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SC Germany Auto 2016-1
Monthly Investor Report
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
Cover Sheet Monthly Investor Report Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Index Page
1. Portfolio Information 1
2. Reserve Accounts 2
3. Delinquency Data 3
4. Default Data 4
4.1 Default Data per Quarter 5
5. Outstanding Notes 6
6. Original Principal Balance 7
6.1 Original PB (Graph) 8
7. Current Principal Balance 9
7.1 Current PB (Graph) 10
8. Borrower Concentration 11
9. Geographical Distribution 12
9.1 Geographical (Graph) 13
10. Object/Vehicle Type 14
11. Insurances 15
12. Contract Type 16
13. Payment Methods 17
14. Downpayment 18
15. Effective Interest Rate 19
15.1. Effective Interest Rate (Graph) 20
16. Seasoning 21
16.1 Seasoning (Graph) 22
17. Remaining Term 23
17.1 Remaining Term (Graph) 24
18. Original Term 25
18.1 Original Term (Graph) 26
19. Manufacturer Brands 27
20. Priority of Payments + Transaction Costs 28
21.1 Swap Counterparty 1 Data 29
21.2 Swap Counterparty 2 Data 30
22. Retention 31
23. Counterparties 32
24. Issuer Information 33
25. Santander Consumer Bank 34
26. Glossary 35
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
1. Portfolio Information Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
current period previous period
Outstanding ReceivablesNo. of
Contracts
Aggregate Outstanding
Principal Amount
Aggregate Outstanding
Principal Amount
Beginning of Period 30.867 215.999.054,26€ 227.136.685,31€
Scheduled Principal Payments 7.458.022,19€
Prepayment Principal 3.778.871,98€
Others 156.757,39€
Total Principal Collections 11.393.651,56€ 11.103.386,45€
Total Interest Collections 858.894,52€ 885.274,39€
Defaults 63.127,99€ 34.244,60€
End of Period 29.621 204.542.274,71€ 215.999.054,26€
Current Prepayment Rate (annualised) 19,1%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
2. Reserve Accounts Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Note BalanceBeginning of Period 215.999.084,10€
End of Period 204.542.307,30€
Reserve AccountsReserve Account in % Trigger Event y/n
Beginning of Period 2,10% 4.542.734,16€
Cash Outflow 222.752,48€
Cash Inflow -€
End of Period 2,11% 4.319.981,68€
Required Reserve Fund 2,11% 4.319.981,68€
(thereof) Liquidity Reserve Account in %
Beginning of Period 2,10% 4.542.734,16€
Cash Outflow 222.752,48€
Cash Inflow -€
End of Period 2,11% 4.319.981,68€
Required Liquidity Reserve Fund 4.319.981,68€
Commingling Reserve in %
Beginning of Period 9,71% 20.975.877,96€ yes
Cash Outflow 206.037,30€
Cash Inflow -€
End of Period 10,15% 20.769.840,66€
Required Commingling Reserve Fund 20.769.840,66€
Set-Off Reserve (X) in %
Beginning of Period 3,43% 7.411.187,97€
Cash Outflow 445.948,74€
Cash Inflow -€
End of Period 3,41% 6.965.239,23€
Required Set-Off Reserve (X) Fund 6.965.239,23€
Set-Off Reserve (Y) in %
Beginning of Period 0,22% 471.692,94€ yes
Cash Outflow 19.352,18€
Cash Inflow -€
End of Period 0,22% 452.340,76€
Required Set-Off Reserve (Y) Fund 452.340,76€
Current Set-Off (Y) Amount 452.340,76€
Set-Off Amount (per Loan) 15,27€
Set-Off Amount (in % of Outstanding Balance) 0,22%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
3. Delinquency Data Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Note BalanceBeginning of Period 215.999.084,10€
End of Period 204.542.307,30€
Delinquency Data and Ratios3-MRA* /
current ratio Amount at risk Overdue amount
Number of
Loans
3-MRA* 1- 30 days past due 0,21%
1- 30 days past due period before previous period 453.572,77€ 51.607,54€ 47
1- 30 days past due previous period 455.231,06€ 30.991,37€ 59
1- 30 days past due current period 0,21% 454.746,02€ 56.193,42€ 52
3-MRA* 31- 60 days past due 0,20%
31- 60 days past due period before previous period 528.582,18€ 35.689,34€ 64
31- 60 days past due previous period 383.069,85€ 23.365,49€ 47
31- 60 days past due current period 0,18% 395.384,68€ 17.253,52€ 49
3-MRA* 61-90 days past due 0,08%
61- 90 days past due period before previous period 154.031,48€ 11.967,94€ 21
61- 90 days past due previous period 207.105,62€ 28.238,69€ 29
61- 90 days past due current period 0,06% 140.365,26€ 14.565,30€ 17
3-MRA* 91-120 days past due 0,04%
91- 120 days past due period before previous period 56.585,62€ 5.620,50€ 8
91- 120 days past due previous period 71.416,32€ 7.395,17€ 8
91- 120 days past due current period 0,07% 148.762,60€ 29.355,11€ 23
3-MRA* 121-150 days past due 0,02%
