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Will the debt guarantee component of the Temporary Liquidity Guarantee Program cover unsecured debt to affiliates? Will debt to affiliates be counted in the 125 percent limit?

April 26, 2017Affiliates component cover debt guarantee liquidity program Temporary unsecured debt

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Will the debt guarantee component of the Temporary Liquidity Guarantee Program cover unsecured debt to affiliates? Will debt to affiliates be counted in the 125 percent limit?

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No, the guarantee will not cover debt to affiliates, including parents and subsidiaries, and institution-affiliated parties and that debt will also not be counted in the 125 percent cap.