Securities Lending Program

Learn about the program, access information about operations and reporting, and find key contacts and related notices.

Program details

The Bank of Canada’s Securities Lending Program (SLP) 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 securities lending operations. The program is consistent with best practices at other central banks and with recommendations from the Bank for International Settlements regarding managing the impact of large-scale asset purchases on market functioning.

For operational details, see the full terms and conditions for this program.

Operations

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Upcoming operations

Details for the next operation—including maximum operation amount and minimum securities lending fee—will be provided in this table on the morning of the operation. Typically, the Bank of Canada will make up to 50 per cent of its holdings of eligible Government of Canada securities available to the market on a given day; however, the exact list and amounts of offered securities will be at the Bank’s discretion.

Overview

Operation date Maturity date Operation amount ($M) Minimum bid fee (bps)

Results

Overview

Results will be updated in this table shortly after each operation.

Operation date Maturity date Operation amount ($M) Total allocated amount ($M) Minimum bid fee (bps)
2025-08-12 2025-08-13 50,000 287 15.0
2025-08-11 2025-08-12 50,000 405 15.0
2025-08-08 2025-08-11 50,000 543 15.0
2025-08-07 2025-08-08 50,000 599 15.0
2025-08-06 2025-08-07 50,000 1,019 15.0

Details

Operation date Maturity date Coupon rate Security maturity date ISIN Security type Allocated amount ($M) Low bid fee (bps) Average bid fee (bps) High bid fee (bps)
2025-08-12 2025-08-13 0.250 2026-03-01 CA135087L518 Bond 192 15.0 15.0 15.0
2025-08-12 2025-08-13 8.000 2027-06-01 CA135087VW17 Bond 10 15.0 15.0 15.0
2025-08-12 2025-08-13 2.000 2028-06-01 CA135087H235 Bond 85 15.0 15.0 15.0
2025-08-11 2025-08-12 0.250 2026-03-01 CA135087L518 Bond 320 15.0 15.0 15.0
2025-08-11 2025-08-12 8.000 2027-06-01 CA135087VW17 Bond 10 15.0 15.0 15.0
2025-08-11 2025-08-12 2.000 2028-06-01 CA135087H235 Bond 75 15.0 15.0 15.0
2025-08-08 2025-08-11 0.250 2026-03-01 CA135087L518 Bond 470 15.0 15.0 15.0
2025-08-08 2025-08-11 8.000 2027-06-01 CA135087VW17 Bond 10 15.0 15.0 15.0
2025-08-08 2025-08-11 2.000 2028-06-01 CA135087H235 Bond 63 15.0 15.0 15.0
2025-08-07 2025-08-08 0.250 2026-03-01 CA135087L518 Bond 345 15.0 15.0 15.0
2025-08-07 2025-08-08 8.000 2027-06-01 CA135087VW17 Bond 10 15.0 15.0 15.0
2025-08-07 2025-08-08 2.000 2028-06-01 CA135087H235 Bond 244 15.0 15.0 15.0
2025-08-06 2025-08-07 0.250 2026-03-01 CA135087L518 Bond 473 15.0 15.0 15.0
2025-08-06 2025-08-07 1.500 2026-06-01 CA135087E679 Bond 80 15.0 15.0 15.0
2025-08-06 2025-08-07 8.000 2027-06-01 CA135087VW17 Bond 10 15.0 15.0 15.0
2025-08-06 2025-08-07 2.000 2028-06-01 CA135087H235 Bond 255 15.0 15.0 15.0
2025-08-06 2025-08-07 5.000 2037-06-01 CA135087XW98 Bond 201 15.0 15.0 15.0
2025-07-30 2025-07-31 0.250 2026-03-01 CA135087L518 Bond 191 15.0 15.0 15.0
2025-07-30 2025-07-31 1.500 2026-06-01 CA135087E679 Bond 20 15.0 15.0 15.0
2025-07-30 2025-07-31 8.000 2027-06-01 CA135087VW17 Bond 9 15.0 15.0 15.0
2025-07-30 2025-07-31 2.000 2028-06-01 CA135087H235 Bond 539 15.0 15.0 15.0
2025-07-30 2025-07-31 5.000 2037-06-01 CA135087XW98 Bond 5 15.0 15.0 15.0
2025-07-29 2025-07-30 0.250 2026-03-01 CA135087L518 Bond 170 15.0 15.0 15.0
2025-07-29 2025-07-30 8.000 2027-06-01 CA135087VW17 Bond 9 15.0 15.0 15.0
2025-07-29 2025-07-30 2.000 2028-06-01 CA135087H235 Bond 454 15.0 15.0 15.0
2025-07-25 2025-07-28 0.250 2026-03-01 CA135087L518 Bond 97 15.0 15.0 15.0
2025-07-25 2025-07-28 8.000 2027-06-01 CA135087VW17 Bond 9 15.0 15.0 15.0
2025-07-25 2025-07-28 2.000 2028-06-01 CA135087H235 Bond 441 15.0 15.0 15.0

Reporting

The Bank’s individual holdings of all Government of Canada securities and federal government guaranteed debt securities issued by federal Crown corporations are available at Bank of Canada holdings.

Key contacts


Director
Financial Markets Department
Bank of Canada


Assistant Director
Financial Markets Department
Bank of Canada

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