sc germany vehicles 2013-1 monthly investor report€¦ · 151- 180 days past due previous period...
TRANSCRIPT
SC Germany Vehicles 2013-1
Monthly Investor Report
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
Cover Sheet Monthly Investor Report Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
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 30
23. Counterparties 31
24. Issuer Information 32
25. Santander Consumer Bank 33
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
1. Portfolio Information Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
current period previous period
Outstanding ReceivablesNo. of
Contracts
Aggregate Outstanding
Principal Amount
Aggregate Outstanding
Principal Amount
Beginning of Period 20.437 152.826.989,38 € 162.840.140,96 €
Scheduled Principal Payments 7.276.516,05 €
Prepayment Principal 2.886.662,25 €
Others 45.880,45 €
Total Principal Collections 10.209.058,75 € 9.889.118,01 €
Total Interest Collections 691.428,30 € 736.173,43 €
Defaults 143.209,90 € 124.033,57 €
Replenishment - € - €
End of Period 19.294 142.474.720,73 € 152.826.989,38 €
Purchase Shortfall Account 38,27 € 55,62 €
Total Assets (End of Period) 142.474.759,00 € 152.827.045,00 €
Current Prepayment Rate (annualised) 20,5%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
2. Reserve Accounts Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Note BalanceBeginning of Period 152.827.045,00 €
End of Period 142.474.759,00 €
Reserve AccountsReserve Account in % Trigger Event y/n
Beginning of Period 4,58% 7.000.000,00 €
Cash Outflow - €
Cash Inflow - €
End of Period 4,91% 7.000.000,00 €
Required Reserve Fund 4,91% 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 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
3. Delinquency Data Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Note BalanceBeginning of Period 152.827.045,00 €
End of Period 142.474.759,00 €
Delinquency Data and Ratios3-MRA* /
current ratio Amount at risk Overdue amount
Number of
Loans
3-MRA* 1- 30 days past due 0,72%
1- 30 days past due period before previous period 1.383.618,29 € 379.316,57 € 166
1- 30 days past due previous period 1.127.408,49 € 210.223,82 € 137
1- 30 days past due current period 0,51% 777.106,03 € 82.592,66 € 115
3-MRA* 31- 60 days past due 0,67%
31- 60 days past due period before previous period 1.039.080,91 € 125.495,00 € 124
31- 60 days past due previous period 1.078.094,00 € 127.310,37 € 111
31- 60 days past due current period 0,64% 971.574,87 € 105.663,81 € 129
3-MRA* 61-90 days past due 0,31%
61- 90 days past due period before previous period 451.505,37 € 147.465,97 € 52
61- 90 days past due previous period 521.222,95 € 91.253,93 € 54
61- 90 days past due current period 0,30% 458.666,65 € 85.527,08 € 48
3-MRA* 91-120 days past due 0,14%
91- 120 days past due period before previous period 148.161,63 € 25.391,84 € 21
91- 120 days past due previous period 260.657,54 € 110.829,18 € 31
91- 120 days past due current period 0,15% 226.379,49 € 30.473,27 € 25
3-MRA* 121-150 days past due 0,07%
121- 150 days past due period before previous period 149.947,92 € 29.228,54 € 18
121- 150 days past due previous period 30.477,66 € 13.797,41 € 9
121- 150 days past due current period 0,10% 149.267,04 € 90.875,37 € 14
3-MRA* 151-180 days past due 0,15%
151- 180 days past due period before previous period 280.361,88 € 70.191,36 € 31
