Regulatory Alerts2022-06-01
Guidelines for Accessing Emergency Liquidity Assistance Facility
The Bank of Uganda has established the Emergency Liquidity Assistance (ELA) facility to provide solvent supervised financial institutions with a lender-of-last-resort window for addressing idiosyncratic or systemic liquidity stress. Eligible institutions must submit applications at least two working days in advance, demonstrate exhausted alternative liquidity sources, and present a viable Liquidity Restoration Plan alongside pre-positioned collateral valued through mark-to-market or independent appraisal. Borrowings are priced at the Bank Rate with durations up to twelve months, subject to enhanced ongoing supervisory monitoring and confidential reporting until full repayment.
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