Driver France three. Deal Name: Issuer:

Transcription

1 Deal Name: Issuer: Originator of the Receivables: Seller of the Receivables: Servicer name: Reporting Entity: Management Company: Custodian: Driver France three Driver France FCT Compartment Driver France Three represented by France Titrisation as Management Company Attn.: Frédéric RUET Les Grands Moulins de Pantin 9, rue du Débarcadère, Pantin France Fax: GIIN : 8R9VSB SL.250 LEI/CICI No: YGX52CQNKMXM05 Volkswagen Bank French Branch Volkswagen Bank French Branch Volkswagen Bank French Branch Volkswagen Bank French Branch Batiment Ellipse 15 avenue de la Demi-Lune CS ROISSY-EN-FRANCE ROISSY CHARLES DE GAULLE France Phone: +33 (0) : ABS_OPS_FRANCE@fr.vwfsag.de France Titrisation Attention: Frédéric RUET Les Grands Moulins de Pantin 9, rue du Débarcadère, Pantin France Tel.: Fax: ftitrisation@bnpparibas.com BNP Paribas Securities Services Attention: CONTRÔLE DÉPOSITAIRE France Baptiste UGUEN/ Matthieu CHEVALLEY Rue du General Compans ACI: CKA02B Pantin France Tel: / PARIS_BP2S_FDO_TITRISATION@bnpparibas.com

2 Contents Page Table of Contents 1 Cover 2 Contents 3 Reporting Details 4 Parties Overview 5 Transaction Events I 6 Transaction Events II 7 Transaction Events III 8 Information regarding the Notes I 9 Information regarding the Notes II 10 Credit Enhancement 11 Swap Fixing / Waterfall 12 CRD Retention / Retention of Net Economic Interest 13 Amortisation Profile I 14 Amortisation Profile II 15 Run Out Schedule I 16 Run Out Schedule II 17 I 18 II 19 Delinquencies 20 Delinquencies II 21 Defaults Recoveries 22 Gross Losses 23 Write-off 24 Deposits 25 Pool Data I 26 Pool Data II 27 Pool Data III 28 Pool Data IV 29 Pool Data V 30 Pool Data VI 31 Pool Data VII 32 Pool Data VIII 33 Pool Data IX 34 Loan Level Data

3 Reporting Details Deal Overview Cut-Off Date Scheduled Date of Clean-Up-Call Legal Maturity Date Issue Date Period No.: Reporting frequency: Next Payment Date: 31/03/2017 Publication Date: Payment Date: 22/04/2024 Reporting Date: 27/04/2017 Asset Collection Period: 12 Interest Accrual Period monthly Note Payment Period: 21/05/2018 Days accrued: (16th of each month) (21st of each month) 16/04/2018 from until from until from until Type of Car at Pool Cut Discounted Loan Percentage Discounted New Cars ,59% ,12 56,76% Used Cars ,41% ,63 43,24% Total ,00% ,75 100,00% Credit Type at Pool Cut Discounted Loan Percentage Discounted Equal Instalment Loan ,00% ,75 100,00% Total ,00% ,75 100,00%

4 Parties Overview Lead Manager: HSBC Bank Plc, 8 Canada Square, London E14 5HQ, United Kingdom Account Bank: BNP Paribas Securities Services 3, rue d'antin Paris France Commerzbank Kaiserstrasse 16 (Kaiserplatz) Frankfurt am Main Germany Management Company: France Titrisation 9 rue du Débarcadère Pantin France ftitrisation@bnpparibas.com cc: johnny.valente@bnpparibas.com Custodian: BNP Paribas Securities Services Attention: CONTRÔLE DÉPOSITAIRE France Baptiste UGUEN/ Matthieu CHEVALLEY Rue du General Compans ACI: CKA02B Pantin - France Tel: / PARIS_BP2S_FDO_TITRISATION@bnpparibas.com Swap Counterparty: ING Bank N.V DDerivatives Operations WB CSD/T&M NL/CoEFM/TP/C&S TRC , Foppingadreef BD Amsterdam, The Netherlands Clearing Systems: Clearstream Banking S.A. 42 Avenue JF Kennedy L-1885 Luxembourg Luxembourg web@clearstream.com SPG.Amsterdam@INGBank.com> Euroclear Banking S.A./ N.V. 1 Boulevard du Roi Albert II. B-1210 Brussels Belgium Tel.: +32 (0) Servicer: Volkswagen Bank French Branch Batiment Ellipse 15 avenue de la Demi-Lune CS ROISSY-EN-FRANCE ROISSY CHARLES DE GAULLE France Rating Agencies: Standard & Poor s Credit Market Services Europe Ltd. (Niederlassung Deutschland) OpernTurm, Bockenheimer Landstraße Frankfurt ABS_OPS_FRANCE@fr.vwfsag.de in copy : E.Collet@fr.vwfsag.de DBRS Ratings Limited 20 Fenchurch street 31st floor London EC3M 3BY United Kingdom info@dbrs.com

