Bank of Canada Announces Details of its Future Term Loan Facility Transactions
The Bank of Canada is publishing today the schedule of its Term Loan Facility (TLF) transactions to the end of March.
| Auction (Settlement) Date | New Amount ($ millions) | Amount Maturing ($ millions) | Term (Days) | Maturity Date |
|---|---|---|---|---|
| January | ||||
| 21 (22)* | 2,000 | 27 | 18 February | |
| 26 (27)* | minimum 2,000 | 28 | 24 February | |
| February | ||||
| 2 (3) | minimum 2,000 | 100 | 30 | 5 March |
| 9 (10) | minimum 2,000 | 28 | 10 March | |
| 17 (18) | minimum 2,000 | minimum 2,000 | 27 | 17 March |
| 23 (24) | minimum 2,000 | minimum 2,000 | 28 | 24 March |
| March | ||||
| 4 (5) | minimum 2,000 | minimum 2,000 | 26 | 31 March |
| 9 (10) | minimum 2,000 | minimum 2,000 | 28 | 7 April |
| 16 (17) | minimum 2,000 | minimum 2,000 | 28 | 14 April |
| 23 (24) | minimum 2,000 | minimum 2,000 | 30 | 23 April |
| 30 (31) | minimum 2,000 | minimum 2,000 | 28 | 28 April |
* These TLF operations were originally announced on 28 November.
Terms and conditions for the TLFs are available at https://www.bankofcanada.ca/en/notices_fmd/2008/term_tlf_121108.html.
The next auction will be held on 21 January at 9:15 (ET) and the results of this operation will be announced on the Bank's web site at 10:15 (ET). The total amount of assets acquired through this TLF operation will be announced on the Bank's web site on the settlement day by 16:45 (ET). These transactions will also be reflected on the Bank of Canada's balance sheet.
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