The outbreak of foot-and-mouth disease in Argentina may have been one of the factors in the recent pulling of a beef receivables-backed privately placed ABS transaction for Swift Armour S.A. Argentina, which was launched early in the first quarter of 2001. (See ASR 2/12/01 p. 26).

The deal has been in the market since the third quarter of 2000, and some buysiders say that the key issue was the structure of the deal, not the epidemic.

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