SC Germany Auto 2014-2 Monthly Investor Report€¦ · 7.1 Original PB (Graph) 8 8. Current...

SC Germany Auto 2014-2

Monthly Investor Report

SC Germany Auto 2014-2 Reporting Date 08.12.2017

Monthly Investor Report Payment Date 11.12.2017

Period No 39

Cover Sheet Monthly Investor Report Monthly Period Dez 2017

Interest Period from 13.11.2017 to 11.12.2017 = 28 days

Collection Period from 01.11.2017 to 30.11.2017

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 / Distribution 14

12. Insurances 15

13. Contract Type 16

14. Payment Methods 17

15. Downpayment 18

16. Customer Yield 19

16.1 Customer Yield (Graph) 20

17. Seasoning 21

17.1 Seasoning (Graph) 22

18. Remaining Term 23

18.1 Remaining Term (Graph) 24

19. Original Term 25

19.1 Original Term (Graph) 26

20. Manufacturer Brands 27

21. Priority of Payments + Transaction Costs 28

22. Retention 29

23. Counterparties 30

24. Issuer Information 31

25. Santander Consumer Bank 32

Santander Consumer Bank AG

Santander-Platz 1

41061 Mönchengladbach



Period No 39

1. Portfolio Information Monthly Period Dez 2017



current period previous period

Outstanding ReceivablesNo. of

Contracts

Aggregate Outstanding

Principal Amount

Aggregate Outstanding

Principal Amount

Beginning of Period 363.100 2.999.999.999,49 € 2.999.999.999,87 €

Scheduled Principal Payments 75.307.885,88 €

Prepayment Principal 38.129.539,80 €

Others 3.226.978,12 €

Total Principal Collections 116.664.403,80 € 114.617.802,12 €

Total Interest Collections 13.859.882,19 € 13.797.564,03 €

Defaults 482.849,81 € 592.133,77 €

Replenishment Amount 117.147.253,50 € 115.209.935,51 €

End of Period 363.846 2.999.999.999,38 € 2.999.999.999,49 €

Purchase Shortfall Amount 0,62 € 0,51 €

Total Assets (End of Period) 3.000.000.000,00 € 3.000.000.000,00 €

Current Prepayment Rate (annualised) 14,2%


Santander-Platz 1




Period No 39

2. Reserve Accounts Monthly Period Dez 2017



Note BalanceBeginning of Period 3.000.000.000,00 €

End of Period 3.000.000.000,00 €

Reserve AccountsReserve Account in % Trigger Event y/n

Beginning of Period 1,00% 30.000.000,00 €

Cash Outflow - €

Cash Inflow - €

End of Period 1,00% 30.000.000,00 €

Required Reserve Fund 1,00% 30.000.000,00 €

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-Platz 1




Period No 39

3. Delinquency Data Monthly Period Dez 2017




End of Period 3.000.000.000,00 €

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 5.591.989,26 € 282.231,92 € 610

1- 30 days past due previous period 6.793.381,90 € 376.420,61 € 773

1- 30 days past due current period 0,27% 8.045.134,02 € 530.349,27 € 908

3-MRA* 31- 60 days past due 0,20%




3-MRA* 61-90 days past due 0,07%









121- 150 days past due period before previous period 895.285,18 € 96.927,13 € 86

121- 150 days past due previous period 569.857,70 € 68.161,16 € 67

121- 150 days past due current period 0,02% 585.019,81 € 93.748,46 € 70


151- 180 days past due period before previous period 646.546,00 € 126.941,38 € 72

151- 180 days past due previous period 672.330,72 € 122.046,24 € 70

151- 180 days past due current period 0,02% 615.621,63 € 117.607,66 € 71

* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 39

4. Default Data Monthly Period Dez 2017




End of Period 3.000.000.000,00 €

Default Data and Ratios Amount Number of Loans

Current Default

Current Period Gross Default 482.849,81 €

Current Period Recoveries 124.171,89 €

Current Period Net Default 358.677,92 €

New Number of Defaulted Contracts 71

Cumulative Default

Cumulative Gross Default 16.031.210,18 €

Cumulative Recoveries 2.755.899,50 €

Cumulative Net Default 13.275.310,68 €

Total Number of Defaulted Contracts 2.334

3-MRA* /

current ratio Ratio

3-MRA* Annualised Net Default Ratio (New Default) 0,18%

Annualised Loss Ratio period before previous period 0,19%

Annualised Loss Ratio previous period 0,20%

Annualised Loss Ratio current period 0,14% 0,14%

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-Platz 1




Period No 39

5. Concentration Limits Monthly Period Dez 2017



Portfolio Concentrations Minimum-Trigger Maximum-Trigger Current Value Trigger Breach

New Vehicles (applicable for Replenishment Portfolio) 35,00% - 35,01% no

Average Yield (applicable for Total Portfolio) 4,25% - 4,44% no

Contracts with Balloon Rates (applicable for Total Portfolio) - 30,00% 25,38% no

Remaining Term (applicable for Total Portfolio) - 62,50 45,01 no

Online Business (applicable for Total Portfolio) - 10,00% 0,00% no

Loans with Original Term of more than 90 months (applicable for Total Portfolio) - 37,00% 31,11% no

Early Amortisation Events Maximum-Trigger Current Value Trigger Breach

Cumulative Loss Ratio

- prior to or on 31 August 2015 0,75% - -



- prior to or on 31 August 2018 2,25% 0,19% no

Purchase Shortfall Event no

Period before previous period 0,10 €

Previous period 0,13 €

Current period 0,51 €

Principal Deficiency Event no


Santander-Platz 1




Period No 39

6. Outstanding Notes Monthly Period Dez 2017



1. Note Balance All notes Class A Class BGeneral Note Information

ISIN Code XS1107063676 XS1107063593

Currency EUR EUR

Initial Tranching in % 96,50% 3,50%

Legal Maturity Aug 2030 Aug 2030

Expected Maturity Jul 2022 Jul 2022

Original Rating (DBRS / S&P) A(sf) / A(sf) Not rated

Current Rating (DBRS / S&P)* A (high) (sf) / A(sf) Not rated

Initial Notes Aggregate Principal Outstanding Balance 3.000.000.000,00 € 2.895.000.000,00 € 105.000.000,00 €

Initial Nominal per Note 100.000,00 € 100.000,00 €

Initial Number of Notes per Class 28.950 1.050

Current Note Information

Class Principal Outstanding Balance Beginning of Period 3.000.000.000,00 € 2.895.000.000,00 € 105.000.000,00 €

Available Distribution Amount 160.648.458,39 €

Replenishment 117.147.253,50 €

Amortisation 0,00 €

Redemption per Class 0,00 € 0,00 € 0,00 €

Redemption per Note 0,00 € 0,00 €

Class Principal Outstanding Balance End of Period 3.000.000.000,00 € 2.895.000.000,00 € 105.000.000,00 €

Current Tranching 96,50% 3,50%

Current Pool Factor 1,00 1,00

2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: Fixed 1,209% 2,505%

DayCount Convention act/360 act/360

Interest Days 28

Principal Outstanding per Note Beginning of Period 100.000,00 € 100.000,00 €

> Principal Repayment per Note 0,00 € 0,00 €

Principal Outstanding per Note End of Period 100.000,00 € 100.000,00 €

> Interest accrued for the period 2.722.168,50 € 204.571,50 €

Interest Payment 2.722.168,50 € 204.571,50 €

Interest Payment per Note 94,03 € 194,83 €

3. Credit Enhancements Class A Class B Initial total CE (Subordination, Reserve) 4,50% 1,00%

Current CE (incl. Excess Spread) 7,69% 4,19%

Current CE (excl. Excess Spread) 4,50% 1,00%

* Last rating action as of 06.09.2016


Santander-Platz 1




Period No 39

7. Original Principal Balance Monthly Period Dez 2017



Original Principal Balance

(Ranges in EUR)

