Europe’s auto ABS pipeline continues to build and the latest boost comes from SOFIRA’s €550 million ($714.5M) revolving cash securitization of dealer floorplan receivables extended to auto dealers in France.

Auto ABS DFP Master Compartment France 2013  is the issuer’s first public dealer floorplan loan securitization, according to Moody’s Investors Service. SOFIRA’s parent company is Banque PSA Finance.  

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