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Standing facilities and Intraday liquidity

Standing facilities

The Eurosystem offers credit institutions two standing facilities:

  • Marginal lending facility in order to obtain overnight liquidity from the central bank against eligible assets;
  • Deposit facility in order to make overnight deposits with the central bank, remunerated at an interest rate pre-specified by the ECB.

Intraday liquidity

Funds, which are available or can be borrowed during the business day, in order to enable financial institutions to effect payments/settlement.
Repayment of the funds borrowed must take place before the end of the business day.