The credit bubble is over, thanks partly to a buyers' strike for asset-backed commercial paper.

信贷泡沫已经结束，这在一定程度上是由于买方不再理会资产担保商业票据。

youdao

Unfortunately, what we've seen recently is a kind of a bank run on the asset-backed commercial paper.

不幸的是，最近的情况是，有些银行开始运作资产担保商业票据。

youdao

It was their sudden withdrawal that caused the market in asset backed commercial paper (ABCP) to seize up.

正是由于他们从短期债券市场的突然撤出才导致了资产支持商业票据的失灵。

youdao

Unfortunately, what we've seen recently is a kind of a bank run on the asset-backed commercial paper.

不幸的是,最近的情况是,有些银行开始运作资产担保商业票据

耶鲁公开课 - 金融市场课程节选

An SIV is a company of a sort that invests in assets and they issue something like asset-backed commercial paper, but it's not a real company because it only exists as an organization sponsored by some bank.

IV类似从事资产投资的公司,同时也发行类似资产担保商业票据的证券,但它不是一家真正的公司,因为它只是由某家银行建立的一个组织

耶鲁公开课 - 金融市场课程节选

The template is its September 19th announcement that it would finance banks' purchases of asset-backed commercial paper from money-market funds.

ECONOMIST: The Federal Reserve

The hope is that investors will buy into this fund, and it will unfreeze the short-term asset-backed commercial paper market.

BBC: RELATED BBC SITES

The Federal Reserve responded with several programs, including a facility to finance bank purchases of high-quality asset-backed commercial paper from money market mutual funds.

FORBES: The Crisis and the Policy Response