TORONTO, April 29,
2024 /PRNewswire/ - CIBC (TSX: CM) (NYSE: CM)
today announced an amendment to its CARDS II securitization
program. Canadian Imperial Bank of Commerce and other
parties to the CARDS II Trust credit card receivables
securitization program have amended the program to allow
revenue from Mastercard credit card accounts to be
included in the securitization program,
in addition to the Visa credit card accounts that are currently the
only type of account in the securitization program.
This is not an offer to sell or a
solicitation of any offer to buy any securities. Offers are made
only by prospectus or other offering materials. The securities
issued by CARDS II Trust have not been registered under the U.S.
Securities Act of 1933, as amended, or any applicable state
securities laws in the United
States.
About CIBC
CIBC is a leading North American financial institution with 14
million personal banking, business, public sector and institutional
clients. Across Personal and Business Banking, Commercial Banking
and Wealth Management, and Capital Markets and Direct Financial
Services businesses, CIBC offers a full range of advice, solutions
and services through its leading digital banking network, and
locations across Canada, in
the United States and around the
world. Ongoing news releases and more information about CIBC can be
found at www.cibc.com/ca/media-centre.
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SOURCE CIBC