121- 150 days past due period before previous period 69.069,99€ 9.633,40€ 10
121- 150 days past due previous period 26.612,30€ 3.446,45€ 4
121- 150 days past due current period 0,01% 30.692,39€ 3.904,60€ 2
3-MRA* 151-180 days past due 0,03%
151- 180 days past due period before previous period 46.686,41€ 9.909,68€ 8
151- 180 days past due previous period 79.971,88€ 13.742,96€ 11
151- 180 days past due current period 0,03% 57.013,66€ 9.803,69€ 9
* 3-MRA stands for three months rolling average
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
4. Default Data Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Note BalanceBeginning of Period 215.999.084,10€
End of Period 204.542.307,30€
Default Data and Ratios Amount Number of Loans
Current Default
Current Period Gross Default 63.127,99€
Current Period Recoveries 9.343,38€
Current Period Net Default 53.784,61€
New Number of Defaulted Contracts 10
Cumulative Default
Cumulative Gross Default 1.136.940,18€
Cumulative Recoveries 159.182,18€
Cumulative Net Default 977.758,00€
Total Number of Defaulted Contracts 182
3-MRA* /
current ratio Ratio
3-MRA* Annualised Net Default Ratio (New Default) 0,15%
Annualised Loss Ratio period before previous period 0,03%
Annualised Loss Ratio previous period 0,12%
Annualised Loss Ratio current period 0,32% 0,32%
Principal Deficiency Trigger Event y/n
Principal Deficiency period before previous period -€ no
Principal Deficiency previous period -€
Principal Deficiency current period -€
PDL Trigger 7.500.000,00€
Repurchased Assets
Current Repurchased Asset Amount through breach of warranty or voluntary buyback -€
Cumulative Repurchased Asset Amount through breach of warranty or voluntary buyback -€
* 3-MRA stands for three months rolling average
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
4.1 Default Data per Quarter Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Quarter of Default Periods New Defaults Recoveries Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018
Q2 2016 1-2 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Q3 2016 3-5 59.238,42 7.459,61 0,00 270,00 739,00 680,00 595,00 1.643,98 420,00 710,00 1.660,00 741,63
Q4 2016 6-8 78.829,99 5.805,41 0,00 0,00 150,00 712,22 936,66 1.848,25 560,00 683,28 615,00 300,00
Q1 2017 9-11 127.211,89 17.287,21 0,00 0,00 0,00 1.002,34 1.400,87 5.104,97 2.969,13 1.820,00 1.825,00 3.164,90
Q2 2017 12-14 134.983,21 66.813,62 0,00 0,00 0,00 0,00 110,00 735,00 2.470,00 12.859,96 48.267,20 2.371,46
Q3 2017 15-17 200.786,64 10.574,67 0,00 0,00 0,00 0,00 0,00 5.080,00 2.066,30 1.729,28 1.064,33 634,76
Q4 2017 18-20 185.416,45 25.932,69 0,00 0,00 0,00 0,00 0,00 0,00 7.175,96 6.256,46 9.938,93 2.561,34
Q1 2018 21-23 170.691,87 20.775,97 0,00 0,00 0,00 0,00 0,00 0,00 0,00 1.923,95 10.522,12 8.329,90
Q2 2018 24-26 82.409,12 4.283,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 300,00 3.983,00Q3 2018 27-28 97.372,59 250,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 250,00
Total 1.136.940,18 159.182,18 0,00 270,00 889,00 2.394,56 3.042,53 14.412,20 15.661,39 25.982,93 74.192,58 22.336,99
Recoveries in Quarter
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
5. Outstanding Notes Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
1. Note Balance All notes Class A Class BGeneral Note Information
ISIN Code XS1405757714 XS1405762045
Currency EUR EUR
Initial Tranching in % 92,75% 7,25%
Legal Maturity Dec 2025 Dec 2025
Expected Maturity Jun 2020 Jun 2020
Original Rating (Fitch / Moody's / S&P) AAAsf/Aaa(sf)/AAA (sf) NR/NR/NR
Current Rating (Fitch / Moody's / S&P)* AAAsf/Aaa(sf)/AAA (sf) NR/NR/NR
Initial Notes Aggregate Principal Outstanding Balance 600.000.000,00 € 556.500.000,00 € 43.500.000,00 €
Initial Nominal per Note 100.000,00 € 100.000,00 €
Initial Number of Notes per Class 5.565 435
Current Note Information
Class Principal Outstanding Balance Beginning of Period 215.999.084,10 € 172.499.084,10 € 43.500.000,00 €
Available Distribution Amount 16.809.657,53 €
Amortisation 11.456.776,80 €
Redemption per Class 11.456.776,80 € 11.456.776,80 € 0,00 €
Redemption per Note 2.058,72 € 0,00 €
Class Principal Outstanding Balance End of Period 204.542.307,30 € 161.042.307,30 € 43.500.000,00 €
Current Tranching 78,7% 21,3%
Current Pool Factor 0,29 1,00
2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: 1-M Euribor / Spread / Fixed Rate -0,369% +32 bps 0,88%
DayCount Convention act/360 act/360
Interest Days 31
Principal Outstanding per Note Beginning of Period 30.997,14 € 100.000,00 €
