The performance of major bank credit card trust collateral for the July collection period — August distribution date — was positive, according to Barclays Capital analysts in a report released today.

They added that this is the result of charge-offs and delinquencies dropping and excess spread and payment rates improving.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.