Driver Brasil Two€¦ · Issuer: DRIVER Brasil TWO Banco Volkswagen Fundo de Investimento em...
Transcript of Driver Brasil Two€¦ · Issuer: DRIVER Brasil TWO Banco Volkswagen Fundo de Investimento em...
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Deal Name: Driver Brasil Two
Issuer: DRIVER Brasil TWO Banco Volkswagen Fundo de
Investimento em Direitos Creditórios Financiamento de
Veículos
Nucleo Cidade de Deus, Predio Prata 4º andar
Zip Code: 06029-900
Osasco - São Paulo - Brazil
Seller of the Receivables: Banco Volkswagen S.A.
Servicer name: Banco Volkswagen S.A.
Reporting Entity: Banco Volkswagen S.A.
Treasury - ABS Operations
Rua Volkswagen, 291 - 2º andar
São Paulo
Brasil
Contact: Phone: +55 11 5582 5831
Fax: + 55 11 5582 5317
Email: [email protected]
Asset Manager: BRAM - Bradesco Asset Management S.A. D.T.V.M
Avenida Paulista 1450, 6º andar
Zip Code: 01310-917
São Paulo - Brazil
phone: +55 11 2178 6600
“As a consequence of the emissions scandal and based on our high transparency standards the content of the investor
report will be enhanced. From September 2015 onwards you will find an additional table quantifying the number and
volume of contracts with underlying vehicles fitted with an EA189 engine.“
IMPORTANT NOTICE to Investors:
upgraded Mezzanine quotas from Aa3.br(sf) to Aaa.br(sf).
With effect from 25 August 2016 Moody’s has affirmed Driver Brazil Two’s Senior quotas rating as Aaa.br(sf) and
1
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Contents
Page Table of Contents1 Cover
2 Contents
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 Notes II
10 Credit Enhancement
11 Swap Fixing / Waterfall
12 Amortisation Profile I
13 Amortisation Profile II
14 Run Out Schedule I
15 Run Out Schedule II
16 Outstanding Contracts
17 Delinquencies
18 Recoveries
19 Pool Data I
20 Pool Data II
21 Pool Data III
22 Pool Data IV
23 Pool Data V
24 Pool Data VI
25 Glossary
2
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Reporting Details
Deal Overview
Cut-Off Date 17/12/2013 Publication Date:
Scheduled Date of Clean-Up-Call December 2017 Payment Date:
Legal Maturity Date December 2018 Reporting Date:
Issue Date 11/12/2013 Asset Collection Period:
Period No.: 42 Interest Accrual Period
Reporting frequency: monthly Note Payment Period:
Next Payment Date: 06/06/2017 Days accrued:
Type of Car at Pool CutNumber of
Contracts
Percentage of
Contracts
Outstanding
Discounted
Principal Balance
Percentage Outstanding
Discounted Principal
Balance
New Cars 54.082 91,26% 982.628.189,61 92,75%
Used Cars 5.178 8,74% 76.758.090,68 7,25%
Total 59.260 100,00% 1.059.386.280,29 100,00%
19
30/06/2017
31/05/2017 (last day of each month)
from 01/05/2017 until 31/05/2017
from 06/04/2017 until 05/05/2017
from 06/04/2017 until 05/05/2017
05/05/2017 (4th of each month)
3
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Parties Overview
Administrator: BRAM - Bradesco Asset Management S.A. D.T.V.M
Avenida Paulista 1450, 6º andar
Cidade de Deus Zip Code: 01310-917
Bairro Vila Yara - 4º andar São Paulo - Brazil
Osasco - São Paulo phone: +55 11 2178 6600
Brazil [email protected]
Custodian Bank: Banco Bradesco S.A. Collection Agent: Banco Volkswagen S.A.
Cidade de Deus Treasury - ABS Operations
Bairro vila Yara - 2º andar Rua Volkswagen, 291
Osasco - São Paulo São Paulo
Brazil Brazil
Phone: + 55 11 5582 5831
Swap Counterparty: Itaú BBA Clearing System: CETIP S.A. - Mercados Organizados
Av. Brigadeiro Faria Lima, 3400 Av. Brigadeiro Faria Lima, 1663, 1º andar
3º ao 8º andar Jardim Paulistano São Paulo - SP
São Paulo - SP CEP: 01452-001
Brazil phone: +55 11 4152 9370
Rating Agencies Moody´s América Latina Ltda.
Avenida Nações Unidas, 12551 16º andar
04578-903 São Paulo
Brazil
Standard & Poors Brasil
Avenida Brigadeiro Faria Lima, 201 18º andar
05426-100 São Paulo
Brazil
Asset Manager:BEM DISTRIBUIDORA DE TÍTULOS E VALORES
MOBILIÁRIOS LTDA
4
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Transaction Events (I)
3,28%
10,00%
Clean-Up Call
Banco Volkswagen S.A. will have the right at its option to exercise a Clean-Up Call and to repurchase the Loan Receivables from Driver Brasil One when the sum of the Discounted
Principal Balance for all loan contracts is less than 10 per cent. of the sum of the Discounted Principal Balance for all Loan contracts as of the Cut Off Date, provided that all
payment obligations under the Quotas will be thereby fulfilled.
Clean-Up Call Condition
Percentage of Current Outstanding Discounted Portfolio
Min. Percentage of Outstanding Discounted Portfolio The Clean-Up-Call Condition has been reached.
