Notes to the Consolidated Financial Statements
Years ended December 31, 2008 and 2007 (In thousands of dollars, except per share amounts)

13. Credit facilities:

The Company has the following credit facilities:

            Amount drawn
    Year of       at December 31,
  Interest rate maturity   Authorized   2008
TMX Group non-revolving three 30 day and 90 day          
year term facility B.A. + 45 bps 2011      $ 430,000 $ 430,000
TMX Group revolving three            
year term facility - 2011   50,000   -
MX operating line of credit - N/A   3,000   -
CDCC revolving standby           -
credit facility - N/A   30,000   -
NGX letter of credit - N/A US$ 100,000   -
NGX overdraft facility - N/A   20,000   -
NGX EFT Daylight facility - N/A   300,000   -
Total credit facilities         $ 430,000

In connection with the acquisition of MX, the Company established a non-revolving three-year term credit facility of $430,000 and a revolving three-year credit facility of $50,000. The Company may draw on these facilities in Canadian dollars by way of prime rate loans and/or Bankers’ Acceptances (“B.A.”) or in U.S. dollars by way of LIBOR loans and/or U.S. base rate loans. On April 30, 2008, the Company drew $430,000. As at December 31, 2008, the Company has prepaid $1,722 of financing fees, which leaves a net credit facility liability of $428,278. These financing fees will be amortized over the remaining term of the loan.

MX has an outstanding letter of credit for $2,093 issued against the MX operating line of credit. This letter of credit has been issued as a guarantee to the trustee under the MX employee future benefit plan in respect of accrued future employee benefits.

The credit facilities are unsecured and include certain covenants that the Company must maintain (note 23). The Company was in compliance with these covenants at December 31, 2008.

During 2008, the Company recognized interest expense on the facilities of $10,505 (2007 – $Nil) which included $492 of amortized financing fees.