> Principal Repayment per Note 2.058,72 € 0,00 €
Principal Outstanding per Note End of Period 28.938,42 € 100.000,00 €
> Interest accrued for the period 0,00 € 32.964,30 €
Interest Payment 0,00 € 32.964,30 €
Interest Payment per Note 0,00 € 75,78 €
3. Credit Enhancements Class A Class B Initial total CE (Subordination, Reserve) 8,25% 1,00%
Current CE (incl. Excess Spread) 27,15% 5,88%
Current CE (excl. Excess Spread) 23,38% 2,11%
4. Placement Disclosure Class A Class B Pre-placed privately with investors which are not in the OG - € - € At Closing
Retained by a member of the OG - € 43.500.000 € At Closing
Publicly offered to investors which are not in the OG 556.500.000 € - € At Closing
Privately-placed with investors which are not in the OG - € - € Current Period
Retained by a member of the OG - € 43.500.000 € Current Period
Publicly-placed with investors which are not in the OG 161.042.307 € - € Current Period
Initially retained by a member of the OG, but subsequently placed with investors - € - € Current Period
OG stands for Originator Group
* Last rating action as of 31.05.2016
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
6. Original Principal Balance Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Original Principal Balance
(Ranges in EUR)
Original Principal
Balance in EUR
Percentage of
Total Balance Number of Loans
Percentage of Total
Loans
1000: 1999 26.674,62 0,01% 16 0,05%
2000: 2999 439.468,36 0,11% 169 0,57%
3000: 3999 1.854.439,23 0,46% 519 1,75%
4000: 4999 4.304.132,24 1,06% 952 3,21%
5000: 5999 7.349.692,71 1,81% 1.337 4,51%
6000: 6999 10.780.050,62 2,66% 1.653 5,58%
7000: 7999 13.353.993,55 3,29% 1.780 6,01%
8000: 8999 15.290.324,19 3,77% 1.796 6,06%
9000: 9999 18.160.506,42 4,48% 1.909 6,44%
10000:10999 21.982.754,73 5,42% 2.094 7,07%
11000:11999 21.321.319,96 5,26% 1.853 6,26%
12000:12999 21.661.975,55 5,34% 1.732 5,85%
13000:13999 22.113.146,52 5,46% 1.638 5,53%
14000:14999 22.565.613,49 5,57% 1.555 5,25%
15000:15999 22.937.779,43 5,66% 1.480 5,00%
16000:16999 20.425.173,82 5,04% 1.239 4,18%
17000:17999 19.303.116,92 4,76% 1.104 3,73%
18000:18999 17.954.877,25 4,43% 971 3,28%
19000:19999 15.987.366,25 3,94% 820 2,77%
20000:20999 16.433.470,50 4,05% 803 2,71%
21000:21999 14.996.646,97 3,70% 698 2,36%
22000:22999 12.568.914,09 3,10% 559 1,89%
23000:23999 11.349.747,40 2,80% 483 1,63%
24000:24999 11.370.681,88 2,81% 465 1,57%
25000:25999 9.249.699,50 2,28% 363 1,23%
26000:26999 7.576.145,44 1,87% 286 0,97%
27000:27999 6.511.534,20 1,61% 237 0,80%
28000:28999 5.584.927,42 1,38% 196 0,66%
29000:29999 4.632.821,45 1,14% 157 0,53%
30000:30999 3.686.248,60 0,91% 121 0,41%
31000:31999 3.242.722,42 0,80% 103 0,35%
32000:32999 3.154.275,11 0,78% 97 0,33%
33000:33999 2.643.165,59 0,65% 79 0,27%
34000:34999 1.381.705,13 0,34% 40 0,14%
35000:35000 210.000,00 0,05% 6 0,02%35001: 12.913.827,66 3,19% 311 1,05%
Total 405.318.939,22 100,00% 29.621 100,00%
Statistics in EUR
Average Amount 13.683,50
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
6.1 Original PB (Graph) Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
0
5.000.000
10.000.000
15.000.000
20.000.000
25.000.000
Ori
gin
al
Pri
ncip
al
Bala
nce
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
7. Current Principal Balance Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Current Principal Balance
(Ranges in EUR)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 999 1.209.856,61 0,59% 2.508 8,47%
1000: 1999 3.877.428,47 1,90% 2.572 8,68%
2000: 2999 6.585.233,53 3,22% 2.633 8,89%
3000: 3999 8.932.221,13 4,37% 2.558 8,64%
4000: 4999 11.021.879,76 5,39% 2.448 8,26%
5000: 5999 12.673.058,78 6,20% 2.304 7,78%
6000: 6999 13.995.063,74 6,84% 2.157 7,28%
7000: 7999 15.050.351,73 7,36% 2.008 6,78%
8000: 8999 15.529.396,77 7,59% 1.829 6,17%
9000: 9999 14.613.940,90 7,14% 1.539 5,20%
10000:10999 13.682.246,75 6,69% 1.304 4,40%
11000:11999 13.583.752,57 6,64% 1.182 3,99%
12000:12999 11.663.728,55 5,70% 934 3,15%
13000:13999 9.868.566,87 4,82% 732 2,47%
14000:14999 9.341.774,94 4,57% 645 2,18%
15000:15999 7.942.330,68 3,88% 513 1,73%
16000:16999 6.887.699,25 3,37% 418 1,41%
17000:17999 5.288.043,70 2,59% 303 1,02%
18000:18999 4.594.312,48 2,25% 249 0,84%
19000:19999 3.600.548,47 1,76% 185 0,62%
20000:20999 2.659.767,28 1,30% 130 0,44%
21000:21999 1.992.772,20 0,97% 93 0,31%
22000:22999 1.867.571,02 0,91% 83 0,28%
23000:23999 1.499.603,56 0,73% 64 0,22%
24000:24999 1.494.672,28 0,73% 61 0,21%
