Discover Financial Services said a forthcoming Federal Reserve Board program designed to revive issuance of asset-backed securitizations is "of very high interest" to it.

At a conference in New York last week, Roy Guthrie, the company's chief financial officer, said details on pricing and the amount of leverage offered are crucial to the success of the program, through which the Fed plans to lend up to $200 billion to investors to buy new and recently issued bonds backed by consumer and small-business loans.

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