EUR auctions

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
28-05-2020 * 29-05-2020 21-08-2020 84 - Dutch
03-06-2020 * 04-06-2020 28-08-2020 85 - Dutch
09-06-2020 * 10-06-2020 04-09-2020 86 - Dutch
18-06-2020 * 19-06-2020 11-09-2020 84 - Dutch

 * 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
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 - -