Abstract: The ABCP market has gone from obscure to potentially systemic in a matter of weeks. We see considerable exposure to this sector, both from traditional investors but also from the banking system with its contingent liabilities to ABCP.

Brief Excerpt: All About ABCP - Uncovering the Systemic Risks Recent turmoil in the ABCP market has exposed a serious Achilles heel in the global credit markets The liquidity and maturity mismatch inherent in ABCP programs is now being exposed, raising...

Report Type: Strategy Article
Source: CreditSights Inc
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 CreditSights
CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.