25000:25999 788.615,45 0,39% 31 0,10%
26000:26999 716.929,31 0,35% 27 0,09%
27000:27999 414.269,58 0,20% 15 0,05%
28000:28999 799.068,05 0,39% 28 0,09%
29000:29999 234.986,68 0,11% 8 0,03%
30000:30999 459.501,87 0,22% 15 0,05%
31000:31999 220.771,78 0,11% 7 0,02%
32000:32999 226.417,64 0,11% 7 0,02%
33000:33999 267.993,40 0,13% 8 0,03%
34000:34999 173.136,42 0,08% 5 0,02%35001: 784.762,51 0,38% 18 0,06%
Total 204.542.274,71 100,00% 29.621 100,00%
Statistics in EUR
Average Amount 6.905,31
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
7.1 Current PB (Graph) Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
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
rren
t P
rin
cip
al
Bala
nce
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
8. Borrower Concentration Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
No
Current Principal
Balance in EUR
Percentage of
Balance Number of Loans
1 79.520,33 0,0389% 1
2 68.431,66 0,0335% 1
3 54.475,81 0,0266% 1
4 47.050,35 0,0230% 1
5 43.859,48 0,0214% 1
6 42.605,39 0,0208% 1
7 41.104,96 0,0201% 1
8 40.970,03 0,0200% 1
9 40.308,48 0,0197% 1
10 37.614,53 0,0184% 1
11 37.299,66 0,0182% 1
12 36.682,08 0,0179% 1
13 36.439,80 0,0178% 1
14 35.837,63 0,0175% 1
15 35.831,29 0,0175% 1
16 35.815,62 0,0175% 1
17 35.803,54 0,0175% 1
18 35.111,87 0,0172% 1
19 34.885,72 0,0171% 1
20 34.739,89 0,0170% 1
21 34.719,09 0,0170% 1
22 34.531,69 0,0169% 1
23 34.260,03 0,0167% 1
24 33.992,46 0,0166% 1
25 33.761,01 0,0165% 1
1.025.652,40 0,5014% 25
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
9. Geographical Distribution Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
State
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Baden-Wuerttemberg 20.403.064,44 9,97% 2.740 9,25%
Bavaria 22.165.915,40 10,84% 2.948 9,95%
Berlin 3.630.206,39 1,77% 549 1,85%
Brandenburg 10.913.028,10 5,34% 1.722 5,81%
Bremen 1.173.077,22 0,57% 174 0,59%
Hamburg 2.115.340,14 1,03% 304 1,03%
Hesse 13.882.211,51 6,79% 1.900 6,41%
Lower Saxony 20.363.343,23 9,96% 3.030 10,23%
Mecklenburg-Western Pomerania8.951.075,61 4,38% 1.460 4,93%
North Rhine-Westphalia 38.117.162,45 18,64% 5.540 18,70%
Rhineland-Palatinate 9.745.324,88 4,76% 1.328 4,48%
Saarland 2.972.315,83 1,45% 393 1,33%
Saxonia 15.648.221,90 7,65% 2.348 7,93%
Saxony-Anhalt 14.302.618,31 6,99% 2.242 7,57%
Schleswig-Holstein 7.113.132,56 3,48% 1.131 3,82%
Thuringia 13.046.236,74 6,38% 1.812 6,12%
Total 204.542.274,71 100,00% 29.621 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
9.1 Geographical Distribution (Graph) Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
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
Cu
rren
t P
rin
cip
al
Bala
nce
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
10. Object/Vehicle Type Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Vehicle Type
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
New Vehicle 92.236.810,06 45,09% 10.720 36,19%Used Vehicle 112.305.464,65 54,91% 18.901 63,81%
Total 204.542.274,71 100,00% 29.621 100,00%
Object Type
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Car 201.621.677,77 98,57% 28.798 97,22%
Motorbike 1.853.473,59 0,91% 655 2,21%Leisure 1.067.123,35 0,52% 168 0,57%
Total 204.542.274,71 100,00% 29.621 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
11. Insurances Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Payment Protection
Insurance
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 65.340.258,72 31,94% 9.214 31,11%Yes 139.202.015,99 68,06% 20.407 68,89%
Total 204.542.274,71 100,00% 29.621 100,00%
Gap Insurance
(Santander Safe)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 143.635.749,33 70,22% 21.263 71,78%Yes 60.906.525,38 29,78% 8.358 28,22%
Total 204.542.274,71 100,00% 29.621 100,00%
Repair Cost Insurance
(Santander AutoCare)
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 186.951.347,66 91,40% 26.895 90,80%Yes 17.590.927,05 8,60% 2.726 9,20%
Total 204.542.274,71 100,00% 29.621 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
12. Type of Contract Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Contracts w/Balloon Payments
Current Principal Balance
in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
No 93.731.513,32 45,83% 19.225 64,90%
Yes 110.810.761,39 54,17% 10.396 35,10%
- of which balloon rates 78.163.528,74 38,21%
- of which regular installments 32.647.232,65 15,96%
Total 204.542.274,71 100,00% 29.621 100,00%
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 3.782.320,74 4,84% 499 4,80%
