After years of relentless decline, asset-backed commercial paper may be on the verge of a comeback.

ABCP is a tool that banks use to warehouse assets for their corporate customers until they can bundle those assets into a securitization. At the height of the crisis, banks sponsoring conduits that issued ABCP had trouble rolling over the paper as investors shunned the instrument, largely a result of certain conduits’ heavy exposure to subprime mortgages. 

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