Silver Arrow S.A., Compartment Silver Arrow UK

Transcription

1 June 20, July, 208 Section Table of Contents Table of Contents 2 Contact Information 3 Overview Dates 4 Overview Counterparties 5 Events 6 Information Notes I 7 Information Notes II 8 Issuer Accounts Swap Information 0 Collection Period Available Distribution Amount 2 Calculations and Deal Level Tests 3 Priority of Payments 4 Credit Enhancement and Risk Retention 5 Delinquency Analysis, Defaulted Receivables and Voluntary Terminations 6 Amortisation Schedule 7 Portfolio Information - Distribution by Vehicle Type I, Vehicle Type II, New-Used-Sub-portfolio 8 Portfolio Information - Distribution by Product, New-Used-Sub-portfolio Portfolio Information - Distribution by Original Principal Balance 20 Portfolio Information - Distribution by Current Principal Balance 2 Portfolio Information - Distribution by Customer Interest Rate and Customer Type 22 Portfolio Information - Distribution by Customer Region 23 Portfolio Information - Distribution by Original and Remaining Term 24 Portfolio Information - Distribution by Seasoning and Payment Method 25 Portfolio Information - Distribution by PCP Original Balloon Amount as a of Original Balance 26 Portfolio Information - Distribution by PCP Quarter of Maturity Distribution 27 Portfolio Information - Distribution by Current PCP Balloon Amount Distribution 28 Portfolio Information - Distribution by Vehicle Make 2 Portfolio Information - Distribution by Asset Type Description 30 Portfolio Information - Top 20 Obligors Page

2 Contact Information Transaction Parties June 20, July, 208 Account Bank: Corporate Service Provider: Elavon Financial Services Limited Level 5, 25 Old Broad Street London EC2N AR United Kingdom dublin.mbs@usbank.com Intertrust (Luxembourg) S.à.r.l. (formerly SFM) 6, Rue Eugène Ruppert L-2453 Luxembourg Luxembourg Contact: Valérie Schleimer valerie.schleimer@intertrustgroup.com Phone: Issuer: Silver Arrow S.A. Compartment SAUK 207-6, Rue Eugène Ruppert L-2453 Luxembourg Luxembourg Contact: Valérie Schleimer valerie.schleimer@intertrustgroup.com Phone: Joint Lead Manager: Lloyds Bank plc 0 Gresham Street London United Kingdom Contact: Vasiliki Chalmouki vasiliki.chalmouki@lloydsbanking.com Phone: Page 2

3 June 20, July, 208 Joint Lead Manager: Paying Agent, Custodian, Calculation Agent, and Interest Determination Agent: HSBC Bank plc 8 Canada Square London United Kingdom Contact: Stefan Timm stefan.timm@hsbc.de Phone: Elavon Financial Services Limited Rating Agencies: Level 5, 25 Old Broad Street London EC2N AR United Kingdom mbs.erg.london@usbank.com Moody's An der Welle Frankfurt am Main Germany Monitor.ABS@moodys.com Phone: Standard & Poor's S&P Global Ratings 20 Canada Square Canary Wharf London, E4 5LH ABSEuropeanSurveillance@standardandpoors.com Phone: Page 3

4 June 20, July, 208 Security Trustee, Notes Trustee and Data Trustee: Wilmington Trust SP Services (Frankfurt) GmbH,Trustee Steinweg Frankfurt Germany Contact: Werner Niemeyer fradirectors@wilmingtontrust.com Phone: Seller and Servicer: Swap Counterparty: Mercedes-Benz Financial Services UK Limited Tongwell Milton Keynes MK5 8BA United Kingdom MBFS_UK_ABS@daimler.com HSBC Bank plc. 8 Canada Square London E4 5HQ United Kingdom Contact: Stefan Timm stefan.timm@hsbc.de Phone: Page 4

5 June 20, July, 208 Contact for Servicer Report / Investor Report Calculation Agent: Elavon Financial Services Limited Level 5, 25 Old Broad Street London EC2N AR United Kingdom mbs.erg.london@usbank.com Replacement Party to be added if applicable Should any Transaction Party be replaced by a new transaction party during the life of the Transaction, such replacement party including the date on which such replacement party is contracted will be shown on this page. Page 5

