Within the framework of the CBRT's monetary policy objectives, standing facilities refer to Turkish lira (TRY) borrowing and lending facilities provided for banks and intermediary institutions at specific short-term interest rates in order to effectively regulate the money supply and liquidity. General framework of standing facilities is governed by Articles 52, 56 and 40 of the CBRT Law. The CBRT, as the lender of last resort, provides daily or end-of-day credit facilities for the system against collateral to eliminate technical payment problems which may obstruct the efficient functioning of the financial markets, and temporary liquidity shortages that may cause interruptions in the payment system.
Basic Readings For Detailed Information :
The Central Bank of the Republic of Turkey Law
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