The list of eligible securities for these transactions includes the marketable securities accepted for the Standing Liquidity Facility (SLF) with the following exceptions:

• Special Deposit Accounts held at the Bank of Canada will not be accepted.


• Bank-sponsored affiliated ABCP meeting the Bank of Canada's criteria will be accepted on a temporary basis.


• Corporate bonds with long-term issuer credit ratings below A (low) by DBRS, A- by S&P; and A3 by Moody's, so long as the minimum long-term issuer ratings are at least two of the following: BBB or higher by DBRS, BBB or higher by S&P; or Baa2 or higher by Moody's will be accepted.

The eligible securities for these transactions will consist of Canadian-dollar denominated:

• Bankers' acceptances and promissory notes, including those of foreign issuers, (maximum term, 364 days) with a minimum issuer credit rating of R1 (low) by the Dominion Bond Rating Service (DBRS), or A-1 (mid) by Standard and Poor's (S&P;), or P1 by Moody's Investors Service (Moody's).


• Commercial paper, including that of foreign issuers, (maximum term, 364 days) with a minimum issuer credit rating of R1 (low) by DBRS, or A-1 (mid) by S&P;, or P1 by Moody's.


• Asset-backed commercial paper (ABCP) of eligible programs, with a minimum of two credit ratings, at least two ratings that are either R1 (high) by DBRS, A-1 (high) by S&P;, P1 by Moody's, or F1+ by Fitch Ratings.

The eligible securities for these transactions will consist of Canadian-dollar denominated:

• Bankers' acceptances and promissory notes, including those of foreign issuers, maximum term, 364 days) with a minimum issuer credit rating of R1 (low) by the Dominion Bond Rating Service (DBRS), or A-1 (mid) by Standard and Poor's (S&P;), or P1 by Moody's Investors Service (Moody's).


• Commercial paper, including that of foreign issuers, (maximum term, 364 days) with a minimum issuer credit rating of R1 (low) by DBRS, or A-1 (mid) by S&P;, or P1 by Moody's.


• Asset-backed commercial paper (ABCP) of eligible programs, with a minimum of two credit ratings, at least two ratings that are either R1 (high) by DBRS, A-1 (high) by S&P;, P1 by Moody's, or F1+ by Fitch Ratings.


• Corporate bonds with a minimum long-term issuer credit rating of A (low) by DBRS, or A- by S&P;, or A3 by Moody's.


• Corporate bonds with long-term issuer credit ratings below A(low) by DBRS, A- by S&P; and A3 by Moody's, so long as the minimum long-term issuer credit ratings are at least two of the following: BBB or higher by DBRS, BBB or higher by S&P; or Baa2 or higher by Moody's.

** As of March 16, 2009, this facility was discontinued and replaced with the Term PRA for Private Sector Instruments.