DBRS Updates Transaction 65 Report of Storm King Funding

As part of its ongoing efforts to increase the transparency of reporting on asset-backed commercial paper (ABCP) conduit activity, DBRS Limited has today released an updated Transaction Summary report that provides details of Transaction 65 under Storm King Funding. The update reflects an increase in the program limit to $100 million.

The collateral supporting Transaction 65 consists of a portfolio of dealer receivables originated by a vehicle finance company operating in Canada and secured by an underlying pool of used vehicles.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodologies are Rating Canadian Floorplan Securitizations, Legal Criteria for Canadian Structured Finance and Rating Canadian ABCP, which can be found on our website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.