TALF Updates

On January 15, the New York Fed issued revised TALF documents, FAQs and Conflicts of Interest Guidance for TALF Agents.  The Master Loan and Security Agreement was revised to: (i) provide that all releases of Collateral be settled on a “delivery versus payment” basis, (ii) remove the definition of “TALF Loan Payment Date Change Date”, and (iii) amend the definition of “Payment Date”.  New York Fed Release.  MLSA.  MLSA (showing changes).  FAQs.  FAQs (showing changes).  Conflicts of Interest Guidance.  Conflicts of Interest Guidance (showing changes).