-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VOaxkKw3AdvX+2F9+XZyzdKnmgo69vg3wzdXjXU6J/7R2/W8tKHkZzpc7hipi/NE z7HWeBSRCCMQMf9xm0hX4w== 0001144204-08-059386.txt : 20081027 0001144204-08-059386.hdr.sgml : 20081027 20081027111203 ACCESSION NUMBER: 0001144204-08-059386 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20081020 FILED AS OF DATE: 20081027 DATE AS OF CHANGE: 20081027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GE Dealer Floorplan Master Note Trust CENTRAL INDEX KEY: 0001290200 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 270087394 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-115582 FILM NUMBER: 081141574 BUSINESS ADDRESS: STREET 1: 5595 TRILLIUM BOULEVARD CITY: HOFFMAN ESTATES STATE: IL ZIP: 60192 BUSINESS PHONE: 847-747-6800 MAIL ADDRESS: STREET 1: 5595 TRILLIUM BOULEVARD CITY: HOFFMAN ESTATES STATE: IL ZIP: 60192 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CDF Funding, Inc. CENTRAL INDEX KEY: 0001290205 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 201060484 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-115582-03 FILM NUMBER: 081141575 BUSINESS ADDRESS: STREET 1: 5595 TRILLIUM BOULEVARD CITY: HOFFMAN ESTATES STATE: IL ZIP: 60192 BUSINESS PHONE: 847-747-6800 MAIL ADDRESS: STREET 1: 5595 TRILLIUM BOULEVARD CITY: HOFFMAN ESTATES STATE: IL ZIP: 60192 10-D 1 v129542_10d.htm Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER
Distribution Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

For the monthly distribution period from
September 1, 2008 to September 30, 2008

Commission File Number of issuing entity:
333-115582, 333-130782-02

GE Dealer Floorplan Master Note Trust
(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor:
333-115582-03, 333-130782

CDF Funding, Inc.
(Exact name of depositor as specified in its charter)

GE Commercial Distribution Finance Corporation
(Exact name of sponsor as specified in its charter)

Delaware
  
None
(State or other jurisdiction of incorporation or
organization of the issuing entity)
  
(I.R.S. Employer Identification No.)
     
5595 Trillium Boulevard
Hoffman Estates, Illinois 60192
  
60192
(Address of principal executive offices of
issuing entity)
  
(Zip Code)

        (847) 747-4043        
(Telephone number, including area code)

            N/A            
(Former name, former address, if changed since last report)

Title of Class
Registered/reported pursuant to (check one)
Name of exchange
(If Section 12(b))
Section 12(b)
Section 12(g)
Section 15(d)
Series 2006-1 Asset Backed Notes in the
classes specified herein
[___]
[___]
[ X ]
___________
         
Series 2006-2 Asset Backed Notes in the
classes specified herein
[___]
[___]
[ X ]
___________
         
Series 2006-3 Asset Backed Notes in the
classes specified herein
[___]
[___]
[ X ]
___________
         
Series 2006-4 Asset Backed Notes in the
classes specified herein
[___]
[___]
[ X ]
___________
         
Series 2007-1 Asset Backed Notes in the
classes specified herein
[___]
[___]
[ X ]
___________
         
Series 2007-2 Asset Backed Notes in the
classes specified herein
[___]
[___]
[ X ]
___________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes X     No __
 
 
 


PART I - DISTRIBUTION INFORMATION

ITEM 1 - Distribution and Pool Performance Information.

The response to Item 1 is set forth in part herein and in part in Exhibits 99.1, 99.2, 99.3, 99.4, 99.5 and 99.6.

Introductory and explanatory information regarding the material terms, parties and distributions described in Exhibit 99.1 is included in the Prospectus Supplement relating to the Asset Backed Notes, Series 2006-1 (the “2006-1 Notes”), dated June 27, 2006, and related Prospectus dated June 27, 2006 (collectively, the “2006-1 Prospectus”), of the Issuing Entity filed with the Securities and Exchange Commission pursuant to Rule 424(b)(5) under the Securities Act of 1933. The following classes of 2006-1 Notes were offered under the 2006-1 Prospectus: Class A, Class B, and Class C.

Introductory and explanatory information regarding the material terms, parties and distributions described in Exhibit 99.2 is included in the Prospectus Supplement relating to the Asset Backed Notes, Series 2006-2 (the “2006-2 Notes”), dated June 27, 2006, and related Prospectus dated June 27, 2006 (collectively, the “2006-2 Prospectus”), of the Issuing Entity filed with the Securities and Exchange Commission pursuant to Rule 424(b)(5) under the Securities Act of 1933. The following classes of 2006-2 Notes were offered under the 2006-2 Prospectus: Class A, Class B, and Class C.

Introductory and explanatory information regarding the material terms, parties and distributions described in Exhibit 99.3 is included in the Prospectus Supplement relating to the Asset Backed Notes, Series 2006-3 (the “2006-3 Notes”), dated August 1, 2006, and related Prospectus dated July 31, 2006 (collectively, the “2006-3 Prospectus”), of the Issuing Entity filed with the Securities and Exchange Commission pursuant to Rule 424(b)(5) under the Securities Act of 1933. The following classes of 2006-3 Notes were offered under the 2006-3 Prospectus: Class A, Class B, and Class C.

Introductory and explanatory information regarding the material terms, parties and distributions described in Exhibit 99.4 is included in the Prospectus Supplement relating to the Asset Backed Notes, Series 2006-4 (the “2006-4 Notes”), dated October 31, 2006, and related Prospectus dated October 30, 2006 (collectively, the “2006-4 Prospectus”), of the Issuing Entity filed with the Securities and Exchange Commission pursuant to Rule 424(b)(5) under the Securities Act of 1933. The following classes of 2006-4 Notes were offered under the 2006-4 Prospectus: Class A, Class B, and Class C.

Introductory and explanatory information regarding the material terms, parties and distributions described in Exhibit 99.5 is included in the Prospectus Supplement relating to the Asset Backed Notes, Series 2007-1 (the “2007-1 Notes”), dated April 19, 2007, and related Prospectus dated April 18, 2007 (collectively, the “2007-1 Prospectus”), of the Issuing Entity filed with the Securities and Exchange Commission pursuant to Rule 424(b)(5) under the Securities Act of 1933. The following classes of 2007-1 Notes were offered under the 2007-1 Prospectus: Class A, Class B, and Class C.
 
2
 

Introductory and explanatory information regarding the material terms, parties and distributions described in Exhibit 99.6 is included in the Prospectus Supplement relating to the Asset Backed Notes, Series 2007-2 (the “2007-2 Notes”), dated July 24, 2007, and related Prospectus dated July 23, 2007 (collectively, the “2007-2 Prospectus”), of the Issuing Entity filed with the Securities and Exchange Commission pursuant to Rule 424(b)(5) under the Securities Act of 1933. The following classes of 2007-2 Notes were offered under the 2007-2 Prospectus: Class A, Class B, and Class C.

PART II - OTHER INFORMATION

ITEM 2 - Legal Proceedings.

Nothing to report.

ITEM 3 - Sales of Securities and Use of Proceeds.

On June 13, 2008, GE Dealer Floorplan Master Note Trust privately issued in reliance on Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”), $727,500,000 of Class A Series 2008-A Floating Rate Asset Backed Notes, $15,000,000 of Class B Series 2008-A Floating Rate Asset Backed Notes and $7,500,000 of Class C Series 2008-A Floating Rate Asset Backed Notes (collectively, the “Series 2008-A Notes”) to certain accredited investors.

The proceeds of the offering of the Series 2008-A Notes were used to purchase dealer floorplan receivables and for general corporate purposes, including payment of the proceeds to the shareholders of CDF Funding, Inc. Except as provided in the previous sentence, none of the proceeds were used for payments to (a) any directors or officers of the Issuer or (b) owners of 10 percent or more of any class of securities of the Issuer.

ITEM 4 - Defaults Upon Senior Securities.

Nothing to report.

ITEM 5 - Submission of Matters to a Vote of Security Holders.

Nothing to report.

ITEM 6 - Significant Obligors of Pool Assets.

Nothing to Report.

ITEM 7 - Significant Enhancement Provider Information.

Inapplicable.
 
3
 

ITEM 8 - Other Information.

Nothing to report.
 
ITEM 9 - Exhibits.
 
 
(a)
Documents filed as part of this report.
 
Exhibit 99.1
2006-1 Monthly Noteholder’s Statement
 
Exhibit 99.2
2006-2 Monthly Noteholder’s Statement
 
Exhibit 99.3
2006-3 Monthly Noteholder’s Statement
 
Exhibit 99.4
2006-4 Monthly Noteholder’s Statement
 
Exhibit 99.5
2007-1 Monthly Noteholder’s Statement
 
Exhibit 99.6
2007-2 Monthly Noteholder’s Statement
 
 
(b)
Exhibits required by Form 10-D and Item 601 of Regulation S-K.
 
Exhibit 99.1
2006-1 Monthly Noteholder’s Statement
 
Exhibit 99.2
2006-2 Monthly Noteholder’s Statement
 
Exhibit 99.3
2006-3 Monthly Noteholder’s Statement
 
Exhibit 99.4
2006-4 Monthly Noteholder’s Statement
 
Exhibit 99.5
2007-1 Monthly Noteholder’s Statement
 
Exhibit 99.6
2007-2 Monthly Noteholder’s Statement
 
 
4
 


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
Dated: October 22, 2008
 
CDF FUNDING, INC.
(Depositor)

By: /s/ John E. Peak        
Name: John E. Peak
Title: Vice President

 
 
 
 
 EX-99.1 2 v129542_ex99-1.htm Unassociated Document
GE Dealer Floorplan Master Note Trust
2006-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2009
    
Final Maturity Date:
4/20/2011
    

Note Payment Detail

Class
CUSIP
Interest Rate
Original Face
Value
Beginning
Class Balance
Principal
Payment
Amount
Interest
Payment
Amount
Total
Ending
Class Balance
A
36159LAN6
3.19750%
1,432,500,000.00
1,432,500,000.00
0.00
3,562,547.92
3,562,547.92
1,432,500,000.00
B
36159LAP1
3.35750%
52,500,000.00
52,500,000.00
0.00
137,097.92
137,097.92
52,500,000.00
C
36159LAQ9
3.55750%
15,000,000.00
15,000,000.00
0.00
41,504.17
41,504.17
15,000,000.00
TOTALS
    
1,500,000,000.00
1,500,000,000.00
0.00
3,741,150.01
3,741,150.01
1,500,000,000.00

Beginning of Month Balance
          
7,749,043,097.67
New Volume
          
2,080,380,322.42
Principal Collections
          
2,042,938,938.04
Defaulted Amount
          
7,412,918.82
End of Month Balance
          
7,779,071,563.23
             
Annualized Yield
          
8.06%
             
Overconcentrations
            
Are there any Dealer Overconcentrations?
  
