Indexed Long-Term Repo operations and Short term: Difference between pages

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''Bank of England.''
(ST).


(ILTR).
1.


The Bank of England's (Bank's) Indexed Long-Term Repo (ILTR) operations are one of three key components of the liquidity insurance part its Sterling Monetary Framework (SMF).
In financial markets 'short term' usually means remaining maturities of up to and including one year.


The ILTR is designed for predictable and regular liquidity needs.
There are some minor exceptions. For example in bond markets 'short term' can refer to original maturities of less than two years.




The ILTR's key features are:
2.
*Monthly auctions.
*Six-month term.
*Bank of England reserves (effectively cash) lent against collateral.


''Financial reporting''.


The ILTR lending rate is indexed to the Official Bank Rate, to enable banks and other participants to take part without needing to take a view on the likely future path of the Bank Rate.  
For financial reporting purposes, short term borrowings and other liabilities are ones payable within a year, or the next financial reporting period, if shorter.




The other two key facilities in the Bank's liquidity insurance structure are the Discount Window Facility (DWF) and the Contingent Term Repo Facility (CTRF).
== See also ==
* [[Balance sheet]]
* [[Bond]]
* [[Longer term]]
* [[Maturity]]
* [[Quoted rate]]
* [[Short]]
* [[Short dates]]
* [[Short-term investments]]
* [[Short-term notes payable]]
* [[Short termism]]


 
[[Category:Planning_and_projects]]
==See also==
[[Category:The_business_context]]
*[[Bank of England]]
*[[Collateral]]
*[[Contingent Term Repo Facility]]
*[[Discount Window Facility]]
*[[Liquidity]]
*[[Liquidity insurance]]
*[[Official Bank Rate]]
*[[Operational Standing Facilities]]
*[[Repo]]
*[[Reserves]]
*[[Sterling Monetary Framework]]

Revision as of 14:01, 6 July 2022

(ST).

1.

In financial markets 'short term' usually means remaining maturities of up to and including one year.

There are some minor exceptions. For example in bond markets 'short term' can refer to original maturities of less than two years.


2.

Financial reporting.

For financial reporting purposes, short term borrowings and other liabilities are ones payable within a year, or the next financial reporting period, if shorter.


See also

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