5
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Transaction Events (II)
NO
NO
NO
Outstanding
Discounted Principal
Balance (in Arrears)
Outstanding
Discounted Principal
Balance (at Late
Delinquency)Cumulative Late Delinquencies BOP 9.780.895,95R$ 15.600.953,10R$
Late Delinquencies (13.889,18)R$ 166.984,59R$
Cumulative Late Delinquencies EOP 9.767.006,77R$ 15.767.937,69R$
1.059.386.280,29R$
Cumulative Late Delinquency as percentage of DPB at Pool-Cut 1,48840%
Credit Enhancement Increase Conditions
Level 1a Credit Enhancement Increase Condition - Cumulative Late Delinquencies do not amount to 2.6% for any
Payment Date before and incp. 12/2014
Level 1b Credit Enhancement Increase Condition -Cumulative Late Delinquencies do not amount to 4.8% for any
Payment Date bexween 01/2015 and incp. 12/2015
Level 2 Credit Enhancement Increase Condition - Cumulative Late Delinquencies do not amount to 7.4% for any
Payment Date
Discounted Principal Balance as of Pool-Cut Date
0,0
00
00
%
0,0
00
00
%
0,0
00
00
%
0,0
00
00
%
0,0
00
00
%
0,0
00
00
%
0,0
23
52
%
0,0
62
92
%
0,1
23
39
%
0,1
82
11
%
0,2
30
94
%
0,2
76
99
%
0,3
41
33
%
0,3
91
31
%
0,4
62
51
%
0,5
15
02
%
0,5
55
61
%
0,6
14
70
%
0,6
74
37
%
0,7
24
46
%
0,7
75
91
%
0,8
34
55
%
0,8
88
70
%
0,9
23
84
%
0,9
67
35
%
1,0
22
94
%
1,0
80
91
%
1,1
20
90
%
1,1
51
24
%
1,1
87
14
%
1,2
12
72
%
1,2
51
41
%
1,2
68
95
%
1,2
90
62
%
1,3
37
74
%
1,3
70
58
%
1,3
92
01
%
1,4
13
79
%
1,4
39
39
%
1,4
57
59
%
1,4
72
64
%
1,4
88
40
%
0,00%
2,50%
5,00%
7,50%
10,00%
Cumulative Late Delinquency
Cumulative Net Loss Ratio Level 1a/b Level 2
6
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Transaction Events (III)
Administrator
BEM DTVM Long Term2 Outlook4 Long Term8 Outlook10
Rating Aaa.br Stable brAA+ Negative
Custodian Bank
Banco Bradesco Long Term2 Outlook4 Long Term8 Outlook10
Rating Aaa.br Stable brAA+ Negative
Swap Counterparty
Itaú BBA Long Term2 Outlook4 Long Term8 Outlook10
Rating Aaa.br Stable brAA+ Negative
Servicer
Banco Volkswagen S.A. Long Term2 Outlook4 Long Term8 Outlook10
Rating n.a. n.a. brAA+ Negative
Moody's S&P
S&PMoody's
Moody's S&P
Moody's S&P
7
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Information regarding the Notes I
Rating at Issue Date Senior Quota Mezzanine Quota
Moody's Aaa.br A1.br
Standard & Poors brAAA brA+
Current Rating Senior Quota Mezzanine Quota
Moody's Aaa.br Aaa.br
Standard & Poors brAAA brAA-
Information on Notes Senior Quota Mezzanine Quota
Legal maturity date December 2018 December 2018
Scheduled Clean Up Call December 2017 December 2017
ISIN: BRDVERCTF004 BRDVERCTF012
Nominal Amount 25.000,00R$ 25.000,00R$
Information on Interest Senior Quota Mezzanine Quota
Spread/ Margin 92 bps 170 bps
Index Rate Daily CDI Daily CDI
Fixed/Floating floating floating
Current Coupon Daily CDI + 92 Daily CDI + 170
Day Count Convention actual/252 actual/252
8
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Information regarding the Notes II
Monthly Period:
Payment Date:
Interest Accrual Period (from/until)
Days accrued
Index Rate
Index Rate as of Month End
Day Count Convention
Interest Payments Senior Quota Mezzanine Quota
Total Interest Amount of the Reporting Period 221.326,19R$ 64.356,90R$
Note Balance Senior Quota Mezzanine Quota
Note Balance as of Beginning of Period 26.333.000,00R$ 7.183.000,00R$
Note Balance as of End of Period 20.763.000,00R$ 7.183.000,00R$
Principal Amortization 5.570.000,00R$ -R$
Payments to Investors (per note) Senior Quota Mezzanine Quota
Interest 5,78R$ 37,42R$
Principal Amortization 145,51R$ -R$
Number of Notes 38.280 1.720
Overcollateralisation Senior Quota Mezzanine Quota
Initial OC Percentage at Poolcut 9,6647% 5,6057%
Current OC Percentage 45,0322% 55,6647%
Target OC Percentage 12,5000% 7,0000%
10,14%
actual/252
31/05/2017
05/05/2017
06/04/2017 until 05/05/2017
19
Daily CDI
9
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Credit Enhancement
Credit Enhancement @ Pool-Cut % of Discounted Principal Balance Value
Mezzanine Quota 4,06% 43.000.000,00R$
Subordinated Quota 7,02% 74.406.137,20R$
Overcollateralization 11,08% 117.406.137,20R$
Cash Collateral Account 1,00% 10.593.862,80R$
Calculation of Credit Enhancement
● The Senior Quota benefits from the Mezzanine, Subordinated Quotas and the Cash Collateral Account;
● The Mezanine Quota benefits from the Subordinated Quota and the Cash Collateral Account;
● The transaction starts with sequential amortisation and therefore initially only the Senior Quota will receive principal payments;
● The transaction switches into pro rata amortisation once an overcollateralisation percentage (i.e. credit enhancement excluding
cash collateral) of OC-Percentage for the Senior Quota and OC-Percentage for the Mezanine Quota has been reached.
10
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Swap Fixing / Waterfall
Amortising Interest Rate Swap Senior Quota Mezzanine Quota
Initial Principal 957.000.000,00R$ 43.000.000,00R$
Underlying Principal for Reporting Period 20.763.000,00R$ 7.183.000,00R$
Paying Leg Fix Interest Rate Fix Interest Rate
Receiving Leg Floating Interest Rate Floating Interest Rate
