Chariot Funding LLC and Jupiter Securitization Co. LLC financed a £750 million ($1 billion) consumer loan facility.
Both conduits are partially supported, multiseller ABCP programs administered by JPMorgan Chase Bank. The conduits hold unrated class A notes issued out of a consumer loan master trust. Each conduit has a 50% share, according to Moody's Investors Service.
The underlying collateral is a revolving pool of U.K. unsecured retail consumer loans originated by an investment-grade rated bank.
The transaction-specific credit support to the class A notes are comprised of minimum 30% overcollateralization and excess spread, according to Moody's.