by Jean-Baptiste Carelus of the NAIC's Capital Markets Bureau
"ABS comprised a small portion (4%) of fixed income securities outstanding as of second quarter 2018 (see Chart 1). ABS are typically segmented into commercial ABS or consumer ABS. Consumer ABS are supported by auto loans, credit card loans or student loans, among other consumer loans/receivables.This primer focuses on auto ABS, credit card ABS and SLABS; “assets”refers to the underlying loans/receivables that comprise ABS collateral."
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