ABS Loan Facility Aims To Ease Consumer Credit

The Federal Reserve Board today introduced the Term Asset-Backed Securities Loan Facility, a $200 billion credit facility designed to increase the availability of consumer credit and encourage renewed issuance of consumer ABS.

  • 25 Nov 2008

--Leela Parker

The Federal Reserve Board today introduced the Term Asset-Backed Securities Loan Facility, a $200 billion credit facility designed to increase the availability of consumer credit and encourage renewed issuance of consumer ABS. Borrowers can access the TALF funding through the Fed’s primary dealers on a monthly basis ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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3 Wells Fargo Securities 88,516.28 265 9.47%
4 JPMorgan 69,113.88 208 7.39%
5 Credit Suisse 51,313.00 155 5.49%