39:51 26.486.368,65 33,89% 3.363 32,35%
52:64 47.893.839,35 61,27% 6.532 62,83%65:72 1.000,00 0,00% 2 0,02%
Total 78.163.528,74 100,00% 10.396 100,00%
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 23.890.987,26 30,57% 3.146 30,26%
13:25 39.433.198,64 50,45% 5.282 50,81%26:38 14.839.342,84 18,98% 1.968 18,93%
Total 78.163.528,74 100,00% 10.396 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
13. Payment Methods Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Payment Method
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
Direct Debit 202.032.067,96 98,77% 29.259 98,78%Other 2.510.206,75 1,23% 362 1,22%
Total 204.542.274,71 100,00% 29.621 100,00%
Cycle of Payment
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
15th of month 95.065.699,15 46,48% 13.712 46,29%1st of month 109.476.575,56 53,52% 15.909 53,71%
Total 204.542.274,71 100,00% 29.621 100,00%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
14. Downpayment Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
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 63.996.168,22 31,29% 8.659 29,23% 0,00%
0: 999 7.529.867,48 3,68% 1.407 4,75% 5,06%
1000: 1999 16.988.856,01 8,31% 2.913 9,83% 10,63%
2000: 2999 20.474.064,51 10,01% 3.127 10,56% 15,77%
3000: 3999 17.660.104,57 8,63% 2.614 8,82% 20,60%
4000: 4999 13.750.169,54 6,72% 1.990 6,72% 24,90%
5000: 5999 16.097.740,64 7,87% 2.234 7,54% 27,89%
6000: 6999 9.974.484,06 4,88% 1.366 4,61% 31,31%
7000: 7999 7.643.307,37 3,74% 1.054 3,56% 34,73%
8000: 8999 6.387.114,67 3,12% 905 3,06% 37,76%
9000: 9999 3.524.042,77 1,72% 495 1,67% 41,27%
10000:10999 7.444.061,12 3,64% 990 3,34% 41,20%
11000:11999 2.247.023,96 1,10% 318 1,07% 44,62%
12000:12999 2.828.237,45 1,38% 394 1,33% 46,11%
13000:13999 1.492.768,21 0,73% 214 0,72% 49,09%
14000:14999 1.126.780,62 0,55% 174 0,59% 51,73%
15000:15000 1.221.690,46 0,60% 181 0,61% 51,62%15001: 4.155.793,05 2,03% 586 1,98% 57,79%
Total 204.542.274,71 100,00% 29.621 100,00% 21,89%
Downpayment and
Purchase Price All Contracts
Contracts with
Downpayment
Average downpayment 3.587,34€ 5.069,20€
Average Purchase Price 16.391,03€ 17.641,73€
Mimimum Downpayment 100,00€
Maximum Downpayment 50.000,00€
Downpayment in % 21,89% 28,73%
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
15. Effective Interest Rate Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Yield Range*
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 0 151.295,66 0,07% 14 0,05%
1: 1 21.888.533,35 10,70% 2.333 7,88%
2: 2 39.967.875,45 19,54% 4.831 16,31%
3: 3 84.062.974,39 41,10% 11.007 37,16%
4: 4 39.562.463,51 19,34% 6.803 22,97%
5: 5 12.016.263,39 5,87% 2.749 9,28%
6: 6 4.654.106,21 2,28% 1.192 4,02%
7: 7 1.294.622,78 0,63% 411 1,39%
8: 8 624.933,24 0,31% 178 0,60%
9: 9 284.859,12 0,14% 93 0,31%10:10 34.347,61 0,02% 10 0,03%
Total 204.542.274,71 100,00% 29.621 100,00%
Statistics in %
WA Interest 3,81%
*runs from .00 to .99
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
15.1 Effective Interest Rate (Graph) Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
*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
90.000.000
0: 0 1: 1 2: 2 3: 3 4: 4 5: 5 6: 6 7: 7 8: 8 9: 9 10:10
Cu
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Bala
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Yield Range*
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
16. Seasoning Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Seasoning in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
30:32 32.679.140,62 15,98% 3.948 13,33%
33:35 51.436.311,50 25,15% 6.773 22,87%
36:38 47.639.009,02 23,29% 6.549 22,11%
39:41 29.347.856,84 14,35% 4.406 14,87%
42:44 19.545.209,83 9,56% 3.223 10,88%
45:47 11.616.737,83 5,68% 2.121 7,16%
48:50 7.969.041,12 3,90% 1.521 5,13%
51:53 2.031.970,24 0,99% 408 1,38%
54:56 943.896,51 0,46% 198 0,67%
57:59 564.730,41 0,28% 144 0,49%
60:62 307.698,45 0,15% 101 0,34%
63:65 211.575,95 0,10% 88 0,30%
66:68 91.132,41 0,04% 44 0,15%
69:71 57.463,39 0,03% 29 0,10%
72:74 63.276,68 0,03% 41 0,14%
75:77 21.548,28 0,01% 12 0,04%
78:80 11.729,71 0,01% 8 0,03%81: 3.945,92 0,00% 7 0,02%
Total 204.542.274,71 100,00% 29.621 100,00%
Statistics
WA Seasoning 37,70
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
16.1 Seasoning (Graph) Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
0
10.000.000
20.000.000
30.000.000
40.000.000
50.000.000
60.000.000
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
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cip
