In response to the COVID-19 pandemic and the passage of the CARES Act, the Federal Reserve has taken unprecedented measures to calm the markets. The BDA continues to take proactive steps to guide the Feds response.
All BDA advocacy including direct Fed correspondence can be found here.
Please find below links to Term Sheets on all facilities the Fed has introduced:
- Municipal Liquidity Facility
- Money Market Mutual Fund Liquidity Facility
- Primary Market Corporate Credit Facility
- Secondary Market Corporate Credit Facility
- Commercial Paper Funding Facility
- Main Street New Loan Facility
- Main Street Expanded Loan Facility
- Term Asset Backed Securities Loan Facility
- Paycheck Protection Program Lending Facility
Bond Dealers of America
April 16, 2020