SC Germany Auto 2018-1 Monthly Investor Report · Interest Period from 15.06.2020 to 13.07.2020 = 28 days Collection Period from 01.06.2020 to 30.06.2020 Note Balance Beginning of

SC Germany Auto 2018-1

Monthly Investor Report

SC Germany Auto 2018-1 Reporting Date 10.07.2020

Monthly Investor Report Payment Date 13.07.2020

Period No 25

Cover Sheet Monthly Investor Report Monthly Period Jul 2020

Interest Period from 15.06.2020 to 13.07.2020 = 28 days

Collection Period from 01.06.2020 to 30.06.2020

Index Page

1. Portfolio Information 1

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



Period No 25

1. Portfolio Information Monthly Period Jul 2020



current period previous period

Outstanding ReceivablesNo. of

Contracts

Aggregate Outstanding

Principal Amount

Aggregate Outstanding

Principal Amount

Beginning of Period 29.203 287.410.348,10 € 298.834.791,08 €

Scheduled Principal Payments 7.130.160,99 €

Prepayment Principal 4.288.158,24 €

Others 135.797,60 €

Total Principal Collections 11.554.116,83 € 11.412.867,50 €

Total Interest Collections 951.794,70 € 1.001.846,44 €

Defaults 8.943,29 € 11.575,48 €

End of Period 28.428 275.847.287,98 € 287.410.348,10 €

Current Prepayment Rate (annualised) 16,5%

Loans under German COVID-19 Mitigation Act 346 4.328.414,41 € 4.215.902,12 €


Santander-Platz 1




Period No 25

2. Reserve Accounts Monthly Period Jul 2020



Note BalanceBeginning of Period 287.410.351,20 €

End of Period 275.847.299,70 €

Reserve AccountsReserve Account in % Trigger Event y/n

Beginning of Period 0,90% 2.598.348,36 €

Cash Outflow 114.244,85 €-

Cash Inflow - €

End of Period 0,90% 2.484.103,51 €

Required Reserve Fund 0,90% 2.484.103,51 €

(thereof) Liquidity Reserve Account in %

Beginning of Period 0,90% 2.598.348,36 €

Cash Outflow 114.244,85 €-

Cash Inflow - €

End of Period 0,90% 2.484.103,51 €

Required Liquidity Reserve Fund 2.484.103,51 €

Commingling Reserve in %

Beginning of Period n/a no

Cash Outflow n/a

Cash Inflow n/a

End of Period n/a

Required Commingling Reserve Fund n/a

Set-Off Reserve (X) in %


Cash Outflow n/a

Cash Inflow n/a

End of Period n/a

Required Set-Off Reserve (X) Fund n/a

Set-Off Reserve (Y) in %


Cash Outflow n/a

Cash Inflow n/a

End of Period n/a

Required Set-Off Reserve (Y) Fund n/a

Current Set-Off (Y) Amount n/a

Set-Off Amount (per Loan) n/a

Set-Off Amount (in % of Outstanding Balance) n/a


Santander-Platz 1




Period No 25

3. Delinquency Data Monthly Period Jul 2020




End of Period 275.847.299,70 €

Delinquency Data and Ratios3-MRA* /

current ratioAmount 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 598.317,99 € 61.474,99 € 57

1- 30 days past due previous period 647.519,53 € 93.234,54 € 63

1- 30 days past due current period 0,18% 531.402,02 € 68.519,76 € 54

3-MRA* 31- 60 days past due 0,19%




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
















* 3-MRA stands for three months rolling average


Santander-Platz 1




Period No 25

4. Default Data Monthly Period Jul 2020




End of Period 275.847.299,70 €

Default Data and Ratios Amount Number of Loans

Current Default

Current Period Gross Default 8.943,29 €

Current Period Recoveries 10.185,69 €

Current Period Net Default 1.242,40 €-

New Number of Defaulted Contracts 1

Cumulative Default

Cumulative Gross Default 1.444.500,78 €

Cumulative Recoveries 187.236,31 €

Cumulative Net Default 1.257.264,47 €

Total Number of Defaulted Contracts 140

3-MRA* /

current ratioRatio

3-MRA* Annualised Net Default Ratio (New Default) 0,02%

Annualised Loss Ratio period before previous period 0,06%

Annualised Loss Ratio previous period -0,01%

Annualised Loss Ratio current period -0,01% -0,01%

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 25

4.1 Default Data per Quarter Monthly Period Jul 2020



Quarter of Default Periods New Defaults Recoveries Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020

Q2 2018 1-1 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00

Q3 2018 2-4 16.098,83 10.873,30 0,00 8.662,15 811,15 400,00 400,00 400,00 200,00 0,00 0,00

Q4 2018 5-7 149.584,50 30.437,18 0,00 0,00 0,00 28.250,00 200,00 50,00 255,00 475,00 1.207,18

Q1 2019 8-10 219.055,48 91.140,90 0,00 0,00 0,00 5.600,00 21.897,02 50.759,85 1.006,65 10.416,97 1.460,41

Q2 2019 11-13 215.061,20 5.146,78 0,00 0,00 0,00 0,00 640,20 1.114,95 580,00 2.361,63 450,00

Q3 2019 14-16 349.722,45 19.846,26 0,00 0,00 0,00 0,00 0,00 5.208,52 2.759,23 10.037,93 1.840,58

Q4 2019 17-19 186.608,35 3.970,96 0,00 0,00 0,00 0,00 0,00 0,00 500,00 2.170,96 1.300,00

Q1 2020 20-22 264.386,49 25.820,93 0,00 0,00 0,00 0,00 0,00 0,00 0,00 100,00 25.720,93Q2 2020 23-25 43.983,48 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00

