On February 5, 2009, Eagle Credit Card Trust (Eagle) filed a short form base shelf prospectus in each of Canada's provinces and territories to establish a C$1.5 billion credit card receivables-backed note program. Any notes issued pursuant to the prospectus will be backed by a co-ownership interest in a pool of President's Choice Financial MasterCard credit card receivables originated by President's Choice Bank (PC Bank).
Concurrently with the filing of the prospectus, Eagle and PC Bank entered into a dealer agreement with a syndicate of dealers that comprises CIBC World Markets Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc., National Bank Financial Inc., Scotia Capital Inc. and TD Securities Inc.
Further information can be obtained in the prospectus, which is available under Eagle's profile on Sedar.