ABS

Talk Emerges of Credit Union DPR

Published February 18, 2010 3:57 PM EST 1 Min Read

There is talk in the market that an El Salvadoran credit union is working on a small cross-border deal backed by remittances.

This would be the first transaction of its kind, as the remittance space has so far been dominated by top-tier emerging-market banks.

Should it come to fruition, the transaction could open the door for other DPR deals originated by small lending institutions.

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