asset-backed commercial paper program
Noun
AE


An arrangement under which a special purpose vehicle (SPV) is established to acquire and hold medium- to long-term financial assets from one or more originator-sellers, with the assets being financed through the sale of ABCP by the SPV (conduit) to outside investors.

Synonym(s): 
  • ABCP program.
  • [BE]: asset-backed commercial paper programme
    .