Orlando, Fla. - Although the participants at the opening panel of IMN's conference were generally predicting a dip in ABS volume for 2007 - from 5% to 10% - they said that derivative product will drive issuance going forward.

The market has changed from a focus on cash transactions to synthetic and CDO offerings. Participants also pointed to the CDO bid as the reason why ABS market spreads remain historically tight.

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