151- 180 days past due previous period 254.955,01 € 58.721,15 € 28
151- 180 days past due current period 0,09% 143.723,00 € 47.045,94 € 22
* 3-MRA stands for three months rolling average
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
4. Default Data Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Note BalanceBeginning of Period 152.827.045,00 €
End of Period 142.474.759,00 €
Default Data and Ratios Amount Number of Loans
Current Default
Current Period Gross Default 143.209,90 €
Current Period Recoveries 39.929,83 €
Current Period Net Default 103.280,07 €
New Number of Defaulted Contracts 16
Cumulative Default
Cumulative Gross Default 20.702.571,27 €
Cumulative Recoveries 3.936.446,95 €
Cumulative Net Default 16.766.124,32 €
Total Number of Defaulted Contracts 2.266
3-MRA* /
current ratio Ratio
3-MRA* Annualised Net Default Ratio (New Default) 0,83%
Annualised Loss Ratio period before previous period 1,15%
Annualised Loss Ratio previous period 0,46%
Annualised Loss Ratio current period 0,87% 0,87%
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 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
5. Concentration Limits Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Current Transaction Status Amortizing
Portfolio Concentrations Minimum-Trigger Maximum-Trigger Current Value Trigger Breach
New Vehicles (applicable for Replenishment Portfolio) 45,00% - - -
Average Yield (applicable for Replenishment Portfolio) 4,50% - - -
Contracts with Balloon Rates (applicable for Total Portfolio) - 45,00% - -
Remaining Term (applicable for Total Portfolio) - 55,00 - -
Early Amortisation Events Maximum-Trigger Current Value Trigger Breach
Cumulative Loss Ratio
- prior to 30 September 2014 0,75% - -
- prior to 30 September 2015 1,50% - -
- prior to 30 September 2016 2,25% - -
Purchase Shortfall Event -
Period before previous period -
Previous period -
Current period -
Principal Deficiency Event - -
Total Sold Receivables 1.645.278.869,84 €
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
6. Outstanding Notes Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
1. Note Balance All notes Class A Class BGeneral Note Information
ISIN Code XS0980215825 XS0980216807
Currency EUR EUR
Initial Tranching in % 90,0% 10,0%
Legal Maturity Oct 2027 Oct 2027
Expected Maturity Mrz 2020 Mrz 2020
Original Rating (DBRS / S&P) A(sf) / A(sf) NR / NR
Current Rating (DBRS / S&P)* AA (high) (sf) / AA-(sf) NR / NR
Initial Notes Aggregate Principal Outstanding Balance 700.000.000,00 € 630.000.000,00 € 70.000.000,00 €
Initial Nominal per Note 100.000,00 € 100.000,00 €
Initial Number of Notes per Class 6.300 700
Current Note Information
Class Principal Outstanding Balance Beginning of Period 152.827.045,00 € 82.827.045,00 € 70.000.000,00 €
Available Distribution Amount 17.940.472,50 €
Replenishment 0,00 €
Amortisation 10.352.286,00 €
Redemption per Class 10.352.286,00 € 10.352.286,00 € 0,00 €
Redemption per Note 1.643,22 € 0,00 €
Class Principal Outstanding Balance End of Period 142.474.759,00 € 72.474.759,00 € 70.000.000,00 €
Current Tranching 50,9% 49,1%
Current Pool Factor 0,12 1,00
2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: Fixed 1,593% 2,802%
DayCount Convention act/360 act/360
Interest Days 31
Principal Outstanding per Note Beginning of Period 13.147,15 € 100.000,00 €
> Principal Repayment per Note 1.643,22 € 0,00 €
