New TALF Interest Rates and May 5 Operation Date Announced
Two new interest rates for loans under the Term Asset-Back Securities Loan Facility (TALF) were unveiled today by the Federal Reserve Board. The rates will apply to certain loans secured by asset-backed securities (ABS) and will take effect under the upcoming May 5, 2009 TALF operation date. Subscriptions will be accepted on May 5, 2009, with a May 12, 2009 settlement date, and a May 14, 2012 maturity date. The term is three years.
Click here for the Federal Reserve Board's press release, and click here for the Federal Reserve Bank of New York's press release.
Click here for the revised TALF Form, and click here to compare it with the prior version.
Click here for the revised Term Sheet, and click here to compare it with the prior version.
Lastly, click here for the revised Frequently Asked Questions (FAQs), and click here to compare it with the prior version.