6 June 20, July, 208 Overview Dates Cut-Off Date: 3/08/207 Issue Date: 05/0/207 Legal Maturity Date: 20/07/2023 Determination Date: 30/06/208 Reporting Frequency: 8/07/208 monthly Period No.: 20/07/208 Next 20/08/208 Collection Period: 0/06/208 until 30/06/208 Collection Period (number of days) 30 20/06/208 until /07/208 Days accrued: 30 Page 6

7 June 20, July, 208 Overview Counterparties Role Name Standard & Poor's Standard & Poor's Current Rating Required Rating Short Term Long Term Short Term Long Term Trigger Breach Consequence of Trigger Breach Seller and Servicer: Mercedes-Benz Financial Services UK Limited NR NR NA A Yes Daily Settlement Security Trustee, Notes Trustee, Data Trustee: Wilmington Trust SP Services (Frankfurt) GmbH,Trustee NR NR NA NA NA NA Calculation Agent / Paying Agent / Interest Determination Agent / Custodian: Elavon Financial Services Limited A-+ AA- NA NA NA NA Account Bank: Elavon Financial Services Limited A-+ AA- A- A No Replacement of Account Bank Swap Counterparty: HSBC Bank plc A-+ AA- NA A No Swap Counterparty to post collateral Page 7

8 June 20, July, 208 Moody's Moody's Current Rating Required Rating Short Term Long Term Short Term Long Term Trigger Breach Consequence of Trigger Breach Seller and Servicer: Mercedes-Benz Financial Services UK Limited NR NR NA Baa2 No Daily Settlement Security Trustee, Notes Trustee, Data Trustee: Wilmington Trust SP Services (Frankfurt) GmbH,Trustee NR NR NA NA NA NA Calculation Agent / Paying Agent / Interest Determination Agent / Custodian: Elavon Financial Services Limited P- Aa2 NA NA NA NA Account Bank: Elavon Financial Services Limited P- Aa2 P- A2 No Replacement of Account Bank Swap Counterparty: HSBC Bank plc P- Aa3 NA A3 No Swap Counterparty to post collateral Page 8

9 June 20, July, 208 Events Servicer Termination Event The occurrence of any of the following events: YES/NO No (a) the Seller or the Servicer is Insolvent; (b) the Seller or the Servicer fails to make any payment or deposit required by the terms of the relevant Transaction SA UK 207- Documents within [5] Business Days of the date such payment or deposit is required to be made; (c) the Seller or the Servicer fails to perform any of its material obligations under the Receivables Purchase Agreement and /or the Servicing Agreement (other than a payment or deposit required), and such breach, if capable of remedy, is not remedied within twenty (20) Business Days of written notice from the Issuer or the Security Trustee; or (d) any representation or warranty in the Receivables Purchase Agreement or in the Servicing Agreement or in any report provided by the Seller or the Servicer is materially false or incorrect, and such inaccuracy, if capable of remedy, is not remedied within twenty (20) Business Days of written notice from the Issuer or the Security Trustee and has a Material Adverse Effect in relation to the Issuer. Event of Default The occurrence of any of the following events: No (a) the Issuer becomes Insolvent; (b) subject to the Available Distribution Amount and in accordance with the Pre-enforcement Priority of Payments, a default occurs in the payment of interest on any Payment Date in respect of the most senior class of the Notes (and such default is not remedied within two (2) Business Days of its occurrence); (c) (d) the Issuer fails to perform or observe any of its other material obligations under the Conditions or the Transaction SA UK 207- Documents (other than the Subordinated Loan Agreement) and such failure continues for a period of thirty (30) days following written notice from the NoteTrustee or any other Secured Parties; or the Deed of Charge (or any security interest purported to be created thereunder) shall, for any reason, cease to be in full force and effect or be declared to be null and void, or the validity or enforceability thereof shall be contested by the Issuer or the Issuer shall deny that it has any or further liability or obligation under the Deed of Charge (or with respect thereto). Page

