Norges Bank

F-loans and F-deposits

Norges Bank uses market operations, called “F-loans” and “F-deposits”, to manage the quantity of reserves in the banking system. In order to participate in F-loan and F-deposit auctions, counterparties must have registered users and access to the F-auction system. 

New system setup

Norges Bank will implement a new system setup for conducting market operations from 28 April 2021.

In the new system, the counterparties administer who in their organisation will at any time have access to the F-auction system on their behalf. For this purpose, a super user is created for the organization in the user management system Nekst. See more about creating a new super user here.

From 28 April 2021, users given access to F-auctions by their organisation's super user log in and participate in market operations here.

Auction announcements

F-loan with floating interest rate - Auction no 10006


12 May 2021 Offer of T+2 F-loan with floating interest rate with a term from 18.05.2021 to 19.05.2021 and a bidding deadline of 14:50 on 12.05.2021. Non-standard settlement dates. Ordinary auction and open bid volume. Lowest volume per bid is NOK 10 million. Go to Norges Bank's website to submit a bid.

F-deposit with floating interest rate - Auction no 10007


12 May 2021 Offer of F-deposit with floating interest rate with a term from 12.05.2021 to 14.05.2021 and a bidding deadline of 15:50 on 12.05.2021. Ordinary auction and open bid volume. Lowest volume per bid is NOK 10 million. Go to Norges Bank's website to submit a bid.

Results

F-auction

12 May 2021. Result of F-loan with floating interest rate with a term from 18.05.2021 to 25.05.2021.

Bid volume
NOK 36600 million
Allotment volume
NOK 36600 million
Allotment at the marginal rate
100.00%
Rates at auction
Highest accepted interest rate
0.06%
Lowest accepted interest rate
0.00%
Weighted average interest rate
0.01%

* If the sight deposit rate is changed during the term of the operation, the banks' accepted interest rate will be changed accordingly.

F-auction

10 May 2021. Result of F-loan with floating interest rate with a term from 10.05.2021 to 11.05.2021.

Bid volume
NOK 430 million
Allotment volume
NOK 430 million
Allotment at the marginal rate
100.00%
Rates at auction
Highest accepted interest rate
0.02%
Lowest accepted interest rate
0.01%
Weighted average interest rate
0.02%

* If the sight deposit rate is changed during the term of the operation, the banks' accepted interest rate will be changed accordingly.

F-auction

6 May 2021. Result of F-loan with floating interest rate with a term from 06.05.2021 to 10.05.2021.

Bid volume
NOK 1450 million
Allotment volume
NOK 1450 million
Allotment at the marginal rate
100.00%
Rates at auction
Highest accepted interest rate
0.02%
Lowest accepted interest rate
0.00%
Weighted average interest rate
0.00%

* If the sight deposit rate is changed during the term of the operation, the banks' accepted interest rate will be changed accordingly.

F-loan in USD

There are currently no upcoming auctions in USD

Contact

General questions:
Domestic Markets Unit in the Markets and ICT Department
Tel. +47 22 31 71 70

Technical questions:
EVRY
Tel. +47 22 31 65 55