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.