Original Principal

Balance in EUR

Percentage of

Total Balance Number of Loans

Percentage of Total

Loans

0: 999 41.461,98 0,00% 51 0,01%

1000: 1999 1.551.933,39 0,03% 951 0,26%

2000: 2999 10.507.763,94 0,21% 4.131 1,14%

3000: 3999 30.157.914,38 0,61% 8.587 2,36%

4000: 4999 59.569.261,50 1,20% 13.207 3,63%

5000: 5999 96.135.568,91 1,94% 17.475 4,80%

6000: 6999 127.246.657,13 2,57% 19.539 5,37%

7000: 7999 158.094.426,93 3,19% 21.045 5,78%

8000: 8999 187.854.265,52 3,79% 22.083 6,07%

9000: 9999 213.749.735,28 4,31% 22.469 6,18%

10000:10999 261.428.067,86 5,28% 24.905 6,84%

11000:11999 256.616.696,85 5,18% 22.309 6,13%

12000:12999 262.014.361,86 5,29% 20.968 5,76%

13000:13999 263.023.012,86 5,31% 19.494 5,36%

14000:14999 260.044.716,40 5,25% 17.937 4,93%

15000:15999 259.210.036,21 5,23% 16.731 4,60%

16000:16999 244.007.717,95 4,93% 14.791 4,07%

17000:17999 223.419.973,24 4,51% 12.770 3,51%

18000:18999 211.481.917,80 4,27% 11.440 3,14%

19000:19999 194.869.282,61 3,93% 9.999 2,75%

20000:20999 191.109.004,90 3,86% 9.337 2,57%

21000:21999 179.566.132,12 3,62% 8.355 2,30%

22000:22999 155.335.510,10 3,14% 6.905 1,90%

23000:23999 137.809.505,08 2,78% 5.866 1,61%

24000:24999 122.763.458,85 2,48% 5.014 1,38%

25000:25999 109.137.477,72 2,20% 4.284 1,18%

26000:26999 100.463.143,54 2,03% 3.792 1,04%

27000:27999 88.358.765,55 1,78% 3.214 0,88%

28000:28999 77.768.901,88 1,57% 2.731 0,75%

29000:29999 67.458.116,86 1,36% 2.287 0,63%

30000:30999 58.543.722,88 1,18% 1.922 0,53%

31000:31999 48.670.125,26 0,98% 1.546 0,42%

32000:32999 43.015.334,85 0,87% 1.324 0,36%

33000:33999 33.593.519,32 0,68% 1.003 0,28%

34000:34999 28.382.516,63 0,57% 823 0,23%

35000:35999 25.361.120,14 0,51% 715 0,20%

36000:36999 21.165.731,97 0,43% 580 0,16%

37000:37999 17.395.163,47 0,35% 464 0,13%

38000:38999 15.660.960,67 0,32% 407 0,11%

39000:39999 13.607.577,85 0,27% 345 0,09%

40000:40999 13.253.346,71 0,27% 328 0,09%

41000:41999 9.045.011,52 0,18% 218 0,06%

42000:42999 9.512.573,90 0,19% 224 0,06%

43000:43999 6.566.062,92 0,13% 151 0,04%

44000:44999 6.496.450,54 0,13% 146 0,04%

45000:45999 5.774.770,53 0,12% 127 0,03%

46000:46999 4.605.512,73 0,09% 99 0,03%

47000:47999 4.318.707,44 0,09% 91 0,03%

48000:48999 4.021.322,81 0,08% 83 0,02%

49000:49999 3.711.635,59 0,07% 75 0,02%

50000:50999 3.173.777,96 0,06% 63 0,02%

51000:51999 2.527.506,84 0,05% 49 0,01%

52000:52999 2.623.564,34 0,05% 50 0,01%

53000:53999 1.762.134,67 0,04% 33 0,01%

54000:54999 1.743.914,61 0,04% 32 0,01%

55000:55999 1.607.404,67 0,03% 29 0,01%

56000:56999 2.029.306,96 0,04% 36 0,01%

57000:57999 1.720.666,35 0,03% 30 0,01%

58000:58999 877.045,96 0,02% 15 0,00%

59000:59999 657.006,72 0,01% 11 0,00%

60000:60000 240.000,00 0,00% 4 0,00%60001: 11.213.765,38 0,23% 156 0,04%

Total 4.953.672.051,39 100,00% 363.846 100,00%

Statistics in EUR

Average Amount 13.614,75


Santander-Platz 1




Period No 39

7.1 Original PB (Graph) Monthly Period Dez 2017



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

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Santander-Platz 1




Period No 39

8. Current Principal Balance Monthly Period Dez 2017



Current Principal Balance

(Ranges in EUR)