No
        
0.00
            
Are there any Manufacturer Overconcentrations?
  
No
        
0.00
            
Are there any Product Line Overconcentrations?
  
No
        
0.00
            
             
Collections
  
Total
  
Overconcentration
    
Principal Collections
  
2,042,938,938.04
  
0.00
  
2,042,938,938.04
Non Principal Collections
  
52,300,847.27
  
0.00
  
52,300,847.27
Total Collections
  
2,095,239,785.31
  
0.00
  
2,095,239,785.31
Defaults
            
Default Amount
  
7,412,918.82
  
0.00
  
7,412,918.82
Series Allocation Percentage
          
19.36%
Investor Default Amount
          
1,434,935.65
Charge-offs
            
Investor Charge-offs
          
0.00
 
Page 1 of 8

GE Dealer Floorplan Master Note Trust
2006-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2009
    
Final Maturity Date:
4/20/2011
    
 
Allocation of Available Non Principal Collections    
 
Series Allocation Percentage
19.36%
  
 
Available Non Principal Collections Allocated to Series
  
10,123,994.66
Application of Available Non Principal Collections and Available Principal Collections    
       
(a)
Available Non Principal Collections Allocated to Series
  
10,123,994.66
           
 
(i)
(A)
Amount to Indenture Trustee
  
0.00
   
(B)
Amount to Trustee
  
0.00
   
(C)
Amount to Administrator
  
71.43
   
(D)
Amount to Custodian
  
0.00
         
 
(ii)
Noteholder Servicing Fee
  
2,500,000.00
   
Unpaid Servicer Advances and interest thereon
  
0.00
         
 
(iii)
Class A Monthly Interest
  
3,562,547.92
 
(iv)
Class B Monthly Interest
  
137,097.92
 
(v)
Class C Monthly Interest
  
41,504.17
         
 
(vi)
Investor Default Amount (treated as Available Principal Collections)
  
1,434,935.65
         
  (vii)
Investor Charge-offs
0.00
  
   
Reimbursement of Investor Charge-offs
0.00
  
   
Unreimbursed Investor Charge-offs
0.00
  
   
Reallocation Principal Collections
0.00
  
   
Reimbursement of Reallocated Principal Collections
0.00
  
   
Unreimbursed Reallocated Principal Collections
0.00
  
   
Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections
  
0.00
         
 
(viii)
Amount Required to be Deposited to the Reserve Account
  
0.00
         
 
(ix)
Remaining Amounts due to:
    
   
Indenture Trustee
  
0.00
   
Trustee
  
0.00
   
Administrator
  
0.00
   
Custodian
  
0.00
         
 
(x)
Amounts otherwise required to be Deposited to Principal Account
  
0.00

Page 2 of 8
 
GE Dealer Floorplan Master Note Trust
2006-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2009
    
Final Maturity Date:
4/20/2011
    
 
Excess Non Principal Collections for Series 2005-2
    
0.00
  
Excess Non Principal Collections for Series 2006-1
    
2,447,837.57
  
Excess Non Principal Collections for Series 2006-2
    
792,428.80
  
Excess Non Principal Collections for Series 2006-3
    
1,632,023.46
  
Excess Non Principal Collections for Series 2006-4
    
2,041,748.57
  
Excess Non Principal Collections for Series 2007-1
    
1,609,467.90
  
Excess Non Principal Collections for Series 2007-2
    
1,626,812.34
  
Excess Non Principal Collections for Series 2008-A
    
431,541.40
  
         
Total Excess Non Principal Collections
    
10,581,860.04
  
         
Non Principal Shortfalls for Series 2005-2
    
0.00
  
Non Principal Shortfalls for Series 2006-1
    
0.00
  
Non Principal Shortfalls for Series 2006-2
    
0.00
  
Non Principal Shortfalls for Series 2006-3
    
0.00
  
Non Principal Shortfalls for Series 2006-4
    
0.00
  
Non Principal Shortfalls for Series 2007-1
    
0.00
  
Non Principal Shortfalls for Series 2007-2
    
0.00
  
Non Principal Shortfalls for Series 2008-A
    
0.00
  
         
Total Non Principal Shortfalls
    
0.00
  
         
         
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2005-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-1
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-3
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-4
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2007-1
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2007-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2008-A
    
0.00
  
Total Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls
    
0.00
  
         
Released to Transferor
    
10,581,860.04
  
 
Page 3 of 8

GE Dealer Floorplan Master Note Trust
2006-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2009
    
Final Maturity Date:
4/20/2011
    
 
(b)
Revolving Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(x) of Indenture Supplement
395,456,363.89
 
Available Principal Collections Treated as Shared Principal Collections Applied According to Section 8.5 of Indenture
396,891,299.54
     
(c)
Controlled Accumulation Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(y) of Indenture Supplement
0.00
 
Available Principal Collections Treated as Shared Principal Collections
0.00
 
(i)
Monthly Principal Deposited into the Principal Account
0.00
 
(ii)
Monthly Principal Deposited to Distribution Account and paid to:
  
   
Class A
0.00
   
Class B
0.00
   
Class C
0.00
 
(iii)
Amounts Remaining as Shared Principal Collections Applied According to Section 8.5 of Indenture
0.00
     
 
Early Amortization Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(z) of Indenture Supplement
0.00
 
(i)
Monthly Principal Deposited into the Principal Account
0.00
 
(ii)
Monthly Principal Deposited to Distribution Account and paid to:
  
   
Class A
0.00
   
Class B
0.00
   
Class C
0.00
 
(iii)
Amounts Remaining as Shared Principal Collections Applied According to Section 8.5 of Indenture
0.00
   
Shared Principal Collections for Principal Sharing Series
  
Aggregate Shared Principal Collections for Principal Sharing Series
1,852,159,397.88
Aggregate Principal Shortfall for Principal Sharing Series
0.00
   
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2005-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-1
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-3
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-4
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2007-1
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2007-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2008-A
0.00
   
Amount Deposited into the Excess Funding Account
0.00
Released to Transferor
1,852,159,397.88


Page 4 of 8

GE Dealer Floorplan Master Note Trust
2006-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2009
    
Final Maturity Date:
4/20/2011
    
 
Reserve Account (Series Level Account)
  
Beginning Reserve Account Amount
37,500,000.00
Required Reserve Account Amount
  
Required Reserve Account Percentage
2.50%
Note Principal Balance
1,500,000,000.00
Required Reserve Account Amount
37,500,000.00
   
Reserve Account Deficiency
0.00
Reserve Account Deposits
75,403.06
Reserve Account Withdrawals
75,403.06
Ending Reserve Account Amount
37,500,000.00
Non Principal Account (Series Level Account)
  
Beginning Balance
0.00
Deposits
3,741,150.01
Disbursements
3,741,150.01
Ending Balance
0.00
Principal Account (Series Level Account)
  
Beginning Balance
0.00
Deposits
0.00
Disbursements
0.00
Ending Balance
0.00
Free Equity Amount
  
Note Trust Principal Balance
7,779,071,563.23
Aggregate Collateral Amount for all Series of Notes
7,000,000,000.00
Free Equity Amount
779,071,563.23
   
Minimum Free Equity Percentage
0.00%
Outstanding Principal Balance
7,000,000,000.00
Total Overconcentration
0.00
Minimum Free Equity Amount
0.00
Excess Funding Account (Trust Level Account)
  
Beginning Balance
0.00
Deposits
0.00
Disbursements
0.00
Ending Balance
0.00
 
Page 5 of 8

GE Dealer Floorplan Master Note Trust
2006-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2009
    
Final Maturity Date:
4/20/2011
    
 
Summary of Allocation of Collections
  
   
Total Principal Collections
2,042,938,938.04
   
Principal Collections Allocated to Series 2005-2
0.00
Principal Collections Allocated to Series 2006-1
395,456,363.89
Principal Collections Allocated to Series 2006-2
131,818,787.96
Principal Collections Allocated to Series 2006-3
263,637,575.93
Principal Collections Allocated to Series 2006-4
329,546,969.91
Principal Collections Allocated to Series 2007-1
263,637,575.93
Principal Collections Allocated to Series 2007-2
263,637,575.93
Principal Collections Allocated to Series 2008-A
197,728,181.95
Principal Collections Not Allocated to Any Series and Released to Transferor
197,475,906.54
   
Total Non Principal Collections
52,300,847.27
Non Principal Collections Allocated to Series 2005-2
0.00
Non Principal Collections Allocated to Series 2006-1
10,123,994.66
Non Principal Collections Allocated to Series 2006-2
3,374,664.89
Non Principal Collections Allocated to Series 2006-3
6,749,329.77
Non Principal Collections Allocated to Series 2006-4
8,436,662.21
Non Principal Collections Allocated to Series 2007-1
6,749,329.77
Non Principal Collections Allocated to Series 2007-2
6,749,329.77
Non Principal Collections Allocated to Series 2008-A
5,061,997.33
   
Non Principal Collections Not Allocated to Any Series and Released to Transferor
5,055,538.87


Page 6 of 8

GE Dealer Floorplan Master Note Trust
2006-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2009
    
Final Maturity Date:
4/20/2011
    
 
Performance
      
   
(1) Are there any material modifications, extensions, or waivers to pool assets?
No
(2) Are there any material breaches of pool of assets representations and warranties or covenants?
No
(3) Are there any changes in criteria used to originate, acquire, or select new pool assets?
No
(4) Has the master servicer made any Servicer Advances during the previous collection period?
No
(5) Has an early amortization event occurred?
    
No
(6) Have any Payment Rate Triggers been met?
    
