Changes to published gilt repo and stock lending statistics: result of consultation

This article provides details of regular statistics compiled using the Bank’s Sterling Money Market (SMM) data collection that the Bank will soon begin to publish.
Published on 30 August 2018

Bankstats article

By Joanna McLafferty and Sophie Miles

Overview

At the end of June 2018, the Bank of England published an article proposing that the July 2018 publication of the current statistics published in Bank of England Bankstats Table D3.1 (Gilt repo and stock lending) would be the last. After this, only the new sterling money market statistics, based upon a separate Sterling Money Market (SMM) data set would be published. In the article, the Bank invited comments on the proposal.

Conclusion

Due to the low level of responses received, the Bank will implement the proposed changes on the 29th of October 2018, at which point the first publication of the SMM data (covering data from Q3 2016 to Q3 2018) will take place. Following this, further updates to the SMM data will be published on a quarterly basis on the 21st working day of the month after the quarter end.

Appendix - List of new time series (including IADB codes)

Measure & Maturity

Unsecured

Gilt Repo

Gilt Reverse Repo

Average daily number of transactions over the past quarter

Overnight

YWQZM4A

YWQZM53

YWQZM5U

Tom next

YWQZM4B

YWQZM54

YWQZM5V

2 weeks

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YWQZM55

YWQZM5W

1 month

YWQZM4D

YWQZM56

YWQZM5X 

3 months

YWQZM4E

YWQZM57

YWQZM5Y

6 months

YWQZM4F

YWQZM58

YWQZM5Z

9 months

YWQZM4G

YWQZM59

YWQZM62

1 year

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YWQZM5A

YWQZM63

Total

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YWQZM5B

YWQZM64

Average daily value of turnover over the past quarter, in pound sterling

Overnight

YWQZM4J

YWQZM5C

YWQZM65

Tom next

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YWQZM5D

YWQZM66

2 weeks

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YWQZM5E

YWQZM67

1 month

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YWQZM5F

YWQZM68

3 months

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YWQZM5G

YWQZM69

6 months

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YWQZM5H

YWQZM6A

9 months

YWQZM4P

YWQZM5I

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1 year

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Total

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YWQZM5K

YWQZM6D

Average daily value of transactions outstanding over the past quarter, in pound sterling

Overnight

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YWQZM5L

YWQZM6E

Tom next

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YWQZM5M

YWQZM6F

2 weeks

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YWQZM5N

YWQZM6G

1 month

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YWQZM5O

YWQZM6H

3 months

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YWQZM5P

YWQZM6I

6 months

YWQZM4X

YWQZM5Q

YWQZM6J

9 months

YWQZM4Y

YWQZM5R

YWQZM6K

1 year

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YWQZM5S

YWQZM6L

Total

YWQZM52

YWQZM5T

YWQZM6M

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