Attached files

file filename
EX-35.2 - EX-35.2 - Barclays Dryrock Issuance Trustex35-2.htm
EX-35.1 - EX-35.1 - Barclays Dryrock Issuance Trustex35-1.htm
EX-34.4 - EX-34.4 - Barclays Dryrock Issuance Trustex34-4.htm
EX-34.3 - EX-34.3 - Barclays Dryrock Issuance Trustex34-3.htm
EX-34.1 - EX-34.1 - Barclays Dryrock Issuance Trustex34-1.htm
EX-33.4 - EX-33.4 - Barclays Dryrock Issuance Trustex33-4.htm
EX-33.3 - EX-33.3 - Barclays Dryrock Issuance Trustex33-3.htm
EX-33.2 - EX-33.2 - Barclays Dryrock Issuance Trustex33-2.htm
EX-33.1 - EX-33.1 - Barclays Dryrock Issuance Trustex33-1.htm
EX-31.1 - EX-31.1 - Barclays Dryrock Issuance Trustex31-1.htm
10-K - 10-K - Barclays Dryrock Issuance Trustc113804.htm

Exhibit 34.2

Report of Independent Registered Public Accounting Firm

The Board of Directors

Barclays Bank plc:

 

We have examined management’s assertion, included in the accompanying Report on Assessment of Compliance with Servicing Criteria, that Barclays Bank plc (the Company or the Asserting Party) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for the asset-backed securities transactions backed by credit card receivables, for which transactions the Asserting Party acted as servicer as of and for the year ended December 31, 2017 (the Reporting Period), that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, where the related asset-backed securities were outstanding during the Reporting Period (the Platform), except for servicing criteria 1122(d)(1)(ii), 1122(d)(1)(iii), 1122(d)(1)(iv), 1122(d)(2)(i), 1122(d)(2)(ii), 1122(d)(2)(iii), 1122(d)(2)(iv), 1122(d)(2)(v), 1122(d)(2)(vi), 1122(d)(2)(vii) 1122(d)(3)(iii), 1122(d)(3)(iv), 1122(d)(4)(i), 1122(d)(4)(ii), 1122(d)(4)(iii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), 1122(d)(4)(xiv), and 1122(d)(4)(xv), which the Company has determined are not applicable to the activities it performs with respect to the Platform (the Servicing Criteria). Appendix B to management's Report on Assessment of Compliance with Servicing Criteria identifies the individual asset-backed transactions and securities defined by management as constituting the Platform. Management is responsible for the Company’s compliance with the Servicing Criteria. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance with the Servicing Criteria based on our examination.

Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants to obtain reasonable assurance and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the Servicing Criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions and securities that comprise the Platform, testing selected servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the Servicing Criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the Servicing Criteria.

In our opinion, management’s assertion that Barclays Bank plc complied with the aforementioned Servicing Criteria as of and for the year ended December 31, 2017 is fairly stated, in all material respects.

 

/s/ KPMG LLP

Philadelphia, Pennsylvania

March 23, 2018