The Central Bank of Cyprus announces that an auction for the acceptance of deposits will be conducted on 31 August 2006, as follows:
|
Operation type |
Liquidity absorbing |
|
Procedure |
Standard tender |
|
Tender date |
31 August 2006 |
|
Time for submission of bids |
08.00 – 09.00 a.m. |
|
Start date |
31 August 2006 |
|
Maturity date |
14 September 2006 |
|
Duration (days) |
14 |
|
Auction type |
Variable rate tender |
|
Allotment method |
Multiple rate |
|
Maximum total amount of deposits |
£500.000.000 |
|
Maximum bid rate |
3,25% |
|
Minimum bid amount |
£100.000 |
Only the counterparties to the Central Bank of Cyprus monetary policy operations can participate.