Preliminary Quarterly Term Repo Schedule
As announced today, the Bank of Canada is introducing 1- and 3-month Term Repo operations that will be built up to a target portfolio size of $7 billion to $10 billion over a 6 month implementation period. Below is the preliminary schedule and amounts for the October to December quarter. The Bank will announce each operation separately and may modify the schedule, including introducing operations for different terms.
| Preliminary Amount (millions) | Operation Date | Settlement Date | Term (days) | Maturity Date |
|---|---|---|---|---|
| $500 | 13 October 2015 | 15 October 2015 | 28 | 12 November 2015 |
| $500 | 27 October 2015 | 29 October 2015 | 28 | 26 November 2015 |
| $500 | 27 October 2015 | 29 October 2015 | 85 | 22 January 2016 |
| $800 | 10 November 2015 | 12 November 2015 | 28 | 10 December 2015 |
| $800 | 24 November 2015 | 26 November 2015 | 27 | 23 December 2015 |
| $500 | 24 November 2015 | 26 November 2015 | 84 | 18 February 2016 |
| $800 | 8 December 2015 | 10 December 2015 | 28 | 7 January 2016 |
| $1,100 | 22 December 2015 | 23 December 2015 | 30 | 22 January 2016 |
| $1,000 | 22 December 2015 | 23 December 2015 | 85 | 17 March 2016 |
For further information, please contact:
Assistant Director
Financial Markets Department
Bank of Canada
613 782-8046
Bank of Canada
613 782-8782