Providian Financial Corp. continues to test new angles and asset classes, planning a credit card deal from their brand new Gateway Master Trust within a year or so, and perhaps a larger owner trust deal from the credit collateral as well.

But always, when testing products, Providian draws a careful toe along the water's edge, said Mimi Mengis, head of funding at Providian, and Gwinneth Berexa, head of securitization.

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