Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How are variable funding notes (VFNs) with commitment termination dates in 2009 treated in the calculation of the amount of an issuers credit card or floorplan ABS maturing in 2009?

April 26, 2017calculation commitment credit card dates funding issuer notes termination treated vfns

0

Posted

How are variable funding notes (VFNs) with commitment termination dates in 2009 treated in the calculation of the amount of an issuers credit card or floorplan ABS maturing in 2009?

1 Answer

0

Posted

For TALF purposes, a VFN’s maturity date is its commitment termination date and its amount is its maximum contractual principal balance, regardless of whether the VFN is renewed.