The Creation of the US Term Asset-Backed Securities Loan Facility (TALF)

Thursday, December 4, 2008
8:00 a.m. - 8:30 a.m. PST
10:00 a.m. - 10:30 a.m. CST
11:00 a.m. - 11:30 a.m. EST
4:00 p.m. - 4:30 p.m. GMT

On November 25, 2008, the Federal Reserve Board announced the creation of the Term Asset-Backed Securities Loan Facility (TALF). Under the TALF, the Federal Reserve Bank of New York will lend up to $200 billion on a non-recourse basis to holders of certain AAA-rated asset-backed securities (ABS) backed by newly and recently originated consumer and small business loans. The TALF will help market participants meet the credit needs of households and small businesses by supporting the issuance of ABS that are collateralized by student loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration.

Please join us for a 30-minute teleconference, the next in our continuing series on the crisis, which will address such topics as:

  • What potential opportunities does TALF offer issuers and investors?
  • What issues do the Federal Reserve and Treasury face to successfully implement TALF?
  • What are the potential effects of TALF on the markets?

Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.

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For additional information, please contact Megan Filotto at or
+1 312 701 7264.

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