Extension of the Contingent Term Repo Facility (CTRF) - Market Notice 24 April 2020

The Bank of England is today announcing that it will continue to offer 3-month and 1-month term Contingent Term Repo Facility (CTRF) operations on a weekly basis through May 2020, with the final operation scheduled on 29 May.
Published on 24 April 2020

The Bank will continue to monitor market conditions carefully and the operation of the CTRF remains under review. The Bank stands ready to take additional action if necessary. 

The indicative schedule of operations has been updated on the Information for participants page.

Details of each operation will be published on the Bank’s wires service page in advance. 

Other than as amended by this Market Notice and the Market Notice published on 24 March 2020, the Terms and Conditions and Operating Procedures for participation in the SMF will apply to transactions under this Facility.