10 Information Notes I. Rating Details: Rating at Issue Date S&P Moody's Current Rating S&P Moody's Information on Notes Legal Maturity Date: ISIN: June 20, July, 208 Class A Class B Subordinated Loan AAA(sf) NR NR Aaa(sf) NR NR AAA (sf) NR NR Aaa (sf) Class A NR Class B July 2023 July 2023 XS XS NR Subordinated Loan July 2023 NA Common Code: Currency: GBP GBP GBP NA Initial Aggregate Outstanding Note Principal Amounts on the Issue Date: 400,000, ,8, ,367,27.73 Number of Notes: 4,000,458 NA Min. Initial Note Principal Amount: 00, , NA Information on Interest Class A Class B Subordinated Loan Interest Rate: Libor Interest Type: Floating Fixed Day Count Convention: Actual/365 Actual/ Fixed Actual/365 Page 0

11 June 20, July, 208 Clean-Up Call Condition on any Payment Date (i) following the Determination Date on which the Aggregate Outstanding Receivables Amount is less than 0 per cent. of the Aggregate Outstanding Receivables Amount at the Cut-Off Date or (ii) on which the Class A Notes including any interest accrued but unpaid thereon are redeemed in full, the Seller will have the option under the Receivables Purchase Agreement to acquire all outstanding Purchased Receivables against payment of the Repurchase Price subject to the following requirements: (a) the Repurchase Price should, together with funds credited to the General Reserve Account and to the Operating Account be at least equal to the sum of (x) the aggregate Outstanding Note Principal Amount of all Class A Notes plus (y) accrued interest thereon plus (z) all claims of any creditors of the Issuer in respect of Compartment Silver Arrow UK 207- ranking prior to the claims of the Class A Noteholders according to the applicable Priority of Payments; and (b) the Seller shall have notified the Issuer of its intention to exercise the Clean-Up Call at least 0 days prior to the contemplated settlement date of the Clean-Up Call. Aggregate Oustanding Loan Principal Amount (Determination Date) < 0*Aggregate Outstanding Loan Principal Amount (Cut Off Date) : No Page

12 June 20, July, 208 Information Notes II. Collection Period: June /07/208 Interest Period (From/Until): 20/06/208 - /07/208 Number of Days of 30 LIBOR: Currency: GBP Day Count Convention: Actual/365 Interest Payments Class A Class B Subordinated Loan Total Interests Amount due for 66, , ,78.84 Paid interest: 66, , ,78.84 Unpaid Interest: Total unpaid interest amount beginning balance Total unpaid interest ending balance: Principal Payments Class A Class B Subordinated Loan Class Initial Aggregate Note Principal Amount (Issue Date): 400,000, ,8, ,367,27.73 Aggregate Outstanding Note Principal Amount (previous Payment Date): 235,55, ,8, ,367,27.73 Principal Redemption: 6,870, Aggregate Outstanding Note Principal Amount (current Payment Date): 28,688, ,8, ,367,27.73 Payments to Investor - Per Note Class A Class B Subordinated Loan Min. Interest Paid: NA Principal Paid: 4,27.67 NA Note Percentage: NA Page 2

13 Issuer Accounts June 20, July, 208 (i) Distribution Account Opening balance before application of Priority of Payments Less: amounts to be paid out according to the application of Priority of Payments Value 2,84, ,84,73.78 Closing balance after application of Priority of Payments (ii) General Reserve Account Value General Reserve Required Amount 4,367,27.73 Opening balance Less: amounts credited to the Distribution Account Add: Top up according to the Pre-enforcement Priority of Payments Closing balance (iii) Swap Collateral Account 4,367, ,367, ,367, ,367,27.73 Required Rating Trigger on Swap Counterparty Breached Opening balance Less: amounts paid out to the Swap Counterparty Add: Payments from Swap Counterparty Closing balance Value No Page 3

14 June 20, July, 208 Swap Information Interest Rate Swap Swap Counterparty Provider Swap Termination Event HSBC Bank plc No Amount (in GBP) Swap notional amount in GBP (Class A Notes) Fixed rate 235,55, Floating rate (LIBOR) Paying Leg (Fixed) Swap Receiving Leg (Floating) Swap Net Swap Receipts Net Swap Payments 26, , ,70.56 Page 4

