PHOENIX, Ariz. - The impact on securitization of Enron Corp.'s failure is ultimately unknowable, but is slowly revealing itself, according to industry sources concerned with the contagion.

One source at the ABS West conference confirmed that at least three companies which had intended to sell assets into the ABCP market backed out of the transactions late in the process due to accounting worries linked to the Enron buzzwords: "off-balance-sheet" and "special purpose company."

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