Credit card securitization volume has grown in 2012 on the back of  both U.S. and non-U.S. banks credit card ABS, according to a Bank of America Merrill Lynch securitization report today.

Analysts said in the report that they expect a gross supply of $30 billion and negative net supply of $53 billion for all of 2012. New-issue volume for credit card ABS has already surpassed 2011 volumes despite the contraction of receivables balances for existing credit card trusts.

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