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Abcp In Canada
Essay specific features
Written by:
Christopher R
Date added:
July 30, 2015
Level:
University
Grade:
A
No of pages / words:
5 / 1241
Was viewed:
8804 times
Rating of current essay:
Essay content:
The first issue is the complexity of this network that arose with the ‘globalization’ of ABCP sales. One key reason for this globalization was the need for a bigger and bigger distribution network due to the enormous development of ABCP before the crisis. During the first steps of ABCP, the market grew up without the need for sellers to watch out for investors...
displayed 300 characters
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During the first steps of ABCP, the market grew up without the need for sellers to watch out for investors. After the development of more complex financial assets that could be packed into an ABCP, this market had become so attractive for lenders that their domestic market could not be the limit. Investment banks were responsible to find a bigger network so that one could exploit the huge potential of extending the ABCP business into the whole world...
displayed 300 characters
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