The Swiss National Bank (SNB) regularly tests the running of its operations. The aim of the tests is to ensure the operational readiness of the SNB, the market participants and the infrastructure providers.
Liquidity-shortage financing facility
As part of its standing facilities, the SNB provides its counterparties with a liquidity-shortage financing facility (LSFF) to bridge unexpected, short-term liquidity bottlenecks. You are entitled to draw on this facility at any time up to your allocated limit until the next bank working day.
To ensure that you remain familiar with the procedure, we recommend that you test the facility regularly. We would therefore ask you to obtain liquidity under the LSFF on SIX Repo Ltd's trading platform (CO:RE) between 2 and 13 October 2023 using one of the following two channels:
- between 8.00 and 18.00 via bilateral repo order;
ON SNB SPECIAL RATE contract at the applicable special rate
- between 18.00 and 18.15 by submitting an offer during the tender procedure.
The minimum cash amount is CHF 50,000.
The SNB's Money Market team will be happy to help should you have any questions or require further information (+41 58 631 77 00 / firstname.lastname@example.org).