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Bala
nce
Seasoning in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
17. Remaining Term Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Remaining Term in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
0: 6 13.862.095,25 6,78% 4.375 14,77%
7:13 26.902.750,03 13,15% 5.116 17,27%
14:20 35.691.838,43 17,45% 5.267 17,78%
21:27 57.032.081,58 27,88% 6.801 22,96%
28:34 28.040.143,48 13,71% 3.351 11,31%
35:41 18.782.702,11 9,18% 2.391 8,07%
42:48 10.463.974,44 5,12% 1.091 3,68%
49:55 13.528.644,26 6,61% 1.216 4,11%
56:62 217.314,77 0,11% 12 0,04%63:69 20.730,36 0,01% 1 0,00%
Total 204.542.274,71 100,00% 29.621 100,00%
Statistics
WA Remaining Term 24,72
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
17.1 Remaining Term (Graph) Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
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
Cu
rren
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Bala
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Remaining Term in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
18. Original Term Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Original Term in
Months
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
13:25 435,05 0,00% 1 0,00%
26:38 4.974.241,69 2,43% 2.072 7,00%
39:51 41.354.558,52 20,22% 7.553 25,50%
52:64 99.660.529,11 48,72% 12.514 42,25%
65:77 29.914.455,35 14,63% 4.468 15,08%
78: 28.638.054,99 14,00% 3.013 10,17%
Total 204.542.274,71 100,00% 29.621 100,00%
Statistics
WA Original Term 62,42
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
18.1 Original Term (Graph) Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
0
20.000.000
40.000.000
60.000.000
80.000.000
100.000.000
120.000.000
13:25 26:38 39:51 52:64 65:77 78:
Cu
rren
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cip
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Bala
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Original Term in Months
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
19. Manufacturer Brands Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Manufacturer
brands
Current Principal
Balance in EUR
Percentage of Total
Balance Number of Loans
Percentage of Total
Loans
1 25.154.697,56 12,30% 2.781 9,39%
2 24.731.371,28 12,09% 2.863 9,67%
3 18.958.287,04 9,27% 2.860 9,66%
4 17.335.026,48 8,48% 2.689 9,08%
5 17.146.194,02 8,38% 2.956 9,98%
6 16.900.525,49 8,26% 2.292 7,74%
7 8.930.115,49 4,37% 1.055 3,56%
8 8.090.324,41 3,96% 1.285 4,34%
9 7.624.055,60 3,73% 948 3,20%
10 7.196.408,87 3,52% 1.062 3,59%
11 6.416.235,75 3,14% 963 3,25%
12 5.635.039,63 2,75% 804 2,71%
13 5.447.582,76 2,66% 940 3,17%
14 4.656.041,52 2,28% 792 2,67%
15 4.554.354,63 2,23% 472 1,59%
178.776.260,53 87,40% 24.762 83,60%
TOP 15 manufacturer brands in alphabetical order:
Audi, BMW, Citroen, Ford, Hyundai, Kia, Mazda, Mercedes, Nissan, Opel, SEAT (E), Skoda, Suzuki, Volvo, VW
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
20. Priority of Payments + Transaction Costs Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Priority of Payments
Available Distribution Amount 16.809.657,53 €
Senior Expenses - 297,50 €
Net Swap Payments - - €
Interest Notes Class A - - €
Interest Notes Class B - 32.964,30 €
Payments to Liquidity Reserve Fund - 4.319.981,68 €
Principal Payments Class A - 11.456.776,80 €
Principal Payments Class B - - €
Payment due to rounding differences - 32,59 €
Payments to Reserve Fund - - € Payments to Commingling Reserve Ledger - adjustments necessary
Payments to Set-Off Reserve Ledger - adjustments necessary
Swap Termination Payments - n/a
Interest Subordinated Loan - 6.415,35 €
Principal Payments Subordinated Loan - 222.752,48 €
Payments to Seller = 770.436,83 €
Transaction Costs All notes Class A Class B Senior Expenses 297,50 €-
Interest accrued for the Period 32.964,30 €- - € 32.964,30 €-
Cumulative Interest accrued 900.632,70 €- - € 900.632,70 €-
Interest Payments 32.964,30 €- - € 32.964,30 €-
Cumulative Interest Payments 900.632,70 €- - € 900.632,70 €-
Interest accrued on Subordinated Loan for the Period 6.415,35 €-
Cumulative Interest accrued on Subordinated Loan 224.008,65 €-
Interest Payments on Subordinated Loan 6.415,35 €-
Cumulative Interest Payments on Subordinated Loan 224.008,65 €-
Unpaid Interest for the Period - €
Cumulative Unpaid Interest - €
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
