Required Rating* (Fitch ST/LT, DBRS LT**) (Fitch ST/LT, DBRS LT**) Replacement within specified period

Transcription

1 Transaction Overview Bloomberg Ticker: NDFT Report for the period ended: 17/08/2015 Reporting Periods: From: To: Collection Period: 24/06/ /07/2015 Determination Date: 10/08/2015 Interest Period: 24/06/ /08/2015 Transfer Date: 14/08/2015 Interest Payment Date: 17/08/2015 Series Note Class Currency Issuance Amount Outstanding Amount Scheduled Redemption Date * Final Redemption Date Interest Basis Margin Step-up Margin A GBP 147,300, ,300, /07/ /07/ mth GBP LIBOR 1.00% 2.00% B GBP 21,600, ,600, /07/ /07/ mth GBP LIBOR 1.55% 2.55% C GBP 31,800, ,800, /07/ /07/ mth GBP LIBOR 1.95% 2.95% D GBP 44,100, ,100, /07/ /07/ mth GBP LIBOR 2.50% 3.50% E GBP 22,800, ,800, /07/ /07/ mth GBP LIBOR 3.50% 4.50% F GBP 15,300, ,300, /07/ /07/ mth GBP LIBOR 4.50% 5.50% 2015-VFN N/A GBP 174,519, ,519, /07/ /07/ mth GBP LIBOR / CP Rate 1.25% % 1.75% % Originator VFN N/A GBP 63,093, ,093, N/A 15/07/ mth GBP LIBOR 9.00% N/A * Subject to extension Master Trust Assets and Liabilities Eligible Balance 541,765, Series ,900, VFN 174,519, Originator VFN 63,093, Transferor Interest 21,253, CRR Retention 15.57% The Transferor confirms that it will retain a material net economic interest of not less than 5% of the nominal value of the securitisation in accordance with Article 405 of the CRR and Article 51 of the AIFMR, by way of an originator's interest of not less than 5% of the nominal value of the securitised exposures. As at the reporting date this retention is in the form of the Originator VFN Loan Note. Transaction Party Ratings Triggers RT Account Bank LNI Account Bank Issuer Account Bank Transferor Collection Account Bank Primary Collection Account Bank *Long Term rating only required where Short Term rating is not available **In the event that a DBRS rating is not available, a DBRS Equivalent Rating, as defined in the Transaction Documents will be used Name Required Rating* Current Rating* (Fitch ST/LT, DBRS LT**) (Fitch ST/LT, DBRS LT**) Trigger Status HSBC Bank Plc F1 / A, A F1+ / AA-, AA (low) Pass HSBC Bank Plc F1 / A, A F1+ / AA-, AA (low) Pass HSBC Bank Plc F1 / A, A F1+ / AA-, AA (low) Pass HSBC Bank Plc F1 / A, A F1+ / AA-, AA (low) Pass Lloyds Bank Plc F2/ BBB+, BBB F1 / A+, AA (low) Pass Consequences of Trigger Breach Counterparty Role Transferor: Originator: Servicer: Cash Manager: Trustee Back-up Cash Manager: RT / LNI / Issuer Account Bank: Transferor Account Bank Primary Collection Account Bank Counterparty NewDay Funding Transferor Plc NewDay Ltd NewDay Cards Ltd NewDay Cards Ltd HSBC Corporate Trustees (UK) Ltd Citibank N.A HSBC Bank Plc HSBC Bank Plc Lloyds Banking Group Plc Contact Name Graham Stanford / Hoesli Labhart Graham Stanford / Hoesli Labhart Graham Stanford / Hoesli Labhart Graham Stanford / Hoesli Labhart CTLA Trustee Services Administration Davide Pluchino Paul Kennedy Paul Kennedy Sam Baird Contact graham.stanford@newday.co.uk / hoesli.labhart@newday.co.uk graham.stanford@newday.co.uk / hoesli.labhart@newday.co.uk graham.stanford@newday.co.uk / hoesli.labhart@newday.co.uk graham.stanford@newday.co.uk / hoesli.labhart@newday.co.uk ctla.trustee.admin@hsbc.com davide.pluchino@citi.com ctla.accountbank@hsbc.com ctla.accountbank@hsbc.com Sam.Baird@lloydsbanking.com Key Contacts Graham Stanford Hoesli Labhart Contact graham.stanford@newday.co.uk hoesli.labhart@newday.co.uk

