7.28.20
Moments ago, the Federal Reserve (Fed) announced an extension through December 31st for its lending facilities, including the Term Asset-Backed Securities Loan Facility (TALF), that were originally set to expired at the end of September. According to the Fed, “the three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue to be available to help the economy recover from the COVID-19 pandemic.”
Additionally, yesterday, the TALF Frequently Asked Questions (FAQs) were updated to include additional information around how new issue SBA ABS purchases are treated for TALF subscription date requirements.
Please contact SFA Policy Team Member Alyssa Acevedo if you have questions.