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Term Sheet for Primary Dealer Credit Facility (PDCF) Borrower Eligibility
• Only primary dealers of the New York Fed are eligible to participate in the PDCF. Eligible Collateral
• Collateral eligible for pledge under the PDCF includes all collateral eligible for pledge in open market operations (OMO); plus investment grade corporate debt securities, international agency securities, commercial paper, municipal securities, mortgage-backed securities, and asset-backed securities; plus equity securities. Foreign currency-denominated securities are not eligible for pledge under the PDCF at this time.
• Collateral that is not priced by the clearing bank will not be eligible for pledge under the PDCF.
• Additional collateral may become eligible at a later date upon further analysis.
Term Sheet for Primary Dealer Credit Facility (PDCF) Borrower Eligibility
• Only primary dealers of the New York Fed are eligible to participate in the PDCF. Eligible Collateral
• Collateral eligible for pledge under the PDCF includes all collateral eligible for pledge in open market operations (OMO); plus investment grade corporate debt securities, international agency securities, commercial paper, municipal securities, mortgage-backed securities, and asset-backed securities; plus equity securities. Foreign currency-denominated securities are not eligible for pledge under the PDCF at this time.
• Collateral that is not priced by the clearing bank will not be eligible for pledge under the PDCF.
• Additional collateral may become eligible at a later date upon further analysis.