Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

14 October 2008

Fed announces Commercial Paper Funding Facility program - CPFF


The Federal Reserve announced a program to finance the purchase of unsecured and asset-backed commercial paper from eligible issuers through its primary dealers. 

The Federal Reserve has announced further details of its purchase programme of commercial papers, which provides a broad backstop for the commercial paper market. Beginning on 27 October, the CPFF will fund purchases of commercial paper of 3 month maturity from high-quality issuers. 

 

Under the CPFF, the Federal Reserve Bank of New York will finance the purchase of unsecured and asset-backed commercial paper from eligible issuers through its primary dealers. The CPFF will finance only highly rated, U.S. dollar-denominated, three-month commercial paper.

 

Press release

Terms and conditions

FAQs

 



© Federal Reserve


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment