Asset-backed, unlisted securities with a maturity of 360 days or less. They are usually issued by conduits to finance a portfolio of long-term receivables, e.g. mortgage loans. ABCPs are thus discounted securitization papers. – See Asset-backed securities, Commercial papers, Money market segments, Special investment vehicle.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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