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| ''COVID-19 - Global Financial Crisis (GFC) - US Treasury.''
| | Tokyo Interbank Offered Rate. |
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| TALF is an abbreviation for Term Asset-Backed Securities Loan Facility.
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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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| 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 == | | == See also == |
| * [[AAA]] | | * [[EURIBOR]] |
| * [[Asset backed finance]] | | * [[LIBOR]] |
| * [[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]]
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| [[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]]
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| [[Category:Liquidity_management]]
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Revision as of 08:36, 20 May 2013
Tokyo Interbank Offered Rate.
See also