Waterfall Column2 Column1
Available Distribution Amount 16.533.920,45R$
1) Fees (68.457,03)R$
2) Net Swap Payments (18.724,76)R$
3) Interest Senior Quota (221.326,19)R$
4) Interest Mezzanine Quota (64.356,90)R$
5) Payment to Cash Collateral Account (10.589.435,14)R$
6) Redemption Senior Quota (5.570.000,00)R$
7) Redemption Mezzanine Quota -R$
8) Redemption Subordinated Quota
9) Remaining Amount Due to Rounding (1.620,43)R$
Remaining Balance from Current Period (0,00)R$
11
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Amortisation Profile I*
Senior Quota Mezzanine Quota
Reporting Period Actual Note Balance Actual Note Balance2
Poolcut 957.000.000,00 43.000.000,00
12/2013 957.000.000,00 43.000.000,00
01/2014 957.000.000,00 43.000.000,00
02/2014 868.100.000,00 43.000.000,00
03/2014 827.605.000,00 43.000.000,00
04/2014 773.105.000,00 42.000.000,00
05/2014 735.105.000,00 39.000.000,00
06/2014 695.105.000,00 36.000.000,00
07/2014 663.105.000,00 36.000.000,00
08/2014 623.105.000,00 36.000.000,00
09/2014 586.505.000,00 36.000.000,00
10/2014 553.255.000,00 34.800.000,00
11/2014 518.721.000,00 32.605.000,00
12/2014 489.922.000,00 30.805.000,00
01/2015 453.822.000,00 28.872.000,00
02/2015 425.572.000,00 26.722.000,00
03/2015 401.914.000,00 26.722.000,00
04/2015 367.784.000,00 23.122.000,00
05/2015 343.784.000,00 22.149.000,00
06/2015 319.284.000,01 20.149.000,00
07/2015 295.284.000,00 18.149.000,00
08/2015 270.284.000,00 17.158.000,00
09/2015 249.284.000,00 16.158.000,00
10/2015 231.284.000,00 14.658.000,00
11/2015 216.784.000,00 13.658.000,00
12/2015 199.559.000,00 13.563.000,00
01/2016 182.559.000,00 11.563.000,00
02/2016 171.059.000,00 10.663.000,00
03/2016 157.059.000,00 10.383.000,00
04/2016 143.559.000,00 8.883.000,00
05/2016 131.209.000,00 8.183.000,00
06/2016 119.540.000,00 8.183.000,00
07/2016 105.540.000,00 7.183.000,00
08/2016 93.640.000,00 7.183.000,00
09/2016 82.840.000,00 7.183.000,00
10/2016 73.596.000,00 7.183.000,00
11/2016 64.754.000,00 7.183.000,00 12/2016 54.822.000,00 7.183.000,00
01/2017 46.622.000,00 7.183.000,00
02/2017 39.390.000,00 7.183.000,00
03/2017 34.633.000,00 7.183.000,00
04/2017 26.333.000,00 7.183.000,00
05/2017 20.763.000,00 7.183.000,00
06/2017 15.069.000,00 7.183.000,00
07/2017 9.541.331,06 7.183.000,00
08/2017 4.776.672,26 7.183.000,00
09/2017 491.016,54 7.183.000,00
10/2017 4.051.185,01
11/2017 936.453,68
+Based on the following assumptions: CPR of 14,5%, Net Losses at 2,10%
12
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
12
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
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
40.000.000
45.000.000
Reporting Period
Outstanding Balance in BRL
Amortisation Profile Mezzanine Quota
The dark blue bars project the amortisation for the senior quota assuming, among other things, annual prepayments of 14,5% and 2,10% of Net Losses
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
900.000.000
1.000.000.000
Reporting Period
Outstanding Balance in BRL
Amortisation Profile Senior Quota
The dark blue bars project the amortisation for the senior quota assuming, among other things, annual prepayments of 14,5% and 2,10% of Net Losses
13
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Run Out Schedule I
Payment Date Remaining InterestOutstanding Discounted
Principal Balance
ABS Remaining
Nominal
arrears 248.184,16R$ 2.363.734,78R$ 2.611.918,94R$
06/2017 335.951,23R$ 4.203.286,95R$ 4.539.238,18R$
07/2017 295.460,94R$ 3.964.575,39R$ 4.260.036,33R$
08/2017 254.637,27R$ 3.609.142,69R$ 3.863.779,96R$
09/2017 216.899,66R$ 3.086.839,32R$ 3.303.738,98R$
10/2017 184.301,99R$ 2.676.729,18R$ 2.861.031,17R$
11/2017 156.164,39R$ 2.442.715,31R$ 2.598.879,70R$
12/2017 130.290,87R$ 2.213.945,52R$ 2.344.236,39R$
01/2018 107.042,63R$ 1.939.339,64R$ 2.046.382,27R$
02/2018 86.720,89R$ 1.769.913,78R$ 1.856.634,67R$
03/2018 68.193,39R$ 1.557.257,98R$ 1.625.451,37R$
04/2018 51.823,33R$ 1.316.323,05R$ 1.368.146,38R$
05/2018 38.042,20R$ 1.149.614,63R$ 1.187.656,83R$
06/2018 25.895,95R$ 949.169,03R$ 975.064,98R$
07/2018 15.916,82R$ 756.355,59R$ 772.272,41R$
08/2018 7.955,96R$ 519.340,35R$ 527.296,31R$
09/2018 2.510,71R$ 241.803,20R$ 244.313,91R$
Total 2.225.992,39R$ 34.760.086,39R$ 36.986.078,78R$
14
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Run Out Schedule II
0
2.000.000
4.000.000
6.000.000
8.000.000
10.000.000
12.000.000
14.000.000
16.000.000
18.000.000
20.000.000
Reporting Period
Expected Amortisation of the Discounted Principal Balance (in BRL)
The expected portfolio amortisation is solely based on the scheduled payments , no assumptions on prepayments or defaults are made.
15
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Overview Outstanding Contracts
StatusNumber of
Contracts
Outstanding Discounted
Principal Balance
Beginning of Period 7.780 40.917.591,26R$
End of Period 7.108 34.760.086,39R$
Total 672 6.157.504,87R$
Walk b/w BOP and EOPNumber of
Contracts Column1
Early Settlement 216
Write-Off 25
End of Term 428
Renegotiation 3
Total 672
Contract Status DevelopmentNumber of
Contracts
Outstanding Discounted
Principal Balance
Number of
Contracts2
Outstanding Discounted
Principal Balance5
Number of
Contracts3#
Outstanding Discounted
Principal Balance2
Number of
Contracts7
Outstanding Discounted
Principal Balance3
Number of
Contracts9
Outstanding Discounted
Principal Balance4
Current 5.144 25.041.701,58R$ 4.695 23.590.288,64R$ 449 1.451.412,94R$ 5.020 24.434.765,77R$ 124 606.935,81R$
Early Settlement 20.821 -R$ 18.773 -R$ 2048 -R$ 19.242 -R$ 1.579 -R$
Delinquent 2.636 15.875.889,68R$ 2.345 14.629.564,35R$ 291 1.246.325,33R$ 2.546 15.359.682,14R$ 90 516.207,54R$
Write Off 642 -R$ 560 -R$ 82 -R$ 578 -R$ 64 -R$
End of Term 29.700 -R$ 27.418 -R$ 2282 -R$ 26.210 -R$ 3.490 -R$
Renegotiation 317 -R$ 291 -R$ 26 -R$ 314 -R$ 3 -R$
Total 7.780 40.917.591,26R$ 7.040 38.219.852,99R$ 740 2.697.738,27R$ 7.566 39.794.447,91R$ 214 1.123.143,35R$
Contract Status DevelopmentNumber of
Contracts
Outstanding Discounted
Principal Balance
Number of
Contracts2
Outstanding Discounted
Principal Balance
Number of
Contracts3#
Outstanding Discounted
Principal Balance2
Number of
Contracts7
Outstanding Discounted
Principal Balance3
Number of
Contracts9
Outstanding Discounted
Principal Balance4
Current 5.367 24.376.597,80R$ 4.924 23.021.279,00R$ 443 1.355.318,80R$ 5.240 23.820.775,44R$ 127 555.822,36R$
Early Settlement 21.037 -R$ 18.970 -R$ 2067 -R$ 19.451 -R$ 1.586 -R$
Delinquent 1.741 10.383.488,59R$ 1.536 9.506.199,76R$ 205 877.288,83R$ 1.682 10.026.868,53R$ 59 356.620,06R$
Write Off 667 -R$ 583 -R$ 84 -R$ 602 -R$ 65 -R$
End of Term 30.128 -R$ 27.775 -R$ 2353 -R$ 26.618 -R$ 3.510 -R$
Renegotiation 320 -R$ 294 -R$ 26 -R$ 317 -R$ 3 -R$
Total 7.108 34.760.086,39R$ 6.460 32.527.478,76R$ 648 2.232.607,63R$ 6.922 33.847.643,97R$ 186 912.442,42R$
Total Portfolio as of Beginning of PeriodType of Car Customer Type
New Vehicle Used Vehicle Retail Corporate
Total Portfolio as of End of PeriodType of Car Customer Type
New Vehicle Used Vehicle Retail Corporate
16
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Delinquencies2 3 4 5
Delinquency ProfileNumber of
Contracts
Percentage of
Contracts
Outstanding
Discounted Principal
Balance
Percentage of
Discounted
Principal Balance
Number of
Contracts2
Outstanding
Discounted Principal
Balance
Number of
Contracts4
Outstanding
Discounted Principal
Balance3
Number of
Contracts8
Outstanding
Discounted Principal
Balance2
Number of
Contracts9
Outstanding
Discounted Principal
Balance4from 1 - 14 days 1.187 68,18% R$ 766.462,27 32,43% 1.070 702.149,73R$ 117 64.312,54R$ 1.148 736.562,86R$ 39 29.899,41R$
from 15 - 30 days 0 0,00% R$ - 0,00%
from 31 - 60 days 159 9,13% R$ 203.128,83 8,59% 136 177.350,02R$ 23 25.778,81R$ 157 200.784,80R$ 2 2.344,03R$
from 61 - 90 days 78 4,48% R$ 147.049,05 6,22% 65 129.392,15R$ 13 17.656,90R$ 77 143.017,69R$ 1 4.031,36R$
from 91 - 120 days 48 2,76% R$ 106.745,80 4,52% 42 94.455,90R$ 6 12.289,90R$ 46 101.991,91R$ 2 4.753,89R$
from 121 - 150 days 28 1,61% R$ 73.135,89 3,09% 22 61.993,31R$ 6 11.142,58R$ 27 71.452,24R$ 1 1.683,65R$
from 151 - 180 days 35 2,01% R$ 117.303,20 4,96% 26 91.041,99R$ 9 26.261,21R$ 34 112.019,13R$ 1 5.284,07R$
from 181 - 360 days 168 9,65% R$ 822.486,76 34,80% 142 735.014,74R$ 26 87.472,02R$ 157 747.843,33R$ 11 74.643,43R$
from 361 - 720 days 31 1,78% R$ 110.825,03 4,69% 27 96.950,71R$ 4 13.874,32R$ 29 96.861,69R$ 2 13.963,34R$
More than 720 days 7 0,40% R$ 16.597,95 0,70% 6 16.396,11R$ 1 201,84R$ 7 16.597,95R$ 0 -R$
Total 1.741 100,00% 2.363.734,78R$ 100,00% 1.536 2.104.744,66R$ 205 258.990,12R$ 1.682 2.227.131,60R$ 59 136.603,18R$
Delinquent ContractsType of Car Customer Type
New Vehicle Used Vehicle Retail Corporate
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
dez
-13
jan
-14
fev-
14
mar
-14
abr-
14
mai
-14
jun
-14
jul-
14
ago
-14
set-
14
ou
t-1
4
no
v-1
4
dez
-14
jan
-15
fev-
15
mar
-15
abr-
15
mai
-15
jun
-15
jul-
15
ago
-15
set-
15
ou
t-1
5
no
v-1
5
dez
-15
jan
-16
fev-
16
mar
-16
abr-
16
mai
-16
jun
-16
jul-
16
ago
-16
set-
16
ou
t-1
6
no
v-1
6
dez
-16
jan
-17
fev-
17
mar
-17
abr-
17
mai
-17
jun
-17
jul-
17
ago
-17
set-
17
ou
t-1
7
no
v-1
7
dez
-17
jan
-18
fev-
18
mar
-18
abr-
18
mai
-18
jun
-18
jul-
18
ago
-18
set-
18
ou
t-1
8
no
v-1
8
dez
-18
1 to 14 15 to 30 31 to 60 61 to 90 91 to 120 121 to 150 151 to 180 181 to 360 361 to 720 > 720
Delinquency Performance - Historical Data (by Bucket)
17
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Recoveries
Number of Contracts 59.260
Outstanding Nominal Balance 1.257.875.331,98
(+)
Outstanding
Nominal Balance at
Day of Write Off
(-)
Prior
Transactions/
Negotiations
(-)
Recoveries
for Current Period
(-)
Discounts for
Current Period
(=)
Current Outstanding
Nominal Balance
12.500.985,56R$ (2.790.274,85)R$ (147.100,67)R$ (21.033,57)R$ 9.542.576,47R$
Relevant Pool-Cut Data
18
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Pool Data I
Distribution by
Contract
Concentration
Number of
Contracts
Percentage
of Contracts
Outstanding
Discounted Principal
Balance
Percentage of
Discounted
Principal
Balance
Number of
Contracts2
Outstanding
Discounted Principal
Balance
Number of
Contracts4
Outstanding
Discounted Principal
Balance2
Number of
Contracts8
Outstanding
