Monthly Canadian ABCP Report: August 2019
As at August 2019, the asset-backed commercial paper (ABCP) market declined by 2.0%, bringing the total outstanding to $31.5 billion. It was on par with the level in December 2018 and down from $32.1 billion in July 2019.Auto-related deals and residential mortgage programs continue to represent the majority of total assets funded within ABCP conduits, with auto-related deals accounting for 43.6%, followed by residential mortgage programs (insured mortgages and conventional mortgages) at 31.7% and home equity lines of credit at 7.2%.
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