Fdic credit card securitization manual

Credit Card Securitization Manual. Manual Home: Chapter VI. – Credit Enhancement Facilities the largest expense in structuring a credit card securitization is the cost of credit enhancements. The bank may have the option of funding the reserve account with an initial cash deposit or through the retention of specific periodic. FDIC, Credit Card Securitization Manual, Introduction () Federal Interest Rate Authority, 85 Fed. Reg. 44, (J) (“Final Rule”) .. passim. Case cvJSW Document 77 Filed 07/15/21 Page 5 of Insurance Corporation. Chapter VII. – Commercial Paper Backed by Credit Card Receivables. Asset-backed commercial paper (ABCP) conduits issue short-term notes backed by trade receivables, credit card receivables, or medium-term financial assets with an original maturity of days or less. A specific pool of assets collateralizes the paper.

BA Credit Card Funding LLC BA Credit Card Trust BA Master Credit Card Trust II FIA Card Services NA Articles, Credit Industry, Securitization Credit Card Asset-Backed Securities and Their Impact on U.S. Household Financial Stability (April ). FDIC, Credit Card SEcuritization Manual, here.. Lakhbir Hayre, Salomon Smith Barney, Guide to Martgage-Backed and ASset-Backed Securities, here.. Modeling of Mortgage Payments and Defaults, , here. Liebowitz, Homer, et. al., Inside the Yield Book, here. Cui, Wang, and Ning, Algorithms, Time Series Prediction Method of Bank Cash Flow and Simulation Comparison, , here. Credit enhancement is the improvement of the credit profile of a structured financial transaction or the methods used to improve the credit profiles of such products. Program Wide Credit Enhancement Company. FDIC: Credit Card Securitization Manual. Credit Card Securitization Manual. Chapter VII. - Commercial Paper Backed by Credit Card.

The Risk Management Examination Manual for Credit Card Activities provides considerable information regarding the entire underwriting, monitoring, and credit administration practices. Examiners reviewing securitization activities should coordinate their review with those examiners reviewing asset quality and credit administration practices for the on-book receivables. Credit card securitizations use various forms of credit enhancements to transform the risk return profile of the underlying receivables. Credit enhancements are intended to reduce the credit risk to the investors, thereby increasing the rating on the investor certificates and thus lowering the funding cost to the selling bank. INTRODUCTION. This section discusses the sources and uses of cash generated from the securitized credit card receivables and how these cash flows are allocated within the securitization process. This section also elaborates on the use of finance charge and principal collections, their distribution in the event of an early amortization, the purpose of the revolving period and controlled amortization or accumulation periods, and the significance of excess finance charges.