Securities Lending Program

Learn about the program, access information about operations and reporting, and find key contacts and related notices.

Program details

The Bank of Canada’s Securities Lending Program (SLP) 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 securities lending 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 minimum securities lending fee—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.

Overview

Operation date Maturity date Operation amount ($M) Minimum bid fee (bps)

Results

Overview

Results will be updated in this table shortly after each operation.

Operation date Maturity date Operation amount ($M) Total allocated amount ($M) Minimum bid fee (bps)
2025-03-18 2025-03-19 50,000 1,058 15.0
2025-03-17 2025-03-18 50,000 1,099 15.0
2025-03-14 2025-03-17 50,000 1,295 15.0
2025-03-13 2025-03-14 50,000 1,590 15.0
2025-03-12 2025-03-13 50,000 1,286 15.0

Details

Operation date Maturity date Coupon rate Security maturity date ISIN Security type Allocated amount ($M) Low bid fee (bps) Average bid fee (bps) High bid fee (bps)
2025-03-18 2025-03-19 9.000 2025-06-01 CA135087VH40 Bond 33 15.0 15.0 15.0
2025-03-18 2025-03-19 1.000 2027-06-01 CA135087F825 Bond 592 15.0 15.0 15.0
2025-03-18 2025-03-19 5.000 2037-06-01 CA135087XW98 Bond 433 15.0 15.0 15.0
2025-03-17 2025-03-18 9.000 2025-06-01 CA135087VH40 Bond 33 15.0 15.0 15.0
2025-03-17 2025-03-18 0.250 2026-03-01 CA135087L518 Bond 75 15.0 15.0 15.0
2025-03-17 2025-03-18 1.500 2026-06-01 CA135087E679 Bond 59 15.0 15.0 15.0
2025-03-17 2025-03-18 1.000 2027-06-01 CA135087F825 Bond 447 15.0 15.0 15.0
2025-03-17 2025-03-18 5.000 2037-06-01 CA135087XW98 Bond 485 15.0 15.0 15.0
2025-03-14 2025-03-17 9.000 2025-06-01 CA135087VH40 Bond 33 15.0 15.0 15.0
2025-03-14 2025-03-17 0.250 2026-03-01 CA135087L518 Bond 165 15.0 15.0 15.0
2025-03-14 2025-03-17 1.500 2026-06-01 CA135087E679 Bond 60 15.0 15.0 15.0
2025-03-14 2025-03-17 1.000 2027-06-01 CA135087F825 Bond 596 15.0 15.0 15.0
2025-03-14 2025-03-17 5.000 2037-06-01 CA135087XW98 Bond 441 15.0 15.0 15.0
2025-03-13 2025-03-14 9.000 2025-06-01 CA135087VH40 Bond 33 15.0 15.0 15.0
2025-03-13 2025-03-14 0.250 2026-03-01 CA135087L518 Bond 176 15.0 15.0 15.0
2025-03-13 2025-03-14 1.500 2026-06-01 CA135087E679 Bond 76 15.0 15.0 15.0
2025-03-13 2025-03-14 1.000 2027-06-01 CA135087F825 Bond 675 15.0 15.0 15.0
2025-03-13 2025-03-14 5.000 2037-06-01 CA135087XW98 Bond 630 15.0 15.0 15.0
2025-03-12 2025-03-13 9.000 2025-06-01 CA135087VH40 Bond 33 15.0 15.0 15.0
2025-03-12 2025-03-13 1.500 2026-06-01 CA135087E679 Bond 162 15.0 15.0 15.0
2025-03-12 2025-03-13 1.000 2027-06-01 CA135087F825 Bond 633 15.0 15.0 15.0
2025-03-12 2025-03-13 5.000 2037-06-01 CA135087XW98 Bond 458 15.0 15.0 15.0
2025-03-11 2025-03-12 2.250 2025-06-01 CA135087D507 Bond 54 15.0 15.0 15.0
2025-03-11 2025-03-12 9.000 2025-06-01 CA135087VH40 Bond 33 15.0 15.0 15.0
2025-03-11 2025-03-12 0.250 2026-03-01 CA135087L518 Bond 265 15.0 15.0 15.0
2025-03-11 2025-03-12 1.500 2026-06-01 CA135087E679 Bond 250 15.0 15.0 15.0
2025-03-11 2025-03-12 1.000 2027-06-01 CA135087F825 Bond 620 15.0 15.0 15.0
2025-03-11 2025-03-12 2.250 2029-06-01 CA135087J397 Bond 208 15.0 15.0 15.0
2025-03-11 2025-03-12 5.000 2037-06-01 CA135087XW98 Bond 664 15.0 15.0 15.0
2025-03-10 2025-03-11 9.000 2025-06-01 CA135087VH40 Bond 33 15.0 15.0 15.0
2025-03-10 2025-03-11 0.250 2026-03-01 CA135087L518 Bond 295 15.0 15.0 15.0
2025-03-10 2025-03-11 1.500 2026-06-01 CA135087E679 Bond 245 15.0 15.0 15.0
2025-03-10 2025-03-11 1.000 2027-06-01 CA135087F825 Bond 724 15.0 15.0 15.0
2025-03-10 2025-03-11 2.000 2028-06-01 CA135087H235 Bond 155 15.0 15.0 15.0
2025-03-10 2025-03-11 2.250 2029-06-01 CA135087J397 Bond 208 15.0 15.0 15.0
2025-03-10 2025-03-11 5.000 2037-06-01 CA135087XW98 Bond 482 15.0 15.0 15.0

Reporting

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


Assistant Director
Financial Markets Department
Bank of Canada

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