ABCP

Highlights

• 12 May 2021
  • Outstandings for EMEA ABCP rose by 18% to $105.1 billion in the second half of 2020, exceeding pre-pandemic issuance levels.
    After dropping to below $90 billion in June 2020, EMEA ABCP issuance peaked up again during H2 2020. The $16.1 billion increase from June 2020 was largely driven by $15.1 billion increase in multi-seller conduit issuance. Conduits added 66 new sellers in H2 2020 with an aggregate commitment of $9.9 billion. Trade receivables continued to represent the dominating asset type in EMEA ABCP multi-seller portfolios.  Full Report​
• 8 Apr 2021
  • ABCP – US: Sector Update – H2 2020: Credit quality stable while outstandings remain steady in Q4 2020
    There was little change in outstandings at the end of 2020 compared with a year ago. Outstanding issuance in the US continued to drop through the end of 2020 after spiking early in the pandemic. Four new programs emerged in the second half of 2020 and conduits continued to finance a diversified mix of commercial and consumer assets.  Full Report​
• 27 Oct 2020
  • Outstandings for EMEA ABCP fell by 10% to $89.0 billion in first half of 2020
    The decrease was driven by a $12.9 billion fall in multi-seller conduit issuance, which was partially offset by a $2.9 billion increase in repo conduits' issuance. Conduits added 45 new sellers in H1 2020 with an aggregate commitment of $5.6 billion. Trade receivables continued to represent the dominating asset type in EMEA ABCP multi-seller portfolios.  Full Report​