Transaction Overview Bloomberg Ticker: NDFT Report for the period ended: 17/08/2015 Reporting Periods: From: To: Collection Period: 24/06/2015 31/07/2015 Determination Date: 10/08/2015 Interest Period: 24/06/2015 17/08/2015 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 2015-1 A GBP 147,300,000.00 147,300,000.00 15/07/2018 15/07/2023 1 mth GBP LIBOR 1.00% 2.00% 2015-1 B GBP 21,600,000.00 21,600,000.00 15/07/2018 15/07/2023 1 mth GBP LIBOR 1.55% 2.55% 2015-1 C GBP 31,800,000.00 31,800,000.00 15/07/2018 15/07/2023 1 mth GBP LIBOR 1.95% 2.95% 2015-1 D GBP 44,100,000.00 44,100,000.00 15/07/2018 15/07/2023 1 mth GBP LIBOR 2.50% 3.50% 2015-1 E GBP 22,800,000.00 22,800,000.00 15/07/2018 15/07/2023 1 mth GBP LIBOR 3.50% 4.50% 2015-1 F GBP 15,300,000.00 15,300,000.00 15/07/2018 15/07/2023 1 mth GBP LIBOR 4.50% 5.50% 2015-VFN N/A GBP 174,519,406.97 174,519,406.97 15/07/2018 15/07/2019 1 mth GBP LIBOR / CP Rate 1.25% - 1.75% 1.75% - 2.25% Originator VFN N/A GBP 63,093,225.56 63,093,225.56 N/A 15/07/2024 1 mth GBP LIBOR 9.00% N/A * Subject to extension Master Trust Assets and Liabilities Eligible Balance 541,765,640.86 Series 2015-1 282,900,000.00 2015-VFN 174,519,406.97 Originator VFN 63,093,225.56 Transferor Interest 21,253,008.33 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 E-mail 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 E-mail graham.stanford@newday.co.uk hoesli.labhart@newday.co.uk
Portfolio Key Performance Indicators Reporting Period Opening * (GBP) No of Accounts Average Account Balance (GBP) Jul-15 526,968,633.40 620,783 848.88 * 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 69,995,752.38 13.28% Reporting Period Purchases Received in Monthly Period (GBP) Purchase Rate Jul-15 77,761,989.85 14.76% Reporting Period Charges, Fees and Interchange in Monthly Period (GBP) Yield Jul-15 16,012,545.81 36.46% Reporting Period Charge-offs in Monthly Period (GBP) Gross Charge-off Rate Jul-15 5,331,132.62 12.14% Note: These tables report on both eligible and ineligible balances
Portfolio Stratifications - Designated Accounts as at 31 July 2015 Acount Balance Total Credit Balance 25,705 4.17% -1,649,808-0.30% No Balance 107,614 17.45% 0 0.00% 0.01-100 38,944 6.31% 1,880,313 0.34% 100.01-200 35,635 5.78% 5,452,034 0.99% 200.01-300 58,471 9.48% 14,601,879 2.66% 300.01-400 36,531 5.92% 12,839,158 2.34% 400.01-600 64,116 10.40% 32,039,253 5.83% 600.01-900 64,696 10.49% 48,378,645 8.80% 900.01-1,200 43,821 7.11% 45,639,509 8.31% 1,200.01-2,000 64,083 10.39% 99,661,410 18.14% 2,000.01-3,000 37,369 6.06% 91,024,930 16.57% 3,000.01-5,000 27,464 4.45% 102,959,485 18.74% 5,000.01-7,500 6,796 1.10% 40,883,647 7.44% 7,500.01-10,000 2,930 0.48% 25,416,710 4.63% 10,000.01 or more 2,520 0.41% 30,369,705 5.53% Average Balance 891 Credit Limit Total 0 353 0.06% -38,059-0.01% Less than 100 14,887 2.41% 565,085 0.10% 100.01-200 2,450 0.40% 367,894 0.07% 200.01-300 126,024 20.44% 18,805,506 3.42% 300.01-400 15,246 2.47% 3,691,261 0.67% 400.01-600 76,195 12.36% 26,646,534 4.85% 600.01-900 63,383 10.28% 34,468,395 6.27% 900.01-1,200 60,383 9.79% 35,231,845 6.41% 1,200.01-2,000 81,525 13.22% 80,404,886 14.63% 2,000.01-3,000 57,769 9.37% 77,155,368 14.04% 3,000.01-5,000 69,143 11.21% 122,473,290 22.29% 5,000.01-7,500 21,873 3.55% 48,283,994 8.79% 7,500.01-10,000 10,399 1.69% 27,903,252 5.08% 10,000.01 or more 17,070 2.77% 73,537,619 13.38% Total 616,347 99.94% 549,534,928 100.01% Average Credit Limit 1,927 Retail APR Total 0.00% 1,520 0.25% 2,833,332 0.57% 0.01% - 14.90% 15,582 2.53% 