Canadian Federal Budget Announces Structured Finance Developments
Monday, March 08, 2010
The Canadian federal budget has several important announcements from a structured finance standpoint. Among other things, it confirms the expiry of the C$12 billion Canadian Secured Credit Facility but at the same time introduces several smaller programmes that will provide new financing options for small and medium-sized financing companies. The federal government also promised to introduce legislation to permit financial institutions to issue covered bonds under a prescribed legislative framework, thereby providing greater legal certainty to the rights of covered bond investors. [More Here] |
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