Signs of some "improved flows" have returned to the asset-backed commercial paper market that was damaged by the recent U.S. credit crunch sparked by subprime mortgage woes, according to American and European securitization groups.The American Securitization Forum and the European Securitisation Forum said they have been working to restore the smooth functioning of the ABCP markets and are offering "detailed information and education on transaction-specific assets, structural details and liquidity backstops" to that end. The organizations can be found on the Web at http://www.americansecuritization.com and http://www.europeansecuritisation.com.
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