Total 1.444.500,78 187.236,31 0,00 8.662,15 811,15 34.250,00 23.137,22 57.533,32 5.300,88 25.562,49 31.979,10

Recoveries in Quarter


Santander-Platz 1




Period No 25

5. Outstanding Notes Monthly Period Jul 2020



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

ISIN Code XS1831869653 XS1831869810

Currency EUR EUR

Initial Tranching in % 93,50% 6,50%

Legal Maturity Dec 2027 Dec 2027

Expected Maturity Aug 2022 Aug 2022

Original Rating (DBRS / Moody's) AAA (sf)/Aaa(sf) NR/NR

Current Rating (DBRS / Moody's)* D & M AAA (sf) / Aaa (sf) n.r. / n.r.

Initial Notes Aggregate Principal Outstanding Balance 600.000.000,00 € 561.000.000,00 € 39.000.000,00 €

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

Initial Number of Notes per Class 5.610 390

Current Note Information

Class Principal Outstanding Balance Beginning of Period 287.410.351,20 € 248.410.351,20 € 39.000.000,00 €

Available Distribution Amount 15.114.448,68 €

Amortisation 11.563.051,50 €

Redemption per Class 11.563.051,50 € 11.563.051,50 € - €

Redemption per Note 2.061,15 € - €

Class Principal Outstanding Balance End of Period 275.847.299,70 € 236.847.299,70 € 39.000.000,00 €

Current Tranching 85,9% 14,1%

Current Pool Factor 0,42 1,00

2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: 1-M Euribor / Spread / Fixed Rate -0,478% +40 bps 0,633%

DayCount Convention act/360 act/360

Interest Days 28

Principal Outstanding per Note Beginning of Period 44.279,92 € 100.000,00 €

> Principal Repayment per Note 2.061,15 € - €

Principal Outstanding per Note End of Period 42.218,77 € 100.000,00 €

> Interest accrued for the period - € 19.199,70 €

Interest Payment - € 19.199,70 €

Interest Payment per Note - € 49,23 €

3. Credit Enhancements Class A Class B Initial total CE (Subordination, Reserve) 7,44% 0,94%

Current CE (incl. Excess Spread) 18,12% 3,98%

Current CE (excl. Excess Spread) 15,04% 0,90%

4. Placement Disclosure Class A Class B Pre-placed privately with investors which are not in the OG - € - € At Closing

Retained by a member of the OG - € 39.000.000 € At Closing

Publicly offered to investors which are not in the OG 561.000.000 € - € At Closing

Privately-placed with investors which are not in the OG - € - € Current Period

Retained by a member of the OG - € 39.000.000 € Current Period

Publicly-placed with investors which are not in the OG 236.847.300 € - € Current Period

Initially retained by a member of the OG, but subsequently placed with investors - € - € Current Period

OG stands for Originator Group

* Last rating action as of 21.06.2018


Santander-Platz 1




Period No 25

6. Original Principal Balance Monthly Period Jul 2020



Original Principal Balance

(Ranges in EUR)

