NewDay sets up master issuer structure

PA-credit cards
By Tom Brown
27 Jan 2021

NewDay has streamlined its credit card ABS offering by setting up a master issuer within its existing master trust vehicle, to smooth out deal execution.

Master issuer structures are a new invention in the market, pioneered by the team behind Coventry Building Society’s Economic Master Issuer 2020-1. This took the master trust concept a step further, creating a simplified hybrid which allowed for more flexible deal execution.

“The master issuer means that all issuance ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial