Update on the Contingent Term Repo Facility (CTRF) - Market Notice 22 May 2020
The Bank will continue to offer 1-month term CTRF operations on a
weekly basis at least through June 2020, with operations currently
scheduled to end on 26 June .
The Bank’s regular liquidity
insurance facilities will continue to operate including the weekly
6-month Indexed Long-Term Repo (ILTR) and the on-demand Discount
Window Facility (DWF) .
CTRF operations can also be rapidly
reintroduced at any stage if justified by market conditions . The Bank
stands ready to do so if necessary, and will continue to monitor
market conditions closely .
The indicative schedule of all the
Bank’s market operations will be updated on the Information for
participants page .
Details of each operation will also be
published on the Bank’s wires service page in advance .
than as amended by this Market Notice and the Market Notice published
on 24 March 2020, the Terms and Conditions and Operating Procedures
for participation in the SMF will apply to transactions under this
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