21.1 Swap Counterparty 1 Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Swap Counterparty Swap Counterparty Banco Santander S.A., London Branch
Swap Rating Trigger Breach yes
Rating Trigger & Current RatingsConsequenses Long Term (CRA)
Short Term
(CRA)Outlook
Long
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
Trigger
breach
1st Rating Trigger
Collateral, Guarantee
or Replacement A3(cr) - A F1 A A-1 no
2nd Rating Trigger Guarantee or Replacement Baa1(cr) - BBB- F3 BBB+ A-1 no
Current Counterparty Ratings A3(cr) P-2(cr) STABLE A F1 STABLE A A-1 STABLE
Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap Banco Santander S.A., London Branch Old Counterparty Abbey National Treasury Services plc
Notional Amount 86.249.542,05 FI Structuring Current Counterparty Banco Santander S.A., London Branch
Fixed Rate -0,4000% 2 Triton Square
Floating Rate (Euribor) -0,3690% Regent's Place
Net Swap Payments 2.302,39 London, NW1 3AN
Notional Amount next period 80.521.153,65 United Kingdom
Phone +44 20 7756 6960
Swap Collateral Email: [email protected]
Begining of Period -€
Cash Outflow -€
Cash Inflow -€
End of Period -€
Ratings as of 31.08.2018, data source: Bloomberg
Moody's Fitch S & P
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
21.2 Swap Counterparty 2 Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Swap Counterparty Swap Counterparty DZ Bank AG
Swap Rating Trigger Breach no
Rating Trigger & Current RatingsConsequenses Long Term (CRA)
Short Term
(CRA)Outlook
Long
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
Trigger
breach
1st Rating Trigger
Collateral, Guarantee
or Replacement A3(cr) - A F1 A A-1 no
2nd Rating Trigger Guarantee or Replacement Baa1(cr) - BBB- F3 BBB+ A-1 no
Current Counterparty Ratings Aa1(cr) P-1(cr) STABLE AA- F1+ STABLE AA- A-1+ STABLE
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 86.249.542,05 Kapitalmärkte Handel / ABS-Emissionen Current Counterparty DZ Bank AG
Fixed Rate -0,4000% Platz der Republik
Floating Rate (Euribor) -0,3690% 60265 Frankfurt am Main
Net Swap Payments 2.302,39 Germany
Notional Amount next period 80.521.153,65 Phone +49 69 7447 4341
Email: [email protected]
Swap CollateralBegining of Period -€
Cash Outflow -€
Cash Inflow -€
End of Period -€
Ratings as of 31.08.2018, data source: Bloomberg
Moody's Fitch S & P
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
22. Retention Monthly Period 13.09.2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
599.999.999,80 €
215.999.054,26 €
204.542.274,71 €
6.000.000,00 €
4.542.734,16 €
4.319.981,68 €
43.500.000,00 €
43.500.000,00 €
43.500.000,00 €
8,25%
22,24%
23,38%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 2016-1 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 Auto 2016-1 11.09.2018
Monthly Investor Report 13.09.2018
28
23. Counterparties Sep 2018
from 13.08.2018 to 13.09.2018 = 31 days
from 01.08.2018 to 31.08.2018
Long Term
(CRA)
Short Term
(CRA)Outlook
Long
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
Counterparty
status
Join Lead Managers: Banco Santander S.A. A3(cr) P-2(cr) STABLE A F1 STABLE A A-1 STABLE performing
Santander Global Banking and Markets
2 Triton Square
Regent's Place
eMail: [email protected] London NW1 3AN
Phone: +44 20 7756 4309 United Kingdom
HSBC Aa2(cr) P-1(cr) STABLE AA- F1+ STABLE AA- A-1+ STABLE performing
8 Canada Square
eMail: [email protected] London E14 5HQ
Phone: +44 20 7991 5727 United Kingdom
LBBW Aa3(cr) P-1(cr) STABLE A- F1 STABLE - - - performing
Am Hauptbahnhof 2
eMail: [email protected] 70173 Stuttgart
Phone: +49 711 12749651 Germany
Paying Agent: Elavon Financial Services Limited - P-1 STABLE AA- F1+ STABLE AA- A-1+ STABLE performing
5th Floor, 125 Old Broad Street
eMail: [email protected] London EC2N 1Ar
Phone: +44(20)733-02000 United Kingdom
Transaction Account: Elavon Financial Services Limited - P-1 STABLE AA- F1+ STABLE AA- A-1+ STABLE performing
5th Floor, 125 Old Broad Street
eMail: [email protected] London EC2N 1Ar
Phone: +44(20)733-02000 United Kingdom
Transaction Security Trustee: Intertrust Trustees Limited - - - - - - - - - performing
35 Great St. Helen's
[email protected] London EC3A 6AP
Phone: +44 207 398 6300 United Kingdom
Data Trustee: Intertrust (Deutschland) GmbH - - - - - - - - - performing
Grüneburgweg 58-62
eMail: [email protected] 60322 Frankfurt am Main
Phone: +49 69 643 50 8900 Germany
Rating Agencies: Moody's Deutschland GmbH Fitch Ratings Limited Standard & Poor's Ratings Services
Strutured Finance Monitoring Strutured Finance Monitoring Structured Finance
