SIFMA provides comments to the Federal Deposit Insurance Corporation (FDIC) on the Interim Rule Implementing the Temporary Liquidity Guarantee Program (TLGP) issued by the FDIC, RIN No. 3064-AD37. SIFMA believes that with modifications this will be an effective tool to fight challenges facing the financial industry. Modifications include: 1) making the guarantee cover principal and interest payments as they become due; 2) making a standard language that issuers and other market participants may use; and 3) developing a process for more timely payment in the event of insolvency.