For the Term Asset-Backed Securities Loan Facility (TALF)
The Williams Capital Group (WCG), an investment banking firm in the US that provides debt and equity underwriting and corporate finance advisory services, has been selected by the Federal Reserve Bank of New York for the Term Asset-Backed Securities Loan Facility (TALF) program.
Reportedly, in its capacity of TALF agent, WCG will have the authority to facilitate the arrangement of loans for eligible borrowers that wish to purchase TALF eligible securities on a non-recourse leveraged basis. WCG expects to perform these activities in conjunction with its participation as an active underwriter on TALF-eligible asset securitization financings.
Christopher Williams, CEO of Williams Capital Group, said:We are honored to have been selected by the Federal Reserve Bank of NY to serve as a TALF agent and look forward to playing a meaningful role in continuing the successful operation of this important program.”