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La cartolarizzazione è una operazione finanziaria utilizzata per ottenere liquidità da un portafoglio di crediti omogenei non liquidi (mutui, crediti al consumo, leasing, sofferenze).
I crediti sono ceduti ad una società veicolo (SPV) che emette titoli ABS, sottoscritti da investitori, per finanziare l’acquisto dei crediti stessi.

Il rischio di credito è trasferito agli investitori in base alla seniority dei titoli (Senior, Mezzanine e Junior).

Il rendimento dei titoli è correlato al rischio assunto dagli investitori.

Di seguito si riportano le operazioni poste in essere da Santander Consumer Bank S.p.A. in qualità di Originator unitamente ai rispettivi report per gli investitori.

The securitisation is a financial operation used to obtain liquidity from a pool of not tradable homogeneous assets (mortgages, consumer loans, leases, non performing loans) Loans are transferred to an SPV (Special Purpose Vehicle) which issues Assets Backed Securities to finance the purchase of the loans portfolio.
The credit risk of the portfolio is transferred to the investors according to the seniority of the notes (Senior, Mezzanine and Junior).
The coupon of the notes is related to the risk borne by the investors.
Below there is a summary of the transactions whose loans have been originated by Santander Consumer Bank S.p.A and the related investor reports.

Golden Bar 2015-1

Golden Bar 2015-1
Original Balance 700.091.097,38
Portfolio Consumer credit loans originated by Santander Consumer Bank SpA
First Portfolio Characteristics 42% new car, 12% used car, 46% personal loans
Servicer Santander Consumer Bank SpA
Payment Dates 20th of January, April, July, October until Oct 2018, then the 20th of each month
Representative of Noteholders Deutsche Trustee Company Limited
Arranger Banco Santander, S.A.
Calculation Agent Deutsche Bank AG - London Branch
Legal Maturity Date 20/10/2031
Listing Luxembourg Stock Exchange
Class A Notes: Nominal Amount 825.000.000,00
Class A Notes: Funded Amount 577.500.000,00
Moody's Issue Rating A1
DBRS Issue Rating A
ISIN code IT0005137580
Coupon 1,50% fixed
Class B Notes: Issue Amount 65.000.000,00
Class B Notes: Funded Amount 45.500.000,00
Moody's Issue Rating Baa2
DBRS Issue Rating BBB
ISIN code IT0005137598
Coupon 1,90% fixed
Class C Notes: Issue Amount 110.000.000,00
Class C Notes: Funded Amount 77.000.000,00
Rating Unrated
ISIN code IT0005137606
Coupon NA

Investor Report GB 2015-1

Prospetto informativo

Golden Bar 2016-1

Golden Bar 2016-1
Original Balance 1.100.088.029,13
Portfolio Salary assignment Loans originated by Santander Consumer Bank SpA
First Portfolio Characteristics 64% CQS loans, 19% CQP loans, 17% DP loans
Servicer Santander Consumer Bank SpA
Payment Dates 25th of January, April, July, October until Oct 2020, then the 25th of each month
Representative of Noteholders Bank of New York Mellon
Arranger Banco Santander, S.A.
Calculation Agent Bank of New York Mellon
Legal Maturity Date 27/12/2040
Listing Luxembourg Stock Exchange
Class A Notes: Nominal Amount 1.066.000.000,00
Class A Notes: Funded Amount 902.000.000,00
Moody's Issue Rating A2
DBRS Issue Rating A
ISIN code IT0005210031
Coupon 0,80% fixed
Class B Notes: Issue Amount 32.500.000,00
Class B Notes: Funded Amount 27.500.000,00
Moody's Issue Rating Baa3
DBRS Issue Rating BBB
ISIN code IT0005210080
Coupon 2,50% fixed
Class C Notes: Issue Amount 45.500.000,00
Class C Notes: Funded Amount 38.500.000,00
Moody's Issue Rating Ba3
DBRS Issue Rating BB
ISIN code IT0005210098
Coupon 4,50% fixed
Class D Notes: Issue Amount 65.000.000,00
Class D Notes: Funded Amount 55.000.000,00
Moody's Issue Rating B2
DBRS Issue Rating B
ISIN code IT0005210106
Coupon 6,50% fixed
Class E Notes: Issue Amount 90.870.000,00
Class E Notes: Funded Amount 76.890.000,00
Rating Unrated
ISIN code IT0005210114
Coupon 10,0% fixed
Class F Notes: Issue Amount 130.000,00
Class F Notes: Funded Amount 110.000,00
Rating Unrated
ISIN code IT0005210122
Coupon 3,00% fixed + excess spread

