DLL Leasing in £350m equipment finance (receivables) securitisation

Operating (3%), finance (12%), and hire purchase agreements (84% by value) on many types of equipment, including: tractors, fork lifts earth movers, fitness, dental, cranes, loaders, scrap equipment lab diagnostics, drills, and golfing.

(90% of assets are new, and come from many business sectors (75% by value in agriculture and construction). Equipment value ranges from £5K to £200K+. Most contracts matures 2 -5 years. Payments are all on direct debit and almost all collected monthly. Obligors are evenly spread across the UK