Principal Outstanding per Note End of Period 11.503,93 € 100.000,00 €
> Interest accrued for the period 113.589,00 € 168.896,00 €
Interest Payment 113.589,00 € 168.896,00 €
Interest Payment per Note 18,03 € 241,28 €
3. Credit Enhancements Class A Class B Initial total CE (Subordination, Reserve) 11,00% 1,00%
Current CE (incl. Excess Spread) 56,61% 7,48%
Current CE (excl. Excess Spread) 54,04% 4,91%
* Last rating action as of 23.08.2018
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
7. Original Principal Balance Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Original Principal Balance
(Ranges in EUR)
Original Principal
Balance in EUR
Percentage of
Total Balance Number of Loans
Percentage of Total
Loans
0: 1999 11.368,82 0,00% 7 0,04%
2000: 3999 492.270,57 0,13% 150 0,78%
4000: 5999 2.585.979,68 0,68% 503 2,61%
6000: 7999 6.762.840,19 1,79% 954 4,94%
8000: 9999 11.675.268,11 3,09% 1.288 6,68%
10000:11999 18.863.216,93 4,99% 1.718 8,90%
12000:13999 22.711.576,88 6,01% 1.748 9,06%
14000:15999 26.775.061,89 7,08% 1.784 9,25%
16000:17999 28.355.718,75 7,50% 1.670 8,66%
18000:19999 30.048.786,00 7,95% 1.582 8,20%
20000:21999 32.139.826,77 8,50% 1.533 7,95%
22000:23999 29.701.131,91 7,86% 1.292 6,70%
24000:25999 26.063.187,38 6,89% 1.044 5,41%
26000:27999 22.674.051,57 6,00% 842 4,36%
28000:29999 18.812.883,79 4,98% 650 3,37%
30000:31999 17.590.130,73 4,65% 568 2,94%
32000:33999 12.290.938,98 3,25% 373 1,93%
34000:35999 10.378.503,40 2,75% 297 1,54%
36000:37999 9.636.505,95 2,55% 261 1,35%
38000:39999 7.599.330,62 2,01% 195 1,01%
40000:41999 6.921.368,74 1,83% 169 0,88%
42000:43999 4.934.460,98 1,31% 115 0,60%
44000:45999 4.538.620,95 1,20% 101 0,52%
46000:47999 3.096.379,96 0,82% 66 0,34%
48000:49999 3.379.415,39 0,89% 69 0,36%
50000:51999 2.337.263,43 0,62% 46 0,24%
52000:53999 1.847.846,40 0,49% 35 0,18%
54000:55999 1.813.760,26 0,48% 33 0,17%
56000:57999 1.769.143,25 0,47% 31 0,16%
58000:59999 2.006.056,09 0,53% 34 0,18%
60000:61999 1.156.590,52 0,31% 19 0,10%
62000:63999 882.346,60 0,23% 14 0,07%
64000:65999 1.363.887,42 0,36% 21 0,11%
66000:67999 802.311,74 0,21% 12 0,06%
68000:69999 342.763,26 0,09% 5 0,03%
70000:70000 210.000,00 0,06% 3 0,02%70001: 5.441.164,65 1,44% 62 0,32%
Total 378.011.958,56 100,00% 19.294 100,00%
Statistics in EUR
Average Amount 19.592,20
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
7.1 Original PB (Graph) Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
0
5.000.000
10.000.000
15.000.000
20.000.000
25.000.000
30.000.000
35.000.000
Ori
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Bala
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Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
8. Current Principal Balance Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Current Principal Balance
(Ranges in EUR)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 1999 3.772.499,51 2,65% 3.885 20,14%
2000: 3999 10.068.136,70 7,07% 3.368 17,46%
4000: 5999 13.996.927,16 9,82% 2.820 14,62%
6000: 7999 16.372.241,21 11,49% 2.350 12,18%
8000: 9999 15.834.878,86 11,11% 1.769 9,17%
10000:11999 15.600.747,16 10,95% 1.423 7,38%
12000:13999 14.037.283,43 9,85% 1.084 5,62%
14000:15999 11.087.608,24 7,78% 743 3,85%
16000:17999 9.024.679,47 6,33% 534 2,77%
18000:19999 6.615.733,77 4,64% 349 1,81%
20000:21999 5.422.115,20 3,81% 259 1,34%
22000:23999 4.436.344,02 3,11% 193 1,00%
24000:25999 3.165.206,17 2,22% 127 0,66%
