structure would meet the definition of "asset-backed security" without limitation.

::(2) "asset-backed securities" will also include securities with a prefunding period of up to one year during which up to 50% of the offering proceeds (or, in the case of master trusts, up to 50% of the aggregate principal balance of the total asset pool whose cash flows support the ABS) may be used for subsequent purchases of pool assets.

::(3) The new rules also include within the definition of "asset-backed security" securities with revolving

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