What types of debt instruments does the debt guarantee component of the Temporary Liquidity Guarantee Program guarantee?
Under the program, for the period from October 13, 2008 through December 5, 2008, eligible debt is unsecured borrowing that: a. is evidenced by a written agreement or trade confirmation; b. has a specified and fixed principal; c. is noncontingent and contains no embedded options, forwards, swaps, or other derivatives; and d. is not, by its terms, subordinated to any other liability. After December 5, 2008, eligible debt is unsecured borrowing that: a. is evidenced by a written agreement or trade confirmation; b. has a specified and fixed principal; c. is noncontingent and contains no embedded options, forwards, swaps, or other derivatives; d. is not, by its terms, subordinated to any other liability; and e. as a stated maturity of more than 30 days.
Related Questions
- Is there a fee assessed on entities that do not opt out of the debt guarantee component of the Temporary Liquidity Guarantee Program, but choose not to issue new debt?
- Can the proceeds of debt guaranteed under the debt guarantee component of the Temporary Liquidity Guarantee Program be used to prepay debt that is not guaranteed?
- What types of debt instruments does the debt guarantee component of the Temporary Liquidity Guarantee Program guarantee?