26000:27999 3.186.305,75 2,24% 118 0,61%
28000:29999 1.935.915,40 1,36% 67 0,35%
30000:31999 1.459.284,69 1,02% 47 0,24%
32000:33999 921.670,67 0,65% 28 0,15%
34000:35999 1.018.032,08 0,71% 29 0,15%
36000:37999 667.918,50 0,47% 18 0,09%
38000:39999 1.018.606,32 0,71% 26 0,13%
40000:41999 535.934,22 0,38% 13 0,07%
42000:43999 385.323,19 0,27% 9 0,05%
44000:45999 271.389,98 0,19% 6 0,03%
46000:47999 281.895,55 0,20% 6 0,03%
48000:49999 294.290,71 0,21% 6 0,03%
52000:53999 106.949,44 0,08% 2 0,01%
54000:55999 328.284,27 0,23% 6 0,03%
56000:57999 170.052,61 0,12% 3 0,02%
64000:65999 64.709,49 0,05% 1 0,01%
68000:69999 138.911,43 0,10% 2 0,01%70001: 254.845,53 0,18% 3 0,02%
Total 142.474.720,73 100,00% 19.294 100,00%
Statistics in EUR
Average Amount 7.384,41
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
8.1 Current PB (Graph) Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
0
2.000.000
4.000.000
6.000.000
8.000.000
10.000.000
12.000.000
14.000.000
16.000.000
18.000.000
Cu
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rin
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Bala
nc
e
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
9. Borrower Concentration Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
No
Current Principal
Balance in EUR
Percentage of
Balance Number of Loans
1 98.298,04 0,0690% 1
2 78.577,62 0,0552% 1
3 77.969,87 0,0547% 1
4 69.854,92 0,0490% 1
5 69.056,51 0,0485% 1
6 64.709,49 0,0454% 1
7 58.571,18 0,0411% 2
8 57.185,85 0,0401% 1
9 56.459,70 0,0396% 1
10 55.742,19 0,0391% 1
11 54.912,64 0,0385% 2
12 54.834,33 0,0385% 1
13 54.780,06 0,0384% 1
14 54.674,58 0,0384% 1
15 54.140,81 0,0380% 1
16 54.112,30 0,0380% 1
17 53.725,90 0,0377% 1
18 53.223,54 0,0374% 1
19 50.945,07 0,0358% 2
20 50.703,40 0,0356% 4
21 49.649,71 0,0348% 1
22 49.438,83 0,0347% 1
23 49.366,75 0,0346% 1
24 48.977,28 0,0344% 1
25 48.822,52 0,0343% 1
1.468.733,09 1,0309% 31
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
10. Geographical Distribution Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
State
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Baden-Wuerttemberg 11.355.822,26 7,97% 1.408 7,30%
Bavaria 13.296.211,65 9,33% 1.665 8,63%
Berlin 4.812.479,83 3,38% 708 3,67%
Brandenburg 10.953.937,32 7,69% 1.562 8,10%
Bremen 816.700,15 0,57% 104 0,54%
Hamburg 2.521.600,89 1,77% 313 1,62%
Hesse 9.396.218,92 6,60% 1.184 6,14%
Lower Saxony 13.221.207,27 9,28% 1.793 9,29%
Mecklenburg-Western Pomerania8.864.740,54 6,22% 1.214 6,29%
North Rhine-Westphalia 25.541.087,46 17,93% 3.559 18,45%
Rhineland-Palatinate 5.716.580,79 4,01% 750 3,89%
Saarland 1.695.069,95 1,19% 207 1,07%
Saxonia 10.813.011,40 7,59% 1.559 8,08%
Saxony-Anhalt 8.512.255,59 5,97% 1.239 6,42%
Schleswig-Holstein 6.367.481,88 4,47% 896 4,64%
Thuringia 7.971.602,69 5,60% 1.065 5,52%
n/a 618.712,14 0,43% 68 0,35%
Total 142.474.720,73 100,00% 19.294 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
10.1 Geographical Distribution (Graph) Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
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 Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
11. Object/Vehicle Type Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Vehicle Type
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
New Vehicle 68.871.512,42 48,34% 8.400 43,54%Used Vehicle 73.603.208,31 51,66% 10.894 56,46%
