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)

3 Months Ended

Mar. 31, 2014

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

The fair values of retained assets, including the discount rates used in valuing those assets and the sensitivity to an increase in the discount rates of 5% and 10%, as of March 31, 2014 and December 31, 2013, were as follows:


	March 31, 2014
	Servicing			Residual Assets
	(amounts in thousands)
Amortized cost basis	$	1,127		$	4,390
Fair value	$	1,240		$	4,490
Weighted-average life in years		8			7 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	$	246		$	1,176
10% change in discount rate	$	403		$	1,817


	December 31, 2013
	Servicing			Residual Assets
	(amounts in thousands)
Amortized cost basis	$	1,281		$	4,750
Fair value	$	1,407		$	4,863
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	$	255		$	1,194
10% change in discount rate	$	418		$	1,842

Schedule of Cash Flows between us and Securitization Trusts

The following is an analysis of certain cash flows between us and the securitization trusts:


	For the Three Months Ended March 31,
	2014		2013
	(amounts in thousands)
Purchase of receivables securitized	$	65,069	$	—
Proceeds from securitizations	$	67,043	$	—
Servicing fees received	$	271	$	265
Cash received from residual assets	$	510	$	121