LONDON – The Financial institution of England mentioned on Monday that it was updating the eligibility standards for entry to its short-term non-sterling liquidity services, to higher align eligibility with the central financial institution’s different lending instruments.
Solely Sterling Financial Framework (SMF) members which might be individuals in Open Market Operations (OMOs) shall be eligible to take part within the short-term non-sterling liquidity services with impact from Aug. 8, the financial institution mentioned.
“This alteration won't have any quick affect on corporations that may at present use these services. Contributors whose entry to short-term non-sterling liquidity services is affected by this variation will likely be given a six-month grace interval,” the BoE mentioned.
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