Securitizations (Tables)

3 Months Ended

Mar. 31, 2013

Securitizations [Abstract]

Securitizations [Table Text Block]

A summary of our securitization activity and cash flows from special purpose entities used for securitizations is as follows (in thousands):

	Three Months Ended
	March 31,
	2013		2012
Receivables securitized	$	1,055,420	$	1,915,719
Net proceeds from securitization	1,000,000		1,800,000
Servicing fees(a)	67,468		58,563
Net distributions from Trusts	373,635		450,545

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(a) Cash flows received for the servicing of securitizations consolidated as VIE’s are a component of finance charge income on the consolidated statements of income and comprehensive income.