Plaza Trust, Transaction 63 Summary
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Summary
DBRS Limited (DBRS Morningstar) released an updated Transaction Summary report that provides details on Plaza Trust’s Series 1 Asset-Backed Commercial Paper Notes, Transaction 63, which is secured by a portfolio of conventional residential mortgages originated by a large mortgage finance company operating in Canada (the Seller). The update reflects certain amendments that have been made to the program documents to change it to a committed program and to no longer allow purchases of insured residential mortgages and National Housing Act mortgage-backed securities respectively originated and issued by the Seller.