No
Average Monthly Payment Rates < 25%
      
Current Monthly Payment Rate
  
26.36%
  
Prior Monthly Payment Rate
  
26.71%
  
Second Prior Monthly Payment Rate
  
27.68%
  
3 Month Average Monthly Payment Rate
  
26.92%
  
     
(7) Reserve Account balance < Reserve Account trigger
  
No
Reserve Account balance
  
37,500,000.00
  
(A) Required Reserve Account Percentage minus 0.25%
2.25
  
times (B) Note Principal Balance
  
1,500,000,000.00
  
Reserve Account trigger
  
33,750,000.00
  
   
(8) The sum of all investments held in trust accounts of the Issuer > 50% of the assets of the Issuer
No
       
Current Month
  
2.24%
  
Prior Month
  
2.55%
  
Second Prior Month
  
2.53%
  
Third Prior Month
  
2.46%
  
Fourth Prior Month
  
2.12%
  
Fifth Prior Month
  
2.02%
  
   
(9) Have any new series been issued during the related monthly collection period?
No
   
(10) Have any account additions or account removals occurred during the related monthly collection period?
Yes
Number of accounts added / (removed)                1
  

Page 7 of 8
 
GE Dealer Floorplan Master Note Trust
2006-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2009
    
Final Maturity Date:
4/20/2011
    
 
Delinquency
          
           
Days Outstanding
    
Amount
(Dollars in Millions)
  
Percentage of Total
Receivables Outstanding
  
31 - 60
  
11.0
  
0.14%
  
61 - 90
  
7.5
  
0.10%
  
91 - 120
  
6.7
  
0.09%
  
121 - 150
  
3.0
  
0.04%
  
151 - 180
  
1.2
  
0.02%
  
*Total
  
29.3
  
0.38%
  
 
*Figures may not foot due to rounding

Page 8 of 8
 
 EX-99.2 3 v129542_ex99-2.htm Unassociated Document
 
GE Dealer Floorplan Master Note Trust
2006-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2011
    
Final Maturity Date:
4/22/2013
    

Note Payment Detail

Class
CUSIP
Interest Rate
Original Face
Value
Beginning
Class Balance
Principal
Payment
Amount
Interest
Payment
Amount
Total
Ending
Class Balance
A
36159LAR7
3.25750%
477,500,000.00
477,500,000.00
0.00
1,209,799.31
1,209,799.31
477,500,000.00
B
36159LAS5
3.42750%
17,500,000.00
17,500,000.00
0.00
46,652.08
46,652.08
17,500,000.00
C
36159LAT3
3.61750%
5,000,000.00
5,000,000.00
0.00
14,068.06
14,068.06
5,000,000.00
TOTALS
    
500,000,000.00
500,000,000.00
0.00
1,270,519.45
1,270,519.45
500,000,000.00

Beginning of Month Balance
          
7,749,043,097.67
New Volume
          
2,080,380,322.42
Principal Collections
          
2,042,938,938.04
Defaulted Amount
          
7,412,918.82
End of Month Balance
          
7,779,071,563.23
             
Annualized Yield
          
8.06%
Overconcentrations
            
Are there any Dealer Overconcentrations?
  
No
        
0.00
            
Are there any Manufacturer Overconcentrations?
  
No
        
0.00
            
Are there any Product Line Overconcentrations?
  
No
        
0.00
            
Collections
  
Total
  
Overconcentration
    
Principal Collections
  
2,042,938,938.04
  
0.00
  
2,042,938,938.04
Non Principal Collections
  
52,300,847.27
  
0.00
  
52,300,847.27
Total Collections
  
2,095,239,785.31
  
0.00
  
2,095,239,785.31
Defaults
            
Default Amount
  
7,412,918.82
  
0.00
  
7,412,918.82
Series Allocation Percentage
          
6.45%
Investor Default Amount
          
478,311.88
Charge-offs
            
Investor Charge-offs
          
0.00
 
Page 1 of 8
 
GE Dealer Floorplan Master Note Trust
2006-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2011
    
Final Maturity Date:
4/22/2013
    
 
Allocation of Available Non Principal Collections    
 
Series Allocation Percentage
6.45%
  
 
Available Non Principal Collections Allocated to Series
  
3,374,664.89
Application of Available Non Principal Collections and Available Principal Collections    
       
(a)
Available Non Principal Collections Allocated to Series
  
3,374,664.89
 
(i)
(A)
Amount to Indenture Trustee
  
0.00
   
(B)
Amount to Trustee
  
0.00
   
(C)
Amount to Administrator
  
71.43
   
(D)
Amount to Custodian
  
0.00
         
 
(ii)
Noteholder Servicing Fee
  
833,333.33
   
Unpaid Servicer Advances and interest thereon
  
0.00
         
 
(iii)
Class A Monthly Interest
  
1,209,799.31
 
(iv)
Class B Monthly Interest
  
46,652.08
 
(v)
Class C Monthly Interest
  
14,068.06
         
 
(vi)
Investor Default Amount (treated as Available Principal Collections)
  
478,311.88
         
 
(vii)
Investor Charge-offs
0.00
  
   
Reimbursement of Investor Charge-offs
0.00
  
   
Unreimbursed Investor Charge-offs
0.00
  
   
Reallocation Principal Collections
0.00
  
   
Reimbursement of Reallocated Principal Collections
0.00
  
   
Unreimbursed Reallocated Principal Collections
0.00
  
   
Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections
  
0.00
         
 
(viii)
Amount Required to be Deposited to the Reserve Account
  
0.00
         
 
(ix)
Remaining Amounts due to:
    
   
Indenture Trustee
  
0.00
   
Trustee
  
0.00
   
Administrator
  
0.00
   
Custodian
  
0.00
         
 
(x)
Amounts otherwise required to be Deposited to Principal Account
  
0.00

Page 2 of 8
 
GE Dealer Floorplan Master Note Trust
2006-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2011
    
Final Maturity Date:
4/22/2013
    
 
Excess Non Principal Collections for Series 2005-2
    
0.00
  
Excess Non Principal Collections for Series 2006-1
    
2,447,837.57
  
Excess Non Principal Collections for Series 2006-2
    
792,428.80
  
Excess Non Principal Collections for Series 2006-3
    
1,632,023.46
  
Excess Non Principal Collections for Series 2006-4
    
2,041,748.57
  
Excess Non Principal Collections for Series 2007-1
    
1,609,467.90
  
Excess Non Principal Collections for Series 2007-2
    
1,626,812.34
  
Excess Non Principal Collections for Series 2008-A
    
431,541.40
  
         
Total Excess Non Principal Collections
    
10,581,860.04
  
         
Non Principal Shortfalls for Series 2005-2
    
0.00
  
Non Principal Shortfalls for Series 2006-1
    
0.00
  
Non Principal Shortfalls for Series 2006-2
    
0.00
  
Non Principal Shortfalls for Series 2006-3
    
0.00
  
Non Principal Shortfalls for Series 2006-4
    
0.00
  
Non Principal Shortfalls for Series 2007-1
    
0.00
  
Non Principal Shortfalls for Series 2007-2
    
0.00
  
Non Principal Shortfalls for Series 2008-A
    
0.00
  
         
Total Non Principal Shortfalls
    
0.00
  
         
         
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2005-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-1
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-3
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-4
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2007-1
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2007-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2008-A
    
0.00
  
Total Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls
    
0.00
  
         
Released to Transferor
    
10,581,860.04
  


Page 3 of 8
 
GE Dealer Floorplan Master Note Trust
2006-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2011
    
Final Maturity Date:
4/22/2013
    
 
(b)
Revolving Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(x) of Indenture Supplement
131,818,787.96
 
Available Principal Collections Treated as Shared Principal Collections Applied According to Section 8.5 of Indenture
132,297,099.84
     
(c)
Controlled Accumulation Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(y) of Indenture Supplement
0.00
 
Available Principal Collections Treated as Shared Principal Collections
0.00
 
(i)
Monthly Principal Deposited into the Principal Account
0.00
 
(ii)
Monthly Principal Deposited to Distribution Account and paid to:
  
   
Class A
0.00
   
Class B
0.00
   
Class C
0.00
 
(iii)
Amounts Remaining as Shared Principal Collections Applied According to Section 8.5 of Indenture
0.00
     
 
Early Amortization Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(z) of Indenture Supplement
0.00
 
(i)
Monthly Principal Deposited into the Principal Account
0.00
 
(ii)
Monthly Principal Deposited to Distribution Account and paid to:
  
   
Class A
0.00
   
Class B
0.00
   
Class C
0.00
 
(iii)
Amounts Remaining as Shared Principal Collections Applied According to Section 8.5 of Indenture
0.00
   
Shared Principal Collections for Principal Sharing Series
  
Aggregate Shared Principal Collections for Principal Sharing Series
1,852,159,397.88
Aggregate Principal Shortfall for Principal Sharing Series
0.00
   
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2005-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-1
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-3
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-4
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2007-1
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2007-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2008-A
0.00
   
Amount Deposited into the Excess Funding Account
0.00
Released to Transferor
1,852,159,397.88


Page 4 of 8
 
GE Dealer Floorplan Master Note Trust
2006-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2011
    
Final Maturity Date:
4/22/2013
    
 
Reserve Account (Series Level Account)
  
Beginning Reserve Account Amount
12,500,000.00
Required Reserve Account Amount
  
Required Reserve Account Percentage
2.50%
Note Principal Balance
500,000,000.00
Required Reserve Account Amount
12,500,000.00
   
Reserve Account Deficiency
0.00
Reserve Account Deposits
25,140.48
Reserve Account Withdrawals
25,140.48
Ending Reserve Account Amount
12,500,000.00
Non Principal Account (Series Level Account)
  
Beginning Balance
0.00
Deposits
1,270,519.45
Disbursements
1,270,519.45
Ending Balance
0.00
Principal Account (Series Level Account)
  
Beginning Balance
0.00
Deposits
0.00
Disbursements
0.00
Ending Balance
0.00
Free Equity Amount
  
Note Trust Principal Balance
7,779,071,563.23
Aggregate Collateral Amount for all Series of Notes
7,000,000,000.00
Free Equity Amount
779,071,563.23
   
Minimum Free Equity Percentage
0.00%
Outstanding Principal Balance
7,000,000,000.00
Total Overconcentration
0.00
Minimum Free Equity Amount
0.00
Excess Funding Account (Trust Level Account)
  
Beginning Balance
0.00
Deposits
0.00
Disbursements
0.00
Ending Balance
0.00
 
Page 5 of 8
 
GE Dealer Floorplan Master Note Trust
2006-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2011
    
Final Maturity Date:
4/22/2013
    
 
Summary of Allocation of Collections
        
         
Total Principal Collections
    
2,042,938,938.04
  
         
Principal Collections Allocated to Series 2005-2
    
0.00
  
Principal Collections Allocated to Series 2006-1
    
395,456,363.89
  
Principal Collections Allocated to Series 2006-2
    
131,818,787.96
  
Principal Collections Allocated to Series 2006-3
    
263,637,575.93
  
Principal Collections Allocated to Series 2006-4
    
329,546,969.91
  
Principal Collections Allocated to Series 2007-1
    
263,637,575.93
  
Principal Collections Allocated to Series 2007-2
    
263,637,575.93
  
Principal Collections Allocated to Series 2008-A
    
197,728,181.95
  
Principal Collections Not Allocated to Any Series and Released to Transferor
    
197,475,906.54
  
         
Total Non Principal Collections
    
52,300,847.27
  
Non Principal Collections Allocated to Series 2005-2
    
0.00
  
Non Principal Collections Allocated to Series 2006-1
    
10,123,994.66
  
Non Principal Collections Allocated to Series 2006-2
    
3,374,664.89
  
Non Principal Collections Allocated to Series 2006-3
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2006-4
    
8,436,662.21
  
Non Principal Collections Allocated to Series 2007-1
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2007-2
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2008-A
    
5,061,997.33
  
         
Non Principal Collections Not Allocated to Any Series and Released to Transferor
    
5,055,538.87
  
 
Page 6 of 8
 
GE Dealer Floorplan Master Note Trust
2006-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2011
    
Final Maturity Date:
4/22/2013
    

Performance
    
   
(1) Are there any material modifications, extensions, or waivers to pool assets?
No
(2) Are there any material breaches of pool of assets representations and warranties or covenants?
No
(3) Are there any changes in criteria used to originate, acquire, or select new pool assets?
No
(4) Has the master servicer made any Servicer Advances during the previous collection period?
No
(5) Has an early amortization event occurred?
  