Original Principal

Balance in EUR

Percentage of

Total BalanceNumber of Loans

Percentage of Total

Loans

0: 999 906,00 0,00% 1 0,00%

1000: 1999 30.744,57 0,01% 18 0,06%

2000: 2999 277.850,70 0,06% 107 0,38%

3000: 3999 1.178.128,28 0,26% 333 1,17%

4000: 4999 2.567.951,81 0,56% 570 2,01%

5000: 5999 4.559.654,85 1,00% 827 2,91%

6000: 6999 6.364.650,32 1,39% 976 3,43%

7000: 7999 8.699.461,32 1,91% 1.157 4,07%

8000: 8999 11.210.215,38 2,46% 1.315 4,63%

9000: 9999 13.201.509,30 2,89% 1.386 4,88%

10000:10999 18.953.098,25 4,15% 1.804 6,35%

11000:11999 19.227.398,32 4,21% 1.672 5,88%

12000:12999 20.164.138,52 4,42% 1.614 5,68%

13000:13999 21.021.858,06 4,61% 1.555 5,47%

14000:14999 22.257.481,28 4,88% 1.536 5,40%

15000:15999 23.058.880,24 5,05% 1.488 5,23%

16000:16999 21.425.578,39 4,69% 1.300 4,57%

17000:17999 20.747.437,74 4,55% 1.186 4,17%

18000:18999 19.149.293,33 4,20% 1.035 3,64%

19000:19999 19.446.350,05 4,26% 997 3,51%

20000:20999 17.953.737,17 3,93% 878 3,09%

21000:21999 18.411.291,41 4,03% 857 3,01%

22000:22999 16.898.157,67 3,70% 752 2,65%

23000:23999 16.391.491,43 3,59% 698 2,46%

24000:24999 14.149.701,09 3,10% 578 2,03%

25000:25999 13.083.379,48 2,87% 513 1,80%

26000:26999 12.771.906,60 2,80% 482 1,70%

27000:27999 11.221.755,25 2,46% 408 1,44%

28000:28999 9.690.704,17 2,12% 340 1,20%

29000:29999 8.496.063,24 1,86% 288 1,01%

30000:30999 7.980.707,09 1,75% 262 0,92%

31000:31999 7.245.601,43 1,59% 230 0,81%

32000:32999 6.823.814,32 1,49% 210 0,74%

33000:33999 5.323.517,30 1,17% 159 0,56%

34000:34999 4.102.153,80 0,90% 119 0,42%

35000:35000 105.000,00 0,02% 3 0,01%

35001: 32.285.209,88 7,07% 774 2,72%

Total 456.476.778,04 100,00% 28.428 100,00%

Statistics in EUR

Average Amount 16.057,29


Santander-Platz 1




Period No 25

6.1 Original PB (Graph) Monthly Period Jul 2020



0

5.000.000

10.000.000

15.000.000

20.000.000

25.000.000

30.000.000

35.000.000

Ori

gin

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Santander-Platz 1




Period No 25

7. Current Principal Balance Monthly Period Jul 2020



Current Principal Balance

(Ranges in EUR)

Current Principal

Balance in EUR

Percentage of Total

BalanceNumber of Loans

Percentage of Total

Loans

0: 999 549.014,00 0,20% 1.198 4,21%

1000: 1999 1.894.986,35 0,69% 1.263 4,44%

2000: 2999 3.419.771,29 1,24% 1.369 4,82%

3000: 3999 5.013.863,56 1,82% 1.430 5,03%

4000: 4999 7.502.942,68 2,72% 1.663 5,85%

5000: 5999 10.487.249,17 3,80% 1.908 6,71%

6000: 6999 12.835.244,93 4,65% 1.973 6,94%

7000: 7999 15.523.095,36 5,63% 2.071 7,29%

8000: 8999 16.360.811,98 5,93% 1.925 6,77%

9000: 9999 17.879.902,47 6,48% 1.884 6,63%

10000:10999 17.287.754,05 6,27% 1.649 5,80%

11000:11999 17.774.291,09 6,44% 1.547 5,44%

12000:12999 15.607.703,92 5,66% 1.249 4,39%

13000:13999 14.935.890,10 5,41% 1.107 3,89%

14000:14999 13.729.671,14 4,98% 947 3,33%

15000:15999 12.910.817,90 4,68% 833 2,93%

16000:16999 12.777.414,11 4,63% 775 2,73%

17000:17999 11.724.654,74 4,25% 671 2,36%

18000:18999 9.794.615,95 3,55% 530 1,86%

19000:19999 8.805.680,10 3,19% 452 1,59%

20000:20999 7.983.977,66 2,89% 390 1,37%

21000:21999 6.319.085,68 2,29% 294 1,03%

22000:22999 5.955.868,70 2,16% 265 0,93%

23000:23999 4.581.766,29 1,66% 195 0,69%

24000:24999 4.088.259,06 1,48% 167 0,59%

25000:25999 3.925.781,26 1,42% 154 0,54%

26000:26999 2.727.273,63 0,99% 103 0,36%

27000:27999 2.306.914,65 0,84% 84 0,30%

28000:28999 1.709.870,93 0,62% 60 0,21%

29000:29999 1.561.140,03 0,57% 53 0,19%

30000:30999 1.129.159,29 0,41% 37 0,13%

31000:31999 880.556,35 0,32% 28 0,10%

32000:32999 942.769,44 0,34% 29 0,10%

33000:33999 470.032,13 0,17% 14 0,05%

34000:34999 724.824,34 0,26% 21 0,07%

35001: 3.724.633,65 1,35% 90 0,32%

Total 275.847.287,98 100,00% 28.428 100,00%

Statistics in EUR

Average Amount 9.703,37


Santander-Platz 1




Period No 25

7.1 Current PB (Graph) Monthly Period Jul 2020



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

20.000.000

Cu

rre

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Pri

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Santander-Platz 1




Period No 25

8. Borrower Concentration Monthly Period Jul 2020



NoCurrent Principal

Balance in EUR

Percentage of


1 80.131,09 0,0290% 1

2 77.117,21 0,0280% 1

3 74.069,79 0,0269% 1

4 59.975,44 0,0217% 1

5 57.950,39 0,0210% 1

6 53.046,86 0,0192% 1

7 52.301,37 0,0190% 1

8 52.089,81 0,0189% 1

9 49.586,55 0,0180% 1

10 49.363,61 0,0179% 1

11 48.398,57 0,0175% 1

12 46.993,69 0,0170% 1

13 46.964,99 0,0170% 1

14 46.127,50 0,0167% 1

15 45.981,14 0,0167% 1

16 45.463,86 0,0165% 1

17 45.408,22 0,0165% 1

18 44.515,74 0,0161% 1

19 44.232,90 0,0160% 1

20 43.337,87 0,0157% 1

21 43.231,76 0,0157% 1

22 42.890,43 0,0155% 1

23 42.700,78 0,0155% 1

24 42.134,87 0,0153% 1

25 42.027,74 0,0152% 2

1.276.042,18 0,4626% 26


Santander-Platz 1




Period No 25

9. Geographical Distribution Monthly Period Jul 2020



StateCurrent Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Baden-Wuerttemberg 30.074.002,98 10,90% 2.948 10,37%

