TORONTO, March 31 (Reuters) - Nine Canadian banks, including
the nation's six biggest lenders, have begun accessing the
central bank's new liquidity facility, the Canadian Bankers
Association said on Tuesday.
The Standing Term Liquidity Facility, which the Bank of
Canada launched on Monday, allows eligible financial
institutions to borrow from the central bank by pledging
collateral, including mortgages, to fund new lending.
Bank of Montreal, Canadian Western Bank,
Canadian Imperial Bank of Commerce, Equitable Bank
, HSBC Bank Canada, National Bank of Canada
, Royal Bank of Canada, Bank of Nova Scotia
and TD Bank Group are accessing the facility,
the industry group said.
(Reporting By Nichola Saminather
Editing by Denny Thomas and Chizu Nomiyama)
HSBC Holdings (HSBA)
