Market operations

Market operations on 20 October 2017

Sale of certificates of deposit

SeriesMaturingPriceRate (p.a.)
17/4327 October 20171,000,126-0.65 pct.

Purchase of certificates of deposit

SeriesMaturingPriceRate (p.a.)Buy-back premium (p.a.)
-----

Collateralised loans, short-term

SeriesMaturingRate (p.a.)
17/4327 October 20170.05 pct.

Published: 20-10-2017

Facts

On the last banking day of each week, Danmarks Nationalbank conducts open market operations, in which the counterparties may raise monetary-policy loans against collateral and make deposits by purchasing certificates of deposit issued by Danmarks Nationalbank. Normally, loans and deposits have a maturity of seven days. The loans and deposits accrue interest at the lending rate and the certificates of deposit rate, respectively.

With effect from 1 February 2017 Danmarks Nationalbank introduced buy-back and sale of certificates of deposit on a daily basis in order to support a smooth exchange of liquidity.