News Release
Bank of England Operations in the Sterling Money Markets: Eligible Securities for Repo Operations
26 May 1999
The Bank of England announced today that, from 28 June 1999, it will extend the securities it will accept in its daily repo operations to include a range of bonds issued by other central governments in the European Economic Area (EEA) and the major international institutions, where they have been issued directly into the Euroclear and Cedel settlement systems. The Bank will accept bonds by these issuers denominated in sterling, and denominated in euro where they are eligible for use in ESCB monetary policy operations.
This extension of securities accepted in the Bank's operations is a further step in the process first announced on 15 October last year (see the 15 October 1998 press notice for details).
The Bank will make a further announcement, including a full list of the securities that will become eligible, before 28 June. The list will appear on the website.
