NEWDAY FUNDING RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT This report (including any notes) is a summary of certain information relating to the notes referred to herein. This report is for information purposes only and does not, under any circumstances or in any jurisdiction, constitute or form part of an offer or invitation with respect to the purchase or sale of securities. This report does not constitute advice or a recommendation with respect to any financial instruments, and is not intended to provide the basis of any credit or other evaluation. Whilst all reasonable steps have been taken to ensure that this report is accurate and complete as at the date it is issued, no representation is made that the data is up to date, accurate or complete, and no liability is accepted for any inaccuracy or omission. 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Transaction Overview Bloomberg Ticker: NDFT Report for the period ended: 15/03/2016 Reporting Periods: From: To: Collection Period: 01/02/2016 29/02/2016 Determination Date: 08/03/2016 Interest Period: 15/02/2016 15/03/2016 Transfer Date: 14/03/2016 Interest Payment Date: 15/03/2016 Series Note Class Currency Issuance Amount Outstanding Amount Scheduled Redemption Date * Final Redemption Date Interest Basis Margin Stepup Margin 20151 A GBP 147,300,000.00 147,300,000.00 15/07/2018 15/07/2023 1 mth GBP LIBOR 1.00% 2.00% 20151 B GBP 21,600,000.00 21,600,000.00 15/07/2018 15/07/2023 1 mth GBP LIBOR 1.55% 2.55% 20151 C GBP 31,800,000.00 31,800,000.00 15/07/2018 15/07/2023 1 mth GBP LIBOR 1.95% 2.95% 20151 D GBP 44,100,000.00 44,100,000.00 15/07/2018 15/07/2023 1 mth GBP LIBOR 2.50% 3.50% 20151 E GBP 22,800,000.00 22,800,000.00 15/07/2018 15/07/2023 1 mth GBP LIBOR 3.50% 4.50% 20151 F GBP 15,300,000.00 15,300,000.00 15/07/2018 15/07/2023 1 mth GBP LIBOR 4.50% 5.50% 20152 A GBP 146,700,000.00 146,700,000.00 15/11/2019 15/11/2024 1 mth GBP LIBOR 1.45% 2.45% 20152 B GBP 21,300,000.00 21,300,000.00 15/11/2019 15/11/2024 1 mth GBP LIBOR 2.00% 3.00% 20152 C GBP 31,500,000.00 31,500,000.00 15/11/2019 15/11/2024 1 mth GBP LIBOR 2.75% 3.75% 20152 D GBP 44,100,000.00 44,100,000.00 15/11/2019 15/11/2024 1 mth GBP LIBOR 3.30% 4.30% 20152 E GBP 22,800,000.00 22,800,000.00 15/11/2019 15/11/2024 1 mth GBP LIBOR 4.30% 5.30% 20152 F GBP 15,600,000.00 15,600,000.00 15/11/2019 15/11/2024 1 mth GBP LIBOR 5.30% 6.30% 2015VFN N/A GBP 174,519,406.97 69,016,078.52 15/07/2018 15/07/2023 1 mth GBP LIBOR / CP Rate 1.25% 1.75% 1.75% 2.25% Originator VFN N/A GBP 63,093,225.56 57,223,282.88 15/07/2024 15/07/2025 1 mth GBP LIBOR 9.00% N/A * Subject to extension Master Trust Assets and Liabilities Eligible Balance 691,898,057.00 Series 20151 282,900,000.00 Series 20152 282,000,000.00 2015VFN 69,016,078.52 Originator VFN 57,223,282.88 Transferor Interest 758,695.60 CRR Retention 8.38% The Transferor confirms that it will retain a material net economic interest of not less than 5% of the nominal value of the securitisation in accordance with Article 405 of the CRR and Article 51 of the AIFMR, by way of an originator's interest of not less than 5% of the nominal value of the securitised exposures. As at the reporting date this retention is in the form of the Originator VFN Loan Note. Transaction Party Ratings Triggers Required Rating* Current Rating* Name (Fitch ST/LT, DBRS LT**) (Fitch ST/LT, DBRS LT**) Trigger Status RT Account Bank HSBC Bank Plc F1 / A, A F1+ / AA, A Pass LNI Account Bank HSBC Bank Plc F1 / A, A F1+ / AA, A Pass Issuer Account Bank HSBC Bank Plc F1 / A, A F1+ / AA, A Pass Transferor Collection Account Bank HSBC Bank Plc F1 / A, A F1+ / AA, A Pass Primary Collection Account Bank Lloyds Bank Plc F2/ BBB+, BBB F1 / A+, A (high) Pass *Long Term rating only required where Short Term rating is not available **In the event that a DBRS rating is not available, a DBRS Equivalent Rating, as defined in the Transaction Documents