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The process is not likely to be an easy one because it will cost more for the issuers.
The number of issuers has grown to 400 from 35 in 1992.
To be sure, the issuer was leaving a lot of money on the table.
The plan had been opposed by some issuers because of the costs.
The historic average, she said, is about 1 of every 21 issuers.
"A lot of issuers are thinking that they do not need to buy the call option."
It is used by a number of credit card issuers.
The rest of the number is allocated by the issuer.
He also is the official issuer of all public debt in the state.
The issuer wants this right in case interest rates drop.
"Issuers with a more open process like that give us a better shot at breaking in to the business."
This system allows for up to 4 card issuers in the market.
"We look at the information that comes from the issuers of the securities," he said.
But a number of big issuers said they would call in the bonds anyway.
People worried about whether even quality issuers could fund themselves through the end of the year.
Laws were passed by Congress in 2009 to stop issuers from these practices.
In some cases, those issuers may have caught something already."
After five years the issuer has a right to reset the terms.
Issuers are trying to come up with other unusual fees.
This can only be done by interacting with an issuer.
And anyone looking for a card from another issuer need look no further than next week's mail.
"The issuer asked for it so that they could get more coverage," he said.
So where are many of these smaller issuers going to go for financing?
If called, this would still leave the issuer with the interest rate swap.
Have you reached this site through your credit card issuer?