Is there a minimum or maximum maturity limit for ABS that can collateralize TALF loans?
There is no minimum limit. If an ABS’s maturity is shorter than the three-year maturity of the TALF loan, the TALF loan will mature upon maturity of the ABS collateral for that loan. The average life for credit card, auto, equipment, floorplan, or servicing advance receivable loan ABS cannot be greater than five years.
There is no minimum maturity limit. If an ABS’s maturity is shorter than the three-year or five- year maturity of the TALF loan, the TALF loan will mature upon maturity of the ABS collateral for that loan. The average life for credit card, auto, equipment, floorplan, premium finance, or servicing advance receivable loan ABS cannot be greater than five years. The average life for a CMBS cannot be greater than ten years.
There is no minimum maturity limit. If an ABS’s maturity is shorter than the three-year or five- year maturity of the TALF loan, the TALF loan will mature upon maturity of the ABS collateral for that loan. The average life for credit card, auto, equipment, floorplan, premium finance, or servicing advance receivable loan ABS cannot be greater than five years. The average life for CMBS cannot be greater than ten years.