VCL 19 - True Sale International
Transcript of VCL 19 - True Sale International
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Deal name: VCL 19
Issuer: VCL Multi-Compartment S.A.
acting on behalf of its Compartment VCL 19
52-54 avenue du X Septembre
L-2550 Luxembourg
Luxembourg
Tel.: +352 2602 491
Fax: +352 2645 9628
Originator of the receivables: Volkswagen Leasing GmbH
Seller of the receivables: VCL Master S.A. acting on behalf of its Compartment 1
Servicer name: Volkswagen Leasing GmbH
Reporting entity: Volkswagen Leasing GmbH
ABS Operations
Käferweg, 4 Building E
38112 Braunschweig
Federal Republic of Germany
Contact: Tel.: +49 531 212 87510
Fax: +49 531 212 77540
Email: [email protected]
Corporate service provider: Wilmington Trust SP Services
(Luxembourg) S.A.
52-54 avenue du X Septembre
L-2550 Luxembourg
Luxembourg
Tel.: +352 2602 491
Fax: +352 2645 9628
Email: [email protected]
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 1 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Contents
Page Table of contents1 Cover
2 Index
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 otes II
10 Credit enhancement
11 Swap fixing / Waterfall
12 Retention
13 Amortisation profile I
14 Amortisation profile II
15 Run out schedule I
16 Run out schedule II
17 Outstanding contracts
18 Delinquencies & defaults I
19 Delinquencies & defaults II
20 Delinquencies & defaults III
21 Write-offs
22 Pool data I
23 Pool data II
24 Pool data III
25 Pool data IV
26 Pool data V
27 Pool data VI
28 Lease level data
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 2 / 29
Publication date: 18.08.2014
Period: 31.07.2014 / Period no. 6
Index
Reporting details
Deal overview
Cut-Off-Date 31.01.2014 Publication date:
Scheduled date of Clean-Up-
Call10.2016 Payment date:
Legal final maturity date 11.2019 Reporting date:
Issue date 25.02.2014 Asset collection period:
Period no.: 6 Interest accrual period:
Reporting frequency: monthly Note payment period:
Next payment date: 22.09.2014 Days accrued:
Type of car at pool cutNumber of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage outstanding
discounted balance
New cars 67.385 95,33% 711.739.284,07 € 94,90%
Used cars 1.373 1,94% 14.955.995,82 € 1,99%
Demonstration cars 1.927 2,73% 23.309.898,39 € 3,11%
Total 70.685 100,00% 750.005.178,28 € 100,00%
Type of product at pool cutNumber of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage outstanding
discounted balance
Closed end contract 69.681 98,58% 740.098.544,77 € 98,68%
Open end lease contract 1.004 1,42% 9.906.633,51 € 1,32%
Total 70.685 100,00% 750.005.178,28 100,00%
31
18.08.2014 (16th of each month)
31.07.2014 (last day of each month)
from 01.07.2014 until 31.07.2014
from 21.07.2014 until 21.08.2014
from 21.07.2014 until 21.08.2014
21.08.2014 (21st of each month)
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 3 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Parties overview
Lead manger: Barclays Bank PLC Wilmington Trust SP
Attn.: Debt Syndicate Services (Frankfurt) GmbH
5 The North Colonnade Steinweg 3-5
Canary Wharf 60313 Frankfurt am Main
London E14 4BB Germany
United Kingdom Fax +49 69 9288 495 20
Tel.: +44 20 7773 9098 Tel.: +49 069 9288 495 22
Fax: +44 20 7516 7548 Email: [email protected]
Commerzbank Aktiengesellschaft
Attn.: Group Legal Debt Securities
Kaiserstraße 16 (Kaiserplatz)
60311 Frankfurt am Main
Germany
Tel.: +49 69 136 89546
Fax: +49 69 136 85719
Paying agent/ The Bank of New York Mellon Data protection Volkswagen Bank GmbH
Calculation agent/ London Branch trustee: Gifhorner Straße 57
Interest determination agent: One Canada Square 38112 Braunschweig
London E145 AL Germany
United Kingdom Fax: +49 531 212 7 23 67
Attn.: Corporate Trust Administration Tel.: +49 531 212 85257
Fax: 44 20 7964 4637 Email: [email protected]
Account bank: The Bank of New York Mellon, Frankfurt BranchClearing systems:
Clearstream Banking S.A.
Messe Turm Luxembourg, 42 Avenue JF Kennedy
Friedrich-Ebert-Anlage 49/40th Floor/E77-40A0 L-1885 Luxembourg
60327 Frankfurt am Main Luxembourg
Germany Email: [email protected]
Attn.: Corporate Trust Manager / VCL 19
Tel.: +49 69 12014 1000 Euroclear Bank S.A./N.V.
Fax: +49 69 12014 1687 1 Boulevard du Roi Albert II
B-1210 Brussels
Belgium
Tel.: +32 2 326 1211
Swap counterparty: The Bank of Nova Scotia Corporate servicer Wilmington Trust SP Services
Attn.: Global Capital Markets Documentation provider: (Luxembourg) S.A.
40 King Street West 52-54 avenue du X Septembre
Scotia Plaza, 55th Floor L-2550 Luxembourg
Toronto, Ontario Luxembourg
Canada M5H 1H1 Fax: +352 2645 9628
Tel.: (416) 866-6613 Tel.: +352 2602 491
Fax: (416) 350-1187 Email: [email protected]
Servicer: Volkswagen Leasing GmbH Rating agencies: Fitch Ratings Ltd
Gifhorner Str. 57 30 The North Colonnade
38112 Braunschweig London E14 5GN
Germany United Kingdom
Fax + 49 531 212 77540 Fax: 49 (0)69 768076 230
Tel.: +49 531 212 84952 E-mail: [email protected]
Email: [email protected]
Moody's Deutschland GmbH
Attn.: Monitoring
An der Welle 5
60322 Frankfurt am Main
Germany
Fax: +49 69 7073 0831
E-mail: [email protected]
DBRS Ratings Limited
Attn: Alexander Garrod
1 Minster Court
10th Floor Mincing Lane
London, EC3R 7AA
United Kingdom
Fax: +44 203 137 5129
E-mail: [email protected]
Security trustee/
Process agent:
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 4 / 29
Publication date: 18.08.2014
Period: 07.YYY / Period no. 6
Index
Transaction events I
Clean-Up-Call
79,11%
10,00%
Repurchase of receivables Number of contractsPercentage of
contracts
Outstanding discounted
balance
Percentage of outstanding
discounted balanceRe-Purchase price
Current period - - - - -
Previous periods - - - - -
Total - - - - -
Transaction party replacements
Capacity of transaction party Date of replacementReason for
replacementReplaced party Replaced by
Clean-Up-Call condition
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).
Percentage of current outstanding discounted portfolio
Min. percentage of outstanding discounted portfolio The Clean-Up-Call condition is planned to be reached in Okt 2016.
Volkswagen Leasing GmbH will have the right at its option to exercise a Clean-Up-Call and to repurchase the lease receivables from VCL 19 at any time when the sum of the
outstanding discounted balances for all lease contracts is less than 10% of the sum of the outstanding discounted balances for all lease contracts as of the Cut-Off-Date,
provided that all payment obligations under the notes will be thereby fulfilled.
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 5 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Transaction events II
NO
NO
NO
Cumulative net losses Number of contractsWrite-Off
amountWrite-Offs registered in
current period1 2.694,36 €
Write-Offs contracts incl.
