Last Monday, the Federal Deposit Insurance Corp.'s (FDIC) board of directors approved the final rule to replace its Safe Harbor transition rule on securitization. The finalized version extends until Dec 31 the transitional Safe Harbor - allowing the ABS market three months to adjust to the final rule's requirements.

Although generally shedding light on the issue of qualifying for the securitization Safe Harbor, there are still questions that ABS market participants have that remain unanswered. Most specifically, according to Barclays Capital analysts, there is still not enough clarity on the Safe Harbor's scope.

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