Some of these funds appear to have used asset-backed securities to boost the yield.
Another 37% of the total is pooled asset-backed securities, which are usually issued by leasing companies.
And confidence in credit-card asset-backed securities is pretty firm despite paralysis in other corners of structured finance.
Some of that collateral, now mostly asset-backed securities, is so illiquid that it has yet to be unwound.
On November 25, 2008, the Federal Reserve Board announced terms for the Term Asset-Backed Securities Loan Facility (TALF).
The big help has come from selling asset-backed securities, bunches of loans backed by assets like car loans.
It has sold some of its duff loans, mainly in the form of asset-backed securities to institutional investors.
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In contrast, our forthcoming asset-backed securities program, a joint effort with the Treasury, is not purely for liquidity provision.
And its balance sheet is burdened with distressed asset-backed securities and mounting credit losses in its consumer lending division.
Specific to the asset-backed securities and mortgage-backed securities market, April data showed the 22nd consecutive month of year-over-year declines.
Some of the new financial instruments also confront investors with a problem largely absent from traditional asset-backed securities: moral hazard.
Bill Heskett, managing director of asset-backed securities for Bank of America Merrill Lynch, is also bullish on solar securitization.
The SEC has eliminated some references to ratings from Depression-era laws and has proposed reducing their importance to asset-backed securities.
Just like mortgages and auto loans have been bundled into asset-backed securities and sold to investors, so can solar leases.
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It is also creating a facility, supported by the Federal Reserve, for asset-backed securities which could relieve banks of bad loans.
Their database is composed of Treasury issues, federal agency issues, mortgages, corporate bonds, municipal bonds, money market funds and asset-backed securities.
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With the bond market becoming too expensive, GMAC has turned to sales of asset-backed securities and whole loans to raise cash.
Recreating its backstops for money-market funds, commercial paper and asset-backed securities might require such stringent conditions that no one would participate.
Asset-backed securities have worked fine with financing things like auto loans and equipment leasing, notes New York securities lawyer Chris DiAngelo.
The Fed offered to expand its emergency lending program to help commercial banks finance the purchase of asset-backed securities from the funds.
Some banks have suspended withdrawals from funds invested in other asset-backed securities.
The entire asset-backed securities market would have never gotten off the ground.
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For some banks, the combined issuance of asset-backed securities and commercial paper (short-dated securities) amounted to about half of all their loans.
So it's recently moved into asset-backed securities, launching the CQS ABS fund.
Lehman's exposure to mortgage- and asset-backed securities and collateralized debt obligations is 400% of its tangible common equity, according to research by Sanford Bernstein.
The trouble is, the banks suspect that even worse problems may be lurking, especially in the asset-backed securities markets where most have invested heavily.
For instance, she said, the agency recently proposed new rules for credit rating agencies and for the reporting of the specific investments behind asset-backed securities.
So far, asset-backed securities represent less than 1% of Google's cash.
Asset-backed securities are incredibly complex structured investments that, before they could be sold to the public, required myriad legal, regulatory, tax and other opinions and approvals.
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Many of the more exotic asset-backed securities, by contrast, are based not on earned-but-uncollected cash, such as monthly mortgage payments, but on forecasts of future earnings.
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