American Securitization Forum See "Light at the End of the ABCP Tunnel". On Wednesday, the American Securitization Forum, the trade group representing asset-backed commercial paper issuers, held its Global Summit on the State of the Securitization Industry. Over 800 attendees in New York, London and via Webinar listed to a panel of experts give an update on current events. "We are seeing light at the end of the tunnel," said Credit Suisse' Maureen Coen. The ABCP segment covered the crisis timeline and noted that extendible ABCP that has extended made up less than 2% of the ABCP market, SIV-lites made up less than 1/2%, and plain SIV (structured investment vehicles) under duress make up less than 1% of the market. Coen added, "We need to have a broader discussion outside the ABCP community." Another panelist added, "Clearly, we've done a miserable job in explaining why securitization works."