15 Collection Period Principal Collections, Recovery Collections and Interest Collection during Collection Period June 20, July, 208 Amount (in GBP) A) Aggregate Outstanding Loan Principal Amount at previous Determination Date B) Principal Collections Collections of Principal under the Performing Loan Receivables paid during the Collection Period Collections of Principal under the Performing Loan Receivables prepaid during the Collection Period 38,450,655.56,585, ,228,5.7 Repurchase Price due to repurchase option (Clean-Up Call) relating to the Collection Period Repurchase Price due to repurchase obligation relating to the Collection Period Total Principal Collections 5,84, C) Defaulted Amount Outstanding Loan Principal Amount of all Purchased Loan Receivables that became Defaulted Loan Receivables during the Collection Period,056, D) Aggregate Outstanding Loan Principal Amount at the Current Determination Date 364,57,8.50 E) Recovery Collections Total recoveries during the Collection Period in respect of Defaulted Loan Receivables 8,45.87 F) Interest Collections Total Collections under the Performing Loan Receivables other than Principal Collections and Recovery Collections,72,73.66 Page 5

16 June 20, July, 208 Available Distribution Amount (a) the Collections; Amount (in GBP) 7,67, (b) the amount standing to the credit of the General Reserve Account CUK 207-; 4,367,27.73 (c) the Net Swap Receipts payable by the Swap Counterparty to the Issuer on the Payment Date; (d) any other amount standing to the credit of the Operating Account, including any interest accrued on the Operating Account during the relevant Collection Period. Available Distribution Amount 2,84,73.78 Page 6

17 June 20, July, 208 Calculations and tests (i) Class A and Class B Aggregate Outstanding Note Principal Amount (previous Payment Date) 38,450, (ii) Aggregate Outstanding Loan Principal Amount (current Determination Date) 364,57,8.50 (iii) Class A and Class B Aggregate Outstanding Note Principal Amount (current Payment Date) 364,57,8.50 Required Principal Redemption Amount 6,870, ( (i) - (ii) ) Implicit principal deficiency ( (iii) - (ii) ) Principal Redemption Class A Aggregate Oustanding Note Principal Amount (as of the previous Payment Date or in case of the first Payment Date, the Issue Date) Class B Aggregate Oustanding Note Principal Amount (as of the previous Payment Date or in case of the first Payment Date, the Issue Date) Required Principal Redemption Amount on current Payment Date Class A Principal Redemption Amount Class B Principal Redemption Amount Class A Aggregate Oustanding Note Principal Amount (as of the current Payment Date) Class B Aggregate Oustanding Note Principal Amount (as of the current Payment Date) Amount (in GBP) 235,55, ,8, ,870, ,870, ,688, ,8, Sub-Loan Required Redemption Amount Deal level tests The transaction is static, early amortisation triggers are NOT APPLICABLE. The amortisation of the Class A and Class B Notes is fully sequential from the first Payment Date, amortisation type triggers are NOT APPLICABLE. Interest on the Class B Notes is subordinated to interest and principal on the Class A from the first payment onwards, interest deferral triggers are NOT APPLICABLE. Page 7

