Extension to the schedule of 7-day US dollar repo operations

The Bank of England, in co-ordination with the European Central Bank, the Bank of Japan and the Swiss National Bank has decided to continue to offer one-week US dollar liquidity-providing operations after 31 July 2014 when the current timetable expires. These will continue until further notice.
Published on 17 June 2014

2. The Bank of England will, on a regular basis, assess the need of US dollar liquidity-providing operations. It will take into account the fact that the recently established standing swap lines have created a framework for the provision of US dollar liquidity to counterparties, if warranted by market conditions.

3. Weekly 7-day US dollar repo operations will continue unchanged. An indicative schedule of weekly operations is on the Bank’s website.

4. The full range of SMF collateral, comprising Level A, B and C collateral sets1, will be eligible for US dollar repo operations.

5. Other than as amended by this Market Notice, the terms contained within the Consolidated Market Notice for US dollar repo operations dated 13 December 2012 will apply to these operations. US dollar repo operations are subject to the terms of the Sterling Monetary Framework as supplemented by the Supplementary Terms for US dollar repo transactions, which may be updated by the Bank of England from time to time.

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