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Honorable Mentions: Zero liquidity conduit takes the repo role

While on the ABCP theme, several structures were unleashed in 2003 that made substantial progress in the elimination of liquidity support.

Perhaps the most notable and ASR's runner-up program for innovation, Georgetown Funding, an ABCP conduit funding mortgage-backed securities for Friedman, Billings, Ramsey Group, is touted as the first...

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