On Sep. 22, BNG CB issued guidance re assured liquidity support.
BNG CB issued circular letter to all primary dealer banks regarding provision of assured liquidity support (ALS) to maintain consistency in money market interest rate structure and implement complete monetary policy transmission.
Follows BNG CB Nov. 2020 updated on benchmark government securities, #90768.
Outline of Guidance
From Oct. 1, 2025 to Oct. 31, 2025, treasury bills and bonds purchased by primary dealer banks from primary auctions (issue/re-issue) held in previous 2 months from ALS provision date will be considered eligible collateral.
From Nov. 1, 2025 to Nov. 30, 2025, treasury bills and bonds purchased by primary dealer banks from primary auctions (issue/re-issue) held in previous 1 month from ALS provision date will be considered eligible collateral.
Effectiveness
ALS will not be provided from Dec. 1, 2025 onwards.
