Bank of Canada Announces New Schedule for the Bank of Canada Regular Term PRA Facility Commencing the Week of 27 April 2009
In accordance with today’s announcement by the Bank of Canada to reinforce its conditional commitment to maintain the overnight rate at 1/4 per cent, the Bank releases further details on the modifications to, and new schedule for, the Bank of Canada regular term PRA facility, commencing the week of 27 April 2009.
Further details for these operations including the eligible securities, are available in the Terms and Conditions for the regular term Purchase and Resale Agreement (PRA) Facility
The new schedule is as follows:
| Regular Term PRA Facility | ||||
|---|---|---|---|---|
| Auction (Settlement) Date |
New Amount (millions) |
Amount Maturing (millions) |
Term (Days) | Maturity Date |
| April 2009 | ||||
| 27(29) 1 | minimum $4,000 | $8,000 | 28 | 27 May 2009 |
| May 2009 | ||||
| 4 (7) | minimum $3,000 | $4,000 | 363 | 5 May 2009 |
| 11 (13) | minimum $3,000 | $4,000 | 168 | 28 October 2009 |
| 19 (21) | minimum $3,000 | $4,000 | 83 | 12 August 2009 |
| 25 (27) | minimum $4,000 | minimum $4,000 | 29 | 25 June 2009 |
| June 2009 | ||||
| 1 (4) | minimum $3,000 | $3,000 | 363 | 2 June 2009 |
| 8 (10) | minimum $2,000 | 168 | 25 November 2009 | |
| 15 (17) | minimum $3,000 | 85 | 10 September 2009 | |
| 22 (25) | minimum $4,000 | minimum $4,000 | 27 | 22 July 2009 |
| 29 (2 July) | minimum $2,000 | $5,000 | 363 | 30 June 2009 |
| July 2009 | ||||
| 6 (8) | minimum $2,000 | 168 | 23 December 2009 | |
| 13 (15) | minimum $3,000 | 84 | 7 October 2009 | |
| 20 (22) | minimum $4,000 | minimum $4,000 | 28 | 19 August 2009 |
| Substitution Schedule | |
|---|---|
| Notice Date 2 | Substitution Date |
| 29 April | 1 May |
| 13 May | 15 May |
| 27 May | 29 May |
| 10 June | 12 June |
| 24 June | 26 June |
| 8 July | 10 July |
| 22 July | 24 July |