2 Portfolio Key Performance Indicators Reporting Period Opening * (GBP) No of Accounts Average Account Balance (GBP) Jul ,968, , * Balances will not exactly match those set out in the stratification tables due to those tables showing Designated Accounts only Reporting Period Payments Received in Monthly Period (GBP) Payment Rate Jul-15 69,995, % Reporting Period Purchases Received in Monthly Period (GBP) Purchase Rate Jul-15 77,761, % Reporting Period Charges, Fees and Interchange in Monthly Period (GBP) Yield Jul-15 16,012, % Reporting Period Charge-offs in Monthly Period (GBP) Gross Charge-off Rate Jul-15 5,331, % Note: These tables report on both eligible and ineligible balances

3 Portfolio Stratifications - Designated Accounts as at 31 July 2015 Acount Balance Total Credit Balance 25, % -1,649, % No Balance 107, % % , % 1,880, % , % 5,452, % , % 14,601, % , % 12,839, % , % 32,039, % , % 48,378, % ,200 43, % 45,639, % 1, ,000 64, % 99,661, % 2, ,000 37, % 91,024, % 3, ,000 27, % 102,959, % 5, ,500 6, % 40,883, % 7, ,000 2, % 25,416, % 10, or more 2, % 30,369, % Average Balance 891 Credit Limit Total % -38, % Less than , % 565, % , % 367, % , % 18,805, % , % 3,691, % , % 26,646, % , % 34,468, % ,200 60, % 35,231, % 1, ,000 81, % 80,404, % 2, ,000 57, % 77,155, % 3, ,000 69, % 122,473, % 5, ,500 21, % 48,283, % 7, ,000 10, % 27,903, % 10, or more 17, % 73,537, % Total 616, % 549,534, % Average Credit Limit 1,927 Retail APR Total 0.00% 1, % 2,833, % 0.01% % 15, % 15,013, % 14.91% % 26, % 9,820, % 24.91% % 92, % 63,106, % 29.91% % 105, % 91,094, % 34.91% % 145, % 131,825, % 39.91% % 77, % 57,996, % 44.91% % 131, % 85,022, % 49.91% % 15, % 41,635, % 54.91% % % 2, % 59.91% or more 6, % 989, % Total 616, % 499,340, % Weighted Average Retail APR 38.37% Cash APR Total 0.00% 1, % 339, % 0.01% % 15, % 1,597, % 14.91% % 8, % 163, % 24.91% % 9, % 340, % 29.91% % 19, % 653, % 34.91% % 236, % 21,029, % 39.91% % 28, % 2,148, % 44.91% % 97, % 9,209, % 49.91% % 28, % 3,081, % 54.91% % 56, % 3,538, % 59.91% or more 116, % 6,913, % Total 616, % 49,014, % Weighted Average Cash APR 45.02%

4 Account Age Total 0 to 6 months 156, % 47,724, % 7 to 12 months 91, % 56,148, % 13 to 24 months 144, % 128,775, % 25 to 36 months 66, % 88,079, % 37 to 48 months 18, % 26,576, % 49 to 60 months 4, % 5,757, % 61 to 72 months 1, % 1,937, % More than 72 months 133, % 194,496, % Weighted Average Account Age 64.4 months Region Total London 97, % 80,381, % South East 82, % 77,273, % North West 70, % 60,237, % East of England 57, % 53,446, % Scotland 54, % 48,202, % West Midlands 52, % 46,040, % South West 47, % 43,361, % Yorkshire and The Humber 45, % 40,693, % East Midlands 41, % 37,945, % Wales 28, % 25,018, % North East England 24, % 22,014, % Northern Ireland 13, % 12,749, % Other 2, % 2,132, % Delinquencies Total Current 564, % 499,095, % Up to 29 Days 15, % 15,318, % 30 to 59 Days 9, % 9,204, % 60 to 89 Days 8, % 7,921, % 90 to 119 Days 6, % 6,245, % 120 to 149 Days 6, % 6,228, % 150 to 179 Days 5, % 5,379, % Over 180 Days % 105, % Payment Behaviour Total Accounts with Minimum Payment Made 119, % 174,141, % Accounts with Full Payment Made 62, % 23,122, % Total 182, % 197,263, % Note: Table only includes accounts with balances outstanding on the previous statement date Brand Total aqua 486, % 383,960, % marbles 53, % 55,865, % Opus 77, % 109,670, %

