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5. Securitization Trust Debt (Tables)

12 Months Ended

Dec. 31, 2019

Securitization Trust Debt

Schedule of securitization trust debt

																				Weighted
																				Average
		Final		Receivables								Outstanding				Outstanding				Contractual
		Scheduled		Pledged at								Principal at				Principal at				Interest Rate at
		Payment		December 31,				Initial				December 31,				December 31,				December 31,
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			–				273,000				19,758				40,896				5.24%
CPS 2014-D		March 2022			24,090				267,500				23,755				46,489				5.53%
CPS 2015-A		June 2022			28,533				245,000				26,713				52,448				5.31%
CPS 2015-B		September 2022			35,509				250,000				36,338				64,591				5.10%
CPS 2015-C		December 2022			52,624				300,000				53,579				90,639				5.77%
CPS 2016-A		March 2023			69,830				329,460				71,599				119,444				6.10%
CPS 2016-B		June 2023			84,403				332,690				82,667				135,688				6.40%
CPS 2016-C		September 2023			85,473				318,500				83,696				136,114				6.42%
CPS 2016-D		April 2024			66,807				206,325				65,021				104,645				4.74%
CPS 2017-A		April 2024			73,549				206,320				71,450				113,527				4.81%
CPS 2017-B		December  2023			89,706				225,170				76,201				127,726				4.14%
CPS 2017-C		September 2024			91,672				224,825				80,315				131,845				4.08%
CPS 2017-D		June 2024			93,992				196,300				83,801				132,919				3.70%
CPS 2018-A		March 2025			100,639				190,000				91,258				142,643				3.61%
CPS 2018-B		December  2024			118,234				201,823				111,188				167,809				4.01%
CPS 2018-C		September 2025			140,405				230,275				130,064				204,418				4.09%
CPS 2018-D		June 2025			164,200				233,730				149,470				224,189				4.08%
CPS 2019-A		March 2026			202,830				254,400				186,900				–				3.95%
CPS 2019-B		June 2026			193,284				228,275				184,308				–				3.58%
CPS 2019-C		December 2026			223,764				243,513				216,650				–				3.02%
CPS 2019-D		March 2027			267,750				274,313				265,035				–				2.60%
				$	2,207,294			$	5,613,919			$	2,109,766			$	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 $806.7 million in 2020, $583.8 million in 2021, $358.1 million in 2022, $261.8 million in 2023, $57.5 million in 2024, and $29.9 million in 2025.

(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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