With the asset-backed commercial paper restructuring plan now fully implemented, Canaccord Capital Inc. is set to proceed with the implementation of its Canaccord Relief Program, the company announced on Wednesday.

The program provides eligible clients holding an aggregate of $1 million or less of ABCP with par value for their investment, plus access to unpaid interest and reimbursement for any restructuring expenses.

The Canadian Depository for Securities has already distributed the plan notes and the first interest payment for most ABCP. This first interest payment has been credited to all Canaccord client accounts, the company said.

It expects the reimbursements for the relief program to be settled in client accounts by Jan. 30.

“Putting our clients first is Canaccord’s most important core value,” said Mark Maybank, chief operating officer of Canaccord Capital Inc. “This restructuring has been a lengthy, difficult process for our clients and we are proud of the Canaccord Relief Program which, when implemented, will allow us to provide them with par value for their investment.”