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What does asset-backed commercial paper mean?

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asset-backed commercial paper

Commercial paper (CP) issued by a bankruptcy-remote special purpose vehicle (SPV) and whose interest and principal payments are derived from the cash flows from a pool of medium- to long-term financial assets, with the SPV using the proceeds from the sale of the securities to pay for the underlying assets it purchased from one or more asset seller-originators.

Paper is a mass word and rarely used correctly in the plural form.
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