Research on the Capital Calculation Method of Credit  Card Securitization with Early Amortization Features

This paper investigates the characteristics of credit card receivables securitization and its transaction structure, and then explores its minimum capital requirement in the new Basel Accord. We find out some defects on the methods of calculations on the capital charge in the New Basel Accord and have given some suggestions together with supplementary examples. We hope that this paper can be helpful to commercial banks to fulfill the New Basel Accord better.