Programme for SEK loans against collateral
Date
24/10/2008
In a programme of regular auctions, the Riksbank will offer three-month SEK loans to the monetary policy counterparties. Starting on 10 November, the loans will be offered at regular intervals of approximately two weeks.
"We aim to make it clear and predictable that the Riksbank will take measures when needed. By announcing in advance the dates at which it will provide loans in the period ahead, the Riksbank will create predictability and thus better possibilities for the banks to plan their liquidity supply," says Governor Stefan Ingves.
The loans will be offered in an auction process and have maturities of approximately three months. The minimum interest rate will be the current repo rate with a supplement of 0.25 percentage points, unless otherwise decided by the Executive Board.
Precise terms for each auction will be published at least two days before the auction. The announced amounts will take into account the prevailing market conditions and the outcome of previous auctions.
Dates for planned auctions for SEK loans
10 November 2008
12 November 2008
11 February 2009
No
24 November 2008
26 November 2008
25 February 2009
No
8 December 2008
10 December 2008
11 March 2009
No
19 December 2008
23 December 2008
24 March 2009
No
5 January 2009
8 January 2009
9 April 2009
Yes
16 January 2009
20 January 2009
21 April 2009
Yes
26 January 2009
28 January 2009
29 April 2009
Yes
9 February 2009
11 January 2009
13 May 2009
Yes
23 February 2009
25 January 2009
27 May 2009
Yes
N.B. The Riksbank may alter the date of auctions if circumstances make this appropriate. Any changes will be announced in good time.