Bavaria 33.760.165,31 12,24% 3.362 11,83%

Berlin 4.486.857,06 1,63% 473 1,66%

Brandenburg 13.007.674,33 4,72% 1.385 4,87%

Bremen 1.669.498,67 0,61% 178 0,63%

Hamburg 2.622.108,22 0,95% 273 0,96%

Hesse 18.756.450,53 6,80% 1.896 6,67%

Lower Saxony 28.375.288,50 10,29% 2.970 10,45%

Mecklenburg-Western Pomerania 11.380.282,49 4,13% 1.198 4,21%

North Rhine-Westphalia 54.748.129,20 19,85% 5.895 20,74%

Rhineland-Palatinate 13.837.278,08 5,02% 1.385 4,87%

Saarland 3.382.733,43 1,23% 347 1,22%

Saxonia 18.904.406,71 6,85% 1.985 6,98%

Saxony-Anhalt 14.384.949,13 5,21% 1.510 5,31%

Schleswig-Holstein 9.161.238,23 3,32% 968 3,41%

Thuringia 17.296.225,11 6,27% 1.655 5,82%

Total 275.847.287,98 100,00% 28.428 100,00%


Santander-Platz 1




Period No 25

9.1 Geographical Distribution (Graph) Monthly Period Jul 2020



0

10.000.000

20.000.000

30.000.000

40.000.000

50.000.000

60.000.000

Cu

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Santander-Platz 1




Period No 25

10. Object/Vehicle Type Monthly Period Jul 2020



Vehicle TypeCurrent Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

New Vehicle 126.340.978,57 45,80% 10.047 35,34%

Used Vehicle 149.506.309,41 54,20% 18.381 64,66%

Total 275.847.287,98 100,00% 28.428 100,00%

Object TypeCurrent Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Car 272.220.677,48 98,69% 27.858 97,99%

Leisure 1.913.572,08 0,69% 154 0,54%

Motorbike 1.676.605,56 0,61% 398 1,40%

Trailer 36.432,86 0,01% 18 0,06%

Total 275.847.287,98 100,00% 28.428 100,00%


Santander-Platz 1




Period No 25

11. Insurances Monthly Period Jul 2020



Payment Protection

Insurance

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 69.466.979,76 25,18% 7.004 24,64%

Yes 206.380.308,22 74,82% 21.424 75,36%

Total 275.847.287,98 100,00% 28.428 100,00%

Gap Insurance

(Santander Safe)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 187.266.421,67 67,89% 19.666 69,18%

Yes 88.580.866,31 32,11% 8.762 30,82%

Total 275.847.287,98 100,00% 28.428 100,00%

Repair Cost Insurance

(Santander AutoCare)

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

No 257.303.860,92 93,28% 26.368 92,75%

Yes 18.543.427,06 6,72% 2.060 7,25%

Total 275.847.287,98 100,00% 28.428 100,00%


Santander-Platz 1




Period No 25

12. Type of Contract Monthly Period Jul 2020



Contracts w/Balloon PaymentsCurrent Principal Balance

in EUR

Percentage of Total


Percentage of Total

Loans

No 62.111.067,30 22,52% 10.976 38,61%

Yes 213.736.220,68 77,48% 17.452 61,39%

- of which balloon rates 146.875.972,80 53,25%

- of which regular installments 66.860.247,88 24,24%

Total 275.847.287,98 100,00% 28.428 100,00%

Balloon Loans - Original Term

in months

Balloon Rates

in EUR

Balloon Rates in % of

Total Balloon Rates

Number of Balloon

Loans

Percentage of Total

Balloon Loans

13:25 5.070,00 0,00% 1 0,01%

26:38 13.497.508,78 9,19% 1.398 8,01%

39:51 38.161.286,10 25,98% 4.576 26,22%

52:64 94.888.606,43 64,60% 11.454 65,63%

65:72 78.104,50 0,05% 5 0,03%

73: 245.396,99 0,17% 18 0,10%

Total 146.875.972,80 100,00% 17.452 100,00%

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 34.891.033,58 23,76% 3.973 22,77%

13:25 59.777.972,66 40,70% 7.331 42,01%

26:38 51.961.569,57 35,38% 6.130 35,12%

39:51 151.011,44 0,10% 11 0,06%

52:64 94.385,55 0,06% 7 0,04%

Total 146.875.972,80 100,00% 17.452 100,00%


Santander-Platz 1




Period No 25

13. Payment Methods Monthly Period Jul 2020



Payment MethodCurrent Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

Direct Debit 272.995.845,17 98,97% 28.099 98,84%

Other 2.851.442,81 1,03% 329 1,16%

Total 275.847.287,98 100,00% 28.428 100,00%

Cycle of PaymentCurrent Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

15th of month 122.262.752,12 44,32% 12.567 44,21%

1st of month 153.584.535,86 55,68% 15.861 55,79%

Total 275.847.287,98 100,00% 28.428 100,00%


Santander-Platz 1




Period No 25

14. Downpayment Monthly Period Jul 2020



Downpayment

(Ranges in EUR)