18 June 20, July, 208 Pre-enforcement Priority of Payments Prior to the issuance of an Enforcement Notice by the Note Trustee, the Issuer will distribute the Available Distribution Amount on each Payment Date in accordance with the following Pre-Enforcement Priority of Payments: Amount Due Amount Paid Remaining Available Distribution Shortfall to be paid on next Payment Date Available Distribution Amount 2,84,73.78 (a) first, to retain on the Retained Profit Ledger a profit for the Issuer of 00 from which the Issuer will discharge its corporate income or corporation tax liability (if any); ,84,63.78 (b) second, to pay any due and payable taxes owed by the Issuer; 2,84,63.78 (c) third, to pay any due and payable amounts to the Note Trustee under the Trust Deed or to the Security Trustee under the Deed of Charge; (d) fourth, to pay (on a pro rata and pari passu basis) any due and payable Administration Expenses including any Administrator Recovery Incentive and any administrator or liquidator's costs and expenses in selling such Vehicle; 2,84, ,84,63.78 (e) fifth, to pay any due and payable Servicing Fee; 33, ,52.0 2,67,02.6 (f) sixth, to pay any due and payable Net Swap Payments and Swap Termination Payments under the Swap Agreement (provided that the Swap Counterparty is not the defaulting party (as defined in the Swap Agreement) and there has been no termination of the Swap Agreement (due to a termination event relating to the Swap Counterparty's downgrade); (g) seventh, to pay (on a pro rata and pari passu basis) any due and payable Class A Interest Amount on the Class A Notes and any Class A Interest Shortfall; (h) eight, to pay an amount equal to the General Reserve Required Amount to the General Reserve Account; (i) ninth, to pay (on a pro rata and pari passu basis) the Class A Principal Redemption Amount in respect of the redemption of the Class A Notes until the Aggregate Outstanding Note Principal Amount of the Class A Notes is reduced to zero; (j) tenth, to pay (on a pro rata and pari passu basis) any due and payable Class B Interest Amount on the Class B Notes and any Class B Interest Shortfall; (k) eleventh, to pay (on a pro rata and pari passu basis) the Class B Principal Redemption Amount in respect of the redemption of the Class B Notes until the Aggregate Outstanding Note Principal Amount of the Class B Notes is reduced to zero; 27, , ,643, , , ,477, ,367, ,367, ,0, ,870, ,870, , , , , ,66.8 (l) twelfth, to pay any due and payable interest amount on the Subordinated Loan; 7, , ,437.7 (m) thirteenth, to pay the Subordinated Loan Redemption Amount in respect of the redemption of the Subordinated Loan until the Subordinated Loan is reduced to zero; (n) fourteenth, to pay any indemnity payments to any party under the Transaction SA UK 207- Documents; 76, ,437.7 Page 8

19 June 20, July, 208 (o) fifteenth, to pay to the Swap Counterparty any payments due under the Swap Agreement other than those made under item sixth above; and 76,437.7 (p) sixteenth, to pay the Deferred Consideration to the Seller. 76, ,437.7 Page

20 June 20, July, 208 Credit Enhancement and Risk Retention according to Article 405 CRR Credit Enhancement at Issue Date: Value (in ) Credit Enhancement (in ) Credit Enhancement (in ) Class A Notes 400,000, ,258, Class B Notes 45,8, ,367, Sub Loan 4,367,27.73 Current Credit Enhancement: Class A Notes 28,688, ,258, Class B Notes 45,8, ,367, Sub Loan 4,367,27.73 Retention of Net Economic Interest Aggregate Outstanding Note Principal Amount (Class B Notes) 45,8, Outstanding Amount Sub Loan 4,367,27.73 Retention by MBFS UK 50,258, Minimum retention of 5 by MBFS UK according to 405 CRR. MBFS UK has confirmed to the Issuer that it continues to hold the Class B notes and continues to provide the Sub Loan to the Issuer as at the end of the Collection Period to which this report relates. Page 20

21 June 20, July, 208 Delinquency Analysis (Instalments in Arrears) Collection Period Performing Month 2 Months 3+ Months Oct Nov Dec Jan Feb Mar Apr May Jun Page 2

22 June 20, July, 208 Delinquency profile of the Aggregate Outstanding Loan Principal Amount Loan type in GBP Previous Determination Date Number of Contracts in of Aggregate Outstanding Loan Principal Amount in GBP Current Determination Date Number of Contracts in of Aggregate Outstanding Loan Principal Amount Hire Purchase 3,545, , ,64, , (Performing) Contract Purchase 348,348, , ,068, ,4.36 Hire Purchase 4, , Contract Purchase,08, ,275, Hire Purchase 3, , Contract Purchase 3, , Hire Purchase 2, , Contract Purchase 54, , Page 22

