The overall credit picture is mixed in the Golden Credit program, which demonstrated higher net chargeoffs of 1.71% in the February collection period, up noticeably from 1.30% a year before.
Credit card ABS supply charges ahead ifre.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifre.com Daily Mail and Mail on Sunday newspapers.
The Class A note coupon initially will be linked to the USD Compounded Secured Overnight Financing Rate Index, a relatively new interest rate index. Royal Bank of Canada is the seller, servicer and administrative agent.