Bank of England

House of Lords written question – answered on 3rd July 2012.

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Photo of Lord Myners Lord Myners Labour

To ask Her Majesty's Government whether they will publish the collateral required under the Bank of England's extended collateral term repo facility; and how this facility differs from the bank's terminated special liquidity scheme.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

The extended collateral term repo facility is a Bank of England facility. As stated on the Bank of England website, the Bank would normally expect collateral used in the Extended Collateral Term Repo operations to have been pre-positioned for potential use in the discount window facility. Details of collateral accepted in the discount window facility are provided on the Bank of England website. Details of the bank's special liquidity scheme (SLS), including information on the collateral that was eligible for use in the SLS, are also outlined on the Bank of England website.

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