HA Sustainable Infrastructure Capital, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Securitization of Receivables (Tables)

Securitization of Receivables (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Fair Values of Retained Interests, Discount Rates Used in Valuing Interests

As of September 30, 2013 and December 31, 2012, the fair values of retained interests, discount rates used in valuing those interests and the sensitivity to an increase in the discount rates of 5% and 10% were as follows (amounts in thousands):


	September 30, 2013
	Servicing			Residual Assets
Amortized cost basis	$	1,290		$	4,288
Fair value	$	1,434		$	4,220
Weighted-average life in years		8			6 to 19
Discount rate		8	%		8% to 10	%
Fair value that would be decreased based on hypothetical adverse changes in discount rates:
5% change in discount rate	$	266		$	1,128
10% change in discount rate	$	437		$	1,751


	December 31, 2012
	Servicing			Residual Assets
Amortized cost basis	$	1,592		$	4,366
Fair value	$	1,690		$	4,639
Weighted-average life in years		8			6 to 17
Discount rate		8	%		8% to 10	%
Fair value that would be decreased based on hypothetical adverse changes in discount rates:
5% change in discount rate	$	307		$	1,220
10% change in discount rate	$	505		$	1,884

Schedule of Cash Flows between Company and Securitization Trusts

The following is an analysis of certain cash flows between the Company and the securitization trusts for the nine months ended September 30, 2013 and 2012 (amounts in thousands):


	September 30, 2013		September 30, 2012
Purchase of receivables securitized	$	145,802	$	94,163
Proceeds from securitizations	$	148,572	$	96,135
Servicing fees received	$	490	$	536
Cash received from residual assets	$	447	$	630