Total 142.474.720,73 100,00% 19.294 100,00%
Object Type
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Car 136.666.197,05 95,92% 18.272 94,70%
Leisure 3.986.400,25 2,80% 424 2,20%Motorbike 1.822.123,43 1,28% 598 3,10%
Total 142.474.720,73 100,00% 19.294 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
12. Insurances Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Payment Protection
Insurance
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 84.555.246,66 59,35% 10.723 55,58%Yes 57.919.474,07 40,65% 8.571 44,42%
Total 142.474.720,73 100,00% 19.294 100,00%
Gap Insurance
(Santander Safe)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 106.038.667,32 74,43% 14.631 75,83%Yes 36.436.053,41 25,57% 4.663 24,17%
Total 142.474.720,73 100,00% 19.294 100,00%
Repair Cost Insurance
(Santander AutoCare)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 130.506.714,57 91,60% 17.635 91,40%Yes 11.968.006,16 8,40% 1.659 8,60%
Total 142.474.720,73 100,00% 19.294 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
13. Type of Contract Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Contracts w/Balloon Payments
Current Principal Balance
in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 87.225.669,11 61,22% 14.886 77,15%
Yes 55.249.051,62 38,78% 4.408 22,85%
- of which balloon rates 42.153.759,92 29,59%
- of which regular installments 13.095.291,70 9,19%
Total 142.474.720,73 100,00% 19.294 100,00%
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
26:38 1.351.803,23 3,21% 136 3,09%
39:51 16.179.422,76 38,38% 1.652 37,48%
52:64 24.360.220,41 57,79% 2.610 59,21%
65:72 132.961,83 0,32% 6 0,14%73: 129.351,69 0,31% 4 0,09%
Total 42.153.759,92 100,00% 4.408 100,00%
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 23.228.529,41 55,10% 2.449 55,56%
13:25 17.500.578,01 41,52% 1.818 41,24%26:38 1.424.652,50 3,38% 141 3,20%
Total 42.153.759,92 100,00% 4.408 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
14. Payment Methods Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Payment Method
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Direct Debit 136.422.500,80 95,75% 18.513 95,95%Other 6.052.219,93 4,25% 781 4,05%
Total 142.474.720,73 100,00% 19.294 100,00%
Cycle of Payment
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
15th of month 76.487.737,95 53,69% 10.303 53,40%1st of month 65.986.982,78 46,31% 8.991 46,60%
Total 142.474.720,73 100,00% 19.294 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
15. Downpayment Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
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 47.313.121,64 33,21% 6.279 32,54% 0,00%
0: 999 1.378.404,69 0,97% 326 1,69% 4,84%
1000: 1999 5.428.170,08 3,81% 1.227 6,36% 10,24%
2000: 2999 9.513.384,19 6,68% 1.843 9,55% 14,34%
3000: 3999 11.262.363,48 7,90% 1.875 9,72% 16,97%
4000: 4999 10.691.599,73 7,50% 1.512 7,84% 18,69%
5000: 5999 13.610.612,61 9,55% 1.751 9,08% 20,47%
6000: 6999 8.017.900,35 5,63% 941 4,88% 23,15%
7000: 7999 6.045.191,88 4,24% 652 3,38% 25,00%
8000: 8999 4.642.975,01 3,26% 525 2,72% 27,57%
9000: 9999 2.861.416,31 2,01% 289 1,50% 28,61%
10000:10999 7.298.089,59 5,12% 774 4,01% 30,30%
11000:11999 1.780.451,69 1,25% 181 0,94% 31,24%
12000:12999 1.714.768,32 1,20% 180 0,93% 34,10%
13000:13999 1.414.190,56 0,99% 127 0,66% 34,14%
14000:14999 1.015.338,84 0,71% 104 0,54% 37,62%
15000:15000 2.014.347,41 1,41% 190 0,98% 37,06%15001: 6.472.394,35 4,54% 518 2,68% 42,01%
