Don't write off the charged-off credit-card sector of the ABS market.

Because the charged-off sector represents 5% of the $450 billion revolving credit-card business, the future of the market is secure, said panelists at International Management Network's securitization conference in Bermuda. But whether or not securitization will thrive in the sector hinges upon a deeper focus on servicing, smaller deals, further disclosure from lenders, and an increase in buysider education.

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