How should an issuer with multiple commercial paper programs determine the maximum amount of commercial paper that the SPV may own at any time?
An issuer with multiple commercial paper programs should determine the maximum amount of commercial paper that the SPV may own at any time by summing outstanding CP across all programs each day between January 1, 2008 and August 31, 2008 and identifying the peak daily amount within that timeframe.
Related Questions
- If an issuer does not intend to sell its maximum allowable amount of commercial paper to the SPV, may it base its facility fee on the amount of commercial paper it intends to sell to the SPV?
- How should an issuer with multiple commercial paper programs determine the maximum amount of commercial paper that the SPV may own at any time?
- How will the New York Fed determine the maximum amount of a single issuer’s commercial paper that the SPV may own at one time?