Current Principal

Balance in EUR

Percentage of


Percentage of

Total Loans

0: 999 10.645.781,56 0,35% 20.659 5,68%

1000: 1999 38.747.356,69 1,29% 25.746 7,08%

2000: 2999 69.889.829,16 2,33% 27.881 7,66%

3000: 3999 101.194.404,06 3,37% 28.877 7,94%

4000: 4999 128.351.513,09 4,28% 28.520 7,84%

5000: 5999 149.034.413,55 4,97% 27.107 7,45%

6000: 6999 165.819.938,22 5,53% 25.544 7,02%

7000: 7999 178.177.538,84 5,94% 23.784 6,54%

8000: 8999 187.150.108,59 6,24% 22.041 6,06%

9000: 9999 187.134.129,13 6,24% 19.719 5,42%

10000:10999 180.035.143,42 6,00% 17.169 4,72%

11000:11999 173.812.159,15 5,79% 15.125 4,16%

12000:12999 162.970.613,44 5,43% 13.051 3,59%

13000:13999 147.496.031,79 4,92% 10.941 3,01%

14000:14999 137.752.704,99 4,59% 9.508 2,61%

15000:15999 123.865.660,43 4,13% 7.998 2,20%

16000:16999 112.410.735,03 3,75% 6.819 1,87%

17000:17999 100.588.143,35 3,35% 5.754 1,58%

18000:18999 88.124.356,63 2,94% 4.767 1,31%

19000:19999 77.755.309,11 2,59% 3.991 1,10%

20000:20999 66.769.466,20 2,23% 3.261 0,90%

21000:21999 58.079.480,02 1,94% 2.704 0,74%

22000:22999 49.981.160,38 1,67% 2.222 0,61%

23000:23999 43.393.072,43 1,45% 1.847 0,51%

24000:24999 38.227.156,63 1,27% 1.561 0,43%

25000:25999 30.851.495,80 1,03% 1.211 0,33%

26000:26999 27.910.953,60 0,93% 1.054 0,29%

27000:27999 23.338.950,76 0,78% 849 0,23%

28000:28999 19.920.171,18 0,66% 699 0,19%

29000:29999 16.436.925,00 0,55% 557 0,15%

30000:30999 14.201.236,79 0,47% 466 0,13%

31000:31999 11.892.658,54 0,40% 378 0,10%

32000:32999 10.916.366,69 0,36% 336 0,09%

33000:33999 9.512.174,64 0,32% 284 0,08%

34000:34999 7.551.792,50 0,25% 219 0,06%

35000:35999 6.674.661,74 0,22% 188 0,05%

36000:36999 6.240.099,89 0,21% 171 0,05%

37000:37999 3.636.475,11 0,12% 97 0,03%

38000:38999 4.192.747,22 0,14% 109 0,03%

39000:39999 3.748.792,78 0,12% 95 0,03%

40000:40999 2.672.938,54 0,09% 66 0,02%

41000:41999 2.823.484,30 0,09% 68 0,02%

42000:42999 2.505.725,51 0,08% 59 0,02%

43000:43999 2.130.979,81 0,07% 49 0,01%

44000:44999 1.605.106,41 0,05% 36 0,01%

45000:45999 1.684.704,84 0,06% 37 0,01%

46000:46999 1.626.159,10 0,05% 35 0,01%

47000:47999 901.650,79 0,03% 19 0,01%

48000:48999 1.114.508,82 0,04% 23 0,01%

49000:49999 891.737,32 0,03% 18 0,00%

50000:50999 706.089,26 0,02% 14 0,00%

51000:51999 721.948,13 0,02% 14 0,00%

52000:52999 471.476,79 0,02% 9 0,00%

53000:53999 856.987,80 0,03% 16 0,00%

54000:54999 218.774,21 0,01% 4 0,00%

55000:55999 277.157,11 0,01% 5 0,00%

56000:56999 452.485,40 0,02% 8 0,00%

57000:57999 460.351,13 0,02% 8 0,00%

58000:58999 350.734,00 0,01% 6 0,00%

59000:59999 239.109,98 0,01% 4 0,00%60001: 2.856.182,00 0,10% 39 0,01%

Total 2.999.999.999,38 100,00% 363.846 100,00%

Statistics in EUR

Average Amount 8.245,25


Santander-Platz 1




Period No 39

8.1 Current PB (Graph) Monthly Period Dez 2017



0

20.000.000

40.000.000

60.000.000

80.000.000

100.000.000

120.000.000

140.000.000

160.000.000

180.000.000

200.000.000

Cu

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Santander-Platz 1




Period No 39

9. Borrower Concentration Monthly Period Dez 2017



No

Current Principal

Balance in EUR

Percentage of

Balance Number of Loans

1 134.579,29 0,0045% 1

2 107.774,24 0,0036% 1

3 94.560,99 0,0032% 1

4 93.965,82 0,0031% 1

5 90.654,31 0,0030% 1

6 89.853,06 0,0030% 1

7 88.377,84 0,0029% 1

8 85.556,46 0,0029% 1

9 83.823,65 0,0028% 1

10 80.580,53 0,0027% 2

11 78.220,31 0,0026% 1

12 76.596,85 0,0026% 1

13 76.182,18 0,0025% 1

14 75.100,81 0,0025% 2

15 71.695,62 0,0024% 1

16 71.481,42 0,0024% 1

17 70.935,02 0,0024% 1

18 70.713,76 0,0024% 1

19 70.516,49 0,0024% 1

20 70.394,41 0,0023% 1

21 69.834,41 0,0023% 1

22 69.453,36 0,0023% 2

23 68.170,04 0,0023% 1

24 67.759,95 0,0023% 1

25 66.346,69 0,0022% 1

2.023.127,51 0,0674% 28


Santander-Platz 1




Period No 39

10. Geographical Distribution Monthly Period Dez 2017



State

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Baden-Wuerttemberg 289.278.248,76 9,64% 33.306 9,15%

Bavaria 292.322.055,18 9,74% 33.511 9,21%

Berlin 57.888.902,18 1,93% 7.342 2,02%

Brandenburg 181.858.285,75 6,06% 22.993 6,32%

Bremen 17.187.961,33 0,57% 2.126 0,58%

Hamburg 31.346.699,84 1,04% 3.884 1,07%

Hesse 173.276.140,66 5,78% 20.694 5,69%

Lower Saxony 315.482.625,19 10,52% 38.170 10,49%

Mecklenburg-Western Pomerania 159.890.278,97 5,33% 20.136 5,53%

North Rhine-Westphalia 550.081.774,87 18,34% 66.623 18,31%

Rhineland-Palatinate 133.156.409,91 4,44% 15.755 4,33%

Saarland 42.091.061,27 1,40% 4.891 1,34%

Saxonia 204.110.924,35 6,80% 27.001 7,42%

Saxony-Anhalt 246.023.748,16 8,20% 30.316 8,33%

Schleswig-Holstein 116.525.272,69 3,88% 14.529 3,99%

Thuringia 184.135.294,38 6,14% 21.939 6,03%

n/a 5.344.315,89 0,18% 630 0,17%

Total 2.999.999.999,38 100,00% 363.846 100,00%


Santander-Platz 1




Period No 39

10.1 Geographical Distribution (Graph) Monthly Period Dez 2017



0

100.000.000

200.000.000

300.000.000

400.000.000

500.000.000

600.000.000

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Santander-Platz 1




Period No 39

11. Object/Vehicle Type Monthly Period Dez 2017



Vehicle Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

New Vehicle 1.128.039.768,34 37,60% 114.694 31,52%Used Vehicle 1.871.960.231,04 62,40% 249.152 68,48%

