The group's principal activities are to include the purchase, collection, restructuring, resale and securitization of receivable portfolios acquired at deep discounts. The business of the group is of acquiring and servicing charged-off loan portfolios originated by credit card issuers and other financial institutions. The receivable portfolios managed by the group consist primarily of charged-off domestic consumer credit card receivables purchased from national financial institutions and major retail credit corporations. The purchase of receivable portfolios are financed by operations and borrowings from third parties.
