October 17, 2008
        
Bank of Canada Initiative to Allow Substitution of Canadian-Dollar Non-Mortgage Loan Portfolio for Current LVTS Collateral
            This note briefly explains the Bank of Canada initiative to allow Large Value  Transfer System (LVTS) participants to substitute their non-mortgage loan  portfolio for current LVTS collateral, which is composed of marketable  securities that have collateral value outside of the LVTS.