National Bank of Canada is assessing investor interest in a significant risk transfer (SRT) transaction tied to project finance deals, according to reports from Bloomberg and the Financial Post. The bank is exploring SRT instruments as a way to transfer parts of credit risk and potentially free up balance-sheet capacity. Both outlets describe the effort as part of a broader trend in which multiple lenders are examining SRT structures to manage regulatory and balance-sheet constraints while still supporting lending activity. The reports do not provide deal terms, size, or a timetable for execution, and they characterize the work as ongoing rather than finalized. The focus on project finance suggests the bank would target credit exposures associated with infrastructure or similar long-term financing arrangements, where risk transfer mechanisms can be used to repackage and sell parts of the underlying credit profile to investors. Overall, the coverage centers on the bank’s evaluation of market demand for such a transaction rather than on any completed offering.