Investor Report GB 2016-1

Prospetto informativo

Golden Bar 2018-1

Golden Bar 2018-1
Original Balance 478.450.000,00
Portfolio Consumer credit loans originated by Santander Consumer Bank SpA
First Portfolio Characteristics 59% new car loans, 18% used car loans, 23% personal loans
Servicer Santander Consumer Bank SpA
Payment Dates 20th of March, June, September, December
Representative of Noteholders Securitisation Services
Arranger Crédit Agricole Corporate & Investment Bank
Calculation Agent Bank of New York Mellon
Legal Maturity Date 20/03/2037
Listing Luxembourg Stock Exchange
Class A Notes: Issue Amount 395.700.000,00
Moody's Issue Rating Aa2
DBRS Issue Rating AA
ISIN code IT0005330748
Coupon Euribor 3M + 22 bps ( 0% floor)
Class B Notes: Issue Amount 82.750.000,00
Rating Unrated
ISIN code IT0005330755
Coupon 1,50% fixed + excess spread

Investor Report GB 2018-1

Prospetto informativo

Golden Bar 2019-1

Golden Bar 2019-1
Original Balance 600.500.000,00
Portfolio Auto loans originated by Santander Consumer Bank SpA
First Portfolio Characteristics 75,5% new vehicles, 24,5% used vehicles
Servicer Santander Consumer Bank SpA
Payment Dates 20th of January, April, July, October
Representative of Noteholders Zenith Services
Arranger Banco Santander S.A.
Calculation Agent Bank of New York Mellon
Legal Maturity Date 20 July 2039
Listing Luxembourg Stock Exchange
Class A Notes: Issue Amount 525.400.000
Fitch's Issue Rating AA-(sf)
DBRS Issue Rating AA(low) (sf)
ISIN code IT0005374076
Coupon Euribor + 67 bps (0% floor)
Class B Notes: Issue Amount 18.000.000,00
Fitch's Issue Rating A- (sf)
DBRS Issue Rating A(low) (sf)
ISIN code IT0005374084
Coupon Euribor + 175 bps (0% floor)
Class C Notes: Issue Amount 45.100.000,00
Rating Unrated
ISIN code IT0005374092
Coupon 8,25% fixed
Class D Notes: Issue Amount 12.000.000,00
Rating Unrated
ISIN code IT0005374100
Coupon 1% fixed + Variable Return

Investor Report GB 2019-1

Prospetto informativo

Golden Bar 2020-1

Golden Bar 2020-1
Original Balance 746.498.038,75
Portfolio Consumer credit loans by Santander Consumer Bank SpA
First Portfolio Characteristics 63,19% auto, 3,20% durables, 33,60% direct
Servicer Santander Consumer Bank SpA
Payment Dates 20th of March, June, September, December
Representative of Noteholders Securitisation Services
Arranger Banco Santander S.A.
Calculation Agent Citibank N.A.
Legal Maturity Date September 2044
Listing Luxembourg Stock Exchange
Class A Notes: Issue Amount
Fitch's Issue Rating A (sf)
DBRS Issue Rating A(high) (sf)
ISIN code IT0005402570
Coupon 0,15%
Class B Notes: Issue Amount
Fitch's Issue Rating BBB (sf)
DBRS Issue Rating BBB (sf)
ISIN code IT0005402588
Coupon 1,25%
Class Z Notes: Issue Amount
Rating Unrated
ISIN code IT0005402604
Coupon Variable Return

Investor Report GB 2020-1

Prospetto informativo

Golden Bar 2020-2

Golden Bar 2020-2
Original Balance 559.014.677,85 €
Portfolio Auto loans originated by Santander Consumer Bank S.p.A
First Portfolio Characteristics 75,15% new vehicles 24,85% used vehicles
Servicer Santander Consumer Bank S.p.A
Payment Dates 20th of April, July, October, January until October 2023, then the 20th of each month
Representative of Noteholders Securitisation Services
Arranger Banco Santander S.A.
Calculation Agent Deutsche Bank S.p.A
Legal Maturity Date July 2042
Listing Luxembourg Stock Exchange
Class A Notes: Nominal Amount 648.750.000
Class A Notes: Issue Amount 483.540.000
Fitch's Issue Rating A+ (sf)
DBRS Issue Rating A(high) (sf)
ISIN code IT0005417891
Coupon Fixed Rate
Class B Notes: Nominal Amount 50.625.000
Class B Notes: Issue Amount 37.737.000
Fitch's Issue Rating BBB (sf)
DBRS Issue Rating BBB (sf)
ISIN code IT0005417909
Coupon Fixed Rate
Class Z Notes: Nominal Amount 50.625.000
Class Z Notes: Issue Amount 37.737.000
Rating Unrated
ISIN code IT0005417917
Coupon Variable Return

Investor Report GB 2020-2

Prospetto informativo