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(BOC) Bank of Canada Announces Details of its Term Repo Operation for Balance Sheet Management Purposes
Bank Of Canada (BOC), Bank Of Canada (BOC)
Published 12/16/2010
- 8:21 a.m. EST
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The Bank of Canada announced today that it will conduct a Term Repo Operation for Balance Sheet Management Purposes as follows:
Amount (millions) Auction Date Settlement Date Term (Days) Maturity Date
$1,200 16 December 2010 16 December 2010 20 5 January 2011
Primary dealers are asked to submit their bids to the Bank of Canada between 09:15 and 09:30 (ET) on the day of the auction. The results of this operation will be announced on the Bank's web site by 10:00 (ET). Winning bidders must notify the Bank of Canada of the securities that will be used in the operation by 11:00 (ET) on the day of the auction.
The total amount of assets acquired through this Term Repo operation will be announced on the Bank's website on the settlement day by 16:45 (ET). This operation will also be reflected on the Bank of Canada's balance sheet.
This operation has no implications for monetary policy or financial stability.
The substitution schedule for this operation is as follows:
Substitution Schedule
Notice Date1 Substitution Date
21 December 2010 23 December 2010
Amount (millions) Auction Date Settlement Date Term (Days) Maturity Date
$1,200 16 December 2010 16 December 2010 20 5 January 2011
Primary dealers are asked to submit their bids to the Bank of Canada between 09:15 and 09:30 (ET) on the day of the auction. The results of this operation will be announced on the Bank's web site by 10:00 (ET). Winning bidders must notify the Bank of Canada of the securities that will be used in the operation by 11:00 (ET) on the day of the auction.
The total amount of assets acquired through this Term Repo operation will be announced on the Bank's website on the settlement day by 16:45 (ET). This operation will also be reflected on the Bank of Canada's balance sheet.
This operation has no implications for monetary policy or financial stability.
The substitution schedule for this operation is as follows:
Substitution Schedule
Notice Date1 Substitution Date
21 December 2010 23 December 2010
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