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Asset-backed securities: Keeping the market alive

Author: Conor Downey

16 Oct 2008 | 01:15 | secure

The vast majority of new issues in the European capital markets in recent months have been asset-backed securities (ABS) specifically designed to qualify for repurchase agreement 'repo' financing with the European Central Bank (ECB). The global credit crunch has virtually halted the refinancing by b ...

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