By Tom Brown 27 Jan 2021 NewDay has streamlined its credit card ABS offering by setting up a master issuer within its existing master trust vehicle, to smooth out deal execution. Master issuer structures are a new invention in the market, pioneered by the team behind Coventry Building Society’s Economic Master Issuer 2020-1. This took the master trust concept a step further, creating a simplified hybrid which allowed for more flexible deal execution.“The master issuer means that ... Already a subscriber? Login