| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| CREDIT CARD ABS | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| JP Morgan | 5,974.7 | 1 | 29.8 | 11 |
| Citigroup | 4,447.1 | 2 | 22.2 | 7 |
| Banc of America Securities LLC | 3,723.3 | 3 | 18.6 | 6 |
| Deutsche Bank AG | 2,075.0 | 4 | 10.4 | 6 |
| Morgan Stanley | 1,829.0 | 5 | 9.1 | 2 |
| Credit Suisse | 625.0 | 6 | 3.1 | 2 |
| Barclays Capital | 500.0 | 7 | 2.5 | 1 |
| Lehman Brothers | 250.0 | 8 | 1.3 | 1 |
| Wachovia Corp | 249.9 | 9 | 1.3 | 1 |
| Merrill Lynch & Co Inc | 225.0 | 10 | 1.1 | 1 |
| Industry Total | 20,049.0 | – | 100.0 | 30 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
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Portfolio managers expect spike in defaults, wider spreads
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Enterprise Fleet Financing aims to sell $1 billion in ABS
Smaller and largely unrated non-investment grade entities compose the assets, but the historical managed portfolio and securitized delinquencies and losses remain low, even during recessions.
