The recently launched Freedom Park conduit makes use of just about every bell and whistle available to the ABCP market. According to Promontory Group, the parent company of Freedom's administrator, the vehicle is structured to address today's most notable challenges, including changing accounting rules, disappearing liquidity and evolving regulatory capital adequacy guidelines.

For one, Freedom operates without direct bank liquidity support, and, being an independent finance company, Promontory is probably less concerned with consolidation.

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