15,013,571 3.01% 14.91% - 24.90% 26,041 4.22% 9,820,554 1.97% 24.91% - 29.90% 92,070 14.93% 63,106,928 12.64% 29.91% - 34.90% 105,112 17.04% 91,094,522 18.24% 34.91% - 39.90% 145,697 23.63% 131,825,078 26.40% 39.91% - 44.90% 77,090 12.50% 57,996,908 11.61% 44.91% - 49.90% 131,385 21.30% 85,022,922 17.03% 49.91% - 54.90% 15,299 2.48% 41,635,605 8.34% 54.91% - 59.90% 192 0.03% 2,196 0.00% 59.91% or more 6,707 1.09% 989,177 0.20% Total 616,695 100.00% 499,340,792 100.00% Weighted Average Retail APR 38.37% Cash APR Total 0.00% 1,185 0.19% 339,321 0.69% 0.01% - 14.90% 15,055 2.44% 1,597,246 3.26% 14.91% - 24.90% 8,170 1.32% 163,143 0.33% 24.91% - 29.90% 9,751 1.58% 340,528 0.69% 29.91% - 34.90% 19,017 3.08% 653,807 1.33% 34.91% - 39.90% 236,262 38.31% 21,029,256 42.90% 39.91% - 44.90% 28,099 4.56% 2,148,511 4.38% 44.91% - 49.90% 97,064 15.74% 9,209,554 18.79% 49.91% - 54.90% 28,464 4.62% 3,081,471 6.29% 54.91% - 59.90% 56,712 9.20% 3,538,161 7.22% 59.91% or more 116,916 18.96% 6,913,426 14.10% Total 616,695 100.00% 49,014,424 100.00% Weighted Average Cash APR 45.02%
Account Age Total 0 to 6 months 156,561 25.39% 47,724,437 8.69% 7 to 12 months 91,584 14.85% 56,148,966 10.22% 13 to 24 months 144,885 23.49% 128,775,122 23.44% 25 to 36 months 66,462 10.78% 88,079,262 16.03% 37 to 48 months 18,046 2.93% 26,576,822 4.84% 49 to 60 months 4,504 0.73% 5,757,653 1.05% 61 to 72 months 1,246 0.20% 1,937,833 0.35% More than 72 months 133,407 21.63% 194,496,774 35.40% Weighted Average Account Age 64.4 months Region Total London 97,240 15.77% 80,381,383 14.63% South East 82,105 13.31% 77,273,291 14.06% North West 70,547 11.44% 60,237,894 10.96% East of England 57,060 9.25% 53,446,576 9.73% Scotland 54,139 8.78% 48,202,273 8.77% West Midlands 52,281 8.48% 46,040,370 8.38% South West 47,713 7.74% 43,361,303 7.89% Yorkshire and The Humber 45,448 7.37% 40,693,599 7.41% East Midlands 41,691 6.76% 37,945,436 6.91% Wales 28,084 4.55% 25,018,665 4.55% North East England 24,407 3.96% 22,014,056 4.01% Northern Ireland 13,980 2.27% 12,749,763 2.32% Other 2,000 0.32% 2,132,261 0.39% Delinquencies Total Current 564,338 91.51% 499,095,381 90.83% Up to 29 Days 15,900 2.58% 15,318,457 2.79% 30 to 59 Days 9,584 1.55% 9,204,026 1.67% 60 to 89 Days 8,007 1.30% 7,921,078 1.44% 90 to 119 Days 6,556 1.06% 6,245,308 1.14% 120 to 149 Days 6,589 1.07% 6,228,448 1.13% 150 to 179 Days 5,637 0.91% 5,379,058 0.98% Over 180 Days 84 0.01% 105,115 0.02% Payment Behaviour Total Accounts with Minimum Payment Made 119,432 27.42% 174,141,099 34.77% Accounts with Full Payment Made 62,786 14.41% 23,122,252 4.62% Total 182,218 41.83% 197,263,352 39.39% Note: Table only includes accounts with balances outstanding on the previous statement date Brand Total aqua 486,003 78.81% 383,960,602 69.87% marbles 53,072 8.61% 55,865,274 10.17% Opus 77,620 12.59% 109,670,993 19.96%
Series 2015-1 Notes Note Details Series 2015-1 2015-1 2015-1 2015-1 2015-1 2015-1 Class A B C D E F Currency GBP GBP GBP GBP GBP GBP ISIN XS1244057698 XS1244058316 XS1244058589 XS1244058746 XS1244059553 XS1244060304 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) 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 Pool Factor (Current) 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 Pay Frequency Monthly Monthly Monthly Monthly Monthly Monthly Next Distribution Date 15/09/2015 15/09/2015 15/09/2015 15/09/2015 15/09/2015 15/09/2015 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 17/08/2015 17/08/2015 17/08/2015 17/08/2015 17/08/2015 17/08/2015 Scheduled