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Securitizations
 12 Months Ended
Dec. 31, 2012
Securitization [Abstract]  
Securitizations
Securitizations

Automotive Financing - GM Financial

The following table summarizes securitization activity and cash flows from consolidated SPEs used for securitizations (dollars in millions):
 
Years Ended December 31,
 
October 1, 2010 Through December 31, 2010
 
2012
 
2011
 
Receivables securitized
$
6,777

 
$
4,828

 
$
743

Net proceeds from securitization
$
6,400

 
$
4,550

 
$
700

Servicing fees
 
 
 
 
 
Variable interest entities
$
242

 
$
201

 
$
46

Net distributions from trusts
 
 
 
 
 
Variable interest entities
$
1,487

 
$
852

 
$
216



GM Financial retains servicing responsibilities for receivables transferred to securitization SPEs. At December 31, 2012 and 2011 GM Financial serviced finance receivables that have been transferred to certain SPEs of $9.9 billion and $7.9 billion. At December 31, 2012 and 2011 a Canadian subsidiary of GM Financial serviced leased assets of $625 million and $1.0 billion for a third-party.