Weekly Indexed Long-Term Repo Operations - Market Notice

The Bank of England is announcing today that it will continue to offer Indexed Long-Term Repo (ILTR) operations on a weekly basis until end-September 2016.
Published on 30 June 2016
1. This is a precautionary step to provide additional flexibility in the Bank’s provision of liquidity insurance over the coming months.

2. The revised schedule of operations is set out in Table 1.

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. As usual, the Bank will 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.

Table 1: Schedule of ILTR operations until end-September 2016

 

 Operation date*  Settlement date  Maturity Date
 5 July 2016  7 July 2016  5 January 2017
 12 July 2016  14 July 2016  5 January 2017
 19 July 2016  21 July 2016  5 January 2017
 26 July 2016  28 July 2016  5 January 2017
 2 August 2016  4 August 2016  9 February 2017
 9 August 2016  11 August 2016  9 February 2017
 16 August 2016  18 August 2016  9 February 2017
 23 August 2016  25 August 2016  9 February 2017
 30 August 2016  1 September 2016  9 February 2017
 6 September 2016  8 September 2016  9 March 2017
 13 September 2016  15 September 2016  9 March 2017
 20 September 2016  22 September 2016  9 March 2017
 27 September 2016  29 September 2016  9 March 2017
* Details of each operation will be published on the Bank’s wire services page six days before the operation.
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