Discounted Principal
Balance3
Number of
Contracts9
Outstanding
Discounted Principal
Balance4
1 6.993 98,38% 34.182.213,71R$ 98,34% 6.352 31.974.137,82R$ 641 2.208.075,89R$ 6.836 33.417.870,03R$ 157 764.344
2-3 114 1,60% 572.753,93R$ 1,65% 107 548.222,19R$ 7 24.531,74R$ 86 429.773,94R$ 25 130.714
4-5 0 0,00% -R$ 0,00% 3 12.266
6-10 1 0,01% 5.118,75R$ 0,01% 1 5.118,75R$ 1 5.119
> 10 0 0,00% -R$ 0,00%
Total 7.108 100,00% 34.760.086,39R$ 100,00% 6.460 32.527.478,76R$ 648 2.232.607,63R$ 6.922 33.847.643,97R$ 186 912.442,42R$
Distribution by largest
customers
Contract
Concentration
Percentage
of Contracts
Outstanding
Discounted Principal
Balance
Percentage of
Discounted
Principal
Balance
Number of
Contracts2
Outstanding
Discounted Principal
Balance
Number of
Contracts4
Outstanding
Discounted Principal
Balance2
Number of
Contracts8
Outstanding
Discounted Principal
Balance3
Number of
Contracts9
Outstanding
Discounted Principal
Balance4
1 1 0,01% 27.551,74R$ 0,08% 1 27.551,74R$ 0 -R$ 1 27.551,74R$ 0 -R$
2 1 0,01% 25.990,94R$ 0,07% 1 25.990,94R$ 0 -R$ 1 25.990,94R$ 0 -R$
3 1 0,01% 24.448,44R$ 0,07% 1 24.448,44R$ 0 -R$ 1 24.448,44R$ 0 -R$
4 1 0,01% 23.893,61R$ 0,07% 1 23.893,61R$ 0 -R$ 1 23.893,61R$ 0 -R$
5 1 0,01% 22.863,86R$ 0,07% 1 22.863,86R$ 0 -R$ 1 22.863,86R$ 0 -R$
6 1 0,01% 22.743,61R$ 0,07% 1 22.743,61R$ 0 -R$ 0 -R$ 1 22.743,61R$
7 1 0,01% 22.296,91R$ 0,06% 1 22.296,91R$ 0 -R$ 1 22.296,91R$ 0 -R$
8 1 0,01% 22.055,83R$ 0,06% 0 -R$ 1 22.055,83R$ 1 22.055,83R$ 0 -R$
9 1 0,01% 21.580,65R$ 0,06% 1 21.580,65R$ 0 -R$ 1 21.580,65R$ 0 -R$
10 1 0,01% 20.989,08R$ 0,06% 1 20.989,08R$ 0 -R$ 1 20.989,08R$ 0 -R$
11 1 0,01% 20.970,81R$ 0,06% 1 20.970,81R$ 0 -R$ 1 20.970,81R$ 0 -R$
12 1 0,01% 20.808,53R$ 0,06% 1 20.808,53R$ 0 -R$ 1 20.808,53R$ 0 -R$
13 1 0,01% 20.700,88R$ 0,06% 1 20.700,88R$ 0 -R$ 1 20.700,88R$ 0 -R$
14 1 0,01% 20.439,36R$ 0,06% 1 20.439,36R$ 0 -R$ 1 20.439,36R$ 0 -R$
15 1 0,01% 20.378,48R$ 0,06% 1 20.378,48R$ 0 -R$ 1 20.378,48R$ 0 -R$
16 1 0,01% 20.345,80R$ 0,06% 1 20.345,80R$ 0 -R$ 0 -R$ 1 20.345,80R$
17 1 0,01% 20.211,69R$ 0,06% 1 20.211,69R$ 0 -R$ 1 20.211,69R$ 0 -R$
18 1 0,01% 20.108,13R$ 0,06% 1 20.108,13R$ 0 -R$ 1 20.108,13R$ 0 -R$
19 1 0,01% 20.103,46R$ 0,06% 1 20.103,46R$ 0 -R$ 1 20.103,46R$ 0 -R$
20 2 0,03% 20.060,70R$ 0,06% 2 20.060,70R$ 0 -R$ 0 -R$ 2 20.060,70R$
Total 1 - 20 21 0,30% 438.542,51R$ 1,26% 20 416.486,68R$ 1 22.055,83R$ 17 375.392,40R$ 4 63.150,11R$
Total 7.108 100,00% 34.760.086,39R$ 100,00%
Total PorfolioType of Car Customer Type
New Vehicle Used Vehicle Retail Corporate
Total PorfolioType of Car Customer Type
New Vehicle Used Vehicle Retail Corporate
19
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Pool Data II
Distribution by
Outstanding
Disounted Principal
Balance
Number of
Contracts
Percentage
of Contracts
Oustanding Discounted
Principal Balance
Percentage of
Discounted
Principal
Balance
Number of
Contracts2
Outstanding
Discounted Principal
Balance3
Number of
Contracts4
Outstanding
Discounted Principal
Balance6
Number of
Contracts8
Outstanding
Discounted Principal
Balance8
Number of
Contracts9
Outstanding
Discounted Principal
Balance10
< = 5000,00 4.233 59,55% 10.837.889,63R$ 31,18% 3.747 9.872.316,50R$ 486 965.573,13R$ 4.121 10.557.782,59R$ 112 280.107,04R$
5000,01 < 10000,00 2.249 31,64% 15.914.353,12R$ 45,78% 2.113 14.970.196,41R$ 136 944.156,71R$ 2.192 15.508.529,47R$ 57 405.823,65R$
10000,01 < 15000,00 515 7,25% 6.067.556,46R$ 17,46% 492 5.802.108,20R$ 23 265.448,26R$ 503 5.932.735,49R$ 12 134.820,97R$
15000,01 < 20000,00 92 1,29% 1.521.805,37R$ 4,38% 90 1.486.431,67R$ 2 35.373,70R$ 89 1.473.204,02R$ 3 48.601,35R$
20000,01 < 25000,00 17 0,24% 364.939,13R$ 1,05% 16 342.883,30R$ 1 22.055,83R$ 15 321.849,72R$ 2 43.089,41R$
25000,01 < 30000,00 2 0,03% 53.542,68R$ 0,15% 2 53.542,68R$ 0 -R$ 2 53.542,68R$ - -R$
30000,01 < 40000,00 0 0,00% -R$ 0,00%
40000,01 < 50000,00 0 0,00% -R$ 0,00%
Total 7.108 100,00% 34.760.086,39R$ 100,00% 6.460 32.527.478,76R$ 648 2.232.607,63R$ 6.922 33.847.643,97R$ 186 912.442,42R$
Distribution by
Original Discounted
Principal Balance
Number of
Contracts
Percentage
of Contracts
Oustanding Discounted
Principal Balance
Percentage of
Discounted
Principal
Balance
Number of
Contracts2
Outstanding
Discounted Principal
Balance3
Number of
Contracts4
Outstanding
Discounted Principal
Balance6
Number of
Contracts8
Outstanding
Discounted Principal
Balance8
Number of
Contracts9
Outstanding
Discounted Principal
Balance10
<= 5000,00 1 0,01% 314,65R$ 0,00% 1 314,65R$ 0 -R$ 1 314,65R$ 0 -R$
5000,01 < 10000,00 28 0,39% 32.673,73R$ 0,09% 9 12.458,73R$ 19 20.215,00R$ 28 32.673,73R$ 0 -R$
10000,01 < 15000,00 309 4,35% 724.523,82R$ 2,08% 184 495.674,29R$ 125 228.849,53R$ 305 714.518,08R$ 4 10.005,74R$
15000,01 < 20000,00 1.119 15,74% 3.641.220,18R$ 10,48% 923 3.089.874,49R$ 196 551.345,69R$ 1.097 3.575.027,05R$ 22 66.193,13R$
20000,01 < 25000,00 1.914 26,93% 7.576.114,74R$ 21,80% 1.736 6.868.024,43R$ 178 708.090,31R$ 1.871 7.417.981,27R$ 43 158.133,47R$
25000,01 < 30000,00 1.903 26,77% 9.563.715,25R$ 27,51% 1.826 9.192.997,88R$ 77 370.717,37R$ 1.852 9.334.221,72R$ 51 229.493,53R$
