Main category
Social Sciences (Economics)
Abstract
A securitization trade allows the holder to purchase co-ownership interests in a revolving pool of credit card receivables. To fund the acquisition of the interests in the revolving pool, the trust issued Asset-Backed Notes, in a number of different series. A share of future collections of credit charge receivables, to which the trust is entitled, is used to pay the interest and the principal of the notes.
Further reading
https://ia601907.us.archive.org/4/items/osfabs-analytics/OSFAbsAnalytics.pdf
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