Current Principal

Balance in EUR

Percentage of

Total BalanceNumber of Loans

Percentage of Total

Loans

Downpayment /

Purchase Price in %

No Downpayment 81.031.556,71 29,38% 8.336 29,32% 0,00%

0: 999 8.015.545,06 2,91% 1.070 3,76% 4,36%

1000: 1999 20.043.763,85 7,27% 2.550 8,97% 9,38%

2000: 2999 26.447.998,81 9,59% 3.042 10,70% 14,28%

3000: 3999 23.510.970,00 8,52% 2.545 8,95% 18,49%

4000: 4999 19.137.787,73 6,94% 1.954 6,87% 22,31%

5000: 5999 23.590.740,85 8,55% 2.257 7,94% 24,48%

6000: 6999 13.815.457,92 5,01% 1.348 4,74% 28,56%

7000: 7999 10.008.849,79 3,63% 958 3,37% 31,41%

8000: 8999 9.637.580,78 3,49% 896 3,15% 33,77%

9000: 9999 5.708.189,13 2,07% 512 1,80% 35,82%

10000:10999 11.536.608,71 4,18% 1.005 3,54% 36,50%

11000:11999 3.651.341,37 1,32% 317 1,12% 40,25%

12000:12999 3.412.452,99 1,24% 317 1,12% 42,16%

13000:13999 2.784.627,73 1,01% 251 0,88% 43,71%

14000:14999 2.294.749,90 0,83% 193 0,68% 44,44%

15000:15000 2.683.599,82 0,97% 227 0,80% 45,12%

15001: 8.535.466,83 3,09% 650 2,29% 50,16%

Total 275.847.287,98 100,00% 28.428 100,00% 20,01%

Downpayment and

Purchase PriceAll Contracts

Contracts with

Downpayment

Average downpayment 3.747,56€ 5.302,38€

Average Purchase Price 18.730,24€ 20.149,47€

Mimimum Downpayment 94,00€

Maximum Downpayment 64.000,00€

Downpayment in % 20,01% 26,32%


Santander-Platz 1




Period No 25

15. Effective Interest Rate Monthly Period Jul 2020



Yield Range* Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 0 361.402,73 0,13% 33 0,12%

1: 1 45.244.093,44 16,40% 3.735 13,14%

2: 2 94.359.695,23 34,21% 8.585 30,20%

3: 3 103.769.218,56 37,62% 10.943 38,49%

4: 4 23.084.185,17 8,37% 3.341 11,75%

5: 5 6.525.639,21 2,37% 1.224 4,31%

6: 6 1.644.556,96 0,60% 373 1,31%

7: 7 470.554,80 0,17% 104 0,37%

8: 8 316.633,04 0,11% 65 0,23%

9: 9 56.614,70 0,02% 20 0,07%

10:10 14.694,14 0,01% 5 0,02%

Total 275.847.287,98 100,00% 28.428 100,00%

Statistics in %

WA Interest 3,31%

*runs from .00 to .99


Santander-Platz 1




Period No 25

15.1 Effective Interest Rate (Graph) Monthly Period Jul 2020



*runs from .00 to .99

0

20.000.000

40.000.000

60.000.000

80.000.000

100.000.000

120.000.000

0: 0 1: 1 2: 2 3: 3 4: 4 5: 5 6: 6 7: 7 8: 8 9: 9 10:10

Cu

rren

t P

rin

cip

al

Bala

nce

Yield Range*


Santander-Platz 1




Period No 25

16. Seasoning Monthly Period Jul 2020



Seasoning in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

27:29 46.724.492,81 16,94% 4.450 15,65%

30:32 70.302.676,16 25,49% 6.886 24,22%

33:35 63.148.743,41 22,89% 6.480 22,79%

36:38 45.735.373,90 16,58% 4.743 16,68%

39:41 23.445.917,51 8,50% 2.531 8,90%

42:44 10.080.363,83 3,65% 1.174 4,13%

45:47 8.041.615,63 2,92% 982 3,45%

48:50 4.299.915,26 1,56% 528 1,86%

51:53 1.999.909,75 0,73% 262 0,92%

54:56 991.841,31 0,36% 147 0,52%

57:59 705.609,50 0,26% 126 0,44%

60:62 261.355,84 0,09% 70 0,25%

63:65 49.095,20 0,02% 16 0,06%

66:68 19.225,11 0,01% 8 0,03%

69:71 27.458,41 0,01% 15 0,05%

72:74 10.847,03 0,00% 9 0,03%

75:77 2.847,32 0,00% 1 0,00%

Total 275.847.287,98 100,00% 28.428 100,00%

Statistics

WA Seasoning 34,48


Santander-Platz 1




Period No 25

16.1 Seasoning (Graph) Monthly Period Jul 2020



0

10.000.000

20.000.000

30.000.000

40.000.000

50.000.000

60.000.000

70.000.000

80.000.000

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

Cu

rren

t P

rin

cip

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Bala

nce

Seasoning in Months


Santander-Platz 1




Period No 25

17. Remaining Term Monthly Period Jul 2020



Remaining Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

0: 6 18.159.025,89 6,58% 3.132 11,02%

7:13 30.101.158,74 10,91% 3.988 14,03%

14:20 46.882.652,10 17,00% 5.272 18,55%

21:27 71.508.536,06 25,92% 6.339 22,30%

28:34 74.887.852,05 27,15% 6.123 21,54%

35:41 8.180.876,19 2,97% 1.042 3,67%

42:48 10.331.072,82 3,75% 1.120 3,94%

49:55 12.101.486,66 4,39% 1.098 3,86%

56:62 3.680.937,86 1,33% 313 1,10%

63:69 13.689,61 0,00% 1 0,00%

Total 275.847.287,98 100,00% 28.428 100,00%

Statistics

WA Remaining Term 24,68


Santander-Platz 1




Period No 25

17.1 Remaining Term (Graph) Monthly Period Jul 2020



0

10.000.000

20.000.000

30.000.000

40.000.000

50.000.000

60.000.000

70.000.000

80.000.000

0: 6 7:13 14:20 21:27 28:34 35:41 42:48 49:55 56:62 63:69

Cu

rren

t P

rin

cip

al

Bala

nce

Remaining Term in Months


Santander-Platz 1




Period No 25

18. Original Term Monthly Period Jul 2020



Original Term in

Months

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

13:25 3.323,56 0,00% 2 0,01%

26:38 15.952.972,72 5,78% 2.855 10,04%

39:51 55.456.850,30 20,10% 6.834 24,04%

52:64 166.142.344,78 60,23% 14.490 50,97%

65:77 16.301.977,52 5,91% 2.140 7,53%

78: 21.989.819,10 7,97% 2.107 7,41%

Total 275.847.287,98 100,00% 28.428 100,00%

Statistics

WA Original Term 59,17


Santander-Platz 1




Period No 25

18.1 Original Term (Graph) Monthly Period Jul 2020



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

13:25 26:38 39:51 52:64 65:77 78:

