Announcing the Bankers’ Acceptance Purchase Facility: a COVID-19 event study https://www.bankofcanada.ca/?p=216290 BA–OIS 1 month BA–OIS 3 month iqr Maximum amount of BAs that dealers can sell Actual amount of BAs sold by dealers Weighted average yield of BAPF purchases Minimum yield IIROC BA rate, 3 month spread Bankers' acceptances Senior deposit notes Asset-backed commercial paper 54.910 53.950 53.950 59.000 57.000 58.540 57.000 59.000 56.090 55.710 58.540 55.860 59.340 55.920 54.740 59.000 62.120 59.710 60.000 95.000 69.860 64.730 63.910 63.360 49.740 69.860 60.400 57.510 55.000 59.000 59.000 55.760 59.340 56.000 61.260 70.000 70.000 57.000 61.430 60.000 51.500 68.000 56.200 56.200 45.000 62.120 59.340 56.200 64.340 55.000 35.000 35.000 35.000 75.000 35.000 49.930 59.000 52.200 55.000 62.120 50.000 55.000 55.000 45.000 45.000 75.000 75.000 75.000 75.000 45.000 45.000 75.000 45.000 61.580 49.340 60.030 71.000 56.020 62.000 61.430 57.000 73.620 57.000 92.600 59.860 59.860 58.300 58.300 59.530 45.000 86.680 55.000 59.430 82.000 59.000 48.310 59.310 65.000 62.000 50.060 65.000 64.000 69.310 62.000 59.710 45.000 45.600 87.700 75.700 54.380 70.750 45.000 45.000 58.570 50.000 70.000 70.000 60.000 70.000 70.000 63.000 59.720 67.000 67.000 67.000 55.950 70.000 70.000 54.750 60.950 54.750 54.750 54.750 71.150 71.150 71.150 60.000 59.720 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 50.280 79.750 56.010 56.010 79.750 70.750 69.860 67.000 55.000 55.000 86.700 60.170 67.000 70.000 70.000 75.000 75.000 70.750 54.000 75.000 75.170 61.000 90.000 65.730 53.620 55.000 71.700 71.700 54.000 60.000 60.000 43.760 60.000 55.000 67.000 67.000 67.000 57.000 60.000 55.000 75.000 58.380 64.700 64.700 64.700 65.280 65.280 55.000 67.000 59.720 71.080 60.000 60.390 73.410 55.000 56.000 70.000 69.000 62.120 55.040 55.000 55.000 57.000 55.310 57.000 50.000 57.000 61.540 55.000 64.000 64.000 75.000 65.860 57.000 70.000 70.000 59.620 70.000 70.800 88.660 70.000 61.530 57.000 40.000 72.910 45.000 84.910 61.000 56.000 94.910 61.000 75.000 75.000 45.000 70.000 62.970 63.000 35.000 65.140 65.000 62.000 62.000 65.000 63.000 64.000 57.000 66.000 68.000 80.000 60.000 60.000 57.000 57.000 75.000 70.000 89.910 60.000 73.100 72.500 73.100 57.000 59.830 71.300 53.000 73.500 59.000 59.000 59.000 59.000 75.700 75.000 71.300 75.300 55.000 75.000 60.000 75.000 75.000 75.000 75.000 75.000 75.000 75.000 75.000 45.000 28.750 25.000 75.360 70.000 26.000 26.000 26.000 26.000 38.160 38.160 40.780 75.780 75.780 30.000 36.930 36.250 36.250 26.300 38.300 56.020 56.020 26.020 60.000 61.220 60.000 50.000 60.070 60.000 60.000 55.240 55.240 221.7011.8915.29 2524420.0612.2515.25 2424222.0412.0721.69 2225222.5017.5122.24 2224418.5117.1115.42 2022221.9017.5113.54 2022320.6126.2415.11 1921420.1822.2813.49 1720217.5312.8313.65 1617218.8118.2515.91 1518218.4022.4015.86 1618318.3315.6412.44 1518320.3515.4714.69 1518316.9818.6314.75 1520317.8411.5914.22 1319316.5214.2113.31 1219513.5212.7811.71 1217315.0111.4412.64 1016312.5011.9511.37 1017312.4910.7210.64 91458.9411.9711.47 914212.4114.4914.46 91635.4514.3011.87 815410.5612.969.90 714211.8412.8211.01 615310.6213.8212.31 611410.9111.929.82 61129.888.4611.43 5827.2713.4811.17 51238.3111.6312.07 510210.4815.1410.80 610212.2812.2211.63 610411.758.2912.32 61248.5412.6011.28 610211.8810.3813.35 611510.6410.9513.14 710214.3315.6715.94 814311.9515.7713.31 813211.5415.6010.98 513414.4018.0715.66 917320.7418.6521.86 1526519.1625.6520.49 310526.2128.8841.37 1824419.1821.079.00 1018313.0824.8112.13 921518.5713.4421.44 1127528.8450.4325.08 2136420.7833.9719.78 1730941.1853.0435.39 3743857.9093.7651.04 5458565.63135.2356.52 63891580.37128.4972.97 67861395.01225.9886.78 8491692.47259.6588.92 82851096.17345.5997.74 93886110.58290.45125.34 111927119.32284.10139.55 116985113.53233.58120.75 111944117.36240.19138.00 1181237115.10221.78149.78 11311610104.01194.75113.51 88119091.75161.0796.48 9085389.08153.4598.35 7887083.86138.6897.35 7287365.81156.38103.87 6574560.91115.8388.31 5163139.90121.8682.51 3240530.22103.0462.18 2130230.52110.7959.50 1725128.36101.8251.77 1725328.7170.5054.28 1722225.8865.2455.33 1421427.2363.3558.92 1422320.4264.1246.56 1218320.6037.5647.29 1116123.7051.0142.37 1216519.9555.3740.87 1317321.1654.5836.27 1416021.1942.7643.05 1517422.8941.3341.07 1516226.7140.3043.90 2018223.6940.7939.53 2019524.4547.6137.35 1919327.5032.0333.03 2019328.0832.2036.45 1820222.3735.1635.14 1618320.2227.5335.73 1518225.8637.9333.19 1318120.4235.5527.10 1315219.4216.1827.26 1219120.5439.5229.99 1114117.2834.8125.09 1116220.8418.8819.69 1013217.4828.3621.39 1013419.3531.7818.60 0 1013515.9153.4136.42 811017.5226.3323.20 811112.0922.5419.46 711113.5528.1516.95 810018.9433.2714.80 710 711 15715.006312415.00 4311520.0014420.00 405.57825220.00 39374310.002.66 370.194010.0040 373.364010.0040 3910.00400.00 404010.000.00 4010.00330.00 324010.000.00