5 Transaction Events (I) Clean-Up Call Condition Current Discounted Portfolio Min. Discounted Portfolio 51,49% 10,00% The Clean-Up-Call Condition is planned to be reached in Clean-Up Call Volkswagen Bank French Branch will have the option to exercise a Clean-Up Call and to repurchase the Purchased Loan Receivables from the Issuer at any time when the Aggregate Discounted is less than 10 per cent. of the Aggregate Cutoff Date Discounted provided that all payment obligations under the Notes will be thereby fulfilled. Repurchase of Receivables contracts % of Discounted % of Discounted Re-Purchase Price Current Period Previous Periods Total If a repurchase of receivables occurred, it would only result from non-eligibility as of the respective Cut Off Date (which has been discovered at a later stage). Transaction Party Replacements Capacity of Transaction Party Date of Replacement Reason for Replacement Replaced Party Replaced by

6 Transaction Events (II) Credit Enhancement Increase Conditions Level 1a Credit Enhancement Increase Condition - Cumulative Gross Loss do not amount to 1,95% for any Payment Date before and incl. 30st June 2018 Level 1b Credit Enhancement Increase Condition -Cumulative Gross Loss do not amount to 2,75% for any Payment Date between 1st July 2018 and 31st March 2019 Level 2 Credit Enhancement Increase Condition - Cumulative Gross Loss do not amount to 3,60% for any Payment Date NO NO NO Cumulative Gross losses Gross Loss registered in current Period Gross Loss incl. current Period Gross loss Amount , ,69 Cumulative Gross loss as of the End of the Monthly Period Discounted as of Cut-Off-Date Cumulative Gross Loss Ratio as percentage of defaults divided by the Discounted Principal at Pool Cut , ,75 0,2205%

7 Transaction Events (III) Account Bank: BNP Paribas Securities Services Long Term5 DBRS Short Term6 Outlook7 Long Term8 S&P Short Term9 Outlook10 Current Rating n/a n/a - A A-1 Stable Minimum required Rating (if no short term Rating available, the higher long term rating is applicable) A R1 - A A-1 - If the Account Bank ceases to have the Account Bank Required Rating it shall, at its own cost, (i) transfer the accounts to an Eligible Collateral Bank, or (ii) provide a guarantee from an Eligible Guarantor, or (iii) take any other action in order to maintain the rating of the Notes. If none of the measures is taken within a given timespan, the Issuer may enter into new banking arrangements at its own initiative with another Account Bank. (Please refer to the Prospectus for a complete description of the mechanism) Required Rating: Fulfilled Swap Counterparty DBRS S&P ING Bank Long Term5 Short Term6 Outlook7 Long Term8 Short Term9 Outlook10 Current Rating A+ A-1 Level I - Minimum required Rating A (if no short term Rating available, the higher long term rating is applicable) Level II - Minimum required Rating BBB (if no short term Rating available, the higher long term rating is applicable) If the Swap Bank falls below the above mentioned Minimum Rating (Level I) it shall provide Eligible Credit Support by means of Cash or certain types of Prime Debt Obligations If the Swap Bank ceases to have the even lower Rating as an Eligible Swap Counterparty (Level II) it shall, at its own cost, (i) transfer all rights and obligations under the Swap Agreement to another Eligible Swap Partner or (ii) provide a guarantee from an Eligible Guarantor. If none of the measures is taken within a given timespan, the Issuer may enter into new arrangements at its own initiative with another Swap Bank. Required Rating: Fulfilled (Please refer to the Prospectus for a complete description of the mechanism) Servicer Volkswagen Bank GmbH French Branch Long Term5 DBRS Short Term6 Outlook7 Long Term8 S&P Short Term9 Outlook10 Current Rating * A- A-2 - Minimum required Rating BBB R-2 - BBB A-2 - Required Rating: Fulfilled

8 Information regarding the Notes I Rating at Issue Date Class A Class B S&P AAA(sf) A + (sf) DBRS AAA(sf) A (high) (sf) Current Rating Class A Class B S&P AAA(sf) A + (sf) DBRS AAA(sf) A high (sf) Information on Notes Class A Class B Legal maturity date avr.-24 avr.-24 Scheduled Clean Up Call ISIN: FR FR Common Code: Nominal Amount , ,00 Information on Interest Class A Class B Spread/ Margin 45 bps 60 bps Rate 1-Month-Euribor 1-Month-Euribor Fixed/Floating floating floating Current Coupon 1-Month-Euribor Month-Euribor + 60 Day Count Convention actual/360 actual/360