Cu

rren

t P

rin

cip

al

Bala

nce

Original Term in Months


Santander-Platz 1




Period No 25

19. Manufacturer Brands Monthly Period Jul 2020



Manufacturer

brands

Current Principal

Balance in EUR

Percentage of Total


Percentage of Total

Loans

1 36.848.686,84 13,36% 3.027 10,65%

2 33.945.763,97 12,31% 3.013 10,60%

3 26.220.638,53 9,51% 2.863 10,07%

4 22.285.166,84 8,08% 2.581 9,08%

5 21.985.010,17 7,97% 1.823 6,41%

6 20.778.713,07 7,53% 2.778 9,77%

7 13.269.224,32 4,81% 1.187 4,18%

8 12.247.144,10 4,44% 1.366 4,81%

9 11.434.593,40 4,15% 1.077 3,79%

10 10.491.404,38 3,80% 823 2,90%

11 9.817.524,03 3,56% 1.054 3,71%

12 9.149.156,66 3,32% 999 3,51%

13 5.217.062,17 1,89% 645 2,27%

14 4.761.531,21 1,73% 543 1,91%

15 3.567.186,19 1,29% 461 1,62%

242.018.805,88 87,74% 24.240 85,27%

TOP 15 manufacturer brands in alphabetical order:

Audi, BMW, Fiat, Ford, Hyundai, Kia, Mazda, Mercedes, Nissan, Opel, Seat, Skoda, Suzuki, Volvo, VW


Santander-Platz 1




Period No 25

20. Priority of Payments + Transaction Costs Monthly Period Jul 2020



Priority of Payments

Available Distribution Amount 15.114.448,68 €

Senior Expenses - 13.375,60 €

Net Swap Payments - 53.711,82 €

Interest Notes Class A - - €

Interest Notes Class B - 19.199,70 €

Payments to Liquidity Reserve Fund - 2.484.103,51 €

Principal Payments Class A - 11.563.051,50 €

Principal Payments Class B - - €

Payment due to rounding differences - 11,72 €

Payments to Reserve Fund - - €

Payments to Commingling Reserve Ledger - n/a

Payments to Set-Off Reserve Ledger - n/a

Swap Termination Payments - n/a

Interest Commingling/Set-Off Reserve - - €

Interest Subordinated Loan - 1.750,13 €

Principal Payments Subordinated Loan - 114.244,85 €

Payments to Seller = 864.999,85 €

Transaction Costs All notes Class A Class B Senior Expenses 13.375,60 €-

Interest accrued for the Period 19.199,70 €- - € 19.199,70 €-

Cumulative Interest accrued 682.656,00 €- 166.280,40 €- 516.375,60 €-

Interest Payments 19.199,70 €- - € 19.199,70 €-

Cumulative Interest Payments 682.656,00 €- 166.280,40 €- 516.375,60 €-

Interest accrued on Subordinated Loan for the Period 1.750,13 €-

Cumulative Interest accrued on Subordinated Loan 74.280,36 €-

Interest Payments on Subordinated Loan 1.750,13 €-

Cumulative Interest Payments on Subordinated Loan 74.280,36 €-

Unpaid Interest for the Period - €

Cumulative Unpaid Interest - €


Santander-Platz 1




Period No 25

21.1 Swap Counterparty 1 Monthly Period Jul 2020



Swap Counterparty Swap Counterparty ABN AMRO

Swap Rating Trigger Breach noRTG_DBRS_LT_BANK_DEPOSITS RTG_DBRS_ST RTG_MDY_SEN_UNSECURED_DEBT RTG_MDY_SHORT_TERM_DEBT RTG_MDY_OUTLOOK

Rating Trigger & Current Ratings ConsequensesLong

Term

Short

TermOutlook

Long Term

(CRA)Long Term Outlook

Trigger

breachRTG_DBRS_SENIOR_UNSECURED RTG_DBRS_ST RTG_DBRS_OUTLOOK RTG_MDY_LT_CRA RTG_MDY_ST_CRA RTG_MDY_OUTLOOK

1st Rating TriggerCollateral, Guarantee

or ReplacementA A3 (cr) A3 no

2nd Rating Trigger Guarantee or Replacement BBB Baa3 (cr) Baa3 no

Current Counterparty Ratings AH R-1M STABLE Aa3(cr) A1 STABLE

Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap ABN AMRO Bank N.V. Old Counterparty ABN AMRO

Notional Amount 124.205.175,60 c/o Operations Markets Treasury & Derivatives Current Counterparty ABN AMRO

Fixed Rate -0,2000% Gustav Mahlerlaan 10

Floating Rate (Euribor) -0,4780% 1082 PP Amsterdam

Net Swap Payments -26.855,91 The Netherlands

Notional Amount next period 118.423.649,85 Phone +31 20 383 1164

Email: [email protected]

