The Federal Reserve Board (the "FRB") published FAQs concerning the recently established Commercial Paper Funding Facility ("CPFF").
The FRB stated that "the purpose of the CPFF is to enhance the liquidity of the commercial paper market by increasing the availability of term commercial paper funding to issuers and by providing greater assurance to both issuers and investors that firms and municipalities will be able to roll over their maturing commercial paper." The FRB included a video primer on the CPFF.
Originally published April 27, 2020
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