GE 2005 Annual Report Download - page 137

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(137)
The following table summarizes data related to securitization sales that we completed during 2005 and 2004.
(Dollars in millions) Equipment
Commercial
real estate
Other
assets
Credit card
receivables
2005
Cash proceeds from securitization $3,702 $5,571 $4,705
$ 6,985
Proceeds from collections reinvested
in new receivables
–
–
27,697
10,067
Cash received on retained interests 190 69 10
1,644
Cash received from servicing and other sources 75 36 91
155
Weighted average lives (in months) 37 80 35
8
Assumptions as of sale date(a)
Discount rate 8.8% 13.4% 12.6 % 11.7%
Prepayment rate 8.8% 6.5% 21.2 % 12.6%
Estimate of credit losses 2.3% 0.8% 0.6 % 7.5%
2004
Cash proceeds from securitization $ 5,367 $ 4,578 $
–
$ 8,121
Proceeds from collections reinvested
in new receivables
21,389 5,208
Cash received on retained interests 107 70 128 1,788
Cash received from servicing and other sources 85 6 62 138
Weighted average lives
(in months) 37 68
–
7
Assumptions as of sale date(a)
Discount rate 8.2% 13.0%
–
12.2%
Prepayment rate 9.1% 11.2%
–
14.9%
Estimate of credit losses 1.9% 1.1%
–
8.9%
(a) Based on weighted averages.