23 June 20, July, 208 Defaulted Receivables Collection Period Number of Defaulted Loan Agreements in Collection Defaulted Amounts in Collection Period Cumulative Defaulted Amounts since Cut-Off Date Cumulative Default Ratio Recovery Amount in Collection Cumulative Recovery Amount Cumulative Recovery Rate Sep , , Oct ,6.0 25, Nov , , ,26.44, Dec , , ,26.3 2, Jan ,77.50,364, , Feb ,367.8,35, , , Mar , ,230, , , Apr ,0.44 2,63, , , May ,504. 3,7, ,080.37,020, Jun-8 75,056, ,227, ,45.87,0, Page 23

24 June 20, July, 208 Voluntary Terminations Collection Period Number of Voluntary Terminations in Collection Period Voluntary Terminations Amount in Collection Period Voluntary Terminations Amounts since Cut-Off Date Cumulative Voluntary Terminations Ratio Recovery Amount in Collection Cumulative Recovery Amount Cumulative Recovery Rate Sep , , ,00.8, Oct-7 63,00,00.06,822, , , Nov , ,450, ,046.37,007, Dec , ,047, ,64.58,628, Jan , ,700, ,805.,674, Feb ,6.63 4,565, , ,537, Mar ,37.3 5,423, ,67.2 3,25, Apr-8 67,6,37. 6,52, , ,033, May , ,2, ,47.3 4,834, Jun , ,64, ,3.45 5,457, Page 24

25 June 20, July, 208 Amortisation Schedule Determination Date Period Number Aggregate Outstanding Loan Principal Amount as of the Cut-Off Pool factor in Current Aggregate Outstanding Loan Principal Amount Pool factor in Scheduled Interest 3-Aug ,80, ,80, ,762, Sept-7 537,37, ,7, ,662, Oct ,46, ,7, ,54, Nov ,330, ,444, ,452, Dec ,23, ,572, ,368, Jan ,466, ,, ,278, Feb ,78, ,455, ,86, Mar ,050, ,38, ,056, Apr ,504, ,534, ,6, May-8 42,2, ,450, ,86, June ,07, ,57, ,78, July-8 400,248, ,8, ,750, Aug ,422, ,55, ,70, Sept ,744, ,77, ,657,0.4 3-Oct ,43, ,67, ,576, Nov ,506, ,075, ,520, Dec ,70, ,674, ,462, Jan- 7 33,75, ,578, ,4, Feb ,42, ,7, ,360, Mar- 278,305, ,503, ,343, Apr ,880, ,033, ,20, May- 2 25,444, ,54, ,53, June ,305, ,72, ,00, July ,5, ,74, ,033, Aug ,32, ,634, , Sept- 25 2,225, ,345, , Oct ,, ,660, , Page 25

26 June 20, July, 208 Determination Date Period Number Aggregate Outstanding Loan Principal Amount as of the Cut-Off Pool factor in Current Aggregate Outstanding Loan Principal Amount Pool factor in Scheduled Interest 30-Nov ,778, ,7, , Dec ,30, ,587, , Jan ,004, ,74, , Feb ,6, ,87, , Mar ,020, ,888, , Apr ,663, ,573, , May ,878, ,870, , June ,538, ,484, , July ,533, ,263, , Aug ,64, ,68, , Sept ,7, ,744, , Oct ,880, ,078, , Nov ,284, ,23, , Dec ,343, ,85, , Jan ,82, ,77, , Feb ,6, ,23, ,4.6 3-Mar ,467, ,088, , Apr ,745, ,778, , May ,342, ,86, , June ,070, ,80, , July-2 47,84, ,654, , Aug-2 48,5, ,45, , Sept-2 4,327, ,204, , Oct-2 50,04, ,008, , Nov , , , Dec , , , Jan , , , Feb , , , Mar , , , Apr , , , Page 26

27 June 20, July, 208 Determination Date Period Number Aggregate Outstanding Loan Principal Amount as of the Cut-Off Pool factor in Current Aggregate Outstanding Loan Principal Amount Pool factor in Scheduled Interest 3-May , , , June Page 27

