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Monetary policy operation

Wednesday, 6 October 2004

The Central Bank of Cyprus announces that an auction for the acceptance of deposits will be conducted on 7 October 2004, as follows:

 

Operation type: Liquidity absorbing
Procedure: Standard tender
Tender date: 7 October 2004
Time for submission of bids: 08.00 – 09.00 a.m.
Start date: 7 October 2004
Maturity date: 21 October 2004
Duration (days): 14
Auction type: Variable rate tender
Allotment method: Multiple rate
Maximum total amount of deposits: £120.000.000
Maximum bid rate: 4,50%
Minimum bid amount: £100.000

 

Only the counterparties to the Central Bank of Cyprus monetary policy operations can participate.