Modifications to the minimum bidding requirements and the maximum bidding limit at auctions of non-fungible Cash Management Bills (CMBs).
Effective September 15, for a trial period lasting at least 12 months, minimum bidding requirements and maximum bidding limits will be suspended for auctions of Cash Management Bills (CMBs) which are non-fungible (i.e., do not share a common maturity date with a previously-issued 3-, 6- or 12-month treasury bill). All other provisions of the Terms of Participation will continue to apply to auctions of non-fungible CMBs.
| For further information, please contact: | |
| Ron Allenby Assistant Director Financial Markets Department Bank of Canada 613 782-8046 |
Marc Larson Principal Analyst Financial Markets Department Bank of Canada 613 782-7836 |