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Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes that will be issued from Mercury Financial Credit Card Master Trust, Series 2021-1 ("MFCCMT 2021-1"), a credit card asset-backed securities transaction. The ratings reflect the initial credit enhancement levels ranging from 33.25% for the Class A notes to 5.00% for the Class D notes. Credit enhancement on the notes consists of i) subordination (except for the class D notes) ii) excess spread generated by the pool of credit card receivables and iii) a reserve account (if funded after the closing date)...

19,182 DIFC employees from 1,187 employers enrolled, enabling individuals to plan their financial future. The scheme restructured the previously defined benefit end of service gratuity scheme into a funded and professionally managed, defined contribution savings plan. The plan brings much needed transparency to how EoSG is managed and provides financial security especially during a period of economic turbulence. Interim performance of the Mercer Multi High Asset Growth fund has seen growth of 36.6 per cent. Region-first employee workplace savings scheme is testament to DIFC’s position as th...

Solving the small pots problem While many individuals have forgotten about their small pension pots, the government has not. But is its new work on the issue going to be enough? By Amanda Newman Smith 12 th February 2021 4:19 pm The trouble with auto-enrolment is that it has created too many small pension pots that get left behind when people change jobs. You know the story — someone starts a job, but within a few months they’ve got a better offer and a shiny new pension pot. But that employer struggles during the pandemic, so redundancy means getting another job — and y...

Read more about Master Trust standalone net profit declines 33.33% in the December 2020 quarter on Business Standard. Sales rise 170.73% to Rs 5.55 crore

At a recent Financial Services Summit in Boston, Piper Jaffray said that it is most incrementally confident in the following companies: “Alliance Data Systems (NYSE: ADS): Improving fundamentals. Growth and cash flow still underappreciated. Management continues to focus on reducing controversy in... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to: