With the stated purpose of taking damaged and inexperienced borrowers along the path to attaining prime status, bankcard provider Providian Financial's fourth and fifth offerings from its "Gateway to Credit" program have been blowouts, markets sources said.

The company has gained global acceptance for paper backed by receivables from the program.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.