![]() Using our balance sheet to support our mission Part two of our guide gives more details of our individual operations, including who can apply to use them. It explains how we use the assets and liabilities on our balance sheet to achieve our mission. This is part one of our Market Operations Guide. ![]() Parliament gives us statutory responsibility for this work. Our mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability. And, through our network of bilateral swap lines with other central banks, we can offer liquidity in certain non-sterling currencies. We also provide a deposit facility for UK banks which face formal restrictions on engaging in interest-bearing activity. We can also create sterling to undertake asset purchases of high quality liquid assets, which can later be unwound via maturities and sales of those assets. To support our objectives, we can provide longer term sterling liquidity, in the form of term funding. These include unsecured deposits and funding instruments, repo (repurchase) operations, and securities lending. Our sterling facilities start with Sterling Monetary Framework (SMF) operations in short-term sterling money markets. These activities all involve the creation or management of central bank money. To deliver the Bank’s statutory responsibilities for monetary and financial stability we use our balance sheet to provide a range of facilities and operations, available on public, market-wide terms to eligible financial firms. Our tools – How we use our balance sheet to achieve themĪ summary of the Bank’s market operations News and publications Open News and publications sub menu.Option-implied probability density functions Gross Domestic Product Real-Time Database The PRA’s statutory powers and enforcement Money Markets Committee and UK Money Markets Code Greening our Corporate Bond Purchase Scheme (CBPS) Operational resilience of the financial sector This does not include cheques written or deposited, branch cash withdrawals, transfers or payments to any BOQ account or to a non-BOQ account via Internet Banking, in branch or at ATMs, transfer of funds to accounts held at an overseas bank, pending Visa Debit Card transactions and BOQ Credit Card transactions.Wholesale cash distribution in the futureįinancial market infrastructure supervision at least 5 direct debit transactions, ATM withdrawals, BPAY payments, or purchases of goods or services from a Merchant are made in the prior calendar month by using your eftpos Card or BOQ Visa Debit Card associated with your linked Everyday Account. If Bonus Criteria conditions are not met the variable Base Rate only will apply. Interest is calculated on a stepped basis and paid monthly on the first day of the following month. In the first month, Bonus Criteria on the transaction account is measured from the time the Saver Account is opened, not the full calendar month even if the transaction account was already existing. The variable Base Rate always applies in the first month after opening an account. ![]() If a transaction is made but settles in the following calendar month then the transaction will be counted in the following calendar month. Transactions that are not settled (are pending) do not count towards the Bonus Criteria. This does not include cheques written or deposited, branch cash withdrawals, transfers or payments to any BOQ account or to a non-BOQ account via Internet Banking, in branch or at ATMs, transfer of funds to accounts held at an overseas bank, pending Visa Debit Card transactions and BOQ Credit Card transactions. at least 5 direct debit transactions, ATM withdrawals, BPAY payments, or purchases of goods or services from a Merchant are made in the prior calendar month by using your eftpos Card or BOQ Visa Debit Card associated with your linked Everyday Account. This excludes cash and cheque deposits and amounts transferred from another one of your BOQ Accounts including any Account you may be linked to as an Authorised User or joint Account holder a minimum of $1,000 is credited electronically to the linked Everyday Account in the prior calendar month. Bonus Criteria will be met where both the following conditions are met: **A Bonus Interest variable rate will only be paid if Bonus Criteria are met in the previous month. ^^Interest rates are variable rates and are subject to change at any time without notice.
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