Start of Accumulation Period 01/07/2017 01/07/2017 01/07/2017 01/07/2017 01/07/2017 01/07/2017 Scheduled Redemption Date * 15/07/2018 15/07/2018 15/07/2018 15/07/2018 15/07/2018 15/07/2018 Final Redemption Date 15/07/2023 15/07/2023 15/07/2023 15/07/2023 15/07/2023 15/07/2023 Amortisation Type Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet *Subject to extension Current Period Rates Rate 0.53598% 0.53598% 0.53598% 0.53598% 0.53598% 0.53598% Margin 1.00000% 1.55000% 1.95000% 2.50000% 3.50000% 4.50000% All-In Rate 1.53598% 2.08598% 2.48598% 3.03598% 4.03598% 5.03598% Note Balances Note Size 147,300,000.00 21,600,000.00 31,800,000.00 44,100,000.00 22,800,000.00 15,300,000.00 Interest Due 334,725.81 66,659.92 116,956.85 198,078.98 136,139.69 113,992.51 Interest Paid 334,725.81 66,659.92 116,956.85 198,078.98 136,139.69 113,992.51 Unpaid Interest 0.00 0.00 0.00 0.00 0.00 0.00 Non-Rating Triggers Minimum Transferor Interest Series 2015-1 Portfolio Yield*** Series 2015-1 Eligible Balance Series 2015-1 [A] Transferor Interest * 11,055,116.19 [A] Average Portfolio Yield * ** N/A [A] Eligible Balance 294,451,066.55 [B] Available Originator VFN Excess Amount * 3,751,574.54 [B] Average Expense Rate ** N/A [B] Minimum Aggregate Principal 282,900,000.00 [C] = [A] + [B] 14,806,690.73 Excess Spread [A] - [B] ** N/A [D] Minimum Transferor Interest (GBP) ** 3,277,031.00 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
Series 2015-1 Notes Sources and Application of Funds Source of Funds Series 2015-1 Application of Available Funds Series 2015-1 Billed Finance Charges 10,107,879.57 Available Funds 10,465,698.85 Acquired Interchange 315,374.27 Recoveries 40,286.65 Payments: Investment Proceeds 2,158.36 Investor Aggregate Trustee Payment Amount LNI Costs Amount and Issuer Costs Amount 163.05 434.80 Available Funds 10,465,698.85 LNI Profit Amount and Issuer Profit Amount Investor Servicing Fee 4,448.02 965,303.40 Further Subscriptions - Qualifying Swap Amounts - Principal Collections 54,381,847.49 Class A Monthly Distribution Amount & Qualifying Swap Payments 334,725.81 Application of Principal Collections Series 2015-1 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 66,659.92 116,956.85 198,078.98-4,728,084.10 Available Principal Collections and Further Subscriptions 54,381,847.49 Class E Monthly Distribution Amount Class E Investor Defaults & Charge-offs 136,139.69 440,360.77 Reallocated Principal Collections - Class F Monthly Distribution Amount 113,992.51 Monthly Principal Amounts - Class F Investor Defaults & Charge-offs 295,505.26 Shared Principal Collections - OVFN Required Investor Accumulation Charge offs Reserve 330,270.58 Payments for Further 54,381,847.49 Amount - Excess Finance Charges - Cash Available for Investment - Subordinated Swap Payments - Excess Spread 2,734,575.12 Trustee Bank Account Ledgers Series 2015-1 Finance Charge Collections Ledger Principal Collections Ledger Consideration Ledger Liquidity Reserve Ledger Accumulation Reserve Ledger Opening Balance - - - - - Collections received 10,465,698.85 54,381,847.49 Payments out under Master Cash Settlement Agreement 8,414,983.63 54,381,847.49 Payments in - 4,150,000.00 - Payments out - - - Closing Balance 2,050,715.22 - - 4,150,000.00 - Required amount (if any) - 4,150,000.00 -
