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Credential Securities Inc. has finalized the details of a relief program to repurchase at par value restructured third-party Asset-Backed Commercial Paper (ABCP) from eligible Credential Securities and Credential Direct clients invested in ABCP.

This site provides current information on the Credential Securities Relief Program under Relief Program Description and Frequently Asked Questions (FAQ). In addition, background information on the ABCP market situation is available at ABCP Background. Throughout this website, all references to Credential Securities include Credential Direct.

We empathize with all investors who have been affected by the unprecedented situation of the Asset-Backed Commercial Paper market. Throughout this period, Credential Securities and our partner credit unions have worked hard to support our clients. We are now committed to assisting clients in understanding the specifics of the Relief Program.

We encourage you to check in with us regularly, as we will be updating the site with information about the Credential Securities Relief Program as it becomes available.