DBRS Updates Transaction 66 Report of Banner, Merit, Prime and Zeus Receivables Trusts

As part of its ongoing efforts to increase the transparency of reporting on asset-backed commercial paper (ABCP) conduit activity, DBRS Limited has today has released an updated Transaction Summary report that provides details of Transaction 66 under Banner Trust, Merit Trust, Prime Trust and Zeus Receivables Trust. The update reflects an increase in the program limit to $1.05 billion.

The collateral supporting Transaction 66 consists of short-term, non-interest bearing, trade receivables arising from the day-to-day operations of a communications company operating in Canada.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodologies are Rating Canadian Trade Receivables Securitization Transactions, Legal Criteria for Canadian Structured Finance and Rating Canadian ABCP, which can be found on our website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.