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Federal Reserve announces establishment of TALF

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Federal Reserve announces establishment of TALF

Federal Reserve announces establishment of TALF

Mar 26 2020
On March 23, the Federal Reserve has announced the extensive new measure to support the US economy including the establishment of the Term Asset-Backed Securities Loan Facility (TALF), to support the flow of credit to consumers and businesses.

The TALF will enable the issuance of asset-backed securities (ABS) backed by student loans, auto loans, credit card loans, loans guaranteed by the Small Business Administration (SBA), and certain other assets.

Under the TALF, the Federal Reserve will lend on a non-recourse basis to holders of certain AAA-rated ABS backed by newly and recently originated consumer and small business loans.

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