Here to support your rapid deployment for a solution to meet the demands of the NY Federal Reserve TALF 2020 Program.
In connection with the most recent global financial crisis, the Federal Reserve Bank of New York (NY Fed) recently announced that up to $100 billion of loans will be made available to holders of asset-backed securities (ABS). The Term Asset-Backed Securities Loan Facility (TALF) program is based upon a similar program originally implemented in 2008.
- Full details of the program have yet to be finalized.
- Launching new funds can be time-consuming.
- The NY Fed has set a September 30, 2020 deadline for eligibility to participate.