January 29, 2015 / 8:49 PM / in 3 years

Bank of Canada to add certain C$ ABS to approved collateral list

OTTAWA, Jan 29 (Reuters) - The Bank of Canada announced plans on Thursday to add certain Canadian-dollar denominated term asset-backed securities to the list of eligible collateral under the central bank’s Standing Liquidity Facility.

The acceptable asset-backed securities would include those backed by residential mortgages. The change is slated to take effect on March 31.

Reporting by Randall Palmer

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