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Abstract：The Bank of England said on Monday that it was updating the eligibility criteria for access to its short-term non-sterling liquidity facilities, to better align eligibility with the central bank’s other lending tools.
The Bank of England said on Monday that it was updating the eligibility criteria for access to its short-term non-sterling liquidity facilities, to better align eligibility with the central banks other lending tools.
Only Sterling Monetary Framework (SMF) members that are participants in Open Market Operations (OMOs) shall be eligible to participate in the short-term non-sterling liquidity facilities with effect from Aug. 8, the bank said.
“This change will not have any immediate impact on firms that can currently use these facilities. Participants whose access to short-term non-sterling liquidity facilities is affected by this change will be given a six-month grace period,” the BoE said.
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