• Asset-Backed Commercial Paper (ABCP)
• Term Asset-Backed Securities (ABS)
• Structured Finance Research

Asset-Backed Commercial Paper (ABCP)

As of December, 2010, outstanding ABCP in Canada totalled CAD 25 billion – approximately 8% of the Canadian short-term debt market, including government and non-government paper. (Source: DBRS Limited)

Canadian conduits currently administered by our team include:

Term Asset-Backed Securities (ABS)

BMO Capital Markets pioneered the Canadian term ABS market in 1991, and since then we have been instrumental in its ongoing evolution. We have structured securitizations involving such diverse asset classes as:

Retail and wholesale auto loans Credit card receivables Computer leases Equipment leases Conventional residential mortgages Mutual fund fees Personal lines of credit

Our firm led the development of key ABS technology, including the now-standard concurrent lease and co-ownership technologies, and the companion class structure. In addition to these structural innovations, we completed a number of industry firsts:

The world's first mutual fund fee securitization Canada's first ABS transaction to incorporate subordinated notes Canada's first public term securitization of wholesale auto receivables Canada's first public retail auto ABS issuance to incorporate a revolving origination period Canada's first public term securitization of agricultural and construction floorplan receivables

Structured Finance Research

Investors and issuers need consistent, timely, and accurate information. We are committed to providing the most comprehensive information available on the Canadian ABCP market. This information, as well the related trust documents, are available to registered users through our Online Securitization Resources site.