current period2 6.124,04 €
6.124,04 €
750.005.178,28 €
0,00082%
Outstanding discounted balance as of Cut-Off-Date
Cumulative net loss ratio as percentage divided by the discounted balance at pool cut
Credit enhancement increase conditionsLevel 1a credit enhancement increase condition - Cumulative Write-Offs do not amount to 0,50% for any payment
date before and incl. 05.2015
Level 1b credit enhancement increase condition -Cumulative Write-Offs do not amount to 1,15% for any payment
date between 06.2015 and incl. 02.2016
Level 2 credit enhancement increase condition - Cumulative Write-Offs do not amount to 1,60% for any payment
date
Cumulative Write-Offs as of the end of the monthly period
0,0
00
00
%
0,0
00
00
%
0,0
00
00
%
0,0
00
00
%
0,0
00
46
%
0,0
00
46
%
0,0
00
82
%
0,00%
0,25%
0,50%
0,75%
1,00%
1,25%
1,50%
1,75%
2,00%
01
.20
14
03
.20
14
05
.20
14
07
.20
14
09
.20
14
11
.20
14
01
.20
15
03
.20
15
05
.20
15
07
.20
15
09
.20
15
11
.20
15
01
.20
16
03
.20
16
05
.20
16
07
.20
16
09
.20
16
11
.20
16
01
.20
17
03
.20
17
05
.20
17
07
.20
17
09
.20
17
11
.20
17
01
.20
18
03
.20
18
05
.20
18
07
.20
18
09
.20
18
in %
Reporting period
Cumulative net losses in percent of initial pool
Cumulative Net Loss Ratio Level 1a/b Level 2
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 6 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Transaction events III
Account bank:
The Bank of New York Mellon Long term Short term Outlook Long term Short term Outlook Long term Short term OutlookCurrent rating* A1 P-1 Stable AA R-1 (middle) stable AA- F1+ Stable
Minimum required rating
(if no short term rating available, the higher long
term rating is applicable)
A2 P-1 Stable A R-1 stable A F1 Stable
BNY Mellon Required rating: FulfilledSwap counterparty
Scotiabank Long term Short term Outlook Long term Short term Outlook Long term Short term OutlookCurrent rating* Aa2 P-1 Negative n.a. R-1 (high) stable AA- F1+ Stable
Bank of Nova Scotia
Minimum required rating A3 - A - A F1
(if no short term rating available, the higher long term
rating is applicable)
Required rating: Fulfilled
*Ratings last updated on 01/08/2014
Fitch
Fitch
Moody's DBRS
Moody's DBRS
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 7 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Information regarding the notes I
Rating at issue date Class A Class B
Moody's Aaa(sf) A1(sf)
Fitch AAA(sf) AA-(sf)
DBRS AAA(sf) A high(sf)
Current rating Class A Class B
Moody's Aaa(sf) A1(sf)
Fitch AAA(sf) AA-(sf)
DBRS AAA(sf) A high(sf)
Information on notes Class A Class B
Legal final maturity date Nov 2019 Nov 2019
Scheduled Clean-Up-Call Okt 2016 Okt 2016
ISIN: XS1022746959 XS1022763533
Common code: 102274695 102276353
Nominal amount 100.000,00 € 100.000,00 €
Information on interest Class A Class B
Spread/ Margin 35 bps 68 bps
Index rate 1-Month-Euribor 1-Month-Euribor
Fixed/Floating floating floating
Current coupon 0,441% 0,771%
Day count convention actual/360 actual/360
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 8 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Information regarding the notes II
Monthly period:
Payment date:
Interest accrual period (from/until)
Days accrued
Index rate
Base interest rate:
Day count convention
Interest payments Class A Class B
Total interest amount of the reporting period 215.148,75 € 14.938,13 €
Paid interest 215.148,75 € 14.938,13 €
Unpaid interest Class A Class B
Unpaid interest of the reporting period 0,00 € 0,00 €
Cumulative unpaid interest 0,00 € 0,00 €
Note balance Class A Class B
Note balance as of cut of date 697.500.000,00 € 22.500.000,00 €
Note balance as of the beginning of the period 566.553.651,75 € 22.500.000,00 €
Redemption amount per class -25.982.433,00 € 0,00 €
Class balance as of the end of the period 540.571.218,75 € 22.500.000,00 €
Payments to investors per note Class A Class B
Interest 30,85 € 66,39 €
Principal repayment by note 3.725,08 € 0,00 €
Number of notes 6.975 225
Note factor 0,775013 1,000000
Overcollateralisation Class A Class B
Initial OC percentage at poolcut 7,0006% 4,0007%
Current OC percentage 8,8920% 5,0999%
Target OC percentage 12,2500% 7,5000%
Subordinated loan - -2
Balance as of the beginning of the period 19.688.920,70 €
Redemption 0,00 €
Capitalization of interest 35.451,54 €
Balance as of the end of the period 19.724.372,24 €
0,091%
actual/360
07.2014
21.08.2014
21.07.2014 until 21.08.2014
31
1-Month-Euribor
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Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Credit enhancement
Credit enhancement as of Cut-off-Date% of aggregate outstanding
discounted balanceValue
Class B note* 3,00% 22.500.000,00 €
Subordinated loan 2,80% 21.005.178,28 €
Overcollateralization 1,20% 9.000.000,00 €
Cash collateral account 1,20% 9.000.000,00 €
Cash collateral account (CCA) in EURin Percentage of outstanding
discounted balance as of
Initial balance at poolcut 9.000.000,00 € 1,200%
Thereof general cash reserve 9.000.000,00 € 1,200%
Thereof german trade tax risk reserve 0,00 € 0,000%
Targeted balance (Floor)
Thereof general cash reserve 7.500.000,00 € 1,000%
Thereof german trade tax risk reserve 0,00 € 0,000%
Balance as of the beginning of the period 7.500.000,00 € 1,000%
Payment from CCA 0,00 € -
Payment to CCA 0,00 € -
Balance as of the end of the period 7.500.000,00 € 1,000%
Thereof general cash reserve 7.500.000,00 € 1,000%
Thereof german trade tax risk reserve 0,00 € 0,000%
Accrued interest 1.902,24 € -
Calculation of credit enhancement
Set off risk
There is no set off risk applicable.
Initially, VCL 19's credit enhancement consists of the respective note issue in comparison to the outstanding discounted balance
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 12,25% for Class A
(7,5% for Class B) has been reached. However, if an enforcement 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 12,25% for the class A notes and 7,5% for the class B notes has been reached.
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 10 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Swap fixing / Waterfall
Amortising interest rate swap Class A Class B
Initial principal 697.500.000,00 € 22.500.000,00 €
Underlying principal for reporting period 566.553.651,75 € 22.500.000,00 €
Paying leg Fix interest rate Fix interest rate
Receiving leg Floating interest rate Floating interest rate
Net swap payments / Net swap receipts 44.521,67 € 1.749,37 €
Available distribution amount calculation Payment to waterfall position Remaining amount
Available collections amount 28.872.029,09 € 28.872.029,09 €
Buffer release amount -2.091.846,27 € 26.780.182,82 €
Net swap receipt class A 0,00 € 26.780.182,82 €
Net swap receipt class B 0,00 € 26.780.182,82 €
Purchase price amount 0,00 € 26.780.182,82 €
Accumulation account interest 0,00 € 26.780.182,82 €
Remaining rounding amount (Previous period) 58,14 € 26.780.240,96 €
Waterfall Payment to waterfall position Remaining amount
Available distribution amount - 26.780.240,96 €
1) Taxes -78,77 € 26.780.162,19 €
2) Payment to security trustee 0,00 € 26.780.162,19 €
3) Servicing fee -516.060,24 € 26.264.101,95 €
4) Payment in respect of fees -5.310,00 € 26.258.791,95 €
5.i) Net swap payment class A -44.521,67 € 26.214.270,28 €
5.ii) Net swap payment class B -1.749,37 € 26.212.520,91 €
6) Interest payment class A -215.148,75 € 25.997.372,16 €
7) Interest payment class B -14.938,13 € 25.982.434,03 €
8) Payment to cash collateral account 0,00 € 25.982.434,03 €
9) Payment to CCA due to german trade tax increase event 0,00 € 25.982.434,03 €
10) Redemption class A -25.982.433,00 € 1,03 €
11) Redemption class B 0,00 € 1,03 €
Remaining rounding amount (Current period) -1,03 € 0,00 €
12) Other payment to swap counterparties 0,00 € 0,00 €
13) Accrued and unpaid interest on the subordinated loan 0,00 € 0,00 €
14) Redemption subordinated loan 0,00 € 0,00 €
15) 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 €
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 11 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Retention of net economic interest
Retention amount at poolcut
Type of assetNumber of
contracts
Percentage of
contracts
Outstanding
nominal balance
Percentage of
nominal balance
Portfolio sold to SPV 70.685 92,15% 809.359.696,13 € 92,50%
Retention of VW Leasing 6.024 7,85% 65.631.408,14 € 7,50%
Total 76.709 100,00% 874.991.104,27 € 100,00%
Retention amounts - -2
Minimum retention 42.597.878,74 € 5,00%
Actual retention 65.631.408,14 € 7,50%
Retention amount end of reporting period
Type of assetNumber of
contracts
Percentage of
contracts
Outstanding
nominal balance
Percentage of
nominal balance
Portfolio sold to SPV 68.904 92,22% 632.756.098,52 € 92,59%
Retention of VW Leasing 5.812 7,78% 50.647.943,69 € 7,41%
Total 74.716 100,00% 683.404.042,21 € 100,00%
Retention amounts - -2
Minimum retention 33.302.952,55 € 5,00%
Actual retention 50.647.943,69 € 7,41%
article 405 Abs. 1 c CRR.
By adhering to option c) of the direction, Volkwagen Leasing GmbH 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.
In its capacity as originator and original lender, Volkswagen Leasing GmbH complies
with the retention requirements of a material net economic interest in accordance with
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 12 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Amortisation profile I
Note class
WAL At closing: 1,23 yrs Currently: 1,04 yrs At closing: 1,76 yrs Currently: 1,30 yrs
Payment date Actual note balanceForecasted note
balance
Actual note
balance2Forecasted note balance2
Poolcut 697.500.000,00 € - 22.500.000,00 € -
03.2014 671.451.932,25 € - 22.500.000,00 € -
04.2014 644.975.529,75 € - 22.500.000,00 € -
05.2014 618.730.976,25 € - 22.500.000,00 € -
06.2014 592.407.326,25 € - 22.500.000,00 € -
07.2014 566.553.651,75 € - 22.500.000,00 € -
08.2014 540.571.218,75 € - 22.500.000,00 € -
09.2014 - 513.338.935,32 € - 22.500.000,00 €
10.2014 - 486.409.075,12 € - 22.500.000,00 €
11.2014 - 459.754.541,72 € - 22.500.000,00 €
12.2014 - 433.410.521,85 € - 22.500.000,00 €
01.2015 - 407.273.744,38 € - 22.500.000,00 €
02.2015 - 381.387.528,86 € - 22.500.000,00 €
03.2015 - 358.671.088,66 € - 19.736.951,64 €
04.2015 - 336.664.757,99 € - 18.224.018,24 €
05.2015 - 315.020.388,82 € - 17.052.385,72 €
06.2015 - 293.756.198,42 € - 15.901.332,68 €
07.2015 - 272.847.335,58 € - 14.769.513,89 €
08.2015 - 252.341.416,58 € - 13.659.506,88 €
09.2015 - 232.459.660,44 € - 12.583.286,46 €
10.2015 - 213.191.257,57 € - 11.540.267,50 €
11.2015 - 194.630.238,66 € - 10.535.539,98 €
12.2015 - 176.746.871,69 € - 9.567.494,48 €
01.2016 - 159.329.869,15 € - 8.624.693,77 €
02.2016 - 142.544.541,51 € - 7.716.086,29 €
03.2016 - 126.591.553,67 € - 6.852.534,24 €
04.2016 - 111.678.338,55 € - 6.045.266,19 €
05.2016 - 97.836.616,08 € - 5.295.999,16 €
06.2016 - 85.014.394,24 € - 4.601.918,78 €
07.2016 - 73.170.772,79 € - 3.960.811,06 €
08.2016 - 62.340.646,59 € - 3.454.762,12 €
09.2016 - 51.573.332,67 € - 3.450.152,26 €
10.2016 - 0,00 € - 0,00 €
11.2016 - 0,00 € - 0,00 €
Based on the following assumptions: CPR of 5% and Clean-Up-Call at 10% of the outstanding portfolio.