An der Welle 5 30 North Colonnade, Canary Wharf 20 Canada Square
60322 Frankfurt am Main London E14 5GN E14 5LH London
Germany United Kingdom United Kingdom
Ratings as of 31.08.2018, data source: Bloomberg
Moody's Fitch S & P
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
Collection Period
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 Reporting Date 11.09.2018
Monthly Investor Report Payment Date 13.09.2018
Period No 28
24. Issuer Information Monthly Period Sep 2018
Interest Period from 13.08.2018 to 13.09.2018 = 31 days
Collection Period from 01.08.2018 to 31.08.2018
Deal Name: SC Germany Auto 2016-1
Issuer: SC Germany Auto 2016-1 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
eMail [email protected]
fax +49 (0) 2161 690 7077
SPV-Administrator: Wilmington Trust SP Services (Frankfurt) GmbH
Steinweg 3-5
60313 Frankfurt am Main
Germany
eMail [email protected]
fax +49 (0) 69 2992 5387
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 11.09.2018
Monthly Investor Report 13.09.2018
28
25. Santander Consumer Bank Sep 2018
from 13.08.2018 to 13.09.2018 = 31 days
from 01.08.2018 to 31.08.2018
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
(CRA)
Short Term
(CRA)Outlook
Long
Term
Short
TermOutlook
Long
Term
Short
TermOutlook
A3(cr) P-2(cr) STABLE A F1 STABLE A A-1 STABLE
A3(cr) P-2(cr) STABLE A- F2 STABLE A- A-2 STABLE
- - - A- F2 STABLE A- A-2 STABLE
Ratings as of 31.08.2018, data source: Bloomberg
Santander Consumer Bank AG
Fitch S & P
Banco Santander S.A.
Santander Consumer Finance S.A.
Moody's
Collection Period
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach
SC Germany Auto 2016-1 11.09.2018
Monthly Investor Report 13.09.2018
28
26. Glossary Sep 2018
from 13.08.2018 to 13.09.2018 = 31 days
from 01.08.2018 to 31.08.2018
Aggregate Outstanding Principal Amount: Shall mean in respect of all Purchased Receivables at any time, the aggregate of the Outstanding Principal Amounts of all Purchased Receivables
which, as of such time, are not defaulted receivables.
Balloon Loan: A loan where the final payment due is higher than any of the previous loan instalments payable by the relevant debtor.
Balloon Payment: The final payment of a balloon loan.
Defaulted Contracts/Defaults: Shall mean as of any date, any purchased receivable which has been declared due and payable in full in accordance to the Credit and Collection Policy
which in principal is between 120 and 180 calendar days after the due date.
Delinquent Receivable: Shall mean as of any date, any purchased receivable which is more than 30 days overdue and not a defaulted contract.
Downpayment: The initial upfront portion of the total net amount due at the time of finalizing the contract.
Excess Spread: Excess Spread equals WA Portfolio Yield minus Fixed Swap Rate minus WA Notes Margin
Gap Insurance: Insurance which covers the risk that loss is incurred if the relevant Financed Vehicle has to be completely written off (total damage) due to fire, accident (irrespective
of whether such accident was caused by the Debtor or a third party), flooding or theft
Legal Maturity: Final Payment date on which each Class A Note will be redeemed in full.
Expected Maturity: Maturity date of the notes under the assumption of (a) a 14% constant prepayment rate, (b) an exercised Clean-Up Call at 10% and (c) a 2,7% Gross Loss Assumption.
Leisure: Is composed of motorised and not motorised caravans and campers.
Payment Protection Insurance: Insurance, composed of life insurance and/or accident insurance and/or temporary disability insurance and/or unemployment insurance, which covers
the risk that a Debtor in its capacity as insured person is unable to pay the Loan Instalments owed by such Debtor life insurance
Recoveries: Any amount received on defaulted contracts
Repair Cost Insurance: Insurance which covers repair costs for the repair of certain important components of the Financed Vehicle
Set-Off Reserves (X/Y): Protection against set-off risks due to (X) capitalized service fees (e.g. Payment Protection Insurance, Gap Insurance, Repair Cost Insurance) and (Y) deposits
Used Vehicle Shall mean any Financed Vehicle the date of purchase of which by the relevant debtor was later than 12 months after the date of first registration
of such Financed Vehicle
Collection Period
Reporting Date
Payment Date
Period No
Monthly Period
Interest Period
Santander Consumer Bank AG
Santander-Platz 1
41061 Mönchengladbach