03.02.2016 16:25:00

Moody's: Barclays' Gracechurch credit card ABS trust will benefit from lower asset-liability interest rate mismatch

London, 03 February 2016 -- The alignment of credit card charges to the Bank of England's base rate will support excess spread levels in the Gracechurch trust through a price tracking mechanism, given that interest rates are low, says Moody's Investors Service in a new report published today. The move will reduce potential asset-liability interest rate mismatches between the credit card receivables and the note liabilities under Barclays' Gracechurch programme.

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