- Dec. 8, 2019
- Nov. 29, 2019
- Nov. 28, 2019
The purpose of the agreement is to obtain Canadian dollar (CAD), which is to be provided to financial institutions for the time being by the Bank of Japan (BoJ), to ensure the smooth functioning and stability of financial markets.
The Bank of Canada (BOC) and the BoJ
The BoJ sells yen to the BOC to purchase CAD from the BOC by means of a spot transaction, with a simultaneous agreement by the BoJ to sell CAD to the BOC and to purchase yen from the BOC on the maturity date of such swap transaction by means of a forward transaction.