DBRS Morningstar Updates Transaction Summary 63 for Plaza Trust

DBRS Limited (DBRS Morningstar) released an updated Transaction Summary report that provides details on Plaza Trust’s Series 1 Asset-Backed Commercial Paper Notes Transaction 63, which is secured by a portfolio that currently contains conventional residential mortgages originated by a large mortgage finance company operating in Canada. Additional purchases are subject to predetermined eligibility criteria, program triggers, the program limit and satisfaction of the Rating Agency Condition. This update reflects changes to the credit enhancement composition for conventional mortgages to a combination of overcollateralization and cash reserve (both subject to predetermined floors) from a cash reserve (subject to a predetermined floor).

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

The principal methodologies are Rating Canadian ABCP and Related Enhancement Features and Rating Canadian Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages, which can be found on dbrs.com under Methodologies & Criteria.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at [email protected].

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