Perimeter Financial Corp.

Perimeter Financial Corp.

November 08, 2007 14:49 ET

Perimeter Financial Announces November 14 Launch Date for ABCP Market

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2007) - Perimeter Financial Corp. is pleased to announce the opening of its Asset Backed Commercial Paper (ABCP) marketplace on November 14, 2007. The market will be operated by Perimeter's wholly-owned subsidiary Perimeter Markets Inc., a member of the Investment Dealers Association of Canada.

"There has been an increasing demand from our customers, and other affected parties, for assistance in creating liquidity in the ABCP markets" said Doug Steiner, Chairman and CEO of Perimeter Financial. "We feel that this is a timely opportunity to leverage the infrastructure and client network within Perimeter to help create a viable market for these instruments."

The market will be open to members of the Investment Dealers Association of Canada and institutional investors wishing to buy, or sell, ABCP holdings. All trading will be done on an anonymous counter-party basis. All limit prices and all post-trade details will be made available to the public.

The following trusts will be eligible for trading: Apollo Trust, Aurora Trust, Comet Trust, Gemini Trust, Planet Trust, Rocket Trust, Slate Trust, Ironstone Trust, MMAI Trust, Silverstone Trust, Structured Asset Trust, Structured Investment Trust III, Skeena Capital Trust, Aria Trust, Encore Trust, Newshore Canadian Trust, Opus Trust, Symphony Trust, Apsley Trust, Devonshire Trust, White Hall Trust and Selkirk Funding Trust.

Additionally, fixed rate notes (FRNs) and bonds subsequently issued by the aforementioned trusts or as output to the restructuring process will be considered based on client demand.

For further information please contact Ken Knowles at (416) 703-7800 ext 352 and he will refer you to the appropriate Perimeter Markets representative. If you are interesting in selling, please provide the CUSIP, name of the trust, series, class and original maturity date.

About Perimeter Financial Corp.

Perimeter Financial Corp. develops technology solutions for the financial services industry, including institutional investors, investment dealers and reporting issuers. It operates two electronic marketplaces - BlockBook™ for the Canadian equity block market, and CBID™ for Canadian fixed income and futures markets. It also provides a suite of service offerings in asset management, record-keeping and reporting.

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