No
(6) Have any Payment Rate Triggers been met?
  
No
Average Monthly Payment Rates < 25%
    
Current Monthly Payment Rate
26.36%
  
Prior Monthly Payment Rate
26.71%
  
Second Prior Monthly Payment Rate
27.68%
  
3 Month Average Monthly Payment Rate
26.92%
  
     
(7) Reserve Account balance < Reserve Account trigger
  
No
Reserve Account balance
12,500,000.00
  
(A) Required Reserve Account Percentage minus 0.25%
2.25
  
times (B) Note Principal Balance
500,000,000.00
  
Reserve Account trigger
11,250,000.00
  
   
(8) The sum of all investments held in trust accounts of the Issuer > 50% of the assets of the Issuer
No
     
Current Month
2.24%
  
Prior Month
2.55%
  
Second Prior Month
2.53%
  
Third Prior Month
2.46%
  
Fourth Prior Month
2.12%
  
Fifth Prior Month
2.02%
  
   
(9) Have any new series been issued during the related monthly collection period?
No
   
(10) Have any account additions or account removals occurred during the related monthly collection period?
Yes
Number of accounts added / (removed)         1
  

Page 7 of 8
 
GE Dealer Floorplan Master Note Trust
2006-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
06/30/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2011
    
Final Maturity Date:
4/22/2013
    

Delinquency
          
           
Days Outstanding
  
Amount
(Dollars in Millions)
  
Percentage of Total
Receivables Outstanding
  
31 - 60
  
11.0
  
0.14%
  
61 - 90
  
7.5
  
0.10%
  
91 - 120
  
6.7
  
0.09%
  
121 - 150
  
3.0
  
0.04%
  
151 - 180
  
1.2
  
0.02%
  
*Total
  
29.3
  
0.38%
  

*Figures may not foot due to rounding

Page 8 of 8
 
 EX-99.3 4 v129542_ex99-3.htm Unassociated Document

GE Dealer Floorplan Master Note Trust
2006-3
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
08/10/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2009
    
Final Maturity Date:
7/20/2011
    

Note Payment Detail

Class
CUSIP
Interest Rate
Original Face
Value
Beginning
Class Balance
Principal
Payment
Amount
Interest
Payment
Amount
Total
Ending
Class Balance
A
36159LAU0
3.19750%
955,000,000.00
955,000,000.00
0.00
2,375,031.94
2,375,031.94
955,000,000.00
B
36159LAV8
3.35750%
35,000,000.00
35,000,000.00
0.00
91,398.61
91,398.61
35,000,000.00
C
36159LAW6
3.53750%
10,000,000.00
10,000,000.00
0.00
27,513.89
27,513.89
10,000,000.00
TOTALS
    
1,000,000,000.00
1,000,000,000.00
0.00
2,493,944.44
2,493,944.44
1,000,000,000.00

Beginning of Month Balance
          
7,749,043,097.67
New Volume
          
2,080,380,322.42
Principal Collections
          
2,042,938,938.04
Defaulted Amount
          
7,412,918.82
End of Month Balance
          
7,779,071,563.23
             
Annualized Yield
          
8.06%
             
Overconcentrations
            
Are there any Dealer Overconcentrations?
  
No
        
0.00
            
Are there any Manufacturer Overconcentrations?
  
No
        
0.00
            
Are there any Product Line Overconcentrations?
  
No
        
0.00
            
Collections
  
Total
  
Overconcentration
    
Principal Collections
  
2,042,938,938.04
  
0.00
  
2,042,938,938.04
Non Principal Collections
  
52,300,847.27
  
0.00
  
52,300,847.27
Total Collections
  
2,095,239,785.31
  
0.00
  
2,095,239,785.31
Defaults
            
Default Amount
  
7,412,918.82
  
0.00
  
7,412,918.82
Series Allocation Percentage
          
12.90%
Investor Default Amount
          
956,623.77
Charge-offs
            
Investor Charge-offs
          
0.00
 
Page 1 of 8

GE Dealer Floorplan Master Note Trust
2006-3
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
08/10/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2009
    
Final Maturity Date:
7/20/2011
    
 
Allocation of Available Non Principal Collections    
 
Series Allocation Percentage
12.90%
  
 
Available Non Principal Collections Allocated to Series
  
6,749,329.77
Application of Available Non Principal Collections and Available Principal Collections    
(a)
Available Non Principal Collections Allocated to Series
  
6,749,329.77
 
(i)
(A)
Amount to Indenture Trustee
  
0.00
   
(B)
Amount to Trustee
  
0.00
   
(C)
Amount to Administrator
  
71.43
   
(D)
Amount to Custodian
  
0.00
 
(ii)
Noteholder Servicing Fee
  
1,666,666.67
   
Unpaid Servicer Advances and interest thereon
  
0.00
 
(iii)
Class A Monthly Interest
  
2,375,031.94
 
(iv)
Class B Monthly Interest
  
91,398.61
 
(v)
Class C Monthly Interest
  
27,513.89
 
(vi)
Investor Default Amount (treated as Available Principal Collections)
  
956,623.77
 
(vii)
Investor Charge-offs
0.00
  
   
Reimbursement of Investor Charge-offs
0.00
  
   
Unreimbursed Investor Charge-offs
0.00
  
   
Reallocation Principal Collections
0.00
  
   
Reimbursement of Reallocated Principal Collections
0.00
  
   
Unreimbursed Reallocated Principal Collections
0.00
  
   
Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections
  
0.00
 
(viii)
Amount Required to be Deposited to the Reserve Account
  
0.00
 
(ix)
Remaining Amounts due to:
    
   
Indenture Trustee
  
0.00
   
Trustee
  
0.00
   
Administrator
  
0.00
   
Custodian
  
0.00
 
(x)
Amounts otherwise required to be Deposited to Principal Account
  
0.00


Page 2 of 8

GE Dealer Floorplan Master Note Trust
2006-3
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
08/10/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2009
    
Final Maturity Date:
7/20/2011
    
 
Excess Non Principal Collections for Series 2005-2
    
0.00
  
Excess Non Principal Collections for Series 2006-1
    
2,447,837.57
  
Excess Non Principal Collections for Series 2006-2
    
792,428.80
  
Excess Non Principal Collections for Series 2006-3
    
1,632,023.46
  
Excess Non Principal Collections for Series 2006-4
    
2,041,748.57
  
Excess Non Principal Collections for Series 2007-1
    
1,609,467.90
  
Excess Non Principal Collections for Series 2007-2
    
1,626,812.34
  
Excess Non Principal Collections for Series 2008-A
    
431,541.40
  
         
Total Excess Non Principal Collections
    
10,581,860.04
  
         
Non Principal Shortfalls for Series 2005-2
    
0.00
  
Non Principal Shortfalls for Series 2006-1
    
0.00
  
Non Principal Shortfalls for Series 2006-2
    
0.00
  
Non Principal Shortfalls for Series 2006-3
    
0.00
  
Non Principal Shortfalls for Series 2006-4
    
0.00
  
Non Principal Shortfalls for Series 2007-1
    
0.00
  
Non Principal Shortfalls for Series 2007-2
    
0.00
  
Non Principal Shortfalls for Series 2008-A
    
0.00
  
         
Total Non Principal Shortfalls
    
0.00
  
         
         
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2005-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-1
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-3
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-4
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2007-1
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2007-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2008-A
    
0.00
  
Total Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls
    
0.00
  
         
Released to Transferor
    
10,581,860.04
  
 
Page 3 of 8

GE Dealer Floorplan Master Note Trust
2006-3
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
08/10/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2009
    
Final Maturity Date:
7/20/2011
    
 
(b)
Revolving Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(x) of Indenture Supplement
263,637,575.93
 
Available Principal Collections Treated as Shared Principal Collections Applied According to Section 8.5 of Indenture
264,594,199.70
     
(c)
Controlled Accumulation Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(y) of Indenture Supplement
0.00
 
Available Principal Collections Treated as Shared Principal Collections
0.00
 
(i)
Monthly Principal Deposited into the Principal Account
0.00
 
(ii)
Monthly Principal Deposited to Distribution Account and paid to:
  
   
Class A
0.00
   
Class B
0.00
   
Class C
0.00
 
(iii)
Amounts Remaining as Shared Principal Collections Applied According to Section 8.5 of Indenture
0.00
     
 
Early Amortization Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(z) of Indenture Supplement
0.00
 
(i)
Monthly Principal Deposited into the Principal Account
0.00
 
(ii)
Monthly Principal Deposited to Distribution Account and paid to:
  
   
Class A
0.00
   
Class B
0.00
   
Class C
0.00
 
(iii)
Amounts Remaining as Shared Principal Collections Applied According to Section 8.5 of Indenture
0.00
   
Shared Principal Collections for Principal Sharing Series
  
Aggregate Shared Principal Collections for Principal Sharing Series
1,852,159,397.88
Aggregate Principal Shortfall for Principal Sharing Series
0.00
   
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2005-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-1
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-3
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-4
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2007-1
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2007-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2008-A
0.00
   
Amount Deposited into the Excess Funding Account
0.00
Released to Transferor
1,852,159,397.88
 
Page 4 of 8

GE Dealer Floorplan Master Note Trust
2006-3
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
08/10/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2009
    
Final Maturity Date:
7/20/2011
    
 
Reserve Account (Series Level Account)
  
Beginning Reserve Account Amount
25,000,000.00
Required Reserve Account Amount
  
Required Reserve Account Percentage
2.50%
Note Principal Balance
1,000,000,000.00
Required Reserve Account Amount
25,000,000.00
   
Reserve Account Deficiency
0.00
Reserve Account Deposits
50,268.72
Reserve Account Withdrawals
50,268.72
Ending Reserve Account Amount
25,000,000.00
Non Principal Account (Series Level Account)
  
Beginning Balance
0.00
Deposits
2,493,944.44
Disbursements
2,493,944.44
Ending Balance
0.00
Principal Account (Series Level Account)
  
Beginning Balance
0.00
Deposits
0.00
Disbursements
0.00
Ending Balance
0.00
Free Equity Amount
  
