The Federal Reserve Bank of New York has released a revised Master Loan and Security Agreement (MLSA) and updated Frequently Asked Questions (FAQs). The MLSA sets forth the requirements and obligations of TALF borrowers and TALF Agents. The changes will be effective as of November 5, 2020.
The TALF was established to increase credit availability and support economic activity by facilitating issuance of asset-backed securities (ABS), thereby increasing the availability of credit to households and businesses. Additional information about the TALF will be posted to the New York Fed’s webpage as it becomes available.
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For more information, see: