September 24, 2024
Learn about the program; access information about upcoming operations, results and reporting; and find key contacts and related notices.
Announcement: The Securities Repo Operations (SRO) program is discontinued.
Program details
The Bank of Canada’s Securities Repo Operations (SROs) program provides a temporary source of Government of Canada nominal bonds and treasury bills to primary dealers to support liquidity in the securities financing market. The Bank makes a portion of its holdings of these securities available on an overnight basis through daily repurchase operations. The program is consistent with best practices at other central banks and with recommendations from the Bank for International Settlements regarding managing the impact of large-scale asset purchases on market functioning.
For operational details, see the full terms and conditions for this program.
Operations
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Upcoming operations
Details for the next operation—including maximum operation amount and rate—will be provided in this table on the morning of the operation. Typically, the Bank of Canada will make up to 50 per cent of its holdings of eligible Government of Canada securities available to the market on a given day; however, the exact list and amounts of offered securities will be at the Bank’s discretion.
| Operation date | Maturity date | Maximum operation amount ($M) | Maximum Bid Rate |
|---|
Results
Overview
Results will be updated in this table shortly after each operation.
| Operation date | Maturity date | Maximum operation amount ($M) | Total allocated amount ($M) | Maximum Bid Rate |
|---|---|---|---|---|
| 2024-10-01 | 2024-10-02 | 50,000 | 2,789 | 4.100 |
| 2024-09-27 | 2024-10-01 | 50,000 | 2,749 | 4.100 |
| 2024-09-26 | 2024-09-27 | 50,000 | 4,112 | 4.100 |
| 2024-09-25 | 2024-09-26 | 50,000 | 3,153 | 4.100 |
| 2024-09-24 | 2024-09-25 | 50,000 | 2,848 | 4.100 |
Details
| Operation date | Maturity date | Coupon rate | Security maturity date | ISIN | Security type | Allocated amount ($M) | Low Rate | Average Rate | High Rate |
|---|---|---|---|---|---|---|---|---|---|
| 2024-10-01 | 2024-10-02 | 1.250 | 2025-03-01 | CA135087K528 | Bond | 821 | 4.100 | 4.100 | 4.100 |
| 2024-10-01 | 2024-10-02 | 9.000 | 2025-06-01 | CA135087VH40 | Bond | 38 | 4.100 | 4.100 | 4.100 |
| 2024-10-01 | 2024-10-02 | 0.250 | 2026-03-01 | CA135087L518 | Bond | 126 | 4.100 | 4.100 | 4.100 |
| 2024-10-01 | 2024-10-02 | 1.500 | 2026-06-01 | CA135087E679 | Bond | 527 | 4.100 | 4.100 | 4.100 |
| 2024-10-01 | 2024-10-02 | 1.000 | 2027-06-01 | CA135087F825 | Bond | 359 | 4.100 | 4.100 | 4.100 |
| 2024-10-01 | 2024-10-02 | 2.000 | 2028-06-01 | CA135087H235 | Bond | 176 | 4.100 | 4.100 | 4.100 |
| 2024-10-01 | 2024-10-02 | 2.250 | 2029-06-01 | CA135087J397 | Bond | 247 | 4.100 | 4.100 | 4.100 |
| 2024-10-01 | 2024-10-02 | 5.000 | 2037-06-01 | CA135087XW98 | Bond | 482 | 4.100 | 4.100 | 4.100 |
| 2024-10-01 | 2024-10-02 | 1.750 | 2053-12-01 | CA135087M680 | Bond | 13 | 4.100 | 4.100 | 4.100 |
| 2024-09-27 | 2024-10-01 | 0.750 | 2024-10-01 | CA135087M508 | Bond | 640 | 4.070 | 4.090 | 4.100 |
| 2024-09-27 | 2024-10-01 | 1.250 | 2025-03-01 | CA135087K528 | Bond | 654 | 4.100 | 4.100 | 4.100 |
| 2024-09-27 | 2024-10-01 | 9.000 | 2025-06-01 | CA135087VH40 | Bond | 38 | 4.100 | 4.100 | 4.100 |
| 2024-09-27 | 2024-10-01 | 1.500 | 2026-06-01 | CA135087E679 | Bond | 146 | 4.100 | 4.100 | 4.100 |
| 2024-09-27 | 2024-10-01 | 1.000 | 2027-06-01 | CA135087F825 | Bond | 547 | 4.100 | 4.100 | 4.100 |
| 2024-09-27 | 2024-10-01 | 2.250 | 2029-06-01 | CA135087J397 | Bond | 231 | 4.100 | 4.100 | 4.100 |
| 2024-09-27 | 2024-10-01 | 0.500 | 2030-12-01 | CA135087L443 | Bond | 8 | 4.100 | 4.100 | 4.100 |