30000,01 < 40000,00 1.483 20,86% 9.909.474,54R$ 28,51% 1.439 9.628.229,21R$ 44 281.245,33R$ 1.439 9.646.436,97R$ 44 263.037,57R$
40000,01 < 50000,00 274 3,85% 2.376.254,08R$ 6,84% 268 2.342.000,20R$ 6 34.253,88R$ 259 2.261.457,33R$ 15 114.796,75R$
50000,01 < 60000,00 59 0,83% 734.191,18R$ 2,11% 57 702.167,11R$ 2 32.024,07R$ 55 682.125,75R$ 4 52.065,43R$
60000,01 < 70000,00 11 0,15% 129.758,72R$ 0,37% 10 123.892,27R$ 1 5.866,45R$ 9 117.537,12R$ 2 12.221,60R$
70000,01 < 80000,00 4 0,06% 30.776,01R$ 0,09% 4 30.776,01R$ 0 -R$ 3 24.280,81R$ 1 6.495,20R$
> 80000,00 3 0,04% 41.069,49R$ 0,12% 3 41.069,49R$ 0 -R$ 3 41.069,49R$ 0 -R$
Total 7.108 100,00% 34.760.086,39R$ 100,00% 6.460 32.527.478,76R$ 648 2.232.607,63R$ 6.922 33.847.643,97R$ 186 912.442,42R$
Total PorfolioType of Car Customer Type
New Vehicle Used Vehicle Retail Corporate
Statistics
Minimum Outstanding Discounted Principal Balance
Maximum Outstanding Discounted Principal Balance
Average Outstanding Discounted Principal Balance
48,78R$
27.551,74R$
4.890,28R$
Average Original Nominal Balance 32.201,92R$
Total PorfolioType of Car Customer Type
New Vehicle Used Vehicle Retail Corporate
Statistics
Minimum Original Nominal Balance 1.669,92R$
Maximum Original Nominal Balance 332.425,80R$
20
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Pool Data III
Distribution by
Original Term
Number of
Contracts
Percentage
of Contracts
Oustanding Discounted
Principal Balance
Percentage of
Discounted
Principal
Balance
Number of
Contracts2
Outstanding
Discounted Principal
Balance3
Number of
Contracts4
Outstanding
Discounted Principal
Balance6
Number of
Contracts8
Outstanding
Discounted Principal
Balance8
Number of
Contracts9
Outstanding
Discounted Principal
Balance10
01 - 12 0 0,00% -R$ 0,00%
13 - 24 0 0,00% -R$ 0,00%
25 - 36 8 0,11% 11.499,68R$ 0,03% 6 10.253,02R$ 2 1.246,66R$ 6 10.576,23R$ 2 923,45R$
37 - 48 1.416 19,92% 3.250.872,66R$ 9,35% 1.136 2.728.972,61R$ 280 521.900,05R$ 1.332 2.964.254,00R$ 84 286.618,66R$
49 - 60 5.684 79,97% 31.497.714,05R$ 90,61% 5.318 29.788.253,13R$ 366 1.709.460,92R$ 5.584 30.872.813,74R$ 100 624.900,31R$
Total 7.108 100,00% 34.760.086,39R$ 100,00% 6.460 32.527.478,76R$ 648 2.232.607,63R$ 6.922 33.847.643,97R$ 186 912.442,42R$
Distribution by
Remaining Term
Number of
Contracts
Percentage
of Contracts
Oustanding Discounted
Principal Balance
Percentage of
Discounted
Principal
Balance
Number of
Contracts2
Outstanding
Discounted Principal
Balance3
Number of
Contracts4
Outstanding
Discounted Principal
Balance6
Number of
Contracts8
Outstanding
Discounted Principal
Balance8
Number of
Contracts9
Outstanding
Discounted Principal
Balance10
01 - 12 5.480 77,10% 20.065.039,64R$ 57,72% 4.940 18.718.934,97R$ 540 1.346.104,67R$ 5.325 19.466.263,55R$ 155 598.776,09R$
13 - 24 1.614 22,71% 14.441.002,12R$ 41,54% 1.506 13.554.499,16R$ 108 886.502,96R$ 1.584 14.142.660,09R$ 30 298.342,03R$
25 - 36 14 0,20% 254.044,63R$ 0,73% 14 254.044,63R$ 0 -R$ 13 238.720,33R$ 1 15.324,30R$
37 - 48 0 0,00% -R$ 0,00%
49 - 60 0 0,00% -R$ 0,00%
Total 7.108 100,00% 34.760.086,39R$ 100,00% 6.460 32.527.478,76R$ 648 2.232.607,63R$ 6.922 33.847.643,97R$ 186 912.442,42R$
Distribution by
Seasoning
Number of
Contracts
Percentage
of Contracts
Oustanding Discounted
Principal Balance
Percentage of
Discounted
Principal
Balance
Number of
Contracts2
Outstanding
Discounted Principal
Balance3
Number of
Contracts4
Outstanding
Discounted Principal
Balance6
Number of
Contracts8
Outstanding
Discounted Principal
Balance8
Number of
Contracts9
Outstanding
Discounted Principal
Balance10
01 - 12 0 0,00% -R$ 0,00%
13 - 24 0 0,00% -R$ 0,00%
25 - 36 42 0,59% 522.426,45R$ 1,50% 35 489.517,81R$ 7 32.908,64R$ 36 450.158,04R$ 6 72.268,41R$
37 - 48 3.319 46,69% 19.743.534,96R$ 56,80% 2.927 18.302.451,23R$ 392 1.441.083,73R$ 3.206 19.240.376,09R$ 113 503.158,87R$
49 - 60 3.747 52,72% 14.494.124,98R$ 41,70% 3.498 13.735.509,72R$ 249 758.615,26R$ 3.680 14.157.109,84R$ 67 337.015,14R$
Total 7.108 100,00% 34.760.086,39R$ 100,00% 6.460 32.527.478,76R$ 648 2.232.607,63R$ 6.922 33.847.643,97R$ 186 912.442,42R$
Type of Car
New Vehicle Used Vehicle Retail Corporate
Customer Type
Type of Car
New Vehicle Used Vehicle
Customer Type
Retail Corporate
Weighted Average Original Term 57,9
Statistics
Minimum Original Term 5
Maximum Original Term 60
Total PorfolioNew Vehicle Used Vehicle Retail Corporate
Type of Car Customer Type
Weighted Average Remaining Term 10,9
Total Porfolio
Statistics
Minimum Remaining Term 0
Maximum Remaining Term 16
Weighted Average Seasoning 48,0
Total Porfolio
Statistics
Minimum Seasoning 44
Maximum Seasoning 60
21
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Pool Data IV
Distribution by brandNumber of
Contracts
Percentage
of Contracts
Outstanding
Discounted Principal
Balance
Percentage of
Discounted
Principal
Balance
Number of
Contracts2
Outstanding
Discounted Principal
Balance3
Number of
Contracts4
Outstanding
Discounted Principal
Balance6
Number of
Contracts8
Outstanding
Discounted Principal
Balance8
Number of
Contracts9
Outstanding
Discounted Principal
Balance10
AUDI 2 0,03% 32.557,88R$ 0,09% 2 32.557,88R$ 0 -R$ 2 32.557,88R$ 0 -R$
