Summary of ad hoc communication

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

Date Action Communication
15/06/2018 TLTRO voluntary repayments 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 27 June 2018 a total of EUR 3,519.85 million will be repaid. This amount corresponds to repayments in tenders: 20140242 of EUR 20 million by 1 counterparty, 20150065 of EUR 373.24 million by 3 counterparties, 20150125 of EUR 103 million by 2 counterparties and 20160063 of EUR 3,023.61 million by 10 counterparties.
11/06/2018 TLTRO voluntary repayments In line with Decision ECB/2016/10 of 28 April 2016 on measures related to targeted longer-term refinancing operations, participants in the second series of TLTROs (TLTRO-II) shall have, on a quarterly basis, the option of terminating or reducing their outstanding amount of TLTROs before maturity. In order to benefit from the early repayment procedure on 27 June 2018 (settlement date of the operation), participants of the first TLTRO-II operation (tender 20160065) shall notify the relevant National Central Bank by 20 June 2018 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 by TLTRO operations will be publicly announced on 22 June 2018 by 12.05 CET.
04/06/2018 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 27 June 2018 (= settlement of the operation), participants of the second, fourth, sixth and eighth TLTRO operations (tenders 20140242, 20150065, 20150125, 20160063) shall notify the relevant National Central Bank by 13 June 2018 at 17.00 CET, at the latest, that they intend to repay under this early repayment procedure with a breakdown by TLTRO operation. Such a notification shall become binding on the participant by that date. Participants shall notify the repayment amount by TLTRO operation according to the operational procedures established by the relevant National Central Bank. The total repayment amount by TLTRO operations will be publicly announced on 15 June 2018 by 12.05 CET.
29/03/2018 Asset purchase programmes Due to the Easter holidays and the quarterly NCB balance sheet reporting schedules, the weekly and monthly APP information releases will occur two days later than usual, i.e. on Wednesday 4 April at 15:45.
16/03/2018 TLTRO voluntary repayments 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 March 2018 a total of EUR 946.56 million will be repaid. This amount corresponds to repayments in tenders: 20140189 of EUR 0.00 million, 20150034 of EUR 146.2 million by 3 counterparties, 20150097 of EUR 621.66 million by 4 counterparties and 20160026 of EUR 178.7 million by 3 counterparties.
05/03/2018 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 March 2018 (= settlement of the operation), participants of the first, third, fifth and seventh TLTRO operations (tenders 20140189, 20150034, 20150097 and 20160026) shall notify the relevant National Central Bank by 14 March 2018 at 17.00 CET, at the latest, that they intend to repay under this early repayment procedure with a breakdown by TLTRO operation. Such a notification shall become binding on the participant by that date. Participants shall notify the repayment amount by TLTRO operation according to the operational procedures established by the relevant National Central Bank. The total repayment amount by TLTRO operations will be publicly announced on 16 March 2018 by 12.05 CET.
19/12/2017 Asset purchase programmes To ensure consistency with the publication of the Eurosystem Weekly Financial Statement, the weekly APP information release will occur two days later than usual, i.e. on Wednesday 27 December 2017 at 15:45.
19/12/2017 Asset purchase programmes Similarly to 2015 and 2016, the Eurosystem will temporarily pause APP purchases (PSPP, CBPP3, CSPP and ABSPP) from 21 December to 29 December 2017, inclusive, in anticipation of significantly lower market liquidity during this period, and in order to reduce possible market distortions. Purchases will resume on 2 January 2018. Moreover, purchases in December will be somewhat frontloaded to take advantage of the relatively better market conditions expected during the earlier part of the month. The APP securities lending facilities of the Eurosystem will remain operational on all business days, including the period from 21 December to 29 December 2017. To ensure consistency with the publication of the Eurosystem Weekly Financial Statement (including quarterly revaluation adjustments), the first publication in 2018 of the asset purchase programme holdings will be postponed until Wednesday, 3 January 2018 at 15:45.