9 Information regarding the Notes II Monthly Period: Payment Date: Interest Accrual Period (from/until) Days accrued Rate Base Interest Rate: Day Count Convention 03/ /04/2018 from until Month-Euribor -0,370% actual/360 Interest Payments Class A Class B Total Interest Amount of the Reporting Period , ,65 Paid Interest , ,65 Unpaid Interest Class A Class B Unpaid Interest of the Reporting Period 0,00 0,00 Cumulative unpaid Interest 0,00 0,00 Note Class A Class B Note as of Cut of Date , ,00 Note as of the Beginning of the Period , ,35 Redemption Amount per Class ( ,20) ( ,20) Class as of the End of the Period , ,15 Payments to Investors per note Class A Class B Interest 3,97 12,07 Principal Repayment by note 4 205, ,76 Notes Note Factor 0,500 0,528 Overcollateralisation Class A Class B Initial OC Percentage at Poolcut 10,4006% 6,5006% Current OC Percentage 13,0000% 9,0000% Target OC Percentage 13,0000% 9,0000% Subordinated Loan - Spalte1 as of the Beginning of the Period ,83 Redemption ( ,05) Unpaid Interest and Liquidated Damages 0,00 as of the End of the Period ,78

10 Credit Enhancement Credit Enhancement as of Cutoff Date % of Aggregate Discounted Value Class B Note 3,90% ,00 Subordinated Loan 5,21% ,75 Overcollateralization 1,29% ,00 Cash Collateral Account 1,20% ,00 Cash Collateral Account (CCA) in EUR in % of Discounted as of Initial at Poolcut ,00 1,200% Targeted (Floor) ,00 as of the Beginning of the Period ,00 1,000% Payment from CCA 0,00 - Payment to CCA 0,00 - as of the End of the Period ,00 1,000% Calculation of Credit Enhancement Initially, Driver France Three's Credit Enhancement consists of the respective Note Issue in comparison to the Discounted as of Poolcut, minus any Senior Debt Issuance. This 'Overcollateralisation' is specific for each Note Series and increases with its seniority. Subsequently, the 'Overcollateralisation' is calculated (as an OC Percentage) on a monthly basis, all on end of month figures. Considering the seniority of the respective Note Series, redemption is made until an Overcollateralisation of 13,% for Class A (9,% for Class B) has been reached. However, if an Accelerated Redemption Event causes the transaction to switch into sequential payment mode, the OC Percentages will not determine the maximum redemption amount and may be exceeded. In addition, there is the 'General Cash Reserve' which is in principle to the benefit of all Tranches over the entire lifetime of the transaction. The transaction starts amortising Class A only until its OC Percentage is reached. The transaction switches into pro rata amortisation once an Overcollateralisation Percentage (i.e. Credit Enhancement excluding the Cash Collateral Account) of 13% for the Class A Notes and 9% for the Class B Notes has been reached. The amortisation will switch to sequential in case the Aggregate Discounted Loan falls below 10,00% of the Aggregate Cut- Off Date Discounted Lease, thus redeeming the most senior tranches before any redemtion goes to Junior Debt.

11 Swap Fixing / Waterfall LEI/CICI No: YGX52CQNKMXM05 Amortising Interest Rate Swap Class A Class B Initial Principal , ,00 Underlying Principal for Reporting Period , ,35 Paying Leg Fixed Interest Rate Fixed Interest Rate Receiving Leg Floating Interest Rate Floating Interest Rate Net Swap Payments / Net Swap Receipts ,47 865,25 Available Distribution Amount Calculation Payment to waterfall position Remaining Amount Available Collections Amount , ,85 Net Swap Receipts 0, ,85 Purchase Price Amount 0, ,85 Remaining Rounding Amount (Previous Period) 0, ,85 Waterfall Payment to waterfall position Remaining Amount Available Distribution Amount ,85 1. Taxes 0, ,85 2. Servicing Fee ( ,48) ,37 3. Payment in respect of fees ( ,33) ,37 4.i) Net Swap Payment Class A ( ,47) ,57 4.ii) Net Swap Payment Class B ( 865,25) ,32 5) Interest Payment Class A ( ,60) ,72 6) Interest Payment Class B ( 2 353,65) ,07 7) Payment to Cash Collateral Account 0, ,07 8) Principal Payment Class A ( ,20) ,87 9) Principal Payment Class B ( ,20) ,67 Remaining Rounding Amount (Current Period) 0, , Payments to CCA after Servicer Replacement Event 0, , Other Payment to Swap Counterparties 0, , Accrued and unpaid interest on the Subordinated Loan ( ,62) , Principal Payment Subordinated Loan ( ,05) 0, Principal Payment to the Unitholders 0,00 0, Final Success Fee 0,00 0,00 Distribution of Cash Collateral Account Surplus Payment to waterfall position Remaining Amount Payment from Cash Collateral Account 0,00 0,00 Interest Subordinated Loan 0,00 0,00 Redemption Subordinated Loan 0,00 0,00 Final Success Fee 0,00 0,00

12 CRD Retention / Retention of Net Economic Interest Retention Amount at Poolcut Type of Asset Nominal Nominal Portfolio sold to FCT ,00% ,69 93,00% Retention of VW Bank ,00% ,38 7,00% Total ,00% ,07 100,00% Retention Amounts - Spalte1 Minimum Retention ,09 5,00% Actual Retention ,38 7,00% Retention Amount End of Reporting Period Type of Asset Nominal Nominal Portfolio sold to FCT ,06% ,36 92,92% Retention of VW Bank ,94% ,18 7,08% Total ,00% ,54 100,00% Retention Amounts - -2 Minimum Retention ,02 5,00% Actual Retention ,18 7,08% In its capacity as originator and original lender, Volkswagen Bank French Branch complies with the retention requirements of a material net economic interest in accordance with 122a CRD. By adhering to option c) of the direction, Volkswagen Bank French Branch will keep the exposures designated for retention on its balance sheet on an ongoing basis. The latest end of month level of retention will be published on a monthly basis within the Investor Report.

