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Summary of ad hoc communication

Related to monetary policy implementation issued by the ECB (last 6 months)

Date Action Communication
23/11/2016 TLTRO voluntary repayments In line with Decision ECB/2016/11 of 28 April 2016 amending Decision ECB/2014/34 of 29 July 2014 on measures related to targeted longer-term refinancing operations, participants in the first series of TLTROs shall have, on a semi-annual basis, the option of terminating or reducing their outstanding amount of TLTROs before maturity. In order to benefit from the early repayment procedure on 21 December 2016, participants of the second TLTRO operation (tender 20140242) shall notify the relevant National Central Bank by 7 December 2016 at 17.00 CET, at the latest, that they intend to repay under this early repayment procedure. Such a notification shall become binding on the participant by that date. Participants shall notify the repayment amount according to the operational procedures established by the relevant National Central Bank. The total repayment amount of the second TLTRO operation will be publicly announced on 9 December 2016 by 12.05 CET.
07/11/2016 Asset purchase programmes The Eurosystem will temporarily pause APP purchases (PSPP, CBPP3, CSPP and ABSPP) between 22 December and 30 December 2016, inclusive, in anticipation of lower market liquidity during this period and in order to reduce possible market distortions. Purchases will resume on 2 January 2017. Moreover, purchases during the period 29 November to 21 December will be somewhat frontloaded to take advantage of the relatively better market conditions expected during the early part of the month.
16/09/2016 TLTRO voluntary repayment In line with Decision ECB/2014/34 of 29 July 2014 as amended by Decisions ECB/2015/5 of 10 February 2015 and ECB/2016/11 of 28 April 2016, participants in the first series of TLTROs shall have, on a semi-annual basis, the option of terminating or reducing their outstanding amount in these operations before maturity. Accordingly, on 28 September 2016 a total of EUR 9,361.28 million will be repaid. This amount corresponds to repayments in tender 20140189 of EUR 9,361.28 million by 11 counterparties.
09/09/2016 TLTRO mandatory repayments In line with Decision ECB/2014/34 of 29 July 2014 (Articles 7(1) and 7(2)) as amended by Decisions ECB/2015/5 of 10 February 2015 and ECB/2016/11 of 28 April 2016, participants in the first series of TLTROs shall be required to either repay their initial and additional TLTRO borrowings in full or the amount of their excess additional borrowing on 28 September 2016. Accordingly, on 28 September 2016 a total of EUR 1,682.16 million will be repaid. This amount corresponds to repayments in tenders: 20140189 of EUR 58.55 million by 6 counterparties; 20140242 of EUR 1,054.55 million by 4 counterparties; 20150034 of EUR 166.29 million by 4 counterparties; 20150065 of EUR 402.77 million by 1 counterparty. There were no mandatory repayments for tenders 20150097, 20150125, 20160026 and 20160063.
08/09/2016 TLTRO voluntary repayments In line with Decision ECB/2016/11 of 28 April 2016 amending Decision ECB/2014/34 of 29 July 2014 on measures related to targeted longer-term refinancing operations, participants in the first series of TLTROs shall have, on a semi-annual basis, the option of terminating or reducing their outstanding amount of TLTROs before maturity. In order to benefit from the early repayment procedure on 28 September 2016, participants of the first TLTRO operation (tender 20140189) shall notify the relevant National Central Bank by 14 September 2016 at 17.00 CET, at the latest, that they intend to repay under this early repayment procedure. Such a notification shall become binding on the participant by that date.Participants shall notify the repayment amount according to the operational procedures established by the relevant National Central Bank. The total repayment amount of the first TLTRO operation will be publicly announced on 16 September 2016 by 12.05 CET.
10/06/2016 TLTRO voluntary repayments In line with Decision ECB/2016/11 of 28 April 2016, participants in the first series of TLTROs have the option of terminating or reducing their outstanding amount in these operations before maturity. Accordingly, on 29 June 2016 a total of EUR 367,862.70 million will be repaid. This amount corresponds to repayments in tenders: 20140189 of EUR 72,933.80 million by 233 counterparties; 20140242 of EUR 114,484.13 million by 284 counterparties; 20150034 of EUR 76,574.41 million by 121 counterparties; 20150065 of EUR 67,922.87 million by 115 counterparties; 20150097 of EUR 14,214.58 million by 78 counterparties; 20150125 of EUR 17,837.68 million by 45 counterparties; 20160026 of EUR 3,895.23 million by 10 counterparties.
01/06/2016 TLTRO voluntary repayments In line with Decision ECB/2016/11 of 28 April 2016, participants in the first series of TLTROs shall have an additional option of terminating or reducing their outstanding amount of TLTROs before maturity on 29 June 2016. In order to benefit from this early repayment procedure, participants shall notify the relevant National Central Bank by 8 June 2016 at 17.00 CET, at the latest, the amounts they intend to repay under this early repayment procedure with a breakdown by TLTRO operation and according to the operational procedures established by the relevant National Central Bank. The total repayment amount by TLTRO operation will be publicly announced on 10 June 2016 by 14.00 CET.