Following its cross-border credit card deals of 1995 and early 1999, Banco de Credito del Peru (BCP) is getting ready to test the asset-backed waters again, this time with a securitization of electronic remittances.

"As the biggest Peruvian bank, BCP wants to test the acceptance of new assets in the market," said a source working on the transaction. "They have a very good name from their previous transactions and wanted to try and tap other sources if financing."

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