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

Further to the DBRS Limited press release issued on September 23, 2011, DBRS Limited rating reports for newly issued ratings (provisional or final) with respect to Canadian asset-backed securities (ABS) will include 17g-7 disclosure in order to comply with Rule 17g-7, which was adopted by the U.S. Securities and Exchange Commission under the Securities Exchange Act of 1934. As indicated in the September 23, 2011, press release, DBRS Limited intends to comply with Rule 17g-7 by producing a disclosure document for each newly issued Canadian ABS rating that includes (1) a benchmark created by DBRS Limited with respect to the particular Canadian ABS type that includes representations, warranties and enforcement mechanisms available to investors upon a breach of those representations and warranties (the DBRS Limited 17g-7 Benchmark) and (2) the relevant excerpts from the representations, warranties and enforcement mechanisms available to investors under the related Canadian ABS transaction documents.

The representations, warranties and enforcement mechanisms available to investors that have been included in the DBRS Limited 17g-7 Benchmarks were based on a review of sample transaction documents, have been paraphrased to include only the substantive portions of the relevant provisions and have been formulated in plain English and a user-friendly manner.

In connection with Rule 17g-7, DBRS Limited has today published a commentary featuring sample DBRS Limited 17g-7 Benchmarks for the following asset classes: equipment loan and lease ABS, equipment floorplan ABS, residential mortgage-backed securities (RMBS) and auto loan ABS. These sample DBRS Limited 17g-7 Benchmarks are for informational purposes only and, as of the date of this publication, are subject to change.

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