Hoping to shore up its two structured investment vehicles (SIVs) as it continues to liquidate the assets in those vehicles, BMO Capital Markets said it would provide liquidity support for the repayment of senior notes that secure the Links Finance and Parkland Finance programs.

The bank has been trying to sell the assets in Links and Parkland since last summer, when an erosion of investor confidence disrupted the asset-backed commercial paper (ABCP) and SIV markets. Since last July, the assets in Links have been reduced to $12.3 billion, from $23.4 billion; Parkland saw its holdings drop to 1.2 billion ($1.7 billion) from 3.4 billion. The liquidity facilities will be capped at about $11 billion for Links and 1.2 billion for Parkland.

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