SNB COVID-19 refinancing facility (CRF)

The Swiss National Bank (SNB) is setting up a temporary standing facility called the SNB COVID-19 refinancing facility (CRF) in order to cushion the economic impact of the coronavirus pandemic. Under this facility, liquidity can be drawn as a covered loan against credit claims in accordance with the COVID-19 ordinance on joint and several guarantees (COVID-19-Solidarbürgschaftsverordnung) and, at the discretion of the SNB, against other collateral it deems eligible.

Instruction sheet

Additional documents

Communication