Bank of Canada establishes period for temporary eligibility of non-mortgage loan portfolios for collateral purposes
Further to the Bank's announcement on 14 October 2008 of new measures to provide liquidity to the Canadian financial system as part of the G7 action plan, the Bank has established the period for the temporary eligibility of non-mortgage loan portfolios for collateral purposes.
- Effective 20 October 2008 through to 2 November 2009, the Bank of Canada will accept an assignment of non-mortgage loan portfolios as eligible collateral for LVTS and standing liquidity facility purposes.
- Further details of this initiative were released on 17 October 2008
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