Bee First Finance S.A. Compartment Edelweiss 2013-1
Deutsche Bank
Asset Backed Certificates
January 11, 2017 Distribution
Table of Contents
External Parties
Page
Seller, Servicer & Subordinated Loan Provider
Erste Bank und Sparkassen Leasing GmbH
Swap Counterparty, Collection Account Bank &
Back-up Servicer
Erste Group Bank AG
1. Accrual, Distributions, PDLs & Ratings
2. Summary Information
3. Deficiency Amounts
4. Available Funds
5. Payment Priorities
2
3
4
5
6
Cash Manager & Principal Paying Agent
Deutsche Bank AG, London Branch
Liquidity Facilitator
HSBC Bank plc
Corporate Services Provider
Deutsche Bank Luxembourg S.A.
Co-Arrangers & Joint Lead Managers
Erste Group Bank AG
Royal Bank of Scotland plc
Account Bank
Elavon Financial Services Limited, UK Branch
Rating Agencies
Fitch Rating Services
Moody's Investors Service, Inc.
Total Number of Pages
Dates
Original Closing Date
First Payment Date
Payment Date
Next Payment Date
Contacts
December 13, 2013
April 11, 2014
January 11, 2017
April 11, 2017
Legal Maturity Date
January 11, 2022
Payment Frequency
Quarterly
Interest Period[Start]
October 11, 2016
Interest Period[End]
January 10, 2017
Accrual Number of Days
7
Hollie Nicholson
Relationship Manager
Phone: +44 20 75477353
44 20 754 75919
Fax:
[email protected]
Address:
Winchester House,
1 Great Winchester Street
London
92
This Investor Report (the "Report") is prepared by Deutsche Bank AG, London Branch ("DB") for information purposes only. Certain
information included in this Report (the "Servicer Information") is provided by Erste Bank und Sparkassen Leasing GmbH in its capacity
as Servicer. Please be advised that DB will have no liability for Servicer Information and this Report is provided without any
representations or warranties by DB as to the completeness or accuracy of such Servicer Information.
Page 1 of 7
Global Securities Services
Bee First Finance S.A. Compartment Edelweiss 2013-1
Deutsche Bank
Asset Backed Certificates
January 11, 2017 Distribution
Accrual, Distributions, PDLs & Ratings
Current Period Distribution
ISIN
Class
A
B
C
D
XS0987069332
XS0987076972
XS0987077350
XS0996782321
Original
Principal
Balance
Ccy
€
€
€
€
Total
Beginning
Principal
Balance
Interest
(1)
(2)
Beginning Ending
Pool
Pool
Factor
Factor
Total
Distribution
Principal
(3)
(4)=(2)+(3)
232,500,000.00
18,400,000.00
9,300,000.00
6,700,000.00
68,572,347.70
18,400,000.00
9,300,000.00
6,700,000.00
29,089.91
28,965.69
40,308.27
46,161.51
14,389,668.60
0.00
0.00
0.00
14,418,758.51
28,965.69
40,308.27
46,161.51
266,900,000.00
102,972,347.70
144,525.38
14,389,668.60
14,534,193.98
(5)
(6)
0.2949348
1.0000000
1.0000000
1.0000000
0.2330438
1.0000000
1.0000000
1.0000000
Ending
Principal
Balance
(7)=(1)-(3)
54,182,679.10
18,400,000.00
9,300,000.00
6,700,000.00
88,582,679.10
Interest Accrual Details
Class
DaysMethod Index
Margin
Interest
Rate
(2)
(3) = (1) + (2)
(1)
A
B
C
D
92
92
92
92
Act/360
Act/360
Act/360
Act/360
-0.30400%
-0.30400%
-0.30400%
-0.30400%
0.47000%
0.92000%
2.00000%
3.00000%
0.16600%
0.61600%
1.69600%
2.69600%
Total
Beginning
Principal
Balance
Prior
Total
Unpaid
Interest
Accrued
Interest
Interest
Due
(4)
(5)
(6) = (4) + (5)
Current
Unpaid
Interest
Interest
Paid
(7)
(8) = (6) - (7)
68,572,347.70
18,400,000.00
9,300,000.00
6,700,000.00
0.00
0.00
0.00
0.00
29,089.91
28,965.69
40,308.27
46,161.51
29,089.91
28,965.69
40,308.27
46,161.51
29,089.91
28,965.69
40,308.27
46,161.51
0.00
0.00
0.00
0.00
102,972,347.70
0.00
144,525.38
