Temporary Liquidity Guarantee Program [TLGP] Law and Legal Definition

TLGP was approved by the Federal Deposit Insurance Corporation (FDIC) Board to help relieve the crisis in the credit markets by giving banks access to liquidity during a time of global financial distress. Participation in the TLGP is voluntary. The TLGP has two components namely Transaction Account Guarantee Program (TAGP) and Debt Guarantee Program (DGP).