Treasury Certificates (TC)

WHAT IS A REPO FACILITY?

  • In order to guarantee the availability of securities, the Belgian Treasury has created a repo facility for its primary and recognized dealers. This measure aims to ensure a good functioning secondary market of OLOs and Treasury certificates.
  • If there is a delivery problem, then the Treasury provides for the missing securities via a repo transaction concluded for one business day renewable for a maximum of 20 business days.

 WHAT ARE THE CONDITIONS ?

  • The Treasury has determined the maximum amounts available, depending on the lines and securities concerned. Each dealer has a right to a maximum amount of EUR 500 million for OLOs and Treasury certificates together.
  • The repo rate is Eonia minus a spread.
  • All requests for use of the repo facility should be addressed to the Treasury before 2.30 PM.