ABCP conduit
Noun
A bankruptcy remote special purpose vehicle (SPV) that is set up by the sponsor of an ABCP program to purchase the receivables and other assets (e.g., rated securities) of its clients with the proceeds of the ABCP it issues.
A bankruptcy remote special purpose vehicle (SPV) that is set up by the sponsor of an ABCP program to purchase the receivables and other assets (e.g., rated securities) of its clients with the proceeds of the ABCP it issues.
Leave A Comment
You must be logged in to post a comment.