What is Asset-Backed Commercial Paper Money Market Fund Liquidity Facility – AMLF?
A lending program created by the Federal Reserve Board on September 19, 2008, that will provide new funding to U.S. financial institutions until October 30, 2009. The Asset-Backed Commercial Paper Money Market Fund Liquidity Facility (AMLF) provides funding that allows financial institutions to purchase asset-backed commercial paper (ABCP) from money market mutual funds (MMMF) to prevent default on investors’ redemptions. Read more for examples and further explanation including related video clips and also comments
Example explains Asset-Backed Commercial Paper Money Market Fund Liquidity Facility – AMLF
The acronym AMLF is generated by taking the first letters from the first two acronyms ABCP (asset-backed commercial paper) and MMMF (money market mutual fund). The letters “”AM”” are then combined with the acronym for liquidity facility, “”LF””.
[tubepress mode=’tag’, tagValue=’Asset-Backed Commercial Paper Money Market Fund Liquidity Facility – AMLF invest’]