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BOE-A-2026-11302 ·25 May 2026 ·Resolution Low impact
Tax

Financial institutions: call for Treasury liquidity auction with daily maturity

The General Directorate of the Treasury and Financial Policy is calling for a liquidity auction for temporary asset acquisition operations (double repurchase agreements) with daily maturity (First). The operations will take place over 42 days, from 3 June to 15 July (First). The interest rate will be variable, consisting of the spread offered by the institution and the €STR rate (Third).

In 3 key points

  1. Validity of results: from 3 June to 15 July (First). (Primero)
  2. Duration of operations: daily maturity over 42 days (First). (Primero)
  3. Variable interest rate: sum of the offered spread and the €STR rate (Third). (Tercero)

How it affects those involved

For participating financial institutions, the auction allows for liquidity management through operations with daily maturity during the period of validity (First). It is established that the request with the highest rate from each institution shall be at least 2% of the auctioned balance (Third). In the event of a second round, only the institutions awarded in the first round may participate (Third).

Lifecycle

2026-05-25PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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