Skip to main content
  • This website sets cookies on your device. To find out more about how we use cookies please refer to our Privacy and Cookie Policy. By continuing to use the site, we’ll assume that you are content for us to set these on your device.
  • Close
Home > Markets and Payments > Contingent Term Repo Facility

Contingent Term Repo Facility

​The Contingent Term Repo Facility (‘CTRF’) is a contingency liquidity facility that the Bank can activate in response to actual or prospective market-wide stress of an exceptional nature. The CTRF enables the Bank to provide additional sterling liquidity to banks, building societies and broker-dealers against the full range of eligible collateral, comprising Levels A, B and C.  

The operation of the Contingent Term Repo Facility is set out in more detail in the Red Book:

Red Book - Contingent Term Repo Facility

Further details on Eligible Collateral are available here. Quick reference guides for securities collateral and loans collateral are available at the links below:

CTRF Quick Reference Guide for securities
CTRF Quick Reference Guide for loans


Contingent Term Repo Facility 


The main SMF Documentation and the Market Notice below sets out how this facility works. Its provisions may be amended by the Bank from time to time by Market Notices.

Market Notice: Sterling Monetary Framework: Indexed Long-Term Repo operations and Contingent Term Repo Facility
16 January 2014