dealer loan

Dealer loan

Overnight, collateralized loan from a money market bank made to a dealer financing his position by borrowing.

Dealer Loan

A loan to a dealer by a bank. Dealers take out dealer loans in order to finance inventory for their trades. Dealer loans are payable in 24 hours of receipt, and must carry collateral.

dealer loan

A short-term secured bank loan to a security dealer for the purpose of financing inventory.
References in periodicals archive ?
Each loan is supported by Caterpillar Financial Services Corporation in the form of a dealer loan purchase agreement that is available to be drawn upon when CP matures.
If you do take a dealer loan, you might decide on traditional hire purchase, making monthly payments until the price plus interest is paid off.
(The objective of minimizing the quantity of unallocated securities is important because the clearing bank typically finances any unallocated securities that remain in the clearing account at a dealer loan rate in excess of the contemporaneous repo rate.) This process eliminates the need to transfer securities between banks--as would be necessary if the dealer's clearing bank and the tri-party agent bank were different banks--and facilitates least-cost financing of the dealer's securities.
Support Provider Credit Quality: Each loan is supported by Caterpillar Financial Services Corporation in the form of a dealer loan purchase agreement that is available to be drawn upon when CP matures.
For the full year 2014, origination volume was USD27.5bn, including more than USD11.5bn in Chrysler retail loans, USD4.5bn in Chrysler leases originated for the company's own portfolio, and USD2.2bn in Chrysler lease and dealer loan originations facilitated for an affiliate.
In the third quarter, total originations were USD 7.4bn, including more than USD 3.0bn in Chrysler retail loans, more than USD 1.2bn in Chrysler leases originated for our own portfolio, and approximately USD 604m in Chrysler lease and dealer loan originations facilitated for an affiliate.
"Credit unions must monitor volume fluctuations, credit quality distribution, lifecycle yields, early payoffs, first payment defaults, finance director portfolio performance, and underwriter and dealer loan pools," Cochrum said.
End-of-period commercial earning assets were up slightly year-over-year at $34.3 billion, as a result of growth in the dealer loan portfolio and higher average vehicle values on dealer lots.
In 2Q14, total originations were USD 6.7bn, including more than USD 2.6bn in Chrysler retail loans, more than USD 1.2bn in Chrysler leases originated for our own portfolio, and approximately USD 595m in Chrysler lease and dealer loan originations facilitated for an affiliate.
In the second quarter, total originations were USD6.7bn, including more than USD2.6bn in Chrysler retail loans, more than USD1.2bn in Chrysler leases originated for the company's own portfolio, and approximately USD595m in Chrysler lease and dealer loan originations facilitated for an affiliate.
"If you're in a dealership buying a new car, you might end up going with the dealer loan if you find it too difficult to apply for a loan from your smartphone.
Under the Chrysler Agreement, which is in year seven of a 10-year term, SC is FCA's preferred provider for consumer loans, leases and dealer loans.
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