28 June 20, July, 208 Portfolio Information - Distribution by Vehicle Type I New / Used New & Used Aggregate Outstanding Loan Principal Amount Number of Loans New 272,73, , Used,840, , Total 364,57, ,476 0 Portfolio Information - Distribution by Vehicle Type II Passenger Car / Commercial Vehicle Vehicle Type Aggregate Outstanding Loan Principal Amount Number of Loans Commercial Vehicle 22,38, , Passenger Car 342,8, , Total 364,57, ,476 0 Portfolio Information - Distribution by New-Used-Sub-portfolio Passenger Car / Commercial Vehicle New & Used Type Aggregate Outstanding Loan Principal Amount Number of Loans New Commercial Vehicle 7,53, , New Passenger Car 255,200, , Used Commercial Vehicle 4,858, Used Passenger Car 86,8, , Total 364,57, ,476 0 Page 28

29 June 20, July, 208 Portfolio Information - Distribution by Product Product Product Aggregate Outstanding Loan Principal Amount Number of Loans Contract Purchase 334,77, , Hire Purchase 2,782, , Total 364,57, ,476 0 Portfolio Information - Distribution by New-Used Sub-portfolio HP / PCP Product New & Used Aggregate Outstanding Loan Principal Amount Number of Loans New Contract Purchase 258,764, , New Hire Purchase 3,74, , Used Contract Purchase 76,032, , Used Hire Purchase 5,807, , Total 364,57, ,476 0 Page 2

30 June 20, July, 208 Portfolio Information - Distribution by Original Principal Balance Original Principal Balance Original Principal Balance Aggregate Outstanding Loan Principal Amount Number of Loans 0.0-5, , , , ,334, , , , ,767, , , , ,703, , , , ,828, , , , ,620, , , , ,787, , , , ,732, , , , ,60, , , ,66, , , ,00, , , ,42, , , ,67, , ,000.00,87, ,000.0 >= Total 364,57, ,476 0 Statistics Minimum Aggregate Original Loan Principal Amount Maximum Aggregate Original Loan Principal Amount Average Aggregate Original Loan Principal Amount 2,. 2,4.3 24,00.4 Page 30

31 June 20, July, 208 Portfolio Information - Distribution by Current Principal Balance Current Principal Balance Current Principal Outstanding Aggregate Outstanding Loan Principal Amount Number of Loans 0.0-5, ,750, , , , ,55, , , , ,0, , , , ,7, , , , ,88, , , , ,35, , , , ,28, , , ,36, , , ,46, , , ,7, , ,000.00,04, , , , , , , , , ,222, , , , ,000.0 >= Total 364,57, ,476 0 Statistics Minimum Aggregate Current Loan Principal Amount Maximum Aggregate Current Loan Principal Amount Average Aggregate Current Loan Principal Amount ,66.7 7,032.8 Page 3

32 June 20, July, 208 Portfolio Information - Distribution by Customer Interest Rate Customer Interest Rate Client Interest Rate Aggregate Outstanding Loan Principal Amount Number of Loans < X <= ,56, , < X <= ,32, , < X <= ,8, , < X <= ,058, Total 364,57, ,476 0 Statistics Minimum Client Interest Rate Maximum Client Interest Rate Weighted Average Client Interest Rate Portfolio Information - Distribution by Customer Type Private / Commercial Customer Type Aggregate Outstanding Loan Principal Amount Number of Loans Company Partnership Private Individual Sole Trader 24,857,773.45,66, ,60,82.7 5,450, ,57 2 8, Total 364,57, , Page 32

33 June 20, July, 208 Portfolio Information - Distribution by Customer Region Customer Region Region Aggregate Outstanding Loan Principal Amount Number of Loans East Midlands 25,24, , East of England 3,005, , Isle Of Man 6, London 67,68, , North East England,860, North West England 44,0, , Northern Ireland 4,2, Scotland 3,870, , South East England 48,, , South West England 27,788, , Wales 2,368, West Midlands 26,37, , Yorkshire and the Humber 23,7, , Total 364,57, ,476 0 Page 33