5 Series Notes Note Details Series Class A B C D E F Currency GBP GBP GBP GBP GBP GBP ISIN XS XS XS XS XS XS Fitch/DBRS Rating (Original) AAAsf/AAA(sf) AAsf/AA(high)(sf) Asf/A(high)(sf) BBBsf/BBB(high)(sf) BBsf/BB(high)(sf) Bsf/B(high)(sf) Fitch/DBRS Rating (Current) AAAsf/AAA(sf) AAsf/AA(high)(sf) Asf/A(high)(sf) BBBsf/BBB(high)(sf) BBsf/BB(high)(sf) Bsf/B(high)(sf) Pool Factor (Original) Pool Factor (Current) Pay Frequency Monthly Monthly Monthly Monthly Monthly Monthly Next Distribution Date 15/09/ /09/ /09/ /09/ /09/ /09/2015 Interest Basis 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR Status Revolving Period Revolving Period Revolving Period Revolving Period Revolving Period Revolving Period First Distribution Date 17/08/ /08/ /08/ /08/ /08/ /08/2015 Scheduled Start of Accumulation Period 01/07/ /07/ /07/ /07/ /07/ /07/2017 Scheduled Redemption Date * 15/07/ /07/ /07/ /07/ /07/ /07/2018 Final Redemption Date 15/07/ /07/ /07/ /07/ /07/ /07/2023 Amortisation Type Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet *Subject to extension Current Period Rates Rate % % % % % % Margin % % % % % % All-In Rate % % % % % % Note Balances Note Size 147,300, ,600, ,800, ,100, ,800, ,300, Interest Due 334, , , , , , Interest Paid 334, , , , , , Unpaid Interest Non-Rating Triggers Minimum Transferor Interest Series Portfolio Yield*** Series Eligible Balance Series [A] Transferor Interest * 11,055, [A] Average Portfolio Yield * ** N/A [A] Eligible Balance 294,451, [B] Available Originator VFN Excess Amount * 3,751, [B] Average Expense Rate ** N/A [B] Minimum Aggregate Principal 282,900, [C] = [A] + [B] 14,806, Excess Spread [A] - [B] ** N/A [D] Minimum Transferor Interest (GBP) ** 3,277, Trigger [C] < [D] Pass Trigger [A] < [B] N/A Trigger [A] < [B] Pass Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event * Average over 90 consecutive days * Includes Investor Defaults ** As 1.11% of Average over the previous 90 days, excluding Cash Available for ** Average over three periods Investment, Credit Balances and Cashback *** Portfolio yield is not required to be reported for the first two reporting periods

6 Series Notes Sources and Application of Funds Source of Funds Series Application of Available Funds Series Billed Finance Charges 10,107, Available Funds 10,465, Acquired Interchange 315, Recoveries 40, Payments: Investment Proceeds 2, Investor Aggregate Trustee Payment Amount LNI Costs Amount and Issuer Costs Amount Available Funds 10,465, LNI Profit Amount and Issuer Profit Amount Investor Servicing Fee 4, , Further Subscriptions - Qualifying Swap Amounts - Principal Collections 54,381, Class A Monthly Distribution Amount & Qualifying Swap Payments 334, Application of Principal Collections Series Class B Monthly Distribution Amount Class C Monthly Distribution Amount Class D Monthly Distribution Amount Required Liquidity Reserve Amount top-up Class A - D Investor Defaults & Charge-offs 66, , , ,728, Available Principal Collections and Further Subscriptions 54,381, Class E Monthly Distribution Amount Class E Investor Defaults & Charge-offs 136, , Reallocated Principal Collections - Class F Monthly Distribution Amount 113, Monthly Principal Amounts - Class F Investor Defaults & Charge-offs 295, Shared Principal Collections - OVFN Required Investor Accumulation Charge offs Reserve 330, Payments for Further 54,381, Amount - Excess Finance Charges - Cash Available for Investment - Subordinated Swap Payments - Excess Spread 2,734, Trustee Bank Account Ledgers Series Finance Charge Collections Ledger Principal Collections Ledger Consideration Ledger Liquidity Reserve Ledger Accumulation Reserve Ledger Opening Balance Collections received 10,465, ,381, Payments out under Master Cash Settlement Agreement 8,414, ,381, Payments in - 4,150, Payments out Closing Balance 2,050, ,150, Required amount (if any) - 4,150,

