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

Submission date	Payment date	Maturity date	Replaces previous loan?
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.