Asset-Backed Commercial Paper

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Asset-Backed Commercial Paper

A short-term debt security issued by a corporation that is collateralized by some asset. In general, asset-backed commercial paper is secured by accounts receivables or something similar. It carries less risk than other commercial paper, which is unsecured. It is a highly liquid investment and forms part of the money market.
References in periodicals archive ?
Global Banking News-October 6, 2011--Sallie Mae completes issue of asset backed commercial paper facility(C)2011 ENPublishing - http://www.
A credit guarantee for 5% of the value of the assets financed by the program is issued by the bank which sponsors the asset backed commercial paper program.
These rating actions follow the completion of Fitch's periodic on-site review of the above mentioned asset backed commercial paper programs sponsored by Citibank.
Canadian securities regulators have fined six banks and brokers for their part in selling Asset Backed Commercial Paper (ABCP).
NEW YORK -- Fitch Ratings affirms the short-term ratings of the following Bank of Tokyo-Mitsubishi UFJ (BTMU; rated 'A+/F1' by Fitch) sponsored asset backed commercial paper (ABCP) programs:
NEW YORK -- Fitch Ratings has withdrawn the 'F1' rating on the asset backed commercial paper issued by Asset One Securitization, LLC.
The ABCP Scorecard is a publication that provides concise summaries and analysis of all asset backed commercial paper vehicles rated by Fitch.
The four principals of CTA have extensive experience managing structured mortgage-backed and other asset-backed portfolios and asset backed commercial paper (ABCP) arbitrage programs.
Standard & Poor's Ratings Services has refined its criteria related to liquidity providers for asset backed commercial paper (ABCP) in Japan.
Fitch Ratings, the international rating agency, has assigned an 'F1+(zaf)' expected national rating to the asset backed commercial paper (ABCP) issued by iNdwa Investments Limited (iNdwa).
Fitch rates Venus Funding Corporation's (Venus) $5 billion asset backed commercial paper program 'F1'.
This CreditWire E-mail is a supplement to Standard & Poor's Print Products (BankRatings Service, Sovereign Ratings Service, Insurance Ratings Service, Structured Finance, and/or Asset Backed Commercial Paper CD) published by Standard & Poor's, a Division of The McGraw-Hill Companies, Inc.