On 3 August, FlexiGroup New Zealand (FlexiGroup NZ) launched its Q Card Trust 2018-1, asset-backed securities (ABS) transaction. The deal has indicative total volume of NZ$150 million (US$101.1 million), including the NZ$58 million refinancing of the Class A notes from its 2014-3 transaction. The Class A notes may be split into multiple series with differing final maturities.