Additional Indexed Long-Term Repo operations - Market Notice 8 March 2016

The Bank of England is today announcing that it will offer three additional Indexed Long-Term Repo (ILTR) operations in the weeks around the EU Referendum.
Published on 08 March 2016

2. These additional operations will be run according to the schedule set out below:

Announcement confirming details of operation   Operation date  Settlement date   Maturity Date
 7 June 2016   14 June 2016   16 June 2016   8 December 2016
 14 June 2016   21 June 2016   23 June 2016   8 December 2016
 21 June 2016   28 June 2016   30 June 2016   8 December 2016


3. Other than as amended by this Market Notice, the Terms and Conditions and Operating Procedures for participation in the Bank’s Sterling Monetary Framework will apply to these ILTR operations.

4. The Bank will also continue to offer liquidity insurance via its other facilities, including running its regular weekly US Dollar repo operations throughout this period.

5. The Bank will continue to monitor market conditions carefully and stands ready to take additional action if necessary.

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