June 29, 2021
Learn about the program and its reporting, access its data, and find key contacts and related notices.
Announcement: The Bankers’ Acceptance Purchase Facility (BAPF) is discontinued.
Program details
To support the continuous functioning of financial markets, the Bank of Canada purchases Bankers’ Acceptances (BAs) in the secondary market through the Bankers’ Acceptance Purchase Facility (BAPF). The BA market is one of Canada’s core funding markets and a key source of financing for small- and medium-size corporate borrowers.
Terms and conditions
Primary dealers who want to participate in the BAPF must contact the Bank and provide key contact information. On the day of the operation, dealers must submit their offers between 8:30 (ET) and 9:00 (ET).
For additional operational details, see the full terms and conditions for this program.
Duration
Announcement: BAPF operations will continue until October 26, 2020.
Reporting
The Bank reports its aggregate holdings of Bankers’ Acceptances acquired through the BAPF every Friday on the Bank’s weekly balance sheet. The first results of this program are reported on March 25, 2020.
Key contacts
Director
Financial Markets Department
Bank of Canada
613‑782‑7245
Director
Financial Markets Department
Bank of Canada
613‑782‑7723
Related notices
March 23, 2021
As overall financial market conditions continue to improve in Canada, use of the Bank of Canada’s programs that were introduced in 2020 in response to the shock from COVID-19 to support the functioning of key Canadian financial markets, has declined significantly.
Bank of Canada announces the discontinuation of market functioning programs introduced during COVID-19
October 15, 2020
As overall financial market conditions continue to improve in Canada, usage in several of the Bank of Canada’s programs that support the functioning of key financial markets has declined significantly.
Bank of Canada announces changes to programs that support key financial markets
Content Type(s):
Press,
Market notices
Source(s):
Bankers’ Acceptance Purchase Facility,
Canada Mortgage Bond Purchase Program,
Term repo operations
June 3, 2020
With substantial improvements in short-term funding conditions recently, as well as reduced participation since mid-April in the Bank’s extended Term Repo and Bankers’ Acceptance Purchase Facility (BAPF) operations, the Bank is making amendments to these programs.
Bank of Canada Announces Changes to Term Repo Operations and Bankers’ Acceptance Purchase Facility
Content Type(s):
Press,
Market notices
Source(s):
Bankers’ Acceptance Purchase Facility,
Term repo operations