DBRS Updates Transaction #29 Report of Bay Street Funding Trust

DBRS Limited has today released an updated Transaction Summary report that provides details of Transaction #29 under Bay Street Funding Trust as part of its ongoing efforts to increase the transparency of reporting on asset-backed commercial paper conduit activity. The update reflects an extension of the program which has a funding limit of USD 100 million.

The collateral supporting Transaction #29 consists of short-term non-interest-bearing unsecured trade receivables arising from the day-to-day business operations of a rated industrial products seller operating in Canada and the United States.

Notes:
The applicable methodologies are Rating Canadian Trade Receivables Securitization Transactions (November 2014), Legal Criteria for Canadian Structured Finance (August 2014) and Rating Canadian ABCP (August 2014), which can be found on our website under Methodologies.