Bank of Canada Announces Details of its 28 Day Term Loan Facility
In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 12 November, the Bank of Canada announced today that it will enter into a 28-day TLF transaction as follows:
|Amount||Auction Date||Settlement Date||Maturity Date|
|$2 billion||24 November 2008||25 November 2008||23 December 2008|
Terms and conditions for the TLF are available at https://www.bankofcanada.ca/en/notices_fmd/2008/term_tlf_121108.html. The auction will be held on 24 November at 9:15 (ET) and the results of this operation will be announced on the Bank's web site at 10:15 (ET). The total amount of assets acquired through this TLF operation will be announced on the Bank's web site on the settlement day by 16:45 (ET). These transactions will also be reflected on the Bank of Canada's balance sheet.
For further information, please contact: