GE Dealer Floorplan Master Note Trust Note Payment Detail Principal Payment Amount

Transcription

1 Class CUSIP A 36159LCN4 B 36159LCP9 C 36159LCQ7 Interest Rate Original Balance GE Dealer Floorplan Master te Trust Beginning Balance te Payment Detail Principal Payment Amount Interest Payment Amount Total Principal and Interest Amount Ending Balance % 500,000,00 500,000,00 401,50 401,50 500,000, % 10,526, ,526, , , ,526, % 15,789, ,789, , , ,789, Totals 526,315,79 526,315,79 436, , ,315,79 Combined Outstanding Principal Balance Aggregate Principal Receivables Overconcentrations Discount Factor Collections Defaults Beginning Combined Outstanding Principal Balance New Volume Principal Collections Default Amount Ending Combined Outstanding Principal Balance Ending Combined Outstanding Principal Balance Adjustment for charged-off Receivables Aggregate Principal Receivables Product Line Overconcentrations Dealer Overconcentrations Manufacturer Overconcentrations Principal Collections n Principal Collections Total Collections Default Amount Total 1,756,895, Overconcentrations 11,312, ,397, ,671,286, Net of Overconcentrations 43,055, , ,780, ,799,950, ,587, ,788,362, , ,762,980, ,675,210, ,756,895, , ,680,683, ,680,683, ,314, ,207, % 1,745,582, , Asset Performance Annualized Yield 6.40% Monthly Payment Rate 22.66% Default Rate 0.10% Page 1 of 10

2 Series Allocations GE Dealer Floorplan Master te Trust Allocation Percentage for n Principal Collections and Default Amount Allocation Percentage for Principal Collections 7.18% n Principal Collections Allocated to Series Principal Collections Allocated to Series Default Amount Allocated to Series 7.18% 3,073, ,391, , Application of Available n Principal Collections n Principal Collections Allocated to Series Investment Earnings in Series Accounts Aggregate Excess n Principal Collections Applied to n Principal Shortfall for Series Available n Principal Collections Allocated to Series (i) (A) Amount to Indenture Trustee (B) Amount to Trustee (C) Amount to Administrator (D) Amount to Custodian 3,073, , ,076, , (ii) (iii) (iv) (v) teholder Servicing Fee Unpaid Servicer Advances and interest thereon Class A Monthly Interest Class B Monthly Interest Class C Monthly Interest 921, ,50 11, , (vi) (vii) (viii) (ix) (x) (xi) (xii) Investor Default Amount (treated as Available Principal Collections) Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections Amount Required to be Deposited into the Reserve Account Remaining Amounts due to Indenture Trustee, Trustee, Administrator, and Custodian Indenture Trustee, Trustee, Administrator, Custodian Amounts otherwise required to be Deposited into the Principal Account (If Early Amortization Period has not occurred) Release to Issuer to make required yield payments on the Principal Overcollateralization Amount (If Early Amortization Period has occurred) Make principal payments, then release to Issuer to make required yield payments on the Principal Overcollateralization Amount 43, ,673, Page 2 of 10

3 GE Dealer Floorplan Master te Trust Payment Date: Excess n Principal Collections for Series ,134, Excess n Principal Collections for Series ,538, Excess n Principal Collections for Series ,145, Excess n Principal Collections for Series 1,566, Excess n Principal Collections for Series ,441, Excess n Principal Collections for Series , Total Excess n Principal Collections 9,684, n Principal Shortfalls for Series n Principal Shortfalls for Series n Principal Shortfalls for Series n Principal Shortfalls for Series n Principal Shortfalls for Series n Principal Shortfalls for Series Total n Principal Shortfalls Page 3 of 10

4 GE Dealer Floorplan Master te Trust Payment Date: Aggregate Excess n Principal Collections Applied to n Principal Shortfalls for Series Aggregate Excess n Principal Collections Applied to n Principal Shortfalls for Series Aggregate Excess n Principal Collections Applied to n Principal Shortfalls for Series Aggregate Excess n Principal Collections Applied to n Principal Shortfalls for Series Aggregate Excess n Principal Collections Applied to n Principal Shortfalls for Series Aggregate Excess n Principal Collections Applied to n Principal Shortfalls for Series Total Aggregate Excess n Principal Collections Applied to n Principal Shortfalls Released to Transferor 9,684, Page 4 of 10

5 Application of Available Principal Collections GE Dealer Floorplan Master te Trust Revolving Period Principal Collections Allocated to Series Investor Default Amount and Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections Available Principal Collections Treated as Shared Principal Collections 125,391, , ,435, Controlled Accumulation Period Principal Collections Allocated to Series Investor Default Amount and Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections Aggregate Shared Principal Collections applied to Principal Shortfall for Series (i) Monthly Principal Deposited into the Principal Account (ii) Monthly Principal Deposited into the Distribution Account and paid to teholders: Class A, Class B, Class C (iii) Principal Overcollateralization Amount (iv) Amounts Remaining as Shared Principal Collections Early Amortization Period Principal Collections Allocated to Series Investor Default Amount and Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections Aggregate Shared Principal Collections applied to Principal Shortfall for Series Series Specific Excess n-principal Collections (i) (ii) (iii) (iv) Monthly Principal Deposited into the Principal Account Monthly Principal Deposited into the Distribution Account and paid to teholders: Class A, Class B, Class C Principal Overcollateralization Amount Amounts Remaining as Shared Principal Collections Page 5 of 10