Total 2.999.999.999,38 100,00% 363.846 100,00%

Object Type

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Car 2.900.866.273,16 96,70% 348.421 95,76%

Motorbike 50.391.181,50 1,68% 11.355 3,12%Leisure 48.742.544,72 1,62% 4070 1,12%

Total 2.999.999.999,38 100,00% 363.846 100,00%


Santander-Platz 1




Period No 39

12. Insurances Monthly Period Dez 2017



Payment Protection

Insurance

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 920.268.814,92 30,68% 112.247 30,85%Yes 2.079.731.184,46 69,32% 251.599 69,15%

Total 2.999.999.999,38 100,00% 363.846 100,00%

Gap Insurance

(Santander Safe)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 1.986.469.804,10 66,22% 254.645 69,99%Yes 1.013.530.195,28 33,78% 109.201 30,01%

Total 2.999.999.999,38 100,00% 363.846 100,00%

Repair Cost Insurance

(Santander AutoCare)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 2.699.972.820,11 90,00% 328.230 90,21%Yes 300.027.179,27 10,00% 35.616 9,79%

Total 2.999.999.999,38 100,00% 363.846 100,00%


Santander-Platz 1




Period No 39

13. Type of Contract Monthly Period Dez 2017



Contracts w/Balloon Payments

Current Principal Balance

in EUR

Percentage of Total


Percentage of Total

Loans

No 2.238.462.829,84 74,62% 298.548 82,05%

Yes 761.537.169,54 25,38% 65.298 17,95%

- of which balloon rates 483.469.532,90 16,12%

- of which regular installments 278.067.636,64 9,27%

Total 2.999.999.999,38 100,00% 363.846 100,00%

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

0:12 115.106,54 0,02% 18 0,03%

13:25 4.453.624,38 0,92% 567 0,87%

26:38 32.347.019,98 6,69% 4.262 6,53%

39:51 163.577.855,16 33,83% 20.877 31,97%

52:64 282.535.991,35 58,44% 39.529 60,54%

65:72 296.343,10 0,06% 32 0,05%73: 143.592,39 0,03% 13 0,02%

Total 483.469.532,90 100,00% 65.298 100,00%

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

0:12 129.052.255,91 26,69% 17.905 27,42%

13:25 139.063.677,81 28,76% 19.306 29,57%

26:38 118.183.278,42 24,44% 15.665 23,99%

39:51 86.997.273,08 17,99% 11.151 17,08%

52:64 10.108.126,53 2,09% 1.267 1,94%

65:72 42.171,50 0,01% 2 0,00%73: 22.749,65 0,00% 2 0,00%

Total 483.469.532,90 100,00% 65.298 100,00%


Santander-Platz 1




Period No 39

14. Payment Methods Monthly Period Dez 2017



Payment Method

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Direct Debit 2.970.897.350,65 99,03% 359.909 98,92%Other 29.102.648,73 0,97% 3.937 1,08%

Total 2.999.999.999,38 100,00% 363.846 100,00%

Cycle of Payment

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

15th of month 1.391.260.006,61 46,38% 169.284 46,53%1st of month 1.608.739.992,77 53,62% 194.562 53,47%

Total 2.999.999.999,38 100,00% 363.846 100,00%


Santander-Platz 1




Period No 39

15. Downpayment Monthly Period Dez 2017



Downpayment

(Ranges in EUR)

