![Asset-Backed Commercial Paper (ABCP)](https://img-cdn.financeunlocked.com/headers-images/financeunlocked/2.jpg?ik-sdk-version=javascript-1.0.3)
Asset-Backed Commercial Paper (ABCP)
ABCP is commercial paper (CP) issued by a bankruptcy-remote Special Purpose Vehicle SPV (known as a conduit) and collateralised by pools of underlying collateral, which consist of the same types of receivables underlying asset-backed securities (cf.). CP is a short-term instrument with maturities less than one year.