Conduit concerns

Taiwan credit


Participants in Taiwan's asset-backed commercial paper (ABCP) conduit market have never had it easy. The transactions were born out of necessity to resolve the country's bond fund problems - caused by wrongly placed bets on inverse-floater and range-accrual notes - at a time when credit spreads proved to be unsustainably narrow. The highly demanding structures stand as a blemish on Taiwan's financial landscape.

With the arrival of a global reassessment of risk caused by the US subprime crash in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

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 individual account here