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BOE-A-2026-14637 ·6 July 2026 ·Resolution Low impact
Tax

Financial institutions: call for Treasury liquidity auctions with daily maturity from 15 July to 9 September

The General Directorate of the Treasury and Financial Policy is calling for a liquidity auction for temporary asset acquisition operations with daily maturity (Art. 1). The operations will take place over 56 days, from 15 July to 9 September 2026 (Art. 1). The interest rate will be variable, consisting of the spread offered by the entity plus the €STR rate (Art. 3).

In 3 key points

  1. Validity period: from 15 July to 9 September (Art. 1). (art. Primero)
  2. Duration of operations: daily maturity over 56 days (Art. 1). (art. Primero)
  3. The interest rate will be the sum of the offered spread and the €STR rate (Art. 3). (art. Tercero)

How it affects those involved

For participating financial institutions, the auction allows for liquidity management through repurchase and reverse repurchase agreements with daily maturity over 56 days (Art. 1). The bid with the highest rate must represent at least 2% of the auctioned balance (Art. 3). In the event of a second round, only entities that were successful in the first round may participate (Art. 3).

Lifecycle

2026-07-06PublishedPublished 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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