The Croatian National Bank will conduct the third of the four structural repo operations planned for this year on 12 July 2016, with settlement date on 14 July 2016, a fixed repo rate of 1.4% and date of maturity on 14 July 2020.
The Croatian National Bank will accept as collateral debt securities of issuers from the Republic of Croatia, in all currencies, maturing after the repurchase date, provided the issuer or the issue have a credit rating as a minimum equal to the rating of the Republic of Croatia, according to at least one of the following international agencies: Standard & Poor's, FitchRatings or Moody's. A uniform haircut of 5% will be applied to all securities listed on the List of eligible collateral for open market operations. For the purposes of calculating the market value, the Bloomberg price will be used that is applicable at the end of the previous working day and listed on the List of eligible collateral for open market operations posted on the CNB's website.