# Asset-Backed Commercial Paper

**IRI:** https://folio.openlegalstandard.org/RBwVZgUU1nbWTCfkaoaMilD

## Labels

**Preferred Label:** ABCP

## Definition

ABCP is a type of short-term debt instrument that is backed by a pool of financial assets, such as trade receivables, auto loans, credit card debt, residential mortgages, or other asset-backed securities (ABS). The maturity of ABCP typically ranges from 1 to 270 days, with an average of around 30 days.

## Sub Class Of

- https://folio.openlegalstandard.org/R9pssJwbQ89wfcLFqq9DWIw

**Deprecated:** False