Date Closed

November 30, 2010

Lead Office

Toronto

Value

264.50 Million CAD

On November 30, 2010, Glacier Credit Card Trust, as issuer, Canadian Tire Bank, as seller, and a dealer syndicate led by BMO Nesbitt Burns Inc. and CIBC World Markets Inc., and including, RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc. and National Bank Financial Inc., closed a $264,551,000 public securitization. The notes issued by the trust were backed by a pool of credit card receivables originated by or assigned to Canadian Tire Bank, a direct wholly-owned subsidiary of Canadian Tire Financial Services Limited and an indirect, wholly-owned subsidiary of Canadian Tire Corporation, Limited.

McCarthy Tétrault LLP represented Glacier Credit Card Trust and Canadian Tire Bank, with a team led by Michael McConnell.