DBRS Updates Transaction Summary of Merit Trust, Prime Trust, Zeus Receivables Trust and Banner Trust, Transaction #60

DBRS Limited (DBRS) has today released an updated Transaction Summary report that provides details of Transaction 60 within Merit Trust, Prime Trust, Zeus Receivables Trust and Banner Trust, as part of its ongoing efforts to increase the transparency of reporting on asset-backed commercial paper (ABCP) conduit activity. The collateral supporting Transaction 60 consists of a portfolio of conventional and insured residential mortgages originated by a Schedule I bank and its subsidiary in Canada.

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The applicable methodologies are Rating Canadian Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages; Rating Canadian ABCP and Related Enhancement Features; Legal Criteria for Canadian Structured Finance; and Derivatives Criteria for Canadian Structured Finance, which can be found on our website under Methodologies.