Nissan Motor Credithas received Securities and Exchange Commission approval to offer its first-ever wholesale dealer floorplan ABS and the inaugural transaction from the Nissan Master Owner Trust Receivables shelf is expected in the near-term. As previously reported (see ASR 5/26/03), Morgan Stanley has set up a dealer floorplan warehouse facility and will lead the term securitization, which could be as large as $2 billion in size. Proceeds will be used to pay down the warehouse facility.

To view the amended shelf registration, click here.

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