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)
2026-09-23 2026-09-24 50,000 4,065 15.0
2026-09-22 2026-09-23 50,000 3,542 15.0
2026-09-21 2026-09-22 50,000 3,652 15.0
2026-09-18 2026-09-21 50,000 4,127 15.0
2026-09-17 2026-09-18 50,000 4,109 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)
2026-09-23 2026-09-24 - 2027-06-16 CA1350Z7FB50 Treasury Bill 5 15.0 15.0 15.0
2026-09-23 2026-09-24 1.000 2027-06-01 CA135087F825 Bond 2,677 15.0 15.0 15.0
2026-09-23 2026-09-24 8.000 2027-06-01 CA135087VW17 Bond 70 15.0 15.0 15.0
2026-09-23 2026-09-24 2.000 2028-06-01 CA135087H235 Bond 599 15.0 15.0 15.0
2026-09-23 2026-09-24 5.750 2029-06-01 CA135087WL43 Bond 35 15.0 15.0 15.0
2026-09-23 2026-09-24 5.000 2037-06-01 CA135087XW98 Bond 679 15.0 15.0 15.0
2026-09-22 2026-09-23 - 2027-06-16 CA1350Z7FB50 Treasury Bill 11 15.0 15.0 15.0
2026-09-22 2026-09-23 - 2027-09-08 CA1350Z7FJ86 Treasury Bill 27 15.0 15.0 15.0
2026-09-22 2026-09-23 1.000 2027-06-01 CA135087F825 Bond 2,714 15.0 15.0 15.0
2026-09-22 2026-09-23 8.000 2027-06-01 CA135087VW17 Bond 70 15.0 15.0 15.0
2026-09-22 2026-09-23 2.000 2028-06-01 CA135087H235 Bond 473 15.0 15.0 15.0
2026-09-22 2026-09-23 5.750 2029-06-01 CA135087WL43 Bond 42 15.0 15.0 15.0
2026-09-22 2026-09-23 5.000 2037-06-01 CA135087XW98 Bond 205 15.0 15.0 15.0
2026-09-21 2026-09-22 - 2027-06-16 CA1350Z7FB50 Treasury Bill 11 15.0 15.0 15.0
2026-09-21 2026-09-22 1.000 2027-06-01 CA135087F825 Bond 2,732 15.0 15.0 15.0
2026-09-21 2026-09-22 8.000 2027-06-01 CA135087VW17 Bond 70 15.0 15.0 15.0
2026-09-21 2026-09-22 2.000 2028-06-01 CA135087H235 Bond 437 15.0 15.0 15.0
2026-09-21 2026-09-22 5.750 2029-06-01 CA135087WL43 Bond 36 15.0 15.0 15.0
2026-09-21 2026-09-22 5.000 2037-06-01 CA135087XW98 Bond 366 15.0 15.0 15.0
2026-09-18 2026-09-21 - 2027-06-16 CA1350Z7FB50 Treasury Bill 10 15.0 15.0 15.0
2026-09-18 2026-09-21 1.000 2027-06-01 CA135087F825 Bond 3,094 15.0 15.0 15.0
2026-09-18 2026-09-21 8.000 2027-06-01 CA135087VW17 Bond 70 15.0 15.0 15.0
2026-09-18 2026-09-21 2.000 2028-06-01 CA135087H235 Bond 582 15.0 15.0 15.0
2026-09-18 2026-09-21 5.750 2029-06-01 CA135087WL43 Bond 51 15.0 15.0 15.0
2026-09-18 2026-09-21 5.000 2037-06-01 CA135087XW98 Bond 320 15.0 15.0 15.0
2026-09-17 2026-09-18 - 2027-06-16 CA1350Z7FB50 Treasury Bill 10 15.0 15.0 15.0
2026-09-17 2026-09-18 1.000 2027-06-01 CA135087F825 Bond 3,020 15.0 15.0 15.0
2026-09-17 2026-09-18 8.000 2027-06-01 CA135087VW17 Bond 70 15.0 15.0 15.0
2026-09-17 2026-09-18 2.000 2028-06-01 CA135087H235 Bond 586 15.0 15.0 15.0
2026-09-17 2026-09-18 5.750 2029-06-01 CA135087WL43 Bond 5 15.0 15.0 15.0
2026-09-17 2026-09-18 5.000 2037-06-01 CA135087XW98 Bond 285 15.0 15.0 15.0
2026-09-17 2026-09-18 4.000 2041-06-01 CA135087YQ12 Bond 133 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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