[Lender] Transmittal of ED Agreed Upon Procedures (AUP) Guide for the ECASLA Asset Backed Commercial Paper (ABCP) Conduit Put Program - Compliance with Selected Criteria for Putable Loans

[Edington, Rick]

For those of you interested in the Asset Backed Commercial Paper (ABCP)
Conduit Program, attached is the final Agreed Upon Procedures (AUP)
guide.  
 
Let me know if you have any questions.
 
Rick

________________________________

From: Mowdy, Mary 
Sent: Wednesday, April 22, 2009 1:47 PM
To: Edington, Rick
Subject: FW: Transmittal of Issued Dept. of Education Agreed Upon
Procedures (AUP) Guide for the ECASLA Asset Backed Commercial Paper
(ABCP) Conduit Put Program - Compliance with Selected Criteria for
Putable Loans
Importance: High


 

________________________________

From: StraightA Issuer [mailto:StraightA.Issuer at bmo.com] 
Sent: Wednesday, April 22, 2009 1:37 PM
To: StraightA Issuer
Subject: FW: Transmittal of Issued Dept. of Education Agreed Upon
Procedures (AUP) Guide for the ECASLA Asset Backed Commercial Paper
(ABCP) Conduit Put Program - Compliance with Selected Criteria for
Putable Loans
Importance: High



Dear Student Loan Industry,

 

Please find attached the Department's issuance of the final AUP guide
pursuant to Straight-A documentation.

 

Please see the verbage included from the Department below:

 

Attached are PDF and Word versions of the U.S. Department of Education's
Agreed Upon Procedures (AUP) Attestation Engagement Guide for the
Ensuring Continued Access to Student Loans Act of 2008 (ECASLA)
Asset-Backed Commercial Paper (ABCP) Conduit Put Program for Seller's
and Eligible Direct Issuer's Compliance with Selected Criteria for
Putable Loans.  This Guide provides the requirements for AUP engagements
for a Seller or Eligible Direct Issuer that participates in the ABCP
Conduit Put Program. The Guide has been issued today, April 22, 2009.

 

Issued engagements must completely conform to the attached final issued
version of this AUP Guide.

 

We will post this guide at our website as item C.13 at:  
http://www.ed.gov/about/offices/list/oig/nonfed/sfa.html   Posting could
take 24-48 hours. 

 

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