CIBC Confirms its Support of its Bank-Sponsored Asset-Backed Commercial Paper Programs
TORONTO, Aug. 21 /CNW/ - In line with the joint statement issued earlier today by the Canadian banks to ensure that markets for bank-sponsored Asset-Backed Commercial Paper (ABCP) continue to perform satisfactorily, CIBC reaffirmed its support of its bank-sponsored Asset-Backed Commercial Paper programs (Crisp Trust; Franchise Trusts I and II; Macro Trust; Safe Trust; Smart Trust; and Sound Trust). CIBC also announced today that it will be providing these bank-sponsored Trusts with global style liquidity, reflecting its continued support of these Asset-Backed Commercial Paper conduits. A NOTE ABOUT FORWARD-LOOKING STATEMENTS This news release may contain forward-looking statements. These forward-looking statements include, but are not limited to, statements about our operations, financial condition, strategies and outlook of CIBC. A forward-looking statement is subject to inherent risks and uncertainties that may be general or specific. A variety of factors, many of which are beyond CIBC's control could cause actual results to differ materially from the expectations expressed in CIBC's forward-looking statements. Readers should not place undue reliance on CIBC's forward-looking statements. CIBC does not undertake to update any forward-looking statement that is contained in this news release.
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