New York Fed Announces the First Wave of Firms Selected To Broaden Its Counterparty Base for CPFF and SMCCF
September 10, 2020
September 10, 2020
NEW YORK, Sept. 10 -- The Federal Reserve Bank of New York issued the following news release on Sept. 9:
The Federal Reserve Bank of New York today announced the first wave of additional counterparties that it has selected to support the Commercial Paper Funding Facility (CPFF) and the Secondary Market Corporate Credit Facility (SMCCF). By widening the eligibility criteria for counterparties to these 13(3) facilities, the New York Fed is furthering its commitment to support diversit . . .
The Federal Reserve Bank of New York today announced the first wave of additional counterparties that it has selected to support the Commercial Paper Funding Facility (CPFF) and the Secondary Market Corporate Credit Facility (SMCCF). By widening the eligibility criteria for counterparties to these 13(3) facilities, the New York Fed is furthering its commitment to support diversit . . .