As Easy as A,B,C(P) – Understanding Commercial Paper and Asset-Backed Commercial Paper

Commercial paper is a key funding tool, providing issuers with flexible, short-term access to liquidity. The Asset-Backed Commercial Paper (ABCP) market, in particular, is experiencing significant growth. From collateralized commercial paper vehicles to portfolio financing, the sector is highly active with new platforms and new structures coming to market at pace. This session is designed to help you understand both the basics of Commercial Paper and ABCP as well as the factors driving the growth of the market.

Key areas to be discussed include:

• An overview of Commercial Paper – Euro Commercial Paper, US Commercial Paper and ABCP
• A “typical” ABCP structure and common variations
• An overview of regulatory framework and recent regulatory developments relevant to CP and ABCP in the US, EU and UK
• Common points to look out for in documentation in CP and ABCP programs
• Why is it ABCP a “hot” market?
• An insight into new market trends in the market such as Tokenization

Learn more here.