Without a home on the domestic side, European commercial paper (ECP) investors have increasingly found shelter in the U.S.

The U.S. was able to support the European short-term market throughout the economic crisis because of its deeper and more mature investor base and via the U.S. Federal Reserve's Commercial Paper Funding Facility (CPFF).

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.