Dealers in trouble as SPV facility looking questionable

The SPV was set up to provide support for motor dealers in Australia struggling to secure refinance on their
floorplans from GMAC or GE who have announced a desire not to enter the market. More about this announcement can
be viewed at this url:
http://www.alp.org.au/media/1208/mstres190.php

To the best of our knowledge we have not seen any indication of dealers securing floorplan finance through the SPV. This
raises some doubt on the program. If you are a dealer struggling to secure your floorplan refinance, please contact
us as we may be able to help you in this regard.