ABCP programme definition

ABCP programme means a programme of securitisations, the securities issued by which predominantly take the form of commercial paper with an original maturity of one year or less, as defined in Article 242(9) of Regulation (EU) No 575/2013.
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ABCP programme means a programme of asset-backed commercial paper with an original maturity of not more than one year that is backed by assets or other underlying pool of exposures held in an SPE;
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ABCP programme means a programme of securitisations the securities issued by which predominantly take the form of asset-backed commercial paper with an original maturity of one year or less;
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Examples of ABCP programme in a sentence

  • For example, if a conventional bank licensee buys ABCP where it provides an unfunded securitisation exposure extended to the ABCP programme (e.g. liquidity facility or credit enhancement), and that exposure plays a role in determining the credit assessment on the ABCP, the conventional bank licensee must treat the ABCP as if it were not rated.

  • For the purposes of determining the 100 % coverage set out in this paragraph, the institution may take into account other liquidity facilities in the ABCP programme, provided that they form an overlapping position with the ABCP.

  • For example, a conventional bank licensee providing a liquidity facility supporting 100% of the ABCP issued by an ABCP programme and purchasing (for its own account) 20% of the outstanding ABCP of that programme could recognise an overlap of 20% (100% liquidity facility + 20% CP held – 100% CP issued = 20%).

  • ARC Ratings’ (‘ARC’) Global Asset Backed Commercial Paper (‘ABCP’) Criteria (the ‘Criteria’) lay down the fundamental considerations for any ABCP programme - sometimes referred to as a ‘conduit’ - rated by ARC.

  • Liquidity should always be available to an ABCP programme on a same day basis, given its purpose to cover timing delays.

  • Often liquidity will cover other risk within the ABCP programme, such as seller/servicer risk, legal risks and market value risk, amongst others.In some programmes internal liquidity support may be provided which reduces the need for 100% external liquidity support.

  • At all times, at least 98%[ Z% ] of the aggregate amount of all transactions within an ABCP programme shall fulfil the requirements of Article 12 (1e), (1f), (1g) and (2) of this Regulation.

  • There are a number of different types of ABCP programme structures and support mechanisms, which are detailed in this report.

  • For partially supported programmes, an analysis of the underlying portfolio/transaction, as well as the programme’s structure and support mechanism, is carried out.For any type of ABCP programme repayment is ultimately reliant upon the underlying institution providing the support, whether partially or fully supported.

  • A key part of the analysis is the support provided to the ABCP programme.


More Definitions of ABCP programme

ABCP programme means the programme of commercial paper issued by an ABCP conduit;
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ABCP programme. ( ) means an asset-backed commercial paper programme;
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Related to ABCP programme

  • Programme shall have the meaning set forth in Clause 10.1 (iii);

  • the Programme means the programme leading to the Degree of Master of Laws – LL.M – in International Maritime Law;

  • Maintenance Programme shall have the meaning set forth in Clause 14.3; “Maintenance Period” shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause 14.2;

  • Development Program means the implementation of the development plan.

  • CRAF Program means the Civil Reserve Air Fleet Program authorized under 10 U.S.C. Section 9511 et seq. or any similar or substitute program under the laws of the United States.

  • Video programmer means a person or entity that provides video programming to end-user

  • Learning Programme means a programme of education and/or training delivered by the Provider under this Agreement;

  • Work Programme means the document adopted by the Commission for the implementation of the specific programme28 in accordance with its Article 12 or the equivalent document in content and structure adopted by a funding body.

  • Collaboration Compound means any of the following: (a) FG-4592, (b) any HIF Compound (other than FG-4592) that is added to this Agreement pursuant to Section 3.6, and (c) any salts, esters, complexes, chelates, crystalline and amorphous morphic forms, pegylated forms, enantiomers (excluding regioisomers), prodrugs, solvates, metabolites and catabolites of any of the foregoing ((a) or (b)).

  • Program Plan means the tobacco settlement program plan dated February 14, 2001, including exhibits to the program plan, submitted by the authority to the legislative council and the executive council, to provide the state with a secure and stable source of funding for the purposes designated by section 12E.3A and other provisions of this chapter.

  • DNA profile means a letter or number code which represents a set of identification characteristics of the non-coding part of an analysed human DNA sample, i.e. the particular molecular structure at the various DNA locations (loci);

  • Development Candidate means a Compound that meets the Development Candidate Criteria for the initiation of a Development Program for the treatment of CF, and which is the subject of a notice from Vertex to CFFT that Vertex intends to commence formal pre-clinical development of the Compound in the Field pursuant to the provisions of Section 3.1 hereof.

  • AML Program has the meaning ascribed thereto in Schedule 2.1(F)(8) hereof.

  • Research-based means a program or practice that has some research demonstrating effectiveness, but that does not yet meet the standard of evidence-based practices.

  • Collaboration Target means the Initial Collaboration Targets set forth on Exhibit F and any Additional Target or Substitute Target that is selected in accordance with Section 3.3 of this Agreement.

  • WOSB Program Repository means a secure, Web-based application that collects, stores, and disseminates documents to the contracting community and SBA, which verify the eligibility of a business concern for a contract to be awarded under the WOSB Program.

  • Development Plan has the meaning set forth in Section 3.2.

  • Research Program has the meaning set forth in Section 3.1.

  • Programme Party means a party to a Programme Document (other than the Issuer and ETP Securityholders).

  • Programme of work means the Programme of work submitted by the contractor and approved by the Engineer-in-charge and includes an amendment thereto made from time to time and approved by the Engineer-in-charge;

  • Licensed Program means the executable processing programs of licensed information, which is composed of various modules in the Licensed Software package provided by the Licensor.

  • Collaborative pharmacy practice agreement means a written and signed

  • Research Plan shall have the meaning set forth in Section 2.1.

  • Collaboration has the meaning set forth in Section 2.1.

  • Video programming means programming provided by, or generally considered comparable to programming provided by, a television broadcast station.

  • Pilot program means the pilot program identified and funded through the Funding Agreement and described in that Funding Agreement and its attachments.