LeasePlan has to date concluded ten successful public securitisation transactions through its Bumper securitisation programme in the Netherlands, Germany, the United Kingdom and France. The main objective of the Bumper Programme is help in achieving a broad diversification of funding sources with a view to reducing reliance on senior unsecured funding. The Bumper transactions are auto ABS transactions backed by the lease receivables and the future residual value claims of a LeasePlan subsidiary’s fleet of vehicles. The transactions are not structured to obtain off-balance sheet treatment. In relation to residual value risk, LeasePlan feels it is in a better position than any other market participant to assess and mitigate residual value risk embedded in the fleet. Access to investor reports, rating reports, prospectus and other information regarding these transactions is available through this website.