EUROPEAN CENTRAL BANK
EUROSYSTEM
Indicative calendar for the third series of targeted longer-term refinancing operations (TLTROs-III)1
TLTRO-III.1 | TLTRO-III.2 | TLTRO-III.3 | TLTRO-III.4 | TLTRO-III.5 | TLTRO-III.6 | TLTRO-III.7 | ||||||||||||
Wed, 14/08/2019 | Mon, 04/11/2019 | Mon, 10/02/2020 | Mon, 11/05/2020 | Mon, 17/08/2020 | Mon, 02/11/2020 | Mon, 08/02/2021 | ||||||||||||
(application must be based on | (application must be based on | (application must be based on | (application must be based on | |||||||||||||||
Lead institutions apply to their home NCB for TLTRO-III group | (application must be based on | (application must be based on | (application must be based on | |||||||||||||||
the most up-to-date data on | the most up-to-date data on | the most up-to-date data on | the most up-to-date data on | |||||||||||||||
the most up-to-date data on | the most up-to-date data on | the most up-to-date data on | ||||||||||||||||
treatment or changes to TLTRO-III group compositions (18:00)2 | close links and indirect reserve | close links and indirect reserve | close links and indirect reserve | close links and indirect reserve | ||||||||||||||
close links and indirect reserve | holdings as at 31 October | holdings as at 31 January | close links and indirect reserve | close links and indirect reserve | holdings as at 31 October | holdings as at 31 January | ||||||||||||
holdings as at 31 July 2019) | holdings as at 30 April 2020) | holdings as at 31 July 2020) | ||||||||||||||||
2019) | 2020) | 2020) | 2021) | |||||||||||||||
NCBs provide confirmation to lead institution on TLTRO-III group | Fri, 23/08/2019 | Thu, 14/11/2019 | Thu, 20/02/2020 | Thu, 21/05/2020 | Thu, 27/08/2020 | Thu, 12/11/2020 | Thu, 18/02/2021 | |||||||||||
treatment/changes to group compositions (15:30)2 | ||||||||||||||||||
Tue, 27/08/2019 | Mon, 18/11/2019 | Mon, 24/02/2020 | Mon, 25/05/2020 | Mon, 31/08/2020 | Mon, 16/11/2020 | Mon, 22/02/2021 | ||||||||||||
Reporting period: | Reporting period: | Reporting period: | Reporting period: | Reporting period: | Reporting period: | Reporting period: | ||||||||||||
Deadline for the first report applicable to counterparties or groups | Sun, 01/04/2018 to | Sun, 01/04/2018 to | Sun, 01/04/2018 to | Sun, 01/04/2018 to | Sun, 01/04/2018 to | Sun, 01/04/2018 to | Sun, 01/04/2018 to | |||||||||||
Sun, 31/03/2019 | Sun, 31/03/2019 | Sun, 31/03/2019 | Sun, 31/03/2019 | Sun, 31/03/2019 | Sun, 31/03/2019 | Sun, 31/03/2019 | ||||||||||||
participating for the first time or revised report as a result of data | ||||||||||||||||||
Data vintage used for BSI | Data vintage used for BSI | Data vintage used for BSI | Data vintage used for BSI | Data vintage used for BSI | Data vintage used for BSI | Data vintage used for BSI | ||||||||||||
revisions, corporate reorganisations or changes in TLTRO-III | ||||||||||||||||||
transmission with June 2019 | transmission with September | transmission with December | transmission with March 2020 | transmission with June 2020 | transmission with September | transmission with December | ||||||||||||
groups (18:00)2,3 | ||||||||||||||||||
as the reference month | 2019 as the reference month | 2019 as the reference month | as the reference month | as the reference month | 2020 as the reference month | 2020 as the reference month | ||||||||||||
Borrowing allowance calculated on the basis of eligible loans outstanding as at 28.02.2019 | ||||||||||||||||||
Deadline for the reporting of self-securitised loans together with its | Mon, 24/02/2020 | Mon, 25/05/2020 | Mon, 31/08/2020 | Mon, 16/11/2020 | Mon, 22/02/2021 | |||||||||||||
