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-loan with floating interest rate, 12 May 2021 - Auction no 10005 +
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-loan with floating interest rate, 10 May 2021 - Auction no 10004 +
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-loan with floating interest rate, 6 May 2021 - Auction no 10003 +
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