In conjunction with the Government’s review of the Business Finance Guarantee Scheme, the Reserve Bank today outlined
the revised operational details of the Term Lending Facility (TLF).
Under the revised facility, the Reserve Bank will continue to offer to lend funds to banks at the Official Cash Rate,
however the term has been extended to five years from three years.
The new facility will be available to use from 26 August and now runs through to 1 February 2021. The table below shows
the TLF schedule dates.
More details about the TLF can be found in the Domestic Markets markets release - Reserve Bank outlines details of revised Term Lending FacilityTLF Schedule (dates are inclusive)Offering 10.00am-12.00pm and 1.00pm-3.00pm26 August 2020 – 28 August 202024 September 2020 – 28 September 202027 October 2020 – 29 October 202025 November 2020 – 27 November 202023 December 2020 – 30 December 2020128 January 2021 – 1 February 2021
1December dates have been adjusted to take account of the Christmas period. The 24 December window will only be available
from 10am to 12pm.