Class A Class B
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Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Amortisation profile II
0
5.000.000
10.000.000
15.000.000
20.000.000
25.000.000
30.000.000
35.000.000
Reporting period
Outstanding balance in EUR
Amortisation profile class B-Notes
Actual Amort. B-Notes Expected Amort. B-Notes
Assuming a Clean-Up Call at 10% of the initial outstanding, annual prepayments of 5% and 0% defaults
0
100.000.000
200.000.000
300.000.000
400.000.000
500.000.000
600.000.000
700.000.000
800.000.000
Reporting period
Outstanding balance in EUR
Amortisation profile class A-Notes
Actual Amort. A-Notes Expected Amort. A-Notes
Assuming a Clean-Up Call at 10% of the initial outstanding, annual prepayments of 5% and 0% defaults
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Publication date: 18.08.2014
Period: 07.2014 / Period no. 6Index
Run out schedule I
Payment period Principal Interest Instalment
arrears 499.475,51 € 55.863,04 € 555.338,55 €
08.2014 24.758.130,61 € 2.816.744,34 € 27.574.874,95 €
09.2014 24.702.242,44 € 2.699.111,09 € 27.401.353,53 €
10.2014 24.621.463,35 € 2.581.742,87 € 27.203.206,22 €
11.2014 24.550.460,51 € 2.464.756,38 € 27.015.216,89 €
12.2014 24.536.740,28 € 2.348.109,70 € 26.884.849,98 €
01.2015 24.500.034,78 € 2.231.525,90 € 26.731.560,68 €
02.2015 24.359.420,38 € 2.115.118,15 € 26.474.538,53 €
03.2015 24.126.451,09 € 1.999.377,47 € 26.125.828,56 €
04.2015 23.912.559,48 € 1.884.745,52 € 25.797.305,00 €
05.2015 23.672.909,20 € 1.771.128,48 € 25.444.037,68 €
06.2015 23.458.490,62 € 1.658.650,28 € 25.117.140,90 €
07.2015 23.182.912,70 € 1.547.190,53 € 24.730.103,23 €
08.2015 22.636.192,28 € 1.437.039,27 € 24.073.231,55 €
09.2015 22.094.211,63 € 1.329.487,98 € 23.423.699,61 €
10.2015 21.429.839,34 € 1.224.509,94 € 22.654.349,28 €
11.2015 20.791.941,60 € 1.122.689,66 € 21.914.631,26 €
12.2015 20.403.360,02 € 1.023.899,23 € 21.427.259,25 €
01.2016 19.805.338,27 € 926.955,65 € 20.732.293,92 €
02.2016 18.950.675,29 € 832.854,69 € 19.783.529,98 €
03.2016 17.826.651,92 € 742.812,65 € 18.569.464,57 €
04.2016 16.647.617,38 € 658.111,43 € 17.305.728,81 €
05.2016 15.517.475,24 € 579.013,14 € 16.096.488,38 €
06.2016 14.423.264,43 € 505.284,49 € 14.928.548,92 €
07.2016 13.174.117,92 € 436.754,84 € 13.610.872,76 €
08.2016 11.634.235,75 € 374.159,52 € 12.008.395,27 €
09.2016 9.739.686,22 € 318.882,40 € 10.058.568,62 €
10.2016 7.471.124,90 € 272.604,34 € 7.743.729,24 €
11.2016 5.681.979,91 € 237.107,20 € 5.919.087,11 €
12.2016 5.513.725,06 € 210.110,50 € 5.723.835,56 €
01.2017 5.261.057,04 € 183.913,00 € 5.444.970,04 €
02.2017 4.953.750,57 € 158.915,85 € 5.112.666,42 €
03.2017 4.578.135,52 € 135.378,77 € 4.713.514,29 €
04.2017 4.153.271,06 € 113.626,31 € 4.266.897,37 €
05.2017 3.776.463,24 € 93.893,01 € 3.870.356,25 €
06.2017 3.434.323,32 € 75.949,13 € 3.510.272,45 €
07.2017 3.029.711,24 € 59.631,87 € 3.089.343,11 €
08.2017 2.506.861,96 € 45.236,45 € 2.552.098,41 €
09.2017 1.860.462,26 € 33.325,18 € 1.893.787,44 €
10.2017 1.136.531,15 € 24.485,78 € 1.161.016,93 €
11.2017 540.519,74 € 19.085,85 € 559.605,59 €
12.2017 517.760,77 € 16.517,45 € 534.278,22 €
01.2018 487.563,08 € 14.057,19 € 501.620,27 €
02.2018 451.110,88 € 11.741,00 € 462.851,88 €
03.2018 411.556,36 € 9.597,57 € 421.153,93 €
04.2018 365.215,51 € 7.641,99 € 372.857,50 €
05.2018 314.139,05 € 5.907,02 € 320.046,07 €
06.2018 286.618,12 € 4.414,43 € 291.032,55 €
07.2018 243.754,90 € 3.052,35 € 246.807,25 €
08.2018 195.751,45 € 1.894,27 € 197.645,72 €
09.2018 138.575,36 € 964,13 € 139.539,49 €
10.2018 64.362,65 € 305,90 € 64.668,55 €
11.2018 0,00 € 0,00 € 0,00 €
Total 593.330.223,34 € 39.425.875,18 € 632.756.098,52 €
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 15 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Run out schedule II
0
200.000.000
400.000.000
600.000.000
800.000.000
1.000.000.000
01
.20
14
03
.20
14
05
.20
14
07
.20
14
09
.20
14
11
.20
14
01
.20
15
03
.20
15
05
.20
15
07
.20
15
09
.20
15
11
.20
15
01
.20
16
03
.20
16
05
.20
16
07
.20
16
09
.20
16
11
.20
16
01
.20
17
03
.20
17
05
.20
17
07
.20
17
09
.20
17
11
.20
17
01
.20
18
03
.20
18
05
.20
18
07
.20
18
09
.20
18Reporting
period
Outstanding balance in EUR
Expected amortisation of the outstanding discounted Asset-Portfolio
Expected Outstanding Discounted Asset-Portfolio Actual Outstanding Discounted Asset-Portfolio
The expected Portfolio amortisation is solely based on the scheduled payments according to rental plan, no assumptions on prepayments or defaults are made.
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 16 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Outstanding contracts
Collections by source - Collections
Paid instalments of monthly period - 27.569.199,76 €
therof capital - 24.654.147,57 €
therof interest - 2.915.052,19 €
Paid instalments of previous periods - 207.506,75 €
Early settlements - 1.095.322,58 €
Total - 28.872.029,09 €
Collections by statusNumber of
contractsCollections
Current 68.161 27.458.888,84 €
Delinquent 585 185.837,84 €
Default 158 29.246,66 €
End of Term 870 163.852,06 €
Early Settlement 909 1.032.815,69 €
Write-Off * 2 1.388,00 €
Total 70.685 28.872.029,09 €
Contract status development INumber of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balanceCurrent 70.685 750.005.178,28 € 67.385 711.739.284,07 € 1.373 14.955.995,82 € 1.927 23.309.898,39 € 52.131 567.778.199,08 € 18.554 182.226.979,20 €
Delinquent 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
Default 0 0,00 € 0 0,00 € 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 €
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 €
Total 70.685 750.005.178,28 € 67.385 711.739.284,07 € 1.373 14.955.995,82 € 1.927 23.309.898,39 € 52.131 567.778.199,08 € 18.554 182.226.979,20 €
Contract status development IINumber of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balanceCurrent 68.161 586.593.342,88 € 65.047 557.123.403,50 € 1.266 11.277.127,72 € 1.848 18.192.811,66 € 50.349 445.258.425,81 € 17.812 141.334.917,07 €
Delinquent 585 5.075.697,44 € 546 4.647.654,63 € 23 261.114,99 € 16 166.927,82 € 364 3.487.472,26 € 221 1.588.225,18 €
Default 158 1.661.183,02 € 139 1.425.751,09 € 5 68.305,41 € 14 167.126,52 € 127 1.362.017,93 € 31 299.165,09 €
End of Term 870 0,00 € 822 0,00 € 33 0,00 € 15 0,00 € 405 0,00 € 465 0,00 €
Early Settlement 909 0,00 € 830 0,00 € 46 0,00 € 33 0,00 € 543 0,00 € 366 0,00 €
Write-Off 2 0,00 € 1 0,00 € 0 0,00 € 1 0,00 € 2 0,00 € 0 0,00 €
Total 70.685 593.330.223,34 € 67.385 563.196.809,22 € 1.373 11.606.548,12 € 1.927 18.526.866,00 € 51.790 450.107.916,00 € 18.895 143.222.307,34 €
3 4 5 6 7 8 9 10 13 14 17 18
Contract status as of the begin of the periodNumber of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balanceCurrent 67.875 584.017.913,08 € 249 2.310.989,48 € 13 117.112,57 € 344 0,00 € 132 0,00 € 0 0,00 €
Delinquent 281 2.542.752,00 € 320 2.699.778,94 € 44 496.252,11 € 3 0,00 € 5 0,00 € 1 0,00 €
Default 5 32.677,80 € 15 64.382,62 € 101 1.047.818,34 € 0 0,00 € 0 0,00 € 0 0,00 €
End of Term 0 0,00 € 1 546,40 € 0 0,00 € 523 0,00 € 2 0,00 € 0 0,00 €
Early Settlement 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 770 0,00 € 0 0,00 €
Write-Off 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 1 0,00 €
Total 68.161 586.593.342,88 € 585 5.075.697,44 € 158 1.661.183,02 € 870 0,00 € 909 0,00 € 2 0,00 €
* Prior to write-off during reporting month.
