NEW YORK — Bill Blass did it. So did Guess Inc. Now BCBG Max Azria is in the process of doing it.

The “it” refers to a 25-letter structured finance vehicle called asset-backed securitization (ABS). Fashion firms using this format finance loans backed by the income streams associated with their intellectual property, such as brand trademarks. However, the income stream can also come from other sources, such as the minimums guaranteed under licensing or retail franchising agreements, which then serve as collateral for the so-called ABS.

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