SEAT 0 0,00% -R$ 0,00% 0 -R$ 0 -R$ 0 -R$ 0 -R$
VW C&L 6.845 96,30% 33.747.682,77R$ 97,09% 6.409 32.222.505,97R$ 436 1.525.176,80R$ 6.663 32.850.612,56R$ 182 897.070,21R$
OTHER BRANDS 261 3,67% 979.845,74R$ 2,82% 49 272.414,91R$ 212 707.430,83R$ 257 964.473,53R$ 4 15.372,21R$
Total 7.108 100,00% 34.760.086,39R$ 100,00% 6.460 32.527.478,76R$ 648 2.232.607,63R$ 6.922 33.847.643,97R$ 186 912.442,42R$
Distribution by
Geographic
Distribution
Number of
Contracts
Percentage
of Contracts
Outstanding
Discounted Principal
Balance
Percentage of
Discounted
Principal
Balance
Number of
Contracts2
Outstanding
Discounted Principal
Balance3
Number of
Contracts4
Outstanding
Discounted Principal
Balance6
Number of
Contracts8
Outstanding
Discounted Principal
Balance8
Number of
Contracts9
Outstanding
Discounted Principal
Balance10
AC 31 0,44% 130.366,35R$ 0,38% 30 123.734,82R$ 1 6.631,53R$ 28 115.795,04R$ 3 14.571,31R$
AL 66 0,93% 264.352,60R$ 0,76% 64 262.352,85R$ 2 1.999,75R$ 64 260.110,78R$ 2 4.241,82R$
AM 52 0,73% 238.777,16R$ 0,69% 47 205.668,91R$ 5 33.108,25R$ 42 185.026,63R$ 10 53.750,53R$
AP 31 0,44% 221.388,75R$ 0,64% 31 221.388,75R$ 0 -R$ 31 221.388,75R$ - -R$
BA 253 3,56% 1.172.282,20R$ 3,37% 227 1.099.377,86R$ 26 72.904,34R$ 245 1.132.861,09R$ 8 39.421,11R$
CE 219 3,08% 955.998,87R$ 2,75% 202 919.636,61R$ 17 36.362,26R$ 218 955.319,29R$ 1 679,58R$
DF 175 2,46% 1.057.630,18R$ 3,04% 172 1.040.023,13R$ 3 17.607,05R$ 174 1.054.171,50R$ 1 3.458,68R$
ES 112 1,58% 580.256,58R$ 1,67% 102 547.295,22R$ 10 32.961,36R$ 107 539.038,53R$ 5 41.218,05R$
GO 325 4,57% 1.503.102,27R$ 4,32% 300 1.427.240,54R$ 25 75.861,73R$ 321 1.482.154,25R$ 4 20.948,02R$
MA 90 1,27% 355.327,32R$ 1,02% 88 354.240,21R$ 2 1.087,11R$ 90 355.327,32R$ - -R$
MG 757 10,65% 3.499.240,28R$ 10,07% 698 3.284.874,76R$ 59 214.365,52R$ 740 3.444.401,98R$ 17 54.838,30R$
MS 205 2,88% 1.045.303,35R$ 3,01% 193 1.010.755,09R$ 12 34.548,26R$ 201 1.033.834,75R$ 4 11.468,60R$
MT 126 1,77% 706.753,15R$ 2,03% 118 687.436,13R$ 8 19.317,02R$ 121 685.054,92R$ 5 21.698,23R$
PA 128 1,80% 749.113,31R$ 2,16% 117 707.044,45R$ 11 42.068,86R$ 125 735.247,00R$ 3 13.866,31R$
PB 117 1,65% 661.385,02R$ 1,90% 108 623.046,36R$ 9 38.338,66R$ 117 661.385,02R$ - -R$
PE 259 3,64% 1.259.965,39R$ 3,62% 242 1.202.385,09R$ 17 57.580,30R$ 258 1.256.820,72R$ 1 3.144,67R$
PI 115 1,62% 572.303,84R$ 1,65% 113 568.875,81R$ 2 3.428,03R$ 114 570.056,19R$ 1 2.247,65R$
PR 507 7,13% 2.329.327,26R$ 6,70% 432 2.102.197,88R$ 75 227.129,38R$ 481 2.203.896,77R$ 26 125.430,49R$
RJ 525 7,39% 2.571.111,22R$ 7,40% 471 2.345.010,68R$ 54 226.100,54R$ 517 2.544.495,17R$ 8 26.616,05R$
RN 60 0,84% 312.677,83R$ 0,90% 59 309.891,04R$ 1 2.786,79R$ 57 278.449,81R$ 3 34.228,02R$
RO 86 1,21% 398.209,53R$ 1,15% 77 373.580,79R$ 9 24.628,74R$ 85 397.609,94R$ 1 599,59R$
RR 15 0,21% 57.304,39R$ 0,16% 11 50.193,79R$ 4 7.110,60R$ 11 44.770,11R$ 4 12.534,28R$
RS 560 7,88% 2.647.338,16R$ 7,62% 513 2.496.307,19R$ 47 151.030,97R$ 545 2.558.929,80R$ 15 88.408,36R$
SC 609 8,57% 3.230.572,39R$ 9,29% 562 3.045.003,26R$ 47 185.569,13R$ 591 3.123.774,81R$ 18 106.797,58R$
SE 68 0,96% 283.966,02R$ 0,82% 61 255.926,76R$ 7 28.039,26R$ 66 276.739,88R$ 2 7.226,14R$
SP 1.568 22,06% 7.714.920,42R$ 22,19% 1.377 7.030.221,47R$ 191 684.698,95R$ 1.526 7.493.122,99R$ 42 221.797,43R$
TO 49 0,69% 241.112,55R$ 0,69% 45 233.769,31R$ 4 7.343,24R$ 47 237.860,93R$ 2 3.251,62R$
Total 7.108 100,00% 34.760.086,39R$ 100,00% 6.460 32.527.478,76R$ 648 2.232.607,63R$ 6.922 33.847.643,97R$ 186 912.442,42R$
Customer TypeRetail Corporate
Customer Type
Total PorfolioNew Vehicle Used Vehicle
Type of Car
Total PorfolioNew Vehicle Used Vehicle Retail Corporate
Type of Car
22
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Pool Data V
Distribution by Brand
& ModelModel
Number of
Contracts
Percentage of
Contracts
Outstanding Discounted
Principal Balance
Percentage of
Discounted
Principal
Balance
Number of
Contracts2
Outstanding Discounted
Principal Balance3
Number of
Contracts4
Outstanding Discounted
Principal Balance6
Number of
Contracts8
Outstanding Discounted
Principal Balance32
Number of
Contracts9
Outstanding Discounted
Principal Balance33
VW AMAROK 25 0,35% 245.558,93R$ 0,71% 22 233.319,26R$ 3 12.239,67R$ 19 195.904,07R$ 6 49.654,86R$
BORA 0 0,00% -R$ 0,00% 0 -R$ 0 -R$ 0 -R$ 0 -R$
CROSSFOX 111 1,56% 745.642,82R$ 2,15% 102 715.761,15R$ 9 29.881,67R$ 111 745.642,82R$ 0 -R$
FOX 1.348 18,96% 6.817.903,16R$ 19,61% 1.255 6.452.247,19R$ 93 365.655,97R$ 1.323 6.684.747,45R$ 25 133.155,71R$
FUSCA 0 0,00% -R$ 0,00% 0 -R$ 0 -R$ 0 -R$ 0 -R$
GOL 3.645 51,28% 16.747.639,14R$ 48,18% 3.447 16.123.952,56R$ 198 623.686,58R$ 3.566 16.402.814,03R$ 79 344.825,11R$
GOLF 34 0,48% 204.475,30R$ 0,59% 25 174.287,16R$ 9 30.188,14R$ 34 204.475,30R$ 0 -R$
JETTA 17 0,24% 148.396,11R$ 0,43% 15 146.771,70R$ 2 1.624,41R$ 17 148.396,11R$ 0 -R$
KOMBI 33 0,46% 135.731,67R$ 0,39% 23 113.742,55R$ 10 21.989,12R$ 17 55.659,98R$ 16 80.071,69R$
PARATI 5 0,07% 15.381,52R$ 0,04% 2 1.409,25R$ 3 13.972,27R$ 4 14.701,94R$ 1 679,58R$
PASSAT 1 0,01% 6.495,20R$ 0,02% 1 6.495,20R$ 0 -R$ 0 -R$ 1 6.495,20R$
