DBRS Releases July 2014 Canadian ABCP and Enhanced ABCP Reports

DBRS has today released the enhanced version of the Monthly Canadian ABCP Report (the Enhanced ABCP Report) in conjunction with the Monthly ABCP Report for the month ended July 31, 2014.

The Enhanced ABCP Report offers additional metrics, longer data series, definitions and charts that provide the user with both a numeric and a graphic presentation to allow a quick review of the overall performance and trends for each transaction, as well as benchmarking of transactions within an asset class.

The Enhanced ABCP Report can be accessed from the Monthly Canadian ABCP Report by clicking on the specific deal number within each conduit.

The total outstanding amount in the asset-backed commercial paper (ABCP) market decreased by 0.5% during the month of July 2014, to $29.3 billion.

Residential mortgage programs and auto-related deals continue to represent the majority of total assets funded within ABCP conduits, with residential mortgage programs (insured mortgages and conventional mortgages) accounting for 32.2%, followed by auto-related deals at 27.8%. The third-largest asset class continues to be home equity lines of credit (HELOC), representing 22.9%.

All outstanding programs continue to be well-enhanced and are performing within DBRS’s expectations.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The full report providing additional analytical detail is available by clicking on the link under Related Research at the right of the screen or by contacting us at info@dbrs.com.