Original Principal

Balance in EUR

Percentage of


Percentage of Total

Loans

Downpayment /

Purchase Price in %

No Downpayment 1.189.723.816,36 39,66% 129.394 35,56% 0,00%

0: 999 113.986.066,57 3,80% 18.151 4,99% 5,24%

1000: 1999 253.106.260,37 8,44% 36.763 10,10% 10,63%

2000: 2999 273.993.892,67 9,13% 36.839 10,12% 16,24%

3000: 3999 229.234.857,66 7,64% 29.537 8,12% 21,08%

4000: 4999 172.650.171,16 5,76% 21.734 5,97% 25,55%

5000: 5999 194.909.251,60 6,50% 23.226 6,38% 28,62%

6000: 6999 113.628.749,91 3,79% 14.083 3,87% 33,17%

7000: 7999 85.692.370,62 2,86% 10.550 2,90% 36,49%

8000: 8999 71.697.858,09 2,39% 8.707 2,39% 39,18%

9000: 9999 41.593.781,67 1,39% 5.012 1,38% 42,12%

10000:10999 88.272.406,53 2,94% 9.981 2,74% 42,81%

11000:11999 26.722.094,59 0,89% 3.328 0,91% 47,21%

12000:12999 30.058.066,91 1,00% 3.609 0,99% 48,86%

13000:13999 18.946.434,76 0,63% 2.313 0,64% 51,20%

14000:14999 14.366.302,98 0,48% 1.777 0,49% 53,35%

15000:15999 24.159.777,84 0,81% 2.711 0,75% 52,54%

16000:16999 9.103.231,76 0,30% 1.092 0,30% 56,35%

17000:17999 6.397.788,73 0,21% 854 0,23% 59,17%

18000:18999 6.542.373,64 0,22% 767 0,21% 58,74%

19000:19999 3.186.828,45 0,11% 417 0,11% 61,62%

20000:20000 9.062.333,92 0,30% 825 0,23% 55,90%20001: 22.965.282,59 0,77% 2.176 0,60% 62,39%

Total 2.999.999.999,38 100,00% 363.846 100,00% 19,86%

Downpayment and

Purchase Price All Contracts

Contracts with

Downpayment

Average downpayment 3.126,00 € 4.851,23 €

Average Purchase Price 15.741,21 € 16.832,37 €

Mimimum Downpayment 100,00 €

Maximum Downpayment 104.000,00 €

Downpayment in % 19,86% 28,82%


Santander-Platz 1




Period No 39

16. Customer Yield Monthly Period Dez 2017



Yield Range*

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 0 604.670,93 0,02% 56 0,02%

1: 1 84.704.062,19 2,82% 7.140 1,96%

2: 2 268.298.272,66 8,94% 24.995 6,87%

3: 3 1.191.770.668,83 39,73% 114.322 31,42%

4: 4 895.417.727,93 29,85% 116.316 31,97%

5: 5 358.036.188,41 11,93% 60.969 16,76%

6: 6 136.343.772,66 4,54% 25.675 7,06%

7: 7 39.042.028,59 1,30% 8.729 2,40%

8: 8 17.061.208,00 0,57% 3.527 0,97%

9: 9 7.191.148,75 0,24% 1.802 0,50%

10:10 1.228.208,75 0,04% 244 0,07%

11:11 292.596,21 0,01% 65 0,02%

12:12 4.635,76 0,00% 2 0,00%

13:13 3.181,63 0,00% 3 0,00%14:14 1.628,08 0,00% 1 0,00%

Total 2.999.999.999,38 100,00% 363.846 100,00%

Statistics in %

WA Interest 4,44%

*runs from .00 to .99


Santander-Platz 1




Period No 39

16.1 Customer Yield (Graph) Monthly Period Dez 2017



*runs from .00 to .99

0

200.000.000

400.000.000

600.000.000

800.000.000

1.000.000.000

1.200.000.000

1.400.000.000

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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Yield Range*


Santander-Platz 1




Period No 39

17. Seasoning Monthly Period Dez 2017



Seasoning in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 2 11.627.253,43 0,39% 885 0,24%

3: 5 125.745.611,81 4,19% 10.987 3,02%

6: 8 197.899.195,71 6,60% 17.362 4,77%

9:11 201.712.176,04 6,72% 17.459 4,80%

12:14 215.923.847,28 7,20% 19.759 5,43%

15:17 289.612.200,61 9,65% 27.789 7,64%

18:20 246.380.095,20 8,21% 24.538 6,74%

21:23 153.964.730,45 5,13% 16.114 4,43%

24:26 138.715.686,11 4,62% 14.861 4,08%

27:29 173.454.490,67 5,78% 19.564 5,38%

30:32 152.451.466,85 5,08% 18.644 5,12%

33:35 139.989.197,36 4,67% 18.328 5,04%

36:38 124.254.456,33 4,14% 16.605 4,56%

39:41 134.654.716,72 4,49% 18.628 5,12%

42:44 162.330.957,94 5,41% 24.278 6,67%

45:47 139.588.476,04 4,65% 22.304 6,13%

48:50 85.487.907,12 2,85% 13.217 3,63%

51:53 82.472.817,96 2,75% 13.914 3,82%

54:56 62.295.386,69 2,08% 11.716 3,22%

57:59 34.283.457,17 1,14% 6.928 1,90%

60:62 23.587.292,86 0,79% 4.496 1,24%

63:65 23.518.542,23 0,78% 4.436 1,22%

66:68 19.953.358,33 0,67% 4.289 1,18%

69:71 16.128.022,72 0,54% 3.824 1,05%

72:74 12.536.414,54 0,42% 3.044 0,84%

75:77 10.927.924,86 0,36% 2.719 0,75%

78:80 8.747.237,52 0,29% 2.439 0,67%81: 11.757.078,83 0,39% 4.719 1,30%

Total 2.999.999.999,38 100,00% 363.846 100,00%

Statistics

WA Seasoning 27,77


Santander-Platz 1




Period No 39

17.1 Seasoning (Graph) Monthly Period Dez 2017



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

350.000.000

0: 2 3: 5 6: 8 9:11 12:14 15:17 18:20 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

