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5. Securitization Trust Debt (Tables)

12 Months Ended

Dec. 31, 2018

Securitization Trust Debt

Schedule of securitization trust debt

Series				Final Scheduled Payment Date (1)		Receivables Pledged at December 31, 2018 (2)				Initial Principal				Outstanding Principal at December 31, 2018				Outstanding Principal at December 31, 2017				Weighted Average Contractual Interest Rate at December 31, 2018
				(Dollars in thousands)
	CPS 2013-B			September 2020			–				205,000				–				18,407				–
	CPS 2013-C			December 2020			–				205,000				–				25,559				–
	CPS 2013-D			March 2021			–				183,000				–				24,917				–
	CPS 2014-A			June 2021			17,442				180,000				15,328				30,521				5.36	%
	CPS 2014-B			September 2021			26,092				202,500				24,051				44,516				4.42	%
	CPS 2014-C			December 2021			42,912				273,000				40,896				71,174				4.52	%
	CPS 2014-D			March 2022			48,279				267,500				46,489				79,099				4.95	%
	CPS 2015-A			June 2022			54,983				245,000				52,448				87,194				4.49	%
	CPS 2015-B			September 2022			65,736				250,000				64,591				102,873				4.43	%
	CPS 2015-C			December 2022			92,123				300,000				90,639				141,362				4.89	%
	CPS 2016-A			March 2023			121,404				329,460				119,444				180,761				5.18	%
	CPS 2016-B			June 2023			139,696				332,690				135,688				201,199				5.40	%
	CPS 2016-C			September 2023			139,406				318,500				136,114				203,504				5.12	%
	CPS 2016-D			April 2024			107,009				206,325				104,645				149,671				3.84	%
	CPS 2017-A			April 2024			115,991				206,320				113,527				161,892				4.00	%
	CPS 2017-B			December  2023			140,953				225,170				127,726				186,594				3.43	%
	CPS 2017-C			September 2024			142,106				224,825				131,845				197,155				3.35	%
	CPS 2017-D			June 2024			142,370				196,300				132,919				189,277				3.11	%
	CPS 2018-A			March 2025			151,620				190,000				142,643				–				3.13	%
	CPS 2018-B			December  2024			175,363				201,823				167,809				–				3.58	%
	CPS 2018-C			September 2025			214,617				230,275				204,418				–				3.65	%
	CPS 2018-D			June 2025			236,410				233,730				224,189				–				3.74	%
						$	2,174,512			$	5,206,418			$	2,075,409			$	2,095,675

 _________________________

(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 $780.0 million in 2019, $587.5 million in 2020, $378.8 million in 2021, $194.6 million in 2022, $116.0 million in 2023, and $6.8 million in 2024.

(2) Includes repossessed assets that are included in Other Assets on our Consolidated Balance Sheets.

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- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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