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Bank of Nova Scotia LOC supports TransAlta hedges

University Of Illinois System Offices logoUniversity Of Illinois System Offices
Document date
Mar 31, 2025

The 30-second brief

What it covers

A $2.50 million letter of credit from The Bank of Nova Scotia secures the University’s exposure to TransAlta Energy Marketing (US) Inc. electricity hedges. This LOC enables TransAlta to remain an approved counterparty under a policy exception.

Who holds it

Bank of Nova Scotia holds this financial services contract with University Of Illinois System Offices. Its other public contracts on record include work for Township of The North Shore and Town of Picture Butte.

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Contract details

Contract type
Financial Services
Document date
March 31, 2025
Vendor
Bank of Nova Scotia
Agency
University Of Illinois System Offices
Source document
University of Illinois System Report Derivatives Dashboard 2025-03-31 (Report)

Bank of Nova Scotia's other public contracts

Township of The North Shore, ONTownship Maintains Credit Facility with Bank · Oct 21, 2026Town of Picture Butte, CanadaRegulator Confirms Scotiabank Branch Closure Compliance · Aug 10, 2026UndisclosedMunicipality of Central Elgin, CanadaMunicipality reinvests funds with Bank of Nova Scotia · Aug 7, 2026Town of Whitecourt, CanadaBanking Services Agreement Extension Recommended for Approval · Jun 15, 2026UndisclosedTown of Grimsby, CanadaGrimsby Holds Long-Term Bank of Nova Scotia Bond · May 28, 2026UndisclosedAll Bank of Nova Scotia contractsVendor profile

More University Of Illinois System Offices contracts

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Questions about this contract

Who was awarded the financial services contract by University Of Illinois System Offices?

Bank of Nova Scotia was awarded this financial services contract by University Of Illinois System Offices, as recorded on March 31, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in University of Illinois System Report Derivatives Dashboard 2025-03-31 (Report), dated March 31, 2025 from University Of Illinois System Offices. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of Nova Scotia hold?

Bank of Nova Scotia may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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