Joe J asked 2 days ago
I'm looking at the most recent US Bancorp (parent of US Bank) 10-k and the discussion around securitization is fairly limited, unlike others like AMEX. Note 8 appears rather vague, and things like the trust name are unclear. About the best there is are statements like "the copmany transfers financial assets in the normal course of business" and "other asset securitizations or similar asset-backed financing arrangements that are off-balance sheet" confirming their practices.
In the case of us bank is there a better resource that dives into receivables being transferred/sold to a third party trust?
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link for their filings: https://ir.usbank.com/financials/sec-filings/default.aspx