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Bank of Canada Announces Details of its Term Repo Operation

The Bank of Canada announced today that it will conduct a term repo operation as follows:

Amount (millions)

Auction date

Settlement Date

Term (days)

Maturity date


11 Dec 2015

15 Dec 2015


6 Jan 2016

Primary dealers are asked to submit their bids to the Bank of Canada between 09:45 a.m. and 10:00 a.m. (ET) on the day of the auction. The results of this operation will be announced on the Bank’s website as soon as possible following the auction. Winning bidders must notify the Bank of Canada of the securities that will be used within 60 minutes of allocating the auction.

This operation will be reflected on the Bank of Canada’s balance sheet.

Further details related to this operation are available in the Terms and Conditions for Term Repo Operations.

For further information, please contact:

Assistant Director
Financial Markets Department
Bank of Canada

Bank of Canada

Content Type(s): Press, Market notices