New York Fed Revises TALF Master Loan and Security Agreement

November 30, 2009

The following summarizes the changes made to the MLSA from the November 13, 2009 posting:
  • Revises the definition of "Market Price” to provide that in no event shall the Market Price of an Item of Collateral with a Redemption Option (exercisable at a price less than par) exceed 105% of par.

  • In connection with the effectiveness notification posted by FRBNY to the TALF Website regarding the extension of the Payment Date with respect to Loans made after October 30, 2009 to the second Business Day (rather than the first Business Day) following each Determination Date, references to such “TALF Loan Payment Date Change Date” have been removed from the MLSA.

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View MLSA pdf