The amount of Asset Backed Commercial Paper wiped from existence since early August pushed through the $400 billion mark in the week to December 12th. This represents a -34% decline in the ABCP market over the same period. Total ABCP outstanding now stands at $791 billion down from $1,194 billion on August 8th.
Friday 14 December 2007
ABCP loss exceeds $400 billion
Posted by The Fundamental Analyst
Labels: Markets
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