The Ethical Funds Company reports that it has made arrangements to divest its holdings of all third-party asset-backed commercial paper (ABCP) in the Credential Money Market Fund.

Over the past week, Ethical Funds has been making arrangements to address the ABCP issue.

The transaction will be priced at par value plus accrued interest. At last trade, the ABCP in the Credential Money Market Fund was worth approximately $4 million.

“This move is in the best interest of investors and will protect investors against uncertainty in the ABCP market,” Ethical said in a news release.

The transaction is subject to approval by the regulatory authorities.