Discover Financial Services said a forthcoming Federal Reserve Board program designed to revive issuance of ABS is "of very high interest" to it.

At a conference in New York last week, Roy Guthrie, the company's chief financial officer, said details on pricing and the amount of leverage offered are crucial to the success of the program, through which the Fed plans to lend up to $200 billion to investors to buy new and recently issued bonds backed by consumer and small-business loans.

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.