Note Trust Principal Balance
7,779,071,563.23
Aggregate Collateral Amount for all Series of Notes
7,000,000,000.00
Free Equity Amount
779,071,563.23
   
Minimum Free Equity Percentage
0.00%
Outstanding Principal Balance
7,000,000,000.00
Total Overconcentration
0.00
Minimum Free Equity Amount
0.00
Excess Funding Account (Trust Level Account)
  
Beginning Balance
0.00
Deposits
0.00
Disbursements
0.00
Ending Balance
0.00

Page 5 of 8

GE Dealer Floorplan Master Note Trust
2006-3
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
08/10/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2009
    
Final Maturity Date:
7/20/2011
    
 
Summary of Allocation of Collections
        
         
Total Principal Collections
    
2,042,938,938.04
  
         
Principal Collections Allocated to Series 2005-2
    
0.00
  
Principal Collections Allocated to Series 2006-1
    
395,456,363.89
  
Principal Collections Allocated to Series 2006-2
    
131,818,787.96
  
Principal Collections Allocated to Series 2006-3
    
263,637,575.93
  
Principal Collections Allocated to Series 2006-4
    
329,546,969.91
  
Principal Collections Allocated to Series 2007-1
    
263,637,575.93
  
Principal Collections Allocated to Series 2007-2
    
263,637,575.93
  
Principal Collections Allocated to Series 2008-A
    
197,728,181.95
  
Principal Collections Not Allocated to Any Series and Released to Transferor
    
197,475,906.54
  
         
Total Non Principal Collections
    
52,300,847.27
  
         
Non Principal Collections Allocated to Series 2005-2
    
0.00
  
Non Principal Collections Allocated to Series 2006-1
    
10,123,994.66
  
Non Principal Collections Allocated to Series 2006-2
    
3,374,664.89
  
Non Principal Collections Allocated to Series 2006-3
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2006-4
    
8,436,662.21
  
Non Principal Collections Allocated to Series 2007-1
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2007-2
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2008-A
    
5,061,997.33
  
         
Non Principal Collections Not Allocated to Any Series and Released to Transferor
    
5,055,538.87
  
 
Page 6 of 8

GE Dealer Floorplan Master Note Trust
2006-3
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
08/10/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2009
    
Final Maturity Date:
7/20/2011
    
 
Performance
  
   
(1) Are there any material modifications, extensions, or waivers to pool assets?
No
(2) Are there any material breaches of pool of assets representations and warranties or covenants?
No
(3) Are there any changes in criteria used to originate, acquire, or select new pool assets?
No
(4) Has the master servicer made any Servicer Advances during the previous collection period?
No
(5) Has an early amortization event occurred?
  
No
(6) Have any Payment Rate Triggers been met?
  
No
Average Monthly Payment Rates < 25%
    
Current Monthly Payment Rate
26.36%
  
Prior Monthly Payment Rate
26.71%
  
Second Prior Monthly Payment Rate
27.68%
  
3 Month Average Monthly Payment Rate
26.92%
  
(7) Reserve Account balance < Reserve Account trigger
  
No
Reserve Account balance
25,000,000.00
  
(A) Required Reserve Account Percentage minus 0.25%
2.25
  
times (B) Note Principal Balance
1,000,000,000.00
  
Reserve Account trigger
22,500,000.00
  
   
(8) The sum of all investments held in trust accounts of the Issuer > 50% of the assets of the Issuer
No
Current Month
2.24%
  
Prior Month
2.55%
  
Second Prior Month
2.53%
  
Third Prior Month
2.46%
  
Fourth Prior Month
2.12%
  
Fifth Prior Month
2.02%
  
   
(9) Have any new series been issued during the related monthly collection period?
No
   
(10) Have any account additions or account removals occurred during the related monthly collection period?
Yes
Number of accounts added / (removed)      1
  
 
Page 7 of 8

GE Dealer Floorplan Master Note Trust
2006-3
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
08/10/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2009
    
Final Maturity Date:
7/20/2011
    
 
Delinquency
          
           
Days Outstanding
  
Amount
(Dollars in Millions)
  
Percentage of Total
Receivables Outstanding
  
31 - 60
  
11.0
  
0.14%
  
61 - 90
  
7.5
  
0.10%
  
91 - 120
  
6.7
  
0.09%
  
121 - 150
  
3.0
  
0.04%
  
151 - 180
  
1.2
  
0.02%
  
*Total
  
29.3
  
0.38%
  

*Figures may not foot due to rounding

Page 8 of 8
 
 EX-99.4 5 v129542_ex99-4.htm Unassociated Document
GE Dealer Floorplan Master Note Trust
2006-4
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
11/9/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
10/20/2009
    
Final Maturity Date:
10/20/2011
    

Note Payment Detail

Class
CUSIP
Interest Rate
Original Face
Value
Beginning
Class Balance
Principal
Payment
Amount
Interest
Payment
Amount
Total
Ending
Class Balance
A
36159LAX4
3.19750%
1,193,750,000.00
1,193,750,000.00
0.00
2,968,789.93
2,968,789.93
1,193,750,000.00
B
36159LAY2
3.30750%
43,750,000.00
43,750,000.00
0.00
112,546.88
112,546.88
43,750,000.00
C
36159LAZ9
3.53750%
12,500,000.00
12,500,000.00
0.00
34,392.36
34,392.36
12,500,000.00
TOTALS
    
1,250,000,000.00
1,250,000,000.00
0.00
3,115,729.17
3,115,729.17
1,250,000,000.00

Beginning of Month Balance
          
7,749,043,097.67
New Volume
          
2,080,380,322.42
Principal Collections
          
2,042,938,938.04
Defaulted Amount
          
7,412,918.82
End of Month Balance
          
7,779,071,563.23
             
Annualized Yield
          
8.06%
Overconcentrations
            
Are there any Dealer Overconcentrations?
  
No
        
0.00
            
Are there any Manufacturer Overconcentrations?
  
No
        
0.00
            
Are there any Product Line Overconcentrations?
  
No
        
0.00
            
Collections
  
Total
  
Overconcentration
    
Principal Collections
  
2,042,938,938.04
  
0.00
  
2,042,938,938.04
Non Principal Collections
  
52,300,847.27
  
0.00
  
52,300,847.27
Total Collections
  
2,095,239,785.31
  
0.00
  
2,095,239,785.31
Defaults
            
Default Amount
  
7,412,918.82
  
0.00
  
7,412,918.82
Series Allocation Percentage
          
16.13%
Investor Default Amount
          
1,195,779.71
Charge-offs
            
Investor Charge-offs
          
0.00
 
Page 1 of 8

GE Dealer Floorplan Master Note Trust
2006-4
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
11/9/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
10/20/2009
    
Final Maturity Date:
10/20/2011
    
 
Allocation of Available Non Principal Collections    
 
Series Allocation Percentage
16.13%
  
 
Available Non Principal Collections Allocated to Series
  
8,436,662.21
Application of Available Non Principal Collections and Available Principal Collections    
       
(a)
Available Non Principal Collections Allocated to Series
  
8,436,662.21
 
(i)
(A)
Amount to Indenture Trustee
  
0.00
   
(B)
Amount to Trustee
  
0.00
   
(C)
Amount to Administrator
  
71.43
   
(D)
Amount to Custodian
  
0.00
 
(ii)
Noteholder Servicing Fee
  
2,083,333.33
   
Unpaid Servicer Advances and interest thereon
  
0.00
 
(iii)
Class A Monthly Interest
  
2,968,789.93
 
(iv)
Class B Monthly Interest
  
112,546.88
 
(v)
Class C Monthly Interest
  
34,392.36
         
 
(vi)
Investor Default Amount (treated as Available Principal Collections)
  
1,195,779.71
         
 
(vii)
Investor Charge-offs
0.00
  
   
Reimbursement of Investor Charge-offs
0.00
  
   
Unreimbursed Investor Charge-offs
0.00
  
   
Reallocation Principal Collections
0.00
  
   
Reimbursement of Reallocated Principal Collections
0.00
  
   
Unreimbursed Reallocated Principal Collections
0.00
  
   
Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections
  
0.00
         
 
(viii)
Amount Required to be Deposited to the Reserve Account
  
0.00
         
 
(ix)
Remaining Amounts due to:
    
   
Indenture Trustee
  
0.00
   
Trustee
  
0.00
   
Administrator
  
0.00
   
Custodian
  
0.00
         
 
(x)
Amounts otherwise required to be Deposited to Principal Account
  
0.00
 
Page 2 of 8

GE Dealer Floorplan Master Note Trust
2006-4
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
11/9/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
10/20/2009
    
Final Maturity Date:
10/20/2011
    
 
Excess Non Principal Collections for Series 2005-2
    
0.00
  
Excess Non Principal Collections for Series 2006-1
    
2,447,837.57
  
Excess Non Principal Collections for Series 2006-2
    
792,428.80
  
Excess Non Principal Collections for Series 2006-3
    
1,632,023.46
  
Excess Non Principal Collections for Series 2006-4
    
2,041,748.57
  
Excess Non Principal Collections for Series 2007-1
    
1,609,467.90
  
Excess Non Principal Collections for Series 2007-2
    
1,626,812.34
  
Excess Non Principal Collections for Series 2008-A
    
431,541.40
  
         
Total Excess Non Principal Collections
    
10,581,860.04
  
         
Non Principal Shortfalls for Series 2005-2
    
0.00
  
Non Principal Shortfalls for Series 2006-1
    
0.00
  
Non Principal Shortfalls for Series 2006-2
    
0.00
  
Non Principal Shortfalls for Series 2006-3
    
0.00
  
Non Principal Shortfalls for Series 2006-4
    
0.00
  
Non Principal Shortfalls for Series 2007-1
    
0.00
  
Non Principal Shortfalls for Series 2007-2
    
0.00
  
Non Principal Shortfalls for Series 2008-A
    
0.00
  
         
Total Non Principal Shortfalls
    
0.00
  
         
         
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2005-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-1
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-3
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-4
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2007-1
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2007-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2008-A
    
0.00
  
Total Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls
    
0.00
  
         
Released to Transferor
    
10,581,860.04
  
 
Page 3 of 8

GE Dealer Floorplan Master Note Trust
2006-4
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
11/9/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
10/20/2009
    
Final Maturity Date:
10/20/2011
    
 
(b)
Revolving Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(x) of Indenture Supplement
329,546,969.91
 
Available Principal Collections Treated as Shared Principal Collections Applied According to Section 8.5 of Indenture
330,742,749.62
     
(c)
Controlled Accumulation Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(y) of Indenture Supplement
0.00
 
Available Principal Collections Treated as Shared Principal Collections
0.00
 
(i)
Monthly Principal Deposited into the Principal Account
0.00
 
(ii)
Monthly Principal Deposited to Distribution Account and paid to:
  
