Methods Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Payment MethodCurrent Principal
Balance in EUR
Percentage of Total
BalanceNumber of Loans
Percentage of Total
Loans
Direct Debit 290.945.026,83 95,44% 45.947 97,06%
Other 13.907.213,44 4,56% 1.394 2,94%
Total 304.852.240,27 100,00% 47.341 100,00%
Cycle of PaymentCurrent Principal
Balance in EUR
Percentage of Total
BalanceNumber of Loans
Percentage of Total
Loans
15th of month 92.184.508,80 30,24% 14.395 30,41%
1st of month 212.667.731,47 69,76% 32.946 69,59%
Total 304.852.240,27 100,00% 47.341 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
13. Effective Interest Rate Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Yield Range* Current Principal
Balance in EUR
Percentage of Total
BalanceNumber of Loans
Percentage of Total
Loans
0: 0 159.018,22 0,05% 438 0,93%
1: 1 1.922.891,99 0,63% 3.284 6,94%
2: 2 18.976.385,71 6,22% 7.945 16,78%
3: 3 43.567.147,98 14,29% 9.045 19,11%
4: 4 39.478.903,31 12,95% 5.266 11,12%
5: 5 47.762.805,77 15,67% 5.700 12,04%
6: 6 44.327.287,71 14,54% 4.729 9,99%
7: 7 73.759.942,66 24,20% 6.835 14,44%
8: 8 22.410.088,65 7,35% 2.546 5,38%
9: 9 11.020.496,49 3,62% 1.330 2,81%
10:10 1.261.783,28 0,41% 186 0,39%
11:11 191.255,00 0,06% 30 0,06%
12:12 4.706,10 0,00% 4 0,01%
13:13 3.955,10 0,00% 2 0,00%
14:14 5.572,30 0,00% 1 0,00%
Total 304.852.240,27 100,00% 47.341 100,00%
Statistics in %
WA Interest 6,20%
*runs from .00 to .99
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
13.1 Effective Interest Rate (Graph) Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
*runs from .00 to .99
0
10.000.000
20.000.000
30.000.000
40.000.000
50.000.000
60.000.000
70.000.000
80.000.000
0: 0 1: 1 2: 2 3: 3 4: 4 5: 5 6: 6 7: 7 8: 8 9: 9 10:10 11:11 12:12 13:13 14:14
Cu
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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 Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
14. Seasoning Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Seasoning in
Months
Current Principal
Balance in EUR
Percentage of Total
BalanceNumber of Loans
Percentage of Total
Loans
21:23 1.116.555,25 0,37% 200 0,42%
24:26 10.706.540,92 3,51% 1.684 3,56%
27:29 18.084.846,97 5,93% 3.003 6,34%
30:32 20.142.355,24 6,61% 3.723 7,86%
33:35 54.495.314,27 17,88% 9.116 19,26%
36:38 61.751.513,89 20,26% 9.392 19,84%
39:41 54.041.149,01 17,73% 7.243 15,30%
42:44 29.992.888,77 9,84% 4.414 9,32%
45:47 27.410.719,74 8,99% 4.349 9,19%
48:50 11.782.974,32 3,87% 1.828 3,86%
51:53 7.566.079,62 2,48% 1.067 2,25%
54:56 3.140.564,42 1,03% 502 1,06%
57:59 1.792.310,23 0,59% 297 0,63%
60:62 853.293,23 0,28% 136 0,29%
63:65 534.753,41 0,18% 95 0,20%
66:68 532.161,46 0,17% 84 0,18%
69:71 404.213,75 0,13% 94 0,20%
72:74 227.647,11 0,07% 55 0,12%
75:77 120.122,57 0,04% 14 0,03%
78:80 32.465,58 0,01% 5 0,01%
81: 123.770,51 0,04% 40 0,08%
Total 304.852.240,27 100,00% 47.341 100,00%
Statistics
WA Seasoning 38,46
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
14.1 Seasoning (Graph) Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
0
10.000.000
20.000.000
30.000.000
40.000.000
50.000.000
60.000.000
70.000.000
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
t P
rin
cip
al
Bala
nce
Seasoning in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
15. Remaining Term Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Remaining Term in
Months
Current Principal
Balance in EUR
Percentage of Total
BalanceNumber of Loans
Percentage of Total
Loans
0: 6 3.394.045,94 1,11% 7.434 15,70%
7: 13 10.274.481,36 3,37% 6.191 13,08%
