MNB units dates for EUR liquidity swap tenders
Friday fifth March 2021 10:00
The Nationwide Financial institution of Hungary (MNB) introduced the dates of the euro liquidity swap tenders it would maintain in late March to ease tensions within the end-of-quarter swap market in a press release on its web site.
The requires tenders will happen on March 24, 29, 30 and 31.
The worth date of the primary tender will likely be March 26 and the swaps will mature on April 8.
The worth dates for the remaining three tenders will likely be March 31 and the swaps will expire on April 1. The MNB doesn’t set a quantity ceiling throughout requires tenders. The central financial institution began working end-of-quarter tenders in September 2020.
With this instrument, the MNB goals “to make sure that variations in short-term returns proceed to be in step with the short-term returns deemed optimum by the Financial Board in every submarket always”.
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