   
Class A
0.00
   
Class B
0.00
   
Class C
0.00
 
(iii)
Amounts Remaining as Shared Principal Collections Applied According to Section 8.5 of Indenture
0.00
     
 
Early Amortization Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(z) of Indenture Supplement
0.00
 
(i)
Monthly Principal Deposited into the Principal Account
0.00
 
(ii)
Monthly Principal Deposited to Distribution Account and paid to:
  
   
Class A
0.00
   
Class B
0.00
   
Class C
0.00
 
(iii)
Amounts Remaining as Shared Principal Collections Applied According to Section 8.5 of Indenture
0.00
   
Shared Principal Collections for Principal Sharing Series
  
Aggregate Shared Principal Collections for Principal Sharing Series
1,852,159,397.88
Aggregate Principal Shortfall for Principal Sharing Series
0.00
   
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2005-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-1
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-3
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-4
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2007-1
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2007-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2008-A
0.00
   
Amount Deposited into the Excess Funding Account
0.00
Released to Transferor
1,852,159,397.88


Page 4 of 8

GE Dealer Floorplan Master Note Trust
2006-4
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
11/9/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
10/20/2009
    
Final Maturity Date:
10/20/2011
    
 
Reserve Account (Series Level Account)
  
Beginning Reserve Account Amount
31,250,000.00
Required Reserve Account Amount
  
Required Reserve Account Percentage
2.50%
Note Principal Balance
1,250,000,000.00
Required Reserve Account Amount
31,250,000.00
   
Reserve Account Deficiency
0.00
Reserve Account Deposits
62,835.39
Reserve Account Withdrawals
62,835.39
Ending Reserve Account Amount
31,250,000.00
Non Principal Account (Series Level Account)
  
Beginning Balance
0.00
Deposits
3,115,729.17
Disbursements
3,115,729.17
Ending Balance
0.00
Principal Account (Series Level Account)
  
Beginning Balance
0.00
Deposits
0.00
Disbursements
0.00
Ending Balance
0.00
Free Equity Amount
  
Note Trust Principal Balance
7,779,071,563.23
Aggregate Collateral Amount for all Series of Notes
7,000,000,000.00
Free Equity Amount
779,071,563.23
   
Minimum Free Equity Percentage
0.00%
Outstanding Principal Balance
7,000,000,000.00
Total Overconcentration
0.00
Minimum Free Equity Amount
0.00
Excess Funding Account (Trust Level Account)
  
Beginning Balance
0.00
Deposits
0.00
Disbursements
0.00
Ending Balance
0.00
 
Page 5 of 8

GE Dealer Floorplan Master Note Trust
2006-4
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
11/9/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
10/20/2009
    
Final Maturity Date:
10/20/2011
    
 
Summary of Allocation of Collections
        
         
Total Principal Collections
    
2,042,938,938.04
  
         
Principal Collections Allocated to Series 2005-2
    
0.00
  
Principal Collections Allocated to Series 2006-1
    
395,456,363.89
  
Principal Collections Allocated to Series 2006-2
    
131,818,787.96
  
Principal Collections Allocated to Series 2006-3
    
263,637,575.93
  
Principal Collections Allocated to Series 2006-4
    
329,546,969.91
  
Principal Collections Allocated to Series 2007-1
    
263,637,575.93
  
Principal Collections Allocated to Series 2007-2
    
263,637,575.93
  
Principal Collections Allocated to Series 2008-A
    
197,728,181.95
  
Principal Collections Not Allocated to Any Series and Released to Transferor
    
197,475,906.54
  
         
Total Non Principal Collections
    
52,300,847.27
  
         
Non Principal Collections Allocated to Series 2005-2
    
0.00
  
Non Principal Collections Allocated to Series 2006-1
    
10,123,994.66
  
Non Principal Collections Allocated to Series 2006-2
    
3,374,664.89
  
Non Principal Collections Allocated to Series 2006-3
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2006-4
    
8,436,662.21
  
Non Principal Collections Allocated to Series 2007-1
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2007-2
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2008-A
    
5,061,997.33
  
         
Non Principal Collections Not Allocated to Any Series and Released to Transferor
    
5,055,538.87
  


Page 6 of 8

GE Dealer Floorplan Master Note Trust
2006-4
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
11/9/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
10/20/2009
    
Final Maturity Date:
10/20/2011
    



Performance
  
   
(1) Are there any material modifications, extensions, or waivers to pool assets?
No
(2) Are there any material breaches of pool of assets representations and warranties or covenants?
No
(3) Are there any changes in criteria used to originate, acquire, or select new pool assets?
No
(4) Has the master servicer made any Servicer Advances during the previous collection period?
No
(5) Has an early amortization event occurred?
  
No
(6) Have any Payment Rate Triggers been met?
  
No
Average Monthly Payment Rates < 25%
    
Current Monthly Payment Rate
26.36%
  
Prior Monthly Payment Rate
26.71%
  
Second Prior Monthly Payment Rate
27.68%
  
3 Month Average Monthly Payment Rate
26.92%
  
(7) Reserve Account balance < Reserve Account trigger
  
No
Reserve Account balance
31,250,000.00
  
(A) Required Reserve Account Percentage minus 0.25%
2.25
  
times (B) Note Principal Balance
1,250,000,000.00
  
Reserve Account trigger
28,125,000.00
  
   
(8) The sum of all investments held in trust accounts of the Issuer > 50% of the assets of the Issuer
No
Current Month
2.24%
  
Prior Month
2.55%
  
Second Prior Month
2.53%
  
Third Prior Month
2.46%
  
Fourth Prior Month
2.12%
  
Fifth Prior Month
2.02%
  
   
(9) Have any new series been issued during the related monthly collection period?
No
   
(10) Have any account additions or account removals occurred during the related monthly collection period?
Yes
Number of accounts added / (removed)              1
  

Page 7 of 8
 
GE Dealer Floorplan Master Note Trust
2006-4
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
11/9/2006
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
10/20/2009
    
Final Maturity Date:
10/20/2011
    

 
Delinquency
          
           
Days Outstanding
  
Amount
(Dollars in Millions)
  
Percentage of Total
Receivables Outstanding
  
31 - 60
  
11.0
  
0.14%
  
61 - 90
  
7.5
  
0.10%
  
91 - 120
  
6.7
  
0.09%
  
121 - 150
  
3.0
  
0.04%
  
151 - 180
  
1.2
  
0.02%
  
*Total
  
29.3
  
0.38%
  

*Figures may not foot due to rounding

Page 8 of 8

 EX-99.5 6 v129542_ex99-5.htm Unassociated Document
GE Dealer Floorplan Master Note Trust
2007-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
4/26/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2012
    
Final Maturity Date:
4/21/2014
    

Note Payment Detail

Class
CUSIP
Interest Rate
Original Face
Value
Beginning
Class Balance
Principal
Payment
Amount
Interest
Payment
Amount
Total
Ending
Class Balance
A
36159LBA3
3.22750%
962,500,000.00
962,500,000.00
0.00
2,416,142.36
2,416,142.36
962,500,000.00
B
36159LBB1
3.38750%
27,500,000.00
27,500,000.00
0.00
72,454.86
72,454.86
27,500,000.00
C
36159LBC9
3.58750%
10,000,000.00
10,000,000.00
0.00
27,902.78
27,902.78
10,000,000.00
TOTALS
    
1,000,000,000.00
1,000,000,000.00
0.00
2,516,500.00
2,516,500.00
1,000,000,000.00

Beginning of Month Balance
          
7,749,043,097.67
New Volume
          
2,080,380,322.42
Principal Collections
          
2,042,938,938.04
Defaulted Amount
          
7,412,918.82
End of Month Balance
          
7,779,071,563.23
             
Annualized Yield
          
8.06%
Overconcentrations
            
Are there any Dealer Overconcentrations?
  
No
        
0.00
            
Are there any Manufacturer Overconcentrations?
  
No
        
0.00
            
Are there any Product Line Overconcentrations?
  
No
        
0.00
            
Collections
  
Total
  
Overconcentration
    
Principal Collections
  
2,042,938,938.04
  
0.00
  
2,042,938,938.04
Non Principal Collections
  
52,300,847.27
  
0.00
  
52,300,847.27
Total Collections
  
2,095,239,785.31
  
0.00
  
2,095,239,785.31
Defaults
            
Default Amount
  
7,412,918.82
  
0.00
  
7,412,918.82
Series Allocation Percentage
          
12.90%
Investor Default Amount
          
956,623.77
Charge-offs
            
Investor Charge-offs
          
0.00
 
Page 1 of 8

GE Dealer Floorplan Master Note Trust
2007-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
4/26/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2012
    
Final Maturity Date:
4/21/2014
    
 
Allocation of Available Non Principal Collections    
 
Series Allocation Percentage
12.90%
  
 
Available Non Principal Collections Allocated to Series
  
6,749,329.77
Application of Available Non Principal Collections and Available Principal Collections    
       
(a)
Available Non Principal Collections Allocated to Series
  
6,749,329.77
 
(i)
(A)
Amount to Indenture Trustee
  
0.00
   
(B)
Amount to Trustee
  
0.00
   
(C)
Amount to Administrator
  
71.43
   
(D)
Amount to Custodian
  
0.00
         
 
(ii)
Noteholder Servicing Fee
  
1,666,666.67
   
Unpaid Servicer Advances and interest thereon
  
0.00
 
(iii)
Class A Monthly Interest
  
2,416,142.36
 
(iv)
Class B Monthly Interest
  
72,454.86
 
(v)
Class C Monthly Interest
  
27,902.78
         
 
(vi)
Investor Default Amount (treated as Available Principal Collections)
  
956,623.77
         
 
(vii)
Investor Charge-offs
0.00
  
   
Reimbursement of Investor Charge-offs
0.00
  
   
Unreimbursed Investor Charge-offs
0.00
  
   
Reallocation Principal Collections
0.00
  
   
Reimbursement of Reallocated Principal Collections
0.00
  
   
Unreimbursed Reallocated Principal Collections
0.00
  
   
Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections
  
0.00
         
 
(viii)
Amount Required to be Deposited to the Reserve Account
  
0.00
         
 
(ix)
Remaining Amounts due to:
    
   
Indenture Trustee
  
0.00
   
Trustee
  
0.00
   
Administrator
  
0.00
   
Custodian
  
0.00
         
 
(x)
Amounts otherwise required to be Deposited to Principal Account
  
0.00
 
Page 2 of 8

GE Dealer Floorplan Master Note Trust
2007-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
4/26/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2012
    
