National Bank of Canada intends to provide global-style liquidity facility to Fusion Trust
Montreal, 12 October 2007 -
National Bank of Canada has announced that it intends to convert its current backstop liquidity facility to its bank-sponsored asset-backed commercial paper conduit, Fusion Trust, to a global-style liquidity facility. National Bank of Canada provides an active secondary market for Fusion Trust which has not suffered any liquidity issues. Fusion Trust holds only traditional Canadian assets.
About National Bank of Canada
National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more than $124 billion in assets and, together with its subsidiaries, employs 17,169 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA). For more information, visit the Bank’s website at www.nbc.ca.
Information (The telephone number provided below is for the exclusive use of journalists and other media representatives):
Director – Public Relations
National Bank of Canada