Tender Operation-Announcement
Reference Number: 20110024
Transaction Type: FIXED_TERM_DEPOSIT
Operation Type: LIQUIDITY_ABSORBING
Procedure: QUICK_TENDER
Time for Submission of Bids: 12:05
Start Date: 02/03/2011
Maturity Date: 09/03/2011
Duration (days): 7
Auction Type: VARIABLE_RATE
Allotment Method: MULTIPLE_RATE
Max Rate: 1 %
Min Bid Amount: 1 mn
With this operation, the ECB intends to absorb an amount of EUR 77.5 billion, corresponding to the amount of purchases under the Securities Markets Programme that were settled, and not yet matured, by Friday 25 February 2011. In this operation the number of bids is restricted to two per counterparty.
