Asset Backed Securities

The speaker discusses how syndicated bank loans have become the largest sector within the asset backed securities marketplace.

The speaker covers the asset backed commercial paper conduit used by many companies to obtain access to their accounts receivables much faster than the due date. 

The speaker provides a detailed explanation of the defintion of an asset backed security.  He also covers how this security is used by traders.

What are Asset Backed Securities (ABS)?

Similar to the way mortgage backed securities are structured, asset backed securities are also collateralized by assets and have been structured as pass through securities which can have multiple classes, or tranches.