6 Shared Principal Collections for Principal Sharing Series Aggregate Principal Shortfall for Principal Sharing Series Aggregate Shared Principal Collections for Principal Sharing Series GE Dealer Floorplan Master te Trust 802,785, Aggregate Shared Principal Collections Applied to Principal Shortfall for Series Aggregate Shared Principal Collections Applied to Principal Shortfall for Series Aggregate Shared Principal Collections Applied to Principal Shortfall for Series Aggregate Shared Principal Collections Applied to Principal Shortfall for Series Aggregate Shared Principal Collections Applied to Principal Shortfall for Series Aggregate Shared Principal Collections Applied to Principal Shortfall for Series Amount Deposited into the Excess Funding Account Released to Issuer 802,785, Credit Enhancement (Series Level) Required Reserve Account Required Reserve Account Percentage te Principal Balance Required Reserve Account Amount Reserve Account Investment Earnings Beginning Reserve Account Amount Reserve Account Deposits Reserve Account Withdrawals Ending Reserve Account Amount Reserve Account Deficiency Principal Overcollateralization Amount 2.50% 526,315,79 13,157, , ,157, ,157, ,315, Page 6 of 10

7 n Principal Account (Series Level Account) Beginning Balance Deposits Disbursements Ending Balance Principal Account (Series Level Account) Beginning Balance Deposits Disbursements Ending Balance GE Dealer Floorplan Master te Trust 544, , Principal Account Investment Earnings Free Equity Amount (Trust Level) te Trust Principal Balance te Principal Balance Principal Overcollateralization Amount Excess Investor Charge-offs & Reallocated Principal Collections Aggregate Collateral Amount for all Series of tes outstanding Free Equity Amount 3,368,422, ,421, ,671,286, ,536,844, ,134,441, Minimum Free Equity Percentage Total Overconcentration Minimum Free Equity Amount VFN Activity (Trust Level) Free Equity Amount before VFN activity VFN Optional Amortization Amount (VFN Additional Advance Amount) Free Equity Amount after VFN activity % 60,522, ,522, ,134,441, ,134,441, Excess Funding Account (Trust Level Account) Excess Funding Account Investment Earnings Beginning Balance Deposits Disbursements Ending Balance Page 7 of 10

8 GE Dealer Floorplan Master te Trust Summary of Allocation of Collections Total Principal Collections 1,745,582, Principal Collections Allocated to Series ,086, Principal Collections Allocated to Series ,391, Principal Collections Allocated to Series ,277, Principal Collections Allocated to Series 125,391, Principal Collections Allocated to Series ,121, Principal Collections Allocated to Series ,234, Principal Collections t Allocated to Any Series and Released to Issuer 943,079, Total n Principal Collections 42,780, n Principal Collections Allocated to Series ,609, n Principal Collections Allocated to Series ,073, n Principal Collections Allocated to Series ,148, n Principal Collections Allocated to Series 3,073, n Principal Collections Allocated to Series ,919, n Principal Collections Allocated to Series ,843, n Principal Collections t Allocated to Any Series and Released to Issuer 23,112, Page 8 of 10

9 Performance GE Dealer Floorplan Master te Trust (1) Are there any material modifications, extensions, or waivers to pool assets? (2) Are there any material breaches of pool asset representations and warranties or covenants? (3) Are there any changes in criteria used to originate, acquire, or select new pool assets? (4) Has the master servicer made any Servicer Advances during the previous collection period? (5) Has an Early Amortization Event occurred? (6) Has the Monthly Payment Rate trigger been met? Current Month's Monthly Payment Rate Prior Month's Monthly Payment Rate Second Prior Month's Monthly Payment Rate 3 Month Average Monthly Payment Rate 22.66% 27.85% 26.32% 25.61% (7) Has the Default Rate trigger been met? Current Month's Default Rate Prior Month's Default Rate Second Prior Month's Default Rate 3 Month Average Default Rate 0.10% 0.10% 0.02% 0.07% (8) Is Reserve Account balance less than Reserve Account trigger? Reserve Account balance (A) Required Reserve Account Percentage minus 0.25% times (B) te Principal Balance Reserve Account trigger 13,157, % 526,315,79 11,842, (9) Is the sum of all investments held in trust accounts of the Issuer more than 50% of the assets of the Issuer on each of 6 or more preceding consecutive monthly determination dates? Current Month 1.32% (10) Have any new series been issued during the related monthly collection period? (11) Have any account additions or account removals (other than Inactive Accounts) occurred during the related monthly collection period? Number of accounts added / removed : (5) Outstanding balance of Principal Receivables in such added / (removed) accounts as of the date of such addition / removal: (186,187,043) Yes Page 9 of 10

10 GE Dealer Floorplan Master te Trust Delinquency Days Outstanding Count of Accounts Amount (Dollars in Millions) Percentage of Total Receivables Outstanding Percentage of Total Accounts Outstanding *Total % 0.03% 0.01% 0.01% % % 0.13% 2.33% 0.43% 0.27% 0.14% 0.11% 0.28% 3.57% *Figures may not foot due to rounding IN WITNESS WHEREOF, the undersigned has duly executed this monthly teholder's Statement as of the day of,. GE Capital US Holdings, INC. as Master Servicer BY: NAME: TITLE: Servicing Officer Page 10 of 10