Skip to content
BOE-A-2026-8209 ·13 April 2026 ·Resolution Low impact
Tax

Financial institutions: Treasury liquidity auction call with daily maturity on 17 April

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 be valid from 22 April to 3 June, covering a period of forty-two days (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 22 April to 3 June (First). (Primero)
  2. Variable interest rate: sum of the offered spread and the €STR rate (Third). (Tercero)
  3. Request limit: the offer with the highest rate must be at least 2% of the auctioned balance (Third). (Tercero)

How it affects those involved

Participating financial institutions will be able to temporarily yield returns on their resources through operations with daily maturity over 42 days (First). The auction stipulates 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 institutions that were successful in the first round may participate (Third).

Lifecycle

2026-04-13PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact