Asset-backed commercial paper (ABCP) conduit to securitize r

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
12,024
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Mar 20, 2008

Notable features of the ABCP include: 1. Cash flow mismatch between receivables (without maturities, non interest bearing) and commercial paper (CP) notes issued to investors (floating-rate, with maturities) makes the credit and liquidity support critical. 2. It is a "continuous conveyance" vehicle: the conduit (special purpose entity) is purchasing receivables and issuing CP to investors on a rolling basis.

Category:

Education

Tags:

License:

Standard YouTube License

  • likes, 0 dislikes

Link to this comment:

Share to:
see all

All Comments (10)

Sign In or Sign Up now to post a comment!
  • We are an company that produces a physical asset we think qualifies for securtization, how would we engage a company to create a securities financial product?

  • @dakshinamurti The Company I work for Manages these conduits. Check us out at gssnyc.com

  • this one helps me understand ABCP clearly~especially the relationship between conduit and sellers~and the investors

  • This is like invoice finance which makes these videos even more helpful to prepare me for my work experience. Innovative

  • Great Video.

    Can you clarify where the support comes from? Is it banks or financial intermediaries that are lending the conduit money in order to ensure the conduit's credit and liquidity? Also, is that the only way the bank or sponsor is linked to the conduit? What does the blue dotted line represent?

    Thank you

  • What a nice piece of work!

    Now, I'm going to look at the CDO video. . .

    Thank you!

  • Nice. Just to make sure i Get it: It is not the company thatE issues the commercial paper, but the SPV (abcp conduit)? Who controls the SPV? Is it the Company or the Bank? I suppose the company... Either way, can you clarify on how do companies (or originators in other kinds of products) control the SPVs? Are they like, stockholders for the SPV? I don't even know if the capital of the SPV is made of stock or not... I know it's bankruptcy remote, but how is it controlled by the originators then?

  • do you have any idea how the fed has set up their asset backed commercial paper?

  • You are so awesome! Your description is clear and concise!

    Thanks!!!!

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more