According to a report issued by Fitch IBCA, one of the major innovations set to hit the asset-backed commercial paper sector is the development of password-protected web sites created by administrators for their ABCP conduits.

The web sites will provide investors with more timely performance and portfolio data, including portfolio characteristics, counterparty rating updates, and compliance with relevant triggers, convenants, and stop-issuance event scenarios, as well as the Securities and Exchange Commission (SEC) Rule 2a7 compliance. This will allow administrators to make information about their ABCP conduits more readily available. While it will be an innovation in the ABCP sector, web sites such these have been in existence for quite some time in the commercial mortgage-backed arena.

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