Credit Suisse Readies Swiss Franc Card ABS

25 May 2012

Credit Suisse and SwissCard AECS AG are preparing a rare credit card securitization denominated in Swiss Francs.

Credit Suisse and SwissCard AECS AG are preparing a rare credit card securitization denominated in Swiss Francs. The trade, which surfaced Friday, is set to be marketed to Swiss investors in a roadshow beginning June 4.

The credit card receivables were originated by Credit Suisse to customers in Switzerland. ...

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