May U.S. branches of foreign banking organizations sell commercial paper to the SPV?
Yes, if a U.S. branch of a foreign banking organization had commercial paper outstanding between January 1 and August 30, 2008, it may sell commercial paper to the SPV. The U.S. branch may not sell any commercial paper issued by other parts of the banking organization to the SPV. In addition, in determining its issuer limit on the CPFF issuer registration form, the U.S. branch must not include any commercial paper issued by other parts of the organization.
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?
- May U.S. branches of foreign banking organizations sell commercial paper to the SPV?
- What issuers will be eligible to sell commercial paper to the SPV?
