Federal Reserve Announces $2.3 Trillion in Loans To Help Businesses
In light of the developing coronavirus pandemic, the Federal Reserve has created several programs to support the corporate credit, asset-backed securities, money market, and commercial paper markets. These temporary programs backstop markets through the purchase or funding of highly rated securities. National Law Review discusses the key terms and mandate of each program in this memorandum.
SFA has updated our TALF Comparison to reflect these changes, available here.
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