How will the issuance limits on credit card ABS and auto dealer floorplan ABS be enforced?
Issuers of credit card ABS and auto dealer floorplan ABS must state in their prospectuses that the aggregate amount of eligible ABS they have issued does not exceed the amount of their 2009 ABS maturities. Issuers may issue ABS in excess of their 2009 maturities; however, these excess amounts will not be eligible collateral for TALF loans.
Related Questions
- How will the issuance limits on credit card, floorplan, premium finance, and auto ABS (issued by a master trust) be enforced?
- How will the issuance limits on credit card ABS and auto dealer floorplan ABS be enforced?
- How will the issuance limits on credit card ABS and dealer floorplan ABS be enforced?
