The crystal ball into the asset-backed market for the fourth quarter and the year 2000 has revealed larger than expected volumes, a continued globalization of the asset-backed market, and a heightened focus on corporate risk, say experts.

Market sources are now saying that ABS volume is expected to surpass expectations in the fourth quarter, as investors have done a lot to dissipate the Y2K fears of issuers by expressing the need for a place to put their money. Student loan issuers such as Mellon Bank, Education Loans Inc. and Union Financial Services are expected to bring added volume to the student loan sector, and, according to sources, equipment lease players intend to be out before the millenium in full force.

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