14: 20 17.353.186,37 5,69% 5.584 11,80%
21: 27 26.701.716,40 8,76% 5.604 11,84%
28: 34 30.274.862,16 9,93% 4.152 8,77%
35: 41 36.813.295,50 12,08% 4.142 8,75%
42: 48 37.860.084,31 12,42% 3.695 7,81%
49: 55 47.873.445,28 15,70% 4.223 8,92%
56: 62 53.235.643,39 17,46% 3.871 8,18%
63: 69 31.441.147,27 10,31% 1.920 4,06%
70: 76 8.505.910,16 2,79% 477 1,01%
77: 83 794.986,20 0,26% 33 0,07%
84: 90 231.370,81 0,08% 10 0,02%
91: 97 44.379,09 0,01% 2 0,00%
98:104 14.903,11 0,00% 1 0,00%
105:108 38.782,92 0,01% 2 0,00%
Total 304.852.240,27 100,00% 47.341 100,00%
Statistics
WA Remaining Term 44,29
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
15.1 Remaining Term (Graph) Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
0
10.000.000
20.000.000
30.000.000
40.000.000
50.000.000
60.000.000
0: 6 7: 13 14: 20 21: 27 28: 34 35: 41 42: 48 49: 55 56: 62 63: 69 70: 76 77: 83 84: 90 91: 97 98:104 105:108
Cu
rren
t P
rin
cip
al
Bala
nce
Remaining Term in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
16. Original Term Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Original Term in
Months
Current Principal
Balance in EUR
Percentage of Total
BalanceNumber of Loans
Percentage of Total
Loans
7: 13 30,97 0,00% 5 0,01%
14: 20 242,51 0,00% 11 0,02%
21: 27 6.240,12 0,00% 179 0,38%
28: 34 93.387,28 0,03% 169 0,36%
35: 41 3.617.651,06 1,19% 6.398 13,51%
42: 48 2.017.409,10 0,66% 1.359 2,87%
49: 55 15.547.228,30 5,10% 7.928 16,75%
56: 62 34.489.121,32 11,31% 8.511 17,98%
63: 69 12.947.608,28 4,25% 1.633 3,45%
70: 76 35.961.922,76 11,80% 4.587 9,69%
77: 83 16.841.246,85 5,52% 1.256 2,65%
84: 90 60.314.969,02 19,78% 6.752 14,26%
91: 97 58.402.146,04 19,16% 4.403 9,30%
98:104 58.624.969,96 19,23% 3.861 8,16%
105:111 4.769.253,66 1,56% 226 0,48%
112:118 798.472,51 0,26% 42 0,09%
119: 420.340,53 0,14% 21 0,04%
Total 304.852.240,27 100,00% 47.341 100,00%
Statistics
WA Original Term 82,74
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
16.1 Original Term (Graph) Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
0
10.000.000
20.000.000
30.000.000
40.000.000
50.000.000
60.000.000
70.000.000
7: 13 14: 20 21: 27 28: 34 35: 41 42: 48 49: 55 56: 62 63: 69 70: 76 77: 83 84: 90 91: 97 98:104 105:111 112:118 119:
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 Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
17. Loan Concentration Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Loan ConcentrationCurrent Principal
Balance in EUR
Percentage of
Total BalanceNumber of Loans
Percentage of Total
LoansNumber of Debtors
Percentage of Total
Debtors
1: 1 302.097.498,60 99,10% 46.451 98,12% 46.451 99,09%
2: 2 2.629.867,21 0,86% 790 1,67% 395 0,84%
3: 3 96.827,91 0,03% 78 0,16% 26 0,06%
4: 4 26.459,71 0,01% 16 0,03% 4 0,01%
6: 6 1.586,84 0,00% 6 0,01% 1 0,00%
Total 304.852.240,27 100,00% 47.341 100,00% 46.877 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
18. Priority of Payments + Transaction Costs Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Priority of Payments
Available Distribution Amount 325.983.128,34 €
Senior Expenses - 1.020,46 €
Net Swap Payments - 18.883,89 €
Interest Notes Class A - 21.297,77 €
Interest Notes Class B - 31.031,56 €
Interest Notes Class C - 26.134,08 €
Interest Notes Class D - 28.141,42 €
Interest Notes Class E - 169.404,48 €
Replenishment - - €
Payments to Purchase Shortfall Account -
Principal Payments Class A - 182.556.934,06 €
Principal Payments Class B - 53.200.000,00 €
Principal Payments Class C - 33.600.000,00 €
Principal Payments Class D - 13.100.000,00 €
