Banks Accessed N956bn in Q3’18 Through CBN’s Standing Facilities Window to Square Up Their Positions

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Thursday, November 22,  2018 / 08:16 AM / CBN                      


CBN Standing Facilities

The banks continued to access the CBN’s Standing Facilities window to square up their positions either by borrowing from the standing lending facility (SLF) window or depositing excess reserves at the standing deposit facility (SDF) window of the CBN at the end of each business day. 

Total request for the Standing Lending Facility (SLF) inclusive of Intra-day lending facilities (ILF) that was converted to overnight repo during the review quarter stood at N956.64 billion, compared with N3,960.24 billion in the preceding quarter. 

Daily average transaction value amounted to N19.13 billion in 50 transaction days, with total interest earned at N3.07 billion. Total standing deposit facility (SDF) granted during the review period was N5,556.63 billion, with daily average of N91.09 billion, in contrast to N5,988.06 billion, in the second quarter of 2018. 

The cost incurred on SDF in the review quarter amounted to N1.99 billion, compared with N2.15 billion in the preceding quarter.


Download Full PDF Report Here – CBN Economic Report for Q3 2018


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