Prestige Financial Services (PFS) is in the market with Prestige Auto Receivables Trust 2011-1 (PART 2011-1), a six-tranche subprime auto loan receivables managed by JPMorgan Securities. The deal is worth $221.62 million.

This is Prestige's first securitization in 2011 and its first since the firm's Series 2009-1 deal that closed in December 2009, Standard & Poor's said in a presale report. Its last transaction was the first to use a senior/subordinate credit enhancement structure, S&P reported.

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