Commerzbank plans to launch an alternative funding platform for German small-to-medium sized firms that will give these businesses access to Schuldschein - borrower notes typically only accessible to larger German corporations.

Under an asset-backed lending program Commerzbank will pool together the borrower notes from a number of German companies and, once sufficient volume is generated, these bonds will be issued into the capital markets to replace the interim funding of the Schuldschein portfolio. The origination process was slated to begin last Friday.

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