FTA Santander Consumer Spain

For this transaction, the assignor of the credit rights is Santander Consumer, E.F.C., S.A. The
principal financial activities of Santander Consumer are: lending, including consumer credit,
mortgage credit and financing of commercial transactions; factoring, with or without recourse,
and complementary activities such as investigation and classification of customers, accounting
for debtors; financial leasing; issuing and administering credit cards; granting of guarantees and
similar commitments.

The loans in the portfolio were granted by Santander Consumer to individuals and legal entities
resident in Spain for the sole purpose of financing the acquisition of new and/or used vehicles
and acquisition of consumer goods, also including alteration of housing and premises, leisure and
travel, consumer insurance, electrical appliances, furniture, jewellery, furs, art, clothing and textiles,
and computer equipment, among others.

The portfolio of consists of 50,068 loans all of which are governed by the laws of Spain. The maj-
ority of the loans (98.13%) have been granted to individuals. By outstanding principal (as per all
%ages unless stated), 78.76% were granted as auto loans (of which 84.95% represent new veh-
icles), and 21.24% consumer loans. “Officially”, 99.09% of the consumer loans were granted for
“refurbishments”, which can mean different things to different people. Personal guarantees cover
62.39% of the principal outstanding.

The average outstanding loan size is Eur11,682 and only 70 loans are greater than Eur51,000, rep-
resenting just 0.18% of the pool. All of the loans were granted at fixed interest rates of between
2.51% and 19.99% with the overall weighted average rate on the loans being 8.77%. The WA sea-
soning is 8mnths. Regional concentration: Andalucia 30.39%, Catalonia 13.87%, Canary Islands
11.61%, and Madrid 10.22%.

Compare/contrast: FTA Santander Consumer Spain 2002-1, FTA Santander Consumer Auto Fin 2007-2,
SC Germany Auto 2008-1
FTA Santander Consumer Spain 2002-1 FTA Santander Consumer Auto Fin 2007-2
SC Germany Auto 2008-1