2012-09-03 | 826572272

Banking Circular No 3 of 2012 - Multiple Tenures on Term Auction Deposit (TAD) Facility

The Central Bank of Kenya is introducing multiple tenures of 14, 21, and 28 days for the Term Auction Deposit (TAD) Facility, effective June 6, 2012. The price ceiling for the instrument will be the CBR, currently at 18%. This change aims to provide flexibility to commercial banks in their choice of tenure and offer an alternative investment instrument.

Kenya

Central Bank of Kenya

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