Commentary

U.K. Autos: Elongated PCP Terms Increase the Risk of Voluntary Termination

Auto

Summary

DBRS Ratings Limited (DBRS) released a commentary on U.K. Auto ABS transactions focusing on the use of the personal contract purchase (PCP) terms. DBRS has observed an increase in the use of PCP agreements in the U.K. over the last ten years.

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Contacts

  • Matthew Nyong
    Senior Financial Analyst, ABS - Global Structured Finance
    +44 20 7855 6629
  • Gordon Kerr
    Senior Vice President, Head of European Structured Finance Research
    +44 20 7855 6667
  • Alex Garrod
    Senior Vice President, Lead - Structured Finance Analytics, Data Analytics
    +(44) 20 7855 6606
  • Paolo Conti
    Associate Managing Director - European Consumer & Corporate Securitisation Ratings
    +(34) 917 933 397

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