Fed Eases Terms Under Which It Lends To Primary Dealers to Reduce Financial Market Stress |
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Fed Eases Terms Under Which It Lends To Primary Dealers to Reduce Financial Market Stress The Fed announced on September 14 it would accept more risky assets as collateral from primary dealers to provide funds under the Primary Dealer Credit Facility (PDCF) and Term Securities Lending Facility (TSLF). The Fed now accepts a broader range of securities such as those used in the tri-party repo systems of the two clearing banks, which includes equity securities and non-investment grade debt
Filed under: Fundamental
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