Total 142.474.720,73 100,00% 19.294 100,00% 17,19%
Downpayment and
Purchase Price All Contracts
Contracts with
Downpayment
Average Downpayment 3.891,32 € 5.768,66 €
Average Purchase Price 22.640,80 € 24.397,77 €
Minimum Downpayment 100,00 €
Maximum Downpayment 118.000,00 €
Downpayment in % 17,19% 23,64%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
16. Effective Interest Rate Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Yield Range*
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
1: 1 779.340,13 0,55% 82 0,43%
2: 2 2.000.408,52 1,40% 275 1,43%
3: 3 55.908.052,65 39,24% 6.025 31,23%
4: 4 51.506.611,60 36,15% 6.900 35,76%
5: 5 20.370.766,26 14,30% 3.602 18,67%
6: 6 8.508.770,04 5,97% 1.583 8,20%
7: 7 2.238.296,27 1,57% 524 2,72%
8: 8 728.135,42 0,51% 181 0,94%
9: 9 346.487,06 0,24% 105 0,54%
10:10 83.105,81 0,06% 15 0,08%11:11 4.746,97 0,00% 2 0,01%
Total 142.474.720,73 100,00% 19.294 100,00%
Statistics in %
WA Interest 4,75%
*runs from .00 to .99
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
16.1 Effective Interest Rate (Graph) Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
*runs from .00 to .99
0
10.000.000
20.000.000
30.000.000
40.000.000
50.000.000
60.000.000
1: 1 2: 2 3: 3 4: 4 5: 5 6: 6 7: 7 8: 8 9: 9 10:10 11:11
Cu
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Yield Range*
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
17. Seasoning Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Seasoning in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
30:32 1.081.167,31 0,76% 119 0,62%
33:35 14.105.516,18 9,90% 1.423 7,38%
36:38 20.557.808,07 14,43% 2.183 11,31%
39:41 20.302.360,43 14,25% 2.179 11,29%
42:44 18.827.559,06 13,21% 2.274 11,79%
45:47 18.754.423,93 13,16% 2.494 12,93%
48:50 13.028.790,29 9,14% 1.660 8,60%
51:53 4.434.412,82 3,11% 578 3,00%
54:56 4.432.101,04 3,11% 688 3,57%
57:59 5.177.362,65 3,63% 837 4,34%
60:62 3.365.262,31 2,36% 605 3,14%
63:65 2.493.520,02 1,75% 426 2,21%
66:68 2.690.003,79 1,89% 534 2,77%
69:71 3.898.336,85 2,74% 810 4,20%
72:74 2.619.625,23 1,84% 543 2,81%
75:77 1.575.046,18 1,11% 300 1,55%
78:80 1.398.537,69 0,98% 316 1,64%81: 3.732.886,88 2,62% 1.325 6,87%
Total 142.474.720,73 100,00% 19.294 100,00%
Statistics
WA Seasoning 47,25
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
17.1 Seasoning (Graph) Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
0
5.000.000
10.000.000
15.000.000
20.000.000
25.000.000
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 Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
18. Remaining Term Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Remaining Term in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 6 16.868.938,82 11,84% 4.709 24,41%
7:13 26.043.298,40 18,28% 4.205 21,79%
14:20 27.365.826,55 19,21% 3.519 18,24%
21:27 25.514.332,80 17,91% 2.835 14,69%
28:34 10.917.015,64 7,66% 1.261 6,54%
35:41 10.735.212,54 7,53% 988 5,12%
42:48 8.308.142,14 5,83% 677 3,51%
49:55 9.545.525,08 6,70% 669 3,47%
56:62 6.418.552,73 4,51% 388 2,01%63:69 757.876,03 0,53% 43 0,22%
Total 142.474.720,73 100,00% 19.294 100,00%
Statistics
WA Remaining Term 24,11
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
18.1 Remaining Term (Graph) Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
0
5.000.000
10.000.000
15.000.000
20.000.000
25.000.000
30.000.000
