Date Closed

September 17, 2012

Lead Office

Toronto

Value

1.05 Billion CAD

On September 17, 2012, CARDS II Trust completed a sale of Series 2012-4 Credit Card Receivables Backed Floating Rate Class A Notes in the amount of US$1 billion  (the “Class A Notes”) and Series 2012-4 Credit Card Receivables Backed Floating Rate Class B Notes in the amount of C$1,050,695,000.

CARDS II Trust is a special-purpose securitization vehicle that issues credit card receivables backed notes to finance the purchase of credit card receivables originated by Canadian Imperial Bank of Commerce.

McCarthy Tétrault LLP acted as Canadian counsel to CARDS II Trust, with a team led by Marc MacMullin.