Media Release The RBA Committed Liquidity Facility – Legal Documentation
The Reserve Bank will provide a committed liquidity facility (CLF) as part of Australia's implementation of the Basel III liquidity reforms from 1 January 2015. The facility, which is required because of the limited amount of government debt securities in Australia, is designed to ensure that participating authorised deposit-taking institutions (ADIs) have access to enough liquidity to respond to an acute stress scenario, as specified under the liquidity standard.
The Reserve Bank is now publishing the legal documentation, which provides the full details of the CLF. The documentation consists of the Terms and Conditions and the Operational Notes, and is consistent with the broad framework of the CLF as it was outlined in November 2011.
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