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Standing Facilities
The MMA Standing facilities aim to provide and absorb overnight liquidity, signal the general monetary policy stance and establish an interest rate corridor by providing a ceiling and a floor for the market interest rate. There are two standing facilities available to commercial banks, the Overnight Deposit Facility and the Overnight Lombard Facility.

Overnight Deposit Facility
The purpose of the MMA’s Overnight Deposit Facility is to enable the commercial banks to place their excess funds denominated in Rufiyaa, with MMA on an overnight basis.The Terms and conditions for the overnight Deposit Facility are contained in Section 3 of the 'MMA Menetary Operations Manual'.

Overnight Lombard Facility
The purpose of the MMA’s Overnight Lombard Facility is to enable the commercial banks to access funds denominated in Rufiyaa, from MMA on an overnight basis.The terms and condition for the Overnight Lombard Facility are contained in section 4 of the 'MMA Monetary Operation Manual'

 

 

 

 

 
 
Open Market Operations
Standing Facilities
MMA Monetary Operation Manual & Forms
         
       
Last updated: February 14 2011.
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