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3. Securitization Trust Debt (Tables)
 9 Months Ended
Sep. 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:

 

   Final
Scheduled
Payment		  Receivables Pledged at September 30,   Initial   Outstanding Principal at September 30,   Outstanding Principal at December 31,   Weighted
Average Contractual Interest Rate at September 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   –    202,500    –    24,051    – 
 CPS 2014-C  December 2021   24,989    273,000    23,997    40,896    5.04% 
 CPS 2014-D  March 2022   28,979    267,500    28,550    46,489    5.33% 
 CPS 2015-A  June 2022   34,107    245,000    32,069    52,448    5.09% 
 CPS 2015-B  September 2022   41,879    250,000    42,412    64,591    4.97% 
 CPS 2015-C  December 2022   61,129    300,000    61,648    90,639    5.59% 
 CPS 2016-A  March 2023   80,790    329,460    81,833    119,444    5.82% 
 CPS 2016-B  June 2023   96,470    332,690    94,181    135,688    6.13% 
 CPS 2016-C  September 2023   96,780    318,500    94,589    136,114    6.06% 
 CPS 2016-D  April 2024   75,637    206,325    74,176    104,645    4.51% 
 CPS 2017-A  April 2024   83,017    206,320    80,887    113,527    4.61% 
 CPS 2017-B  December 2023   100,865    225,170    87,633    127,726    3.96% 
 CPS 2017-C  September 2024   102,834    224,825    91,654    131,845    3.88% 
 CPS 2017-D  June 2024   104,368    196,300    95,003    132,919    3.55% 
 CPS 2018-A  March 2025   112,179    190,000    103,008    142,643    3.50% 
 CPS 2018-B  December  2024   131,373    201,823    124,822    167,809    3.87% 
 CPS 2018-C  September 2025   157,848    230,275    148,605    204,418    3.94% 
 CPS 2018-D  June 2025   183,774    233,730    169,869    224,189    3.95% 
 CPS 2019-A  March 2026   222,685    254,400    206,977    –    3.87% 
 CPS 2019-B  June 2026   209,982    228,275    202,163    –    3.52% 
 CPS 2019-C  December 2026   237,068    243,513    234,315    –    2.98% 
       $2,186,753   $5,339,606   $2,078,391   $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 $214.6 million in 2019, $743.3 million in 2020, $523.0 million in 2021, $312.6 million in 2022, $216.5 million in 2023, $43.6 million in 2024, $13.0 million in 2025.
(2)Includes repossessed assets that are included in Other assets on our Unaudited Condensed Consolidated Balance Sheet.