Sentences with phrase «commercial paper backed»

On the plus side, new rules aimed at cooling Canada's housing market may lead to increased sales in the C$ 15 billion ($ 11 billion) market for commercial paper backed by residential mortgages, analysts said.

Money - market funds, which are big buyers of commercial paper, are spooked by possible contagion from subprime mortgages, or risky home loans granted to low - credit home buyers, and are shunning commercial paper backed by assets.

Not exact matches

The regulatory morass leads to endless chatter when swift policy action is required (as in the 2007 asset - backed commercial paper crisis).

In 2007 Scotia came to the rescue of Canada's DundeeWealth, which had gotten into trouble when the asset - backed commercial paper market collapsed.

But it took a serious PR hit from the asset - backed commercial paper fiasco.

During difficult market conditions, such as the asset - backed commercial paper crisis in the summer of 2007 and the global financial crisis of late 2008, the BAX has consistently provided customers with price transparency, liquidity and central counterparty guaranteed transactions.

The committee was set up by the major institutional investors to salvage about $ 32 billion invested in a type of short - term note, commonly called asset - backed commercial paper, that couldn't be redeemed.

We're talking about Cowtown's other notable Brian Hunter, the oil industry engineer who forced Bay Street to stop ignoring the average folks who collectively and unwittingly dumped hundreds of millions of dollars into the now frozen market for asset - backed commercial paper (ABCP).

Together, countless everyday folks unwittingly dumped hundreds of millions of investment dollars into the now - defunct market for asset - backed commercial paper.

Even with a prospectus, however, you can bet Hunter won't be holding any more ABCP, which he now unaffectionately calls «asshole - backed commercial paper.»

That approach saw CWB turn down the opportunity to invest in asset - backed commercial paper offered by the likes of Lehman Bros. and Merrill Lynch, thus sparing it from the 2007 meltdown that caused huge writedowns at its larger peers.

Stock in structured - finance firm Coventree lost more than half its value Tuesday after it said various Coventree - sponsored trusts could not fund maturities of Canadian asset - backed commercial paper due to what it called a «market disruption.»

Holdings of problematic asset - backed commercial paper were restructured, and investors we obliged to accept their losses: no public funds were involved.

Posted by Arun DuBois under asset backed commercial paper, banks, federal budget, interest rates, monetary policy.

Posted by Arun DuBois under asset backed commercial paper, banks, economic crisis, financial markets, global crisis, interest rates.

Posted by Arun DuBois under asset backed commercial paper, financial markets, monetary policy.

This includes things like special - purpose vehicles (SPVs) created by banks to take assets off their balance sheet and fund them using asset - backed commercial paper (ABCP).

Posted by Arun DuBois under asset backed commercial paper, banks, monetary policy.

Posted by Arun DuBois under asset backed commercial paper, banks, economic crisis, federal budget, fiscal policy.

CFIA's Asset - Backed Commercial Paper vehicles issue highly rated short - term notes to investors.

The Bank has also begun to accept both short - and long - term securities backed by residential mortgages — asset - backed commercial paper (ABCP) and residential mortgage - backed securities (RMBS) respectively — as collateral.

As has been the case overseas, conduits in Australia issuing asset - backed commercial paper (ABCP) have been among the entities most affected by the recent volatility in credit markets.

Part of the answer is that in September, the RBA extended the range of collateral that is eligible for its open market operations to include residential mortgage - backed securities (RMBS) and asset - backed commercial paper (ABCP).

But recall, Canadian authorities didn't see the asset - backed commercial paper fiasco coming.

Florida is reported to have had 20 % of its investments in this type of asset - backed commercial paper.

«They got into the coffee business in the 1950s when George Bunn created a flat bottom paper coffee filter that led to the first coffee brewers back in the 1950s and the first commercial iced tea brewer to use real leaves versus instant mix in the 1960s.

Back in the 1960s, they sometimes brought the surviving withdrawal rates below that of 100 % commercial paper (i.e., money market funds).

Asset - backed commercial paper [ABCP] makes up 50 % of all money market fund assets, and those claims will have to be rolled over the next 1 - 3 months.

