F. van Lanschot Bankiers N.V. Monthly Investor Report Dutch - - PDF document
F. van Lanschot Bankiers N.V. Monthly Investor Report Dutch National Transparency Template Covered Bond Reporting period: 1 May 2017 - 31 May 2017 Reporting Date: 19 June 2017 AMOUNTS ARE IN EURO F. van Lanschot Bankiers www.vanlanschot.nl
www.vanlanschot.nl Report Version 2.1 - February 2016
Page Covered Bonds 3 Asset Cover Test 4 Counterparty Credit Ratings & Triggers 5 Ledgers & Investments 6 Regulatory Information 7 Delinquencies 8 Stratifications 9 Glossary 26 Contact Information 29 2 of 29
Investor Report: 1 May 2017 - 31 May 2017
Series ISIN Currency Initial Principal Balance* Outstanding Amount* Coupon Issuance Date Maturity Date IRS Counterparty Redemption Type LCR HQLA Category Serie 2 XS1224002474 EUR 500,000,000 500,000,000 0.2750% 28/04/15 28/04/22 Pass-through 1 Serie 3 XS1387192435 EUR 500,000,000 500,000,000 0.3750% 31/03/16 31/03/23 Pass-through 1 Serie 4 XS1565570212 EUR 500,000,000 500,000,000 0.8750% 15/02/17 15/02/27 Pass-through 1 * Amounts to be reported in the relevant currency, and also the euro-equivalent amounts
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Investor Report: 1 May 2017 - 31 May 2017
Asset Cover Test A 1,774,952,308.67 B 1,922,355.12 C 0.00 D 0.00 E 0.00 X 0.00 Y 0.00 Z 0.00
1,776,874,663.79
1,500,000,000.00
Pass
118.46 %
95.00 % 80.00 % 80.00 % 90.00 % 100.00 % 2,605,650.68 Asset percentage Cap LTV Cut-Off indexed valuation % non-NHG Cap LTV Cut-Off indexed valuation % NHG % of Index Increases % of Index Decreases Reserve Fund Required Amount Supplemental Liquidity Reserve Amount Deduction Set-Off 51,884,686.30 Ratings S&P AAA Moody's N/A Fitch AAA Other UCITS compliant True CRR compliant True ECBC Label compliant True Overcollateralisation Legally required minimum OC 5.00 % Documented minimum OC 15.00 % Available Nominal OC 128.42 % 4 of 29
Investor Report: 1 May 2017 - 31 May 2017
S&P (ST/LT) Moody's (ST/LT) Fitch (ST/LT) DBRS (ST/LT) Role Party Rating trigger Current rating Rating trigger Current rating Rating trigger Current rating Rating trigger Current rating Consequence if breached* CBC Account Bank Société Générale S.A., Amsterdam Branch / A A-1 / A / / F1 / A F1 / A / / Another party has to fulfill the CBC Account Bank role Issuer
Bankiers N.V. / A-2 / BBB+ / / F2 / A- F2 / BBB+ / / No consequences * Event is triggered if credit rating is below the rating as mentioned in the table
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Investor Report: 1 May 2017 - 31 May 2017
Revenue Ledger 0.00 Principal Ledger 0.00 Reserve Fund Ledger 0.00 Total 0.00
Ledgers Substitution Assets Balance 0.00 Authorised Investments Balance 0.00 Total 0.00 Investments Outflows 0.00 Required Liquidity Buffer 0.00 Inflows 0.00 Cash Bonds Available Liquidity Buffer 0.00 Liquidity Buffer 6 of 29
Investor Report: 1 May 2017 - 31 May 2017
Article 129 CRR "Exposures in the form of covered bonds" (7) Exposures in the form of covered bonds are eligible for preferential treatment, provided that the institution investing in the covered bonds can demonstrate to the competent authorities that: (a) it receives portfolio information at least on: (i) the value of the covered pool and outstanding covered bonds; value of the cover pool table Portfolio characteristics value of the outstanding covered bonds table Covered Bonds (ii) the geographical distribution and type of cover assets, loan size, interest rate and currency risks; geographical distribution of cover assets table 14 Geographical Distribution type of cover assets table Portfolio Characteristics loan size table 3 Outstanding Loan Amount interest rate risk and currency risk table Covered Bonds for coupon and currency information of the covered bonds table 10 Coupon for coupons of mortgages table Counterparty Ratings & Triggers for IRS/TRS information See base prospectus for information about hedging Only EUR denominated mortgages: see BP (iii) the maturity structure of cover assets and covered bonds; and maturity structure of cover assets table 6 Legal Maturity maturity structure of covered bonds table Covered Bonds (iv) the percentage of loans more than ninety days past due; table Delinquencies (b) the issuer makes the information referred to in point (a) available to the institution at least semi annually. table Portfolio Characteristics
Legally required minimum OC table Asset Cover Test Documented minimum OC table Asset Cover Test Nominal OC table Asset Cover Test 7 of 29
Investor Report: 1 May 2017 - 31 May 2017
From ( > ) Until ( <= ) Arrears Amount Aggregate Outstanding Not. Amount % of Total Nr of Mortgage Loanparts % of Total Weighted Average Coupon Weighted Average Maturity Weighted Average CLTIMV Performing 0.00 1,916,106,800.23 99.57 % 8,672 99.56 % 2.90 % 19.08 60.91 % <= 30 days 5,263.39 221,545.03 0.01 % 2 0.02 % 2.52 % 13.75 46.81 % 30 days 60 days 43,160.56 7,639,589.78 0.40 % 33 0.38 % 2.93 % 20.84 56.18 % 60 days 90 days 2,563.40 365,637.81 0.02 % 3 0.03 % 2.77 % 11.03 34.39 % 90 days 120 days 0.00 0.00 0.00 % 0.00 % 0.00 % 0.00 0.00 % 120 days 150 days 0.00 0.00 0.00 % 0.00 % 0.00 % 0.00 0.00 % 150 days 180 days 0.00 0.00 0.00 % 0.00 % 0.00 % 0.00 0.00 % 180 days > 0.00 0.00 0.00 % 0.00 % 0.00 % 0.00 0.00 % Total 50,987.35 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Principal amount 1,932,864,920.01 Value of saving deposits 8,531,347.16 Net principal balance 1,924,333,572.85 Construction Deposits 10,995,253.96 Net principal balance excl. Construction and Saving Deposits 1,913,338,318.89 Number of loans 4,553 Number of loanparts 8,710 Average principal balance (borrower) 422,651.78 Average principal balance (loanpart) 221,913.31 Weighted average current interest rate 2.90 % Weighted average maturity (in years) 19.09 Weighted average remaining time to interest reset (in years) 6.50 Weighted average seasoning (in years) 10.33 Weighted average CLTOMV 64.00 % Weighted average CLTIMV 60.88 % Maximum current interest rate 6.60 % Minimum current interest rate 1.50 % Type of cover assets: Dutch Residential Mortgages Currency Portfolio: EUR Frequency of publication National Transparancy Template: Monthly
