EMOT's notes are backed by a revolving portfolio of French and German dealer floor plan loan receivables, originated by GMAC Banque S.A. (the French originator) and GMAC Bank GmbH (the German originator). The loans are granted by the originators to the French and German captive auto dealers of the General Motors (GM) Group under wholesale financing agreements, to bridge-finance the dealers' vehicle inventories they are sold. The transaction is revolving and the term notes only begin ...
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