On 21 January the Riksbank offers new SEK loans against commercial paper
In order to improve the supply of loans to the corporate sector, on 28 October the Riksbank decided to set up a temporary credit facility. The loans are provided in an auction procedure and their lifetime is three months. The auctions are planned at two-week intervals. The first auction was held on 5 November.
The next auction will be held on 21 January. The minimum interest rate for this auction is the repo rate plus 0.4 percentage points. The maximum amount of the loans is SEK 40 billion.
A monetary policy counterparty that wants to participate in the auction of 21 January must register the commercial paper programmes the counterparty intends to use no later than 15.00 hours on Friday 16 January.
Notification of participation in the programme is to be made no later than 12.00 hours on 21 January if no such notification has been submitted previously. Payment date is Tuesday 27 January. The maturity of the loan is 84 days.
The Riksbank intends to carry out auctions at approximately two-week intervals until further notice.
More information about the procedure and the terms for the credit facility will be found below.