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Weighted Average Coupon Weighted Average Maturity (year) Weighted Average CLTIMV Annuity 169,372,045.87 8.80 % 746 8.56 % 2.57 % 26.63 63.60 % Investment 95,339,114.13 4.95 % 404 4.64 % 3.00 % 16.13 75.20 % Interest Only 1,413,198,420.56 73.44 % 6,082 69.83 % 2.91 % 18.79 58.97 % Life 156,874,356.66 8.15 % 906 10.40 % 3.02 % 14.53 65.17 % Lineair 72,630,986.15 3.77 % 431 4.95 % 2.71 % 21.35 61.12 % Savings 16,918,649.48 0.88 % 141 1.62 % 4.89 % 17.73 71.77 % Total 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loans % of Total Weighted Average Coupon Weighted Average Maturity (year) Weighted Average CLTIMV <= 25,000 1,155,714.20 0.06 % 76 1.67 % 3.50 % 11.07 6.53 % 25,000 - 50,000 4,999,199.54 0.26 % 129 2.83 % 3.42 % 11.87 12.57 % 50,000 - 75,000 11,111,489.60 0.58 % 172 3.78 % 3.15 % 13.18 18.03 % 75,000 - 100,000 16,681,236.74 0.87 % 188 4.13 % 2.77 % 14.07 22.31 % 100,000 - 150,000 51,760,904.34 2.69 % 407 8.94 % 3.04 % 15.15 31.62 % 150,000 - 200,000 73,910,201.84 3.84 % 416 9.14 % 2.86 % 16.41 38.13 % 200,000 - 250,000 87,262,019.90 4.53 % 382 8.39 % 2.95 % 17.10 46.32 % 250,000 - 300,000 105,710,379.73 5.49 % 380 8.35 % 2.87 % 18.48 50.44 % 300,000 - 350,000 107,063,155.70 5.56 % 327 7.18 % 2.94 % 17.59 54.80 % 350,000 - 400,000 111,566,441.73 5.80 % 294 6.46 % 2.88 % 19.30 59.55 % 400,000 - 450,000 105,257,310.32 5.47 % 245 5.38 % 3.04 % 18.49 62.45 % 450,000 - 500,000 104,790,106.93 5.45 % 219 4.81 % 2.96 % 18.84 63.80 % 500,000 - 550,000 88,393,256.35 4.59 % 167 3.67 % 3.02 % 19.19 66.50 % 550,000 - 600,000 93,610,218.91 4.86 % 162 3.56 % 2.88 % 20.24 62.09 % 600,000 - 650,000 75,712,154.86 3.93 % 121 2.66 % 3.11 % 19.27 69.05 % 650,000 - 700,000 88,450,277.84 4.60 % 130 2.86 % 2.95 % 19.78 67.30 % 700,000 - 750,000 68,436,435.28 3.56 % 94 2.06 % 2.83 % 19.76 67.91 % 750,000 - 800,000 78,802,951.90 4.10 % 101 2.22 % 2.88 % 20.18 67.92 % 800,000 - 850,000 53,822,104.11 2.80 % 65 1.43 % 2.85 % 18.89 67.38 % 850,000 - 900,000 63,419,763.30 3.30 % 72 1.58 % 2.86 % 21.07 69.01 % 900,000 - 950,000 44,456,371.67 2.31 % 48 1.05 % 2.89 % 20.03 68.46 % 950,000 - 1,000,000 51,231,462.98 2.66 % 52 1.14 % 2.94 % 19.50 65.84 % 1,000,000 > 436,730,415.08 22.70 % 306 6.72 % 2.79 % 20.35 67.82 % Total 1,924,333,572.85 100.00 % 4,553 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Weighted Average Coupon Weighted Average Maturity (year) Weighted Average CLTIMV < 1995 22,242,954.96 1.16 % 240 2.76 % 2.74 % 6.77 30.34 % 1995 - 1996 9,960,894.06 0.52 % 79 0.91 % 2.55 % 8.52 36.89 % 1996 - 1997 27,064,945.42 1.41 % 213 2.45 % 2.77 % 9.69 37.84 % 1997 - 1998 43,991,136.31 2.29 % 234 2.69 % 2.78 % 10.14 42.34 % 1998 - 1999 32,471,759.12 1.69 % 194 2.23 % 2.82 % 10.87 42.53 % 1999 - 2000 49,534,872.05 2.57 % 281 3.23 % 2.83 % 11.29 48.41 % 2000 - 2001 63,520,345.88 3.30 % 280 3.21 % 2.74 % 12.30 54.57 % 2001 - 2002 59,618,561.46 3.10 % 267 3.07 % 2.89 % 14.11 59.30 % 2002 - 2003 93,013,288.82 4.83 % 420 4.82 % 3.04 % 14.81 59.58 % 2003 - 2004 125,324,716.22 6.51 % 615 7.06 % 2.97 % 15.87 62.23 % 2004 - 2005 159,704,461.10 8.30 % 773 8.87 % 2.85 % 16.71 62.67 % 2005 - 2006 173,847,437.26 9.03 % 868 9.97 % 2.80 % 17.82 62.15 % 2006 - 2007 183,284,643.57 9.52 % 855 9.82 % 2.92 % 18.65 66.05 % 2007 - 2008 157,248,274.95 8.17 % 692 7.94 % 3.49 % 19.53 66.83 % 2008 - 2009 122,879,287.84 6.39 % 513 5.89 % 3.79 % 20.76 67.29 % 2009 - 2010 107,116,738.72 5.57 % 376 4.32 % 2.93 % 21.07 69.95 % 2010 - 2011 53,476,669.51 2.78 % 190 2.18 % 2.87 % 22.15 65.81 % 2011 - 2012 19,582,418.72 1.02 % 85 0.98 % 3.24 % 22.05 63.46 % 2012 - 2013 12,278,833.11 0.64 % 52 0.60 % 2.43 % 22.14 56.66 % 2013 - 2014 25,625,778.34 1.33 % 112 1.29 % 2.77 % 22.45 52.96 % 2014 - 2015 53,158,505.75 2.76 % 228 2.62 % 2.80 % 25.22 55.99 % 2015 - 2016 176,439,966.70 9.17 % 643 7.38 % 2.53 % 26.97 57.72 % 2016 >= 152,947,082.98 7.95 % 500 5.74 % 2.26 % 27.82 64.98 % Total 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
From (>=) - Until (<) Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Weighted Average Coupon Weighted Average Maturity (year) Weighted Average CLTIMV < 1 year 60,629,171.09 3.15 % 206 2.37 % 2.12 % 28.25 65.82 % 1 year - 2 years 207,228,914.72 10.77 % 685 7.86 % 2.45 % 27.26 60.61 % 2 years - 3 years 96,661,974.74 5.02 % 403 4.63 % 2.65 % 26.47 57.26 % 3 years - 4 years 35,132,420.74 1.83 % 149 1.71 % 2.84 % 23.41 55.91 % 4 years - 5 years 15,049,199.53 0.78 % 67 0.77 % 2.42 % 22.25 51.58 % 5 years - 6 years 11,949,679.55 0.62 % 57 0.65 % 3.01 % 21.69 59.42 % 6 years - 7 years 37,391,037.59 1.94 % 139 1.60 % 2.97 % 22.41 65.93 % 7 years - 8 years 88,922,648.57 4.62 % 306 3.51 % 2.86 % 21.37 66.23 % 8 years - 9 years 123,611,503.79 6.42 % 472 5.42 % 3.60 % 20.99 71.10 % 9 years - 10 years 110,868,076.49 5.76 % 533 6.12 % 3.62 % 20.15 65.22 % 10 years - 11 years 163,213,480.12 8.48 % 719 8.25 % 3.22 % 19.09 67.47 % 11 years - 12 years 215,427,853.77 11.19 % 1,006 11.55 % 2.83 % 18.28 63.74 % 12 years - 13 years 142,483,364.59 7.40 % 722 8.29 % 2.79 % 17.22 61.96 % 13 years - 14 years 169,579,626.95 8.81 % 806 9.25 % 2.94 % 16.29 62.48 % 14 years - 15 years 89,066,083.52 4.63 % 429 4.93 % 3.06 % 15.31 62.23 % 15 years - 16 years 91,524,128.44 4.76 % 391 4.49 % 2.85 % 14.47 59.15 % 16 years - 17 years 52,503,352.34 2.73 % 250 2.87 % 2.89 % 12.55 55.67 % 17 years - 18 years 58,228,661.36 3.03 % 295 3.39 % 2.76 % 11.91 51.63 % 18 years - 19 years 40,176,252.92 2.09 % 228 2.62 % 2.82 % 11.14 45.44 % 19 years - 20 years 33,081,691.39 1.72 % 195 2.24 % 2.79 % 10.43 41.43 % 20 years - 21 years 39,028,216.50 2.03 % 242 2.78 % 2.78 % 9.87 40.88 % 21 years - 22 years 16,772,511.54 0.87 % 141 1.62 % 2.69 % 9.35 36.09 % 22 years - 23 years 6,126,405.46 0.32 % 52 0.60 % 2.56 % 8.86 34.91 % 23 years - 24 years 6,260,309.88 0.33 % 65 0.75 % 2.78 % 5.56 30.63 % 24 years - 25 years 2,252,147.50 0.12 % 20 0.23 % 2.56 % 5.99 35.23 % 25 years - 26 years 899,082.14 0.05 % 12 0.14 % 2.44 % 5.15 20.84 % 26 years - 27 years 2,121,304.51 0.11 % 20 0.23 % 2.25 % 9.27 37.97 % 27 years - 28 years 1,167,485.47 0.06 % 14 0.16 % 2.67 % 2.64 26.02 % 28 years - 29 years 3,007,238.04 0.16 % 25 0.29 % 3.23 % 5.10 24.93 % 29 years - 30 years 1,649,306.42 0.09 % 24 0.28 % 2.44 % 3.08 33.28 % 30 years > 2,320,443.18 0.12 % 37 0.42 % 3.04 % 13.03 21.49 % Total 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Weighted Average Coupon Weighted Average Maturity (year) Weighted Average CLTIMV < 2015 2015 - 2020 15,836,817.71 0.82 % 133 1.53 % 2.73 % 1.49 43.14 % 2020 - 2025 30,840,563.90 1.60 % 261 3.00 % 2.82 % 5.41 46.16 % 2025 - 2030 177,306,059.97 9.21 % 1,091 12.53 % 2.78 % 10.56 46.10 % 2030 - 2035 532,181,226.44 27.66 % 2,518 28.91 % 2.91 % 15.49 60.71 % 2035 - 2040 727,383,618.24 37.80 % 3,180 36.51 % 3.14 % 19.72 65.63 % 2040 - 2045 142,794,686.37 7.42 % 526 6.04 % 2.83 % 25.00 59.85 % 2045 >= 297,990,600.22 15.49 % 1,001 11.49 % 2.42 % 28.55 61.33 % Total 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Weighted Average Coupon Weighted Average Maturity (year) Weighted Average CLTIMV < 1 3,362,852.51 0.17 % 45 0.52 % 2.35 % 0.46 45.05 % 1 - 2 6,803,423.96 0.35 % 47 0.54 % 2.78 % 1.39 38.04 % 2 - 3 8,456,335.75 0.44 % 60 0.69 % 2.79 % 2.37 50.68 % 3 - 4 3,932,644.36 0.20 % 37 0.42 % 2.89 % 3.44 46.76 % 4 - 5 5,386,603.59 0.28 % 40 0.46 % 2.84 % 4.52 51.74 % 5 - 6 3,984,546.43 0.21 % 36 0.41 % 2.98 % 5.40 51.61 % 6 - 7 9,991,488.86 0.52 % 86 0.99 % 2.87 % 6.55 38.01 % 7 - 8 7,514,367.46 0.39 % 66 0.76 % 2.71 % 7.45 43.83 % 8 - 9 22,960,322.21 1.19 % 169 1.94 % 2.62 % 8.49 41.04 % 9 - 10 36,225,275.66 1.88 % 244 2.80 % 2.82 % 9.51 41.45 % 10 - 11 37,416,001.25 1.94 % 216 2.48 % 2.87 % 10.38 44.87 % 11 - 12 40,352,036.41 2.10 % 224 2.57 % 2.76 % 11.48 49.48 % 12 - 13 61,007,260.64 3.17 % 339 3.89 % 2.76 % 12.44 52.12 % 13 - 14 69,221,874.38 3.60 % 333 3.82 % 2.89 % 13.45 55.98 % 14 - 15 99,334,868.05 5.16 % 428 4.91 % 2.90 % 14.50 59.41 % 15 - 16 94,131,399.18 4.89 % 437 5.02 % 3.01 % 15.43 61.73 % 16 - 17 157,382,171.85 8.18 % 769 8.83 % 2.92 % 16.48 63.23 % 17 - 18 144,766,968.43 7.52 % 711 8.16 % 2.83 % 17.42 62.38 % 18 - 19 218,246,791.52 11.34 % 1,013 11.63 % 2.79 % 18.46 62.59 % 19 - 20 159,502,833.53 8.29 % 694 7.97 % 3.15 % 19.47 67.61 % 20 - 21 109,515,741.06 5.69 % 517 5.94 % 3.60 % 20.37 64.45 % 21 - 22 125,325,441.54 6.51 % 460 5.28 % 3.64 % 21.37 70.89 % 22 - 23 83,027,916.37 4.31 % 290 3.33 % 2.84 % 22.36 66.56 % 23 - 24 35,768,215.36 1.86 % 121 1.39 % 2.88 % 23.40 63.26 % 24 - 25 12,288,204.70 0.64 % 47 0.54 % 3.01 % 24.37 54.94 % 25 - 26 13,610,475.86 0.71 % 45 0.52 % 2.31 % 25.51 56.39 % 26 - 27 23,423,579.46 1.22 % 93 1.07 % 2.90 % 26.55 57.36 % 27 - 28 78,898,772.50 4.10 % 325 3.73 % 2.68 % 27.57 56.91 % 28 - 29 190,827,577.62 9.92 % 604 6.93 % 2.46 % 28.46 60.97 % 29 - 30 61,212,134.63 3.18 % 211 2.42 % 2.16 % 29.39 64.69 % 30 >= 455,447.72 0.02 % 3 0.03 % 3.20 % 30.00 53.50 % Total 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loans % of Total Weighted Average Coupon Weighted Average Maturity (year) Weighted Average CLTIMV 0 % - 10 % 6,101,706.44 0.32 % 128 2.81 % 3.15 % 15.81 6.84 % 10 % - 20 % 39,958,766.63 2.08 % 317 6.96 % 2.85 % 15.93 14.62 % 20 % - 30 % 102,636,518.70 5.33 % 499 10.96 % 2.90 % 16.84 23.89 % 30 % - 40 % 144,173,067.29 7.49 % 528 11.60 % 2.83 % 17.29 32.66 % 40 % - 50 % 199,451,282.14 10.36 % 541 11.88 % 2.77 % 18.89 42.51 % 50 % - 60 % 263,732,374.01 13.71 % 577 12.67 % 2.81 % 18.94 52.07 % 60 % - 70 % 325,114,165.25 16.89 % 587 12.89 % 2.80 % 19.33 61.28 % 70 % - 80 % 378,165,809.63 19.65 % 594 13.05 % 2.85 % 20.25 71.37 % 80 % - 90 % 254,670,140.46 13.23 % 404 8.87 % 3.03 % 20.10 81.43 % 90 % - 100 % 146,172,759.88 7.60 % 269 5.91 % 3.24 % 18.33 90.95 % 100 % - 110 % 64,156,982.42 3.33 % 109 2.39 % 3.38 % 19.82 96.78 % 110 % - 120 % 120 % - 130 % 130 % - 140 % 140 % - 150 % 150 % > Total 1,924,333,572.85 100.00 % 4,553 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loans % of Total Weighted Average Coupon Weighted Average Maturity (year) Weighted Average CLTIMV 0 % - 10 % 10,554,389.92 0.55 % 202 4.44 % 3.03 % 13.51 7.34 % 10 % - 20 % 56,083,609.88 2.91 % 439 9.64 % 2.87 % 14.80 15.59 % 20 % - 30 % 126,883,914.69 6.59 % 561 12.32 % 2.81 % 16.69 25.11 % 30 % - 40 % 168,143,872.36 8.74 % 549 12.06 % 2.77 % 17.34 35.16 % 40 % - 50 % 242,421,306.45 12.60 % 567 12.45 % 2.75 % 19.50 45.40 % 50 % - 60 % 284,606,604.63 14.79 % 568 12.48 % 2.80 % 19.12 55.33 % 60 % - 70 % 346,799,762.78 18.02 % 567 12.45 % 2.79 % 20.34 64.79 % 70 % - 80 % 296,806,964.89 15.42 % 474 10.41 % 2.97 % 20.04 74.78 % 80 % - 90 % 215,977,274.79 11.22 % 330 7.25 % 3.06 % 19.20 84.48 % 90 % - 100 % 109,464,509.66 5.69 % 178 3.91 % 3.30 % 19.77 94.79 % 100 % - 110 % 52,720,366.76 2.74 % 90 1.98 % 3.43 % 18.30 104.14 % 110 % - 120 % 12,843,812.25 0.67 % 26 0.57 % 3.77 % 19.63 113.06 % 120 % - 130 % 1,027,183.79 0.05 % 2 0.04 % 3.92 % 21.82 121.04 % 130 % - 140 % 140 % - 150 % 150 % > Total 1,924,333,572.85 100.00 % 4,553 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Weighted Average Coupon Weighted Average Maturity (year) Weighted Average CLTIMV <= 0.50 % 0.50 % - 1.00 % 1.00 % - 1.50 % 8,007,495.25 0.42 % 34 0.39 % 1.50 % 19.77 53.25 % 1.50 % - 2.00 % 184,831,268.39 9.60 % 854 9.80 % 1.83 % 19.91 52.95 % 2.00 % - 2.50 % 689,930,639.22 35.85 % 2,825 32.43 % 2.30 % 19.31 57.04 % 2.50 % - 3.00 % 489,447,172.32 25.43 % 2,213 25.41 % 2.73 % 19.08 64.85 % 3.00 % - 3.50 % 176,126,413.56 9.15 % 817 9.38 % 3.26 % 19.22 64.36 % 3.50 % - 4.00 % 114,454,077.93 5.95 % 542 6.22 % 3.75 % 18.48 67.97 % 4.00 % - 4.50 % 57,501,834.76 2.99 % 290 3.33 % 4.29 % 18.24 61.69 % 4.50 % - 5.00 % 78,852,789.58 4.10 % 393 4.51 % 4.79 % 17.83 65.32 % 5.00 % - 5.50 % 71,928,428.78 3.74 % 405 4.65 % 5.25 % 18.22 62.22 % 5.50 % - 6.00 % 49,324,649.94 2.56 % 296 3.40 % 5.72 % 18.01 66.32 % 6.00 % - 6.50 % 3,926,701.46 0.20 % 40 0.46 % 6.19 % 18.07 73.31 % 6.50 % - 7.00 % 2,101.66 0.00 % 1 0.01 % 6.60 % 0.17 28.76 % 7.00 % > Total 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Weighted Avarage Coupon Weighted Average Maturity (year) Weigthed Average CLTIMV < 1 208,209,382.67 10.82 % 1,108 12.72 % 2.72 % 17.64 57.76 % 1 - 2 109,115,473.46 5.67 % 614 7.05 % 3.78 % 15.96 58.04 % 2 - 3 153,333,757.59 7.97 % 703 8.07 % 2.74 % 18.27 60.19 % 3 - 4 170,911,052.84 8.88 % 862 9.90 % 2.83 % 17.14 56.13 % 4 - 5 63,166,460.28 3.28 % 332 3.81 % 3.69 % 16.55 59.28 % 5 - 6 5,884,741.80 0.31 % 36 0.41 % 5.27 % 17.14 60.29 % 6 - 7 18,965,948.92 0.99 % 112 1.29 % 4.73 % 18.50 57.51 % 7 - 8 147,973,162.95 7.69 % 640 7.35 % 3.13 % 20.15 61.92 % 8 - 9 676,558,257.10 35.16 % 2,771 31.81 % 2.65 % 19.76 61.23 % 9 - 10 269,586,964.82 14.01 % 1,086 12.47 % 2.52 % 20.46 65.47 % 10 - 11 17,171,765.55 0.89 % 75 0.86 % 5.34 % 18.74 60.95 % 11 - 12 10,471,385.78 0.54 % 49 0.56 % 5.55 % 19.05 74.44 % 12 - 13 6,681,797.01 0.35 % 30 0.34 % 4.49 % 21.68 66.11 % 13 - 14 11,883,278.02 0.62 % 69 0.79 % 3.82 % 19.29 62.70 % 14 - 15 5,113,779.47 0.27 % 30 0.34 % 3.28 % 21.62 66.25 % 15 - 16 1,524,893.75 0.08 % 8 0.09 % 4.02 % 17.43 55.34 % 16 - 17 17 - 18 4,311,310.86 0.22 % 23 0.26 % 4.01 % 22.30 62.26 % 18 - 19 32,420,103.80 1.68 % 110 1.26 % 3.45 % 24.75 67.06 % 19 - 20 11,050,056.18 0.57 % 52 0.60 % 3.00 % 26.02 60.26 % 20 - 21 21 - 22 22 - 23 23 - 24 24 - 25 25 - 26 26 - 27 27 - 28 28 - 29 29 - 30 30 >= Total 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Weighted Avarage Coupon Weighted Average Maturity (year) Weigthed Average CLTIMV Fixed 1,845,513,535.11 95.90 % 8,351 95.88 % 2.93 % 19.11 61.04 % Floating 78,820,037.74 4.10 % 359 4.12 % 2.17 % 18.41 57.13 % Total 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loans % of Total Weighted Avarage Coupon Weighted Average Maturity (year) Weigthed Average CLTIMV Monumental house 8,444,121.35 0.44 % 7 0.15 % 2.58 % 24.37 54.37 % Shop / House 30,061,388.25 1.56 % 75 1.65 % 3.11 % 16.19 54.67 % Farm 45,640,332.83 2.37 % 84 1.84 % 2.93 % 17.36 65.50 % Condominium with garage 26,375,750.04 1.37 % 84 1.84 % 3.08 % 18.59 55.58 % Condominium 202,461,222.29 10.52 % 617 13.55 % 2.82 % 20.15 57.74 % Single family house with garage 473,303,283.42 24.60 % 1,079 23.70 % 2.90 % 17.82 61.91 % Single family house 1,138,047,474.67 59.14 % 2,607 57.26 % 2.91 % 19.54 61.16 % Total 1,924,333,572.85 100.00 % 4,553 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loans % of Total Weighted Avarage Coupon Weighted Average Maturity (year) Weigthed Average CLTIMV Drenthe 19,168,945.51 1.00 % 58 1.27 % 3.04 % 16.83 74.39 % Flevoland 20,322,429.12 1.06 % 58 1.27 % 2.89 % 17.56 65.28 % Friesland 14,286,885.63 0.74 % 31 0.68 % 3.07 % 19.36 71.26 % Gelderland 185,133,278.79 9.62 % 492 10.81 % 2.86 % 18.88 65.29 % Groningen 11,835,050.50 0.62 % 40 0.88 % 2.61 % 19.21 63.21 % Limburg 65,603,363.43 3.41 % 209 4.59 % 2.95 % 17.83 65.78 % Noord-Brabant 312,921,594.21 16.26 % 803 17.64 % 2.98 % 18.38 65.67 % Noord-Holland 573,628,829.14 29.81 % 1,144 25.13 % 2.77 % 20.07 55.57 % Overijssel 42,965,930.47 2.23 % 123 2.70 % 2.92 % 18.09 62.91 % Utrecht 264,635,886.89 13.75 % 610 13.40 % 2.97 % 19.13 59.53 % Zeeland 20,866,370.09 1.08 % 66 1.45 % 3.26 % 18.92 59.69 % Zuid-Holland 392,965,009.07 20.42 % 919 20.18 % 2.96 % 18.78 61.35 % Total 1,924,333,572.85 100.00 % 4,553 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Weighted Avarage Coupon Weighted Average Maturity (year) Weigthed Average CLTIMV Owner Occupied 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 % Total 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Weighted Avarage Coupon Weighted Average Maturity (year) Weigthed Average CLTIMV Quarterly 43,500.00 0.00 % 1 0.01 % 5.25 % 20.33 77.00 % Monthly 1,924,290,072.85 100.00 % 8,709 99.99 % 2.90 % 19.09 60.88 % Total 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Weighted Avarage Coupon Weighted Average Maturity (year) Weigthed Average CLTIMV Non-NHG 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 % Total 1,924,333,572.85 100.00 % 8,710 100.00 % 2.90 % 19.09 60.88 %