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Seasoning in Months


Santander-Platz 1




Period No 39

18. Remaining Term Monthly Period Dez 2017



Remaining Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 6 86.662.620,95 2,89% 32.192 8,85%

7: 13 150.911.935,04 5,03% 37.960 10,43%

14: 20 242.207.958,16 8,07% 46.717 12,84%

21: 27 249.079.855,80 8,30% 39.124 10,75%

28: 34 347.778.218,05 11,59% 45.123 12,40%

35: 41 303.981.924,08 10,13% 33.912 9,32%

42: 48 366.254.736,43 12,21% 36.135 9,93%

49: 55 310.295.035,56 10,34% 27.461 7,55%

56: 62 217.627.060,73 7,25% 18.454 5,07%

63: 69 222.702.762,73 7,42% 16.527 4,54%

70: 76 144.404.664,45 4,81% 9.538 2,62%

77: 83 191.636.966,53 6,39% 11.548 3,17%

84: 90 113.264.125,07 3,78% 6.390 1,76%

91: 97 47.104.590,67 1,57% 2.520 0,69%

98:104 5.190.970,57 0,17% 213 0,06%105:107 896.574,56 0,03% 32 0,01%

Total 2.999.999.999,38 100,00% 363.846 100,00%

Statistics

WA Remaining Term 45,01


Santander-Platz 1




Period No 39

18.1 Remaining Term (Graph) Monthly Period Dez 2017



0

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

300.000.000

350.000.000

400.000.000

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 98:104 105:107

Cu

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Bala

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Remaining Term in Months


Santander-Platz 1




Period No 39

19. Original Term Monthly Period Dez 2017



Original Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 12 1.178.637,18 0,04% 636 0,17%

13: 25 27.591.636,00 0,92% 9.869 2,71%

26: 38 130.221.240,29 4,34% 29.367 8,07%

39: 51 401.563.990,41 13,39% 60.682 16,68%

52: 64 827.060.183,48 27,57% 100.458 27,61%

65: 77 348.661.710,40 11,62% 46.359 12,74%

78: 90 330.340.861,14 11,01% 30.747 8,45%

91:103 904.029.219,60 30,13% 83.879 23,05%

104:116 6.315.663,49 0,21% 492 0,14%

117:119 2.150.998,52 0,07% 119 0,03%

120: 20.885.858,87 0,70% 1.238 0,34%

Total 2.999.999.999,38 100,00% 363.846 100,00%

Statistics

WA Original Term 72,79


Santander-Platz 1




Period No 39

19.1 Original Term (Graph) Monthly Period Dez 2017



0

100.000.000

200.000.000

300.000.000

400.000.000

500.000.000

600.000.000

700.000.000

800.000.000

900.000.000

1.000.000.000

0: 12 13: 25 26: 38 39: 51 52: 64 65: 77 78: 90 91:103 104:116 117:119 120:

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Original Term in Months


Santander-Platz 1




Period No 39

20. Manufacturer Brands Monthly Period Dez 2017



Manufacturer

brands

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

1 304.106.826,07 10,14% 30.467 8,37%

2 302.275.739,15 10,08% 37.604 10,34%

3 278.704.494,69 9,29% 38.455 10,57%

4 269.576.568,12 8,99% 33.751 9,28%

5 234.051.906,12 7,80% 23.292 6,40%

6 223.640.725,47 7,45% 25.782 7,09%

7 124.967.447,72 4,17% 13.110 3,60%

8 119.936.434,50 4,00% 12.031 3,31%

9 116.825.143,18 3,89% 14.861 4,08%

10 111.978.089,21 3,73% 12.461 3,42%

11 92.808.985,80 3,09% 11.415 3,14%

12 81.802.807,88 2,73% 9.534 2,62%

13 73.532.458,74 2,45% 10.483 2,88%

14 73.355.478,41 2,45% 11.327 3,11%

15 65.719.652,43 2,19% 8.059 2,21%

2.473.282.757,49 82,44% 292.632 80,43%

TOP 15 manufacturer brands in alphabetical order:

Audi, BMW, Citroen, Fiat, Ford, Hyundai, Kia, Mazda, Mercedes, Nissan, Opel, Renault, SEAT (E), Skoda, VW


Santander-Platz 1




Period No 39

21. Priority of Payments + Transaction Costs Monthly Period Dez 2017



Priority of Payments

Available Distribution Amount 160.648.458,39 €

Senior Expenses - - €

Interest Notes Class A - 2.722.168,50 €

Interest Notes Class B - 204.571,50 €

Replenishment - 117.147.253,50 €

Payments to Purchase Shortfall Account - 0,62 €

Payments to Reserve Fund - 30.000.000,00 €

Principal Payments Class A - - €

Principal Payments Class B - - €

Payments to Commingling Reserve Ledger - n/a Payments to Set-Off Reserve Ledger - n/a

