Canadian SWIFT Master Auto Receivables Trust to Redeem $1.7 Billion of Floating Rate Floorplan Receivables-Backed Notes

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TORONTO, Sept. 16, 2011 /CNW/ -- Canadian SWIFT Master Auto Receivables Trust (the "Trust") announced today that it has exercised its right to redeem all of the outstanding $1.7 billion of Floating Rate Floorplan Receivables-Backed Notes, Series 2010-1 (CUSIP No. 136650AA6) (the "Notes"). The Notes will be redeemed on Oct. 17, 2011, for $1,000 for each $1,000 principal amount of the Notes, plus accrued and unpaid interest up to, but excluding, the redemption date.

The redemption price for the Notes is determined in accordance with the provisions of a trust indenture and a supplemental indenture both dated March 25, 2010.

Notices of redemption will be delivered today to CDS Clearing and Depository Services Inc. ("CDS") and the indenture trustee, Computershare Trust Company of Canada. Non-registered holders (banks, brokerage firms or other financial institutions) who maintain an interest in the Notes through CDS should contact their CDS customer service representative with any questions about the redemption. Alternatively, beneficial holders with any questions about the redemption should contact their representative brokerage firm or financial institution, which holds interests in the Notes on their behalf.

The Trust is a special purpose master trust, the business activities of which are limited to the purchase, acquisition, administration and sale of financial assets, including financial assets acquired from Ally Credit Canada Limited and its affiliates, and the borrowing of funds or the issuance of securities to finance these purchases.

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    Contacts:



    Jim Olecki646-781-1008james.olecki@ally.com



    Chris McNamee646-781-1010christopher.mcnamee@ally.com


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SOURCE Canadian SWIFT Master Auto Receivables Trust

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Canadian SWIFT Master Auto Receivables Trust

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