Silver Linings in LatAm

June 5, 2009

While ABS activity in Latin America is still slumping and the region lacks the aggressive repo programs of central banks in the U.S. and Western Europe, signs of hope are materializing. Scotiabank Peru, for instance, sent out a request for proposals to a number of banks active in the sector of diversified payment rights (DPRs). The bank would be following in the footsteps of three Peruvian peers: DPR veteran Banco de Credito del Peru (BCP), Banco Continental - which made its DPR debut only last year - and Banco Internacional del Peru (Interbank), which was due to price its second DPR deal on June 5.

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