2. Weekly 7-day and monthly 84-day US dollar repo operations will continue unchanged until 30 April 2014, when the monthly 84-day operations will cease. The timetable for 7-day operations then continues through to 30 July 2014. The network of bilateral central bank liquidity swap arrangements, moved on to a standing basis in October 2013, provide a framework for the reintroduction of US liquidity operations if warranted by market conditions.
3. An indicative schedule of weekly operations is set out below:
Operation date | Term | Settlement date | Maturity date |
5 February 2014 | 7 days | 6 February 2014 | 13 February 2014 |
12 February 2014 | 7 days | 13 February 2014 | 20 February 2014 |
19 February 2014 | 7 days | 20 February 2014 | 27 February 2014 |
26 February 2014 | 7 days | 27 February 2014 | 6 March 2014 |
5 March 2014 | 7 days | 6 March 2014 | 13 March 2014 |
12 March 2014 | 7 days | 13 March 2014 | 20 March 2014 |
19 March 2014 | 7 days | 20 March 2014 | 27 March 2014 |
26 March 2014 | 7 days | 27 March 2014 | 3 April 2014 |
2 April 2014 | 7 days | 3 April 2014 | 10 April 2014 |
9 April 2014 | 7 days | 10 April 2014 | 17 April 2014 |
16 April 2014 | 7 days | 17 April 2014 | 24 April 2014 |
23 April 2014 | 8 days | 24 April 2014 | 2 May 2014 |
30 April 2014 | 6 days | 2 May 2014 | 8 May 2014 |
7 May 2014 | 7 days | 8 May 2014 | 15 May 2014 |
14 May 2014 | 7 days | 15 May 2014 | 22 May 2014 |
21 May 2014 | 8 days | 22 May 2014 | 30 May 2014 |
4 June 2014 | 7 days | 5 June 2014 | 12 June 2014 |
11 June 2014 | 7 days | 12 June 2014 | 19 June 2014 |
18 June 2014 | 7 days | 19 June 2014 | 26 June 2014 |
25 June 2014 | 7 days | 26 June 2014 | 3 July 2014 |
2 July 2014 | 7 days | 3 July 2014 | 10 July 2014 |
09 July 2014 | 7 days | 10 July 2014 | 17 July 2014 |
16 July 2014 | 7 days | 17 July 2014 | 24 July 2014 |
23 July 2014 | 7 days | 24 July 2014 | 31 July 2014 |
30 July 2014 | 7 days | 31 July 2014 | 7 August 2014 |
4. An indicative schedule of operations with a maturity of approximately three months is set out below:
Operation date | Term | Settlement date | Maturity date |
26 February 2014 | 84 days | 27 February 2014 | 22 May 2014 |
26 March 2014 | 84 days | 27 March 2014 | 19 June 2014 |
23 April 2014 | 84 days | 24 April 2014 | 17 July 2014 |
5. The full range of SMF collateral, comprising Level A, B and C collateral sets, will be eligible for US dollar repo operations.
6. 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.