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3. Securitization Trust Debt (Tables)
 6 Months Ended
Jun. 30, 2019
Securitization Trust Debt  
Schedule of securitization trust debt

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

                      Weighted 
                      Average 
   Final  Receivables       Outstanding   Outstanding   Contractual 
   Scheduled  Pledged at       Principal at   Principal at   Interest Rate 
   Payment  June 30,   Initial   June 30,   December 31,   at June 30, 
Series  Date (1)  2019 (2)   Principal   2019   2018   2019 
   (Dollars in thousands)    
CPS 2014-A  June 2021   –    180,000    –    15,328    – 
CPS 2014-B  September 2021   17,621    202,500    16,123    24,051    5.01% 
CPS 2014-C  December 2021   30,305    273,000    29,187    40,896    4.82% 
CPS 2014-D  March 2022   34,885    267,500    34,054    46,489    5.17% 
CPS 2015-A  June 2022   40,029    245,000    38,299    52,448    4.92% 
CPS 2015-B  September 2022   49,220    250,000    49,129    64,591    4.87% 
CPS 2015-C  December 2022   70,902    300,000    70,694    90,639    5.31% 
CPS 2016-A  March 2023   93,772    329,460    93,582    119,444    5.56% 
CPS 2016-B  June 2023   109,505    332,690    106,586    135,688    5.91% 
CPS 2016-C  September 2023   109,169    318,500    107,065    136,114    5.73% 
CPS 2016-D  April 2024   86,057    206,325    83,989    104,645    4.26% 
CPS 2017-A  April 2024   93,378    206,320    91,757    113,527    4.38% 
CPS 2017-B  December  2023   113,890    225,170    101,091    127,726    3.74% 
CPS 2017-C  September 2024   115,032    224,825    104,137    131,845    3.69% 
CPS 2017-D  June 2024   116,795    196,300    106,895    132,919    3.42% 
CPS 2018-A  March 2025   124,648    190,000    115,610    142,643    3.35% 
CPS 2018-B  December  2024   145,953    201,823    139,191    167,809    3.75% 
CPS 2018-C  September 2025   176,932    230,275    167,341    204,418    3.82% 
CPS 2018-D  June 2025   203,821    233,730    188,878    224,189    3.86% 
CPS 2019-A  March 2026   242,554    254,400    225,776    –    3.82% 
CPS 2019-B  June 2026   223,152    228,275    219,826    –    3.00% 
      $2,197,620   $5,096,093   $2,089,210   $2,075,409      

(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 $421.4 million in 2019, $693.2 million in 2020, $473.3 million in 2021, $272.5 million in 2022, $181.7 million in 2023, $31.7 million in 2024, $3.4 million in 2025.

 

(2)Includes repossessed assets that are included in Other assets on our Unaudited Condensed Consolidated Balance Sheet.