Interest Subordinated Loan - 66.616,67 €

Principal Payments Subordinated Loan - - €

Payments to Seller = 10.507.847,60 €

Transaction Costs All notes Class A Class B Senior Expenses - €

Interest accrued for the Period 2.926.740,00 €- 2.722.168,50 €- 204.571,50 €-

Cumulative Interest accrued 123.241.620,00 €- 114.627.525,00 €- 8.614.095,00 €-

Interest Payments 2.926.740,00 €- 2.722.168,50 €- 204.571,50 €-

Cumulative Interest Payments 123.241.620,00 €- 114.627.525,00 €- 8.614.095,00 €-

Interest accrued on Subordinated Loan for the Period 66.616,67 €-

Cumulative Interest accrued on Subordinated Loan 2.805.037,52 €-

Interest Payments on Subordinated Loan 66.616,67 €-

Cumulative Interest Payments on Subordinated Loan 2.805.037,52 €-

Unpaid Interest for the Period - €

Cumulative Unpaid Interest - €


Santander-Platz 1




Period No 39

22. Retention Monthly Period 11.12.2017



2.999.999.999,91 €

2.999.999.999,49 €

2.999.999.999,38 €

30.000.000,00 €

30.000.000,00 €

30.000.000,00 €

105.000.000,00 €

105.000.000,00 €

105.000.000,00 €

Outstanding Balance of the Class A Notes as of the Offer Date: 2.895.000.000,00 €

Outstanding Balance of the Class A Notes as of the beginning of the Monthly Period: 2.895.000.000,00 €

Outstanding Balance of the Class A Notes of the end of the Monthly Period: 2.895.000.000,00 €

101,00%

101,00%

101,00%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 2014-2 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 3,5% and the

third loss tranche which is represented by the Class A Notes of at least 0,5%.

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-Platz 1


SC Germany Auto 2014-2 08.12.2017

Monthly Investor Report 11.12.2017

39

23. Counterparties Dez 2017

from 13.11.2017 to 11.12.2017 = 28 days

from 01.11.2017 to 30.11.2017

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

Counterpart

y status

Calculation Agent, Cash Administrator:Wilmington Trust SP Services (Frankfurt) GmbH

- - - - - -performing

Steinweg 3-5

eMail: [email protected] 60313 Frankfurt am Main

Phone: +49 (0)69 9288 49512 Germany

Account Bank and Principal Paying Agent: BNP Paribas Securities Services - - - A A-1 STABLE performing

33, rue de Gasperich

eMail: [email protected] L-5826 Hesperange

Phone: +34 91 7625101 The Grand Duchy of Luxembourg

Transaction Security Trustee: Circumference FS (Netherlands) B.V. - - - - - - performing

Barbara Strozzilaan 101

eMail: [email protected] 1083 HN Amsterdam

Phone: +31 20 205 0132 The Netherlands

Data Trustee: Circumference FS (Luxembourg) S.A. - - - - - - performing

52-54 Avenue Du X Septembre

eMail: [email protected] L-2550 Luxembourg

Phone: + 352 2602 4945 The Grand Duchy of Luxembourg

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 30.11.2017, data source: Bloomberg

DBRS S & P

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period

Collection Period


Santander-Platz 1


mailto:[email protected]






Period No 39

24. Issuer Information Monthly Period Dez 2017



Deal Name: SC Germany Auto 2014-2

Issuer: SC Germany Auto 2014-2 UG (haftungsbeschränkt)

The Managing Directors

Steinweg 3-5

60313 Frankfurt am Main

Germany

eMail [email protected]

fax +49 (0) 69 2992 5387

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


fax +49 (0) 2161 690 7077

SPV-Administrator: Wilmington Trust SP Services (Frankfurt) GmbH

Steinweg 3-5

60313 Frankfurt am Main

Germany


fax +49 (0) 69 2992 5387


Santander-Platz 1


SC Germany Auto 2014-2 08.12.2017

Monthly Investor Report 11.12.2017

39

25. Santander Consumer Bank Dez 2017

from 13.11.2017 to 11.12.2017 = 28 days

from 01.11.2017 to 30.11.2017

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]

Tobias Daners +49-2161-690-7410 [email protected]

Ronja Dahmen +49-2161-690-9453 [email protected]

Team ABS [email protected]

Ratings Santander

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

A R-1L STABLE A- A-2 STABLE

- - - BBB+ A-2 STABLE

- - - BBB+ A-2 STABLE

Ratings as of 30.11.2017, data source: Bloomberg

Collection Period

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period


S & P

Banco Santander S.A.

Santander Consumer Finance S.A.

DBRS


Santander-Platz 1







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