Turkish banks have been quiet on the securitization front since most of the monoline bond insurers stopped wrapping structured deals.

On the sidelines of Global ABS, held at Cannes last week, officials at two Turkish banks said that the multilateral institutions are likely to step in soon to partly make up for the loss of business from the guarantors, which helped spur a boom in deals backed by diversified payment rights (DPRs) in 2006 and early 2007.

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