Regulatory Alerts2019-02-15
Guideline on Standing Credit Facility, Standing Deposit Facility and Intraday Liquidity Facility for Commercial Banks
The Central Bank of Liberia establishes operational rules for the Standing Credit Facility, Standing Deposit Facility, and Intraday Liquidity Facility to steer short-term interest rates and ensure seamless interbank payments. Commercial banks access these facilities by pledging unencumbered collateral subject to maturity-based haircuts, with interest rates regularly set by the Monetary Policy Committee and requests processed between 3:30 p.m. and 4:30 p.m. Intraday liquidity is provided cost-free if reimbursed by 3:30 p.m., otherwise automatically converting to the overnight credit facility, while non-compliance triggers penalties and potential Emergency Liquidity Assistance.
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