Asset Backed Commercial Paper [ABCP].

With asset backed commercial paper, some conduits are extending the dates that they will repay their obligations.

Prior to this decision, CIBC was one of the most exposed Canadian banks when it came to asset - backed commercial papers — the investment vehicle that prompted the 2007/2008 real estate market crash in the US.

As a result, the Commercial Paper market is showing some life, even for asset backed commercCommercial Paper market is showing some life, even for asset backed commercial pPaper market is showing some life, even for asset backed commercialcommercial paperpaper.

It's happened time and again with US mortgage bonds, asset backed commercial paper, income trusts (except that time it was the government that blew it up), dot - gone stocks, yada yada.

Fed officials affirmed Friday that the central bank will now accept asset - backed commercial paper, ultra-short term corporate IOUs backed by assets ranging from credit card receivables to mortgages.

«Reliable sources of statistical information do not exist with respect to the default rates for many of the types of collateral debt securities eligible to be purchased by the Issuer,» say both the 2005 and 2006 CDO prospectuses backing commercial paper held in the funds.

Under the clarification, issued verbally by New York Fed officials to market participants in the last day, banks may pledge asset - backed commercial paper for which they also provide the backup lines of credit.

For those of you who have been following the turmoil in the money markets, the problem stems from a near - complete repudiation of asset - backed commercial paper, which constitutes roughly half of commercial paper outstandings.

When the asset - backed commercial paper market shut down in August 2007 because of the credit crunch, Coventree ceased operations and announced that it would wind down its business.

The Federal Reserve will extend non-recourse loans of up to $ 230 billion to banks and other depository institutions to buy investment - grade asset - backed commercial paper from money market mutual funds.

The asset - backed commercial paper [ABCP] market is a small slice of the total commercial paper market, and those financing subprime mortgage receivables are smaller still.

When it was operational, the company was a Canadian specialty finance company that would package and sell non-bank asset - backed commercial paper.

Back on May 13, 2002, it was generally accepted that the 30 - Year Safe Withdrawal Rate with a fixed allocation of stocks and commercial paper was 4.0 % of the initial balance (plus inflation).

The expiration date of the Asset - Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF), the Commercial Paper Funding Facility (CPFF), the Primary Dealer Credit Facility (PDCF), and the Term Securities Lending Facility (TSLF) is extended through February 1, 2010.

Do you remember what happened with mortgage - backed securities and commercial papers?

The Federal Reserve Board announces that it will extend three liquidity facilities, the Primary Dealer Credit Facility (PDCF), the Asset - Backed Commercial Paper Money Market Fund Liquidity Facility (AMLF), and the Term Securities Lending Facility (TSLF) through April 30, 2009.

The Federal Reserve Board announces the creation of the Asset - Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) to extend non-recourse loans at the primary credit rate to U.S. depository institutions and bank holding companies to finance their purchase of high - quality asset - backed commercial paper from money market mutual Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) to extend non-recourse loans at the primary credit rate to U.S. depository institutions and bank holding companies to finance their purchase of high - quality asset - backed commercial paper from money market mutCommercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) to extend non-recourse loans at the primary credit rate to U.S. depository institutions and bank holding companies to finance their purchase of high - quality asset - backed commercial paper from money market mutual fPaper Money Market Mutual Fund Liquidity Facility (AMLF) to extend non-recourse loans at the primary credit rate to U.S. depository institutions and bank holding companies to finance their purchase of high - quality asset - backed commercial paper from money market mutual backed commercial paper from money market mutcommercial paper from money market mutual fpaper from money market mutual funds.

The Commercial Paper Funding Facility, Asset - Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, Primary Dealer Credit Facility, and Term Securities Lending Facility programs expire.

Exposure to the asset - backed commercial paper market may have an adverse affect on our liquidity

Instead of being financed by deposits in commercial banks, the loans were funded by repurchase agreements, popularly called «repos,» and asset - backed commercial paper or ABCP.

The commercial paper is backed by the expected cash inflows from the receivables.