Medium-term notes program

Multiseller securitization conduits typically issue short term commercial paper or medium term notes in the capital markets to fund their purchases of receivables from originators. See, e.g.. Corporate Asset Funding Co., Inc., Fitch Investors Service, Structured Finance, New Issue, June 15,1992, at 81 (discussing Corporate Asset Funding Co., Inc. s 7 billion commercial paper and medium term note program) Mark H. Adelson, Asset-Backed Commercial Paper Understanding the Risks, Moody s Investors Service, Structured Finance, Special Report, Apr. 1993. 

The Pfandbrief market is comprised of several types of issues in addition to the aforementioned traditional and Jumbo Pfandbriefe, there are Global issues and a variety of Structured issues and the latest enhancements to the product range by the way of Medium-Term Note (MTN) and Commercial Paper (CP) programs. 

A number of medium- to long-term enviromnental monitoring networks and programs have been developed over the past 4 decades in the United States, all of which have had to deal with network design issues noted here. Some of these efforts are summarized in Table 5.3. As indicated in Table 5.3, some programs have emphasized random or partially random designs, whereas others have utilized nonrandom designs but based on specific site criteria. 

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