Contract status developement IIIContract status as of the end of the Current period
Current Delinquent Default End of term Early settlement Write-Off
Total portfolio as of current reporting periodType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Total portfolio as of pool cut dateType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 17 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Delinquencies & defaults I
Days in arrearsNumber of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balanceDelinquent early settlements 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
> 30 <= 60 337 0,49% 3.068.896,89 € 0,52% 316 2.882.701,97 € 13 117.662,12 € 8 68.532,80 € 194 1.882.704,78 € 143 1.186.192,11 €
> 60 <= 90 152 0,22% 1.156.620,95 € 0,19% 143 1.070.291,65 € 6 60.064,86 € 3 26.264,44 € 93 924.596,57 € 59 232.024,38 €
> 90 <= 120 39 0,06% 396.958,35 € 0,07% 33 291.051,53 € 2 38.632,60 € 4 67.274,22 € 28 296.830,08 € 11 100.128,27 €
> 120 <= 150 20 0,03% 224.156,32 € 0,04% 17 174.544,55 € 2 44.755,41 € 1 4.856,36 € 17 197.009,40 € 3 27.146,92 €
> 150 <= 180 19 0,03% 137.642,22 € 0,02% 19 137.642,22 € 0 0,00 € 0 0,00 € 15 105.453,37 € 4 32.188,85 €
> 180 <= 210 17 0,02% 88.695,36 € 0,01% 17 88.695,36 € 0 0,00 € 0 0,00 € 16 78.150,71 € 1 10.544,65 €
> 210 <=240 1 0,00% 2.727,35 € 0,00% 1 2.727,35 € 0 0,00 € 0 0,00 € 1 2.727,35 € 0 0,00 €
> 240 <= 270 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
> 270 <= 300 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
> 300 <= 330 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
> 330 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
Total 585 0,85% 5.075.697,44 € 0,86% 546 4.647.654,63 € 23 261.114,99 € 16 166.927,82 € 364 3.487.472,26 € 221 1.588.225,18 €
Delinquent contractsType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
€0
€1.000.000
€2.000.000
€3.000.000
€4.000.000
€5.000.000
€6.000.000
€7.000.000
€8.000.000
€9.000.000
€10.000.000
Delinquent early settlements > 30 <= 60 > 60 <= 90 > 90 <= 120 > 120 <= 150 > 150 <= 180> 180 <= 210 > 210 <=240 > 240 <= 270 > 270 <= 300 > 300 <= 330 > 330
Delinquencies I - Outstanding discounted balance of delinquent contracts
Reporting period
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 18 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Delinquencies & defaults II
Days in arrearsNumber of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage of
outstanding
discounted balance
Outstanding
discounted balance at
day of default
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balanceDelinquent early settlements 17 0,02% 169.538,84 € 0,03% 188.782,02 € 16 159.666,58 € 0 0,00 € 1 9.872,26 € 12 123.541,59 € 5 45.997,25 €
> 30 <= 60 18 0,03% 177.312,60 € 0,03% 181.628,40 € 14 142.636,32 € 2 16.584,58 € 2 18.091,70 € 14 145.332,13 € 4 31.980,47 €
> 60 <= 90 22 0,03% 223.796,83 € 0,04% 225.194,19 € 18 187.725,39 € 1 13.802,59 € 3 22.268,85 € 22 223.796,83 € 0 0,00 €
> 90 <= 120 41 0,06% 394.305,95 € 0,07% 396.882,19 € 37 333.596,56 € 1 13.602,60 € 3 47.106,79 € 26 234.989,11 € 15 159.316,84 €
> 120 <= 150 29 0,04% 291.967,13 € 0,05% 295.395,99 € 25 235.558,33 € 1 24.315,64 € 3 32.093,16 € 25 254.369,70 € 4 37.597,43 €
> 150 <= 180 18 0,03% 239.197,31 € 0,04% 257.867,78 € 17 233.193,61 € 0 0,00 € 1 6.003,70 € 17 232.009,63 € 1 7.187,68 €
> 180 <= 210 13 0,02% 165.064,36 € 0,03% 173.329,55 € 12 133.374,30 € 0 0,00 € 1 31.690,06 € 11 147.978,94 € 2 17.085,42 €
> 210 <=240 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
> 240 <= 270 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
> 270 <= 300 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
> 300 <= 330 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
> 330 0 0,00% 0,00 € 0,00% 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
Total 158 0,23% 1.661.183,02 € 0,28% 1.719.080,12 € 139 1.425.751,09 € 5 68.305,41 € 14 167.126,52 € 127 1.362.017,93 € 31 299.165,09 €
Defaulted contractsType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
€0
€500.000
€1.000.000
€1.500.000
€2.000.000
€2.500.000
€3.000.000
Delinquent early settlements > 30 <= 60 > 60 <= 90 > 90 <= 120 > 120 <= 150 > 150 <= 180 > 180 <= 210 > 210 <=240 > 240 <= 270 > 270 <= 300 > 300 <= 330 > 330
Delinquencies II - Outstanding discounted balance of default contracts
Reporting period
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 19 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Delinquencies & defaults III
Days in arrearsNumber of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balanceDelinquent early settlements 17 0,02% 169.538,84 € 0,03% 16 159.666,58 € 0 0,00 € 1 9.872,26 € 12 123.541,59 € 5 45.997,25 €> 30 <= 60 355 0,52% 3.246.209,49 € 0,55% 330 3.025.338,29 € 15 134.246,70 € 10 86.624,50 € 208 2.028.036,91 € 147 1.218.172,58 €> 60 <= 90 174 0,25% 1.380.417,78 € 0,23% 161 1.258.017,04 € 7 73.867,45 € 6 48.533,29 € 115 1.148.393,40 € 59 232.024,38 €> 90 <= 120 80 0,12% 791.264,30 € 0,13% 70 624.648,09 € 3 52.235,20 € 7 114.381,01 € 54 531.819,19 € 26 259.445,11 €> 120 <= 150 49 0,07% 516.123,45 € 0,09% 42 410.102,88 € 3 69.071,05 € 4 36.949,52 € 42 451.379,10 € 7 64.744,35 €> 150 <= 180 37 0,05% 376.839,53 € 0,06% 36 370.835,83 € 0 0,00 € 1 6.003,70 € 32 337.463,00 € 5 39.376,53 €> 180 <= 210 30 0,04% 253.759,72 € 0,04% 29 222.069,66 € 0 0,00 € 1 31.690,06 € 27 226.129,65 € 3 27.630,07 €> 210 <=240 1 0,00% 2.727,35 € 0,00% 1 2.727,35 € 0 0,00 € 0 0,00 € 1 2.727,35 € 0 0,00 €> 240 <= 270 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €> 270 <= 300 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €> 300 <= 330 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €> 330 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
Total 743 1,08% 6.736.880,46 € 1,14% 685 6.073.405,72 € 28 329.420,40 € 30 334.054,34 € 491 4.849.490,19 € 252 1.887.390,27 €
Delinquent and defaulted contractsCustomer type
Retail CorporateNew vehicle Used vehicle Demonstration vehicleType of car
€0
€1.000.000
€2.000.000
€3.000.000
€4.000.000
€5.000.000
€6.000.000
€7.000.000
€8.000.000
€9.000.000
€10.000.000
Delinquent early settlements > 30 <= 60 > 60 <= 90 > 90 <= 120 > 120 <= 150 > 150 <= 180 > 180 <= 210 > 210 <=240 > 240 <= 270 > 270 <= 300 > 300 <= 330 > 330
Delinquencies III - Outstanding discounted balance of delinquent and default contracts
Reporting period
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 20 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Write-Offs
Write-Offs of the
monthly periodNumber of contracts Amount
31.07.2014 1 2.694,36 €
6.124,04 €
750.005.178,28 €
0,00082%
Monthly period Number of contracts Write-Offs Number of contracts Write-Offs
28.02.2014 0 0,00 € 0 0,00 €
31.03.2014 0 0,00 € 0 0,00 €
30.04.2014 0 0,00 € 0 0,00 €
31.05.2014 1 3.429,68 € 1 3.429,68 €
30.06.2014 0 0,00 € 1 3.429,68 €
31.07.2014 1 2.694,36 € 2 6.124,04 €
31.08.2014 - - - -
30.09.2014 - - - -
31.10.2014 - - - -
30.11.2014 - - - -
31.12.2014 - - - -
31.01.2015 - - - -
28.02.2015 - - - -
