- Jun. 10, 2019
- Jun. 6, 2019
- May 27, 2019
The purpose of the agreement is to obtain Swiss franc (CHF), 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 Swiss National Bank (SNB) and the BoJ
The BoJ sells yen to the SNB to purchase CHF from the SNB by means of a spot transaction, with a simultaneous agreement by the BoJ to sell CHF to the SNB and to purchase yen from the SNB on the maturity date of such swap transaction by means of a forward transaction.