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Investor Report: 1 May 2017 - 31 May 2017
Term Definition / Calculation A The lower of: (a) The sum of all Adjusted Current Balances of all Mortgage Receivables. The "Adjusted Current Balance" of a Mortgage Receivable is the lower of: (i) The Current Balance of such Mortgage Receivable minus and (ii) The LTV Cut-Off Percentage of the Indexed Valuation relating to such Mortgage Receivable, minus and (b) the Asset Percentage of the Current Balance minus of all Mortgage Receivables; ACT Asset Cover Test; Asset Percentage 90% or such other percentage figure as is determined from time to time in accordance with the Asset Monitoring Agreement; Assumed Mortgage Interest Rate The expected mortgage interest rate to be offered by the Servicer (acting on behalf of the CBC) in relation to Mortgage Loans which have an interest rate reset, which interest rate will be notified by the Servicer to the CBC and the Rating Agencies from time to time; B The amount of any cash standing to the credit of the CBC Transaction Accounts (other than the Swap Collateral Account and the Construction Account but including any amounts on the Reserve Account); Base Prospectus The Base Prospectus dated 16 March 2016 relating to the issue of the conditional pass-through covered bonds, including any supplement; C The aggregate outstanding principal amount of all Transferred Collateral in Substitution Assets and accrued interest thereon which has not been applied in accordance with the Trust Deed. Substitution Assets will be valued on a monthly basis and be taken into account for their mark-tomarket value at a discount based on a methodology notified to the Rating Agencies; Calculation Date The date falling two business days before each CBC Payment Date; CBC Account Bank Societe General S.A., Amsterdam Branch in its capacity as CBC Account Bank under the CBC Account Agreement or its successor; Construction Account The account maintained by the CBC with the CBC Account Bank to which all amounts corresponding to the aggregate Construction Deposits will be credited; Construction Deposit That part of the Mortgage Loan which the relevant Borrower requested to be disbursed into a blocked account held in his name with the Transferor, the proceeds of which can only be applied towards construction of, or improvements to, the relevant Mortgaged Asset; Credit Rating Credit Ratings of the Notes are assigend by S&P and Fitch; Current Balance In relation to an Eligible Receivable at any date, the aggregate (without double counting) of the Net Principal Amount Outstanding; Current Loan to Indexed Foreclosure Value (CLTIFV) Calculation: Current Principal Amount Outstanding divided by foreclosure value adjusted for current land registry index ("Kadaster"); Current Loan to Indexed Market Value (CLTIMV) Calculation: Current Principal Amount Outstanding divided by market value adjusted for current land registry index ("Kadaster"); Current Loan to Original Foreclosure Value (CLTOFV Calculation: Current Principal Amount Outstanding divided by Original Foreclosure Value Current Loan to Original Market Value (CLTOMV) Calculation: Current Principal Amount Outstanding divided by Original Market Value; Cut-Off Date The last day of the month immediately preceding the date on which the Investor Report is published; D Not applicable; Day Count Convention as set forth in the applicable Final Terms; Deductible Other Claim "Deductible Other Claim” means, in respect of a Mortgage Receivable, zero, in case the sum of the outstanding balance of the Other Claim and Outstanding Principal Amount of such Mortgage Receivable is lower than the Indexed Valuation of the Mortgaged Asset times (1- MVD Assumption) and in all other cases, an amount equal to the lower of (i) the amount by which the sum of the
Valuation of the Mortgaged Asset times (1- MVD Assumption) or (ii) the lower of (a) the outstanding balance of the Other Claim or (b) the Outstanding Principal Amount of such Mortgage Receivable; Deferred Purchase Price Part of the purchase price for the Mortgage Receivables equal to the sum of all Deferred Purchase Price Instalments; Documented Minimum OC The Net Outstanding Principal Amount of all Mortgage Receivables, excluding any Defaulted Receivables, plus (b) the Collateral Market Value of all Transferred Collateral in the form of Substitution Assets plus (c) all amounts standing to the balance of the CBC Transaction Accounts, excluding Swap Collateral and excluding amounts standing to the balance of the Construction Account, will always be at least equal to 115% of the aggregate Principal Amount Outstanding of the Covered Bonds at the end of such calendar month all as calculated on the immediately succeeding Calculation Date (the "Asset Cover Test"); E Not applicable; Estimated Portfolio Interest Income On the date with respect to which the Asset Cover Test is determined (i.e. the end of each calendar month), the aggregate amount, as determined by the CBC (or the Administrator on its behalf) (and such estimation, absent manifest error, being final and binding),
