DBRS Limited Publishes Sample 17g-7 Benchmarks for Canadian ABS Transactions

Effective September 26, 2011, the DBRS Limited rating reports for newly issued ratings for Canadian asset-backed securities (ABS) will include 17-g7 disclosure, a benchmark created by DBRS Limited for each relevant Canadian ABS and excerpts from the representations, warranties and enforcement mechanisms available to the investors under the related transaction documents. The commentary published today includes sample DBRS Limited benchmarks for auto floorplan transactions, credit card securitizations, fleet leasing transactions and home equity line of credit transactions.

For more information, see the press release “DBRS Provides Expanded Disclosure on Representations, Warranties and Enforcement Mechanisms for New Asset-Backed Securities Ratings” released earlier today.

A copy of this commentary is available by contacting us at info@dbrs.com.