Bid tape is common market shorthand for a structured, electronic summary of assets offered in a portfolio transaction. Prospective buyers use it to review information about the loans or accounts being offered while considering a bid. The term may refer to the seller-provided information file, not to a bid itself. Its contents and level of detail vary by asset class and sale; it is not a universally defined legal term.
Debt Buying & Portfolio Sales
Canonical Defined Term
Bid Tape
IN PLAIN WORDS
Sources listed on this page
A bid tape is a structured electronic summary of assets offered for sale in a receivables or loan portfolio transaction, provided to prospective buyers to evaluate the portfolio and formulate pricing.
HOW IT IS USED
How this term is used
Why this matters
A bid tape gives prospective buyers a shared starting point for understanding what is offered and forming a price view, while organizing information for review. Seller-provided data can be incomplete or differ from underlying records, so the tape should be treated as summary information and considered alongside transaction documents and source records. Consumer-debt rules, treatment of commercial claims, and state law can differ.
FAQ
What does Bid Tape mean?
A bid tape is a structured electronic summary of assets offered for sale in a receivables or loan portfolio transaction, provided to prospective buyers to evaluate the portfolio and formulate pricing.
Is Bid Tape defined by a statute?
This entry uses an operating or accounting definition. It does not cite a statute, because the term is not stated here as one statutory category.
What else is Bid Tape called?
Other names used for this term include Portfolio bid tape, Loan bid tape, Receivables data tape, Account-level bid tape.
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