DBRS Releases June 2017 Canadian ABCP and Enhanced ABCP Reports

DBRS Limited (DBRS) 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 June 30, 2017.

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 increased by 4.39% during the month of June to $35.6 billion.

Residential mortgage programs and auto-related deals continue to represent the majority of total assets funded within ABCP conduits, with auto-related deals accounting for 38.9%, followed by residential mortgage programs (insured mortgages and conventional mortgages) at 35.9%. The third-largest asset class is trade receivables, representing 5.8%.

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.