13 Amortisation Profile I Note Class Class A Class B WAL At Closing: 1,38 yrs At Closing: 1,38 yrs At Closing: 1,50 yrs At Closing: 1,50 yrs Payment Date Actual Note Forecasted Note Actual Note Forecasted Note 2 2 Poolcut , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , , / , ,17 03/2020-0,00 0,00 04/2020-0,00 0,00 05/2020 0,00 0,00

14 Amortisation Profile II

15 Run Out Schedule I Payment Date Remaining Capital Remaining Interest Remaining Instalments arrears , , ,22 04/ , , ,69 05/ , , ,64 06/ , , ,73 07/ , , ,28 08/ , , ,12 09/ , , ,22 10/ , , ,22 11/ , , ,04 12/ , , ,82 01/ , , ,28 02/ , , ,67 03/ , , ,31 04/ , , ,33 05/ , , ,90 06/ , , ,50 07/ , , ,65 08/ , , ,13 09/ , , ,86 10/ , , ,63 11/ , , ,69 12/ , , ,29 01/ , , ,23 02/ , , ,41 03/ , , ,81 04/ , , ,47 05/ , , ,19 06/ , , ,61 07/ , , ,23 08/ , , ,28 09/ , , ,18 10/ , , ,88 11/ , , ,15 12/ , , ,13 01/ , , ,56 02/ , , ,64 03/ , , ,79 04/ , , ,57 05/ , , ,85 06/ , , ,69 07/ , , ,35 08/ , , ,35 09/ , , ,10 10/ , , ,03 11/ ,27 796, ,97 12/ ,18 298, ,75 01/ ,22 13,28 456,50 02/ ,71 12,79 456,50 03/ ,15 273, ,92 TOTAL , , ,36

16 Run Out Schedule II

17 Overview Current Discounted by Discounted Status Current ,40 Delinquent ,03 Default ,31 End of Term ,00 Banque de France ,86 Early Settlement ,00 Write-Off 0 0, ,60 Total Total Portfolio as of Pool Cut Date New Vehicle Type of Car Used Vehicle Discounted Discounted Discounted Contract Status Development 2 Current , , ,63 End of term 0 0,00 0 0,00 0 0,00 Write-Off 0 0,00 0 0,00 0 0,00 Delinquent 0 0,00 0 0,00 0 0,00 Banque de France 0 0,00 0 0,00 0 0,00 Early Settlement 0 0,00 0 0,00 0 0,00 Default 0 0,00 0 0,00 0 0, , , ,63 Total Total Portfolio as of Current Reporting Period New Vehicle Type of Car Used Vehicle Discounted Discounted Discounted Contract Status Development 2 Current , , ,55 End of term , , ,00 Write-Off 0 0,00 0 0,00 0 0,00 Delinquent , , ,85 Banque de France , , ,55 Early Settlement , , ,00 Default , , , , , ,03 Total Contract Status as of the end of the current period Contract Status Developement Current Delinquent Default End of Term Early Settlement Write-Off Banque de France Discounted Discounted Discounted Discounted Discounted Discounted Discounted Contract Status as of the begin of the period Current , ,94 1 0, , ,00 0 0,00 0 0,00 Delinquent , , ,43 5 0,00 3 0,00 0 0,00 0 0,00 Default ,06 0 0, ,88 0 0,00 0 0,00 0 0,00 0 0,00 End of Term 0 0,00 0 0,00 0 0, ,00 0 0,00 0 0,00 0 0,00 Banque de France 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0, ,86 Early Settlement 0 0,00 0 0,00 0 0,00 0 0, ,00 0 0,00 0 0,00 Write-Off 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0, , , , ,86 Total

18 Collections Collections by Status Collections Current ,77 Delinquent ,10 Default ,81 End of Term ,27 Banque de France ,16 Early Settlement ,74 Write-Off 0 0 Total ,85 Development of Pool within Reporting Period Nominal Adjustments contracts Begin of Period , ,30 Periodic Reduction of Nominal 0 0, ,31 Prepayments 0 0, ,54 Discount ,00 0,00 Fees for Restructuring/Prolongation 0 916,75 0,00 Interest on Arrears ,31 0,00 Write Off 0 0,00 0,00 Litigated amounts 0 0, ,09 Recoveries after default ,94 0,00 Available Collections Amount 0 0, ,85 Repurchased Loan 0 0,00 0,00 End of Period ,36