will be used Consequences of Trigger Breach Replacement within specified period Replacement within specified period Replacement within specified period Replacement within specified period Replacement within specified period Counterparty Role Transferor: Originator: Servicer: Cash Manager: Trustee Backup Cash Manager: RT / LNI / Issuer Account Bank: Transferor Account Bank Primary Collection Account Bank Counterparty NewDay Funding Transferor Plc NewDay Ltd NewDay Cards Ltd NewDay Cards Ltd HSBC Corporate Trustees (UK) Ltd Citibank N.A HSBC Bank Plc HSBC Bank Plc Lloyds Banking Group Plc Contact Name Graham Stanford / Hoesli Labhart Graham Stanford / Hoesli Labhart Graham Stanford / Hoesli Labhart Graham Stanford / Hoesli Labhart CTLA Trustee Services Administration Davide Pluchino Paul Kennedy Paul Kennedy Sam Baird Contact Email graham.stanford@newday.co.uk / hoesli.labhart@newday.co.uk graham.stanford@newday.co.uk / hoesli.labhart@newday.co.uk graham.stanford@newday.co.uk / hoesli.labhart@newday.co.uk graham.stanford@newday.co.uk / hoesli.labhart@newday.co.uk ctla.trustee.admin@hsbc.com davide.pluchino@citi.com ctla.accountbank@hsbc.com ctla.accountbank@hsbc.com Sam.Baird@lloydsbanking.com Key Contacts Graham Stanford Hoesli Labhart Contact Email graham.stanford@newday.co.uk hoesli.labhart@newday.co.uk
NEWDAY FUNDING RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT Portfolio Key Performance Indicators Reporting Period Opening * (GBP) Opening No of Accounts Average Account Balance (GBP) Feb16 679,598,903.76 650,994 1,043.94 Jan16 675,729,797.65 661,037 1,022.23 Dec15 653,416,626.24 601,048 1,087.13 Nov15 584,202,482.76 600,783 972.40 Oct15 572,354,908.87 608,784 940.16 Sep15 562,557,524.99 617,052 911.69 Aug15 543,899,103.08 620,783 876.15 Jul15 526,968,633.40 595,015 885.64 * Balances will not exactly match those set out in the stratification tables due to those tables showing Designated Accounts only Reporting Period Payments Received in Monthly Period (GBP) Payment Rate Feb16 78,642,344.05 11.57% Jan16 74,114,347.94 10.97% Dec15 77,985,371.57 11.94% Nov15 73,430,775.10 12.57% Oct15 69,330,645.07 12.11% Sep15 69,906,258.84 12.43% Aug15 64,991,962.92 11.95% Jul15 69,995,752.38 13.28% Reporting Period Purchases Received in Monthly Period (GBP) Purchase Rate Feb16 76,582,076.56 11.27% Jan16 68,534,186.86 10.14% Dec15 88,859,356.74 13.60% Nov15 83,786,067.51 14.34% Oct15 71,309,863.34 12.46% Sep15 70,469,550.85 12.53% Aug15 75,496,812.64 13.88% Jul15 77,761,989.85 14.76% Reporting Period Charges, Fees and Interchange in Monthly Period (GBP) Yield Feb16 19,544,356.04 34.51% Jan16 19,500,764.71 34.63% Dec15 16,853,460.34 30.95% Nov15 18,512,192.23 38.03% Oct15 16,803,673.89 35.23% Sep15 17,132,900.15 36.55% Aug15 16,748,362.98 36.95% Jul15 16,012,545.81 36.46% Reporting Period Chargeoffs in Monthly Period (GBP) Gross Chargeoff Rate Feb16 7,152,499.35 12.63% Jan16 7,048,156.33 12.52% Dec15 6,278,661.90 11.53% Nov15 6,493,221.40 13.34% Oct15 5,585,935.90 11.47% Sep15 5,857,913.48 12.28% Aug15 5,410,066.75 11.54% Jul15 5,331,132.62 12.14% Note: These tables report on both eligible and ineligible balances On 12th November 2015 the Trustee purchased approximately 50,000,000 of additional receivables. The numerators for the calculation of the Key Performance Indicators in the December 2015 Investor Report reflect the inclusion in the month of November of these additional receivables, but the denominator does not, being Opening for the month of November. The additional receivables are reflected in the denominator in the January 2016 Investor Report. Please note that the Portfolio Key Performance Indicators set out on this page were amended and restated in the investor report published on 15 July 2016. No Pay Out Events have occurred, no triggers have been breached, and no payments to investors or any other third parties have been miscalculated due to this reporting issue.