and such estimation to be calculated as the sum of: (i) all Fixed Interest L Explain how mortgage types are defined whether for residential housing, multi-family housing, commercial real estate, etc. Same for shipping where relecvant All mortgages are residential housing. Final Maturity Date as set forth in the applicable Final Terms; First Optional Redemption Date as set forth in the applicable Final Terms; Fixed Interest Loan Payment Amount This means (as determined by the CBC (or the Administrator on its behalf) and such determination, absent manifest error, being final and binding), with respect to each outstanding Mortgage Receivable with a fixed interest rate, the product of (x) the expected weighted average life (expressed in years) of all Mortgage Receivables with a fixed interest rate; and (y) the weighted average interest rate (expressed as a percentage) of all Mortgage Receivables (where upon the interest reset date
aggregate Outstanding Principal Amount of such Mortgage Receivable; Further Advances A loan or a further advance to be made to a Borrower under a Mortgage Loan, which is secured by the same security rights;
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Investor Report: 1 May 2017 - 31 May 2017
Term Definition / Calculation Hedging Strategy (please explain how you address interest rate and currency risk) If applicable, interest rate risk and currency risk are addressed with interest rate derivatives and cross-currency derivatives respectively. Index The index of increases or decreases, as the case may be, of house prices issued by the Dutch Land Registry ("Kadaster") in relation to residential properties in the Netherlands. Indexed Foreclosure Value The value calculated by indexing the Original Foreclosure Value with a property price index (weighted average of houses and apartments prices), as provided by "Kadaster" for the province where the property is located; Indexed Valuation In relation to any Mortgaged Asset at any date means: (a) where the Original Market Value of that Mortgaged Asset is equal to or greater than the Price Indexed Valuation as at that date, the Price Indexed Valuation; or (b) where the Original Market Value of that Mortgaged Asset is less than the Price Indexed Valuation as at that date, the Original Market Value plus 90% (or, if a different percentage is required or sufficient from time to time for the Covered Bonds to qualify as "covered bonds" as defined in the CRD IV and the Issuer wishes to apply such different percentage, then such different percentage) of the difference between the Price Indexed Valuation and the Original Market Value; Interest Rate Fixed Period Period for which the current interest rate on the Mortgage Receivable remains unchanged; Interest Rate Types Fixed or Floating. Interest Reseve Required Amount The date with respect to which the Asset Cover Test is calculated (i.e. the end of each calendar month), the higher of zero and (i) U plus V minus W on such date; or (ii) such lower amount as long as this will not adversely affect the rating of any Series; Issuer
under Dutch law, having its statutory seat at 's-Hertogenbosch, the Netherlands; L For each Mortgage Receivable its Current Balance minus the LTV Cut-Off Percentage of its Indexed Valuation provided that if the result is negative, L shall be zero and if the result exceeds L shall equal Legally Required Minimum OC Means the minimum level of overcollateralization of 5% or such other percentage as may be required from time to time by the CB
Loanpart One or more of the loan parts (leningdelen) of which a Mortgage Loan consists; LTV Cut-Off Percentage 80 % for all Mortgage Receivables or such other percentage as may be notified to the Rating Agencies from time to time in respect
as 'covered bonds' as defined in the Capital Requirements Directive or (b) otherwise determined from time to time in accordance with the Asset Monitoring Agreement; LTVs: Applied property/shipping valuation techniques, including whether use of index, Automated Valuation Model (AVM) or on- site audits The property value is fixed and determined at the loan origination date and updated using real estate market indices. LTVs: Calculation of property/shipping value LTV at origination excludes any fees added at the time of origination. LTVs: Definition Unindexed LTVs are calculated as the ratio between the current total outstanding principal amount of the mortgage loan and the valuation amount of such real estate property as of the origination date. Indexed LTVs are calculated as the ratio between the current total outstanding principal amount of the mortgage loan and the valuation amount of such real estate property as of the latest date of indexation. LTVs: Frequency and time of last valuation The indexed LTV is updated using real estate market indices on a monthly or quarterly basis. Market Value The market value ("marktwaarde") of the relevant Mortgaged Asset based on (a) if available, the most recent valuation by an external valuer, or (b) if no valuation is available, the assessment by the Dutch tax authorities on the basis of the WOZ at the time
