Press release on the amendments to the procedures on open market operations
19.03.2010
As of April 19, 2010, the amendments to the Procedures for enforcing Regulation no.1/2000, as approved by the Board of the National Bank of Romania in its meeting of February 24, 2010 and published in the Official Journal of Romania no. 165/15.03.2010, will take effect.
The amendments envisage the improvement of the liquidity management and refer to:
- the extension of the list of eligible collateral for the NBR money market operations to include the foreign exchange denominated bonds issued by the Ministry of Public Finance on the domestic market;
- the setting of the haircut (the margin deducted from the market value of the eligible assets to get their adjusted value) applicable to the new eligible assets at 8.00 percent; and
- the possibility of converting the intraday repo into a standing facility (Lombard credit).