POLO 31 0,44% 138.615,17R$ 0,40% 24 121.131,29R$ 7 17.483,88R$ 30 135.091,73R$ 1 3.523,44R$
POLO SEDAN 75 1,06% 473.922,19R$ 1,36% 60 414.553,13R$ 15 59.369,06R$ 73 451.004,19R$ 2 22.918,00R$
SANTANA 0 0,00% -R$ 0,00% 0 -R$ 0 -R$ 0 -R$ 0 -R$
SAVEIRO 235 3,31% 1.191.322,52R$ 3,43% 219 1.127.631,05R$ 16 63.691,47R$ 203 1.041.370,65R$ 32 149.951,87R$
SPACECROSS 20 0,28% 151.660,74R$ 0,44% 20 151.660,74R$ 0 -R$ 17 117.362,43R$ 3 34.298,31R$
SPACEFOX 112 1,58% 690.133,46R$ 1,99% 89 590.919,64R$ 23 99.213,82R$ 110 676.284,08R$ 2 13.849,38R$
TIGUAN 1 0,01% 6.496,85R$ 0,02% 1 6.496,85R$ 0 -R$ 1 6.496,85R$ 0 -R$
TOUAREG 0 0,00% -R$ 0,00% 0 -R$ 0 -R$ 0 -R$ 0 -R$
UP 2 0,03% 12.785,48R$ 0,04% 2 12.785,48R$ 0 -R$ 2 12.785,48R$ 0 -R$
VOYAGE 1.149 16,16% 6.011.274,58R$ 17,29% 1.101 5.825.093,84R$ 48 186.180,74R$ 1.135 5.953.627,52R$ 14 57.647,06R$
OTHER VW 1 0,01% 4.247,93R$ 0,01% 1 4.247,93R$ 0 -R$ 1 4.247,93R$ 0 -R$
Sub-Total VW 6.845 96,30% 33.747.682,77R$ 97,09% 6.409 32.222.505,97R$ 436 1.525.176,80R$ 6.663 32.850.612,56R$ 182 897.070,21R$
Audi A1 0 0,00% -R$ 0,00% 0 -R$ 0 -R$ 0 -R$ 0 -R$
A3 1 0,01% 17.892,65R$ 0,05% 1 17.892,65R$ 0 -R$ 1 17.892,65R$ 0 -R$
A4 0 0,00% -R$ 0,00% 0 -R$ 0 -R$ 0 -R$ 0 -R$
A5 1 0,01% 14.665,23R$ 0,04% 1 14.665,23R$ 0 -R$ 1 14.665,23R$ 0 -R$
Q3 0 0,00% -R$ 0,00% 0 -R$ 0 -R$ 0 -R$ 0 -R$
Sub-Total Audi 2 0,03% 32.557,88R$ 0,09% 2 32.557,88R$ 0 -R$ 2 32.557,88R$ 0 -R$
Seat IBIZA 0 0,00% -R$ 0,00% 0 -R$ 0 -R$ 0 -R$ 0 -R$
Sub-Total Seat 0 0,00% -R$ 0,00% 0 -R$ 0 -R$ 0 -R$ 0 -R$
OTHER BRANDS OTHER BRANDS 261 3,67% 979.845,74R$ 2,82% 49 272.414,91R$ 212 707.430,83R$ 257 964.473,53R$ 4 15.372,21R$
Sub-Total Other Brands 261 3,67% 979.845,74R$ 2,82% 49 272.414,91R$ 212 707.430,83R$ 257 964.473,53R$ 4 15.372,21R$
Total 7.108 100,00% 34.760.086,39R$ 100,00% 6.460 32.527.478,76R$ 648 2.232.607,63R$ 6.922 33.847.643,97R$ 186 912.442,42R$
Total PorfolioType of Car Customer Type
New Vehicle Used Vehicle Retail Corporate
23
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Pool Data IV
EA189 Engine statusNumber of
Contracts
Percentage of
Contracts
Outstanding Discounted
Principal Balance
Percentage of
Discounted
Principal
BalanceEA189 Engine 2 0,03% 8.990,27R$ 0,03%
Other 7.106 99,97% 34.751.096,12R$ 99,97%
Total 7.108 100,00% 34.760.086,39R$ 100,00%
Total Porfolio
24
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831
Publication Date: 30.06.2017
Period: 05.2017 / Period No. 42
Index
Glossary
ABS Remaining Nominal:
Collections:
Delinquent contract:
Late Delinquency:
Late Delinquency Ratio:
Original Maturity Date:
Outstanding Discounted Principal Balance:
Pool-Cut:
Present Value:
Recoveries:
Swap: Means the interest rate swap operations performed by the Fund, as provided in the Interest Rate Swap Agreement, with the purpose of
mitigating the potential mismatch between the fixed rate of its spot positions and the benchmark established for its class of quotas.
Original maturity date of each quota as of the inception of the transaction (as of cut off date).
Means with respect to a Sold Eligible Credit Right, the sum of the present value of all of its installments minus the sum of the present
values of its installments that have been already paid as of the immediately preceding Monthly Period. For the purposes of calculating the
Discounted Principal Balance, the installments will be discounted to the origination date of the Credit Right and at the Discount Rate, on the
basis of one year of 360 (three hundred and sixty) days being equivalent to 12 (twelve) months, each month consisting of 30 (thirty) days.
Present Value of the portfolio as of 12/17/2013 (considering the discount rate used for the deal and the 360-day convention).
Means the sum of the amounts of the Sold Eligible CreditRights, calculated at present value applying the Discount Rate.
All money received after the Write Off of a contract.
Contracts in arrears for more than 180 days.
Means, for any Payment Date a fraction, expressed as a percentage,
(a) the numerator of which is the sum of the Discounted Principal Balance of all Sold Eligible Credit Rights that have ever been overdue
and unpaid in arrears for one hundred and eighty (180) or more days from the Purchase Date through the end of the preceding Monthly
Period. The Discounted Principal Balance of each such Sold Eligible Credit Rights will be calculated at the end of the Monthly Period the
Sold Eligible Credit Right becomes for the first time overdue and unpaid in arrears for one hundred and eighty (180) or more days. It is
hereby understood that any payment of any overdue installment for one hundred and eighty (180) days or more will not affect the
calculation of the Late Delinquency Ratio;
(b) and the denominator of which is the aggregate Discounted Principal Balance of Sold Eligible Credit Rights on the Purchase Date.
The sum of all installments of the portfolio (future + delinquent).
Available Distribution Amount on each payment day as described in the Offering Circular.
The outstanding value of a contract which is past due more than 1 day.
25
Banco Volkswagen S.A.
Rua Volkswagen, nº 291
São Paulo - SP - Brazil
Tel: +55 11 5582 5831