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CIBC World Markets Beefs Up Site with ABS/MBS Info

CIBC Wood Gundy announced the addition of Canadian ABS/MBS information to its CIBC World Markets Web site.

The move was in response to increasing investor demand for timely accurate information and increased disclosure, the company said.

The securitization market in Canada is growing rapidly leading to an increase in investor's demands for access to information, according to David Allan, Managing Director and Head of Canadian Securitization, who "views this as a strong positive step to satisfy investors concerns regarding the timely and accurate disclosure of performance and other information relating to securitized transactions."

Content on the site includes research on Asset-Backed Securities (ABS) and Mortgage-Backed Securities (MBS), MBS valuation information and Portfolio Management Reports for investors in Asset-Backed Commercial Paper (ABCP) issued by conduits managed by CIBC Wood Gundy.

The inclusion of ABS/MBS information on the Internet is a first for a Canadian investment dealer and demonstrates CIBC Wood Gundy's commitment to the future growth of this market, which will depend, in part, on the quality of information available to investors.

CIBC Wood Gundy is the Canadian investment banking arm of CIBC World Markets, which offers credit and capital markets services globally. It is one of the CIBC group of companies, one of the ten largest banks in North America.