NEW YORK, March 21, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been appointed indenture trustee, registrar and paying agent by Capital One for its $750 million issuance of asset-backed securities (ABS) supported by credit card receivables. In its role, BNY Mellon Corporate Trust will provide a variety of services for Capital One, including processing principal and interest payments and maintaining bondholder records. "Capital One has had a long standing relationship with BNY Mellon's corporate trust organization. This issuance continues that relationship, which we look forward to continuing and enhancing in the future," said Eric Bauder, vice president of capital markets funding at Capital One. "We are well positioned to support issuers who are taking advantage of a renewed credit card ABS market. We look forward to working with Capital One as part of our focus on working with the most respected credit card brands in the country," said Sonal Patel, managing director of financial institutions at BNY Mellon Corporate Trust. As of December 31, 2012, BNY Mellon Corporate Trust serviced $11.4 trillion in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings. Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.