Bank Of England: Changes To The Provision Of U.S. Dollar Repo Operations From July 2021 - Market Notice 23 April 2021 Date
23/04/2021
The Bank of England, in co-ordination with other central banks, has decided to discontinue the 84-day maturity operations which provide liquidity via the standing U.S. dollar liquidity swap line arrangements.
The Bank of England, in co-ordination with other central banks, has decided to discontinue the 84-day maturity operations which provide liquidity via the standing U.S. dollar liquidity swap line arrangements.
In line with this, the 84-day U.S. dollar repo operation will cease effective from 1 July 2021. The indicative auction schedule until 30 June 2021, as already published, remains unchanged. The last 84-day operation will occur Wednesday 30 June 2021.
HM Treasury And Bank Of England: Update On The Covid Corporate Financing Facility (CCFF) â Market Notice 11 March 2021 Date
11/03/2021
As confirmed in the Market Notice of 22 September 2020, the CCFF will close for new purchases of commercial paper (CP) from eligible issuers with effect from 23 March 2021.
HM Treasury and the Bank of England (the Bank) are today confirming that the CCFF will continue to allow early repayment of funds borrowed. With effect from 22 March 2021 this will happen via a sell-back window on the first business day of each week.
Early repayment to continue
Early repayment of funds borrowed via the CCFF has been permitted on request since the 19 May 2020 Market Notice, by means of a standing offer to sell back CP held by the CCFF to the original issuer.
Bank Of England: Asset Purchase Facility: Gilt Purchases - Market Notice 17 December 2020 Date
17/12/2020
On 4 November 2020, the MPC voted to increase the target stock of purchased UK government bonds by an additional £150 billion, financed by the issuance of central bank reserves, to take the total stock of government bond purchases to £875 billion.
The Committee expected the new UK government bond purchase programme to start in January and be completed by around the end of 2021. The Committee envisaged that the pace of purchases could remain at around its current level initially, with flexibility to slow the pace of purchases later.
Asset Purchase Facility: Gilt Purchases