auditor's evaluation (18:00)2,5 | ||||||||||||||||||
NCBs inform counterparties about bid limits and borrowing | Mon, 16/09/2019 | Mon, 09/12/2019 | Mon, 16/03/2020 | Mon, 15/06/2020 | Mon, 21/09/2020 | Mon, 07/12/2020 | Mon, 15/03/2021 | |||||||||||
allowances (by 15:30 at the latest)2 | ||||||||||||||||||
Announcement (15:40) | Tue, 17/09/2019 | Tue, 10/12/2019 | Tue, 17/03/2020 | Tue, 16/06/2020 | Tue, 22/09/2020 | Tue, 08/12/2020 | Tue, 16/03/2021 | |||||||||||
Deadline for counterparties to submit bids (09:30) | Wed, 18/09/2019 | Wed, 11/12/2019 | Wed, 18/03/2020 | Wed, 17/06/2020 | Wed, 23/09/2020 | Wed, 09/12/2020 | Wed, 17/03/2021 | |||||||||||
Publication of allotment results (11:30) | Thu, 19/09/2019 | Thu, 12/12/2019 | Thu, 19/03/2020 | Thu, 18/06/2020 | Thu, 24/09/2020 | Thu, 10/12/2020 | Thu, 18/03/2021 | |||||||||||
Settlement | Wed, 25/09/2019 | Wed, 18/12/2019 | Wed, 25/03/2020 | Wed, 24/06/2020 | Wed, 30/09/2020 | Wed, 16/12/2020 | Wed, 24/03/2021 | |||||||||||
Deadline for the result of the auditor's evaluation of the first report | 4 | |||||||||||||||||
(18:00)2 | Thu, 21/01/2021 | Fri, 16/07/2021 | ||||||||||||||||
Tue, 17/08/2021 | ||||||||||||||||||
Deadline for the second report (including the special reference | Reporting period: | |||||||||||||||||
period), and the result of the auditor's evaluation of the second | 01.04.2019 to 31.03.2021 (also for the optional special reference period: 01.03.2020 to 31.03.2021) | |||||||||||||||||
report (18:00)2 | Data vintage used for BSI transmission | |||||||||||||||||
with May 2021 as the reference month | ||||||||||||||||||
NCBs inform counterparties about their interest rate related data | Fri, 10/09/2021 | Fri, 10/09/2021 | Fri, 10/09/2021 | Fri, 10/09/2021 | Fri, 10/09/2021 | Fri, 10/09/2021 | Fri, 10/09/2021 | |||||||||||
(15:30)2 | ||||||||||||||||||
Deadline for counterparties to notify NCBs of first voluntary early | Wed, 22/09/2021 | Wed, 22/09/2021 | Wed, 22/09/2021 | Wed, 22/09/2021 | Wed, 22/09/2021 | Wed, 15/12/2021 | Wed, 23/03/2022 | |||||||||||
repayment request (17:00) | ||||||||||||||||||
Settlement of first voluntary early repayment | Wed, 29/09/2021 | Wed, 29/09/2021 | Wed, 29/09/2021 | Wed, 29/09/2021 | Wed, 29/09/2021 | Wed, 22/12/2021 | Wed, 30/03/2022 | |||||||||||
NCBs inform counterparties about final interest rates (15:30)2 | Fri, 23/09/2022 | Fri, 16/12/2022 | Fri, 24/03/2023 | Fri, 23/06/2023 | Fri, 22/09/2023 | Fri, 15/12/2023 | Fri, 22/03/2024 | |||||||||||
Maturity date | Wed, 28/09/2022 | Wed, 21/12/2022 | Wed, 29/03/2023 | Wed, 28/06/2023 | Wed, 27/09/2023 | Wed, 20/12/2023 | Wed, 27/03/2024 | |||||||||||
- All references to time are to Frankfurt time.
-
The actual dates may be adjusted by NCBs on the grounds of varying bank holidays in Member States whose currency is the euro.
3 The first report shall be made available only at the time of the first participation in the TLTRO-III programme.
- Participants in one of the first three TLTRO-III operations shall make available the auditor's evaluation by 21/01/2021. For those participating for the first time in one of the last four TLTRO-III operations, the deadline is 16/07/2021.
- Participants in one of the first two TLTRO-III operations shall make available the first report according to the deadline but with respect to the information and related audit on self-securitised loans are allowed to make them available by 24/02/2020.
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ECB - European Central Bank published this content on 12 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2021 17:27:01 UTC