31.03.2015 - - - -
30.04.2015 - - - -
31.05.2015 - - - -
30.06.2015 - - - -
31.07.2015 - - - -
31.08.2015 - - - -
30.09.2015 - - - -
31.10.2015 - - - -
30.11.2015 - - - -
31.12.2015 - - - -
31.01.2016 - - - -
29.02.2016 - - - -
31.03.2016 - - - -
30.04.2016 - - - -
31.05.2016 - - - -
30.06.2016 - - - -
31.07.2016 - - - -
31.08.2016 - - - -
30.09.2016 - - - -
31.10.2016 - - - -
30.11.2016 - - - -
31.12.2016 - - - -
31.01.2017 - - - -
28.02.2017 - - - -
31.03.2017 - - - -
30.04.2017 - - - -
31.05.2017 - - - -
Total 2 6.124,04 €
Current period Cumulative Write-Offs
Cumulative Write-Offs as of the end of the monthly period
Outstanding discounted balance as of Cut-Off-Date
Cumulative net loss ratio
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 21 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Prepayments
Reporting period Unscheduled paymentsDiscounted balance as
of previous periodPeriodic CPR Annualised CPR
Pool Cut - - - -
28.02.2014 1.197.940,13 € 750.005.178,28 € 0,160% 1,900%
31.03.2014 1.470.465,31 € 724.027.199,45 € 0,203% 2,410%
30.04.2014 1.232.326,49 € 697.576.772,02 € 0,177% 2,099%
31.05.2014 1.335.553,71 € 671.382.335,46 € 0,199% 2,361%
30.06.2014 1.003.784,70 € 645.101.142,38 € 0,156% 1,851%
31.07.2014 1.095.322,58 € 619.272.290,60 € 0,177% 2,102%
31.08.2014 - - - -
30.09.2014 - - - -
31.10.2014 - - - -
30.11.2014 - - - -
31.12.2014 - - - -
31.01.2015 - - - -
28.02.2015 - - - -
31.03.2015 - - - -
30.04.2015 - - - -
31.05.2015 - - - -
30.06.2015 - - - -
31.07.2015 - - - -
31.08.2015 - - - -
30.09.2015 - - - -
31.10.2015 - - - -
30.11.2015 - - - -
31.12.2015 - - - -
31.01.2016 - - - -
29.02.2016 - - - -
31.03.2016 - - - -
30.04.2016 - - - -
31.05.2016 - - - -
30.06.2016 - - - -
31.07.2016 - - - -
31.08.2016 - - - -
30.09.2016 - - - -
31.10.2016 - - - -
30.11.2016 - - - -
31.12.2016 - - - -
31.01.2017 - - - -
28.02.2017 - - - -
31.03.2017 - - - -
30.04.2017 - - - -
31.05.2017 - - - -
The annualised constant prepayment rate (CPR) of the underlying receivables based upon the most recent periodic
CPR. Periodic CPR is equal to the total unscheduled principal received in the most recent period divided by the
start of period principal balance. This is then annualised as follows:
1-((1-Periodic CPR)^number of periods in a year)
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Pool data I
Distribution by payment typeNumber of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balanceDirect borrower account debit 64.009 92,90% 555.015.858,71 € 93,54% 60.949 525.941.949,18 € 1.244 11.132.130,70 € 1.816 17.941.778,83 € 49.035 434.695.651,12 € 14.974 120.320.207,59 €
Others 4.895 7,10% 38.314.364,63 € 6,46% 4.783 37.254.860,04 € 50 474.417,42 € 62 585.087,17 € 1.805,00 € 15.412.264,88 € 3.090,00 € 22.902.099,75 €
Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €
Distribution by contract
concentration
Number of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance1 32.890 47,73% 304.097.921,34 € 51,25% 30.293 278.973.990,04 € 1.029 9.468.473,29 € 1.568 15.655.458,01 € 32.143 297.625.897,00 € 747 6.472.024,34 €
2 - 10 27.605 40,06% 229.476.946,67 € 38,68% 27.086 224.836.043,71 € 237 1.964.223,59 € 282 2.676.679,37 € 18.363 151.174.750,39 € 9.242 78.302.196,28 €
11 - 20 5.286 7,67% 40.711.787,16 € 6,86% 5.247 40.479.071,27 € 23 127.337,35 € 16 105.378,54 € 310 1.261.546,48 € 4.976 39.450.240,68 €
21 - 50 2.965 4,30% 18.666.781,58 € 3,15% 2.948 18.530.917,61 € 5 46.513,89 € 12 89.350,08 € 24 45.722,13 € 2.941 18.621.059,45 €
> 50 158 0,23% 376.786,59 € 0,06% 158 376.786,59 € 0 0,00 € 0 0,00 € 0 0,00 € 158 376.786,59 €
Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €
Distribution by largest customerNumber of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance1 23 0,03% 255.468,13 € 0,04% 23 255.468,13 € 0 0,00 € 0 0,00 € 0 0,00 € 23 255.468,13 €
2 19 0,03% 229.648,16 € 0,04% 19 229.648,16 € 0 0,00 € 0 0,00 € 0 0,00 € 19 229.648,16 €
3 13 0,02% 218.290,72 € 0,04% 13 218.290,72 € 0 0,00 € 0 0,00 € 0 0,00 € 13 218.290,72 €
4 30 0,04% 216.740,20 € 0,04% 30 216.740,20 € 0 0,00 € 0 0,00 € 0 0,00 € 30 216.740,20 €
5 32 0,05% 213.542,49 € 0,04% 32 213.542,49 € 0 0,00 € 0 0,00 € 0 0,00 € 32 213.542,49 €
6 21 0,03% 210.862,53 € 0,04% 21 210.862,53 € 0 0,00 € 0 0,00 € 0 0,00 € 21 210.862,53 €
7 22 0,03% 204.978,22 € 0,03% 22 204.978,22 € 0 0,00 € 0 0,00 € 0 0,00 € 22 204.978,22 €
8 25 0,04% 204.620,54 € 0,03% 25 204.620,54 € 0 0,00 € 0 0,00 € 0 0,00 € 25 204.620,54 €
9 36 0,05% 200.626,50 € 0,03% 36 200.626,50 € 0 0,00 € 0 0,00 € 0 0,00 € 36 200.626,50 €
10 25 0,04% 199.363,95 € 0,03% 25 199.363,95 € 0 0,00 € 0 0,00 € 0 0,00 € 25 199.363,95 €
11 17 0,02% 196.226,92 € 0,03% 17 196.226,92 € 0 0,00 € 0 0,00 € 0 0,00 € 17 196.226,92 €
12 18 0,03% 195.166,88 € 0,03% 18 195.166,88 € 0 0,00 € 0 0,00 € 0 0,00 € 18 195.166,88 €
13 23 0,03% 190.274,06 € 0,03% 23 190.274,06 € 0 0,00 € 0 0,00 € 0 0,00 € 23 190.274,06 €
14 6 0,01% 185.096,23 € 0,03% 6 185.096,23 € 0 0,00 € 0 0,00 € 0 0,00 € 6 185.096,23 €
15 16 0,02% 184.488,39 € 0,03% 16 184.488,39 € 0 0,00 € 0 0,00 € 0 0,00 € 16 184.488,39 €
16 69 0,10% 182.672,22 € 0,03% 69 182.672,22 € 0 0,00 € 0 0,00 € 0 0,00 € 69 182.672,22 €
17 21 0,03% 182.631,72 € 0,03% 21 182.631,72 € 0 0,00 € 0 0,00 € 0 0,00 € 21 182.631,72 €
18 31 0,04% 181.661,43 € 0,03% 31 181.661,43 € 0 0,00 € 0 0,00 € 0 0,00 € 31 181.661,43 €
19 27 0,04% 181.361,39 € 0,03% 27 181.361,39 € 0 0,00 € 0 0,00 € 0 0,00 € 27 181.361,39 €
20 23 0,03% 177.979,45 € 0,03% 23 177.979,45 € 0 0,00 € 0 0,00 € 0 0,00 € 23 177.979,45 €
Total 1 - 20 497 0,72% 4.011.700,13 € 0,68% 497 4.011.700,13 € 0 0,00 € 0 0,00 € 0 0,00 € 497 4.011.700,13 €
Total portfolioType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Total portfolioType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Total portfolioType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 23 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Pool data II
Distribution by
Outstanding discounted
balance
Number of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance0,01 - 5.000,00 17.095 24,81% 52.252.738,15 € 8,81% 16.394 49.943.706,07 € 304 1.007.494,02 € 397 1.301.538,06 € 12.733 39.426.297,08 € 4.362 12.826.441,07 €
5.000,01 - 10.000,00 29.713 43,12% 222.930.666,49 € 37,57% 28.461 213.564.691,68 € 532 3.989.244,62 € 720 5.376.730,19 € 20.866 156.371.875,18 € 8.847 66.558.791,31 €
10.000,01 - 15.000,00 15.242 22,12% 182.819.152,73 € 30,81% 14.493 173.820.864,92 € 320 3.839.240,62 € 429 5.159.047,19 € 11.310 136.293.365,48 € 3.932 46.525.787,25 €
15.000,01 - 20.000,00 4.583 6,65% 78.014.309,04 € 13,15% 4.282 72.834.609,30 € 89 1.526.130,69 € 212 3.653.569,05 € 3.861 65.886.893,90 € 722 12.127.415,14 €
20.000,01 - 25.000,00 1.494 2,17% 32.974.017,21 € 5,56% 1.393 30.754.183,80 € 28 618.888,09 € 73 1.600.945,32 € 1.374 30.367.897,30 € 120 2.606.119,91 €
25.000,01 - 30.000,00 448 0,65% 12.138.127,04 € 2,05% 405 10.970.020,99 € 15 408.178,53 € 28 759.927,52 € 408 11.060.582,00 € 40 1.077.545,04 €
