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Must eligible ABS that refinance maturing ABS issued by a master trust be issued concurrently with the maturing ABS?

April 26, 2017ABS concurrently eligible issued master maturing Refinance Trust

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Must eligible ABS that refinance maturing ABS issued by a master trust be issued concurrently with the maturing ABS?

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No. Issuers may pre-fund their maturing ABS with eligible ABS up to three months in advance. Issuers also have the option to refinance ABS that matured in 2009 in bulk on any date up to December 31, 2009. Issuers may not, however, pre-fund ABS that mature in 2010 with eligible ABS.