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Securities Lending Facility

A means by which the Bank provides a temporary and secondary source of Japanese government securities (JGSs) to the markets. Securities are sold with repurchase agreements.

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
May  31, 2019 Start Date of the Measures to Relax the Terms and Conditions for the Securities Lending Facility 
Apr. 25, 2019 Relaxation of the Terms and Conditions for the Securities Lending Facility [PDF 93KB]
Oct.  5, 2018 Amendment to "Prices of Eligible Collateral" [PDF 122KB]
Apr. 23, 2018 Temporary Operational Changes to the Securities Lending Facility following the Shortening of JGB Settlement Cycle to T+1 [PDF 14KB]
Sep. 26, 2017 Amendment to "Prices of Eligible Collateral" [PDF 134KB]
Mar. 23, 2017 Measures to Cope with Tighter Supply and Demand Conditions of Japanese Government Securities in the Repo Market at the End of March [PDF 84KB]
Jan. 31, 2017 Amendment to "Principal Terms and Conditions for Funds-Supplying Operations against Pooled Collateral" [PDF 453KB]
Sep. 21, 2016 Amendment to "Guidelines on Eligible Collateral" [PDF 90KB]
Feb. 10, 2016 Operational Changes to the Securities Lending Facility [PDF 34KB]
Dec. 18, 2015 Relaxation of the Terms and Conditions for the Securities Lending Facility [PDF 32KB]
Oct.  7, 2015 Amendment to "Guidelines on Eligible Collateral" [PDF 149KB]
Aug. 31, 2015 Operational Changes to the Securities Lending Facility [PDF 46KB]
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]
Mar. 20, 2015 Operational Changes to the Securities Lending Facility [PDF 43KB]
Oct.  7, 2014 Amendment to "Guidelines on Eligible Collateral" [PDF 79KB]
May  16, 2014 Starting date of the morning offer regarding the Securities Lending Facility 
Apr. 14, 2014 Operational Changes to the Securities Lending Facility [PDF 58KB]
Feb. 18, 2014 Amendment to "Principal Terms and Conditions for Funds-Supplying Operations against Pooled Collateral"  [PDF 108KB]
Oct.  4, 2013 Amendment to "Guidelines on Eligible Collateral" [PDF 250KB]
Oct.  5, 2012 Amendment to "Guidelines on Eligible Collateral" [PDF 67KB]
Oct.  7, 2011 Amendment to "Guidelines on Eligible Collateral" [PDF 102KB]
Oct.  5, 2010 Amendment to "Guidelines on Eligible Collateral" [PDF 59KB]
Oct. 14, 2009 Amendment to "Guidelines on Eligible Collateral" [PDF 36KB]
Feb. 19, 2009 Amendment to "Principal Terms and Conditions for the Sale of Japanese Government Securities with Repurchase Agreements to Provide the Markets with a Secondary Source of Japanese Government Securities" [PDF 29KB]
Feb. 19, 2009 Statement on Monetary Policy (Policy unchanged, Announced at 1:52 p.m.) [PDF 80KB]
Jan. 22, 2009 Amendments to Principal Terms and Conditions for Money Market Operations [PDF 56KB]
Oct. 14, 2008 Introduction of Measures regarding Money Market Operations to Ensure Stability in Financial Markets [PDF 12KB]
Oct.  7, 2008 Amendment to "Guidelines on Eligible Collateral" [PDF 130KB]
Oct. 11, 2007 Amendment to "Guidelines on Eligible Collateral" [PDF 140KB]
Sep. 19, 2007 Amendments to Principal Terms and Conditions for Money Market Operations and the Complementary Lending Facility [PDF 95KB]
Oct. 13, 2006 Amendment to "Guidelines on Eligible Collateral" 
Jul. 21, 2006 Change in Unit for Bid Rates in Competitive Yield Auctions 
Sep.  8, 2005 Amendment to Margin Tables for Eligible Collateral and Study to Revise the Current Bill Purchasing Scheme 
Sep.  8, 2005 Amendment to "Guidelines on Eligible Collateral" 
May  31, 2004 An Amendment to Procedures for Delivery Failure of JGSs in JGS-related Operations 
Apr.  9, 2004 (Reference)Introduction of the Securities Lending Facility to Provide the Markets with a Secondary Source of Japanese Government Securities 
Apr.  9, 2004 Introduction of the Securities Lending Facility to Provide the Markets with a Secondary Source of Japanese Government Securities 
Apr.  9, 2004 Establishment of Principal Terms and Conditions for the Sale of Japanese Government Securities with Repurchase Agreements to Provide the Markets with a Secondary Source of Japanese Government Securities 
Feb. 26, 2004 Study of the Introduction of a Facility to Enhance Liquidity of Japanese Government Securities Markets