Can an entity opt out of just one part of the Temporary Liquidity Guarantee Program?
Yes. An entity can opt out of either the senior unsecured debt guarantee part of the program, the transaction account guarantee part of the program, or both. However, all eligible entities within a U.S. Banking Holding Company or a U.S. Savings and Loan Holding Company structure must make the same decision regarding continued participation in each component of the program (the transaction account guarantee component and the debt guarantee component) or none of the members of the holding company structure will be eligible for participation in that component of the program.
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 one eligible entity opt out while an affiliated entity or parent participates in the Temporary Liquidity Guarantee Program?
- Can an entity opt out of just one part of the Temporary Liquidity Guarantee Program?
