FTA Santander Consumer Spain Auto 2016-2: 08 December 2016

This is another securitisation of auto loans originated in Spain by Santander Consumer EFC SA, the wholly-owned and fully integrated subsidiary of Santander Consumer Finance, whose ultimate parent is Banco Santander S.A.

At the cut-off date, the securitisation is of a pool of 61,306 unsecured auto loans granted to obligors located in Spain, where the average current balance is Eur11,905 and the largest is for Eur133,420. Vehicle type (by current balances): new 77.96%, used 22.04%. Regionally the pool is concentrated mostly in Andalucia (19.54%), Madrid (15.71%) and Cataluna 15.23%.


Compare/contrast: FTA Santander Consumer Spain Auto 2016-1, SC Germany Consumer 2016-1