144,525.38
144,525.38
0.00
Principal Deficiency Ledgers
Beginning Ledger Balance
Class
Increase of Debit on Ledger
this Period
Reduction of Debit on Ledger
this Period
Closing Ledger Balance
A
0.00
0.00
0.00
0.00
B
0.00
0.00
0.00
0.00
C
0.00
0.00
0.00
0.00
D
0.00
87,435.06
87,435.06
0.00
Ratings Detail
Class
Page 2 of 7
ISIN Code
Fitch
Moody's
A
XS0987069332
AAA
Aaa
B
XS0987076972
AAA
Aa3
C
XS0987077350
A+
Baa2
D
XS0996782321
BBB-
Not Rated
Global Securities Services
Bee First Finance S.A. Compartment Edelweiss 2013-1
Deutsche Bank
Asset Backed Certificates
January 11, 2017 Distribution
Summary Information
Reserve, Subordinated Loan and Liquidity Facility
Reserve Fund
Beginning Balance
€3,336,250.00
Reserve Fund Required Amount
€3,336,250.00
€0.00
Reserve Account Interest
Withdrawal
€3,336,250.00
Deposit
€3,336,250.00
Ending Balance
€3,336,250.00
Subordinated Loan
€3,336,250.00
Balance as of the Beginning of the Period
Redemption Amount
€0.00
Capitalization of Interest
€0.00
€3,336,250.00
Balance as of the End of the Period
Liquidity Facility
€1,647,557.56
Liquidity Facility Opening Liquidity Maximum Amount
Liquidity Facility Drawings as of the Beginning of the Period
€0.00
Liquidity Facility Drawings during the Period
€0.00
Liquidity Facility Repayments during the Period
€0.00
Liquidity Facility Drawings as of the End of the Period
€0.00
€614.72
Liquidity Facility Interest
€230,234.69
Reduction to Liquidity Maximum Amount
Liquidity Facility Closing Liquidity Maximum Amount
€1,417,322.87
Liquidity Maximum Amount Reduction, to the greater of:
€1,417,322.87
(i) 1.6% of the Portfolio Balance on the preceding Collection Date
€1,417,322.87
(ii) 0.5% of the Portfolio Balance on the Issue Date
€1,334,820.35
€0.00
Liquidity Shortfall, excess of (a) over (b)
(a) (i) No Servicer Report Delivery Failure Event, Interest Payment Priorities (a) to (k) excl. termination
€241,630.93
amounts payable to the Swap Counterparty pursuant to item (d), (f), (h) and (j)
(ii) Servicer Report Delivery Failure Event, Interest Payment Priorities (a) to (e) excl. (d)
(b) Available Interest Funds
Page 3 of 7
€0.00
€4,920,268.81
Global Securities Services
Bee First Finance S.A. Compartment Edelweiss 2013-1
Asset Backed Certificates
Deutsche Bank
January 11, 2017 Distribution
Deficiency Amounts
Interest & Principal Deficiency Amounts
Interest Deficiency Amount
(a) Sum of (a) to (e) of Interest Priority of Payments, exceeds:
(b) Available Interest Funds (excl. Interest Deficiency Amount)
Aggregate Principal Deficiency Amount
(a) Principal Amount Outstanding of the Notes, exceeds:
€0.00
€126,195.46
€4,920,268.81
€87,435.06
€102,972,347.70
(b) Sum of:
(i) Portfolio Balance at Collection Date
€88,582,679.10
(ii) the Principal Receipts
€14,302,233.54
(iii) Principal Carry-over Amount
€0.00
Class A Principal Deficiency Amount
0.00
Class B Principal Deficiency Amount
0.00
Class C Principal Deficiency Amount
0.00
Class D Principal Deficiency Amount
87,435.06
Page 4 of 7
Global Securities Services
Bee First Finance S.A. Compartment Edelweiss 2013-1
Asset Backed Certificates
Deutsche Bank
January 11, 2017 Distribution
Available Funds
Interest & Principal Available Amounts
Available Interest Funds
(a) Interest Receipts or Estimated Interest Receipts
(b) Amounts paid by the Swap Counterparty
€4,920,268.81
€1,599,350.70
€-15,331.89
(c) Interest accrued on and credited to the Distribution Account
€0.00
(d) Interest Carry-over Amount
€0.00