Swap CollateralBegining of Period - €

Cash Outflow - €

Cash Inflow - €

End of Period - €

Ratings as of 30.06.2020, data source: Bloomberg

DBRS Moody's


Santander-Platz 1




Period No 25

21.2 Swap Counterparty 2 Monthly Period Jul 2020



Swap Counterparty Swap Counterparty DZ Bank AG

Swap Rating Trigger Breach noRTG_DBRS_LT_BANK_DEPOSITS RTG_DBRS_ST RTG_MDY_LT_CRA RTG_MDY_SEN_UNSECURED_DEBT RTG_MDY_OUTLOOK

Rating Trigger & Current Ratings ConsequensesLong

Term

Short

TermOutlook

Long Term

(CRA)Long Term Outlook

Trigger

breachRTG_DBRS_SENIOR_UNSECURED RTG_DBRS_ST RTG_DBRS_OUTLOOK RTG_MDY_LT_CRA RTG_MDY_SEN_UNSECURED_DEBT RTG_MDY_OUTLOOK

1st Rating TriggerCollateral, Guarantee

or ReplacementA A3 (cr) A3 no

2nd Rating Trigger Guarantee or Replacement BBB Baa3 (cr) Baa3 no

Current Counterparty Ratings AAL R-1M STABLE Aa1(cr) Aa1 NEG

Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap DZ Bank AG Old Counterparty DZ Bank AG

Notional Amount 124.205.175,60 Kapitalmärkte Handel / ABS-Emissionen Current Counterparty DZ Bank AG

Fixed Rate -0,2000% Platz der Republik

Floating Rate (Euribor) -0,4780% 60265 Frankfurt am Main

Net Swap Payments -26.855,91 Germany

Notional Amount next period 118.423.649,85 Phone +49 69 7447 4341

Email: [email protected]

Swap CollateralBegining of Period - €

Cash Outflow - €

Cash Inflow - €

End of Period - €


DBRS Moody's


Santander-Platz 1




Period No 25

22. Retention Monthly Period 13.07.2020



599.999.998,18 €

287.410.348,10 €

275.847.287,98 €

5.610.000,00 €

2.598.348,36 €

2.484.103,51 €

39.000.000,00 €

39.000.000,00 €

39.000.000,00 €

7,44%

14,47%

15,04%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 Auto 2018-1 securitisation

transaction of at least 5% of the securitised Purchased Receivables pursuant to Art. 405 of the CRR (Regulation (EU) No 575/2013 of the European Parliament and

of the Council of 26 June 2013) by retaining the regulatory first loss tranche which is represented by the Subordinated Loan of at least 0,935% and by retaining the

regulatory second loss tranche which is represented by the Class B Notes of at least 4,065%.

Outstanding Balance of the Class B Notes as of the Offer Date:

Outstanding Balance of the Class B Notes as of the beginning of the Monthly Period:

Outstanding Balance of the Class B Notes of the end of the Monthly Period:

Net Economic Interest Ratio as of Offer Date:

Net Economic Interest Ratio as of the beginning of the Monthly Period:

Outstanding Principal Balance of Purchased Receivables as of the end of the Monthly Period:

Outstanding Principal Balance of the Subordinated Loan as of the Offer Date:

Outstanding Principal Balance of the Subordinated Loan as of the beginning of the Monthly Period:

Outstanding Principal Balance of the Subordinated Loan as of the end of the Monthly Period:

Outstanding Principal Balance of Purchased Receivables as of the Offer Date:

Outstanding Principal Balance of Purchased Receivables as of the beginning of the Monthly Period:


Santander-Platz 1


SC Germany Auto 2018-1 10.07.2020

Monthly Investor Report 13.07.2020

25

23. Counterparties Jul 2020

from 15.06.2020 to 13.07.2020 = 28 days

from 01.06.2020 to 30.06.2020

RTG_DBRS_LT_BANK_DEPOSITS RTG_DBRS_ST RTG_MDY_SEN_UNSECURED_DEBT RTG_MDY_SHORT_TERM_DEBT RTG_MDY_OUTLOOK

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

Counterparty

status

RTG_DBRS_SENIOR_UNSECURED RTG_DBRS_ST RTG_DBRS_OUTLOOK RTG_MDY_LT_CRA RTG_MDY_ST_CRA RTG_MDY_OUTLOOK

Joint Lead Managers: Banco Santander S.A. AH R-1M STABLE A3(cr) P-2(cr) STABLE performing

Santander Global Banking and Markets

2 Triton Square

Regent's Place

eMail: [email protected] London NW1 3AN

Phone: +44 20 7756 4309 United Kingdom

UniCredit Bank AG - - - A1(cr) P-1(cr) NEG performing

Arabellastr. 12eMail: [email protected] 81925 MunichPhone: +49 89 378 12679 Germany

Société Générale S.A. AH R-1M POS A1(cr) P-1(cr) STABLE performing

SG HouseeMail: [email protected] 41 Tower Hill, London EC3N 4SGPhone: +49 69 7174255 United Kingdom

Paying Agent: ABN AMRO Bank N.V. AH R-1M STABLE Aa3(cr) P-1(cr) STABLE performing

Gustav Mahlerlaan 10eMail: [email protected] 1082 PP AmsterdamPhone: +31 20 628 0708 The Netherlands

