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Since 1985, Cadwalader has facilitated the issuance of billions of dollars of asset-backed securities. The asset-backed securitization practice, which has grown beyond traditional asset classes, now encompasses the entire range of emerging and niche asset classes, including:
- equipment and automobile leases
- student loans
- commercial loans
- annuity contracts
- franchise receivables
- cell phone towers
- government receivables
- pharmacy and health care receivables
- dealer notes and floor plan financing
- tax liens
- taxi medallions
- music and publishing royalties
- 12b-1 fees
- airplane loans
- manufactured housing
- trade receivables
Credit Cards and Auto Loans: Cadwalader lawyers assisted clients in the creation of the first publicly offered auto-loan securitizations and, in 1987, in the creation the first public credit card transaction. Since that time, we have facilitated the issuance of more than $100 billion of credit card and auto loan backed securities. We have acted as counsel to various parties in the Discover, MBNA, Citibank, Banc One, Household, AT&T, Chase, Chemical and American Express credit card transactions and the UAC, GMAC, Chase Auto, New South and Bayview public auto transactions, as well as in numerous private placements. Our lawyers also regularly assists clients in “sub-prime” automobile securitizations.
