Consumer Portfolio Services (CPS) is marketing a subprime auto ABS called Consumer Portfolio Services Auto Receivables Trust 2011-A. The $104 million deal is being managed by UBS.
The company announced its return to the securitization back in early March when it released details about its $100 million two-year warehouse credit line with UBS Real Estate Securities.
"This transaction brings our total warehouse capacity to $200 million," said Charles Bradley, Jr., president and CEO back then.
Meanwhile, in the Canadian credit card market, Bank of Montreal (BMO) is marketing two deals under its Master Credit Card Trust. These are Series 2011-1 and 2001-2. BMO Nesbitt Burns is the underwriter on both offerings.