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FCA Handbook
Glossary
asset backed commercial paper programme

asset backed commercial paper programme

171 154a programme of securitisations (within the meaning of paragraph (2) of the definition of securitisation) the securities issued by which predominantly take the form of commercial paper with an original maturity of one year or less.

[Note: Part 1 of Annex IX of the Banking Consolidation Directive (Securitisation definitions)]154

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asset backed commercial paper programme