NEW YORK - Despite regulatory uncertainty, the ABCP market is currently showing a record $775 billion in outstandings, according to statistics from the Federal Reserve. Growth in the whole loan mortgage sector and increased interest on the part of CDO managers in conduit funding are expected to fuel the creation of new ABCP programs in 2005, market sources said.

"Reports of the death of the ABCP market have been greatly exaggerated," said Maureen Coen, managing director and global head of ABCP origination at Credit Suisse First Boston, paraphrasing Mark Twain during the opening panel at the Strategic Research Institute's Asset Backed Commercial Paper Summit held here last week.

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