by the Borrower, the construction costs of such Mortgaged Asset plus the purchase price of the relevant building lot, if applicable; Maturity Buckets of Cover assets [i.e. how is the contractual and/or expected maturity defined? What assumptions eg, in terms of prepayments? etc.] Contractual maturities are calculated assuming a zero prepayment scenario on the cover pool assets. Expected maturities are calculated with a prepayment assumption. Maturity Buckets of Covered Bonds [i.e. how is the contractual and/or expected maturity defined? What maturity structure (hard bullet, soft bullet, conditional pass through)? Under what conditions/circumstances? Etc.] Contractual maturities and expected maturities are both calculated assuming a zero prepayment scenario on the covered bonds. There are hard bullet, soft bullet and conditional pass through maturity structures. Maturity Date In respect of a Series, the date on which the Covered Bonds of such Series are expected to be redeemed at their Principal Amount Outstanding, as specified in the relevant Final Terms, which date falls no more than 15 years after the Issue Date of such Series. Each Series is due by the Issuer on its respective Maturity Date; MVD Assumption The most conservative market value decline assumption as applied by S&P and notified by the Administrator to Fitch in order to achieve a rating (i) of “AAA” or 'AAA' in relation to the first issue of Covered Bonds or (ii) in relation to any subsequent issue of Covered Bonds, equal to the current rating assigned to the outstanding Series of Covered Bonds; Net Outstanding Principal Amount In relation to a Mortgage Receivable, at any date, the Outstanding Principal Amount of the relevant Mortgage Loan less, if it is a Savings Mortgage Loan subject to a Participation, an amount equal to the Participation on such date; Nominal OC The actual overcollateralization which is calculated by dividing (i) the total outstanding balance of the cover assets included in the cover pool by (ii) the total amount of outstanding covered bonds (both excluding accrued interest); Non NHG Loan A Mortgage Loan that does not have the benefit of an NHG Guarantee; Non-performing loans Defaulted, written-off, or delinquent loans. OC Calculation: Actual The actual level of nominal overcollaterallisation is calculated by dividing (i) the total outstanding balance of the cover assets included in the cover pool as calculated in conformity with article 20(d) sub 1 and sub 2 of the FSA Implementing Rules (Uitvoeringsregeling Wft) by (ii) the total amount of outstanding covered bonds (both excluding accrued interest). OC Calculation: Committed The committed nominal overcollaterallisation is specific to the Issuer's programme. OC Calculation: Legal minimum The minimum legal level of nominal overcollateralisation under Dutch law is set at 105% which is calculated equally to the Actual nominal OC. Original Foreclosure Value The Foreclosure Value as assessed by the relevant Originator at the time of granting the Mortgage Loan or on inflow moment in the pool; Original Loan to Original Foreclosure Value OLTOFV The ratio calculated by dividing the Principal Outstanding Amount of a Mortgage Receivable at origination on inflow moment in the pool by the Original Foreclosure Value; Original Loan to Original Market Value (OLTOMV) Calculation: Original Principal Outstanding Amount Mortgage Receivable at origination on inflow moment in the pool divided by market value on inflow moment in the pool; Original Market Value "Original Market Value" in relation to any Mortgaged Asset means the foreclosure value (executiewaarde) given to that Mortgaged Asset by the most recent valuation addressed to the Transferor that transferred the relevant Mortgage Receivable to the CBC, divided by 0.837 or such other factor as required from time to time by the applicable rules and regulations or any internal requirement of the Transferor in relation thereto or, as applicable, the market value (marktwaarde) given to that Mortgaged Asset by the most recent valuation addressed to the Transferor that transferred the relevant Mortgage Receivable to the CBC;
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Investor Report: 1 May 2017 - 31 May 2017
Term Definition / Calculation Originator Van Lanschot; Performing Loans Mortgage Loans which are current and therefore do not show any Arrears; Portfolio Weighted Average Life The expected remaining weighted average life (expressed in years) of all Mortgage Receivables and Substitution Assets; Prepayments Any non-contractual repayments; Price Indexed Valuation In relation to any property at any date means the Original Market Value of that property increased or decreased as appropriate by the increase or decrease in the Index since the date of the Original Market Value; Reserve Account The CBC shall maintain with the CBC Account Bank an account (the "Reserve Account") to which the Reserve Account Required Amount will be credited (such account together with the CBC Account, the Construction Account and the Swap Collateral Account referred to as the "CBC Transaction Accounts"); Reserve Account Required Amount "Reserve Account Required Amount" means the sum of: (a) the higher of: (i) the aggregate of the expected interest payments for each Series for the immediately succeeding three months, as calculated as: (A) if no Swap Agreement has been entered into or if such Swap Agreement has been terminated in relation to a Series (or part thereof), the aggregate amount of the Scheduled Interest due falling in the next following three CBC Payment Periods, or (B) if a Swap Agreement has been entered into in relation to a Series or a part of such Series (which has not been terminated) with a party other than the Issuer, the amount payable by the CBC (or the Issuer on its behalf) pursuant to such Swap Agreement in the three following CBC Payment Periods for such Series prior to netting of any payments thereunder (excluding any Collateral Return Payments as may fall due thereunder), plus, in the case of a partial hedge, any