NEWDAY FUNDING RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT Portfolio Stratifications Designated Accounts as at 29/02/2016 Account Balance Total Total ( ) Credit Balance 31,197 4.71% 1,722,539 0.25% No Balance 119,978 18.11% 0 0.00% 0.01 100 35,139 5.30% 1,589,136 0.23% 100.01 200 28,754 4.34% 4,402,287 0.63% 200.01 300 41,542 6.27% 10,386,859 1.50% 300.01 400 33,455 5.05% 11,812,484 1.70% 400.01 600 60,753 9.17% 30,312,615 4.36% 600.01 900 70,035 10.57% 52,412,491 7.54% 900.01 1,200 52,778 7.97% 55,116,997 7.93% 1,200.01 2,000 83,534 12.61% 130,049,526 18.72% 2,000.01 3,000 47,902 7.23% 116,975,599 16.84% 3,000.01 5,000 39,420 5.95% 149,155,928 21.47% 5,000.01 7,500 11,699 1.77% 69,738,093 10.04% 7,500.01 10,000 3,469 0.52% 29,705,654 4.28% 10,000.01 or more 2,925 0.44% 34,820,914 5.01% Average Balance 1,049 Credit Limit Total Total ( ) 0 383 0.06% 50,409 0.01% Less than 100 9,834 1.48% 12,126 0.00% 100.01 200 2,184 0.33% 320,506 0.05% 200.01 300 104,002 15.70% 13,385,367 1.93% 300.01 400 15,624 2.36% 3,368,611 0.48% 400.01 600 68,475 10.33% 23,383,949 3.37% 600.01 900 61,049 9.21% 35,560,927 5.12% 900.01 1,200 68,356 10.32% 41,341,030 5.95% 1,200.01 2,000 103,590 15.63% 104,778,357 15.08% 2,000.01 3,000 73,111 11.03% 98,377,630 14.16% 3,000.01 5,000 88,375 13.34% 162,947,053 23.45% 5,000.01 7,500 34,605 5.22% 89,277,373 12.85% 7,500.01 10,000 13,614 2.05% 41,212,494 5.93% 10,000.01 or more 19,378 2.92% 80,841,029 11.64% Average Credit Limit 2,212 Retail APR Total Total ( ) 0% 3,363 0.51% 3,045,233 0.45% 0.01% 14.90% 15,301 2.31% 17,093,643 2.52% 14.91% 24.90% 28,666 4.33% 11,474,515 1.69% 24.91% 29.90% 101,353 15.30% 96,587,894 14.22% 29.91% 34.90% 117,213 17.69% 129,524,407 19.07% 34.91% 39.90% 154,222 23.28% 182,093,392 26.81% 39.91% 44.90% 83,841 12.65% 77,332,039 11.39% 44.91% 49.90% 136,246 20.56% 115,896,567 17.06% 49.91% 54.90% 15,702 2.37% 43,592,079 6.42% 54.91% 59.90% 422 0.06% 99,116 0.01% 59.91% or more 6,251 0.94% 2,473,000 0.36% Total 662,580 100.00% 679,211,884 100.00% Weighted Average Retail APR 38.29% Cash APR Total Total ( ) 0.00% 2,970 0.45% 355,770 0.62% 0.01% 14.90% 14,782 2.23% 1,888,940 3.31% 14.91% 24.90% 8,594 1.30% 157,237 0.28% 24.91% 29.90% 10,091 1.52% 305,427 0.53% 29.91% 34.90% 19,731 2.98% 638,559 1.12% 34.91% 39.90% 260,895 39.38% 25,205,852 44.11% 39.91% 44.90% 29,361 4.43% 2,273,080 3.98% 44.91% 49.90% 102,020 15.40% 10,332,594 18.08% 49.91% 54.90% 33,349 5.03% 3,357,924 5.88% 54.91% 59.90% 59,982 9.05% 4,208,678 7.36% 59.91% or more 120,805 18.23% 8,420,991 14.74% Total 662,580 100.00% 57,145,052 100.00% Weighted Average Cash APR 45.78%