Final Maturity Date:
4/21/2014
    
 
Excess Non Principal Collections for Series 2005-2
    
0.00
  
Excess Non Principal Collections for Series 2006-1
    
2,447,837.57
  
Excess Non Principal Collections for Series 2006-2
    
792,428.80
  
Excess Non Principal Collections for Series 2006-3
    
1,632,023.46
  
Excess Non Principal Collections for Series 2006-4
    
2,041,748.57
  
Excess Non Principal Collections for Series 2007-1
    
1,609,467.90
  
Excess Non Principal Collections for Series 2007-2
    
1,626,812.34
  
Excess Non Principal Collections for Series 2008-A
    
431,541.40
  
         
Total Excess Non Principal Collections
    
10,581,860.04
  
         
Non Principal Shortfalls for Series 2005-2
    
0.00
  
Non Principal Shortfalls for Series 2006-1
    
0.00
  
Non Principal Shortfalls for Series 2006-2
    
0.00
  
Non Principal Shortfalls for Series 2006-3
    
0.00
  
Non Principal Shortfalls for Series 2006-4
    
0.00
  
Non Principal Shortfalls for Series 2007-1
    
0.00
  
Non Principal Shortfalls for Series 2007-2
    
0.00
  
Non Principal Shortfalls for Series 2008-A
    
0.00
  
         
Total Non Principal Shortfalls
    
0.00
  
         
         
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2005-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-1
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-3
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-4
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2007-1
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2007-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2008-A
    
0.00
  
Total Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls
    
0.00
  
         
Released to Transferor
    
10,581,860.04
  
 
Page 3 of 8

GE Dealer Floorplan Master Note Trust
2007-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
4/26/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2012
    
Final Maturity Date:
4/21/2014
    
 
(b)
Revolving Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(x) of Indenture Supplement
263,637,575.93
 
Available Principal Collections Treated as Shared Principal Collections Applied According to Section 8.5 of Indenture
264,594,199.70
     
(c)
Controlled Accumulation Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(y) of Indenture Supplement
0.00
 
Available Principal Collections Treated as Shared Principal Collections
0.00
 
(i)
Monthly Principal Deposited into the Principal Account
0.00
 
(ii)
Monthly Principal Deposited to Distribution Account and paid to:
  
   
Class A
0.00
   
Class B
0.00
   
Class C
0.00
 
(iii)
Amounts Remaining as Shared Principal Collections Applied According to Section 8.5 of Indenture
0.00
     
 
Early Amortization Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(z) of Indenture Supplement
0.00
 
(i)
Monthly Principal Deposited into the Principal Account
0.00
 
(ii)
Monthly Principal Deposited to Distribution Account and paid to:
  
   
Class A
0.00
   
Class B
0.00
   
Class C
0.00
 
(iii)
Amounts Remaining as Shared Principal Collections Applied According to Section 8.5 of Indenture
0.00
   
Shared Principal Collections for Principal Sharing Series
  
Aggregate Shared Principal Collections for Principal Sharing Series
1,852,159,397.88
Aggregate Principal Shortfall for Principal Sharing Series
0.00
   
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2005-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-1
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-3
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-4
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2007-1
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2007-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2008-A
0.00
   
Amount Deposited into the Excess Funding Account
0.00
Released to Transferor
1,852,159,397.88
 
Page 4 of 8

GE Dealer Floorplan Master Note Trust
2007-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
4/26/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2012
    
Final Maturity Date:
4/21/2014
    
 
Reserve Account (Series Level Account)
 
Beginning Reserve Account Amount
25,000,000.00
Required Reserve Account Amount
  
Required Reserve Account Percentage
2.50%
Note Principal Balance
1,000,000,000.00
Required Reserve Account Amount
25,000,000.00
Reserve Account Deficiency
0.00
Reserve Account Deposits
50,274.59
Reserve Account Withdrawals
50,274.59
Ending Reserve Account Amount
25,000,000.00
Non Principal Account (Series Level Account)
  
Beginning Balance
0.00
Deposits
2,516,500.00
Disbursements
2,516,500.00
Ending Balance
0.00
Principal Account (Series Level Account)
  
Beginning Balance
0.00
Deposits
0.00
Disbursements
0.00
Ending Balance
0.00
Free Equity Amount
  
Note Trust Principal Balance
7,779,071,563.23
Aggregate Collateral Amount for all Series of Notes
7,000,000,000.00
Free Equity Amount
779,071,563.23
Minimum Free Equity Percentage
0.00%
Outstanding Principal Balance
7,000,000,000.00
Total Overconcentration
0.00
Minimum Free Equity Amount
0.00
Excess Funding Account (Trust Level Account)
  
Beginning Balance
0.00
Deposits
0.00
Disbursements
0.00
Ending Balance
0.00
 
Page 5 of 8

GE Dealer Floorplan Master Note Trust
2007-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
4/26/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2012
    
Final Maturity Date:
4/21/2014
    
 
Summary of Allocation of Collections
        
         
Total Principal Collections
    
2,042,938,938.04
  
         
Principal Collections Allocated to Series 2005-2
    
0.00
  
Principal Collections Allocated to Series 2006-1
    
395,456,363.89
  
Principal Collections Allocated to Series 2006-2
    
131,818,787.96
  
Principal Collections Allocated to Series 2006-3
    
263,637,575.93
  
Principal Collections Allocated to Series 2006-4
    
329,546,969.91
  
Principal Collections Allocated to Series 2007-1
    
263,637,575.93
  
Principal Collections Allocated to Series 2007-2
    
263,637,575.93
  
Principal Collections Allocated to Series 2008-A
    
197,728,181.95
  
Principal Collections Not Allocated to Any Series and Released to Transferor
    
197,475,906.54
  
         
Total Non Principal Collections
    
52,300,847.27
  
         
Non Principal Collections Allocated to Series 2005-2
    
0.00
  
Non Principal Collections Allocated to Series 2006-1
    
10,123,994.66
  
Non Principal Collections Allocated to Series 2006-2
    
3,374,664.89
  
Non Principal Collections Allocated to Series 2006-3
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2006-4
    
8,436,662.21
  
Non Principal Collections Allocated to Series 2007-1
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2007-2
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2008-A
    
5,061,997.33
  
         
Non Principal Collections Not Allocated to Any Series and Released to Transferor
    
5,055,538.87
  
 
Page 6 of 8

GE Dealer Floorplan Master Note Trust
2007-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
4/26/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2012
    
Final Maturity Date:
4/21/2014
    
 
Performance
  
   
(1) Are there any material modifications, extensions, or waivers to pool assets?
No
(2) Are there any material breaches of pool of assets representations and warranties or covenants?
No
(3) Are there any changes in criteria used to originate, acquire, or select new pool assets?
No
(4) Has the master servicer made any Servicer Advances during the previous collection period?
No
(5) Has an early amortization event occurred?
  
No
(6) Have any Payment Rate Triggers been met?
  
No
Average Monthly Payment Rates < 25%
    
Current Monthly Payment Rate
26.36%
  
Prior Monthly Payment Rate
26.71%
  
Second Prior Monthly Payment Rate
27.68%
  
3 Month Average Monthly Payment Rate
26.92%
  
     
(7) Reserve Account balance < Reserve Account trigger
  
No
Reserve Account balance
25,000,000.00
  
(A) Required Reserve Account Percentage minus 0.25%
2.25
  
times (B) Note Principal Balance
1,000,000,000.00
  
Reserve Account trigger
22,500,000.00
  
   
(8) The sum of all investments held in trust accounts of the Issuer > 50% of the assets of the Issuer
No
Current Month
2.24%
  
Prior Month
2.55%
  
Second Prior Month
2.53%
  
Third Prior Month
2.46%
  
Fourth Prior Month
2.12%
  
Fifth Prior Month
2.02%
  
   
(9) Have any new series been issued during the related monthly collection period?
No
   
(10) Have any account additions or account removals occurred during the related monthly collection period?
Yes
Number of accounts added / (removed)          1
  
 
Page 7 of 8

GE Dealer Floorplan Master Note Trust
2007-1
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
4/26/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
4/20/2012
    
Final Maturity Date:
4/21/2014
    
 
Delinquency
          
           
Days Outstanding
  
Amount
(Dollars in Millions)
  
Percentage of Total
Receivables Outstanding
  
31 - 60
  
11.0
  
0.14%
  
61 - 90
  
7.5
  
0.10%
  
91 - 120
  
6.7
  
0.09%
  
121 - 150
  
3.0
  
0.04%
  
151 - 180
  
1.2
  
0.02%
  
*Total
  
29.3
  
0.38%
  

*Figures may not foot due to rounding

Page 8 of 8
 
 EX-99.6 7 v129542_ex99-6.htm Unassociated Document
 
GE Dealer Floorplan Master Note Trust
2007-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
8/02/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2010
    
Final Maturity Date:
7/20/2012
    

Note Payment Detail

Class
CUSIP
Interest Rate
Original Face
Value
Beginning
Class Balance
Principal
Payment
Amount
Interest
Payment
Amount
Total
Ending
Class Balance
A
36159LBD7
3.19750%
970,000,000.00
970,000,000.00
0.00
2,412,336.11
2,412,336.11
970,000,000.00
B
36159LBE5
3.58750%
20,000,000.00
20,000,000.00
0.00
55,805.56
55,805.56
20,000,000.00
C
36159LBF2
3.98750%
10,000,000.00
10,000,000.00
0.00
31,013.89
31,013.89
10,000,000.00
TOTALS
    
1,000,000,000.00
1,000,000,000.00
0.00
2,499,155.56
2,499,155.56
1,000,000,000.00

Beginning of Month Balance
          
7,749,043,097.67
New Volume
          
2,080,380,322.42
Principal Collections
          
2,042,938,938.04
Defaulted Amount
          
7,412,918.82
End of Month Balance
          
7,779,071,563.23
             
Annualized Yield
          
8.06%
Overconcentrations
            
Are there any Dealer Overconcentrations?
  
No
        
0.00
            
Are there any Manufacturer Overconcentrations?
  
No
        
0.00
            
Are there any Product Line Overconcentrations?
  
