In securities finance, asset backed commercial paper (ABCP) is used for issuers to buy repo or swap assets from dealers and package into rated products to sell to a variety of firms, including back to the dealers themselves. It’s a product structure that buyers can’t get directly due to regulatory or balance sheet restrictions. We take a look at the market’s structure and size.
ABCP and structured products in secfinance are freeing up balance sheet and regulatory constraints
Check out the BIS’s interactive dashboard on GSIB exposures
SFM Interview: repo markets make a splash at Africa’s COP