Asset-backed commercial paper tutorial

Diagrams and everything...David Harper and the great people at Bionic Turtle do a good job of explaining asset-backed commerical paper. Take 5 minutes.

Note: Keep in mind, these trade receivables, which he speaks of, extends to credit card and mortage debt (David speaks in a more broader manner of companies, in general, being owed money by its customers).

Purpose: The whole point of them is to convert money owed to an entity into cash more quickly.