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5. Securitization Trust Debt (Tables)
 12 Months Ended
Dec. 31, 2017
Securitization Trust Debt  
Schedule of securitization trust debt

The debt issued in these transactions is shown on our Consolidated Balance Sheets as “Securitization trust debt,” and the components of such debt are summarized in the following table:

 

Series   Final Scheduled Payment Date (1)   Receivables Pledged at December 31, 2017 (2)     Initial Principal     Outstanding Principal at December 31, 2017     Outstanding Principal at December 31, 2016     Weighted Average Interest Rate at December 31, 2017  
        (Dollars in thousands)        
CPS 2012-C   December 2019     –       147,000       –       14,421       –  
CPS 2012-D   March 2020     –       160,000       –       17,865       –  
CPS 2013-A   June 2020     –       185,000       –       28,661       –  
CPS 2013-B   September 2020     21,251       205,000       18,407       37,570       2.09%  
CPS 2013-C   December 2020     26,518       205,000       25,559       46,830       5.88%  
CPS 2013-D   March 2021     26,921       183,000       24,917       46,345       5.11%  
CPS 2014-A   June 2021     33,120       180,000       30,521       54,988       4.33%  
CPS 2014-B   September 2021     46,600       202,500       44,516       75,140       3.67%  
CPS 2014-C   December 2021     73,634       273,000       71,174       116,280       3.87%  
CPS 2014-D   March 2022     80,784       267,500       79,099       127,307       4.17%  
CPS 2015-A   June 2022     89,171       245,000       87,194       134,466       3.73%  
CPS 2015-B   September 2022     104,354       250,000       102,873       153,893       3.63%  
CPS 2015-C   December 2022     142,703       300,000       141,362       207,636       4.15%  
CPS 2016-A   March 2023     182,657       329,460       180,761       262,260       4.45%  
CPS 2016-B   June 2023     206,881       332,690       201,199       284,752       4.50%  
CPS 2016-C   September 2023     208,815       318,500       203,504       285,618       4.06%  
CPS 2016-D   April 2024     153,671       206,325       149,671       200,221       3.14%  
CPS 2017-A   April 2024     166,693       206,320       161,892       –       3.31%  
CPS 2017-B   December 2023     198,860       225,170       186,594       –       2.90%  
CPS 2017-C   September 2024     207,158       224,825       197,155       –       2.83%  
CPS 2017-D   June 2024     193,957       196,300       189,277       –       2.74%  
        $ 2,163,746     $ 4,842,590     $ 2,095,675     $ 2,094,253          

 ____________________

  (1) The Final Scheduled Payment Date represents final legal maturity of the securitization trust debt. Securitization trust debt is expected to become due and to be paid prior to those dates, based on amortization of the finance receivables pledged to the Trusts. Expected payments, which will depend on the performance of such receivables, as to which there can be no assurance, are $873.7 million in 2018, $612.3 million in 2019, $362.5 million in 2020, $179.3 million in 2021, $49.5 million in 2022, and $5.9 million in 2023.
  (2) Includes repossessed assets that are included in Other Assets on our Consolidated Balance Sheets.