Summary of ad hoc communication

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

Date Action Communication
20/03/2020 Daily US dollar operations with 1-week maturity In line with the press release of 20 March 2020 on coordinated central bank action to enhance the provision of global US dollar liquidity (see press release), the ECB will offer daily US dollar operations with 1-week maturity. These operations will commence on Monday, 23 March 2020, at 9:15 CET. Counterparties will have time until Monday, 23 March 2020, 9:45 (CET) to submit bids and the results of the operation will be published on Monday, 23 March 2020, at 10:50 (CET).
16/03/2020 US dollar operations with 84-day maturity In line with the press release of 15 March 2020 on coordinated central bank action to enhance the provision of global US dollar liquidity (see press release), the ECB will offer weekly US dollar operations with 84-day maturity. Those operations will be conducted in parallel with the existing 1-week US dollar operations. The first US dollar operation with 84-day maturity will be announced on Wednesday, 18 March 2020, at 9:15 CET. Counterparties will have time until Wednesday, 18 March 2020, 9:45 (CET) to submit bids and the results of the operation will be published on Wednesday, 18 March 2020, at 10:50 (CET).
16/03/2020 Series of additional LTROs In line with Governing Council decision of 12 March 2020, the Eurosystem will conduct on a weekly basis, temporarily, additional longer term operations (LTROs) to provide immediate liquidity support to the euro area financial system (See press release for details and schedule). The first additional LTRO will be announced on Monday, 16 March 2020, at 15:10 (CET). Counterparties will have time until Tuesday, 17 March 2020, 10:30 (CET) to submit bids and the results of the operation will be published on Tuesday, 17 March 2020, at 12:30 (CET).
13/03/2020 TLTRO II voluntary repayments In line with Decision ECB/2016/10 of 28 April 2016 as amended by Decisions ECB/2016/30 of 31 October 2016 and ECB/2019/22 of 22 July 2019, participants in the second series of TLTROs shall have, on a quarterly basis, the option of terminating or reducing their outstanding amount in these operations before maturity. Accordingly, on 25 March 2020 a total of EUR 92,623.38 million will be repaid. This amount corresponds to repayments in tenders: 20160065 of EUR 65,566.24 million by 68 counterparties, 20160103 of EUR 4,409.2 million by 16 counterparties, 20160133 of EUR 6,735.8 million by 14 counterparties and 20170028 of 15,912.14 million by 31 counterparties.
02/03/2020 TLTRO II voluntary repayments In line with Decision ECB/2016/10 of 28 April 2016 as amended by Decisions ECB/2016/30 of 31 October 2016 and ECB/2019/22 of 22 July 2019 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 25 March 2020 (settlement date of the operation), participants of the first, second, third and fourth TLTRO-II operations (tenders 20160065, 20160103, 20160133 and 20170028) shall notify the relevant National Central Bank by 11 March 2020 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 13 March 2020 by 12.05 CET.
06/12/2019 TLTRO II voluntary repayments In line with Decision ECB/2016/10 of 28 April 2016 as amended by Decisions ECB/2016/30 of 31 October 2016 and ECB/2019/22 of 22 July 2019, participants in the second series of TLTROs shall have, on a quarterly basis, the option of terminating or reducing their outstanding amount in these operations before maturity. Accordingly, on 18 December 2019 a total of EUR 146,809.09 million will be repaid. This amount corresponds to repayments in tenders: 20160065 of EUR 112,104.83 million by 72 counterparties, 20160103 of EUR 10,687.50 million by 15 counterparties, 20160133 of EUR 9,620.80 million by 12 counterparties and 20170028 of 14,395.96 million by 23 counterparties.
25/11/2019 TLTRO II voluntary repayments In line with Decision ECB/2016/10 of 28 April 2016 as amended by Decisions ECB/2016/30 of 31 October 2016 and ECB/2019/22 of 22 July 2019 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 18 December 2019 (settlement date of the operation), participants of the first, second, third and fourth TLTRO-II operations (tenders 20160065, 20160103, 20160133 and 20170028) shall notify the relevant National Central Bank by 4 December 2019 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 6 December 2019 by 12.05 CET.
23/09/2019 Asset purchase programmes Due to the quarterly NCB balance sheet reporting schedules, the monthly APP information releases will occur one day later than usual, i.e. on Wednesday 2 October at 15:45.