(e) Interest Deficiency Amount
€0.00
(f) Interest or returns accrued on Investments
€0.00
(g) The Reserve Fund
€3,336,250.00
(h) Amounts added under (b)(v) of Principal Priority of Payments
€0.00
(i) Reconciliation Amounts to be added to Available Interest Funds
€0.00
less:
(j) Reconciliation Amounts to be added to Available Principal Funds
Available Principal Funds
(a) Principal Receipts or Estimated Principal Receipts
(b) Amounts reducing or eliminating any of the Principal Deficiency Amounts
€0.00
€14,389,668.60
€14,302,233.54
€87,435.06
(c) Amounts previously retained in the Distribution Account
€0.00
(d) Any amount of Deemed Collections
€0.00
(e) Reconciliation Amounts to be added to Available Principal Funds
€0.00
less:
(f) Interest Deficiency Amount
€0.00
(g) Reconciliation Amounts to be added to Available Interest Funds
€0.00
Total Available Distribution Amount
Page 5 of 7
€19,309,937.41
Global Securities Services
Bee First Finance S.A. Compartment Edelweiss 2013-1
Asset Backed Certificates
Deutsche Bank
January 11, 2017 Distribution
Payment Priorities
Pre-Enforcement Payment Priorities
Available Interest Funds
(a) Amounts due to Note Trustee and Security Trustee
€1,250.00
(b) (i) Paying Agents
€0.00
(ii) Agent Bank
€0.00
(iii) Cash Manager
(iv) Custodian
(v) Corporate Services Provider
(vi) Servicer Facilitator
(vii) Account Bank
(viii) Data Protection Trustee
€1,375.00
€0.00
€9,430.00
€0.00
€2,000.00
€625.00
(ix) Registrar
€0.00
(x) Transfer Agent
€0.00
(xi) Liquidity Facility Provider
€0.00
(xii) Rating Agencies
€0.00
(xiii) Others
€4,625.63
(c) Amounts due and payable to the Servicer
€44,655.38
(d) (i) Amounts due and payable to the Swap Counterparty
€32,529.82
(ii) Liquidity Facility Principal and Interest Amounts
(e) Interest due and payable on the Class A Notes
(f) Towards reducing or eliminating the Class A Principal Deficiency Amount
(g) Interest due and payable on the Class B Notes
(h) Towards reducing or eliminating the Class B Principal Deficiency Amount
(i) Interest due and payable on the Class C Notes
(j) Towards reducing or eliminating the Class C Principal Deficiency Amount
€614.72
€29,089.91
€0.00
€28,965.69
€0.00
€40,308.27
€0.00
(k) Interest due and payable on the Class D Notes
€46,161.51
(l) Towards reducing or eliminating the Class D Principal Deficiency Amount
€87,435.06
(m) Reserve Fund up to the Reserve Fund Required Amount
(n) Swap Subordinated Amounts
(o) Amounts of Scheduled Interest due on the Subordinated Loan
(p) Principal due and payable on the Subordinated Loan
(q) Amounts of Variable Interest due in respect of the Subordinated Loan
Page 6 of 7
€4,920,268.81
€3,336,250.00
€0.00
€14,920.45
€0.00
€1,240,032.37
Global Securities Services
Bee First Finance S.A. Compartment Edelweiss 2013-1
Asset Backed Certificates
Deutsche Bank
January 11, 2017 Distribution
Available Principal Funds
€14,389,668.60
Purchase Termination Date has not occurred:
(a) (i) To purchase Subsequent Lease Receivables
(ii) Any remainder to remain in the Distribution Account
€0.00
€0.00
On or after the Purchase Termination Date:
(b) (i) Principal Amount Outstanding of the Class A Notes
Page 7 of 7
€14,389,668.60
(ii) Principal Amount Outstanding of the Class B Notes
€0.00
(iii) Principal Amount Outstanding of the Class C Notes
€0.00
(iv) Principal Amount Outstanding of the Class D Notes
€0.00
(v) Remainder to be added to the Available Interest Funds
€0.00
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