5.20.20
Moments ago, the Federal Reserve Bank of New York announced the first loan subscription date for the Term Asset-Backed Securities Loan Facility (TALF) and released an expanded set of Frequently Asked Questions (FAQs) and other documents pertaining to the facility’s operations. The TALF’s first subscription date for loans backed by eligible ABS will be June 17, 2020, and the first loan closing date will be June 25, 2020.
The New York Fed has also published a Master Loan and Security Agreement (MLSA), which provides further details on the terms that will apply to TALF loans.
SFA is currently reviewing this expanded set of FAQs and new MLSA and will share our analysis with members.
In the meantime, please contact us with any questions.