We have today extended the window for the Term Lending Facility (TLF), which is now available to banks until 28 July 2021.
The TLF allows banks to access long-term funding at a low interest rate to promote business lending under the government’s Business Finance Guarantee Scheme.
Under the TLF, funding is provided at the Official Cash Rate and requires approved eligible collateral to be pledged in a similar manner to our Open Market Operation. These details can be found on the Domestic Markets page.
We will make this facility available for eligible counterparties to use on the 18th to 20th business day (inclusive) of each month, for a further six months. The schedule below shows the revised TLF programme dates from 23 December to the end date of 28 July 2021.
We reserve the right to alter the number of offerings, date, time, and settlement of the facility at our discretion.
TLF Schedule (dates are inclusive)
Offering 10.00am-12.00pm and 1.00pm-3.00pm
23 December 2020 - 30 December 2020
28 January 2021 - 1 February 2021
25 February 2021 - 1 March 2021
24 March 2021 - 26 March 2021
29 April 2021 - 3 May 2021
26 May 2021 - 28 May 2021
25 June 2021 - 29 June 2021
26 July 2021 - 28 July 2021
1 December dates have been adjusted to take account of the Christmas period. The 24 December window will only be available from 10am to 12pm.
For further information contact:
Dean Hill
Senior Manager, Financial Markets
[email protected]
Media contact:
Patrick O’Meara
Senior Adviser External Stakeholders
Patrick.O’[email protected]