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BCI goes plastic in Chile's debut credit-card deal

Undeterred by dismal consumer demand, Chile's BCI Securitizadora brought the country's first credit card securitization to market in early November. "The collateral backing the deal is super-healthy," said Gerardo Spoerer, CEO of the structuring bank, "particularly since they're accounts with a proven track record."

Named after the deal's department-store...

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