> 30.000,00 329 0,48% 12.201.212,68 € 2,06% 304 11.308.732,46 € 6 217.371,55 € 19 675.108,67 € 288 10.701.005,06 € 41 1.500.207,62 €
Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €
146,55 €
80.211,10 €
8.610,97 €
Distribution by
outstanding nominal
balance
Number of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance0,01 - 5.000,00 15.876 23,04% 46.322.294,85 € 7,81% 15.237 44.313.991,88 € 281 895.022,27 € 358 1.113.280,70 € 11.802 34.900.777,95 € 4.074 11.421.516,90 €
5.000,01 - 10.000,00 27.594 40,05% 196.602.718,32 € 33,14% 26.435 188.433.804,15 € 485 3.423.307,66 € 674 4.745.606,51 € 19.399 137.743.242,95 € 8.195 58.859.475,37 €
10.000,01 - 15.000,00 16.790 24,37% 189.296.807,06 € 31,90% 15.961 179.880.518,99 € 361 4.099.926,48 € 468 5.316.361,59 € 12.262 138.629.357,24 € 4.528 50.667.449,82 €
15.000,01 - 20.000,00 5.588 8,11% 88.713.225,73 € 14,95% 5.270 83.563.374,94 € 103 1.656.322,22 € 215 3.493.528,57 € 4.625 73.600.265,72 € 963 15.112.960,01 €
20.000,01 - 25.000,00 1.906 2,77% 39.098.448,88 € 6,59% 1.775 36.440.094,33 € 34 692.081,41 € 97 1.966.273,14 € 1.703 34.995.358,92 € 203 4.103.089,96 €
25.000,01 - 30.000,00 670 0,97% 16.757.077,49 € 2,82% 615 15.375.699,04 € 18 451.473,63 € 37 929.904,82 € 623 15.571.798,27 € 47 1.185.279,22 €
> 30.000,00 480 0,70% 16.539.651,01 € 2,79% 439 15.189.325,89 € 12 388.414,45 € 29 961.910,67 € 426 14.667.114,95 € 54 1.872.536,06 €
Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €
147,25 €
88.062,00 €
9.183,15 €
Statistics
Minimum outstanding nominal balance
Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Maximum outstanding nominal balance
Average outstanding nominal balance
Total portfolioType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Statistics
Minimum Outstanding discounted balance
Maximum Outstanding discounted balance
Average Outstanding discounted balance
Total portfolioType of car
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 24 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Pool data III
Distribution by
remaining term
Number of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance01-12 7.698 11,17% 27.032.058,29 € 4,56% 7.389 25.803.982,53 € 160 591.180,93 € 149 636.894,83 € 4.847 17.946.362,58 € 2.851 9.085.695,71 €
13-24 28.544 41,43% 224.012.224,92 € 37,76% 27.282 213.232.876,85 € 524 4.221.308,58 € 738 6.558.039,49 € 20.256 160.184.348,45 € 8.288 63.827.876,47 €
25-36 24.913 36,16% 249.925.098,00 € 42,12% 23.735 237.066.127,84 € 483 5.106.364,15 € 695 7.752.606,01 € 19.155 193.580.235,97 € 5.758 56.344.862,03 €
37-48 7.128 10,34% 83.573.080,58 € 14,09% 6.730 78.670.248,02 € 122 1.605.492,63 € 276 3.297.339,93 € 6.030 70.568.502,68 € 1.098 13.004.577,90 €
49-60 621 0,90% 8.787.761,55 € 1,48% 596 8.423.573,98 € 5 82.201,83 € 20 281.985,74 € 552 7.828.466,32 € 69 959.295,23 €
61-72 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
>72 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €
Distribution by
seasoning
Number of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance01-12 22.799 33,09% 226.547.910,00 € 38,18% 21.787 215.432.481,97 € 471 4.727.339,14 € 541 6.388.088,89 € 16.773 171.480.078,68 € 6.026 55.067.831,32 €
13-24 39.367 57,13% 333.531.058,94 € 56,21% 37.470 315.898.267,43 € 731 6.434.196,62 € 1.166 11.198.594,89 € 29.061 252.887.620,31 € 10.306 80.643.438,63 €
25-36 6.504 9,44% 32.453.760,63 € 5,47% 6.254 31.119.788,40 € 89 432.903,29 € 161 901.068,94 € 4.815 25.077.431,14 € 1.689 7.376.329,49 €
37-48 234 0,34% 797.493,77 € 0,13% 221 746.271,42 € 3 12.109,07 € 10 39.113,28 € 191 662.785,87 € 43 134.707,90 €
49-60 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
61-72 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
>72 0 0,00% 0,00 € 0,00% 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €
Weighted average seasoning 15,21
Total portfolioType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Statistics
Minimum seasoning 6
Maximum seasoning 48
Weighted average remaining term 26,35
Total portfolioType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Statistics
Minimum remaining term 1
Maximum remaining term 51
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 25 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Pool data IV
Distribution by brandNumber of
contracts
Percentage of
contracts
Outstanding
discounted balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balanceVW 29.073 42,19% 204.921.010,70 € 34,54% 28.013 196.394.273,88 € 647 5.099.333,11 € 413 3.427.403,71 € 20.416 146.083.783,72 € 8.657 58.837.226,98 €
VW LCV 10.608 15,40% 106.281.162,79 € 17,91% 9.971 100.138.152,45 € 290 2.820.665,07 € 347 3.322.345,27 € 8.065 83.146.020,75 € 2.543 23.135.142,04 €
Audi 19.458 28,24% 221.912.335,98 € 37,40% 18.291 208.524.822,85 € 290 3.152.706,23 € 877 10.234.806,90 € 14.540 172.831.404,65 € 4.918 49.080.931,33 €
Seat 2.494 3,62% 12.283.359,65 € 2,07% 2.382 11.584.278,06 € 21 126.939,78 € 91 572.141,81 € 2.069 10.272.503,43 € 425 2.010.856,22 €
Skoda 7.161 10,39% 46.597.893,60 € 7,85% 6.994 45.562.511,25 € 22 139.987,39 € 145 895.394,96 € 0 0,00 € 0 0,00 €
Other brands 110 0,16% 1.334.460,62 € 0,22% 81 992.770,73 € 24 266.916,54 € 5 74.773,35 € 69 911.469,72 € 41 422.990,90 €
Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 45.159 413.245.182,27 € 16.584 133.487.147,47 €
Distribution by geographical
region
Number of
contracts
Percentage of
contracts
Outstanding
discounted balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balanceBaden-Wuerttemberg 10.435 15,14% 92.520.606,56 € 15,59% 9.977 87.800.833,02 € 160 1.434.875,89 € 298 3.284.897,65 € 7.546 68.805.457,43 € 2.889 23.715.149,13 €
Bavaria 11.674 16,94% 107.092.501,58 € 18,05% 11.061 101.230.917,37 € 272 2.529.851,84 € 341 3.331.732,37 € 8.660 81.377.343,73 € 3.014 25.715.157,85 €
Berlin 2.013 2,92% 15.411.643,11 € 2,60% 1.877 14.256.271,49 € 55 523.540,54 € 81 631.831,08 € 1.527 11.949.843,69 € 486 3.461.799,42 €
Brandenburg 1.494 2,17% 12.503.227,24 € 2,11% 1.388 11.552.659,36 € 51 397.662,96 € 55 552.904,92 € 1.112 9.654.840,07 € 382 2.848.387,17 €
Bremen 758 1,10% 6.228.609,97 € 1,05% 726 5.941.226,69 € 12 122.091,59 € 20 165.291,69 € 450 3.750.595,04 € 308 2.478.014,93 €
Hamburg 2.250 3,27% 17.982.378,49 € 3,03% 2.171 17.313.566,27 € 22 190.144,36 € 57 478.667,86 € 1.612 13.507.625,36 € 638 4.474.753,13 €
Hesse 5.472 7,94% 46.110.905,59 € 7,77% 5.233 43.896.756,41 € 115 922.156,93 € 124 1.291.992,25 € 3.867 34.253.028,70 € 1.605 11.857.876,89 €
Lower Saxony 6.626 9,62% 56.634.135,20 € 9,55% 6.355 53.969.913,17 € 114 1.106.171,90 € 157 1.558.050,13 € 4.785 41.802.188,34 € 1.841 14.831.946,86 €
Mecklenburg-Vorpommern 1.127 1,64% 9.278.020,00 € 1,56% 1.084 8.873.071,79 € 19 178.262,82 € 24 226.685,39 € 905 7.709.907,02 € 222 1.568.112,98 €
North Rhine-Westphalia 15.096 21,91% 127.229.257,86 € 21,44% 14.474 121.636.578,45 € 266 2.186.992,43 € 356 3.405.686,98 € 10.955 94.570.822,75 € 4.141 32.658.435,11 €