19 Delinquencies I Total Portfolio Publication Date: janv.-00 janv.-00 janv.-00 janv.-00 Vehicle Status New Used Days in Arrears (%) Discounted Discounted (%) 8 Discounted 9 10 Discounted 11 < 30 days ,14% ,37 30,94% , ,33 1 month delinquent ,06% ,78 31,36% , ,58 2 months delinquent 64 19,05% ,02 19,44% , ,23 3 months delinquent 24 7,14% ,95 5,29% , ,00 4 months delinquent 32 9,52% ,85 9,49% , ,46 5 months delinquent 7 2,08% ,30 3,48% , ,14 Subtotal ,00% ,27 100,00% , ,74 6 months delinquent 12 29,27% ,71 17,36% , ,19 7 months delinquent 9 21,95% ,30 21,89% , ,00 8 months delinquent 7 17,07% ,92 35,69% , ,08 9 months delinquent 7 17,07% ,79 10,40% , ,21 10 months delinquent 4 9,76% ,38 11,85% , ,63 11 months delinquent 2 4,88% 9 902,66 2,82% ,66 0 0,00 1 year delinquent 0 0,00% 0,00 0,00% 0 0,00 0 0,00 Subtotal ,00% ,76 100,00% , ,11 Total ,00% ,03 100,00% , ,85

20 Defaults I Total Portfolio New Vehicle Status Used Days in Arrears (%) Discounted Discounted (%) Discounted 2 Discounted 3 < 30 days 67 59,29% 3 153,62 0,00% , ,98 1 month delinquent 1 0,88% 3 367,56 0,00% 0 0, ,56 2 months delinquent 2 1,77% 1 999,09 0,00% , ,66 3 months delinquent 1 0,88% 1 498,77 0,00% 0 0, ,77 4 months delinquent 1 0,88% 1 668,66 0,00% 0 0, ,66 5 months delinquent 9 7,96% ,81 0,00% , ,43 6 months delinquent 3 2,65% 5 256,98 0,00% 0 0, ,98 7 months delinquent 9 7,96% ,09 0,00% , ,27 8 months delinquent 3 2,65% 5 457,25 0,00% 0 0, ,25 9 months delinquent 4 3,54% 6 704,18 0,00% , ,65 10 months delinquent 6 5,31% 9 683,45 0,00% , ,69 11 months delinquent 7 6,19% ,85 0,00% , ,18 1 year delinquent 0 0,00% 0,00 0,00% 0 0,00 0 0,00 Total ,00% ,31 0,00% , ,08

21 Defaults II - Defaulted Recoveries Defaulted II Credit Type Vehicle Status Nominal Principal at Day of Default* Discounted at Day of Default* Total Recoveries Total Discount Total Write Offs Nominal Principal End of Reporting Period* Discounted End of Reporting Period* Classic Credit New , , ,70 0,00 0, , ,11 Used , , ,35 0,00 0, , ,53 Total , , ,05 0,00 0, , ,64

22 Gross Losses Gross Losses of the Monthly Period Credit Type Type of Car Gross Losses Equal-Instalment Loans New ,42 Used ,67 Total ,09 Cumulative Gross Losses as of the End of the Monthly Period Discounted Principal as of Cut-Off-Date Cumulative Gross Loss Ratio , ,75 0,2205% Current Period Cumulative Monthly Period Gross Losses 2 Gross Losses2 04/ , ,05 05/ , ,15 06/ , ,09 07/ , ,90 08/ , ,12 09/ , ,10 10/ , ,75 11/ , ,84 12/ , ,55 01/ , ,80 02/ , ,60 03/ , ,69 04/ / / / / / / / / / / / / / / / / / / / / / / /2020 Total , ,69

23 Write-off Write-off of the Monthly Period Credit Type Type of Car Write-off Equal-Instalment Loans New 0 0,00 Used 0 0,00 Total 0 0,00 Cumulative Write-off as of the End of the Monthly Period Discounted Principal as of Cut-Off-Date Cumulative Write-off Ratio 274, ,75 0,0001% Current Period Cumulative Monthly Period Write-off 2 Write-off2 04/ / / / / / / / / / , ,06 02/ ,06 03/ ,06 04/ / / / / / / / / / / / / / / / / / / / / / / /2020 Total 1 274, ,06

24 Deposits Customers with Deposits Nominal of Customers with Deposits Discounted of Customers with Deposits Deposits 0,00 0,00 0,00 0,00 Total 0,00 0,00 0,00 0,00 Borrower Deposits in % of Aggregate Discounted EoP Current Set Off Risk Trigger* 0,00% 0,00% VW Bank French Branch has no deposit business activity

