Hollis Receivables Term Trust - $905 Million

This transaction involved the securitization of The Bank of Nova Scotia’s personal lines of credit. $905 million of medium-term asset-backed notes were issued in this tranche (September 1999), with more issues to follow. McCarthy Tétrault acted as counsel to the Bank of Nova Scotia and Hollis Receivables Term Trust with the McCarthy team being comprised of Stephen D.A. Clark, James Archer, Adam Slater (corporate) and Gabrielle M.R. Richards (tax). Tory Haythe acted for the underwriters, Scotia Capital Markets. The Tory team was comprised of Michael K. Feldman, Candy L. Saga, Adam E. Delcan, and Simon C. Knowling.