How long will the FDIC guarantee of senior unsecured debt last?
For debt issued before the extension, the FDIC guarantee lasts until the earlier of the maturity of the debt or June 30, 2012, unless an entity opts out of the debt guarantee component of the Temporary Liquidity Guarantee Program. In that event, the debt guarantee will expire when the FDIC’s receives the opt-out decision. For debt issued under the extension approved on March 17, 2009, qualifying entities may issue debt through October 31, 2009, with the guarantee expiring the earlier of maturity or December 31, 2012. For debt issued under the emergency guarantee facility through April 30, 2010, the guarantee will expire on the earlier of the maturity date or December 31, 2012.
Related Questions
- Is senior unsecured debt issued under the FDICs Temporary Liquidity Guarantee Program (TLGP) or the NCUAs Temporary Corporate Credit Union Liquidity Guarantee Program (TCCULGP) eligible to pledge for discount window or payment system risk collateral purposes?
- Is senior unsecured debt issued under the FDICs Temporary Liquidity Guarantee Program (TLGP) eligible to pledge for discount window or payment system risk collateral purposes?
- How long will the FDIC guarantee of senior unsecured debt last?
