Bank of England opens non-bank lending facility for gilt holders

Facility will only be activated during episodes of ‘severe gilt market dysfunction’

Jonathan Stapleton
clock • 2 min read
The BoE’s CNRF will lend to participating insurance companies, pension schemes and LDI funds during episodes of severe gilt market dysfunction
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The BoE’s CNRF will lend to participating insurance companies, pension schemes and LDI funds during episodes of severe gilt market dysfunction

The Bank of England (BoE) has opened its contingent non-bank financial institution repo facility (CNRF) for applications.

The central bank said the new facility – which will only be activated during episodes of "severe gilt market dysfunction" – will lend to participating insurance companies, pension schemes and liabi...

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