SOUTH BEACH, Fla. - A hot theme at last week's SRI's ABS Industry Summit was the role of servicers, particularly backup servicers. As a result of investor and rating agency pressure, the backups are likely to increase their involvement in the primary servicing of deals, more so for troubled sectors or names.

In the turbulent equipment-lease sector, for example, investors called for experienced backup servicers having structure and pool data in their systems, which would expedite a transfer so the replacement servicer would be up running without missing a month of payment activity.

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