Moody's publishes FAQ on performance drivers for Italian CDQ & DP consumer loan transactions

Milan, March 05, 2014 -- Italian Cessione del Quinto (CDQ) and Delegazione di Pagamento (DP) consumer loan products pose risks because of their greater complexity, but provide enhanced security and generally imply lower losses than standard consumer loans, says Moody's Investors Service in a report published today. These complex products, which have a number of specific legal and product features that render them unique compared to typical consumer loan products, are becoming increasingly common with total issuance of EUR4.5 billion in 2013. Around 50% of issuance 2013 was concentrated with the top four players.

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