amount described in (A) not covered by such hedge; and (ii) the aggregate of the accrued interest for all Series since the last Interest Payment Date of each respective Series (or in case of the first interest period for a Series, the Issue Date); as calculated on the later to occur of each Calculation Date and the last issue date; and (b) 0.03 per cent. of the Principal Amount Outstanding of the Covered Bonds on such Calculation Date (or, as applicable, such last issue date); and (c) EUR 62,500. Seasoning Definition: Age of the Mortgage Receivable; Calculation: Current date -/- start date of the Mortgage Receivable. Result is reported in years; Security Trustee Stichting Security Trustee VL Covered Bond, a foundation("stichting") organised under Dutch Law and established in Amsterdam, the Neterlands; Selected Mortgage Receivables Mortgage Receivables to be sold or refinanced by the CBC pursuant to the terms of the Asset Monitoring Agreement; Series A Tranche of Covered Bonds together with any further Tranche or Tranches of Covered Bonds expressed to be consolidated and form a single series with the Covered Bonds of the original Tranche and the terms of which are identical (save for the Issue Date and/or the Interest Commencement Date but including as to whether or not the Covered Bonds are listed); Series Weighted Average Life The weighted average remaining life (expressed in years) remaining from the relevant date until the relevant Maturity Dates in respect of all outstanding Series; Servicer Van Lanschot; Set-Off Claim that corresponds to a debt to the same counterparty; Subordinated Loan Provider Van Lanschot; Substitution Assets Payment Amount This means (as determined by the CBC (or the Administrator on its behalf) and such determination, absent manifest error, being final and binding), with respect to each Substitution Asset the sum of the aggregate interest expected to be received up to and including the maturity date of the respective Substitution Asset; U The sum of the aggregate amount of interest payable in respect of all Series of Covered Bonds from the relevant date up to and including the relevant Maturity Date minus any amount of interest to be received under a Portfolio Swap Agreement in connection with a Series of Covered Bonds; V The product of: (i) the higher of (a) zero; and (b) the difference between (i) the Portfolio Weighted Average Life and (ii) the Series Weighted Average Life, (ii) the aggregate Principal Amount Outstanding of all Series on the last day of the previous calendar month multiplied by (1 minus the Portfolio Swap Fraction), and (iii) the Weighted Average Series Post Maturity Interest Rate; Variable Interest Loan Payment Amount This means (as determined by the CBC (or the Administrator on its behalf) and such determination, absent manifest error, being final and binding), with respect to each outstanding Mortgage Receivable with a variable interest rate, the product of (x) the expected weighted average life (expressed in years) of all Mortgage Loans with a variable interest rate, (y) the Assumed Mortgage Interest Rate; and (z) the aggregate Outstanding Principal Amount of such outstanding Mortgage Receivable; W The Estimated Portfolio Interest Income; Weighted Average Life The estimated average life of the Notes from the Closing Date up to (but excluding) the first Optional Redemption Date based on a Conditional Prepayment Rate ('CPR') of x per cent and the assumption that the Issuer will redeem the notes on the first Optional Redemption Date; Weighted Average Maturity Definition: The Weighted Average maturity of all Mortgage Receivables held in a Mortgage Backed Security; Calculation: Sumproduct of Current PAO of Mortgage Receivables and Remaining Tenor of Mortgage Receivables divided by the total PAO of all Mortgage Receivables; X Not applicable; Y Not applicable; Z An amount equal to the Interest Reserve Required Amount;
page 163 of the Base Prospectus, to the extent applicable to it;
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Investor Report: 1 May 2017 - 31 May 2017
Auditor PricewaterhouseCoopers Accountants N.V. Thomas R. Malthusstraat 5 1066 JR Amsterdam The Netherlands Common Safekeeper Clearstream 42 Avenue J.F. Kennedy L-1855 Luxembourg Luxembourg Issuer
Hooge Steenweg 27-31 5211 JN 's-Hertogenbosch The Netherlands Legal Advisor to the Seller and the Issuer NautaDutilh N.V. Beethovenstraat 400 1082 PR Amsterdam The Netherlands Paying Agent Citibank N.A., London Branch Citigroup Centre, Canada Square E14 5 LB London The United Kingdom Seller
Hooge Steenweg 27-31 5211 JN 's-Hertogenbosch The Netherlands Servicer
Hooge Steenweg 27-31 5211 JN 's-Hertogenbosch The Netherlands CBC Account Bank Société Générale S.A., Amsterdam Branch Rembrandt Tower, Amstelplein 1 1096 HA Amsterdam The Netherlands Company Administrator Intertrust Administrative Services B.V. Prins Bernhardplein 200 1097 JB Amsterdam The Netherlands Lead Manager
Hooge Steenweg 27-31 5211 JN 's-Hertogenbosch The Netherlands Listing Agent Investec Capital & Investments (Ireland) Limited Harcourt Street, Dublin 2 Dublin Ireland Security Trustee Stichting Security Trustee VL Covered Bond Hoogoorddreef 15 1101 BA Amsterdam The Netherlands Seller Collection Account Bank
Hooge Steenweg 27-31 5211 JN 's-Hertogenbosch The Netherlands Tax Advisor NautaDutilh N.V. Beethovenstraat 400 1082 PR Amsterdam The Netherlands
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Investor Report: 1 May 2017 - 31 May 2017