CTRF operations will run on 26 March 2020 and 2 April 2020, in addition to the Bank’s regular liquidity insurance facilities including the Indexed Long-Term Repo (ILTR) and Discount Window Facility (DWF).
The Bank will keep the operation of the CTRF under review. Further operations will be announced as required, based on demand and market feedback.
The size of the CTRF operations will be unlimited, and the price will be a fixed rate of Bank Rate plus 15bps.
The term will be 3 months.
This Facility forms part of the Sterling Monetary Framework (SMF). Other than as amended by this Market Notice, the Terms and Conditions and Operating Procedures for participation in the SMF will apply to transactions under this Facility.