No
        
0.00
            
Collections
  
Total
  
Overconcentration
    
Principal Collections
  
2,042,938,938.04
  
0.00
  
2,042,938,938.04
Non Principal Collections
  
52,300,847.27
  
0.00
  
52,300,847.27
Total Collections
  
2,095,239,785.31
  
0.00
  
2,095,239,785.31
Defaults
            
Default Amount
  
7,412,918.82
  
0.00
  
7,412,918.82
Series Allocation Percentage
          
12.90%
Investor Default Amount
          
956,623.77
Charge-offs
            
Investor Charge-offs
          
0.00
 
Page 1 of 8
 
GE Dealer Floorplan Master Note Trust
2007-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
8/02/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2010
    
Final Maturity Date:
7/20/2012
    
 
Allocation of Available Non Principal Collections    
 
Series Allocation Percentage
12.90%
  
 
Available Non Principal Collections Allocated to Series
  
6,749,329.77
Application of Available Non Principal Collections and Available Principal Collections    
       
(a)
Available Non Principal Collections Allocated to Series
  
6,749,329.77
 
(i)
(A)
Amount to Indenture Trustee
  
0.00
   
(B)
Amount to Trustee
  
0.00
   
(C)
Amount to Administrator
  
71.43
   
(D)
Amount to Custodian
  
0.00
         
 
(ii)
Noteholder Servicing Fee
  
1,666,666.67
   
Unpaid Servicer Advances and interest thereon
  
0.00
 
(iii)
Class A Monthly Interest
  
2,412,336.11
 
(iv)
Class B Monthly Interest
  
55,805.56
 
(v)
Class C Monthly Interest
  
31,013.89
         
 
(vi)
Investor Default Amount (treated as Available Principal Collections)
  
956,623.77
         
 
(vii)
Investor Charge-offs
0.00
  
   
Reimbursement of Investor Charge-offs
0.00
  
   
Unreimbursed Investor Charge-offs
0.00
  
   
Reallocation Principal Collections
0.00
  
   
Reimbursement of Reallocated Principal Collections
0.00
  
   
Unreimbursed Reallocated Principal Collections
0.00
  
   
Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections
  
0.00
         
 
(viii)
Amount Required to be Deposited to the Reserve Account
  
0.00
         
 
(ix)
Remaining Amounts due to:
    
   
Indenture Trustee
  
0.00
   
Trustee
  
0.00
   
Administrator
  
0.00
   
Custodian
  
0.00
         
 
(x)
Amounts otherwise required to be Deposited to Principal Account
  
0.00
 
Page 2 of 8
 
GE Dealer Floorplan Master Note Trust
2007-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
8/02/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2010
    
Final Maturity Date:
7/20/2012
    
 
Excess Non Principal Collections for Series 2005-2
    
0.00
  
Excess Non Principal Collections for Series 2006-1
    
2,447,837.57
  
Excess Non Principal Collections for Series 2006-2
    
792,428.80
  
Excess Non Principal Collections for Series 2006-3
    
1,632,023.46
  
Excess Non Principal Collections for Series 2006-4
    
2,041,748.57
  
Excess Non Principal Collections for Series 2007-1
    
1,609,467.90
  
Excess Non Principal Collections for Series 2007-2
    
1,626,812.34
  
Excess Non Principal Collections for Series 2008-A
    
431,541.40
  
         
Total Excess Non Principal Collections
    
10,581,860.04
  
         
Non Principal Shortfalls for Series 2005-2
    
0.00
  
Non Principal Shortfalls for Series 2006-1
    
0.00
  
Non Principal Shortfalls for Series 2006-2
    
0.00
  
Non Principal Shortfalls for Series 2006-3
    
0.00
  
Non Principal Shortfalls for Series 2006-4
    
0.00
  
Non Principal Shortfalls for Series 2007-1
    
0.00
  
Non Principal Shortfalls for Series 2007-2
    
0.00
  
Non Principal Shortfalls for Series 2008-A
    
0.00
  
         
Total Non Principal Shortfalls
    
0.00
  
         
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2005-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-1
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-3
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2006-4
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2007-1
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2007-2
    
0.00
  
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2008-A
    
0.00
  
Total Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls
    
0.00
  
         
Released to Transferor
    
10,581,860.04
  
 
Page 3 of 8
 
GE Dealer Floorplan Master Note Trust
2007-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
8/02/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2010
    
Final Maturity Date:
7/20/2012
    
 
(b)
Revolving Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(x) of Indenture Supplement
263,637,575.93
 
Available Principal Collections Treated as Shared Principal Collections Applied According to Section 8.5 of Indenture
264,594,199.70
     
(c)
Controlled Accumulation Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(y) of Indenture Supplement
0.00
 
Available Principal Collections Treated as Shared Principal Collections
0.00
 
(i)
Monthly Principal Deposited into the Principal Account
0.00
 
(ii)
Monthly Principal Deposited to Distribution Account and paid to:
  
   
Class A
0.00
   
Class B
0.00
   
Class C
0.00
 
(iii)
Amounts Remaining as Shared Principal Collections Applied According to Section 8.5 of Indenture
0.00
     
 
Early Amortization Period
  
 
Principal Collections Allocated to Series According to 4.3(b)(ii)(z) of Indenture Supplement
0.00
 
(i)
Monthly Principal Deposited into the Principal Account
0.00
 
(ii)
Monthly Principal Deposited to Distribution Account and paid to:
  
   
Class A
0.00
   
Class B
0.00
   
Class C
0.00
 
(iii)
Amounts Remaining as Shared Principal Collections Applied According to Section 8.5 of Indenture
0.00
   
Shared Principal Collections for Principal Sharing Series
  
Aggregate Shared Principal Collections for Principal Sharing Series
1,852,159,397.88
Aggregate Principal Shortfall for Principal Sharing Series
0.00
   
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2005-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-1
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-3
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2006-4
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2007-1
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2007-2
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2008-A
0.00
   
Amount Deposited into the Excess Funding Account
0.00
Released to Transferor
1,852,159,397.88
 
Page 4 of 8
 
GE Dealer Floorplan Master Note Trust
2007-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
8/02/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2010
    
Final Maturity Date:
7/20/2012
    
 
Reserve Account (Series Level Account)
  
Beginning Reserve Account Amount
25,000,000.00
Required Reserve Account Amount
  
Required Reserve Account Percentage
2.50%
Note Principal Balance
1,000,000,000.00
Required Reserve Account Amount
25,000,000.00
   
Reserve Account Deficiency
0.00
Reserve Account Deposits
50,270.08
Reserve Account Withdrawals
50,270.08
Ending Reserve Account Amount
25,000,000.00
Non Principal Account (Series Level Account)
  
Beginning Balance
0.00
Deposits
2,499,155.56
Disbursements
2,499,155.56
Ending Balance
0.00
Principal Account (Series Level Account)
  
Beginning Balance
0.00
Deposits
0.00
Disbursements
0.00
Ending Balance
0.00
Free Equity Amount
  
Note Trust Principal Balance
7,779,071,563.23
Aggregate Collateral Amount for all Series of Notes
7,000,000,000.00
Free Equity Amount
779,071,563.23
   
Minimum Free Equity Percentage
0.00%
Outstanding Principal Balance
7,000,000,000.00
Total Overconcentration
0.00
Minimum Free Equity Amount
0.00
Excess Funding Account (Trust Level Account)
  
Beginning Balance
0.00
Deposits
0.00
Disbursements
0.00
Ending Balance
0.00
 
Page 5 of 8
 
GE Dealer Floorplan Master Note Trust
2007-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
8/02/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2010
    
Final Maturity Date:
7/20/2012
    
 
Summary of Allocation of Collections
        
         
Total Principal Collections
    
2,042,938,938.04
  
         
Principal Collections Allocated to Series 2005-2
    
0.00
  
Principal Collections Allocated to Series 2006-1
    
395,456,363.89
  
Principal Collections Allocated to Series 2006-2
    
131,818,787.96
  
Principal Collections Allocated to Series 2006-3
    
263,637,575.93
  
Principal Collections Allocated to Series 2006-4
    
329,546,969.91
  
Principal Collections Allocated to Series 2007-1
    
263,637,575.93
  
Principal Collections Allocated to Series 2007-2
    
263,637,575.93
  
Principal Collections Allocated to Series 2008-A
    
197,728,181.95
  
Principal Collections Not Allocated to Any Series and Released to Transferor
    
197,475,906.54
  
         
Total Non Principal Collections
    
52,300,847.27
  
         
Non Principal Collections Allocated to Series 2005-2
    
0.00
  
Non Principal Collections Allocated to Series 2006-1
    
10,123,994.66
  
Non Principal Collections Allocated to Series 2006-2
    
3,374,664.89
  
Non Principal Collections Allocated to Series 2006-3
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2006-4
    
8,436,662.21
  
Non Principal Collections Allocated to Series 2007-1
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2007-2
    
6,749,329.77
  
Non Principal Collections Allocated to Series 2008-A
    
5,061,997.33
  
         
Non Principal Collections Not Allocated to Any Series and Released to Transferor
    
5,055,538.87
  


Page 6 of 8
 
GE Dealer Floorplan Master Note Trust
2007-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
8/02/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2010
    
Final Maturity Date:
7/20/2012
    
 
Performance
  
   
(1) Are there any material modifications, extensions, or waivers to pool assets?
No
(2) Are there any material breaches of pool of assets representations and warranties or covenants?
No
(3) Are there any changes in criteria used to originate, acquire, or select new pool assets?
No
(4) Has the master servicer made any Servicer Advances during the previous collection period?
No
(5) Has an early amortization event occurred?
  
No
(6) Have any Payment Rate Triggers been met?
  
No
Average Monthly Payment Rates < 25%
    
Current Monthly Payment Rate
26.36%
  
Prior Monthly Payment Rate
26.71%
  
Second Prior Monthly Payment Rate
27.68%
  
3 Month Average Monthly Payment Rate
26.92%
  
     
(7) Reserve Account balance < Reserve Account trigger
  
No
Reserve Account balance
25,000,000.00
  
(A) Required Reserve Account Percentage minus 0.25%
2.25
  
times (B) Note Principal Balance
1,000,000,000.00
  
Reserve Account trigger
22,500,000.00
  
   
(8) The sum of all investments held in trust accounts of the Issuer > 50% of the assets of the Issuer
No
Current Month
2.24%
  
Prior Month
2.55%
  
Second Prior Month
2.53%
  
Third Prior Month
2.46%
  
Fourth Prior Month
2.12%
  
Fifth Prior Month
2.02%
  
   
(9) Have any new series been issued during the related monthly collection period?
No
   
(10) Have any account additions or account removals occurred during the related monthly collection period?
Yes
Number of accounts added / (removed)        1
  
 
Page 7 of 8
 
GE Dealer Floorplan Master Note Trust
2007-2
Payment Date:
10/20/2008
    
Collection Period Ended:
9/30/2008
    
Closing Date:
8/02/2007
    
Next Payment Date:
11/20/2008
    
Expected Principal Payment Date:
7/20/2010
    
Final Maturity Date:
7/20/2012
    
 
Delinquency
          
           
Days Outstanding
  
Amount
(Dollars in Millions)
  
Percentage of Total
Receivables Outstanding
  
31 - 60
  
11.0
  
0.14%
  
61 - 90
  
7.5
  
0.10%
  
91 - 120
  
6.7
  
0.09%
  
121 - 150
  
3.0
  
0.04%
  
151 - 180
  
1.2
  
0.02%
  
*Total
  
29.3
  
0.38%
  

*Figures may not foot due to rounding

Page 8 of 8
 
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