7 Originator VFN Notes Note Details Originator VFN Components Series Originator VFN Series Subordination 17,100, Class N/A 2015-VFN Subordination 39,090, Currency GBP Excess Amount 6,795, ISIN N/A Total 63,093, Fitch/DBRS Rating (Original) Not Rated Fitch/DBRS Rating (Current) Not Rated Pool Factor (Original) Pool Factor (Current) Pay Frequency Monthly Next Distribution Date 15/09/2015 Interest Basis 1mth GBP LIBOR Status Revolving Period First Distribution Date 17/08/2015 Scheduled Start of Accumulation Period N/A Scheduled Redemption Date * 15/07/2018 Final Redemption Date 15/07/2023 Amortisation Type Soft Bullet *Subject to extension Current Period Rates Rate % Margin % All-In Rate % Note Balances Note Size 63,093, Interest Due 792, Interest Paid 792, Unpaid Interest 0.00 Non-Rating Triggers Minimum Transferor Interest Orignator VFN Portfolio Yield*** Originator VFN Eligible Balance Orignator VFN [A] Transferor Interest * 2,465, [A] Average Portfolio Yield * ** N/A [A] Eligible Balance 65,669, [B] Available Originator VFN Excess Amount * 836, [B] Average Expense Rate ** N/A [B] Minimum Aggregate Principal 56,190, [C] = [A] + [B] 3,302, Excess Spread [A] - [B] ** N/A [D] Minimum Transferor Interest (GBP) ** 730, Trigger [C] < [D] Pass Trigger [A] < [B] N/A Trigger [A] < [B] Pass Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event * Average over 90 consecutive days * Includes Investor Defaults ** As 1.11% of Average over the previous 90 days, excluding Cash Available for ** Average over three periods Investment, Credit Balances and Cashback *** Portfolio yield is not required to be reported for the first two reporting periods

8 Originator VFN Notes Sources and Application of Funds Source of Funds Orignator VFN Application of Available Funds Originator VFN Billed Finance Charges 2,254, Acquired Interchange 70, Available Funds 2,334, Recoveries 8, Investment Proceeds Payments: Investor Aggregate Trustee Payment Amount Available Funds 2,334, LNI Costs Amount and Issuer Costs Amount LNI Profit Amount and Issuer Profit Amount 1, Further Subscriptions - Investor Servicing Fee 215, Principal Collections 12,128, Qualifying Swap Amounts - Excess Amount - Aggregate Supported Finance Charge Shortfalls Aggregate Supported Defaults & Charge-offs 133, Application of Principal Collections Orignator VFN Originator VFN Monthly Distribution Amount 792, Excess Finance Charges - Available Principal Collections and Further Subscriptions 12,128, Subordinated Swap Payments - Reallocated Principal Collections - Excess Spread 1,191, Monthly Principal Amounts - Excess Spread Percentage 18.14% Shared Principal Collections - Payments for Further 12,128, Cash Available for Investment - Trustee Bank Account Ledgers Origniator VFN Finance Charge Collections Ledger Principal Collections Ledger Consideration Ledger Opening Balance Collections received 2,334, ,128, Payments out under Master Cash Settlement Agreement 1,876, ,128, Payments in - Payments out - Closing Balance 457, Required amount (if any) -

9 Series 2015-VFN Notes Note Details Series Series 2015-VFN 2015-VFN Sources and Application of Funds Class N/A Source of Funds Series 2015-VFN Currency GBP Billed Finance Charges 6,235, ISIN N/A Acquired Interchange 194, Fitch/DBRS Rating (Original) BBBsf/BBB(sf) Recoveries 24, Fitch/DBRS Rating (Current) BBBsf/BBB(sf) Investment Proceeds 1, Pool Factor (Original) Pool Factor (Current) Available Funds 6,456, Pay Frequency Monthly - Next Distribution Date 15/09/2015 Further Subscriptions - Interest Basis 1mth GBP LIBOR / CP Rate Principal Collections 33,547, Status Revolving Period First Distribution Date 17/08/2015 Scheduled Start of Accumulation Period N/A Scheduled Redemption Date * 15/07/2018 Application of Principal Collections Series 2015-VFN Final Redemption Date 15/07/2023 Amortisation Type Soft Bullet Available Principal Collections and Further Subscriptions 33,547, *Subject to extension Reallocated Principal Collections - Monthly Principal Amounts - Current Period Rates Shared Principal Collections - Rate 0.25% % Payments for Further 33,547, Margin 1.25% % All-In Rate 1.75% % Cash Available for Investment - Trustee Bank Account Ledgers 2014-VFN Finance Charge Collections Ledger Principal Collections Ledger Consideration Ledger Liquidity Reserve Ledger Accumulation Reserve Ledger Opening Balance Collections received 6,456, ,547, Payments out under Master Cash Settlement Agreement 5,191, ,547, Payments in - 2,879, Payments out Closing Balance 1,265, ,879, Required amount (if any) - 2,879, Non-Rating Triggers Minimum Transferor Interest Series 2015-VFN Portfolio Yield Series 2015-VFN Eligible Balance Series 2015-VFN Trigger Pass Trigger N/A Trigger Pass Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event