GM Financial Consumer Automobile Receivables Trust 2024-1 Files ABS-EE Form with the SEC
In a recent SEC filing, GM Financial Consumer Automobile Receivables Trust 2024-1, represented by the filer ABS-EE, submitted Form ABS-EE. This filing is significant as it provides transparency into the financial activities and securities offerings of the trust. Form ABS-EE is typically used by asset-backed securities issuers to register offerings of these securities under the Securities Act of 1933.
GM Financial Consumer Automobile Receivables Trust 2024-1 is a trust established by GM Financial to securitize a pool of automobile receivables. These receivables are typically comprised of loans and leases extended to consumers for the purchase of General Motors vehicles. By securitizing these receivables, GM Financial is able to raise capital by selling securities backed by the cash flows from the underlying assets. Investors in these securities receive payments based on the principal and interest payments made by the consumers on their auto loans and leases. For more information about GM Financial Consumer Automobile Receivables Trust 2024-1, you can visit their website here.
Form ABS-EE is a filing with the Securities and Exchange Commission that provides information about asset-backed securities offerings. This form includes details about the securities being offered, the structure of the transaction, the credit quality of the underlying assets, and other relevant information for investors. By submitting Form ABS-EE, GM Financial Consumer Automobile Receivables Trust 2024-1 is complying with regulatory requirements to disclose key information to investors and the public regarding their securities offering.
