Credit Card ABS

Credit Card ABS

Intuition Publishing Pty Ltd
Updated Sep 25, 2020

A credit card ABS is a security backed by a collateral pool of credit card receivables. These receivables are unsecured and borrowing by the obligor is on a revolving basis. Here we examine the features of credit card receivable-backed securities and their underlying collateral pools, the structures involved, and the state of play in the credit card ABS market.