Counting the cost

SPV ruling


After more than a decade of exuberant growth, the US asset-backed commercial paper market may now be under threat from a recent ruling by the US accountancy regulator. The regulator’s abandonment of rules-based standards in favour of a looser principles-based approach has left the market asking questions about what the finer points of the ruling mean for them.

Last December, the asset-backed commercial paper (ABCP) market – short-term debt backed by receivables – was worth $726 billion, more

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: