Bank of Canada Announces Details of its Future Term PRA Transactions
Since 19 September 2008, the Bank of Canada has conducted eighteen Purchase and Resale Agreement (PRA) operations to provide liquidity to Canadian term lending markets 1 and as at 22 January, there will be $33 billion in term PRA outstanding. The Bank today is publishing the schedule of its term PRA operations to the end of March.
| Auction (Settlement) Date | New Amount ($ millions) | Amount Maturing ($ millions) | Term (Days) | Maturity Date |
|---|---|---|---|---|
| January | ||||
| 27 (29)* | minimum 4,000 | 28 | 26 February | |
| February | ||||
| 3 (5) | minimum 12,000 | 16,000 | 35 | 12 March |
| 10 (12) | minimum 3,000 | 84 | 7 May | |
| 17 (19) | minimum 4,000 | 8,000 | 28 | 19 March |
| 24 (26) | minimum 4,000 | minimum 4,000 | 28 | 26 March |
| March | ||||
| 3 (5) | minimum 3,000 | 3,000 | 91 | 4 June |
| 10 (12) | minimum 4,000 | minimum 12,000 | 21 | 2 April |
| 17 (19) | minimum 4,000 | minimum 4,000 | 28 | 16 April |
| 24 (26) | minimum 4,000 | minimum 4,000 | 28 | 23 April |
| 31 (2 April) | minimum 4,000 | minimum 4,000 | 28 | 30 April |
* This term PRA was originally announced on 1 December as part of the Bank's schedule of future term PRA transactions.
Further details for these operations, including the eligible securities, are available in the Terms and Conditions of the PRA Facility.
The next auction will be held on 27 January at 9:15 (ET) and further details for this operation will be announced on the Bank's website on 26 January at 15:00 (ET).
The Bank will continue to provide additional term liquidity as long as conditions in financial markets warrant.
For further information, please contact:
Jeremy Harrison
613 782-8782