Consumer ABS

World Omni Financial Corp. and Nissan Motor Acceptance Corp are both in the market with auto securitization deals sized at $683 million and $750mn respectively.

U.S. Federal student loans, which include FFLEP and Direct loans, spiked to 13% according to data reported by the U.S. Department of Education last Friday; but the hike in defaults won't impact student loan ABS tied to this collateral.

Dealogic, the data analytics provider, reported that global non triple-A rated securitization volume has increased 27% from the same period in 2011 and marks the highest year-to-date volume since 2007.

Barclays Capital yesterday filed an investor prospectus on its first SEC registered, Reg AB compliant, U.S. credit card receivable platform called Dryrock Issuance Trust.

Penske Truck Leasing Co. has completed its first asset-backed bank conduit facility with a group of six banks for $450 million.

Alliance Data Systems Corporation and GE Capital are each in the market with credit card ABS securitization deals that total a combined $1.032 billion.

Sallie Mae will issue a $976 million securitization of private student loans.

Hyundai Motor Co. and American Honda Finance Corp. are marketing two auto securitization deals that will be sized at $1.5 billion and $1bln respectively.

Investment bank EA Markets is muscling up their structured finance team by bringing on three new hires: Neil Winward, Greg Raykher, and Gerry Kaufman.