Transaction Account: ABN AMRO Bank N.V. AH R-1M STABLE Aa3(cr) P-1(cr) STABLE performing

Gustav Mahlerlaan 10eMail: [email protected] 1082 PP AmsterdamPhone: +31 (0)20 383204 2 The Netherlands

Transaction Security Trustee: TMF Trustee Limited - - - - - - performing

6 St Andrew Street eMail: [email protected] London EC4A 3AE Phone: +44(0) 207 832 4900 United Kingdom

Data Trustee: TMF Deutschland AG - - - - - - performing

Eschenheimer Anlage 1eMail: [email protected] 60316 Frankfurt am MainPhone: +49 (0) 69 663698 0 Germany

Rating Agencies: DBRS Ratings Ltd. Moody's Deutschland GmbH

Structured Finance Structured Finance Monitoring

1 Minister Court, 10th floor, Mincing Lane An der Welle 5

EC3R 7 AA London 60322 Frankfurt am Main

United Kingom Germany


DBRS Moody's

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period

Collection Period


Santander-Platz 1




Period No 25

24. Issuer Information Monthly Period Jul 2020



Deal Name: SC Germany Auto 2018-1

Issuer: SC Germany Auto 2018-1 UG (haftungsbeschränkt)

The Managing Directors

Steinweg 3-5

60313 Frankfurt am Main

Germany

eMail [email protected]

fax +49 (0) 69 2992 5387

LEI: 5299000W44YCGN76D320

Seller of the Receivables: Santander Consumer Bank AG

Servicer Name: Santander Consumer Bank AG

Reporting Entity: Santander Consumer Bank AG

Capital Markets

Santander-Platz 1


Germany


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 2018-1 10.07.2020


25

25. Santander Consumer Bank Jul 2020

from 15.06.2020 to 13.07.2020 = 28 days

from 01.06.2020 to 30.06.2020

Contact DetailsCapital Markets

Tomasz Osipowicz +49-2161-690-7046 [email protected]

Robert Westermann +49-2161-690-7424 [email protected]

Michael Evers +49-2161-690-5761 [email protected]

Bastian Menges +49-2161-690-7085 [email protected]

Stefan Zilligen +49-2161-690-6069 [email protected]

Team ABS [email protected]

Ratings Santander

Long

Term

Short

TermOutlook

Long

Term

Short

TermOutlook

AH R-1M STABLE A3(cr) P-2(cr) STABLE

- - - A3(cr) P-2(cr) STABLE

- - - A1(cr) P-1(cr) POS


Collection Period

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period


Moody's

Banco Santander S.A.

Santander Consumer Finance S.A.

DBRS


Santander-Platz 1


mailto:[email protected]

mailto:[email protected]

SC Germany Auto 2018-1 10.07.2020


25

26. Glossary Jul 2020

from 15.06.2020 to 13.07.2020 = 28 days

from 01.06.2020 to 30.06.2020

Aggregate Outstanding Principal Amount: Shall mean in respect of all Purchased Receivables at any time, the aggregate of the Outstanding Principal Amounts of all Purchased Receivables

which, as of such time, are not defaulted receivables.

Balloon Loan: A loan where the final payment due is higher than any of the previous loan instalments payable by the relevant debtor.

Balloon Payment: The final payment of a balloon loan.

Defaulted Contracts/Defaults: Shall mean as of any date, any purchased receivable which has been declared due and payable in full in accordance to the Credit and Collection Policy

which in principal is between 120 and 180 calendar days after the due date.

Delinquent Receivable: Shall mean as of any date, any purchased receivable which is more than 30 days overdue and not a defaulted contract.

Downpayment: The initial upfront portion of the total net amount due at the time of finalizing the contract.

Excess Spread: Excess Spread equals WA Portfolio Yield minus Fixed Swap Rate minus WA Notes Margin

Gap Insurance: Insurance which covers the risk that loss is incurred if the relevant Financed Vehicle has to be completely written off (total damage) due to fire, accident (irrespective

of whether such accident was caused by the Debtor or a third party), flooding or theft

Legal Maturity: Final Payment date on which all outstanding notes will mature.

Expected Maturity: Maturity date of the notes under the assumption of inter alia (a) a 14% constant prepayment rate, (b) an exercised Clean-Up Call at 10%

and (c) 0% cumulative gross losses.

Leisure: Is composed of motorised and not motorised caravans and campers.

Payment Protection Insurance: Insurance, composed of life insurance and/or accident insurance and/or temporary disability insurance and/or unemployment insurance, which covers

the risk that a Debtor in its capacity as insured person is unable to pay the Loan Instalments owed by such Debtor life insurance

Recoveries: Any amount received on defaulted contracts

Repair Cost Insurance: Insurance which covers repair costs for the repair of certain important components of the Financed Vehicle

Set-Off Reserves (X/Y): Protection against set-off risks due to (X) capitalized service fees (e.g. Payment Protection Insurance, Gap Insurance, Repair Cost Insurance) and (Y) deposits

Used Vehicle Shall mean any Financed Vehicle the date of purchase of which by the relevant debtor was later than 12 months after the date of first registration

of such Financed Vehicle

Collection Period

Reporting Date

Payment Date

Period No

Monthly Period

Interest Period


Santander-Platz 1


Documents

SC Germany Auto 2018-1 Monthly Investor Report · Interest Period from 15.06.2020 to 13.07.2020 = 28 days Collection Period from 01.06.2020 to 30.06.2020 Note Balance Beginning of