Originator VFN Notes Note Details Originator VFN Components Series Originator VFN Series 2015-1 Subordination 17,100,000.00 Class N/A 2015-VFN Subordination 39,090,638.28 Currency GBP Excess Amount 6,795,452.12 ISIN N/A Total 63,093,225.56 Fitch/DBRS Rating (Original) Not Rated Fitch/DBRS Rating (Current) Not Rated Pool Factor (Original) 1.00000 Pool Factor (Current) 1.00000 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 0.53598% Margin 9.00000% All-In Rate 9.53598% Note Balances Note Size 63,093,225.56 Interest Due 792,738.94 Interest Paid 792,738.94 Unpaid Interest 0.00 Non-Rating Triggers Minimum Transferor Interest Orignator VFN Portfolio Yield*** Originator VFN Eligible Balance Orignator VFN [A] Transferor Interest * 2,465,545.91 [A] Average Portfolio Yield * ** N/A [A] Eligible Balance 65,669,379.85 [B] Available Originator VFN Excess Amount * 836,687.66 [B] Average Expense Rate ** N/A [B] Minimum Aggregate Principal 56,190,638.28 [C] = [A] + [B] 3,302,233.57 Excess Spread [A] - [B] ** N/A [D] Minimum Transferor Interest (GBP) ** 730,853.50 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
Originator VFN Notes Sources and Application of Funds Source of Funds Orignator VFN Application of Available Funds Originator VFN Billed Finance Charges 2,254,290.30 Acquired Interchange 70,335.74 Available Funds 2,334,092.25 Recoveries 8,984.85 Investment Proceeds 481.36 Payments: Investor Aggregate Trustee Payment Amount 36.36 Available Funds 2,334,092.25 LNI Costs Amount and Issuer Costs Amount 96.97 LNI Profit Amount and Issuer Profit Amount 1,069.71 Further Subscriptions - Investor Servicing Fee 215,284.92 Principal Collections 12,128,406.40 Qualifying Swap Amounts - Excess Amount - Aggregate Supported Finance Charge Shortfalls Aggregate Supported Defaults & Charge-offs 133,317.05 Application of Principal Collections Orignator VFN Originator VFN Monthly Distribution Amount 792,738.94 Excess Finance Charges - Available Principal Collections and Further Subscriptions 12,128,406.40 Subordinated Swap Payments - Reallocated Principal Collections - Excess Spread 1,191,548.30 Monthly Principal Amounts - Excess Spread Percentage 18.14% Shared Principal Collections - Payments for Further 12,128,406.40 Cash Available for Investment - Trustee Bank Account Ledgers Origniator VFN Finance Charge Collections Ledger Principal Collections Ledger Consideration Ledger Opening Balance - - - Collections received 2,334,092.25 12,128,406.40 Payments out under Master Cash Settlement Agreement 1,876,735.45 12,128,406.40 Payments in - Payments out - Closing Balance 457,356.80 - - Required amount (if any) -
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 6,235,493.63 ISIN N/A Acquired Interchange 194,552.60 Fitch/DBRS Rating (Original) BBBsf/BBB(sf) Recoveries 24,852.61 Fitch/DBRS Rating (Current) BBBsf/BBB(sf) Investment Proceeds 1,331.48 Pool Factor (Original) 1.00000 Pool Factor (Current) 1.00000 Available Funds 6,456,230.32 Pay Frequency Monthly - Next Distribution Date 15/09/2015 Further Subscriptions - Interest Basis 1mth GBP LIBOR / CP Rate Principal Collections 33,547,853.57 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 33,547,853.57 *Subject to extension Reallocated Principal Collections - Monthly Principal Amounts - Current Period Rates Shared Principal Collections - Rate 0.25% - 0.75% Payments for Further 33,547,853.57 Margin 1.25% - 1.75% All-In Rate 1.75% - 2.25% 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 6,456,230.32 33,547,853.57 Payments out under Master Cash Settlement Agreement 5,191,155.72 33,547,853.57 Payments in - 2,879,570.21 - Payments out - - - Closing Balance 1,265,074.60 - - 2,879,570.21 - Required amount (if any) - 2,879,570.21 - 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