Get quick access to details and data—including terms and conditions, schedules and results.
Overnight facilities and operations
Standing Liquidity Facility
The Bank’s Standing Liquidity Facility (SLF) provides access to liquidity, in the form of secured overnight advances, to direct participants in Lynx, to support orderly settlement in the payments system.
The Bank conducts overnight repo (OR) operations to ensure the effective implementation of our monetary policy framework. These operations inject intraday liquidity, reinforcing the Bank’s target for the overnight rate.
The Bank conducts overnight reverse repo (ORR) operations to ensure the effective implementation of our monetary policy framework. These operations withdraw intraday liquidity, reinforcing the Bank’s target for the overnight rate.
The Bank makes its Overnight Standing Repo Facility available to primary dealers in order to help reinforce the upper limit (Bank rate) of the operating band for overnight interest rates.
Securities Repo Operations
The Bank of Canada’s Securities Repo Operations (SROs) program provides a temporary source of Government of Canada nominal bonds and treasury bills to primary dealers to support liquidity in the securities financing market. The Bank makes a portion of its holdings of these securities available on an overnight basis through daily repurchase operations.
The Bank supports the ongoing liquidity of Government of Canada securities by providing the market with a secondary and temporary source of these securities through a tender process for a term of one business day.
Term facilities and operations
Standing Term Liquidity Facility
The STLF is intended to provide greater confidence that an eligible financial institution facing temporary liquidity stress will have access to central bank liquidity on terms that are known in advance.
These operations, where assets are acquired temporarily through the secondary market, are conducted to manage the Bank’s balance sheet and to promote the orderly functioning of Canadian financial markets.
Contingent Term Repo Facility
The Contingent Term Repo Facility (CTRF) is the Bank of Canada’s standing repo facility to counter any severe market-wide liquidity stresses and support the stability of the Canadian financial system.
Asset purchase programs
Bankers’ Acceptance Purchase Facility
To support the continuous functioning of financial markets, the Bank of Canada purchases Bankers’ Acceptances (BAs) in the secondary market through the Bankers’ Acceptance Purchase Facility (BAPF).
Corporate Bond Purchase Program
The Corporate Bond Purchase Program (CBPP) supports the liquidity and proper functioning of the corporate debt market, by purchasing bonds through a tender process in the secondary market.
Government of Canada Bond Purchase Program
The Government of Canada Bond Purchase Program (GBPP) was established to address strains in the Government of Canada bond market, and to enhance the effectiveness of other actions taken to support core funding markets.
Provincial Bond Purchase Program
The Provincial Bond Purchase Program (PBPP) aims to support the liquidity and efficiency of provincial government funding markets. It supplements the Provincial Money Market Purchase Program (PMMP).
Provincial Money Market Purchase Program
The Provincial Money Market Purchase (PMMP) program is an asset purchase facility that acquires provincially-issued money market securities through the primary issuance market.