Change in eligibility requirements for National Housing Act Mortgage-Backed Securities (NHA MBS) as collateral under the Bank of Canada's Standing Liquidity Facility (SLF): Minimum pool size lowered to $25 million from $75 million

Effective immediately, the minimum pool size for eligibility of NHA MBS as collateral under the Bank of Canada's SLF will be lowered to $25 million from $75 million. Current margin requirements that apply to NHA MBS will be applied to all eligible pool sizes.

Note: The Bank of Canada will be reviewing the margins applied to all securities pledged as SLF collateral, including NHA MBS. The results of this review will be announced by the end of June 2009 at the latest.

For further information, please contact at 613 782-8782