25 Publication Date: Down Payments Down Payment Total Portfolio (%) Discounted ( ) Percentage of (%) Down Payment/ Purchase Price in % Discounted Down Payment/ Purchase Price in % 2 Discounted 2 Down Payment/ Purchase Price in %2 No Down Payment ,65% ,78 8,32% 0,00% ,33 0,00% ,45 0,00% <= 1.000, ,86% ,93 2,82% 4,31% ,39 3,76% ,54 4,68% 1.000, , ,70% ,38 5,60% 10,67% ,38 10,37% ,00 11,16% 2.000, , ,81% ,38 6,41% 14,50% ,61 13,77% ,77 15,51% 3.000, , ,61% ,22 6,29% 18,62% ,05 17,71% ,17 20,03% 4.000, , ,98% ,21 6,21% 24,77% ,17 23,49% ,04 26,59% 5.000, , ,69% ,75 5,15% 30,75% ,32 29,88% ,43 32,08% 6.000, , ,56% ,18 4,64% 35,43% ,10 33,84% ,08 38,04% 7.000, , ,67% ,76 4,70% 39,08% ,48 37,91% ,28 41,18% 8.000, , ,27% ,77 4,02% 43,22% ,85 41,86% ,92 45,56% 9.000, , ,19% ,81 4,96% 45,75% ,65 43,62% ,16 49,09% , , ,20% ,76 3,62% 50,42% ,99 47,91% ,77 54,21% , , ,11% ,18 3,48% 52,83% ,90 49,51% ,28 58,22% , , ,74% ,66 3,11% 55,18% ,93 52,54% ,73 59,67% , , ,43% ,99 2,72% 58,04% ,71 54,63% ,28 63,22% , , ,66% ,21 3,20% 58,14% ,42 55,21% ,79 62,51% > , ,87% ,63 24,74% 73,10% ,29 70,04% ,34 77,12% Total ,00% ,60 100,00% 614,82% , ,03 New Vehicle Status Used Statistics Down Payments Minimum Down Payment Maximum Down Payment Average Down Payment (Customers that made a Down Payment) Average Down Payment Type of Payment , , ,13 Type of Payment Total Portfolio (%) Discounted ( ) Percentage of (%) Discounted Vehicle Status 2 Discounted 2 Other 23 0,04% ,98 0,08% , ,18 Direct Borrower Account Debit ,96% ,62 99,92% , ,85 Total ,00% ,60 100,00% , ,03 New Used

26 Distribution of Loan and Vehicles per Borrower Contract Concentration Customers Customers (%) Discounted ,49% ,98% ,33 98,77% ,50% 518 1,00% ,53 1,20% 3 4 0,01% 12 0,02% ,74 0,04% Total ,00% ,00% ,60 100,00% Top 20 Borrower Number Discounted ( ) (%) ,64 0,02545 % 1 0,00193 % ,27 0,02362 % 1 0,00193 % ,08 0,02320 % 1 0,00193 % ,31 0,02208 % 1 0,00193 % ,64 0,02030 % 1 0,00193 % ,24 0,01987 % 2 0,00387 % ,41 0,01958 % 2 0,00387 % ,79 0,01896 % 2 0,00387 % ,85 0,01889 % 1 0,00193 % ,88 0,01835 % 1 0,00193 % ,15 0,01828 % 1 0,00193 % ,15 0,01817 % 2 0,00387 % ,91 0,01806 % 1 0,00193 % ,68 0,01804 % 1 0,00193 % ,54 0,01752 % 1 0,00193 % ,23 0,01747 % 1 0,00193 % ,13 0,01686 % 1 0,00193 % ,78 0,01677 % 1 0,00193 % ,00 0,01676 % 3 0,00580 % ,25 0,01647 % 2 0,00387 % Total ,93 0,38% 27 0,05%

27 Distribution by Discounted Distribution by Discounted Total Portfolio Percentage of (%) Discounted Discounted Discounted 0, , ,74% ,39 30,71% , , , , ,64% ,94 35,09% , , , , ,87% ,85 19,12% , , , , ,44% ,67 8,40% , , , , ,83% ,38 3,71% , , , , ,27% ,43 1,47% , ,23 > , ,20% ,94 1,48% , ,25 Total % ,60 100% , ,03 New Vehicle Status Used Statistics Discounted Minimum Discounted Maximum Discounted Average Discounted Distribution by Original , ,95 Distribution by Original Total Portfolio Percentage of (%) Discounted Discounted Discounted 0, , ,44% ,32 8,28% , , , , ,67% ,05 20,45% , , , , ,70% ,43 25,47% , , , , ,97% ,11 20,01% , , , , ,27% ,40 10,83% , , , , ,80% ,44 7,15% , ,94 > , ,15% ,85 7,81% , ,93 Total % ,60 100% , ,03 New Credit Type Used Minimum Original Maximum Original Average Original Statistics 1 700, , ,54

