imported>Doug Williamson |
imported>Doug Williamson |
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| ''COVID-19 - Global Financial Crisis (GFC) - US Treasury.'' | | ''Shipping.'' |
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| TALF is an abbreviation for Term Asset-Backed Securities Loan Facility.
| | Abbreviation for Twenty-Foot Equivalent Unit, a standard measure a ship’s cargo carrying capacity. |
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| It was created in 2008 in response to the Global Financial Crisis, and restarted in 2020 during the COVID-19 crisis.
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| | ==See also== |
| | *[[Documentary collection]] |
| | *[[Twenty-Foot Equivalent Unit]] |
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| The TALF is designed to support the flow of credit to consumers and businesses. Is enables the issuance of asset-backed securities (ABS) backed by student loans, car loans, credit card loans, and certain other assets.
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| Under the TALF, the Federal Reserve lends on a non-recourse basis to holders of certain AAA-rated ABS backed by newly and recently originated consumer and small business loans. The Federal Reserve lends an amount equal to the market value of the ABS less a haircut and will be secured at all times by the ABS.
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| == See also ==
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| * [[AAA]]
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| * [[Asset backed finance]]
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| * [[Federal Reserve]]
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| * [[GFC]]
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| * [[Haircut]]
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| * [[Non-recourse]]
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| *[[TARP]]
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| *[[Treasury]]
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| *[[United States]]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]] | | [[Category:The_business_context]] |
| [[Category:Corporate_finance]]
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| [[Category:Investment]]
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| [[Category:Long_term_funding]]
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| [[Category:Cash_management]]
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| [[Category:Financial_products_and_markets]] | | [[Category:Financial_products_and_markets]] |
| [[Category:Liquidity_management]]
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