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The securities are rated AAA because the issuing bank will absorb defaults on the pool of receivables.
Household's net income rose 17% to $514 million in the second quarter, its 16th consecutive record quarter, and it kept default losses at an impressive 4.3% (annualized) of receivables.
A receivables management firm offers an "A to Z of receivables management".
Its consumer-credit company booked a profit of €70m representing an acceleration of future interest from a securitisation of receivables.
Auditors are supposed to do spot checks of receivables.
Also include an aging schedule of receivables and payables.
Its reserve is $4.5 billion, or 1.06% of receivables.
Credit card delinquencies surge to 7% of receivables.
Exhibit A: The company reduced its estimate on how much of accounts receivable won't be paid, from 6.6% of receivables to 2.2%.
Exhibit A: The company reduced its estimate on how much of accounts receivable won't be paid, lowering the number from 6.6% of receivables to 2.2%.
Bad-debt provisions accounted for 14% of receivables in fiscal 1997, up slightly from last year's 13%.
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CEO of Professional Science Editing for Scientists @ prosciediting.com