28 Interest Rate paid by the Receivable Debtor Interest Rate paid by the Receivable Debtor Total Portfolio (%) Discounted Discounted Discounted < 0,10 % ,50% ,55 27,77% , ,93 0,10 % - 0,59 % 20 0,04% ,99 0,02% , ,96 0,60 % - 1,09% ,33% ,93 2,50% , ,71 1,10 % - 1,59 % 11 0,02% ,04 0,06% , ,09 1,60 % - 2,09 % ,16% ,53 1,74% , ,68 2,10 % - 2,59 % 62 0,12% ,82 0,10% , ,87 2,60 % - 3,09 % ,12% ,53 4,79% , ,48 3,10 % - 3,59 % 737 1,42% ,61 1,07% , ,56 3,60 % - 4,09 % ,35% ,35 11,27% , ,16 4,10 % - 4,59 % ,72% ,30 4,69% , ,63 4,60 % - 5,09 % ,95% ,00 18,49% , ,36 5,10 % - 5,59 % 830 1,60% ,62 3,03% , ,05 5,60 % - 6,09 % ,80% ,33 15,73% , ,75 6,10 % - 6,59 % 688 1,32% ,98 1,86% , ,57 6,60 % - 7,09 % ,86% ,53 5,23% , ,19 7,10 % - 7,59 % 634 1,22% ,18 1,29% , ,85 7,60 % - 8,09 % 119 0,23% ,10 0,18% , ,49 8,10 % - 8,59 % 66 0,13% ,83 0,12% , ,45 8,60 % - 9,09 % 57 0,11% ,63 0,08% , ,21 9,10 % - 9,59 % 3 0,01% 5 550,75 0,00% , ,04 9,60 % - 10,00 % 0 0,00% 0,00 0,00% 0 0,00 0 0,00 > 10,00 % 0 0,00% 0,00 0,00% 0 0,00 0 0,00 Total % ,60 100% , ,03 Statistics Interest Rate Minimum Interest Rate Debtor 0,00% Maximum Interest Rate Debtor 9,24% Weighted Average Interest Rate Debtor 3,38% New Vehicle Status Used

29 Pool Data V Original Term Length of Original Term (months) Total Portfolio (%) Discounted Discounted Discounted ,00% - 0,00% ,40% ,11 0,11% , , ,47% ,71 37,43% , , ,64% ,66 14,35% , , ,49% ,91 48,10% , , ,00% ,21 0,00% ,21 > ,00% - 0,00% Total ,00% ,60 100,00% , ,03 New Vehicle Status Used Statistics Original Term Minimum Original Term in months Maximum Original Term in months Weighted Average Original Term month ,07 Remaining Term Length of Remaining Term (months) Total Portfolio (%) Discounted Discounted Discounted ,30% ,18 13,80% , , ,23% ,19 34,44% , , ,04% ,26 26,79% , , ,42% ,50 24,96% , , ,00% - 0,00% 0 0,00 0 0, ,00% ,11 0,00% 0 0, ,11 > ,00% ,36 0,01% ,36 0 0,00 Total ,00% ,60 100,00% , ,03 New Vehicle Status Used Statistics Remaining Term Minimum Remaining Term in months Maximum Remaining Term in months Weighted Average Remaining Term in months ,89 Seasoning Term Seasoning (months) Total Portfolio (%) Discounted Discounted Vehicle Status Discounted <=06 5 0,01% ,26 0,01% 0 0, , ,08% ,55 0,11% , , ,55% ,50 29,31% , , ,31% ,65 34,16% , , ,51% ,42 20,97% , , ,80% ,75 11,92% , , ,48% ,37 1,84% , ,78 > ,25% ,10 1,67% , ,86 Total ,00% ,60 100,00% , ,03 New Used Statistics Seasonning Minimum Seasoning in months Maximum Seasoning Term in months Weighted Average Seasoning Term in months ,31

30 Credit Type Credit Type (%) Discounted Discounted Discounted Equal Instalment Loans ,00% ,60 100,00% , ,03 Balloon Loans 0 0,00% 0,00 0,00% 0 0,00 0 0,00 Total ,00% ,60 100,00% , ,03 Type of Car Type of Car (%) Discounted Discounted Discounted New Vehicles ,10% ,57 52,84% , ,84 Used Vehicles ,90% ,03 47,16% , ,13 Total ,00% ,60 100,00% , ,97 Customer Type Total Portfolio Total Portfolio New Private Vehicle Status Customer Type Used Commercial Customer Type Total Portfolio (%) Discounted Commercial ,01% ,97 2,70% Private ,99% ,63 97,30% Total ,00% ,60 100,00%

