| Summary: | 碩士 === 國立臺灣大學 === 財務金融學研究所 === 94 === ABSTRACT
After the first batch of ABCP (Asset Backed Commercial Paper) was on the market, more and more banks and obligators are interested in ABCP’s design and studying. One big push from the market is that ABCP could help the problem of the structured notes and reduce their loss when the interest rate are growing.
In this thesis, the ABCP experience of American, Europe and Japan were studied and predicted the ABCP market from 2006-2009. The results showed that ABCP would grow very fast in 2006 and then would grow smoothly after 2006.
Another approach is to show the possibility for financing of small enterprise (SME) by using ABCP. In this thesis, three structures for ABCP were described and could be with or without Account Receivable for SME. Although there is no ABCP for SME finance until this moment, this thesis would like to show the possibilities and difficulties for processing these ideas.
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