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Is there an additional collateralization requirement for longer-term TAF credit?

April 26, 2017additional collateralization credit longer-term requirement TAF

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Is there an additional collateralization requirement for longer-term TAF credit?

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Yes. Additional collateral is required for loans whose remaining maturity exceeds 28 days–for these loans, borrowing only up to 75% of available collateral is permitted. While this requirement is lower than the previous requirement, it is now enforced during the term of the loan in addition to the time of the bid.