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
al
Bala
nce
Remaining Term in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
19. Original Term Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Original Term in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
13:25 213,63 0,00% 1 0,01%
26:38 1.638.803,27 1,15% 531 2,75%
39:51 24.428.084,53 17,15% 3.920 20,32%
52:64 50.302.389,81 35,31% 6.027 31,24%
65:77 15.745.142,73 11,05% 2.706 14,03%
78: 50.360.086,76 35,35% 6.109 31,66%
Total 142.474.720,73 100,00% 19.294 100,00%
Statistics
WA Original Term 71,36
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
19.1 Original Term (Graph) Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
0
10.000.000
20.000.000
30.000.000
40.000.000
50.000.000
60.000.000
13:25 26:38 39:51 52:64 65:77 78:
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 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
20. Manufacturer Brands Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Manufacturer
brands
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
1 14.506.884,95 10,18% 1.914 9,92%
2 12.468.979,81 8,75% 1.364 7,07%
3 11.822.246,89 8,30% 1.855 9,61%
4 10.438.030,81 7,33% 1.131 5,86%
5 7.738.870,71 5,43% 1.263 6,55%
6 7.499.746,97 5,26% 659 3,42%
7 7.218.434,95 5,07% 955 4,95%
8 6.785.885,11 4,76% 1.156 5,99%
9 6.661.424,74 4,68% 1.166 6,04%
10 6.090.004,27 4,27% 595 3,08%
11 6.064.852,18 4,26% 811 4,20%
12 6.030.251,56 4,23% 673 3,49%
13 5.468.293,84 3,84% 738 3,83%
14 4.364.867,47 3,06% 445 2,31%
15 3.673.656,39 2,58% 630 3,27%
116.832.430,65 82,00% 15.355 79,58%
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 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
21. Priority of Payments + Transaction Costs Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Priority of Payments
Available Distribution Amount 17.940.472,50 €
Senior Expenses - 4.192,50 €
Interest Notes Class A - 113.589,00 €
Interest Notes Class B - 168.896,00 €
Replenishment - - €
Payments to Purchase Shortfall Account - 38,27 €
Payments to Reserve Fund - 7.000.000,00 €
Principal Payments Class A - 10.352.286,00 €
Principal Payments Class B - - € Payments to Commingling Reserve Ledger - n/a
Payments to Set-Off Reserve Ledger - n/a
Interest Subordinated Loan - 25.931,50 €
Principal Payments Subordinated Loan - - €
Payments to Seller = 275.539,23 €
Transaction Costs All notes Class A Class B Senior Expenses 4.192,50 €-
Interest accrued for the Period 282.485,00 €- 113.589,00 €- 168.896,00 €-
Cumulative Interest accrued 53.653.019,00 €- 42.772.716,00 €- 10.880.303,00 €-
Interest Payments 282.485,00 €- 113.589,00 €- 168.896,00 €-
Cumulative Interest Payments 53.653.019,00 €- 42.772.716,00 €- 10.880.303,00 €-
Interest accrued on Subordinated Loan for the Period 25.931,50 €-
Cumulative Interest accrued on Subordinated Loan 1.670.490,50 €-
Interest Payments on Subordinated Loan 25.931,50 €-
Cumulative Interest Payments on Subordinated Loan 1.670.490,50 €-
Unpaid Interest for the Period - €
Cumulative Unpaid Interest - €
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
22. Retention Monthly Period 12.04.2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
699.999.999,22 €
152.826.989,38 €
142.474.720,73 €
7.000.000,00 €
7.000.000,00 €
7.000.000,00 €
70.000.000,00 €
70.000.000,00 €
70.000.000,00 €
11,00%
50,38%