Account Age Total Total ( ) 0 to 6 months 65,710 9.92% 21,239,053 3.06% 7 to 12 months 132,410 19.98% 86,986,929 12.52% 13 to 24 months 156,947 23.69% 148,611,823 21.39% 25 to 36 months 111,944 16.90% 145,133,354 20.89% 37 to 48 months 45,403 6.85% 75,338,690 10.84% 49 to 60 months 10,232 1.54% 16,307,712 2.35% 61 to 72 months 2,732 0.41% 4,151,089 0.60% More than 72 months 137,202 20.71% 196,987,394 28.35% Weighted Average Account Age 60.0 months Region Total Total ( ) London 102,766 15.51% 100,603,143 14.48% South East 88,312 13.33% 96,819,781 13.94% North West 76,234 11.51% 76,650,355 11.03% East of England 61,295 9.25% 67,067,345 9.65% Scotland 58,510 8.83% 61,730,191 8.89% West Midlands 56,140 8.47% 58,174,838 8.37% South West 51,455 7.77% 55,085,938 7.93% Yorkshire and The Humber 49,153 7.42% 51,537,213 7.42% East Midlands 44,816 6.76% 48,256,124 6.95% Wales 29,947 4.52% 31,825,921 4.58% North East (England) 26,160 3.95% 28,006,217 4.03% Northern Ireland 14,959 2.26% 15,983,853 2.30% Other 2,833 0.43% 3,015,125 0.43% Delinquencies Total Total ( ) Current 603,210 91.04% 626,714,697 90.21% Up to 29 Days 14,371 2.17% 17,804,959 2.56% 30 to 59 Days 10,633 1.60% 12,536,144 1.80% 60 to 89 Days 9,625 1.45% 11,182,898 1.61% 90 to 119 Days 8,214 1.24% 9,280,011 1.34% 120 to 149 Days 8,282 1.25% 9,034,895 1.30% 150 to 179 Days 8,229 1.24% 8,171,050 1.18% Over 180 Days 16 0.00% 31,391 0.00% Payment Behaviour Total Total ( ) Accounts with Minimum Payment Made 145,553 28.75% 235,002,870 34.51% Accounts with Full Payment Made 64,163 12.67% 28,276,602 4.15% Total 209,716 41.42% 263,279,472 38.66% Note: Table only includes accounts with balances outstanding on the previous statement date Brand Total Total ( ) aqua 510,957 77.12% 514,611,219 74.07% marbles 72,512 10.94% 71,750,316 10.33% Opus 79,111 11.94% 108,394,510 15.60%
NEWDAY FUNDING RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT Series 20151 Notes Note Details Series 20151 20151 20151 20151 20151 20151 Class A B C D E F Currency GBP GBP GBP GBP GBP GBP ISIN XS1244057698 XS1244058316 XS1244058589 XS1244058746 XS1244059553 XS1244060304 Fitch/DBRS Rating (Original) AAAsf/AAA(sf) AAsf/AA(high)(sf) Asf/A(high)(sf) BBBsf/BBB(high)(sf) BBsf/BB(high)(sf) Bsf/B(high)(sf) Fitch/DBRS Rating (Current) AAAsf/AAA(sf) AAsf/AA(high)(sf) Asf/A(high)(sf) BBBsf/BBB(high)(sf) BBsf/BB(high)(sf) Bsf/B(high)(sf) Pool Factor (Original) 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 Pool Factor (Current) 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 Pay Frequency Monthly Monthly Monthly Monthly Monthly Monthly Next Distribution Date 15/04/2016 15/04/2016 15/04/2016 15/04/2016 15/04/2016 15/04/2016 Interest Basis 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR Status Revolving Period Revolving Period Revolving Period Revolving Period Revolving Period Revolving Period First Distribution Date 17/08/2015 17/08/2015 17/08/2015 17/08/2015 17/08/2015 17/08/2015 Scheduled Start of Accumulation Period 01/07/2017 01/07/2017 01/07/2017 01/07/2017 01/07/2017 01/07/2017 Scheduled Redemption Date * 15/07/2018 15/07/2018 15/07/2018 15/07/2018 15/07/2018 15/07/2018 Final Redemption Date 15/07/2023 15/07/2023 15/07/2023 15/07/2023 15/07/2023 15/07/2023 Amortisation Type Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet *Subject to extension Current Period Rates Class A Class B Class C Class D Class E Class F Rate 0.50913% 0.50913% 0.50913% 0.50913% 0.50913% 0.50913% Margin 1.00000% 1.55000% 1.95000% 2.50000% 3.50000% 4.50000% AllIn