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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?

April 26, 2017Commercial determine fed issuer maximum new york paper SPV time

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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?

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Upon registration with the CPFF, the issuer will be required to certify the maximum amount of U.S. dollar-denominated commercial paper it had outstanding on any day between January 1 and August 31, 2008. The New York Fed retains the right to verify that maximum amount.