Published on
06 December 2011
This Facility is designed to mitigate risks to financial stability arising from a market-wide shortage of short term sterling liquidity. There is currently no shortage of short-term sterling liquidity in the market. But should that position change, the new Facility gives the Bank additional flexibility to offer sterling liquidity in an auction format against the widest range of collateral. The introduction of the ECTR Facility underlines the Bank’s commitment to take appropriate measures to maintain UK monetary and financial stability.
Introduction of the Extended Collateral Term Repo Facility