Rate 1.50913% 2.05913% 2.45913% 3.00913% 4.00913% 5.00913% Note Balances Class A Class B Class C Class D Class E Class F Note Size 147,300,000.00 21,600,000.00 31,800,000.00 44,100,000.00 22,800,000.00 15,300,000.00 Interest Due 176,135.26 35,241.50 61,962.01 105,146.90 72,427.23 60,725.44 Interest Paid 176,135.26 35,241.50 61,962.01 105,146.90 72,427.23 60,725.44 Unpaid Interest 0.00 0.00 0.00 0.00 0.00 0.00 NonRating Triggers Minimum Transferor Interest Trust Portfolio Yield Series 20151 Eligible Balance Trust [A] Transferor Interest * 9,250,522.55 [A] Average Portfolio Yield * ** 21.05% [A] Eligible Balance 691,898,057.00 [B] Available Originator VFN Excess Amount * 6,664,357.20 [B] Average Expense Rate ** 6.32% [B] Minimum Aggregate Principal 684,475,004.20 [C] = [A] + [B] 15,914,879.75 Excess Spread [A] [B] ** 14.73% [D] Minimum Transferor Interest (GBP) ** 7,695,404.65 Trigger [C] < [D] Pass Trigger [A] < [B] Pass Trigger [A] < [B] Pass Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event * Average over 30 consecutive days * Includes Investor Defaults ** As 1.11% of Average over the previous 90 days, excluding Cash Available for ** Average over three periods Investment and Credit Balances.
Series 20151 Notes Sources and Application of Funds Source of Funds Series 20151 Application of Available Funds Series 20151 Billed Finance Charges 7,983,691.06 Available Funds 8,644,446.33 Acquired Interchange 90,970.64 Recoveries 568,387.54 Payments: Investment Proceeds 1,397.08 Investor Aggregate Trustee Payment Amount LNI Costs Amount and Issuer Costs Amount 1,652.23 Available Funds 8,644,446.33 LNI Profit Amount and Issuer Profit Amount Investor Servicing Fee 200.00 968,890.08 Further Subscriptions Qualifying Swap Amounts Principal Collections 24,582,334.38 Class A Monthly Distribution Amount & Qualifying Swap Payments 176,135.26 Application of Principal Collections Series 20151 Class B Monthly Distribution Amount Class C Monthly Distribution Amount Class D Monthly Distribution Amount Required Liquidity Reserve Amount topup Class A D Investor Defaults & Chargeoffs Available Principal Collections 24,582,334.38 Class E Monthly Distribution Amount 72,427.23 Additional fund loss make upcharge off 3,157,386.51 Class E Investor Defaults & Chargeoffs 254,465.93 Reallocated Principal Collections Class F Monthly Distribution Amount 60,725.44 Class F Investor Defaults & Chargeoffs 170,760.03 Monthly Principal Amounts OVFN Investor Chargeoffs Shared Principal Collections Required Accumulation Reserve Amount Excess Finance Charges Payments out under Master Cash Settlement Agreement 27,739,720.88 Subordinated Swap Payments Cash Available for Investment Excess Spread 4,004,679.17 35,241.50 61,962.01 105,146.90 2,732,160.54 Trustee Bank Account Ledgers Series 20151 Finance Charge Collections Ledger Principal Collections Ledger Consideration Ledger Liquidity Reserve Ledger Accumulation Reserve Ledger Opening Balance 4,150,000.00 Additional fund loss make upcharge off 3,157,386.51 Collections received 8,644,446.33 24,582,334.38 Payments out under Master Cash Settlement Agreement 6,991,305.64 27,739,720.88 Payments in Payments out Closing Balance 1,653,140.69 4,150,000.00 Required amount (if any) 4,150,000.00
