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Target Receivables Corporation



1000 Nicollet Mall Fl 31
Minneapolis, MN 55403-2542
Did you ever wonder what happens after you swipe that plastic with the bulls-eye logo on it? Target Receivables Corporation pools consumer receivables generated by Visa and Target-branded credit card accounts issued and serviced by Target National Bank. (Both companies are subsidiaries of the second-largest discount retail chain in the US, Target Corporation, whose corporate mark is red-and-white concentric circles.) Through another affiliate, Target Credit Card Master Trust, institutional investors can participate in portfolios of outstanding consumer debt that are securitized by Target Receivables Corporation, thereby mitigating some of Target's credit default risk.

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