Over the years, there have been significant fluctuations in the asset-backed commercial paper market, however, the market has also demonstrated its resiliency and adaptability. Collateralized commercial paper and commercial paper conduit programs have recently become increasingly significant. Asset-backed commercial paper levels for 2021 increased approximately 9% over the prior year, and are on pace for another significant increase in 2022.

During this session moderated by Mayer Brown partner, Jason Elder, we will discuss the various trends contributing to increased interest in commercial paper financing, as well as regulatory and legal issues, including the following:

  • Commercial paper in a rising interest rate environment marked by heightened volatility
  • Money market reform and related developments
  • Series CP issuers
  • Regulatory capital treatment for financial institutions
  • Repo issues
  • Securities law issues, continuous issuances, and security interest issues

Guest Speakers:
Stewart Cutler
Head of Money Markets Origination
Barclays Capital

Ian Rasmussen
Managing Director and Co-head of Asset Backed Securities Ratings
Fitch Ratings

For additional information about this event, please contact Hanson Hairihan at hhairihan@mayerbrown.com.

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