NEWDAY FUNDING RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT Series 20152 Notes Note Details Series 20152 20152 20152 20152 20152 20152 Class A B C D E F Currency GBP GBP GBP GBP GBP GBP ISIN XS1309590161 XS1309592530 XS1309594312 XS1309596523 XS1309613807 XS1309634555 Fitch/DBRS Rating (Original) AAAsf/AAA(sf) AAsf/AA(high)(sf) Asf/A(high)(sf) BBBsf/BBB(high)(sf) BBsf/BB(high)(sf) Bsf/B(high)(sf) Fitch/DBRS Rating (Current) AAAsf/AAA(sf) AAsf/AA(high)(sf) Asf/A(high)(sf) BBBsf/BBB(high)(sf) BBsf/BB(high)(sf) Bsf/B(high)(sf) Pool Factor (Original) 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 Pool Factor (Current) 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 Pay Frequency Monthly Monthly Monthly Monthly Monthly Monthly Next Distribution Date 15/04/2016 15/04/2016 15/04/2016 15/04/2016 15/04/2016 15/04/2016 Interest Basis 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR Status Revolving Period Revolving Period Revolving Period Revolving Period Revolving Period Revolving Period First Distribution Date 15/12/2015 15/12/2015 15/12/2015 15/12/2015 15/12/2015 15/12/2015 Scheduled Start of Accumulation Period 01/11/2018 01/11/2018 01/11/2018 01/11/2018 01/11/2018 01/11/2018 Scheduled Redemption Date * 15/11/2019 15/11/2019 15/11/2019 15/11/2019 15/11/2019 15/11/2019 Final Redemption Date 15/11/2024 15/11/2024 15/11/2024 15/11/2024 15/11/2024 15/11/2024 Amortisation Type Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet *Subject to extension Current Period Rates Class A Class B Class C Class D Class E Class F Rate 0.50913% 0.50913% 0.50913% 0.50913% 0.50913% 0.50913% Margin 1.45000% 2.00000% 2.75000% 3.30000% 4.30000% 5.30000% AllIn Rate 1.95913% 2.50913% 3.25913% 3.80913% 4.80913% 5.80913% Note Balances Class A Class B Class C Class D Class E Class F Note Size 146,700,000.00 21,300,000.00 31,500,000.00 44,100,000.00 22,800,000.00 15,600,000.00 Interest Due 227,724.77 42,346.71 81,344.68 133,100.99 86,879.69 71,804.66 Interest Paid 227,724.77 42,346.71 81,344.68 133,100.99 86,879.69 71,804.66 Unpaid Interest 0.00 0.00 0.00 0.00 0.00 0.00 NonRating Triggers Minimum Transferor Interest Trust Portfolio Yield Series 20152 Eligible Balance Trust [A] Transferor Interest * 9,250,522.55 [A] Average Portfolio Yield * ** 21.09% [A] Eligible Balance 691,898,057.00 [B] Available Originator VFN Excess Amount * 6,664,357.20 [B] Average Expense Rate ** 6.87% [B] Minimum Aggregate Principal 684,475,004.20 [C] = [A] + [B] 15,914,879.75 Excess Spread [A] [B] ** 14.22% [D] Minimum Transferor Interest (GBP) ** 7,695,404.65 Trigger [C] < [D] Pass Trigger [A] < [B] Pass Trigger [A] < [B] Pass Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event * Average over 30 consecutive days * Includes Investor Defaults ** As 1.11% of Average over the previous 90 days, excluding Cash Available for ** Average over three periods Investment and Credit Balances.
