Banks and credit card specialists are energizing the sleepy market for credit card securities by using derivatives.

In recent days, investment banks have been tacking on interest rate swaps to fixed-rate securities issued by such companies as Citicorp, Chase Manhattan Corp., First USA Inc., and MBNA Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.