Additional Indexed Long-Term Repo Operations

The Bank of England is today announcing that it will offer three additional Indexed Long-Term Repo (ILTR) operations in the weeks around the EU Referendum.
Published on 07 March 2016

These additional operations will be run according to the schedule set out below:

 Operation date  Settlement date  Maturity Date
 14 June 2016  16 June 2016  8 December 2016
 21 June 2016  23 June 2016  8 December 2016
 28 June 2016  30 June 2016  8 December 2016

 

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.

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.

The Bank will continue to monitor market conditions carefully and stands ready to take additional action if necessary.


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