TORONTO, Aug. 16 /CNW/ - CIBC today issued the following statement
regarding the Asset-Backed Commercial Paper market in Canada.
    "CIBC confirms its support of its bank-sponsored Asset-Backed Commercial
Paper programs (Crisp Trust; Franchise Trusts I and II; Macro Trust; Safe
Trust; Smart Trust; and Sound Trust.)
    "In addition, CIBC said that while its direct holdings in the third-party
Asset Backed Commercial Paper Market are not significant, CIBC is supportive
of the industry restructuring and orderly resolution of the non-bank Asset
Backed Commercial Paper market in Canada."

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