Rhineland-Palatinate 2.215 3,21% 20.442.184,28 € 3,45% 2.105 19.307.770,87 € 33 358.130,36 € 77 776.283,05 € 1.672 15.697.800,11 € 543 4.744.384,17 €
Saarland 366 0,53% 3.381.688,49 € 0,57% 336 3.028.655,68 € 9 103.855,52 € 21 249.177,29 € 295 2.800.464,51 € 71 581.223,98 €
Saxony 3.667 5,32% 30.938.361,49 € 5,21% 3.501 29.394.077,72 € 64 573.389,29 € 102 970.894,48 € 2.973 25.678.029,17 € 694 5.260.332,32 €
Saxony-Anhalt 1.637 2,38% 13.302.306,23 € 2,24% 1.549 12.504.539,29 € 43 420.274,82 € 45 377.492,12 € 1.305 10.925.978,97 € 332 2.376.327,26 €
Schleswig-Holstein 2.253 3,27% 19.081.240,27 € 3,22% 2.160 18.247.921,59 € 34 341.974,17 € 59 491.344,51 € 1.760 15.181.147,57 € 493 3.900.092,70 €
Thuringia 1.818 2,64% 15.169.507,10 € 2,56% 1.734 14.233.747,61 € 23 201.825,26 € 61 733.934,23 € 1.413 12.419.193,66 € 405 2.750.313,44 €
Foreign countries (*) 3 0,00% 23.649,88 € 0,00% 1 8.302,44 € 2 15.347,44 € 0 0,00 € 3 23.649,88 € 0 0,00 €
Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €
Distribution by industry sectorNumber of
contracts
Percentage of
contracts
Outstanding
discounted balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balanceAgriculture/ Forestry 426 0,62% 4.493.730,23 € 0,76% 390 4.157.116,06 € 12 112.727,29 € 24 223.886,88 € 357 3.918.840,32 € 69 574.889,91 €
Energy/ Mining 772 1,12% 6.484.833,15 € 1,09% 760 6.360.980,13 € 5 48.576,83 € 7 75.276,19 € 451 3.936.005,39 € 321 2.548.827,76 €
Manufacturing Industry 12.675 18,40% 121.728.340,03 € 20,52% 12.300 117.891.148,58 € 142 1.327.338,20 € 233 2.509.853,25 € 7.995 79.816.910,78 € 4.680 41.911.429,25 €
Chemical Industry 773 1,12% 7.061.253,03 € 1,19% 765 6.986.791,07 € 2 19.620,09 € 6 54.841,87 € 378 3.612.417,45 € 395 3.448.835,58 €
Construction 7.173 10,41% 69.732.598,67 € 11,75% 6.735 65.441.190,82 € 171 1.555.704,19 € 267 2.735.703,66 € 5.889 58.560.790,79 € 1.284 11.171.807,88 €
Retail/ Wholesale 12.297 17,85% 108.185.812,74 € 18,23% 11.680 102.310.236,12 € 285 2.404.020,77 € 332 3.471.555,85 € 8.827 81.110.375,03 € 3.470 27.075.437,71 €
Hotel and Restaurant Industry 1.203 1,75% 10.754.855,52 € 1,81% 1.101 9.773.147,59 € 36 363.404,80 € 66 618.303,13 € 1.072 9.781.081,59 € 131 973.773,93 €
Transportation 1.852 2,69% 16.727.616,65 € 2,82% 1.744 15.611.038,78 € 47 465.820,02 € 61 650.757,85 € 1.346 12.710.829,44 € 506 4.016.787,21 €
Financial Services 2.598 3,77% 21.162.177,55 € 3,57% 2.476 20.061.154,74 € 65 541.594,37 € 57 559.428,44 € 1.808 15.375.629,77 € 790 5.786.547,78 €
Public Administration, Education,
Health Care, Public Serv.12.557 18,22% 83.486.971,68 € 14,07% 12.057 79.250.646,30 € 174 1.564.474,75 € 326 2.671.850,63 € 10.281 69.294.270,87 € 2.276 14.192.700,81 €
Other Services 10.904 15,82% 95.487.749,23 € 16,09% 10.314 89.829.556,36 € 235 2.040.405,23 € 355 3.617.787,64 € 8.277 75.658.220,86 € 2.627 19.829.528,37 €
Information Technology 3.667 5,32% 31.715.878,27 € 5,35% 3.548 30.566.449,81 € 55 567.069,24 € 64 582.359,22 € 2.472 22.163.233,93 € 1.195 9.552.644,34 €
Real Estate 1.872 2,72% 15.432.257,87 € 2,60% 1.736 14.148.056,52 € 61 558.961,15 € 75 725.240,20 € 1.587 13.501.882,77 € 285 1.930.375,10 €
Other 135 0,20% 876.148,72 € 0,15% 126 809.296,34 € 4 36.831,19 € 5 30.021,19 € 100 667.427,01 € 35 208.721,71 €
Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €
(*) Customers who changed their residence after Cut-Off-Date
Total portfolioType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Total portfolioType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Total portfolioType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 26 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Pool data V
Distribution by brand & model ModelNumber of
contracts
Percentage of
contracts
Outstanding
discounted
balance
Percentage of
outstanding
discounted balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balance
Number of
contracts
Outstanding
discounted
balanceVW Fox 5 0,01% 6.361,93 € 0,00% 4 4.860 0 0,00 € 1 1.502,27 € 5 6.361,93 € 0 0,00 €
Polo 2.842 4,12% 9.887.920,03 € 1,67% 2.801 9.743.676 15 59.292,27 € 26 84.951,99 € 2.161 7.885.920,71 € 681 2.001.999,32 €
Golf 7.741 11,23% 48.296.463,72 € 8,14% 7.539 46.998.817 96 566.711,76 € 106 730.934,80 € 5.274 34.137.894,45 € 2.467 14.158.569,27 €
Eos 71 0,10% 677.921,49 € 0,11% 66 631.159 2 20.597,99 € 3 26.164,38 € 63 612.764,23 € 8 65.157,26 €
Jetta 60 0,09% 321.445,54 € 0,05% 33 207.923 24 96.748,67 € 3 16.773,47 € 44 229.161,71 € 16 92.283,83 €
New Beetle 391 0,57% 2.847.086,96 € 0,48% 353 2.560.615 7 70.980,06 € 31 215.491,89 € 371 2.719.921,24 € 20 127.165,72 €
Passat 7.530 10,93% 65.068.204,26 € 10,97% 7.325 63.396.090 128 862.218,65 € 77 809.895,31 € 4.214 38.301.120,99 € 3.316 26.767.083,27 €
Scirocco 82 0,12% 591.719,35 € 0,10% 77 547.162 3 24.332,04 € 2 20.224,84 € 77 557.449,94 € 5 34.269,41 €
Touran 2.311 3,35% 18.602.433,17 € 3,14% 2.273 18.293.058 23 196.886,49 € 15 112.488,21 € 1.460 12.076.749,64 € 851 6.525.683,53 €
Tiguan 2.791 4,05% 23.546.113,68 € 3,97% 2.737 23.065.921 13 112.761,63 € 41 367.430,62 € 2.349 20.016.102,89 € 442 3.530.010,79 €
Sharan 1.109 1,61% 11.203.892,92 € 1,89% 1.087 10.980.142 15 134.939,46 € 7 88.811,76 € 751 7.837.494,07 € 358 3.366.398,85 €
Touareg 784 1,14% 13.011.294,16 € 2,19% 706 11.755.502 33 504.931,06 € 45 750.861,33 € 708 11.888.820,65 € 76 1.122.473,51 €
Phaeton 453 0,66% 3.518.825,70 € 0,59% 174 1.073.864 277 2.419.523,84 € 2 25.438,18 € 417 3.365.335,69 € 36 153.490,01 €
up! 2.903 4,21% 7.341.327,79 € 1,24% 2.838 7.135.484 11 29.409,19 € 54 176.434,66 € 2.522 6.448.685,58 € 381 892.642,21 €
Sub-Total VW 29.073 42,19% 204.921.010,70 € 34,54% 28.013 196.394.273,88 € 647 5.099.333,11 € 413 3.427.403,71 € 20.416 146.083.783,72 € 8.657 58.837.226,98 €
VW LCV Caddy 3.843 5,58% 26.500.334,16 € 4,47% 3.676 25.426.133 62 418.755,76 € 105 655.445,58 € 2.826 20.133.100,99 € 1.017 6.367.233,17 €
Transporter 4.765 6,92% 55.412.206,53 € 9,34% 4.450 52.091.979 168 1.697.059,29 € 147 1.623.168,74 € 3.629 43.355.265,49 € 1.136 12.056.941,04 €
Crafter 1.663 2,41% 20.314.376,12 € 3,42% 1.576 19.348.062 45 484.099,40 € 42 482.214,78 € 1.310 16.003.617,03 € 353 4.310.759,09 €
Amarok 337 0,49% 4.054.245,98 € 0,68% 269 3.271.979 15 220.750,62 € 53 561.516,17 € 300 3.654.037,24 € 37 400.208,74 €
LT 0 0,00% 0,00 € 0,00% 0 0 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
Sub-Total VW LCV 10.608 15,40% 106.281.162,79 € 17,91% 9.971 100.138.152,45 € 290 2.820.665,07 € 347 3.322.345,27 € 8.065 83.146.020,75 € 2.543 23.135.142,04 €
Audi A1 769 1,12% 3.839.503,24 € 0,65% 706 3.544.101 12 61.858,86 € 51 233.543,13 € 683 3.435.965,28 € 86 403.537,96 €
A2 0 0,00% 0,00 € 0,00% 0 0 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
A3 2.795 4,06% 21.000.905,92 € 3,54% 2.636 19.851.874 36 232.106,60 € 123 916.924,95 € 2.193 16.678.308,27 € 602 4.322.597,65 €
A4 4.762 6,91% 45.979.159,88 € 7,75% 4.591 44.235.295 74 625.562,38 € 97 1.118.302,71 € 2.767 28.444.870,44 € 1.995 17.534.289,44 €
