Panelists at last week's ABCP conference, hosted by the Strategic Research Institute, expect CDOs and other traditionally term ABS vehicles to continue incorporating short-term instruments into their structures, so long as the funding curve remains steep.

"The term market is borrowing technology that has been in the CP market for sometime," said Marilyn Hill, a managing director at Lehman Brothers and moderator at last week's panel on extendable note technology.

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