easy · Asset-Backed Securities asset-nuances
What is 'Portfolio Yield' in a credit card master trust?
- The ratio of total principal collected from cardholders to the total finance charges they paid in a given period.
- The annualized finance charges, fees, and interchange collected by the trust as a percentage of the receivables.
- The net profit margin of the bank's entire card division after marketing, overhead, and other corporate expenses.
- The share of cardholders who 'graduate' from a starter card into a premium, higher credit-line card product.
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