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The Securitization Markets Handbook: Structures and Dynamics of Mortgage-and Asset-Backed Securities by Anne Zissu, Charles Austin Stone

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Chapter Seven
Dealer Floor Plan Loans
THE NEXT TWO CHAPTERS discuss how revolving lines of credit are securitized. The receivables that fall into this category comprise a large segment of the asset-backed markets and include dealer floor plan loans, also referred to as wholesale motor vehicle loans, and credit card receivables (the subject of Chapter 8), as well as home equity lines of credit and trade receivables.

Trends in Wholesale Automobile Credit Securitization

TO UNDERSTAND the trend of securitization in the sphere of wholesale automobile credit, consider that the ratio of owned wholesale receivables to managed wholesale receivables had been 4.36 back in August 1990. (Note that “owned” receivables are those that are balance-sheet ...

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