Standing Facilities

Standing Facilities

Within the framework of the CBRT's monetary policy objectives, standing facilities refer to Turkish lira (TRY) borrowing and lending facilities provided for banks and intermediary institutions at specific short-term interest rates in order to effectively regulate the money supply and liquidity. General framework of standing facilities is governed by Articles 52, 56 and 40 of the CBRT Law. The CBRT, as the lender of last resort, provides daily or end-of-day credit facilities for the system against collateral to eliminate technical payment problems which may obstruct the efficient functioning of the financial markets, and temporary liquidity shortages that may cause interruptions in the payment system.

Basic Readings For Detailed Information :

The Central Bank of the Republic of Turkey Law


Related Links :

Monetary and Exchange Rate Policy Documents
Basic Liquidity and FX Policies Decisions

The Interest Rate on Borrowing Facilities Provided for Primary Dealers via Repo Transactions




Press Release on the Liquidity Support Credit Facility – 29/01/2009

CENTRAL BANK OF THE REPUBLIC OF TURKEY Head Office Anafartalar Mah. İstiklal Cad. No:10 06050 Ulus Altındağ Ankara Phone : (+90 312) 507 50 00 | Fax : (+90 312) 507 56 40