As the Canadian ABS market expands, Services Financiers CDPQ, a Montreal-based firm that promotes and develops Quebec's mutual fund industry, along with Toronto-based Coventree Capital is set to bring mutual fund-fee securitization into Quebec, starting with a transaction likely to hit second quarter.

"What we have done is developed a product that will come to market either as a term or a commercial paper transaction depending on what is best for the particular client," said David Ellins, a principal at Coventree.

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