United States: COVID-19 - Federal Reserve releases an expanded set of Frequently Asked Questions regarding the Primary Market Corporate Credit Facility and the Secondary Market Corporate Credit Facility

In brief

Analysis of the information included in the expanded set of Frequently Asked Questions regarding the Federal Reserve’s Primary Market Corporate Credit Facility and the Secondary Market Corporate Credit Facility.


Contents

On 4 May 2020, the Federal Reserve the Federal Reserve released an expanded set of Frequently Asked Questions (FAQs) regarding the Primary Market Corporate Credit Facility (PMCCF) and the Secondary Market Corporate Credit Facility (SMCCF).  These facilities are being provided to provide liquidity to businesses in response to the COVID-19 pandemic.

The FAQs now include details that had not been included in the term sheets for the PMCCF and the SMCCF published on 9 April 2020.

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