Securitized Debt Reporting

We periodically securitize credit card receivables arising from our three sales platforms. We issue this debt through a public program, as well as private placements. In the tabs below, you will find reports, documentation, and performance information related to our public securitization program, called the Synchrony Credit Card Master Note Trust.

Trust Performance APR'17 MAR'17 FEB'17 3 MONTH AVG
Gross Trust Yield 26.18% 25.17% 27.74% 26.36%
Gross Charge-Off Rate 6.67% 5.89% 6.88% 6.48%
Gross Charge-Off Rate Excluding Fraud 6.48% 5.71% 6.72% 6.30%
Net Charge Off excluding Fraud 5.33% 4.71% 5.48% 5.17%
Trust excess spread percentage 15.91% 15.71% 17.17% 16.26%
Payment Rate 14.21% 12.97% 13.85% 13.68%
         
Delinquency Data APR'17 MAR'17 FEB '17 3 MONTH AVG
1 – 29 Days Delinquent
2.78% 2.38% 3.21% 2.79%
30 – 59 Days Delinquent
0.79% 0.85% 0.92% 0.85%
60 – 89 Days Delinquent
0.65% 0.62% 0.67% 0.65%
90 – 119 Days Delinquent
0.51% 0.54% 0.56% 0.54%
120 – 149 Days Delinquent
0.48% 0.51% 0.52% 0.50%
150 – 179 Days Delinquent
0.45% 0.43% 0.47% 0.45%
180 or Greater Days Delinquent 0.00% 0.00% 0.00% 0.00%
BOP Principal Receivables ($B) $ 12.3 $ 12.5 $ 12.9 $ 12.6