Term Asset-Backed Securities Loan Facility
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On May 20, 2020, the Federal Reserve Bank of New York (the New York Fed) issued a press release stating that June 17, 2020 will be the first subscription date for loans under the Term Asset-Backed Securities Loan Facility (TALF II), with the first closing date to occur on June 25, 2020. The press release was accompanied by a Master Loan and Security Agreement (MLSA) and a revised set of Frequently Asked Questions (the FAQs), which, together with the terms and conditions announced by the Federal Reserve, will govern the TALF II program. The New York Fed further updated the FAQs on May 26, 2020.
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