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The current offer is being administered by GE Capital and its affiliate, Monogram Credit Card Bank of Georgia, which have owned and issued Exxon credit cards since Dec.
The notes are backed by a pool of private label revolving credit card accounts originated by GE Money Bank, formerly known as Monogram Credit Card Bank of Georgia (Monogram).
is transferring its Card Center activities, which include credit card issuance, processing, billing, and collection functions, to GE Capital and its wholly-owned Monogram Credit Card Bank of Georgia.
The ratings reflect the series certificate's interest in the assets of the master trust, the quality of the receivables, the credit enhancement provided, the sound legal and cash flow structures, and the servicing capabilities provided by Monogram Credit Card Bank of Georgia.
Offer is subject to credit approval by the Monogram Credit Card Bank of Georgia.