A5 1.536 2,23% 19.405.527,22 € 3,27% 1.442 18.237.925 20 244.659,14 € 74 922.943,17 € 1.220 15.986.845,05 € 316 3.418.682,17 €
A6 5.064 7,35% 69.255.805,58 € 11,67% 4.804 66.012.737 78 969.555,20 € 182 2.273.513,14 € 3.691 52.714.620,01 € 1.373 16.541.185,57 €
A7 390 0,57% 6.320.159,17 € 1,07% 347 5.706.433 8 130.934,71 € 35 482.791,45 € 346 5.562.992,92 € 44 757.166,25 €
A8 170 0,25% 3.807.313,80 € 0,64% 103 2.640.763 11 138.977,33 € 56 1.027.573,65 € 146 3.258.998,86 € 24 548.314,94 €
Q3 1.230 1,79% 11.240.024,06 € 1,89% 1.145 10.452.680 5 58.392,47 € 80 728.951,61 € 1.066 9.782.226,99 € 164 1.457.797,07 €
Q5 2.089 3,03% 30.198.394,62 € 5,09% 1.966 28.686.073 25 332.410,63 € 98 1.179.910,75 € 1.814 26.724.041,85 € 275 3.474.352,77 €
Q7 461 0,67% 7.987.946,25 € 1,35% 392 6.920.116 10 154.758,55 € 59 913.072,19 € 431 7.521.985,96 € 30 465.960,29 €
TT 163 0,24% 1.872.394,24 € 0,32% 144 1.581.516 6 81.376,64 € 13 209.501,52 € 155 1.791.896,98 € 8 80.497,26 €
R8 29 0,04% 1.005.202,00 € 0,17% 15 655.310 5 122.113,72 € 9 227.778,63 € 28 928.652,04 € 1 76.549,96 €
Sub-Total Audi 19.458 28,24% 221.912.335,98 € 37,40% 18.291 208.524.822,85 € 290 3.152.706,23 € 877 10.234.806,90 € 14.540 172.831.404,65 € 4.918 49.080.931,33 €
Seat Ibiza 516 0,75% 1.712.497,27 € 0,29% 490 1.588.381 7 28.931,57 € 19 95.184,57 € 405 1.411.741,39 € 111 300.755,88 €
Altea 102 0,15% 657.120,94 € 0,11% 88 546.205 4 30.593,84 € 10 80.322,45 € 86 561.662,31 € 16 95.458,63 €
Leon 620 0,90% 3.208.231,70 € 0,54% 595 3.031.037 1 9.885,90 € 24 167.309,16 € 554 2.898.111,29 € 66 310.120,41 €
Alhambra 464 0,67% 3.940.561,81 € 0,66% 452 3.827.574 5 43.413,06 € 7 69.575,20 € 362 3.138.816,87 € 102 801.744,94 €
Cordoba 0 0,00% 0,00 € 0,00% 0 0 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
Exeo 243 0,35% 1.566.986,52 € 0,26% 221 1.439.470 3 11.235,98 € 19 116.280,52 € 186 1.213.451,99 € 57 353.534,53 €
Mii 543 0,79% 1.160.085,03 € 0,20% 532 1.126.115 1 2.879,43 € 10 31.090,98 € 470 1.010.843,20 € 73 149.241,83 €
Arosa 0 0,00% 0,00 € 0,00% 0 0 0 0,00 € 0 0,00 € 0 0,00 € 0 0,00 €
Toledo 6 0,01% 37.876,38 € 0,01% 4 25.497 0 0,00 € 2 12.378,93 € 6 37.876,38 € 0 0,00 €
Sub-Total Seat 2.494 3,62% 12.283.359,65 € 2,07% 2.382 11.584.278 21 126.940 91 572.142 2.069 10.272.503,43 € 425 2.010.856,22 €
Skoda Fabia 645 0,94% 2.536.924,30 € 0,43% 625 2.468.343 3 13.717,50 € 17 54.863,44 € 532 2.115.922,68 € 113 421.001,62 €
Octavia 3.661 5,31% 25.477.276,91 € 4,29% 3.593 24.941.713 11 84.892,67 € 57 450.671,00 € 2.803 19.652.380,27 € 858 5.824.896,64 €
Roomster 391 0,57% 1.731.548,47 € 0,29% 379 1.677.042 1 4.463,72 € 11 50.042,29 € 325 1.433.900,22 € 66 297.648,25 €
Superb 1.521 2,21% 12.748.934,21 € 2,15% 1.491 12.511.357 4 25.468,80 € 26 212.107,93 € 1.185 10.038.283,43 € 336 2.710.650,78 €
Yeti 419 0,61% 2.743.517,41 € 0,46% 407 2.679.140 0 0,00 € 12 64.377,02 € 371 2.422.200,42 € 48 321.316,99 €
Citygo 484 0,70% 1.145.653,88 € 0,19% 461 1.081.221 2 5.784,72 € 21 58.648,58 € 437 1.046.977,53 € 47 98.676,35 €
Rapid 40 0,06% 214.038,42 € 0,04% 38 203.694 1 5.659,98 € 1 4.684,70 € 28 153.069,18 € 12 60.969,24 €
Sub-Total Skoda 7.161 10,39% 46.597.893,60 € 7,85% 6.994 45.562.511,25 € 22 139.987,39 € 145 895.394,96 € 5.681 36.862.733,73 € 1.480 9.735.159,87 €
Other brands 110 0,16% 1.334.460,62 € 0,22% 81 992.770,73 € 24 266.916,54 € 5 74.773,35 € 69 911.469,72 € 41 422.990,90 €
Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €0 0,00 € 0 0,00 €
Total portfolioType of car Customer type
New vehicle Used vehicle Demonstration vehicle Retail Corporate
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 27 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Pool data VI
Contract typeNumber of
contracts
Percentage of
contracts
Outstanding discounted
balance
Percentage of
outstanding
discounted balance
Number of contractsOutstanding discounted
balance
Number of
contracts
Outstanding discounted
balance
Number of
contracts
Outstanding
discounted balance
Number of
contracts
Outstanding
discounted balance
Number of
contracts
Outstanding
discounted balance
Closed end contract 67.928 98,58% 585.366.986,85 € 98,66% 64.988 557.222.267,70 € 1.172 10.490.720,79 € 1.768 17.653.998,36 € 49.903 442.441.574,54 € 18.025 142.925.412,31 €
Open end lease contract 976 1,42% 7.963.236,49 € 1,34% 744 5.974.541,52 € 122 1.115.827,33 € 110 872.867,64 € 937 7.666.341,46 € 39 296.895,03 €
Total 68.904 100,00% 593.330.223,34 € 100,00% 65.732 563.196.809,22 € 1.294 11.606.548,12 € 1.878 18.526.866,00 € 50.840 450.107.916,00 € 18.064 143.222.307,34 €
Type of carNumber of
contracts
Percentage of
contracts
Outstanding discounted
balance
Percentage of
outstanding
discounted balance
Number of contractsOutstanding discounted
balance
Number of
contracts
Outstanding discounted
balance
New vehicles 65.732 95,40% 563.196.809,22 € 94,92% 47.849 421.444.130,40 € 17.883 141.752.678,82 €
Used vehicles 1.294 1,88% 11.606.548,12 € 1,96% 1.182 10.761.633,85 € 112 844.914,27 €
Demonstration vehicles 1.878 2,73% 18.526.866,00 € 3,12% 1.809 17.902.151,75 € 69 624.714,25 €
Total 68.904 100,00% 593.330.223,34 € 100,00% 50.840 450.107.916,00 € 18.064 143.222.307,34 €
Customer typeNumber of
contracts
Percentage of
contracts
Outstanding discounted
balance
Percentage of
outstanding
discounted balanceRetail 50.840 73,78% 450.107.916,00 € 75,86%
Corporate 18.064 26,22% 143.222.307,34 € 24,14%
Total 68.904 100,00% 593.330.223,34 € 100,00%
Total portfolioType of car Customer type
New vehicle Used vehicle Demonstration vehicles Retail Corporate
Total portfolioCustomer type
Retail Corporate
Total portfolio
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 28 / 29
Publication date: 18.08.2014
Period: 07.2014 / Period no. 6
Index
Lease level data
No.Month / Year of
originationMonth / Year of default
Outstanding discounted
balance at pool cut
Outstanding discounted
balance of loan at default
date
Outstanding discounted
balanceRebate Month / Year of loss
Recovery from sale of
assetUnsecured recovery Total recovery Loss amount
Loss percentage on
original balance
Loss percentage current
balance
Geographical location of
borrower
Object type (new / used /
demonstration vehicle)Brand Contract type (lease) Distribution channel Customer type 02.2014 03.2014 04.2014 05.2014 06.2014 07.2014
1 27.05.2013 02.2014 18.301,59 € 9.360,00 € 0,00 € 834,45 € 05.2014 5.095,87 € 0,00 € 5.095,87 € 3.429,68 € 18,7% 0,0% Lower Saxony New VWN Lease Dealer Non Private 0,00 € 4.615,87 € 0,00 € 480,00 € 0,00 € 0,00 €
2 28.10.2013 02.2014 48.277,31 € 21.514,00 € 0,00 € 1.458,53 € 07.2014 16.667,11 € 694,00 € 17.361,11 € 2.694,36 € 5,6% 0,0% Rhineland-Palatinate Demonstration Audi Lease Dealer Non Private 0,00 € 694,00 € 0,00 € 15.279,11 € 0,00 € 1.388,00 €
Total - 0 66.578,90 € 30.874,00 € 0,00 € 2.292,98 € 0 21.762,98 € 694,00 € 22.456,98 € 6.124,04 € 9,2% 0,0% - - - - - - 0,00 € 5.309,87 € 0,00 € 15.759,11 € 0,00 € 1.388,00 €
Volkswagen Leasing | ABS Operations | [email protected] | +49 531 212 87510 29 / 29