Examples of MLF in a sentence
During its period of operation, the MLF purchased a total of four notes from just two borrowers—the State of Illinois and New York City’s Metropolitan Transportation Authority (“MTA”).
The loans to businesses would defer principal and interest repayment for one year, and the businesses would have to make a “reasonable effort” to retain employees. On April 9, the Fed announced the Municipal Liquidity Facility (MLF) to purchase state and municipal debt in response to higher yields and reduced liquidity in that market.
According to Decision 41/93, the MLF Secretariat was requested to continue to monitor traditional indicators of performance on the basis of trend analysis.
The agencies determined eligibility criteria for the MLF with the aim of providing access to credit through the facility to as many municipalities as possible in the shortest timeframe possible.
Initial direct eligibility was therefore limited to U.S. states and a number of large jurisdictions, while smaller jurisdictions were made eligible to issue notes to the MLF indirectly through another eligible state or municipality.