Weekly Indexed Long-Term Repo Operations - Market Notice

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.