Principal Payments Class E - 37.800.000,00 €
Payments to Commingling Reserve Ledger - n/a
Payments to Set-Off Reserve Ledger - n/a
Swap Termination Payment n/a
Interest Liquidity/Commingling/Set-Off 12,45 €
Cost Reserve 75.000,00 €
Principal Payments Subordinated Loan 1.601.284,59 €
Payments to Seller = 3.753.983,58 €
Transaction Costs All notes Class A Class B Class C Class D Class E Senior Expenses 1.020,46 €-
Interest accrued for the Period 276.009,31 €- 21.297,77 €- 31.031,56 €- 26.134,08 €- 28.141,42 €- 169.404,48 €-
Cumulative Interest accrued 10.899.251,77 €- 2.077.565,41 €- 1.061.776,24 €- 894.139,68 €- 990.365,24 €- 5.875.405,20 €-
Interest Payments 276.009,31 €- 21.297,77 €- 31.031,56 €- 26.134,08 €- 28.141,42 €- 169.404,48 €-
Cumulative Interest Payments 10.899.251,77 €- 2.077.565,41 €- 1.061.776,24 €- 894.139,68 €- 990.365,24 €- 5.875.405,20 €-
Unpaid Interest for the Period - €
Cumulative Unpaid Interest - €
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
19. Swap Counterparty Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Swap Counterparty Swap Counterparty DZ Bank AG
Swap Rating Trigger Breach noRTG_DBRS_LT_BANK_DEPOSITS RTG_DBRS_ST RTG_SP_LT_LC_ISSUER_CREDIT RTG_SP_ST_LC_ISSUER_CREDIT
Rating Trigger & Current Ratings ConsequensesLong
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
Trigger
breachRTG_DBRS_SENIOR_UNSECURED RTG_DBRS_ST RTG_DBRS_OUTLOOK RTG_SP_LT_LC_ISSUER_CREDIT RTG_SP_ST_LC_ISSUER_CREDIT RTG_SP_OUTLOOK
1st Rating TriggerCollateral, Guarantee
or ReplacementBBB R-1M BB A-1+ no
Current Counterparty Ratings AAL R-1M STABLE AA- A-1+ 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 50.899.983,36 € Kapitalmärkte Handel / ABS-Emissionen Current Counterparty DZ Bank AG
Fixed Rate -0,0010% Platz der Republik
Floating Rate (Euribor) -0,4780% 60265 Frankfurt am Main
Net Swap Payments - 18.883,89 € Germany
Notional Amount next period - € Phone +49 69 7447 4341
Email: [email protected]
Ratings as of 30.06.2020, data source: Bloomberg
DBRS S & P
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
20. Retention Monthly Period Jul 2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Outstanding Balance of the Class A Notes as of the Offer Date: 712.300.000,00 €
712.300.000,00 €
0,00 €
0,00 €
Outstanding Balance of the Class B Notes as of the Offer Date: 53.200.000,00 €
53.200.000,00 €
Outstanding Balance of the Class B Notes as of the end of the Monthly Period: 0,00 €
0,00 €
Outstanding Balance of the Class C Notes as of the Offer Date: 33.600.000,00 €
33.600.000,00 €
Outstanding Balance of the Class C Notes as of the end of the Monthly Period: 0,00 €
0,00 €
Outstanding Balance of the Class D Notes as of the Offer Date: 13.100.000,00 €
700.000,00 €
Outstanding Balance of the Class D Notes as of the end of the Monthly Period: 0,00 €
0,00 €
Outstanding Balance of the Class E Notes as of the Offer Date: 37.800.000,00 €
19.400.000,00 €
Outstanding Balance of the Class E Notes as of the end of the Monthly Period: 0,00 €
0,00 €Outstanding Balance of the retained Class E Notes of the end of the Monthly Period:
Santander Consumer Bank AG confirms its compliance to have continuously retained a net economic interest in the SC Germany Consumer 2017-1 securitisation
transaction of at least 5% of the securitised Purchased Receivables pursuant to Art. 405 of the CRR (Regulation (EU) No 575/2013 of the European Parliament and
of the Council of 26 June 2013) by retaining no less than 5 % of the nominal value of each of the tranches sold or transferred to the investors.
