The European Central Bank (ECB) and Danmarks Nationalbank have reactivated the existing currency arrangement (swap line) and increased the maximum amount to be borrowed by Danmarks Nationalbank from €12 billion to €24 billion. It will remain in place for as long as needed.
The purpose of the reactivation is for Danmarks Nationalbank to provide euro liquidity to Danish financial institutions. Against this background, Danmarks Nationalbank conducts auctions, where EUR liquidity is offered to the monetary policy counterparties of Danmarks Nationalbank. Loans are provided against Nationalbanken's eligible collateral for monetary policy operations.
The minimum bid rate will be announced on the auction day at 10.00 together with Danmarks Nationalbank's other market operations.
Monetary counterparts can submit their bids in the bid form (found under documents in the right side) between 10.00 and 11.00. The auction results will be published 11.30 via the news agencies and this webpage, cf. the auction terms found under documents.
Auction schedule
| Auction date |
Settlement date |
Maturity date |
Term, days |
Max volume, EUR million |
Auction procedure |
* Tentative auction dates.
Auction results
| Auction date |
Settlement date |
Maturity date |
Term, days |
Bid, EUR million |
Allotment, EUR million |
Cutoff rate, per cent p.a. |
Number of counterparts |
| 03-12-2020 |
04-12-2020
|
26-02-2021
|
84 |
0 |
0 |
- |
- |
| 24-09-2020 |
25-09-2020 |
18-12-2020 |
84 |
0 |
0 |
- |
- |
| 10-09-2020 |
11-09-2020 |
04-12-2020 |
84 |
0 |
0 |
- |
- |
| 27-08-2020 |
28-08-2020 |
20-11-2020 |
84 |
0 |
0 |
- |
- |
| 20-08-2020 |
21-08-2020 |
13-11-2020 |
84 |
0 |
0 |
- |
- |
| 13-08-2020 |
14-08-2020 |
06-11-2020 |
84 |
0 |
0 |
- |
- |
| 06-08-2020 |
07-08-2020 |
30-10-2020 |
84 |
0 |
0 |
- |
- |
| 30-07-2020 |
31-07-2020 |
23-10-2020 |
84 |
0 |
0 |
- |
- |
| 23-07-2020 |
24-07-2020 |
16-10-2020 |
84 |
0 |
0 |
- |
- |
| 16-07-2020 |
17-07-2020 |
09-10-2020 |
84 |
0 |
0 |
- |
- |
| 09-07-2020 |
10-07-2020 |
02-10-2020 |
84 |
0 |
0 |
- |
- |
| 02-07-2020 |
03-07-2020 |
25-09-2020 |
84 |
0 |
0 |
- |
- |
| 25-06-2020 |
26-06-2020 |
18-09-2020 |
84 |
0 |
0 |
- |
- |
| 18-06-2020 |
19-06-2020 |
11-09-2020 |
84
|
0 |
0 |
- |
- |
| 09-06-2020 |
10-06-2020 |
04-09-2020 |
86 |
0 |
0 |
- |
- |
| 03-06-2020 |
04-06-2020 |
28-08-2020 |
85 |
0 |
0 |
- |
- |
| 28-05-2020 |
29-05-2020 |
21-08-2020 |
84 |
0 |
0 |
- |
- |
| 19-05-2020 |
20-05-2020 |
14-08-2020 |
86 |
0 |
0 |
- |
- |
| 14-05-2020 |
15-05-2020 |
07-08-2020 |
84 |
0 |
0 |
- |
- |
| 06-05-2020 |
07-05-2020 |
31-07-2020 |
85 |
0 |
0 |
- |
- |
| 29-04-2020 |
30-04-2020 |
24-07-2020 |
85 |
0 |
0 |
- |
- |
| 23-04-2020 |
24-04-2020 |
17-07-2020 |
84 |
0 |
0 |
- |
- |
| 16-04-2020 |
17-04-2020 |
10-07-2020 |
84 |
0 |
0 |
- |
- |
| 03-04-2020 |
06-04-2020 |
26-06-2020 |
81 |
0 |
0 |
- |
- |