TERM SECURITIES LENDING FACILITY - TSLF

Lending facility, created and managed by the Federal Reserve, allowing primary dealers to borrow 28-day term Treasury securities using an eligible collateral. The qualified securities for collateral are AAA to Aaa mortgage-backed securities, and must have tri-party repurchase agreements. In turn, the dealers will get a basket of Treasury general collateral, which includes Treasury bills, bonds, notes, and inflation-index securities from the central bank’s open market account.