34 June 20, July, 208 Portfolio Information - Distribution by Remaining Term Remaining Term Remaining Term Aggregate Outstanding Loan Principal Amount Number of Loans 0 < X < 2 2 <= X < <= X < <= X < <= X < <= X <= 72,8, , ,76, , ,6, , ,44, Total 364,57, ,476 0 Statistics Minimum Remaining Term 0.00 Maximum Remaining Term Weighted Average Remaining Term 8.0 Portfolio Information - Distribution by Original Term Original Term Original Term Aggregate Outstanding Loan Principal Amount Number of Loans 0 < X < 2 2 <= X < <= X < <= X < <= X < <= X <= , ,457, ,553, , ,304, , ,08, , Total 364,57, ,476 0 Statistics Minimum Original Term 2.00 Maximum Original Term Weighted Average Original Term Page 34

35 June 20, July, 208 Portfolio Information - Distribution by Seasoning Seasoning Seasoning Aggregate Outstanding Loan Principal Amount Number of Loans 0 < X < 6 6 <= X < 2 2 <= X < 8 8 <= X < <= X < <= X < <= X < <= X < <= X < <= X < <= X < ,07, , ,236, , ,0, , ,50, , ,636, , ,660, ,44, , Total 364,57, ,476 0 Statistics Minimum Seasoning 2.00 Maximum Seasoning 5.00 Weighted Average Seasoning 23. Portfolio Information - Distribution by Payment Method Payment Method Payment Method Aggregate Outstanding Loan Principal Amount Number of Loans Direct debit 364,57, ,476 0 Total 364,57, ,476 0 Page 35

36 June 20, July, 208 Portfolio Information - PCP Original Balloon Amount as a of Original Balance PCP Original Balloon Amount as a of Original Balance PCP Ballon as a of Original Balance Aggregate Outstanding Loan Principal Amount Number of Loans , ,404, ,5, ,477, , ,85, , ,34, , ,086, , ,573, , ,6, >= Total 334,77, ,503 0 Page 36

37 June 20, July, 208 Portfolio Information - PCP Quarter of Maturity Distribution PCP Quarter of Maturity Quarter of Maturity Distribution Aggregate Outstanding Loan Principal Amount Number of Loans 208 Q 45, Q2 4,2, Q3 8,654, , Q4 7,770, , Q 28,370, , Q2 26,233, , Q3 34,570, , Q4 26,85, , Q 40,232, , Q2 3,842, , Q3 24,526, , Q4 2,665, , Q 3,546, , Q2 25,737, , Q3 44, Q4 432, Q 447, Q2 552, Total 334,77, ,503 0 Page 37

38 June 20, July, 208 Portfolio Information - Current PCP Balloon Amount Distribution PCP Balloon Amount PCP Balloon Amount Aggregate Outstanding Loan Principal Amount Number of Loans , ,84, , , ,66, , , , ,73, , , ,000.00,4, , , , ,035, , , , ,764, , , ,334, , , ,488, , , , , , , , ,000.00,543, , , , Total 334,77, ,503 0 Page 38

39 June 20, July, 208 Portfolio Information - Distribution by Vehicle Make Vehicle Make Vehicle Make Aggregate Outstanding Loan Principal Amount Number of Loans Mercedes-Benz LCV 22,38, , Mercedes-Benz PC 33,828, , smart 0,352, , Total 364,57, ,476 0 Page 3

40 June 20, July, 208 Portfolio Information - Distribution by Asset Type Description Asset Type Description Vehicle Class Aggregate Outstanding Loan Principal Amount Number of Loans A-Class 62,84, ,44.30 B-Class 6,87, C-Class 84,4, , Citan-Class,544, CLA-Class 4,552, CLS-Class 6,00, E-Class 48,076, , G-Class 342, GLA-Class 25,6, , GLC-/GLK-Class 28,800, , GLE-/ML-Class 24,852, GLS-Class / GL-Class 4,325, GT-Class,026, R-Class 4, S-Class 7,674, SLC-/SLK-Class,488, SL-Class 2,4, SLS-Class 2, smart 0,352, , Sprinter-Class,33, , V-Class 2,007, Vito-Class 8,20, Total 364,57, ,476 0 Page 40

41 June 20, July, 208 Portfolio Information - Top 20 Obligors Top 20 Obligors Top 20 Obligors Aggregate Outstanding Loan Principal Amount Number of Loans 0, , , , , , , , , , , , , , , , , , , , Total,67, Page 4