Credit card receivable asset-backed securities differ from auto loan ABS in the following way: A. Credit card
Question:
Credit card receivable asset-backed securities differ from auto loan ABS in the following way:
A. Credit card loans are recourse loans, whereas auto loans are non-recourse loans.
B. The collateral for credit card receivable-backed securities is a pool of non-amortizing loans, whereas the collateral for auto loan ABS is a pool of amortizing loans.
C. Credit card receivable-backed securities have regular principal repayments, whereas auto loan ABS include a lockout period during which the cash proceeds from principal repayments are reinvested in additional loan receivables.
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B is correct A main difference between credit card receivable ...View the full answer
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