54,04%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 2013-1 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 2013-1 09.04.2019
Monthly Investor Report 12.04.2019
66
23. Counterparties Apr 2019
from 12.03.2019 to 12.04.2019 = 31 days
from 01.03.2019 to 31.03.2019
Long
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
Counterpart
y status
Calculation Agent, Cash Administrator: Intertrust (Ireland) Limited - - - - - - performing
1st Floor, 1-2 Victoria Buildings
[email protected] Haddington Road
Phone +353 (0)1 6975 350 Dublin 4 D04 XN32, Ireland
Account Bank and Principal Paying Agent: Bank of New York Mellon AA R-1H POS AA- A-1+ STABLE performing
Friedrich-Ebert-Anlage 49
eMail: [email protected] 60327 Frankfurt am MainPhone: +49 69 12014 1772 Germany
Transaction Security Trustee: Wilmington Trust SP Services (Frankfurt) GmbH - - - - - - performing
Steinweg 3-5
eMail: [email protected] 60313 Frankfurt am Main
Phone: +49 (0)69 9288 49512 Germany
Data Trustee: Circumference FS (Netherlands) B.V. - - - - - - performing
Barbara Strozzilaan 101
eMail: [email protected] 1083 HN Amsterdam
Phone: +31 20 205 0132 The Netherlands
Rating Agencies: DBRS Ratings Ltd. Standard & Poor's Ratings Services
Structured Finance Structured Finance
1 Minister Court, 10th floor, Mincing Lane 20 Canada Square
EC3R 7 AA London E14 5LH London
United Kingom United Kingdom
Ratings as of 31.03.2019, data source: Bloomberg
DBRS S & P
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
Collection Period
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 Reporting Date 09.04.2019
Monthly Investor Report Payment Date 12.04.2019
Period No 66
24. Issuer Information Monthly Period Apr 2019
Interest Period from 12.03.2019 to 12.04.2019 = 31 days
Collection Period from 01.03.2019 to 31.03.2019
Deal Name: SC Germany Vehicles 2013-1
Issuer: SC Germany Vehicles 2013-1 UG (haftungsbeschränkt)
The Managing Directors
Grüneburgweg 58-62
60322 Frankfurt am Main
Germany
eMail [email protected]
fax +49 (0) 69 643 50 8925
LEI: 391200MKWPTO6FNJBG27
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 2013-1 09.04.2019
Monthly Investor Report 12.04.2019
66
25. Santander Consumer Bank Apr 2019
from 12.03.2019 to 12.04.2019 = 31 days
from 01.03.2019 to 31.03.2019
Contact DetailsCapital Markets
Peter René Müller +49-2161-690-7337 [email protected]
Ralf Schüring +49-2161-690-5464 [email protected]
Bastian Menges +49-2161-690-7085 [email protected]
Stefan Zilligen +49-2161-690-6069 [email protected]
Robert Westermann +49-2161-690-7424 [email protected]
Team ABS [email protected]
Ratings Santander
Long
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
AH R-1M STABLE A A-1 STABLE
- - - A- A-2 STABLE
- - - A- A-2 STABLE
Ratings as of 31.03.2019, data source: Bloomberg
Santander Consumer Bank AG
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
S & P
Collection Period
Banco Santander S.A.
Santander Consumer Finance S.A.
DBRS
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Vehicles 2013-1 09.04.2019
Monthly Investor Report 12.04.2019
66
26. Glossary Apr 2019
from 12.03.2019 to 12.04.2019 = 31 days
from 01.03.2019 to 31.03.2019
Aggregate Outstanding Principal Amount: Shall mean in respect of all Purchased Receivables at any time, the aggregate of the Outstanding Principal Amounts of all Purchased Receivables
which, as of such time, are not defaulted receivables.
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