Series 20152 Notes Sources and Application of Funds Source of Funds Series 20152 Application of Available Funds Series 20152 Billed Finance Charges 7,958,292.26 Available Funds 8,616,945.44 Acquired Interchange 90,681.24 Recoveries 566,579.31 Payments: Investment Proceeds 1,392.64 Investor Aggregate Trustee Payment Amount LNI Costs Amount and Issuer Costs Amount 1,647.91 Available Funds 8,616,945.44 LNI Profit Amount and Issuer Profit Amount Investor Servicing Fee 200.00 965,807.71 Further Subscriptions Qualifying Swap Amounts Principal Collections 24,504,129.71 Class A Monthly Distribution Amount & Qualifying Swap Payments 227,724.77 Application of Principal Collections Series 20152 42,346.71 81,344.68 133,100.99 2,718,767.60 Available Principal Collections and Further Subscriptions 24,504,129.71 Class E Monthly Distribution Amount 86,879.69 Additional fund loss make upcharge off 3,147,341.80 Class E Investor Defaults & Chargeoffs 254,465.93 Reallocated Principal Collections Class F Monthly Distribution Amount Class F Investor Defaults & Chargeoffs 71,804.66 174,108.27 Monthly Principal Amounts OVFN Investor Charge offs Shared Principal Collections Required Accumulation Reserve Amount Excess Finance Charges Payments out under Master Cash Settlement Agreement 27,651,471.51 Subordinated Swap Payments Issuer Junior Costs 7,224.65 Cash Available for Investment Class B Monthly Distribution Amount Class C Monthly Distribution Amount Class D Monthly Distribution Amount Required Liquidity Reserve Amount topup Class A D Investor Defaults & Chargeoffs Excess Spread 3,851,521.87 Trustee Bank Account Ledgers Series 20152 Finance Charge Collections Ledger Principal Collections Ledger Consideration Ledger Liquidity Reserve Ledger Accumulation Reserve Ledger Opening Balance 4,400,000.00 Additional fund loss make upcharge off 3,147,341.80 Collections received 8,616,945.44 24,504,129.71 Payments out under Master Cash Settlement Agreement 6,824,755.40 27,651,471.51 Payments in Payments out Closing Balance 1,792,190.04 4,400,000.00 Required amount (if any) 4,400,000.00
NEWDAY FUNDING RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT Originator VFN Notes Note Details Originator VFN Originator VFN Components Series Originator VFN Series 20151 Subordination 17,100,000.00 Class N/A Series 20152 Subordination 18,000,000.00 Currency GBP 2015VFN Subordination 15,458,925.68 ISIN N/A Excess Amount 6,664,357.20 Fitch/DBRS Rating (Original) Not Rated Total 57,223,282.88 Fitch/DBRS Rating (Current) Not Rated Pool Factor (Original) 1.00000 Pool Factor (Current) 1.00000 Pay Frequency Monthly Next Distribution Date 15/04/2016 Interest Basis 1mth GBP LIBOR Status Revolving Period First Distribution Date 17/08/2015 Scheduled Start of Accumulation Period N/A Scheduled Redemption Date * 15/07/2024 Final Redemption Date 15/07/2025 Amortisation Type Soft Bullet *Subject to extension Current Period Rates Rate 0.50913% Margin 9.00000% AllIn Rate 9.50913% Note Balances Note Size 57,223,282.88 Interest Due 345,431.42 Interest Paid 345,431.42 Unpaid Interest 0.00 NonRating Triggers Minimum Transferor Interest Trust Eligible Balance Trust [A] Transferor Interest * 9,250,522.55 [A] Eligible Balance 691,898,057.00 [B] Available Originator VFN Excess Amount * 6,664,357.20 [B] Minimum Aggregate Principal 684,475,004.20 [C] = [A] + [B] 15,914,879.75 [D] Minimum Transferor Interest (GBP) ** 7,695,404.65 Trigger [C] < [D] Pass Trigger [A] < [B] Pass Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event * Average over 30 consecutive days * Includes Investor Defaults ** As 1.11% of Average over the previous 90 days, excluding Cash Available for ** Average over three periods Investment, Credit Balances and Cashback *** Portfolio yield is not required to be reported for the first two reporting periods
