Cantor Fitzgerald & Co. Arranges New Asset-Backed Commercial Paper Program

NEW YORK, May 22, 2012 /PRNewswire/ -- Cantor Fitzgerald today announced that it has arranged a new, fully-supported asset-backed commercial paper program called Institutional Secured Funding (Jersey) Limited ("ISF Ltd.") and Institutional Secured Funding LLC ("ISF LLC"), which together are called ISF.  The program closed on May 4, 2012.  Cantor Fitzgerald Investment Advisors, L.P., an affiliate of Cantor Fitzgerald & Co., acts as Referral Agent for the program. 

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Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co., said, "Cantor is uniquely positioned to expand our already diverse fixed income offering as we continually enhance our platform and leverage our global reach. Our new asset-backed commercial paper program enables us to provide our clients around the world with access to securities and receivable financing, underscoring our commitment to continually serve their needs across the fixed income spectrum."

ISF Ltd. is a bankruptcy-remote, special-purpose vehicle established under Jersey, Channel Islands, law to issue U.S. dollar-denominated standard, callable, puttable, puttable/callable, and extendible U.S. short-term notes. ISF may also issue standard short-term Euro notes denominated in U.S. dollars, Euros, Pound Sterling and other approved currencies.  The U.S. notes are jointly issued with Institutional Secured Funding LLC, which is a bankruptcy-remote special-purpose vehicle established under Delaware law. ISF may issue up to $20 billion of notes.

ISF Ltd. will use the proceeds from the short-term notes issuances to enter into support agreements with major global banks rated at least A-1 and Prime-1 by Standard & Poor's and Moody's, respectively.  The short-term notes will have maturities of up to 397 days and the extendible notes can have initial maturities of up to 397 days and final maturities of up to seven years.  

Tom Sapio, Global Head of Repo Finance for Cantor Fitzgerald & Co., said, "We are excited to add value for our global bank relationships while providing an attractive investment for our fixed income clients."

About Cantor Fitzgerald
Cantor Fitzgerald, a premier global financial services firm at the forefront of financial and technological innovation, has been a proven and resilient leader for over 65 years. Cantor is a preeminent capital markets investment bank serving more than 5,000 institutional clients around the world in institutional equity and fixed income sales and trading and  is recognized for its strengths serving the middle market with investment and merchant banking services, prime brokerage, and commercial real estate financing. Cantor Fitzgerald also is a leader in new businesses and marketplaces including gaming technology, e-commerce, and other ventures. Cantor Fitzgerald & Co. is one of 21 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald's 1,400 employees serve clients through over 30 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East. For more information please visit

Note to Editors: Cantor Fitzgerald, L.P. is the parent entity of Cantor Fitzgerald & Co.

SOURCE Cantor Fitzgerald & Co.