| 2024-09-27 | 2024-10-01 | 5.000 | 2037-06-01 | CA135087XW98 | Bond | 485 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 0.750 | 2024-10-01 | CA135087M508 | Bond | 462 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 1.250 | 2025-03-01 | CA135087K528 | Bond | 908 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 2.250 | 2025-06-01 | CA135087D507 | Bond | 20 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 9.000 | 2025-06-01 | CA135087VH40 | Bond | 37 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 0.250 | 2026-03-01 | CA135087L518 | Bond | 76 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 1.500 | 2026-06-01 | CA135087E679 | Bond | 393 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 1.000 | 2026-09-01 | CA135087L930 | Bond | 77 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 1.250 | 2027-03-01 | CA135087M847 | Bond | 348 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 1.000 | 2027-06-01 | CA135087F825 | Bond | 645 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 2.000 | 2028-06-01 | CA135087H235 | Bond | 309 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 2.250 | 2029-06-01 | CA135087J397 | Bond | 225 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 0.500 | 2030-12-01 | CA135087L443 | Bond | 20 | 4.100 | 4.100 | 4.100 |
| 2024-09-26 | 2024-09-27 | 5.000 | 2037-06-01 | CA135087XW98 | Bond | 592 | 4.100 | 4.100 | 4.100 |
| 2024-09-25 | 2024-09-26 | 0.750 | 2024-10-01 | CA135087M508 | Bond | 338 | 4.100 | 4.100 | 4.100 |
| 2024-09-25 | 2024-09-26 | 1.250 | 2025-03-01 | CA135087K528 | Bond | 967 | 4.100 | 4.100 | 4.100 |
| 2024-09-25 | 2024-09-26 | 9.000 | 2025-06-01 | CA135087VH40 | Bond | 39 | 4.100 | 4.100 | 4.100 |
| 2024-09-25 | 2024-09-26 | 1.500 | 2026-06-01 | CA135087E679 | Bond | 395 | 4.100 | 4.100 | 4.100 |
| 2024-09-25 | 2024-09-26 | 1.000 | 2027-06-01 | CA135087F825 | Bond | 567 | 4.100 | 4.100 | 4.100 |
| 2024-09-25 | 2024-09-26 | 2.250 | 2029-06-01 | CA135087J397 | Bond | 362 | 4.100 | 4.100 | 4.100 |
| 2024-09-25 | 2024-09-26 | 0.500 | 2030-12-01 | CA135087L443 | Bond | 20 | 4.100 | 4.100 | 4.100 |
| 2024-09-25 | 2024-09-26 | 5.000 | 2037-06-01 | CA135087XW98 | Bond | 465 | 4.100 | 4.100 | 4.100 |
| 2024-09-24 | 2024-09-25 | 0.750 | 2024-10-01 | CA135087M508 | Bond | 142 | 4.100 | 4.100 | 4.100 |
| 2024-09-24 | 2024-09-25 | 1.250 | 2025-03-01 | CA135087K528 | Bond | 642 | 4.100 | 4.100 | 4.100 |
| 2024-09-24 | 2024-09-25 | 9.000 | 2025-06-01 | CA135087VH40 | Bond | 38 | 4.100 | 4.100 | 4.100 |
| 2024-09-24 | 2024-09-25 | 0.500 | 2025-09-01 | CA135087K940 | Bond | 29 | 4.100 | 4.100 | 4.100 |
| 2024-09-24 | 2024-09-25 | 1.500 | 2026-06-01 | CA135087E679 | Bond | 422 | 4.100 | 4.100 | 4.100 |
| 2024-09-24 | 2024-09-25 | 1.000 | 2027-06-01 | CA135087F825 | Bond | 623 | 4.100 | 4.100 | 4.100 |
| 2024-09-24 | 2024-09-25 | 2.250 | 2029-06-01 | CA135087J397 | Bond | 445 | 4.100 | 4.100 | 4.100 |
| 2024-09-24 | 2024-09-25 | 0.500 | 2030-12-01 | CA135087L443 | Bond | 34 | 4.100 | 4.100 | 4.100 |
| 2024-09-24 | 2024-09-25 | 5.000 | 2037-06-01 | CA135087XW98 | Bond | 473 | 4.100 | 4.100 | 4.100 |
Reporting
The Bank’s aggregate amount of securities sold under repurchase agreement and holdings of Government of Canada bonds and treasury bill are updated every Friday on the Bank’s weekly balance sheet.
The Bank’s individual holdings of all Government of Canada securities and federal government guaranteed debt securities issued by federal Crown corporations are available at Bank of Canada Holdings.
Key contacts
Director
Financial Markets Department
Bank of Canada
613‑782‑7723
Director
Financial Markets Department
Bank of Canada
613‑782‑7245
Related notices
April 25, 2024
The Bank of Canada is planning to restart later this year its securities lending program (SLP) which is designed to support the liquidity of Government of Canada (GoC) securities markets.
Bank of Canada plans to re-introduce its securities lending program
Content Type(s):
Press,
Market notices
Source(s):
Securities Lending Program,
Securities Repo Operations
September 13, 2022
In observance of the federal Day of Mourning to mark the death of Queen Elizabeth II, the Bank of Canada will postpone the auction of 10-year Government of Canada bonds that had been scheduled for Monday, September 19.
Bank of Canada to delay bond auction in observance of federal Day of Mourning; will support key payment and settlement systems as well as financial markets
Content Type(s):
Press,
Market notices
Source(s):
Government securities auctions,
Overnight reverse repo operations,
Securities Repo Operations
April 22, 2022
Effective April 25, 2022, the maximum total bidding amount across all securities in the Securities Repo Operation (SRO) will increase to $5,000 million for each counterparty.
Bank of Canada announces increases to the limit for Securities Repo and Overnight Reverse Repo operations
Content Type(s):
Press,
Market notices
Source(s):
Overnight reverse repo operations,
Securities Repo Operations