DBRS Updates Transaction Summary 29 for Bay Street Funding Trust

DBRS Limited (DBRS) released an updated transaction summary report that provides details on Transaction 29 of Bay Street Funding Trust, which is secured by a portfolio of short-term, non-interest-bearing trade receivables arising from the day-to-day operations of the Originator. The update reflects a program limit reduction from $100,000,000 to $50,000,000 and an increase in the credit enhancement floor.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal methodologies are Rating Canadian Trade Receivables Securitization Transactions, Legal Criteria for Canadian Structured Finance and Rating Canadian ABCP and Related Enhancement Features, which can be found on dbrs.com under Methodologies.

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