31 Distribution by Vehicle Brand and Models Brand Model Total Porfolio (%) Discounted Principal Discounted Lease Discounted Lease Audi A ,43% ,42 4,68% , ,22 A ,00% ,12 6,15% , ,12 A ,18% ,29 2,59% , ,92 A ,67% ,19 2,33% , ,76 A6 44 0,08% ,70 0,07% 0 0, ,70 A6 / A ,64% ,68 2,68% , ,16 A8 60 0,12% ,73 0,26% , ,08 Q ,23% ,21 4,60% , ,97 Q ,12% ,71 3,39% , ,70 Q ,29% ,61 0,49% , ,80 TT 92 0,18% ,75 0,21% , ,29 Subtotal ,94% ,41 27,46% , ,72 Seat ALHAMBRA 143 0,28% ,92 0,31% , ,49 ALTEA 412 0,79% ,34 0,48% , ,54 EXEO 26 0,05% ,88 0,04% , ,49 IBIZA ,53% ,99 4,04% , ,01 LEON ,43% ,56 3,58% , ,07 MII 138 0,27% ,72 0,15% , ,11 TOLEDO 101 0,19% ,50 0,20% , ,69 Subtotal ,54% ,91 8,79% , ,40 Skoda FABIA 347 0,67% ,57 0,38% , ,49 OCTAVIA 380 0,73% ,32 0,70% , ,81 RAPID 76 0,15% ,45 0,14% , ,02 ROOMSTER 78 0,15% ,65 0,07% , ,87 SUPERB 136 0,26% ,97 0,22% , ,20 YETI 539 1,04% ,31 0,91% , ,19 Subtotal ,00% ,27 2,42% , ,58 VW EOS 76 0,15% ,31 0,11% , ,01 FOX 3 0,01% 2 395,57 0,00% 0 0, ,57 GOLF ,18% ,19 17,20% , ,30 JETTA 103 0,20% ,85 0,18% , ,40 LUPO 0 0,00% 0,00 0,00% 0 0,00 0 0,00 NEW BEETLE 987 1,90% ,72 1,85% , ,14 PASSAT ,28% ,82 2,57% , ,65 PHAETON 1 0,00% 372,48 0,00% 0 0, ,48 POLO ,01% ,82 14,88% , ,77 SCIROCCO 292 0,56% ,88 0,68% , ,43 SHARAN 330 0,64% ,31 0,91% , ,46 TIGUAN ,19% ,09 10,66% , ,03 TOUAREG 246 0,47% ,29 0,80% , ,07 TOURAN ,05% ,14 5,62% , ,38 UP ,11% ,95 1,25% , ,51 Subtotal ,74% ,42 56,71% , ,20 VW LCV AMAROK 70 0,13% ,86 0,26% , ,55 CADDY 277 0,53% ,90 0,58% , ,06 CRAFTER 9 0,02% ,71 0,02% , ,82 TRANSPORTER 323 0,62% ,05 0,88% , ,63 Subtotal 679 1,31% ,52 1,74% , ,06 Non VW Group Vehicles Subtotal ,48% ,07 2,88% 0 0, ,07 Total ,00% ,60 100,00% , ,03 New Vehicle Type of Car Used Vehicle

32 Pool Data VIII Region Total Portfolio (%) Discounted Discounted Vehicle Status Discounted ALSACE ,60% ,38 2,79% , ,13 AQUITAINE ,78% ,87 4,38% , ,62 AUVERGNE ,07% ,08 1,67% , ,76 BASSE-NORMANDIE ,04% ,69 3,04% , ,10 BOURGOGNE ,02% ,67 2,97% , ,66 BRETAGNE ,39% ,58 2,98% , ,89 CENTRE ,94% ,93 3,92% , ,25 CHAMPAGNE-ARDENNE ,96% ,12 1,90% , ,23 CORSE 294 0,57% ,00 0,60% , ,74 FRANCHE-COMTÉ ,92% ,08 3,16% , ,50 REUNION 1 0,00% 1 675,86 0,00% 0 0, ,86 MAYOTTE 2 0,00% ,07 0,01% , ,15 GUADELOUPE 1 0,00% 2 891,00 0,00% 0 0, ,00 HAUTE-NORMANDIE ,15% ,29 3,41% , ,93 ILE-DE-FRANCE ,80% ,81 15,39% , ,21 LANGUEDOC-ROUSSILLON ,45% ,96 4,36% , ,16 LIMOUSIN 384 0,74% ,50 0,65% , ,73 LORRAINE ,36% ,80 3,50% , ,55 MIDI-PYRÉNÉES ,44% ,33 4,19% , ,65 NORD-PAS-DE-CALAIS ,89% ,28 6,99% , ,62 PACA ,23% ,53 13,44% , ,21 PAYS DE LA LOIRE ,19% ,31 3,00% , ,75 PICARDIE ,47% ,76 3,89% , ,66 POITOU-CHARENTES ,51% ,39 2,49% , ,19 RHÔNE-ALPES ,46% ,58 11,26% , ,34 GUYANE 1 0,00% ,73 0,00% ,73 0 0,00 Total % ,60 100% , ,89 New Used

33 Pool Data IX Motor type Motor type Total Portfolio (%) Discounted Discounted Vehicle Status Discounted EA 189 (unfixed) ,13% ,60 2,71% , ,30 Other ,87% ,00 97,29% , ,73 Total ,00% ,60 100,00% , ,03 New Used

34 Publication Date: Loan Level Data Discounted Discounted Discounted Recovery from sale of Loss Percentage on Loss Percentage Current Geographical Location of Object Type (new / used No. Month / Year of Origination Month / Year of Default of Loan at Default Rebate Month / Year of Loss Unsecured Recovery Total Recovery Loss Amount Brand Contract Type Distribution Channel Customer Type at Pool Cut Balace Asset Original Borrower car) Date ,11 0,00 0,00 ( 274,06) ,00 0,00 0,00 274,06 28,4% - PACA NEW VOLKSWAGEN Retail SAS BYMYCAR AVIGNON Private ,11 0,00 0,00 ( 274,06) - 0,00 0,00 0,00 274, Total