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Securitization Notes Payable (Tables)
6 Months Ended
Jun. 30, 2012
Securitization Notes Payable [Abstract]  
Securitizations Notes Payable [Table Text Block]
Securitization notes payable as of June 30, 2012, consists of the following (dollars in thousands): 
Year of Transaction

Maturity
Date (a)

Original
Note
Amounts

Original
Weighted
Average
Interest
Rate

Receivables
Pledged

Note
Balance At
June 30, 2012
2008

October 2014
-
April 2015

$
500,000

-
$
750,000


6.0
%
-
10.5
%

$
346,067


$
123,914

2009

January 2016
-
July 2017

227,493

-
725,000


2.7
%
-
7.5
%

299,664


220,909

2010

July 2017
-
April 2018

200,000

-
850,000


2.2
%
-
3.8
%

1,581,612


1,395,383

2011

July 2018
-
March 2019

800,000

-
1,000,000


2.4
%
-
2.9
%

3,374,366


3,104,607

2012 (b)

June 2019
-
November 2019

800,000

-
1,200,000


1.9
%
-
2.9
%

3,948,183


3,758,252



















$
9,549,892


$
8,603,065

Purchase accounting premium
 
 
 
 
 










23,758

Total




















$
8,626,823

_________________  
(a)
Maturity date represents final legal maturity of securitization notes payable. Securitization notes payable are expected to be paid based on amortization of the finance receivables pledged to Trusts.
(b)
Includes the private sale of asset-backed securities.