Standing Facilities Provided by the CBRT

Standing Facilities Provided by the CBRT

Turkish Lira Deposit & Lending Facilities

Turkish lira deposit and lending facilities are the standing facilities provided by the CBRT for banks that are willing to borrow or lend Turkish lira within their limits and against collaterals at interest rates announced by the CBRT for certain maturities. The Turkish lira deposit borrowing and lending transactions are carried out in the Interbank Money Market established within the CBRT.

Related Links

Interbank Money Market Transactions Summary

Late Liquidity Window Facility

The Late Liquidity Window is the borrowing facility provided by the CBRT for banks as the lender of last resort to meet their temporary liquidity needs in order to avoid possible problems in the payment system or the lending facility provided by the CBRT for banks to enable them to make use of their excess liquidity at the end of the day.

Intraday Liquidity Facility

The intra-day liquidity facility (IDLF) is a borrowing facility provided by the CBRT for banks with the aim of meeting urgent liquidity needs in the banking system and to remedy any bottlenecks in payment systems during the day. This facility is available for banks throughout the day to the extent of their limits and collateral, against commission and on condition of paying back at the end of day.

Related Links

Monetary and Exchange Rate Policy Documents
Basic Liquidity and FX Policies Decisions
Interbank Money Market Transactions Summary

CBRT Interest Rates

Overnight (o/n)
Late Liquidity Window (LON)
Primary Dealer Repo Rate (o/n)

Liquidity Support Credit Facility

The Liquidity Support Credit is the Turkish lira credit facility that is covered by Article 40 of the CBRT Law. In case of accelerated fund withdrawals due to uncertainty and lack of confidence in the banking system, banks that are subject to uncertainty and lack of confidence can use this facility to cover the funds withdrawn, at an amount up twice of their equity capital. The credits will be available against collateral as advance payments, with one month maturity, for a maximum period of one year.

Related Links

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

Repo - Reverse Repo Facility within the İstanbul Stock Exchange

The CBRT provides Turkish lira repo and reverse repo facility for banks and intermediary institutions for certain maturities at interest rates announced for the transactions that are carried out in Repo Reverse Repo Market within İstanbul Stock Exchange (ISE).

Primary Dealer Liquidity Facility

The Primary Dealer Liquidity Facility is the Turkish lira overnight borrowing facility with predetermined interest rates and limits through repo operations provided for primary dealer banks.

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