Originator VFN Notes Sources and Application of Funds Source of Funds Originator VFN Application of Available Funds Originator VFN Billed Finance Charges 1,479,063.91 Acquired Interchange 16,853.28 Available Funds 1,601,475.87 Recoveries 105,299.85 Investment Proceeds 258.82 Payments: Investor Aggregate Trustee Payment Amount Available Funds 1,601,475.87 LNI Costs Amount 252.06 LNI Profit Amount 100.00 Further Subscriptions 4,813,041.01 Investor Servicing Fee 179,497.22 Principal Collections 4,554,139.59 Qualifying Swap Amounts Excess Amount Aggregate Supported Finance Charge Shortfalls Aggregate Supported Defaults & Chargeoffs 584,939.52 Application of Principal Collections Originator VFN Originator VFN Monthly Distribution Amount 345,431.42 Excess Finance Charges Available Principal Collections and Further Subscriptions 9,367,180.60 Subordinated Swap Payments Additional fund loss make upcharge off 584,939.52 Reallocated Principal Collections Excess Spread 491,255.65 Monthly Principal Amounts Shared Principal Collections Payments out under Master Cash Settlement Agreement 9,952,120.12 Cash Available for Investment Trustee Bank Account Ledgers Originator VFN Finance Charge Collections Ledger Principal Collections Ledger Consideration Ledger Opening Balance Additional fund loss make upcharge off 584,939.52 Collections received 1,601,475.87 4,554,139.59 Payments out under Master Cash Settlement Agreement 1,421,626.59 9,952,120.12 Payments in 4,813,041.01 Payments out Closing Balance 179,849.28 Required amount (if any)
NEWDAY FUNDING RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT Series 2015VFN Notes Note Details Series Series 2015VFN 2015VFN Sources and Application of Funds Class N/A Source of Funds Series 2015VFN Currency GBP Billed Finance Charges 1,341,292.51 ISIN N/A Acquired Interchange 15,283.44 Fitch/DBRS Rating (Original) BBBsf/BBB(sf) Recoveries 95,491.41 Fitch/DBRS Rating (Current) BBBsf/BBB(sf) Investment Proceeds 234.72 Pool Factor (Original) 1.00000 Pool Factor (Current) 1.00000 Available Funds 1,452,302.08 Pay Frequency Monthly Next Distribution Date 15/04/2016 Further Subscriptions 21,487,730.00 Interest Basis 1mth GBP LIBOR / CP Rate Principal Collections 4,129,931.97 Status Revolving Period First Distribution Date 17/08/2015 Scheduled Start of Accumulation Period N/A Scheduled Redemption Date * 15/07/2018 Application of Principal Collections Series 2015VFN Final Redemption Date 15/07/2023 Amortisation Type Soft Bullet Available Principal Collections and Further Subscriptions 25,617,661.97 Additional fund loss make upcharge off 530,453.75 *Subject to extension Reallocated Principal Collections Current Period Rates Monthly Principal Amounts Rate 0.25% 0.75% Shared Principal Collections Margin 1.25% 1.75% AllIn Rate 1.50% 2.50% Payments out under Master Cash Settlement Agreement 26,148,115.73 Trustee Bank Account Ledgers Cash Available for Investment 2015VFN Finance Charge Collections Ledger Principal Collections Ledger Consideration Ledger Liquidity Reserve Ledger Accumulation Reserve Ledger Opening Balance 784,217.75 Additional fund loss make upcharge off 530,453.75 Collections received 1,452,302.08 4,129,931.97 Payments out under Master Cash Settlement Agreement 723,672.26 26,148,115.73 Payments in 21,487,730.00 354,547.54 Payments out Closing Balance 728,629.82 1,138,765.30 Required amount (if any) 1,138,765.30 NonRating Triggers Minimum Transferor Interest Series 2015VFN Portfolio Yield Series 2015VFN Eligible Balance Series 2015VFN Trigger Pass Trigger Pass Trigger Pass Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event