ABCP Makes the Grade for Bank of Canada.

The article reports that Bank of Canada started soliciting response on its suggested eligibility criteria for consenting ABCP as collateral under its Standing Liquidity Facility (SLF) in Canada. The move by the company undertakes to interpose liquidity into a restrained ABCP market and to boost satisfactory standards of revelation and transparency that would profit all market participants. It is averred that programs must satisfy certain criteria for the Bank of Canada to consider taking ABCP.