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Complementary Lending Facility

A means by which the Bank extends loans to its counterparties upon request. Loans are limited by the counterparties' amount outstanding of pooled collateral that has been submitted. These loans are basically subject to the basic loan rate and are repayable on the following business day.

Note: The basic rule is that the maximum number of days on which counterparties can use the facility at the basic loan rate is five business days per reserve maintenance period. In principle, counterparties that wish to use the facility beyond this maximum number of days must pay a higher rate of 2 percent plus the basic loan rate. However, the restriction on the maximum number of days has been suspended since March 2003, and the basic loan rate has been applied regardless of the number of days used.

Note: The English translation has been prepared by the Bank's staff based on the Japanese original and is an unofficial translation. The translation is to be used solely as reference material to aid in the understanding of Japanese original.

Introduction or Modification of Schemes of Operations

Table : Introduction or Modification of Schemes of Operations
Date Releases
Jan. 31, 2017 Amendment to "Principal Terms and Conditions for Funds-Supplying Operations against Pooled Collateral" [PDF 453KB]
Aug.  7, 2015 Amendment to "Principal Terms and Conditions for Complementary Lending Facility" in Conjunction with the Forthcoming Implementation of the Second Phase of the New BOJ-NET Project [PDF 30KB]
Feb. 18, 2014 Amendment to "Principal Terms and Conditions for Funds-Supplying Operations against Pooled Collateral"  [PDF 108KB]
Dec. 19, 2008 On Monetary Policy Decisions (Announced at 2:05 p.m.) --Additional Measures regarding Money Market Operation Tools [PDF 86KB]
Oct. 31, 2008 On Monetary Policy Decisions (Change in the Guideline for Money Market Operations, Announced at 1:58pm) [PDF 99KB]
Sep. 19, 2007 Amendments to Principal Terms and Conditions for Money Market Operations and the Complementary Lending Facility [PDF 95KB]
Feb. 21, 2007 Announcement of the Monetary Policy Meeting Decisions (Change in the Guideline for Money Market Operations, Announced at 2:19pm) [PDF 64KB]
Jul. 14, 2006 Announcement of the Monetary Policy Meeting Decisions (Change in the Guideline for Money Market Operations, Announced at 1:40 pm) [PDF 36KB]
Mar. 25, 2003 On Today's Monetary Policy Meeting 
Feb. 28, 2002 On Today's Decision at the Monetary Policy Meeting 
Sep. 18, 2001 Change in the Guideline for Money Market Operations and Reduction in the Official Discount Rate 
Jun. 28, 2001 (Reference) Reform of the Complementary Lending Facility 
Jun. 28, 2001 Amendments to "Principal Terms and Conditions for Complementary Lending Facility" 
Feb. 28, 2001 Change in the Guideline of Money Market Operations and Reduction in the Official Discount Rate 
Feb. 28, 2001 Establishment of "Principal Terms and Conditions for Complementary Lending Facility" 
Feb.  9, 2001 Improvements in the Way of Liquidity Provision and Reduction in the Official Discount Rate 
Feb.  9, 2001 (Chart 1) Improvements in the Way of Liquidity Provision and Reduction in the Official Discount Rate 
Feb.  9, 2001 (Chart 2) How the 'Lombard-type' Lending Works 
Jan. 19, 2001 Chairman's Instructions to the Bank's Staff