Outstanding Balance of the Class A Notes as of the end of the Monthly Period:
Outstanding Balance of the retained Class B Notes as of the Offer Date:
Outstanding Balance of the retained Class A Notes as of the Offer Date:
Outstanding Balance of the retained Class A Notes of the end of the Monthly Period:
Outstanding Balance of the retained Class B Notes of the end of the Monthly Period:
Outstanding Balance of the retained Class C Notes as of the Offer Date:
Outstanding Balance of the retained Class C Notes of the end of the Monthly Period:
Outstanding Balance of the retained Class D Notes as of the Offer Date:
Outstanding Balance of the retained Class D Notes of the end of the Monthly Period:
Outstanding Balance of the retained Class E Notes as of the Offer Date:
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 09.07.2020
Monthly Investor Report 13.07.2020
32
21. Counterparties Jul 2020
from 15.06.2020 to 13.07.2020 = 28 days
from 01.06.2020 to 30.06.2020
RTG_DBRS_LT_BANK_DEPOSITS RTG_DBRS_ST RTG_SP_LT_LC_ISSUER_CREDIT RTG_SP_ST_LC_ISSUER_CREDIT
Long
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
Counterparty
status
RTG_DBRS_SENIOR_UNSECURED RTG_DBRS_ST RTG_DBRS_OUTLOOK RTG_SP_LT_LC_ISSUER_CREDIT RTG_SP_ST_LC_ISSUER_CREDIT RTG_SP_OUTLOOK
Join Lead Managers: UniCredit Bank AG - - - BBB+ A-2 NEG performing
Arabellastraße 12
81925 München
Germany
Banco Santander S.A. AH R-1M STABLE A A-1 NEG performing
Santander Global Banking and Markets
2 Triton Square
Regent's Place
London NW1 3AN
United Kingdom
Paying Agent: HSBC Bank plc - - - A+ A-1 STABLE performing
Level 28, 8 Canada Square
London E14 5HQ
United Kingdom
Transaction Account: HSBC Bank plc - - - A+ A-1 STABLE performing
Level 28, 8 Canada Square
London E14 5HQ
United Kingdom
Transaction Security Trustee: TMF Trustee Limited - - - - - - performing
6 St Andrew Street
London EC4A 3AE
United Kingdom
Data Trustee: TMF Deutschland AG - - - - - - performing
Eschenheimer Anlage 1
60316 Frankfurt am Main
Germany
Rating Agencies: Standard & Poor's Ratings Services DBRS
Structured Finance Surveillance Team
20 Canada Square 1 Minster Court
E14 5LH London London EC3R 7AA
United Kingdom United Kingdom
Ratings as of 30.06.2020, data source: Bloomberg
DBRS 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 Consumer 2017-1 Reporting Date 09.07.2020
Monthly Investor Report Payment Date 13.07.2020
Period No 32
22. Issuer Information Monthly Period 13.07.2020
Interest Period from 15.06.2020 to 13.07.2020 = 28 days
Collection Period from 01.06.2020 to 30.06.2020
Deal Name: SC Germany Consumer 2017-1
Issuer: SC Germany Consumer 2017-1 UG (haftungsbeschränkt)
The Managing Directors
Steinweg 3-5
60313 Frankfurt am Main
Germany
eMail [email protected]
fax +49 (0) 69 2992 5387
LEI: 5299009N4WFEF18HYJ45
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 Mönchengladbach
Germany
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 Consumer 2017-1 09.07.2020
Monthly Investor Report 13.07.2020
32
23. Santander Consumer Bank Jul 2020
from 15.06.2020 to 13.07.2020 = 28 days
from 01.06.2020 to 30.06.2020
Contact DetailsCapital Markets
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 A A-1 NEG
- - - A- A-2 NEG
- - - A- A-2 NEG
Ratings as of 30.06.2020, data source: Bloomberg
Santander Consumer Bank AG
Santander Consumer Finance S.A.
DBRS
Banco Santander S.A.
S & P
Interest Period
Collection Period
Reporting Date
Payment Date
Period No
Monthly Period
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Consumer 2017-1 09.07.2020
Monthly Investor Report 13.07.2020
32
24. Glossary Jul 2020
from 15.06.2020 to 13.07.2020 = 28 days
from 01.06.2020 to 30.06.2020
Aggregate Outstanding Principal Amount: Shall mean in respect of all Purchased Receivables at any time, the aggregate of the Outstanding Principal Amounts of all Purchased Receivables
which, as of such time, are not defaulted receivables.
Defaulted Contracts/Defaults: Shall mean as of any date, any purchased receivable which has been declared due and payable in full in accordance to the Credit and Collection Policy
which in principal is between 120 and 180 calendar days after the due date.
Delinquent Receivable: Shall mean as of any date, any purchased receivable which is more than 30 days overdue and not a defaulted contract.
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 30% constant prepayment rate, (b) an exercised Clean-Up Call at 10%,
and (c) 0% cumulative gross losses.
Payment Protection Insurance: Insurance, composed of life insurance and/or accident insurance and/or temporary disability insurance and/or unemployment insurance, which covers
the risk that a Debtor in its capacity as insured person is unable to pay the Loan Instalments owed by such Debtor life insurance
Recoveries: Any amount received on defaulted contracts
Set-Off Reserve: Protection against set-off risks due to deposits
Collection Period
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period