-
Changes to the Standing Liquidity Facility Collateral Policy Regarding the Non-Mortgage Loan Portfolio and Settlement Balances
Under its Standing Liquidity Facility (SLF), the Bank of Canada is prepared to provide liquidity on a daily basis to financial institutions that participate directly in the payments systems operated by Payments Canada. Loans made by the Bank of Canada must be fully collateralized. To give institutions greater flexibility in managing their collateral, effective immediately, the Bank of Canada will allow Large Value Transfer System (LVTS) participants to temporarily assign 100 per cent of their non-mortgage loan portfolio (NMLP) as pledged collateral for the SLF. For LVTS participants who do not use their NMLP, ... (full story)