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Structured Finance In Brief

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CMBS 2.0 IN FOCUS: Liquidity Facilities – the wild child of CMBS 2.0

By Iain Balkwill on 18 August 2015

In the second of a series of blogs, in which we address the evolution of CMBS structural features, we will consider the most (arguably) integral form of credit enhancement for any CMBS deal, the liquidity facility.

Liquidity facilities are structured as 364 day committed revolving credit lines that can be drawn by a CMBS issuer…

Posted in ABS, CMBS, Securitisation

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