Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Changes To Term Lending Facility

In conjunction with the Government’s review of the Business Finance Guarantee Scheme, the Reserve Bank today outlined the revised operational details of the Term Lending Facility (TLF).

Under the revised facility, the Reserve Bank will continue to offer to lend funds to banks at the Official Cash Rate, however the term has been extended to five years from three years.

The new facility will be available to use from 26 August and now runs through to 1 February 2021. The table below shows the TLF schedule dates.

More details about the TLF can be found in the Domestic Markets markets release - Reserve Bank outlines details of revised Term Lending Facility

TLF Schedule (dates are inclusive)

Offering 10.00am-12.00pm and 1.00pm-3.00pm 
26 August 2020 – 28 August 2020
24 September 2020 – 28 September 2020
27 October 2020 – 29 October 2020
25 November 2020 – 27 November 2020
23 December 2020 – 30 December 20201
28 January 2021 – 1 February 2021

1December dates have been adjusted to take account of the Christmas period. The 24 December window will only be available from 10am to 12pm.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.